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Making sense of the markets this week: October 6, 2024
– moneysense.ca
Kyle Prevost, creator of 4 Steps to a Worry-Free Retirement, Canada’s DIY retirement planning course, shares financial headlines and offers context for Canadian investors.
Nike and Carnival’s Shareholders Cruise to Profitable Destination
According to this week’s earnings, we would rather cruise than run—when wearing Nike shoes at least.
U.S. earnings highlights
This is what came out of the earnings reports this week. Both Nike and Carnival report in U.S. dollars.
Nike (NKE/NYSE): Earnings per share of $0.70 (versus $0.52 predicted). Revenue of $11.59 billion (versus $11.65 billion predicted).
Carnival (CCL/NYSE): Earnings per share of $1.27 (versus $1.17 predicted). Revenue of $7.89 billion (versus $7.82 billion predicted).
A pair of earnings beats led to surprisingly muted market sentiment. Carnival set new revenue records for the quarter and boosted its future forecast for the third time this year. Carnival CEO Josh Weinstein stated that revenues were up mostly to improved profit margins on board each ship (as opposed to simply running more cruises)…
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What can you learn? Here are a few highlights from the segments featuring MoneySense contributors:
Lisa Hannam and Penelope GrahamCanada’s New Mortgage Rules in 2024
In an effort to help Canadians get into the real estate market, the government made changes to the mortgage rules…
