Tesla Stock Rises Amid US-China Tariff Suspension
Editor’s Note: This analysis was originally published as a stock note by Morningstar Equity Research. The United States and China agreed to temporary tariff cuts for the next 90 days while they negotiate a larger trade deal. The US will cut tariffs on Chinese imports to 30% from 145%, while China will cut tariffs on […]
What Impact Do Trump’s Tariffs Have on Big Tech?
Ivanna Hampton: The tariff fallout is crushing technology stocks. The good news is several major tech companies are now trading at discounts to our fair values. The bad news is uncertainty is at all-time highs with many tech companies’ supply chains spanning the globe with a heavy concentration in Asia. The Trump administration imposed tariffs […]
Grey Fox Becomes the Catalyst for McEwen’s Growth
Underground at the Black Fox mine, near the Grey Fox deposit. Credit McEwen Mining McEwen Mining (NYSE, TSX: MUX) is banking on the Grey Fox deposit to drive production growth at its Fox Complex just outside Timmins, Ontario. McEwen plans to lift Fox Complex output from roughly 30,000–35,000 gold-equivalent oz. today to about 60,000 oz. […]
Potential Disruptions Facing These Tech Industries…
Investors shouldn’t assume that nothing will happen this time, when it comes to risk for the tech sector stemming from the US trade war with China. We see a heightened possibility that supply chains could be changing dramatically. A decoupling from China would significantly affect technology companies, particularly hardware sellers. Case in point: Apple AAPL […]
Reasons the US Fed Might Delay Interest Rate Cuts Until July
The US Federal Reserve is still waiting to see how the tariff shock plays out before changing interest rates. As widely expected, the central bank kept rates unchanged at today’s meeting. Since being cut by 1 percentage point over the course of September to December 2024, the federal-funds rate has been maintained in a target […]
Barrick Earnings: Strong Gold Prices Provide Added Momentum
Editor’s Note: This analysis was originally published as a stock note by Morningstar Equity Research. Barrick’s ABX first-quarter 2025 adjusted NPAT of about USD 600 million, or USD 0.35 per share, is an 81% increase on a year ago. Like many other gold miners, 40% higher prices of USD 2,900 per ounce are the main […]
Canadian Tire Earnings: Robust Revenue Growth Observed…
Editor’s Note: This analysis was originally published as a stock note by Morningstar Equity Research. What We Thought of Canadian Tire Corporation’s Earnings Canadian Tire CTC.A posted first-quarter revenue growth of 4.0%, underpinned by a 4.7% uptick in comparable sales. Adjusted EBITDA also improved 11% to C$422 million (12.2% margin) due to favorable cost leverage […]
Basel III Declares It: Gold Rerecognized as Money
Stock image. For my entire decades-long career in capital markets, I’ve made the case that gold is not just a shiny relic of the past, but a serious, strategic asset for modern investors. After years of pounding the table, it feels pretty good to say that the world’s central banks—and now the US banking system—are […]
Shopify Earnings: Strong Quarter but Mixed Guidance Ahead
Editor’s Note: This analysis was originally published as a stock note by Morningstar Equity Research. Shopify’s SHOP first-quarter results were in line with the company’s outlook. Revenue increased 27% year over year to $2.36 billion, compared with the outlook for mid-20% growth, while operating margin was 13.9%. Guidance includes current trends continuing. Why it matters: […]
Manulife Earnings: A Growth Narrative in Asian Markets
Editor’s Note: This analysis was originally published as a stock note by Morningstar Equity Research. Manulife MFC posted strong numbers, with impressive growth in the Asian business. The firm reported core earnings of C$1.77 billion, or C$0.99 per share, in the first quarter, up 3% compared with the previous year. Adjusted return on equity was […]