BCE Earnings: Competitive Landscape Continues, Yet Dividend…
Editor’s Note: This analysis was originally published as a stock note by Morningstar Equity Research. Key Morningstar Metrics for BCE What We Thought of BCE’s Earnings BCE BCE posted a 1.3% revenue decline in the first quarter, while adjusted EBITDA was flat due to continued cost management as competition persists. The firm cut its dividend […]
May 2025 U.S. Stock Market Forecast: In the Eye of the Storm
• The US stock market is trading at an 8% discount. • Investors should look to market-weight stocks overall but overweight value and core. • Sector valuations rise toward fair value from deeply undervalued levels, and energy is increasingly attractive. May 2025 US Stock Market Outlook and Valuation As of April 30, 2025, according to […]
Fortune Minerals Shares Test Results for NICO Bismuth Project Ahead of Alberta Refinery Plans
Aerial view of Fortune Minerals’ NICO cobalt-gold-bismuth copper project in the Northwest Territories. Credit: Fortune Minerals Fortune Minerals (TSX: FT) reported Friday that metallurgical test work validation is complete for the bismuth circuits for the company’s 100% owned NICO critical minerals project in Canada’s Northwest Territories. Bismuth is a scarce industrial metal that has characteristics […]
The Magnificent Seven at the Helm of the Stock Market
• The megacap tech stocks that make up the “Magnificent Seven” have led the market’s recovery over the past month. • That’s a big change from earlier in the year, when “old economy” stocks like financials and healthcare led, while tech fell out of favor. • Strategists say Big Tech offers investors structural advantages over […]
Telus Earnings: Strong Revenue Growth from Telus Health and…
Editor’s Note: This analysis was originally published as a stock note by Morningstar Equity Research. Telus T posted healthy first-quarter results. Revenue improved 3% yearly, while consolidated EBITDA expanded 6% as the firm added its fair share of subscribers across its wireless and wireline networks. Additionally, cost management has supported healthy margin growth as stiff […]
Likelihood of Bank of Canada Interest Rate Cut Increases in…
A shocking fall in the latest job numbers and a higher-than-anticipated rise in the unemployment rate have significantly boosted the odds of an interest rate cut when the Bank of Canada makes its next decision in June. The economy added just 7,400 jobs in April, considerably undershooting the FactSet consensus estimate of 10,000. Meanwhile, the […]
Quebecor Earnings: Strong Growth in Wireless Subscriber Additions
Editor’s Note: This analysis was originally published as a stock note by Morningstar Equity Research. Quebecor QBR.B posted an annual revenue decline of 1.4% in the first quarter, primarily from lower wireline and media revenue. Adjusted EBITDA declined 2% in the period, as firmwide margins dipped only slightly to about 41% Why it matters: As […]
BHP-Backed SolGold Shifts to Accelerated Mining Plan to Attract Investors
The Cascabel copper-gold project in Ecuador. (Image courtesy of SolGold.) SolGold Plc, an Ecuador-focused firm backed by some of the biggest names in mining, is working on options to start production at its flagship project three or four years ahead of previous plans. The company’s Cascabel project has long been heralded for its potential of […]
George Weston Earnings: Valuation Insights from Subsidiary Loblaw
Editor’s Note: This analysis was originally published as a stock note by Morningstar Equity Research. George Weston’s WN sales grew 4% in the first quarter of 2025, led by expansion in subsidiary Loblaw (99% of sales). Adjusted operating profit rose 5.0% as margins widened by 10 basis points to 8.3%. Why it matters: We attribute […]
Great-West Financial Results: Focus on Retirement and Wealth Management
Editor’s Note: This analysis was originally published as a stock note by Morningstar Equity Research. Great-West Lifeco GWO reported decent numbers in the first quarter as base earnings came in at C$1.03 billion, or C$1.11 per share, up 6% from C$1.05 per share in the previous year. The firm reported an adjusted return on equity […]