Last week, Tesla, the global leader in the EV industry, surpassed Toyota as the world’s largest car manufacturer by market capitalization, reaching a value of over US$250 billion after reporting impressive deliveries for Q2/2020. In the past week, Tesla’s stock price continued to surge by over 20% to US$1,372 per share. [more]
Revenue increased to $8M with EBITDA of $1.2M. Organic Garage’s online sales almost doubled month-over-month in April to 6.6% of total sales. The Company’s 5th store, located in the Leaside neighborhood of Toronto, is set to open in Q2/2021. [more]
Recently, the Trump administration ordered more than 500,000 doses of Remdesivir, fully clearing out Gilead’s supply for July and taking 90% of Gilead’s production in August and September, leaving no supply for the rest of the world. [more]
Recent low stock prices enabled activist investors to quietly buy up shares, leaving many companies vulnerable to becoming the target of shareholder activism in the future. Hugo Boss, easyJet, Tesla and Uber have all been under pressure from shareholders this year. [more]
Amid a global pandemic and economic uncertainty, Cerberus sells its stake at $16/share, below the original estimated price range of $18 to $20. Albertsons is the second-largest supermarket operator in the U.S. with over 2,200 stores in 34 states. [more]
Gold, Real Estate and VIX are additions in this month’s Seasonality Report. Although market assessment has been turned upside down, there are still useful strategies to employ in composing a profitable portfolio in highly volatile markets like those that we have been experiencing. One such strategy is using seasonality trends as a guideline. [more]
At a CleanTech webinar, presenters spoke on scaling challenges and strategies, specifically focused on capital funding. In Canada, government announced C$42 million in investments across 10 Canadian business focused on innovative solutions for climate change. [more]
Uncertainties caused by Covid-19 created a stronger demand for precious metals, increasing quarterly and annual revenue results but positive profits for the last quarter & fiscal year were elusive. [more]
The production and sale of electric vehicles were resilient despite the onset of the COVID-19 pandemic, as the EV industry reported various new developments in vehicles and technologies. [more]
The U.S. Fed released the banking stress test for 2020 and under the various scenarios, most banks remained well capitalized with only some approaching minimum capital levels. However, to insure the stability of the banking sector, the Fed is limiting dividends and suspending share buybacks. [more]
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