So far this year, a basket of Gold BAANG stocks (Barrick, AngloGold, Agnico Eagle, Franco-Nevada, and Gold Fields) is up 58% versus the Tech FAANG stocks (Facebook, Amazon, Apple, Netflix, and Google/Alphabet), up 52%. [more]
Last week, Alphabet, Amazon, Apple, Facebook, and Microsoft, reported better-than-expected quarterly earnings, as most of these big tech companies strongly outperformed against the broader market during the COVID-19 pandemic. With large cash balance and solid cash flows, these Tech Giants are poised to seize opportunities in this unsettled market. [more]
As corporations across numerous industries continue to sit back and assess an uncertain economic future, the M&A environment is diverging between highly impacted companies pulling out of deals, while well positions companies with large cash balances take opportunities. [more]
As the COVID-19 pandemic continues, technology companies focused on platforms for communication and data management experienced a surge in demand as businesses announced a full shift in operations to remote environments. [more]
Zynga, an American game developer best known for its Facebook game Farmville, acquires Peak Games with 100 game developers, puzzle makers and a game portfolio that includes Toon Blast and Toy Blast. [more]
The pandemic may have slowed down demand for office spaces temporarily however, overall supply in the market maintained stability. According to Altus Group, a commercial real estate services firm, in Q1/2020, the vacancy rate in Canada dropped to 9.5% compared with 10.3% year-over-year. [more]
The Federal Reserve and the Treasury Secretary announce new extensive measures to support the economy, which brings comments from Duquesne Family Office, Blackrock, Miller Value Partners, The Leuthold Group, and Appaloosa Management. [more]
This week Facebook published a “State of Small Business” Report based on a survey of 86,000 owners, managers and workers in companies across the US with fewer than 500 employees. The report is a “sobering snapshot” of the struggles that Small Businesses are facing today amid the COVID-19 crisis. [more]
This past week, the tech companies that dominate online reported Q1 earnings, including companies Alphabet, Amazon.com, Apple, Facebook, and Microsoft. Google and Microsoft saw an increased demand for cloud services and enterprise offerings but reduced online advertising sales. [more]
S&P 500 and S&P/TSX indices screens highlight companies with strong balance sheets and cash flows, which reduce liquidity risks and allow companies the ability to acquire distressed assets. Cash Kings – Alphabet, Microsoft & Facebook in the U.S. and Onex & Kirkland Lake in Canada [more]
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