Baystreet.ca RSS Feed http://www.baystreet.ca/rss/MasterRSS.aspx en-us Copyright (c) 2017 Baystreet.ca Inc. All rights reserved. 8/20/2017 1:55:43 AM <![CDATA[Teranga Gold "OUTPERFORM"]]>Fri, 18 Aug 2017 11:59:00 ESThttp://baystreet.ca/articles/analyst_ratings.aspx?31857<![CDATA[Russia Claims To Have Invented Alternative To Fracking]]>Fri, 18 Aug 2017 11:17:00 ESThttp://baystreet.ca/articles/commodities.aspx?id=1227Friday, August 18, 2017


Russia Claims To Have Invented Alternative To Fracking


Russian scientists and local oil field services companies claim to have created a technology for thermochemical gas fracturing that could be an alternative to hydraulic fracturing and could increase oil production by between 1.7 and 6 times, Russia’s news agency RIA Novosti reports, citing the University of Tyumen’s press service.

In hydraulic fracturing, rocks are fractured with high-pressure injection of fluids, while the new breakthrough technology, as claimed by Russian scientists and media, is creating chemical reactions in the strata that contain oil.

The chemicals react and emit heat and gas, which makes extraction easier and lifts well productivity, according to the scientists and researchers.

The other upside in the technology, the Russians claim, is that the main component in the chemical reactions is ammonium nitrate, which is often used as fertilizer.

According to Professor Konstantin Fedorov, Director of the Institute of Physics and Technology at the University of Tyumen and the scientific consultant on the project, the improved well productivity effect lasts between 300 and 1,000 days. Production increases by between 1.7 times and 6 times compared to the initial output level, although the scientists have seen tests with production increases of 10 to 20 times.

The success rate is close to 100 percent, Fedorov claims, as reported by Russian media.

According to the University of Tyumen, the project—partially supported by government funding—had the goal to create an innovative and, more importantly, Russian method of oil and gas production.

The project partners plan to begin the first tests at operational wells of one of Rosneft’s subsidiaries in September, according to the University of Tyumen.

Plans are that the new technology could also be tested at oil fields of other major Russian companies, including Tatneft, Bashneft, and Gazprom Neft, Sputnik International reports.

By Tsvetana Paraskova for Oilprice.com

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<![CDATA[Tesla and General Electric To Install Solar Panels In 50 Home Depot Stores]]>Fri, 18 Aug 2017 10:56:00 ESThttp://baystreet.ca/articles/techinsider.aspx?id=858Friday, August 18, 2017

Tesla and General Electric To Install Solar Panels In 50 Home Depot Stores


Tesla Inc. (NASDAQ:TSLA) is teaming up with General Electric (NYSE:GE) to install solar systems and panels in 50 Home Depot Inc. (NYSE:HD) stores. The solar rooftops that the two companies will install should generate enough electricity to reduce the store’s reliance on local grids by a third.

Home Depot Solar Roof Tops

General Electric and Tesla will sell Home Depot the power generated by the solar panels installed in the outlets. Six stores will also receive battery storage facilities for storing excess power generated during peak solar hours.

General Electric’s Current unit plans to add metering technology to solar installations at select Home Depot stores, to gather data on local grid interaction and onsite plant production. Information gathered, as a result, should help the retailer optimize energy usage at similar locations in the future.

“Home Depot is a great partner to demonstrate the value of onsite solar energy as a practical, affordable and important business strategy and drive further market adoption,” said Erik Schiemann, general manager of solar at Current.

The average Home Depot store is 104,000 square foot which can accommodate up to 1,000 solar panels. The home improvement retailer expects the solar panels to cut the store’s use of the electric grid by 30-35%. In addition to installing solar panels, the retailer also operates two wind farms. It has also leased roof spaces in Delaware and Maryland all of which are using fuel cells.

Eco-Friendly Practices

The installation comes at a time when most companies are adopting eco-friendly practices as solar energy becomes cheaper than electricity. Home Depot has already reiterated plans to generate up to 135 megawatts by 2020 in its retail outlets across the country.

Amazon.com, Inc. (NASDAQ:AMZN) is another retailer that is making a push for clean energy solutions. The e-commerce giant is working on a solar power program that will result in the installation of solar panels in 15 fulfillment centers by the end of the year. The company plans to have 50 warehouses on solar power by 2020.

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<![CDATA[Economic Calendar]]>Sun, 20 Aug 2017 01:55:43 ESThttp://baystreet.ca/articles/econ_calendar.aspx?id=18125August 2017
 

DATE

STATISTIC FOR CURRENT MONTH PREVIOUS MONTH
Tuesday, August 01, 2017 Markit Canada Manufacturing PMI: 9:30am July The Markit Canada Manufacturing Purchasing Managers' index (PMI), a measure of manufacturing business conditions, rose to a seasonally adjusted 55.5 last month from 54.7. A reading above 50 shows growth in the sector. The Markit Canada Manufacturing index fell to 54.7 vs 55.1. A reading above 50 is expansionary.
Friday, August 04, 2017 Labour Force Survey: 8:30am July Following two months of notable increases, employment was little changed in July (up 11,000 jobs or 0.1%). As the number of people searching for work edged down, the unemployment rate declined by 0.2 percentage points to 6.3% Employment rose by 45,000 in June, mostly in part-time work. The unemployment rate was 6.5%, down 0.1 percentage points from the previous month.
Friday, August 04, 2017 IVEY Purchasing Managers Index: 10:00am July The IVEY PMI index faded to 60 in July, from June 61.6 and a 57 reading in July 2016. The index ballooned to 61.6 for June from 53.8 in May, and 51.7 in June 2016.
Friday, August 04, 2017 Canadian International Merchandise Trade: 8:30am June Canada's merchandise trade balance with the world posted a $3.6 billion deficit in June, widening from a $1.4 billion deficit in May. Exports fell 4.3% while imports edged up 0.3% Canada's merchandise trade deficit with the world reached $1.1 billion in May, up from a $552 million deficit in April. Imports rose 2.4% and exports were up 1.3%.
Wednesday, August 09, 2017 Housing Starts: 8:15am July Canada Mortgage and Housing Corporation said the trend in housing starts was 217,550 units in July, compared to 215,175 units in June Canada Mortgage and Housing Corp. says the annual pace of housing starts in Canada picked up in June. The seasonally adjusted annual rate of housing starts in June came in at 212,695 units, up from 194,955 units in May. Economists had expected the annual rate to come in at 200,000.
Wednesday, August 09, 2017 Building Permits: 8:30am June Canadian municipalities issued $8.1 billion worth of building permits in June, up 2.5% from May and the second highest value on record. Canadian municipalities issued $7.7 billion worth of building permits in May, up 8.9% from April and the third highest value on record.
Thursday, August 10, 2017 New Housing Price Index: 8:30am June New house prices eked up 0.2% nationwide, due largely to lack of momentum on prices in Southern Ontario The index soared 0.7% in May, due largely to price jumps in Toronto and Vancouver
Tuesday, August 15, 2017 CREAstats - MLS Sales: 8:30am July The Canadian Real Estate Association said national home sales fell 2.1% from June to July. The Canadian Real Estate Association said the resale of Canadian homes fell 6.7% in June from May, the largest monthly drop since 2010 and the third straight monthly decline as sales in Toronto plunged
Wednesday, August 16, 2017 Canada's International Transactions in Securities: 8:30am June Foreign investors reduced their holdings of Canadian securities by $923 million in June, the first monthly divestment since July 2015. At the same time, Canadian investment in foreign securities amounted to $13.2 billion, led by acquisitions of equities. Foreign investment in Canadian securities amounted to $29.5 billion in May, mainly purchases of government debt instruments. At the same time, Canadian investors increased their holdings of foreign securities by $4.4 billion, led by investments in U.S. debt instruments.
Thursday, August 17, 2017 Monthly Survey of Manufacturing: 8:30am June Manufacturing sales fell 1.8% to $53.9 billion in June, following three consecutive monthly gains. Manufacturing sales increased for the third consecutive month, up 1.1% to $54.6 billion in May.
Friday, August 18, 2017 Consumer Price Index: 8:30am July The Consumer Price Index (CPI) rose 1.2% on a year-over-year basis in July, following a 1.0% increase in June. On a seasonally adjusted monthly basis, the CPI was up 0.2% in July, after posting no change in June. The Consumer Price Index (CPI) rose 1.0% on a year-over-year basis in June, following a 1.3% increase in May. On a seasonally adjusted monthly basis, the CPI was unchanged in June, after being down 0.2% in May.
Monday, August 21, 2017 Wholesale Trade: 8:30am June --- Wholesale sales rose 0.9% to a record high $61.6 billion in May. Sales were up in six of the seven sub-sectors, representing 80% of total wholesale sales.
Tuesday, August 22, 2017 Retail Trade: 8:30am June --- Retail sales increased for the third consecutive month, rising 0.6% to $48.9 billion in May. Retail sales increased for the third consecutive month, rising 0.6% to $48.9 billion in May. Sales were up in five of 11 sub-sectors, representing 56% of total retail trade.
Thursday, August 24, 2017 Employment Insurance: 8:30am June --- In May, 525,300 people received regular Employment Insurance benefits, down 12,800, or 2.4%, from April.
Tuesday, August 29, 2017 Industrial Product Price Index: 8:30am July --- The index declined 1.0% in June, mainly due to lower prices for energy and petroleum products.
Tuesday, August 29, 2017 Raw Materials Price Index: 8:30am July --- The index declined 3.7%, primarily due to lower prices for crude energy products.
Wednesday, August 30, 2017 Average Weekly Earnings June --- Average weekly earnings of non-farm payroll employees were $972 in May, virtually unchanged from April but up 2.0% from 12 months earlier.
Thursday, August 31, 2017 GDP: 8:30am June --- Real gross domestic product grew 0.6% in May, with 14 of 20 industrial sectors increasing. This was the seventh consecutive monthly increase.
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<![CDATA[Inflation Rises in July ]]>Fri, 18 Aug 2017 09:58:00 ESThttp://baystreet.ca/articles/economiccommentary.aspx?id=1921Inflation Rises in July


The cost of goods was higher in this country than the month before, according to figures released Friday morning by Statistics Canada.

The agency says Canada's annualized inflation rate in July was 1.2% up from 1% in June, adding the increase was in line with estimates.

In the 12 months leading up to July, prices were up in six of the eight major areas tracked, with the transportation and shelter indexes contributing the most to the year-over-year rise in the consumer price index.

Consumers paid 4.6% more for gasoline in the 12 months to July, helping to drive transportation costs higher by 1.9%, following a 0.6% increase in June.

They also paid more for passenger vehicles, which saw prices increase 0.2%after declining 0.2% the previous month.

The shelter index increased 1.3% year-over-year in July, after rising 1.6% in June. Homeowners' replacement costs contributed the most to the gain in prices, rising 4.1% in the 12 months to July.

Prices for natural gas, up 9.7%, increased at a slower year-over-year rate than they did in June. Meanwhile, the electricity index recorded its largest decrease since April 2003, down 9.1% year over year in July, following a 5.3% decline in June. The decline at the national level largely reflected legislated price declines in Ontario.

Consumer prices for food rose 0.6% on a year-over-year basis in July, matching the gain in June.

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<![CDATA[Spain Attack, White House Fears Weigh on Asia]]>Fri, 18 Aug 2017 07:15:00 ESThttp://baystreet.ca/articles/foreignmarketwrap.aspx?id=2689Friday, August 18, 2017

Spain Attack, White House Fears Weigh on Asia


Asia markets were pressured in Friday trade after investors on Wall Street sold off on growing uncertainty over the Trump administration's ability to follow through on its economic policies.

In Japan, the Nikkei 225 index plummeted 232.22 points, or 1.2%, to 19,470.41,

The Hang Seng Index lost 296.65 points, or 1.1%, to 27,047.57

Australian markets were driven by broad-based losses across most sub-indexes. The heavily-weighted financials sub-index lost 1.1%

In Asia, Wynn Macau stock was up 0.5% after earlier falling more than 2%. The Hong Kong-listed subsidiary of Wynn resorts reported a profit of HK$1.59 billion ($203.47 million U.S.) for the first half of the year, above the HK$1.1 billion recorded for the same period a year earlier.

Other gaming plays traded lower: SJM Holdings shed 0.4% and Sands China was off 0.9% late afternoon Friday local time.

Meanwhile, computer manufacturer Lenovo posted a loss of $72 million U.S. in the quarter ending on June 30, citing challenging market conditions and supply constraints. Lenovo stock was down 3.8%.

The U.S. currency lost ground against the yen, with the greenback fetching 108.99 yen late afternoon Friday, compared with levels around 110 seen mid-week.

Markets also kept an eye on news of a terror attack which involved a van driving into crowds near a popular tourist destination in Barcelona, Spain, on Thursday. At least 13 were killed in the attack, which also injured more than 100 others.

CHINA

The CSI 300 inched up 3.39 points, or 0.1%, to 3,724.67

China Unicom said shares of the company traded in Shanghai and Hong Kong would remain suspended due to a lack of details over a fundraising deal, Reuters reported. The state-owned telecommunications group had earlier announced it was raising around $11.7 billion U.S. from investors, including Tencent and Alibaba, as part of mixed ownership reform.

In economic news, new home prices in China climbed 0.4% in July from a month earlier. That was below the rise of 0.7% seen in June. On a yearly basis, average new home prices rose 9.7% from the year-earlier month

In other markets

In Singapore, the Straits Times Index dropped 16.89 points, or 0.5%, to 3,251.99

In Taiwan, the Taiex index subtracted 48.04 points, or 0.5%, to 10,321.33

In Korea, the Kospi index was down 3.3 points, or 0.1%, to 2,358.37

In New Zealand, the NZX 50 added 3.49 points to 7,873.55

In Australia, the ASX 200 doffed 32.09 points, or 0.6%, to 5,747.11









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<![CDATA[U.S. Stocks Bleed Due To Political Turmoil]]>Fri, 18 Aug 2017 01:28:00 ESThttp://baystreet.ca/articles/globalmarkets.aspx?id=1914The Dow Jones Industrial Average experienced its largest 2 week drop since 2016 as tensions from the Korean Peninsula drove down indexes last week and the political fallout from Charlottesville has soured investor sentiment this week. U.S. indexes fell across the board mid-week as President Trump dissolved two advisory councils after CEOs began an exodus after his comments on the rally. Chief economic advisor and former chief operating officer at Goldman Sachs Group Inc. (NYSE:GS) Gary Cohn was reportedly especially rattled by the reaction from Trump. Gary Cohn is widely regarded as one of the best hopes for making the pro-growth policies initially promised by the Trump administration a reality.

If Cohn were to depart it would likely send shockwaves in the markets as tax reform and the new infrastructure plan would be put in serious jeopardy. The Dow has fallen marginally as of the noon hour on Friday, August 18 – down 0.07% as of writing. Rallies in gold and silver and a weakening U.S. dollar also add legitimacy to the concern that investors have. If the political crisis in the United States continues to escalate, or if the pro-growth policies promises fall through, markets will undoubtedly react violently.

The “Trump Trade”, the market boom following Donald Trump’s election, has been powered by the promise of his economic policies. It could face an equally strong backlash if investors come to believe that the markets have been trading on conditions that will be unrealized.

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<![CDATA[IPO Center - TSX-V]]>Wed, 09 Dec 2015 12:00:00 ESThttp://baystreet.ca/articles/ipo_tsx.aspx?id=10023 Company Name Ticker Date BioNeutra Global Corporation BGA 09-12-2015 International Datacasting Corporation IDC 14-12-2015 Buffalo Coal Corp. BUF 18-12-2015 Orezone Gold Corporation ORE 21-12-2015 IDM Mining Ltd. IDM 30-12-2015 Percy Street Capital Corporation PSC 12-01-2016 New Global Acreage Resources Ltd. RAP.P 13-01-2016 McorpCX, Inc. MCX 03-02-2016 Nurcapital Corporation Ltd. NCL 04-02-2016 CaNickel Mining Limited CML 05-02-2016 Axios Mobile Assets Corp. AXA 29-02-2016 Brassneck Capital Corp. BC.P 15-03-2016 MDN Inc. MDN 31-03-2016 Black Lion Capital Corp. BLC 01-04-2016 CUP Capital Corp. CPU 08-04-2016 Nobelium Tech Corp. NBL.P 13-04-2016 Spada Gold Ltd. SPL 14-04-2016 Era Resources Inc. ERX 18-04-2016 Helius Medical Technologies, Inc. HSM 18-04-2016 Huffington Capital Corporation HU.P 19-04-2016 Nova Leap Health Corp. NLH.P 26-04-2016 Targeted Microwave Solutions Inc. TMS 17-05-2016 Cortina Capital Corp. CCN 17-05-2016 Mercal Capital Corp. MUL 18-05-2016 Westshire Capital II Corp. WSH 31-05-2016 IMEX Systems Incorporated IMX 14-06-2016 Kneat.com Inc. KSI 05-07-2016 Fortune Bay Corp. FOR 05-07-2016 GoviEx Uranium Inc. GXU 11-07-2016 Mbac Fertilizer Inc. MBC 12-07-2016 H-Source Holdings Ltd. HSI 25-07-2016 Mariana Resources MRA 26-07-2016 Cardero Resource Corp. CDU 02-08-2016 Austral Gold Limited AAM 22-08-2016 Filo Mining Corp. FIL 26-08-2016 Jura Energy Corporation JEC 01-09-2016 Northwest Arm Capital Inc. NWA 12-09-2016 Aurora Cannabis Inc. ACB 05-10-2016 European Commercial Real Estate Limited ERE.P 07-10-2016 Starlight U.S. Multi-Family (No. 5) Core Fund SUA.A 13-10-2016 IsoEnergy Ltd. ISO 19-10-2016 Metalore Resources Limited MET 14-11-2016 Trusted Brand 2016 Inc. HAH.P 30-11-2016 FP Newspapers Inc. FP 22-11-2016 Zazu Metals Corporation ZAZ 01-12-2016 Lite Access Technologies Inc. LTE 13-12-2016 Global Gardens Group Inc. VGM 03-01-2017 Soleil Capital Corp. SOLE.P 30-01-2017 Adventus Zinc Corporation ADZN 09-02-2017 Superior Gold Inc. SGI 23-02-2017 Global Energy Metals Corporation GEMC 01-03-2017 Harbour Star Capital Inc. HSC 06-03-2017 Kanzen Capital Corp. KAN.P 07-03-2017 CanadaBis Capital Inc. CANB.P 10-03-2017 Essex Minerals Inc. ESX 15-03-2017 HAW Capital Corp. HAW.P 21-03-2017 Avanco Capital Corp. AAA.P 22-03-2017 Snobro Enterprises Inc. SIQ.P 30-03-2017 Invictus MD Strategies Corp IMH 31-03-2017 Organic Garage Ltd. OG 13-04-2017 Buffalo Capital Inc. BUFF.P 27-04-2017 Minco Gold Corporation MMM 01-05-2017 Aztec Minerals Corp. AZT 02-05-2017 Hope Well Capital Corp. HOPE.P 09-05-2017 22 Capital Corp. LFC.P 12-05-2017 Aumento Capital VI Corporation AUO.P 19-05-2017 Fireweed Zinc Ltd. FWZ 29-05-2017 Pinedale Energy Ltd. MCF 02-06-2017 Pinedale Energy Ltd. MCF 02-06-2017 Canadian Mining Corp. CNG 05-06-2017 Contact Gold Inc. C 07-06-2017 Trifecta Gold Ltd. TG 15-06-2017 Starlight U.S. Multi-Family (No. 1) Value-Add Fund SUV.A 16-06-2017 P Squared Renewables Inc. PSQ.P 21-06-2017 Canvass Ventures Ltd. CVS.P 29-06-2017 Namibia Rare Earths Inc. NRE 04-07-2017 URZ Energy Corp. URZ 05-07-2017 Aguia Resources Limited AGRL 06-07-2017 Alopex Gold Inc. AEX 13-07-2017 Value Capital Trust VLU.P 17-07-2017 Califfi Capital Corp. CFI.P 19-07-2017 Le Chateau Inc. CTU 28-07-2017 Tetra Bio-Pharma Inc. TBP 16-08-2017 Apolo Acquisition Corp. ACA.P 17-08-2017]]><![CDATA[Markets Bruised by Friday’s Close]]>Fri, 18 Aug 2017 04:25:00 ESThttp://baystreet.ca/articles/marketupdates.aspx?id=6492Friday, August 18, 2017

16:25 PM EST
Markets Bruised by Friday’s Close

Gold, Tech Hit Hard



It was a week to forget on North American stock markets, particularly in Canada, where indices took yet another pounding.

The S&P/TSX Composite Index fell 81.31 points to end the day and the week at 14,952.33

The Canadian dollar gained 0.64 cents to 79.5 cents U.S.

Gold stocks were hit particularly hard, as Kinross Gold dropped 21 cents, or 3.8%, to $5.33, while Goldcorp faded 54 cents, or 3.2%, to $16.16.

Technology stocks retreated with Absolute Software Corp slumping 52 cents, or 6.5%, to $7.47 after it reported fourth-quarter results that missed expectations. BlackBerry shares doffed 13 cents, or 1.2%, to $10.92.

Bombardier Inc shares regained three cents, or 1.1% to $2.66 amid news that Swedish authorities are charging a Bombardier employee on suspicion of bribery. Even so, industrials lost some steam, as Canadian National Railways docked $1.21, or 1.2%, to $100.00.

Canadian Natural Resources fell 26 cents to $38.73, while the broader energy group inched up. TransCanada Corp. added 15 cents to $62.28.

On the economic slate, Statistics Canada reported July consumer price index rose 1.2% on a year-over-year basis in July, following a 1.0% increase in June. On a seasonally-adjusted monthly basis, inflation was up 0.2% in July, after posting no change in June.

ON BAYSTREET

The TSX Venture Exchange regained 2.34 points to 769.76.

All but two of the 12 TSX subgroups were negative to end the week, with gold retreating 1%, information technology and industrial issues each slumping 0.9%.

The two gainers were in health-care, up 0.2%, and energy, better by 0.1%.

ON WALLSTREET

U.S. equities regained some of their bearings on Friday after said Steve Bannon, one of President Donald Trump's top advisors, left the administration.

The Dow Jones Industrials dropped 46.43 points to close at 21,704.30

The S&P 500 initially popped on Bannon’s departure, but settled in the red 4.46 points to 2,425.55

The NASDAQ finished lower 5.39 points to 6,216.53.

Hibbett Sports was among those firms announcing earnings Friday; its stock sank 68 cents, or 5.9%, to $10.83

Traders at the New York Stock Exchange literally cheered the news that Bannon was out of the administration.

Tension between Bannon and other top advisors to Trump, including Chief Economic Advisor Gary Cohn and National Security Advisor H.R. McMaster, had been festering inside the White House. On Wednesday, Reuters reported that discord between Bannon and McMaster was destabilizing Trump's team.

Bannon was the advisor pushing the hardest for a more nationalistic approach to U.S. economic policy. However, his influence has reportedly waned in the Trump administration.

The Dow and the S&P had fallen approximately 0.5% for the week entering Friday's session. The two indexes were also on track for their first two-week losing streak since May. The NASDAQ, meanwhile, was on track to post a four-week losing streak, its longest of the year.

Prices for the benchmark 10-year Treasury note gained ground, lowering yields to Thursday’s 2.19%. Treasury prices and yields move in opposite directions.

Oil prices gained $1.54 to $48.63 U.S. a barrel

Gold prices removed 20 cents to $1,292.20 U.S. an ounce.





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<![CDATA[Stocks in Play: Rogers Communications Inc.]]>Fri, 18 Aug 2017 09:52:58 ESThttp://baystreet.ca/articles/stocksinplay.aspx?id=23298Friday, August 18, 2017

09:53 AM EST - Rogers Communications Inc. : Declared a quarterly dividend totalling 48 cents per share on each of its outstanding Class B Non-Voting shares and Class A Voting shares. The quarterly dividend declared today will be paid on October 3 to shareholders of record on September 15. Rogers Communications Inc. (T.RCI.A) shares were unchanged at 64.52.

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<![CDATA[Stocks in Play: Almonty Industries Inc.]]>Fri, 18 Aug 2017 09:52:58 ESThttp://baystreet.ca/articles/stocksinplay.aspx?id=23299Friday, August 18, 2017

09:53 AM EST - Almonty Industries Inc. : Has closed the second tranche of its previously announced financing. The second tranche was a subscription for 5,175,000 common shares of the Company at a price of $0.30 for aggregate gross proceeds of $1,552,500 pursuant to a subscription agreement the Company entered into with Lewis Black, Almonty’s Chairman, Chief Executive Officer and President. The total amount subscribed for by Mr. Black pursuant to the two tranches under the subscription agreement was 21,175,000 Common Shares for an aggregate subscription price of $6,352,500. Almonty Industries Inc. (V.AII) shares were unchanged at 0.33.

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<![CDATA[Stocks in Play: LED Medical Diagnostics Inc.]]>Fri, 18 Aug 2017 09:52:58 ESThttp://baystreet.ca/articles/stocksinplay.aspx?id=23300Friday, August 18, 2017

09:55 AM EST - LED Medical Diagnostics Inc. : Announced its financial results for the second quarter ended June 30, 2017, reported in United States dollars and in accordance with International Financial Reporting Standards. LED Medical reported revenue of $3.7 million, which is an increase of 77% from the three months ended March 31, 2017 and 1% from the three months ended June 30, 2016. The net income was $905,000 for the three months ended June 30, 2017, as compared to a net loss of $1.1 million for the three months ended June 30, 2016. LED Medical Diagnostics Inc. (V.LMD) shares were up $0.01 at 0.06.

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<![CDATA[Stocks in Play: Acceleware® Ltd.]]>Fri, 18 Aug 2017 09:52:58 ESThttp://baystreet.ca/articles/stocksinplay.aspx?id=23301Friday, August 18, 2017

11:40 AM EST - Acceleware® Ltd. : Announced results for the three months ended June 30, 2017. Acceleware recognized revenue of $312,612 - 24% lower than the $410,318 recognized during the three months ended June 30, 2016. The Company had total comprehensive loss for Q2 2017 of $641,197, an increase of 75% compared to a total comprehensive loss of $366,532 for Q2 2016. Acceleware® Ltd. (V.AXE) shares were unchanged at 0.17.

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<![CDATA[Stocks in Play: Jaxon Minerals Inc.]]>Fri, 18 Aug 2017 09:52:58 ESThttp://baystreet.ca/articles/stocksinplay.aspx?id=23302Friday, August 18, 2017

11:41 AM EST - Jaxon Minerals Inc. : Has signed a definitive option agreement to acquire a 100% interest in the Foremore Property, located 30 km north of Eskay Creek and 75 km north of Pretium's Brucejack property in the Golden Triangle, northwest British Columbia. The Foremore Property extends north to Jaxon's 3,900-hectare Wishbone Property, expanding the Company's contiguous land holdings in the region to almost 20,000 ha. Jaxon has renamed the new consolidated property the More Creek Property. Jaxon Minerals Inc. (V.JAX) shares were up $0.025 at 0.41.

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<![CDATA[Stocks in Play: GreenSpace Brands Inc.]]>Fri, 18 Aug 2017 09:52:58 ESThttp://baystreet.ca/articles/stocksinplay.aspx?id=23303Friday, August 18, 2017

11:43 AM EST - GreenSpace Brands Inc. : Has signed a binding Share Purchase Agreement today to acquire all of the outstanding shares of The Cold Press Corp. GreenSpace Brands Inc. (V.JTR) shares were down $0.01 at 1.33.

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<![CDATA[Stocks in Play: Crown Point Energy Inc.]]>Fri, 18 Aug 2017 09:52:58 ESThttp://baystreet.ca/articles/stocksinplay.aspx?id=23304Friday, August 18, 2017

15:17 PM EST - Crown Point Energy Inc. : Today announced its operating and financial results for the three months ended June 30, 2017. All dollar figures are expressed in United States dollars unless otherwise stated. Oil and gas revenues totalled $4.009 million, compared to $3.778 million in the prior-year quarter. Net loss was $1,038,338, compared to $1,829,347. Crown Point Energy Inc. (V.CWV) shares were up $0.005 at 0.05.

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<![CDATA[Stocks in Play: Kane Biotech Inc.]]>Fri, 18 Aug 2017 09:52:58 ESThttp://baystreet.ca/articles/stocksinplay.aspx?id=23305Friday, August 18, 2017

15:18 PM EST - Kane Biotech Inc. : Has completed the second closing of its previously announced private placement offering of units at a price of $0.12 per Unit effective August 17. At the second closing, the Company issued 1,100,000 Units for aggregate gross proceeds of $132,000. Accordingly, the total number of Units sold by the Company at the first and second closings of the Offering was 34,504,997 for aggregate gross proceeds of $4,140,600. Kane Biotech Inc. (V.KNE) shares were up $0.01 at 0.16.

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<![CDATA[Stocks in Play: Empire Industries Ltd.]]>Fri, 18 Aug 2017 09:52:58 ESThttp://baystreet.ca/articles/stocksinplay.aspx?id=23306Friday, August 18, 2017

15:20 PM EST - Empire Industries Ltd. : Announced the closing of the New Executives Private Placement. Hao Wang, Brian Peebles, George Walker and Paul Poirier purchased an aggregate of 800,000 common shares in the capital of Company at a price of $0.53 per Common Share for gross proceeds of $424,000 pursuant to the private placement. Empire Industries Ltd. (V.EIL) shares were unchanged at 0.64.

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<![CDATA[Enbridge Inc. Continues Its Swoon]]>Fri, 18 Aug 2017 01:25:51 ESThttp://baystreet.ca/articles/stockstowatch.aspx?id=2093Friday, August 18, 2017

Enbridge Inc. Continues Its Swoon


As of 11:30AM on August 18 Enbridge Inc. (TSX:ENB)(NYSE:ENB) continued its steady week long decline. The stock has fallen 4% month over month and 12% in 2017 as slumping oil prices and complications involved with long term projects have created downward pressure. On August 3 Enbridge released its second quarter earnings which were posted at $919 million or $0.56 per share. Enbridge announced a quarterly dividend of $0.61 per share representing a dividend yield of 5%.

On August 16 it was reported that the Ontario government was in the process of rethinking its electricity transmission line which was awarded to Enbridge. This was due to rising costs associated with the project, up to an estimated $777.2 million which was up from the original estimate of $419 million. The government is reviewing its necessity in light of constraints placed on the government after it decided to foot the bill for a plan to reduce hydro costs for Ontario consumers.

As of this writing Enbridge is priced at $49.26 – down 0.71% on the last trading day of the week. The company still has many projects in the pipeline, including the Line 3 Pipe Replacement Program, the T-South natural gas pipeline expansion in British Columbia, as well as the T-North natural gas network. With oil prices taking a breather and Enbridge hurting from this news investors may want to take a look. The dividend is still attractive and analysts expect oil prices to show strength in the fall.

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<![CDATA[The Canadian Dollar Regains Strength As Manufacturers Take A Hit]]>Fri, 18 Aug 2017 01:23:52 ESThttp://baystreet.ca/articles/forex_trader.aspx?id=31873
Pressure has intensified in the wake of NAFTA negotiations that also began this week. The United States is signalling that it will not accept a mere tweak of the agreement. U.S. trade representative Robert Lighthizer has said that NAFTA has fundamentally failed many Americans and needs “major improvement”. The U.S. is telegraphing that it desires duty-free NAFTA products contain more products manufactured within the continent and more specifically within the United States.

Canada has defended NAFTA as an economic success and has defended the idea that only cosmetic changes are required. A Canadian dollar hovering over the $0.80 mark, combined with concession forced on Canadian manufacturers to cede to American demands could do major damage to railway and manufacturing stocks. The hope is that the intertwined economies of the U.S. and Canada will give the Trump administration pause before issuing harsh demands that could do long term damage up north. ]]>
<![CDATA[Gap Reports Beat on Q2 Earnings]]>Fri, 18 Aug 2017 03:48:00 ESThttp://www.baystreet.ca/articles.aspx?id=38272Peck continued, “As we continue to focus on long-term growth, we are accelerating our strategies that put the customer at the center of everything we do – including a focus on product categories where we have clear differentiation, continued investment in our online and mobile offerings, and taking advantage of our operating scale to drive speed to market, responsiveness to customer demands and efficiency.”

Net sales for the second quarter of fiscal year 2017 were $3.80 billion compared with $3.85 billion for the second quarter of fiscal year 2016.

Moreover, Gap updated its reported diluted earnings per share guidance for fiscal year 2017 to be in the range of $2.12 to $2.20.

Just before Friday’s closing bell, shares in the GAP were up nearly eight cents to $22.76, within a 52-week trading range of $21.02 to $30.74.
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<![CDATA[Record Results Propel Applied Materials up Stock Charts]]>Fri, 18 Aug 2017 03:37:58 ESThttp://www.baystreet.ca/articles.aspx?id=38271The company grew net sales by 33% to $3.74 billion; increased gross margin by 3.1 points to 45.4% grew operating margin by 6.2 points to 27.3%; and increased earnings per share (EPS) by 85% to 85 cents.

Applied also reported that, on a non-GAAP adjusted basis, it increased gross margin by 2.9 points to 46.6%, grew operating margin by 5.9 points to 28.7%, and increased EPS by 72% to 86 cents.

The company generated a record $1.37 billion in cash from operations, which represented 36% of revenue, and returned $482 million to shareholders through stock repurchases and cash dividends.

To quote CEO Gary Dickerson, “With revenue and profits at all-time highs, Applied has tremendous momentum and a very positive outlook for the future.

“Our markets are growing with a broader set of demand drivers, and the breadth of Applied’s technology enables us to play a larger and more valuable role advancing the innovation roadmap in semiconductor and display.”

The company adds that, In the fourth quarter of fiscal 2017, Applied expects net sales to be in the range of $3.85 billion to $4.0 billion; the midpoint of the range would be an increase of about 19%, year over year.

Applied shares neared the end of trading for the week at $44.38, up $1.26, or 2.9%, from Thursday’s close.
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<![CDATA[OPKO, with Backing from CEO, Climbs on Friday Markets]]>Fri, 18 Aug 2017 11:32:53 ESThttp://www.baystreet.ca/articles.aspx?id=38270<![CDATA[Ross Reports Big Q2 Results, Shares Bounce]]>Fri, 18 Aug 2017 10:37:58 ESThttp://www.baystreet.ca/articles.aspx?id=38269“For the fourth quarter ending February 3, 2018, we are also forecasting same store sales to grow 1% to 2% versus a strong 4% increase last year, with earnings per share expected to be $.88 to $.92, up from $.77 in the 2016 fourth quarter.”

Ross shares catapulted $5.51, or 10.3%, to $58.84, in the first hour of trade Friday.
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<![CDATA[Benzinga Fintech Summit Adds DocuSign Chairman Keith Krach, Prosper President Emeritus Ron Suber, Ripple Executive Chairman Chris Larsen And Others To List Of Speakers]]>Thu, 17 Aug 2017 04:02:37 ESThttp://www.baystreet.ca/articles.aspx?id=38268
These leaders all pioneered what is now known as fintech in their careers long before the term came into vogue, and will share insights learned from building the first wave of fintech to a new generation of startup entrepreneurs.

Other previously unannounced speakers include noted former Apple analyst Gene Munster, Acorns Chief Commercial Officer Manning Field, MyVest CEO Anton Honikman and Affirm Chief Risk Officer Rob Pfeifer.

Benzinga also announced this week that tickets to the event, which is dedicated to recognizing outstanding innovation in financial technology specific to the capital markets and artificial intelligence, are on sale at the $327 price point.

A ticket to the Benzinga Fintech Summit is more than just an entry pass: Attendees will have the opportunity to network with Founders, C-Suite executives, directors of the newest and hottest FinTech companies, brokerages, banks, quants, hedge funds, VCs, and more. Attendees will experience live demos from fast-growing tech startups, incredible networking opportunities, panels and acclaimed keynote speakers.

A limited number of early-bird tickets to the event remain, so be sure to grab yours at BZSummit.com.

Savvy event-goers will keep their eyes glued to the Benzinga Fintech Awards Twitter account @BenzingaEvents and the Benzinga Fintech Focus newsletter for deals and promotions.

This isn't Benzinga's first fintech event. The company has put on three installments of the massively successful Benzinga Global Fintech Awards—in 2017 alone, over 250 companies applied to the event and over 110 became finalists. 750 attendees rubbed shoulders with leaders of buzzed-about fintech startups and institutional executives in an intimate environment.

Benzinga fintech events are well-known for their off-the-wall approach to fintech and unique programming. The the 2017 Benzinga Global FinTech Awards saw a musical performance from Kevin O'Leary himself as well as talks by Fidelity President Kathleen Murphy, TD Ameritrade CEO Tim Hockey and former Prosper president Ron Suber. The 2016 Benzinga Global Fintech Awards featured former New York Giant Tiki Barber and Gerson Lehrman Group founder Mark Gerson talk about monetizing athletes and financial innovation.

This year, the event will focus on the changing face of the financial services industry and the future of how people interact with their money, the future of the lending industry, the impact of AI technology on financial services white-collar jobs and how to fight inherent biases when designing machine learning algorithms, with perspectives from the New York banking and San Francisco fintech industries represented.

Media Information:

Spencer White
events@benzinga.com (for media email inquiries please put "MEDIA" at the beginning of the subject line)
313-723-2000

About Benzinga

Benzinga is a leading originator of actionable financial insights for traders and investors. Benzinga's news desk is constantly breaking stories and moving billions of dollars of market capitalization through its real-time terminal, Benzinga Pro. Benzinga's original content is syndicated to 70 partner websites, such as Yahoo! Finance, MSN, CNNMoney, Fox Business, Marketwatch, and more. Benzinga is the leading provider of news to the North American brokerage community, with a client list including TD Ameritrade, LightSpeed, TradeKing, and many more. The company is headquartered in downtown Detroit and dedicated to driving Detroit's renaissance. For more information, check out Benzinga.com, Cloud.Benzinga.com and Pro.Benzinga.com.
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<![CDATA[Alibaba Enjoys Higher Share Price on Q1 Results]]>Thu, 17 Aug 2017 03:44:23 ESThttp://www.baystreet.ca/articles.aspx?id=38267<![CDATA[Lakeland Pummeled by Q2 Prelim Numbers, Secondary Offering ]]>Thu, 17 Aug 2017 03:24:04 ESThttp://www.baystreet.ca/articles.aspx?id=38266<![CDATA[Cisco Out with Q4 Results, Shares Trail ]]>Thu, 17 Aug 2017 11:47:26 ESThttp://www.baystreet.ca/articles.aspx?id=38265The San Jose-based company reported fourth-quarter revenue of $12.1 billion, net income on a generally accepted accounting principles (GAAP) basis of $2.4 billion or $0.48 per share, and non-GAAP net income of $3.1 billion or $0.61 per share. However, the company projects Q1 sales to drop 1percent to 3% year-over-year.

On a GAAP basis, net income was $9.6 billion and EPS was $1.90. On a non-GAAP basis, net income was $12.1 billion, flat compared to fiscal 2016, and EPS was $2.39, an increase of 1%.

For the fourth quarter of fiscal 2017, Cisco repurchased approximately 38 million shares of common stock under its stock repurchase program at an average price of $31.61 per share for an aggregate purchase price of $1.2 billion. For the full fiscal year, Cisco repurchased approximately 118 million shares of common stock under its stock repurchase program at an average price of $31.38 per share for an aggregate purchase price of $3.7 billion

Cisco CEO Chuck Robbins said, “We had another strong quarter and a transformative year. We made tremendous progress transitioning our business to more software and recurring revenue and delivered on our commitment to accelerate innovation in our core and across the portfolio.

"The network has never been more critical to business success and we are building the network of the future."

Cisco shares approached noon ET Thursday behind Wednesday’s close by $1.15, or 3.5%, to $31.19.
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<![CDATA[Wal-Mart Beats in Q2, Shares Pummeled ]]>Thu, 17 Aug 2017 09:56:30 ESThttp://www.baystreet.ca/articles.aspx?id=38264Fresh digital initiatives and a growing assortment of products on Walmart.com aided the retailer in boosting online transactions by 60%. Last quarter, e-commerce sales climbed 63%, compared to 29% growth in the prior quarter.

Although many retailers are struggling to draw shoppers in, Wal-Mart posted same-store sales growth at its U.S. locations for the 12th consecutive quarter, fueled by traffic growth of 1.3%.

Here's what Wal-Mart reported compared to what Wall Street was expecting.

Earnings of $1.08 a share, adjusted, compared with a forecast profit of $1.07 per share; revenue was $123.36 billion versus an estimate of $122.84 billion; same-store sales for U.S. stores, excluding fuel, climbed 1.7%, matching expectations.

One weakness for Wal-Mart this quarter was that profit margins fell slightly due to heavier promotions.

The retailer has been investing heavily to keep its prices competitive in order to defend its market share from Amazon and other rivals. It also is investing heavily in bulking up its online operations. These moves are yielding results.

The Bentonville, Arkansas-based retailer said it earned 96 cents per share during the period. Excluding one-time charges, the company earned $1.08 a share.

Wal-Mart's total sales climbed 2.1% from a year ago, to $123.36 billion. This consisted of 3.3% sales growth at Wal-Mart U.S. stores, a 1% decline in revenues for Wal-Mart's international business, and 2.3% growth across Sam's Club.

Shares sank $2.37, or 2.9%, early Thursday morning to $78.61
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<![CDATA[Target on-Target in Q2 ]]>Wed, 16 Aug 2017 03:48:53 ESThttp://www.baystreet.ca/articles.aspx?id=38263