Baystreet.ca RSS Feed http://www.baystreet.ca/rss/MasterRSS.aspx en-us Copyright (c) 2017 Baystreet.ca Inc. All rights reserved. 5/22/2017 9:14:42 PM <![CDATA[Northern Blizzard "SECTOR PERFORM"]]>Fri, 19 May 2017 11:59:00 ESThttp://baystreet.ca/articles/analyst_ratings.aspx?30517<![CDATA[Gold Could Gain Most in 5 Wks. ]]>Fri, 19 May 2017 09:28:00 ESThttp://baystreet.ca/articles/commodities.aspx?id=1016Friday, May 19, 2017


Gold Could Gain Most in 5 Wks.


Prices for gold improved on Friday and appeared on track for their best week in five as the U.S. dollar softened on political turbulence at home, boosting bullion's safe-haven appeal, as President Trump embarked on his first series of foreign visits.

Spot gold was up 0.5% at $1,253.21 U.S. per ounce. It climbed 1.9% for the week while U.S. gold futures slipped 0.03% to $1,253.20 U.S. an ounce.

Gold is often seen as an alternative investment during times of geopolitical and financial uncertainty, gaining alongside bond yields and the Japanese yen while stocks usually take a hit.

The dollar index, measuring the greenback against a basket of six major currencies, was headed for its worst week in nine months while world stocks were set for the first weekly fall in five weeks.

Among other precious metals, silver climbed 1.7% to $16.82 U.S. an ounce. Both metals were headed for their strongest week since mid-April, while platinum rose 0.6% to $937.20 U.S. an ounce.

Palladium gained 0.5% to $765.50 U.S. per ounce. The metal slipped 5% this week, poised for its biggest weekly fall since late January.

]]>
<![CDATA[Who Will Lead The Transportation Transformation?]]>Mon, 15 May 2017 11:44:00 ESThttp://baystreet.ca/articles/techinsider.aspx?id=814Monday, May 15, 2017

Who Will Lead The Transportation Transformation?


A moment of truth is at hand, not just for Tesla, not just for electric vehicles, but for transport generally. It is by no means clear that Tesla will ever earn any money, real money, the kind of money that makes your market cap worthy of industry leadership. Earnings matter and the time has come for Tesla to produce the goods, not just the Model 3.

The good news is that even if Tesla were to go out of business (which is neither a prophecy nor a preference) EVs are going to replace internal combustion engine autos; the only question is when? I like to think it will happen by 2030, hence: 0 to 60 in 15 Years (where 60 is percent-market-share). This claim is not as ridiculous as it sounded a year or so ago. Indeed, Bloomberg New Energy Finance just published the illuminating prediction above at their annual conference.

Furthermore, "[a] report by the Center for Automotive Research at the University of Duisberg-Essen in Germany predicts the market for new cars in China will exceed 30 million vehicles a year by 2025 and it expects EV sales to make up 30 percent of that figure.". U.S. sales are currently running around 17 million units per.

When a company is not earning money its share price is determined in large measure by psychological factors; hope and fear both get their chance to weigh in on the price (24 hours a day). However, Tesla shares, without earnings, could just as easily trade at 50 or 60 as they do at 300 or 350. Amazon has amazingly been able to take over the world without making much money, but delivering cars at $35,000 to $100,000 or so is rather different from delivering $35 books. It is a lot easier to scale books than cars. But CEO Elon Musk doesn't seem worried: "I don't know anything that would prevent us from starting production in July and exceeding 5,000 units a week by the end of the year."

It will be a remarkable achievement if Tesla can produce half a million cars in a year, at a price point near the new car average ($35,000 U.S.) and make money, but that is what the share price seems to be telling us. Is it priced for perfection? "A flawless launch of the Model 3 is critical to the company's future success," said Jack R. Nerad, an analyst with the auto-research firm Kelley Blue Book.

We are about to find out. American entrepreneurs are not altogether unfamiliar with remarkable achievements in auto production. Will Tesla ever get to 15 million units? When will that be? What will its share price look like along the way?

The Ultimate Mobile Device

The word itself, auto-mobile means self-moving, just like a horse. Finally, after 109 years (the Model T rolled out in 1908) engineers are about to get it right. Now we will see if the courts and regulators can too. With or without electricity, the autonomy genie has broken through the eggshell and is about to hop out onto the stage.

RMI asks the key question: How safe are self-driving cars? At this stage of the game, the answer seems to be 'pretty darn safe,' except when they are hit by cars driven by humans, many of whom have had a bit too much to drink. On the bright side, sales of liquor after midnight should skyrocket once autonomous vehicles can get you home safely assuming the locks have not been changed (which would be a boon to the hotel trade). In fact, driverless cars are becoming child's play; they almost have to.

But what happens when machines make decisions and something goes wrong? Who is responsible? Who pays? The great Oliver Wendell Holmes wrote: "The prophecies of what the courts will do in fact, and nothing more pretentious, are what I mean by the law." (The Path of the Law, Harvard Law Review, 1897.) In unsettled matters, when important new technology comes on the scene, the courts decide the new rules of the game (which is why Buick had to pay Mr. MacPherson a hundred years ago).

The case of Waymo LLC v. Uber Technologies Inc. (17-00939, U.S. District Court, Northern District of California -- San Francisco), naturally comes to mind. Waymo used to be known as Google's Self Driving Car program. (Google, Waymo and Alphabet are all names for the same team.) In Federal Court, Alphabet has claimed that Uber's driverless project relies on trade secrets taken by an engineer Uber recruited who once worked for them (Google). They claim he took 14,000 files when leaving the company to start his own (called Otto); that start-up was acquired by Uber for $680 million.

Bloomberg calls the case "a showdown that may decide who controls key technology in the race to market autonomous vehicles -- a business that both companies believe will be worth hundreds of billions or even trillions of dollars a year." Nor do they underestimate what may be at stake for 'the world's most valuable start-up'. "Uber [CEO] Travis Kalanick calls driverless cars an 'existential' necessity for his company. If he's right, Uber can't afford to lose in its court fight with rival Waymo."

Whatever the courts decide (an update on the case can be found here), there are other players working on the key LIDAR technology that makes it possible for the car to "see" what is going on around it. LIDAR is an acronym for Light Detection and Ranging. (It is analogous to RADAR – Radio Detection and Ranging).

Is a worldwide fleet of autonomous EVs running on renewable power merely a millennial socialist fantasy? ( Sunshine, Megawatts, and Windmills everywhere -- with apologies to the estate of Lesley Gore.) Is never ending production growth from oil wells to feed the next two billion gas burning cars a free market delusion? (Is CO2 really 'free'?) Which is closer to the truth?

On your spreadsheet, what will the market share of EVs be over the next twenty years? What percent of the rising generations will own their own cars (ie, the autonomous market)? What percent of electricity will be renewable? When will world auto demand peak? (Will it ever?) Knowing those four variables will cast much light on other ones that are growing in the shade of these great and strengthening forces.

Smarter than a Box of Rocks

It would be ironic if Elon Musk's wealth and legacy were preserved and passed on for generations, not because he built great electric cars or because he set a colony firmly on the surface of Mars (Elontown), but rather, because he had the best box of rocks, the terrestrial kind: Lithium, element number three. These little boxes, make that batteries (mostly cylindrical), will determine the pace of the EV rollout as the correlation between the price, as measured in fewer dollars per kilowatt-hour, and the time it takes for EVs to rule the world is sure to be very high.

Muskpad Number One – Do these scale?

Even if Tesla can't make money building cars, it may turn out that most of the money is to be made selling batteries, and not just for cars. One of the most remarkable business decisions in recent history (if not ever) was made by Andrew Grove and Gordon Moore, the CEO and Founder of Intel, to abandon a technology they invented, memory devices, and bet the company (arguably the most important company in the world over the last 50 years) on microprocessors. It turned out to be a good bet. (It also didn't hurt that the other Founder, Robert Noyce, mentor to Steve Jobs, invented the integrated circuit.)

Above and beyond filling up EVs, batteries have already started to matter at the grid level. California responded admirably and quickly to a crisis which developed in the wake of a leak at the Aliso Canyon gas storage facility near LA, which constricted fuel supplies throughout the region. (And you didn't think gas was intermittent.)

According to UtilityDive: "Fearing blackouts, the California Public Utilities Commission quickly mandated a series of mitigation measures, including an expedited procurement for local energy storage resources. The more renewable energy that can be stored during the day, the reasoning went, the less need to fire up fossil fuel generators as electricity demand increases in the evening."

Some utility executives already talk in glowing terms about the long-term effects of low cost battery storage systems. At the 2015 Energy Storage North America conference, the utility's chief development officer Jim Avery captured the attention of the industry by dreaming of a future "where there will be no more gas turbines." While it won't happen overnight, Avery said "long-duration storage could eventually obviate the need for natural gas peaker plants that today help integrate variable renewables."

Of course, if the Martians land here first, and look around, they may be forgiven for thinking that cars are the most important life form on this planet. They would notice (in the USA, anyway) that the biggest room in most buildings is the garage. They would also notice massive structures in cities filled with these creatures. Clearly, the shiny metal objects stored in the great room, and well attended by two-legged creatures that serve them faithfully, have godlike status (which isn't far from the truth).

The cars come in all shapes, sizes and colors; the attendants pretty much all look alike. (Occasionally, smaller four-legged creatures jump into them, but it is not clear what their function is, other than possibly to provide irrigation when they emerge.) The good news, from the Martian perspective, is that at least some of these enlightened beings are drawing energy from the sun, via silicon on the rooftop. Maybe there is intelligent life on Earth after all.

"Greetings, Earthling. We come in peace."

By Henry Hewitt of Oilprice.com

]]>
<![CDATA[Economic Calendar]]>Mon, 22 May 2017 09:14:42 ESThttp://baystreet.ca/articles/econ_calendar.aspx?id=18125May 2017
 

DATE

STATISTIC FOR CURRENT MONTH PREVIOUS MONTH
Monday, May 01, 2017 Markit Canada Manufacturing PMI: 9:30am Apr At 55.9 in April, up from 55.5 in March, the seasonally-adjusted Manufacturing Purchasing Managers’ Index registered above the 50.0 no-change threshold for the 14th month running. The seasonally-adjusted Markit Canada Manufacturing Purchasing Managers’ Index™ rose to 55.5 in March from 54.7 in February, to remain above the crucial 50.0 no-change value for the 13th consecutive month.
Thursday, May 04, 2017 Canadian International Merchandise Trade: 8:30am Mar Canada's merchandise trade balance with the world posted a $135-million deficit in March. Exports rose 3.8% while imports were up 1.7%. Canada's merchandise trade balance with the world posted a $972-million deficit in February. Exports were down 2.4% while imports edged up 0.6%.
Friday, May 05, 2017 Labour Force Survey: 8:30am Apr Employment was little changed in April, while the unemployment rate declined 0.2 percentage points to 6.5%, the lowest rate since October 2008. Employment was little changed in March (+19,000 or +0.1%), while the unemployment rate rose 0.1 percentage points to 6.7% as more people searched for work.
Friday, May 05, 2017 IVEY Purchasing Managers Index: 10:00am Apr The index jumped in April to 62.4, compared to 61.1 in March and 53.1 in April 2016 The index ballooned to 61.1 in March from 55 in February and 50.1 in March 2016.
Monday, May 08, 2017 Housing Starts: 8:15am Apr Canada Mortgage and Housing Corporation reported that housing starts trended higher at 213,768 units in April, compared to 210,702 units in March Canada Mortgage and Housing Corporation reported that the seasonally-adjusted annual rate of housing starts rose to 253,720 units in March, topping economists' forecasts for 215,000. February was revised slightly higher to 214,253 units.
Tuesday, May 09, 2017 Building Permits: 8:30am Mar The value of building permits issued by Canadian municipalities fell 5.8% to $7.0 billion in March, marking a second consecutive monthly decrease. Canadian municipalities issued $7.5 billion worth of building permits in February, down 2.5% from January.
Thursday, May 11, 2017 New Housing Price Index: 8:30am Mar The New Housing Price Index rose 0.2% in March compared with the previous month. The New Housing Price Index rose 0.4% in February compared with the previous month.
Monday, May 15, 2017 CREAstats - MLS Sales: 8:30am Apr The Canadian Real Estate Association reported that resales of Canadian homes fell 1.7% in April from record highs in March as new listings spiked. CREA said actual sales, not seasonally-adjusted, were down 7.5% from April 2016, while home prices were up 19.8% from a year ago, according to the group's home price index. The Canadian Real Estate Association reported re-sales of Canadian homes rose 1.1% in March from February and prices were up 18.6% from a year earlier as strong demand in Toronto offset cooling elsewhere.
Wednesday, May 17, 2017 Monthly Survey of Manufacturing: 8:30am Mar Manufacturing sales increased 1.0% to a record $53.9 billion in March, reflecting higher sales in the transportation equipment and food industries. Manufacturing sales edged down 0.2% in February to $53.6 billion, following three consecutive monthly increases.
Thursday, May 18, 2017 Employment Insurance: 8:30am Mar In March, 551,100 people received regular Employment Insurance benefits, down 2,900 or 0.5% from February. The number of regular Employment Insurance (EI) beneficiaries fell by 11,700 (-2.1%) to 554,200 in February over January
Thursday, May 18, 2017 Canada's International Transactions in Securities: 8:30am Mar Foreign investment in Canadian securities amounted to $15.1 billion in March, largely in Canadian corporate instruments. At the same time, Canadian investors added $15.4 billion of foreign securities to their holdings, led by acquisitions of U.S. equities. Foreign investment in Canadian securities reached a record high $38.8 billion in February, led by the issuing of new Canadian shares to non-resident investors. At the same time, Canadian investors acquired $6.3 billion of foreign securities, mainly U.S. instruments.
Friday, May 19, 2017 Consumer Price Index: 8:30am Apr The Consumer Price Index rose 1.6% on a year-over-year basis in April, matching the increase in March. On a seasonally adjusted monthly basis, CPI was up 0.5% in April, after decreasing 0.2% in March. The Consumer Price Index rose 1.6% on a year-over-year basis in March, following a 2.0% increase in February. On a seasonally adjusted monthly basis, the Consumer Price Index was down 0.2% in March, after decreasing 0.3% in February.
Friday, May 19, 2017 Retail Trade: 8:30am Mar Following a 0.4% decline in February, retail sales rose 0.7% in March to $48.3 billion, on the strength of higher sales at motor vehicle and parts dealers. Sales were up in six of 11 sub-sectors, representing 53% of total retail trade. Retail sales declined 0.6% to $47.8 billion in February, following a 2.3% increase in January.
Tuesday, May 23, 2017 Wholesale Trade: 8:30am Mar --- Wholesale sales edged down 0.2% to $58.9 billion in February, following four consecutive monthly increases.
Wednesday, May 24, 2017 BoC rate announcement: 10:00am --- --- As expected, the Bank of Canada maintains an overnight rate target at 0.5%. The central bank also announced that the bank rate is correspondingly 0.75% and the deposit rate is 0.25%
Thursday, May 25, 2017 Average Weekly Earnings Mar --- Average weekly earnings of non-farm payroll employees were $968 in February, little changed from January and up 1.5% from 12 months earlier.
Tuesday, May 30, 2017 Industrial Product Price Index: 8:30am Apr --- The Industrial Product Price Index rose 0.8% in March, mainly due to higher prices for motorized and recreational vehicles and primary non-ferrous metal products.
Tuesday, May 30, 2017 Raw Materials Price Index: 8:30am Apr --- The Raw Materials Price Index decreased 1.6%, primarily due to lower prices for crude energy products.
Wednesday, May 31, 2017 GDP: 8:30am Mar --- Gross domestic product was unchanged in February following three months of growth.
]]>
<![CDATA[Inflation Steady in April ]]>Fri, 19 May 2017 09:04:00 ESThttp://baystreet.ca/articles/economiccommentary.aspx?id=1860Inflation Steady in April


Consumer prices were fairly static in April, according to figures released Friday morning by Statistics Canada. The consumer price index held steady at 1.6% last month, as energy got more expensive but food got cheaper.

The nation's number crunchers reported Friday that gasoline prices bolted higher 9.5% for the month, partly due to supply disruptions at oil refineries, as they changed over to summer fuel blends.

For the year as a whole, pump prices were nearly 16% higher in April than they were in 2016.

On the opposite end of the spectrum, food prices swooned 1.1% over the same period.

Aside from food, clothing and footwear was the only sector to see prices drop in the past year, and they did so 2%.

]]>
<![CDATA[Asia Trades Cautiously After N.A. Gains ]]>Fri, 19 May 2017 07:55:00 ESThttp://baystreet.ca/articles/foreignmarketwrap.aspx?id=2625Friday, May 19, 2017

Asia Trades Cautiously After N.A. Gains


Asian markets traded somewhat uncertainly on Friday, following a higher lead from Wall Street as markets in the U.S. took a breather after their worst day of the year.

The Nikkei 225 recovered 36.9 points, or 0.2%, to 19,590.76,

Hong Kong’s Hang Seng Index hiked 38.35 points, or 0.2%, to 25,174.87

In corporate news, Japan's Toshiba was back in the spotlight on news that state-backed fund Innovation Network Corp of Japan (INCJ) would sell a fifth of its shares in Renesas Electronics ahead of the sale of Toshiba's chip unit. The move would add to the coffers of INCJ, which is expected by market watchers to bid for Toshiba's memory chip unit. Shares of Toshiba ended the session 3.3%higher at 232.5 yen a share.

Meanwhile, Bain Capital's bid for Toshiba's memory chip arm is likely to leave a stake of the unit in the hands of Toshiba, according to media reports.This stake could possibly be controlled by the Japanese conglomerate or INCJ.

Japanese automakers also made the headlines, with Toyota, Subaru and Mazda agreeing to settle a lawsuit over their use of faulty Takata airbags. Toyota shares ended 0.6% higher, Mazda Motor added 1.4% and Subaru shares closed up by 0.3%

Shares of automotive parts maker Takata surged 20.3% on the back of news of the settlement to end at 475 yen a share.

The U.S. dollar-yen pairing also recovered to trade at 111.45, off the low of 110.51 seen in the previous session.

Australian markets were down, largely driven by their financials and industrials sub-indexes.

ANZ ending the session down by 1.9% at A$28.50 a share. Westpac tumbled 1% to A$30.85 a share and AMP declined 1% to finish at A$5.08.

In other markets

Shanghai’s CSI 300 gained 5.74 points, or 0.2%, to 3,403.85

In Taiwan, the Taiex Index fell 21.83 points, or 0.2%, to 9,947.62

In Korea, the Kospi index inched up 1.66 points, or 0.1%, to 2,288.48

In Singapore, the Straits Times Index slipped 4.74 points, or 0.2%, to 3,216.92

In New Zealand, the NZX 50 gained 20.35 points, or 0.3%, to 7,392.11

In Australia, the ASX 200 let go of 10.9 points, or 0.2%, to 5,727.41



]]>
<![CDATA[Trump Biggest Agent of Economic Doubt: Survey]]>Fri, 19 May 2017 09:09:00 ESThttp://baystreet.ca/articles/globalmarkets.aspx?id=1855When it concerns economic uncertainty, the election of Donald Trump as U.S. president has been more tumultuous than the 1987 stock market crash and the 2008 financial crisis.

The Economic Policy Uncertainty Index shows Trump's election stands as the third-biggest source of uncertainty in the index's 30-plus-year history, eclipsed only by the 9/11 terrorist attack and the battle over the fiscal cliff in 2011 in terms of generating doubt about future economic policy.

While the EPU index -- which was devised by economists from Stanford and Northwestern Universities and the University of Chicago — has come off its high from the November election, it remains elevated, coming in month after month of the Trump presidency well above its long-run average.

The index measures the occurrence in newspaper articles of words related to economic uncertainty and politics, including the Federal Reserve, Congress and the White House, and has accurately pointed out the moments of major economic turmoil of the past three decades.

The index's creators do not argue that it means recession necessarily follows. They only say there is a measurable economic effect from uncertainty and urge lawmakers to keep that in mind as they make decisions, for example, to shut down the government over deficit battles.

]]>
<![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]]><![CDATA[TSX up 100-Plus to Head into Long Weekend ]]>Fri, 19 May 2017 04:26:00 ESThttp://baystreet.ca/articles/marketupdates.aspx?id=6245Friday, May 19, 2017

16:26 PM EST
TSX up 100-Plus to Head into Long Weekend

Energy, Materials Lead Gainers



Stocks recovered Friday from Wednesday’s market meltdown with triple-digit gains, mostly on the back of energy stocks.

The S&P/TSX Composite Index galloped 181.26 points, or 1.2%, to end the day and the week at 15,458.46

The Canadian dollar hiked 0.52 cents to 74 cents U.S.

Markets in Canada will be closed Monday for Victoria Day.

The energy group climbed, with Encana Corporation darting higher 61 cents, or 4.2%, to $15.29, while Crescent Point Energy hiked 46 cents, or 3.6%, to $13.36. Oil and gas producers were partly bolstered by higher oil prices, which were headed towards its second week of gains

Potash Corp advanced 82 cents, or 3.8%, to $22.44 as the fertilizer producer's chief executive said a change in SQM's governance that gave Potash greater influence, did not reflect its intent to raise its stake in the Chilean lithium producer.

Elsewhere among materials issues, First Quantum Minerals rocketed 54 cents, or 4.7%, to $12.10.

In the tech field, Tecsys Inc. climbed 39 cents, or 2.9%, to $13.64, while BlackBerry acquired 27 cents, or nearly 2%, to $14.03.

Only the health-care sector fell behind, as Valeant Pharmaceutical lost two cents to $18.34, while Canopy Growth docked a penny to $8.09.

Economically speaking, Statistics Canada reported this country’s consumer price index gained 1.6% on a year-over-year basis in April, matching the increase in March. On a seasonally-adjusted monthly basis, CPI was up 0.5% in April, after decreasing 0.2% in March.

Elsewhere, retail sales rose 0.7% in March to $48.3 billion, following a 0.4% decline in February, and on the strength of higher sales at motor vehicle and parts dealers. Sales were up in six of 11 sub-sectors, representing 53% of total retail trade.

ON BAYSTREET

The TSX Venture Exchange gained 6.02 points to 806.90

All but one of the 12 TSX subgroups were higher on the day, as energy gushed 2.3%, materials were better by 1.2%, and information technology clicked 0.9% higher.

The lone laggard was in health-care, down 0.1%.

ON WALLSTREET

U.S. equities traded higher on Friday as concerns about Donald Trump's presidency recede for the time being.

The Dow Jones Industrials Average strengthened 141.82 points to 20,804.84, with Caterpillar outperforming and Johnson & Johnson lagging.

The S&P 500 vaulted 16.01 points to 2,381.73, with industrials leading all 11 sectors higher, as shares of Deere rose 7.3% after posting quarterly results that easily beat expectations.

The NASDAQ jumped 28.57 points to 6,083.70.

Among companies also reporting earnings were Foot Locker and Campbell Soup Company

Trump made his first trip overseas since taking office on Friday, first traveling to Saudi Arabia, which is planning to buy billions of dollars worth of U.S. arms.

Stocks suffered their biggest pullback of the year earlier this week after news that former Federal Bureau of Investigation Director James Comey put together a memo on a conversation with Trump. In this conversation, Trump allegedly asked Comey to stop investigating former National Security Adviser Michael Flynn.

In economic news, there were no major data released Friday. However, St. Louis Federal Reserve President James Bullard said the central bank's plans to raise rates may be too fast.

Prices for the benchmark 10-year Treasury note regained lost ground, lowering yields back to Thursday’s 2.23%. Treasury prices and yields move in opposite directions.

Oil prices gained 99 cents at $50.34 U.S. a barrel

Gold prices heightened $2.20 at $1,255.00 U.S. an ounce.





]]>
<![CDATA[Stocks in Play: Castle Silver Resources Inc.]]>Fri, 19 May 2017 10:11:31 ESThttp://baystreet.ca/articles/stocksinplay.aspx?id=22709Friday, May 19, 2017

10:11 AM EST - Castle Silver Resources Inc. : Has closed the first tranche of a strategic private placement, raising gross proceeds of $500,000. The Company issued 2,500,000 units at a price of $0.20 per unit and expects to soon close a second and final tranche of up to an additional $250,000. Castle Silver Resources Inc. (V.CSR) shares were unchanged at 0.25.

]]>
<![CDATA[Stocks in Play: Descartes Systems Group]]>Fri, 19 May 2017 10:11:31 ESThttp://baystreet.ca/articles/stocksinplay.aspx?id=22710Friday, May 19, 2017

10:12 AM EST - Descartes Systems Group : Has acquired ShipRush, a leading provider of e-commerce multi-carrier parcel shipping solutions for small-to medium-sized businesses (SMBs). U.S.-based ShipRush helps e-commerce SMBs and omni-channel retailers execute parcel shipments for last-mile delivery to customers. Descartes Systems Group (T.DSG) shares were up $0.37 at 32.23.

]]>
<![CDATA[Stocks in Play: Renaissance Gold Inc.]]>Fri, 19 May 2017 10:11:31 ESThttp://baystreet.ca/articles/stocksinplay.aspx?id=22711Friday, May 19, 2017

10:13 AM EST - Renaissance Gold Inc. : Reports that Coeur Mining, Inc. has advised the Company that it is withdrawing from the exploration and earn-in agreement dated February 24, 2016, concerning the Arabia exploration property located in Pershing County, Nevada. Assay results from the recently concluded reverse circulation drilling program failed to meet their minimum investment criteria to continue. The Arabia property comprises 59 unpatented mining claims, 12 patented mining claims (seven of which are owned by the Company), and 299 acres of leased fee land all totalling in excess of 1,700 acres (688 hectares). Renaissance Gold Inc. (V.REN) shares were down $0.04 at 0.33.

]]>
<![CDATA[Stocks in Play: Chesswood Group Limited]]>Fri, 19 May 2017 10:11:31 ESThttp://baystreet.ca/articles/stocksinplay.aspx?id=22712Friday, May 19, 2017

10:14 AM EST - Chesswood Group Limited : Announced today a cash dividend of $0.07 per share for the month of May. The dividend will be payable to shareholders of record at the close of business on May 31, and will be paid on June 15. Chesswood Group Limited (T.CHW) shares were up $0.05 at 12.75.

]]>
<![CDATA[Stocks in Play: McCoy Global Inc. ]]>Fri, 19 May 2017 10:11:31 ESThttp://baystreet.ca/articles/stocksinplay.aspx?id=22713Friday, May 19, 2017

10:16 AM EST - McCoy Global Inc. : Announced that it has received approval from the Toronto Stock Exchange to undertake a proposed normal course issuer bid to purchase up to 1,385,212 common shares, representing approximately 5% of the issued and outstanding common shares of McCoy. McCoy Global Inc. (T.MCB) shares were unchanged at 1.96.

]]>
<![CDATA[Stocks in Play: Ritchie Bros. Auctioneers ]]>Fri, 19 May 2017 10:11:31 ESThttp://baystreet.ca/articles/stocksinplay.aspx?id=22714Friday, May 19, 2017

10:37 AM EST - Ritchie Bros. Auctioneers : Held its second Fort Worth, Texas auction of the year this week, selling 3,800+ items over two days for $41+ million U.S. More than 4,250 people from 59 countries registered to bid in the May 17 – 18 auction, including 2,900+ bidders participating online. U.S. buyers purchased 92% of the equipment, including 45% purchased by Texas buyers. International buyers from as far away as India, Thailand, and the United Arab Emirates purchased eight percent of the equipment. Ritchie Bros. Auctioneers (T.RBA) shares were down $0.31 at 42.77.

]]>
<![CDATA[Stocks in Play: Computer Modelling Group Ltd.]]>Fri, 19 May 2017 10:11:31 ESThttp://baystreet.ca/articles/stocksinplay.aspx?id=22715Friday, May 19, 2017

10:38 AM EST - Computer Modelling Group Ltd. : Reported its financial results for the fiscal year ended March 31, 2017. Revenues came in at $75 million, compared to $80.7 million in the prior-year. Net income for the fiscal year was $24.2 million, compared to $25.3 million. Computer Modelling Group Ltd. (T.CMG) shares were down $0.13 at 10.46.

]]>
<![CDATA[Stocks in Play: TekModo Industries Inc.]]>Fri, 19 May 2017 10:11:31 ESThttp://baystreet.ca/articles/stocksinplay.aspx?id=22716Friday, May 19, 2017

10:39 AM EST - TekModo Industries Inc. : Has filed a rights offering circular and related notice of rights offering with the securities regulatory authorities in each of the provinces and territories of Canada in connection with an offering of rights to acquire units of the Company for gross proceeds of a minimum of $2 million and a maximum of approximately $2.17 million. TekModo Industries Inc. (V.TEK) shares were down $0.005 at 0.03.

]]>
<![CDATA[Stocks in Play: DREAM OFFICE REIT]]>Fri, 19 May 2017 10:11:31 ESThttp://baystreet.ca/articles/stocksinplay.aspx?id=22717Friday, May 19, 2017

10:43 AM EST - DREAM OFFICE REIT : Announced its May monthly distribution of 12.500 cents per REIT Unit, Series A ($1.50 annualized). The May distribution will be payable on June 15, to unitholders of record as at May 31. DREAM OFFICE REIT (T.D.UN) units were up $0.12 at 20.12.

]]>
<![CDATA[Immune Therapeutics Gets Lift from HIV Treatment Approval in Nigeria]]>Mon, 22 May 2017 01:44:00 ESThttp://baystreet.ca/articles/stockstowatch.aspx?id=1831Monday, May 22, 2017

Immune Therapeutics Gets Lift from HIV Treatment Approval in Nigeria


Reaching a milestone that management says will pave the way to the company's "first significant revenue channel," Immune Therapeutics, Inc. (OTCQB:IMUN) said Monday morning that it received approval for its HIV treatment called Lodonal from NAFDAC (National Agency for Food and Drug Administration and Control) in Nigeria. Lodonal is an opiate antagonist shown to act as an immune modulator that works by rebalancing the immune system. The approval labels Londonal as a one-day immune system regulator for the management of HIV/AIDS.

Immune Therapeutics is looking to penetrate an HIV/AIDS market consisting of 3.2 percent of the 180 million Nigerians living with HIV/AIDS, representing the second largest HIV/AIDS population globally.

The approval was supported by a 90-day bridging study in Nigeria that showed Londonal-treated patients to experience a 44% increase in CD4, a type of white blood cell that fights infections, compared to only 11% for patients receiving standard of care. Other studies have further shown patient improvements, including reduction in opportunistic infections.

Immune Therapeutics said this morning it expects additional regulatory approvals from Kenya, Senegal and Cote d'Ivoire in the fourth quarter this year or early in 2018. Based upon the approval in Nigeria and other anticipated approvals, the company believes it is on track to achieve profitability in 2017.

Investors are buying on the news, with shares up 17.3% at 7.3 cents after closing at 6.2 cents per share on Friday. With 304.14 million shares outstanding, according to QuoteMedia data, the rise in value gives IMUC a market capitalization of $22.3 million.

]]>
<![CDATA[Inflation Numbers Work into Dollar Trade]]>Fri, 19 May 2017 09:18:31 ESThttp://baystreet.ca/articles/forex_trader.aspx?id=30522
It is very quiet on the data front for the U.S. dollar today with no economic fundamentals released. St Louis Federal Reserve President James Bullard spoke this morning at 9:15. The dollar is trading on the broader market sentiment to close off the week and is well mixed against its trading peers. President Trump today leaves on an eight-day trip to the Kingdom of Saudi Arabia, the Vatican, and France to meet the new president. The platform could be just what Trump needs to get away from the domestic tangled web of troubles that have headlined daily. For the greenback, it will be of interest if the President shares his view on the administration dollar policy.

Investors expect a range today of $1.3545 to $1.3610

German Producer Prices in April helped give the euro a little boost with strong results, as month over month printed at 0.4% and year over year printed at 3.4%, which were both better by 0.2% from forecast. Euro-zone Current Account also outperformed, printing at 34.1 billion in March when expectations was for 32.3 billion. Losses from yesterday were essentially erased as the euro has retraced back to higher levels, currently trading at $1.5189.

Traders expect a range today of $1.5135 to $1.5216

No major event risk is expected out of the U.K. today leaving the pound to trade on second-tier data. Confederation of British Industries Trends in May were mixed as Total Orders printed at 9 when expectations were for 4 and Selling Prices fell to 23 from the expected 29. Highlight of next week will be U.K.’s Gross Domestic Product due on Thursday with minor public finances and net borrowing data due Tuesday. The pound is currently trading at $1.7636.

Experts expect a range today of $1.7635 to $1.7727

The Australian dollar is holding steady going into the weekend. Positive employment data released earlier this week, which continues to underpin the Aussie. Furthermore, stronger metal prices also helped to boost the commodity currency. Copper is up 1.05%, while iron ore prices are also stabilizing near their recent lows.

Oil (WTI): $50.06 U.S. per barrel

Gold: $1,253.00 U.S. per ounce

Silver: $16.82 U.S. per ounce

Copper: $2.5589 U.S. per tonne

Dollar Index: 97.36]]>
<![CDATA[The Most Innovative Companies in Fintech Celebrate Wins at the 2017 Benzinga Global Fintech Awards]]>Mon, 22 May 2017 01:40:13 ESThttp://www.baystreet.ca/articles.aspx?id=37871
A judging panel of over 30 leading fintech VCs, executives, and entrepreneurs selected the 24 companies pushing the forefront of finance from a list of over 300 finalists.

One winner in particular, Futurefuel.io, appeared on CNBC alongside Benzinga founder Jason Raznick to discuss its BZ Awards win.

Meet the winners and runners-up of the 2017 Benzinga Global Fintech Awards below.

Overall winners:

Champion: AlphaPoint

AlphaPoint creates blockchain technology for financial institutions, and has seen significant adoption of its tech.

Runner-up: Unison Home Ownership Investors

Unison increases access to home ownership by allowing those without the funds for a down payment to purchase a home--Unison puts up the money and profits off any increases in the home's value.

Honorable Mention: WiseBanyan

WiseBanyan is a rapidly-growing roboadvisor that focuses on helping its clients meet specific financial goals, such as a down payment on a home

Best in Show: Unison Home Ownership Investors

Winners by category:

Best Alternative Investments Platform, Tool or App:

SAF Platform

What does it do?

Helps digitize the handshake process for alternative investments

Runner-up: YieldStreet

Best Analysis Platform, Tool or App:

TradingView

What does it do?

A social platform for sharing customizable charts and analysis

Runner-up: YCharts

Best Digital Mortgage or Real Estate Platform, Tool or App:

Rocket Mortgage

What does it do?

The first mobile-native mortgage product that overhauled a multibillion dollar business--$7B in

loan volume in 2016

Runner-up: PeerStreet

Best Education & Personal Finance Platform, Tool or App:

FutureFuel.io

What does it do?

Helps tackle the student debt bubble by working with employers to offer student loan repayment benefits to their employees

Runner-up: Clarity Money

Best Financial Advisor or Wealth Management Platform, Tool or App:

Orion Advisor Services

What does it do?

All-in-one integration service for common financial advisor apps, programs and other tools & allows some automation so that advisors can spend more time growing the business

Runner-up: BaseVenture

Best Forex Platform, Tool or App:

Remitly

What does it do?

Money transfer service

Runner-up: MarketFactory

Best InsurTech Platform, Tool or App:

CoverWallet

What does it do?

Digital platform that serves as a one-stop shop for all business insurance needs

Runner-up: Embroker

Best Lending Platform, Tool or App:

Stilt

What does it do?

Stilt gives students studying on visas easy access to digital loans

Runner-up: ThinkMoney

Best Proprietary Technology or APIs:

OpenFin

What does it do?

Uses its advanced infrastructure and development resources to help financial institutions deploy applications

Runner-up: Dataminr

Best RegTech Platform, Tool or App:

Rippleshot

What does it do?

Uses advanced analytics to improve current fraud detection on cards and online transactions

Runner-up: Neurensic

Best Research Platform, Tool or App:

AlphaSense

What does it do?

Platform that uses NLP to significantly cut down research time for funds & quants across multiple content types

Runner-up: Street Diligence

Best Robo Advisor:

Betterment

What does it do?

Most comprehensive robo solution

Runner-up: WealthSimple

Best Trading Execution or Brokerage Platform:

Finvasia

What does it do?

A new brokerage serving a huge emerging market - India and eventually Asia

Runner-up: DriveWealth

Best Trading Recommendation Platform, Tool or App:

Chaikin Analytics

What does it do?

One of the first fintech companies to develop an advanced quantitative model that provides sentiment for stocks as well as context in one package

Runner-up: Trade Ideas

Best Under-banked or Emerging Market Solution:

Ovamba

What does it do?

Platform that opens up African companies to investors in the US / Canada / Japan

Runner-up: World Remit

Best Use of Blockchain or Bitcoin:

AlphaPoint

What does it do?

Blockchain ledger gaining significant institutional traction. This is one the best implementation of blockchain ledgers for capital market technologies

Runner-up: Brave New Coin

Finding Alpha:

PortfolioEffect

What does it do?

Allows individuals to backtest both high and low frequency trading strategies with intraday data included

Runner-up: ExtractAlpha

Institutional Innovators

PFITR - Bond Price Validation

What does it do?

Currently one of the only non-institutional bond market analysis platforms that is available to retail investors

Runner-up: Cloud9 Technologies

Investing In Millennials:

Aspiration

What does it do?

Comprehensive suite of investing tools for millennials

Runner-up: Grain

Leveling the Playing Field:

DIY.FUND

What does it do?

Allows anyone to use complex portfolio analysis tools

Runner-up: Unison Home Ownership Investors

Solving Problems Through Payments

PayKey

What does it do?

Integrates payments into all social media and other phone apps

Runner-up: Disburze

About Benzinga Global Fintech Awards

Designed to uncover the most innovative companies within the financial technology capital markets sector, the Benzinga Fintech Awards provide winning finalists with new opportunities for growth and exposure. For last year's winners, please visit www.benzingafintechawards.com or use the hashtag #BZAwards.

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! Inc.'s (YHOO) Yahoo! Finance, Microsoft Corporation's (MSFT) 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 (AMTD), 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.
]]>
<![CDATA[Mm-Mm, Not So Good! Campbell Soup Sales Miss Targets]]>Fri, 19 May 2017 11:38:00 ESThttp://www.baystreet.ca/articles.aspx?id=37870Shares of the company, which also sells Pepperidge Farm snacks and Prego pasta sauce, fell $1.20, or 2.1%, to $55.75 in morning trade on Friday.

The Camden, New Jersey-based company, like other processed packaged food makers, has been vulnerable to changing consumer tastes toward fresher and healthier foods.

In response, Campbell Soup created its own fresh-food unit in 2015 to sell carrots, carrot ingredients, refrigerated beverages and salad dressings, but the business has been struggling.

A premature harvest that led to smaller carrots last year resulted in market share losses while a recall of protein shakes further added to its troubles.

Sales in the unit, which contributes 14% to total revenue, fell 6% in the third quarter ended April 30, hurt in part by manufacturing constraints related to the recall.

Overall sales swooned 1% to $1.853 billion driven by a 1% decline in organic sales, reflecting higher promotional spending, while volumes were comparable to the prior year. Organic sales declines in Americas Simple Meals and Beverages and Campbell Fresh were partly offset by gains in Global Biscuits and Snacks.

The company reported earnings of $0.58 per share in the quarter, reflecting pre-tax charges related to cost savings initiatives of $7 million, or $0.01 per share.
]]>
<![CDATA[Deere Mows Down Q2 Earnings Expectations, Shares Hike ]]>Fri, 19 May 2017 10:09:00 ESThttp://www.baystreet.ca/articles.aspx?id=37869The agricultural and construction machinery company Friday revealed net income of $802.4 million, or $2.49 per share, compared with $495.4 million, or $1.56 per share, for the period ended May 1, 2016. Consensus per share was for earnings of $1.63.

For the first six months of the year, net income attributable to Deere & Company was $996.2 million, or $3.10 per share, compared with $749.8 million, or $2.36 per share, last year.

Worldwide net sales and revenues increased 5% to $8.287 billion, for the second quarter and increased 4%, to $13.912 billion, for six months.

Net sales of the equipment operations were $7.260 billion for the quarter and $11.958 billion for the first six months, compared with $7.107 billion and $11.876 billion for the same periods last year.

A news release issued Friday also explained that the company’s equipment sales are projected to increase about 9% for fiscal 2017 and to rise about 18% for the third quarter compared with the same periods of 2016.

Foreign-currency rates are not expected to have a material translation effect on equipment sales for the year or third quarter. Net sales and revenues are projected to increase about 9% for fiscal 2017 with net income attributable to Deere & Company of about $2.0 billion.

The company’s stock price ballooned by $7.71, or 6.8%, to begin trading on Friday at $120.38, blowing away the previous 52-week high of $114.96, and towering over a low of $76.73.
]]>
<![CDATA[Apple (AAPL) - The Upside is Still There]]>Thu, 18 May 2017 08:37:50 ESThttp://www.baystreet.ca/articles.aspx?id=37868
This article is a snippet from the original published to CML Pro members on 5-17-2017.

LEDE

While Apple Inc (NASDAQ:AAPL) is making all-time highs and the focus has been squarely on both the new iPhone cycle and Apple Services, it turns out there are other stories brewing, and they complete a rather broad bullish thesis for the tech giant.

We have three updates today, that fit within one of the broadest most far reaching collection of bullish theses we have collected for one company.

APPLE

Apple Inc is a Top Pick for CML Pro, added for $104.15 on January 2nd, 2016 and is now up 47% at $152.69.

STORY

There are three parts to this update, and we will start with Apple's investment in Corning.

Apple announced it would invest $1 billion in a "advanced manufacturing fund" to promote technology driven manufacturing jobs in the United States. Some people felt this was a sort of peace offering to the current U.S. administration in an effort to ease the way toward an one-time tax holiday for Apple's massive overseas cash hoard, which in total now tops a quarter trillion dollars.

For my take on the cash hoard, you can feel free to watch my interview with Peter Armstrong on CBC.


But, Apple Inc's first investment appears to be more than a peace offering, it appears to be a signal toward the company's future.

Apple announced a plan to invest $200 million of that $1 billion into Corning, which is a long time Apple supplier, making the glass for the iPhone and iPad touchscreens. The monies pegged for Corning are specifically noted to be invested in research and development (R&D) and glass making divisions.

With a portion of the money now clearly defined in its distribution with an Apple supplier, the cynical crowd has grown a bit quieter, and here's why.

The next iPhone is going to have wireless charging, if any of the superstar analysts that cover Apple Inc are right. That means the back of the iPhone is going to need something other than just metal. Here is what Oppenheimer analyst Andrew Uerkwitz, who covers Corning, said:

Metal can interfere with wireless charging technology. That means you need glass on the back of the phone, but glass that won't break. Or you need to use ceramics. Corning has a long history of investing in both glass and ceramics.

That is semi-interesting, but likely baked into the expectations for iPhone X (or 8, or whatever it's going to be called). We actually side more with Patrick Moorhead of Moor Insights -- that this is a move to progress Apple's augmented reality vision.

Remember, Tim Cook has said out loud that augmented reality is the future for Apple Inc (NASDAQ:AAPL), and CML Pro broke the patent filing that supports this claim. In our dossier Apple Files a Patent for Augmented Reality, we dive deep into the renderings and obfuscated language of the filing and came out with this:

AUGMENTED REALITY

Augmented Reality (AR) technology combines a live view of a real-world, physical environment with computer-generated imagery. For anyone playing Pokémon Go, that's augmented reality.

Here's a snippet from the patent filing and then a rendering Apple included in the filing.



The technology Apple Inc. is inventing will allow an user to create a 3-dimensional map of an area, in real time, which is then overlaid with information that augments their reality. But it's not just video games that Apple is after. While the filing discusses auto mechanics and teachers it also went a step further -- a step that is becoming clearer and clear.

Doctors might also use it to superimpose medical information over a live video of a patient, or a X-ray or MRI could overlay the video so medical professionals could better diagnose an issue.

Apple is going after Healthcare technology -- that is another of the segments that Tim Cook has been rather explicit about. In our dossier Apple Leaps Forward in a New Market we discuss the news that Apple Inc (NASDAQ:AAPL) has a "secret" small team of biomedical engineers to develop sensors that can noninvasively and continuously monitor blood sugar levels to better treat diabetes.

This would be a continuous monitoring of glucose levels - something that has never been done before, and in that vein, it has been called the "holy grail" of medical devices.

Remember that last sentence, we are going to turn back to it in a bit with the second update to Apple. On October 3rd, 2016, we wrote Apple is Getting Dead Serious About Health Care. In that dossier we got a look at this device:



Fast Company reports that "Annual global health spending is more than $9 trillion." In fact, if we take that spending out to 2020, $1 out of every $5 will be spent on health care. Here's what Tim Cook told Fast Company in 2016:

We've gotten into the health arena and we started looking at wellness, that took us to pulling a string to thinking about research, pulling that string a little further took us to some patient-care stuff, and that pulled a string that's taking us into some other stuff.

Source: Fast Company

CML Pro went further when we penned the article "Apple Goes After Enormous Medical Technology Market," in where we note that Apple officially stepped into the health care technology realm by partnering with GlaxoSmithKline plc (NYSE:GSK).

TAKING A STEP BACK

What we are seeing is the investment in Corning is possibly (likely?) a push forward in Healthcare Tech, which CML Pro has long argued is also tied to Augmented Reality.

Now, let's move further down the path of health care tech, and this time, with the Apple Watch.

SECOND STEP: APPLE WATCH

Any member of CML Pro for at least six-months knows our belief that the Apple Watch is not a failure, but even further, is turning into a large success. We even have a dossier Breaking: Apple Watch is Winning, and it Really Matters.

The narrative was written before the product was even released - The Apple Watch was going to be a disaster. The data flew in the face of that narrative, but it didn't matter - when the mainstream media decides something is a fact, it's a fact.

Or, we could look at actual facts - that CML reported since 2015. Here is a gorgeous representation of the impact the Apple Watch had on the world of watches well back in 2015:



Just to be perfectly clear: Smart watch sales rose more than 4-fold just as Swiss watch sales started to dip. Again, throw out our biases – this is data driven. This was the first time ever that the smart watch segment sold more units than the Swiss watch market.

As for that 8.1 million units back in Q4 of 2015, yep, estimates have it that more than 5 million were the Apple Watch.

But that's the past, and the narrative continued.

We recently got news from Strategy Analytics that Apple shipped 3.5 million wearables in the first calendar quarter of 2017, 59% rise from last year's quarter. That number has made Apple Inc the largest wearables seller in the world, moving past Fitbit. Apple currently commands 16% of the global market for wearables, Strategy Analytics reported.

And then earnings came, where Tim Cook continued to beat the drum. Here is a quote directly from the last earnings call:

* It was also our best quarter ever for Apple Watch, both units and revenues, with holiday demand so strong that we couldn't make enough.

The argument for the Apple Watch as failure hinged on the idea that after the first release, Apple would not be able to find "new" people to buy the product -- that this was for Apple fans only. That exact argument, literally, was used for the iPod, iPhone and iPad. Remember this?



And now we turn this back to health care.

APPLE WATCH AND HEALTHCARE

A study done by the University of California at San Francisco (UCSF) noted that "the Apple Watch is 97 percent accurate in detecting the most common abnormal heart rhythm when paired with an AI-based algorithm."

Cardiogram began the study with UCSF in 2016 to discover whether the Apple Watch could detect an oncoming stroke. About a quarter of strokes are caused by an abnormal heart rhythm, according to Cardiogram co-founder and data scientist for UCSF's eHeart study Brandon Ballinger.



Further, from UCSF:

"Cardiogram tested the deep neural network it had built against 51 in-hospital cardioversions (a procedure that restores the heart's normal rhythm) and says it achieved a 97 percent accuracy in the neural network's ability to find irregular heart activity."

With the Apple Watch 3 well on its way this Fall, I think the narrative about a "failed Apple Watch" is about to fail itself. Health care technology, augmented reality and the Apple Watch are all weaved together, and Apple appears well on its way to yet further diversifying its revenue streams from the iPhone.

But, while we're on the iPhone, let's discuss update number three.

iPhone - INDIA - YES

Another topic CML Pro has been adamant about is the opportunity Apple has in India.

On April 2nd, 2017, we published Apple is Getting Serious About India. That story is too long to reprise here other than a few snippets, before we get to the update.

India is the second largest smartphone market in the world, Apple has nearly no footprint in the country, but that may be about to change dramatically and Wall Street estimates have not accounted for that change.

First, we start with the size of the market. This is the chart of smartphone owners in India, through time:



A tectonic shift began in 2015 with a visit by Apple's CEO Tim Cook and a private meeting with India's Prime Minister. While the meeting was rather private, the results were not - we included a full discussion on our dossier Apple's Secret: The Hidden Handshake with India Is Enormous.

While there are doubters out there surrounding the cost of an iPhone in India relative to the average selling price of a smartphone, of course, the analysis is weak. As we wrote:

The average price paid for a smartphone India was $132 in 2015

Wall Street really freaked out about the average selling price (ASP) number, but the average is not the number we should be focused on. For context, China is Apple's largest market and the average selling price for a smartphone in 2015 in China was $253.

When using China as a proxy, we see the ASP number never has to reach the $424 that the United States yields for Apple to have a success. Even further, Apple does not sell to the average.

The iPhone SE, Apple's smaller sized phone that still has beefed up hardware has always been the conduit to India. Of course, we wrote that as well. On April 23rd, 2016, we noted, explicitly that the SE was Apple's play into India. And now we get update number three:

iPhone SE INDIA UPDATE

The Wall Street Journal just reported that Apple has now already assembled its first iPhones in India -- and what do you know, it is the iPhone SE.

The manufacturing is complete and sales will start this month -- on a small scale. Yes, it's no longer "when Apple manufacturers in India," it's "right now."

We do note that the manufacturing was done in India, but by an Apple partner, not Apple itself. We also echo the WSJ's take, which is simply: "Production of SE model marks escalation of push to crack fast-growing market."

Yeah, what they said. What we said. What Apple said.

The author is long shares of Apple Inc (NASDAQ:AAPL) at the time of this writing.

WHY THIS MATTERS

It's finding the technology gems that will turn into the 'next Google,' or 'next Apple,' where we have to get ahead of the curve. This is what CML Pro does.

Each company in our 'Top Picks' has been selected as a future crown jewel of technology. Market correction or not, recession or not, the growth in these areas is a near certainty.

The precious few thematic top picks for 2017, research dossiers, and alerts are available for a limited time at a 80% discount for $19/mo. Join Us: Discover the undiscovered companies that will power technology's future.

Thanks for reading, friends.

Legal

The information contained on this site is provided for general informational purposes, as a convenience to the readers. The materials are not a substitute for obtaining professional advice from a qualified person, firm or corporation. Consult the appropriate professional advisor for more complete and current information. Capital Market Laboratories ("The Company") does not engage in rendering any legal or professional services by placing these general informational materials on this website.
]]>
<![CDATA[Incyte Vaults on Drug Test Results]]>Thu, 18 May 2017 02:17:00 ESThttp://www.baystreet.ca/articles.aspx?id=37867<![CDATA[Wal-Mart Makes Money, Does Better ]]>Thu, 18 May 2017 09:44:00 ESThttp://www.baystreet.ca/articles.aspx?id=37866The retailer's U.S. comparable sales — an important metric for retail stocks — grew for the 10th consecutive quarter, climbing 1.4% and bettering estimates of 1.3% growth.

Notably, Wal-Mart was able to increase traffic to its U.S. stores at a time when others are seeing fewer shoppers. Comp traffic grew 3% on a two-year stacked basis.

Meanwhile, the retailer’s e-commerce sales rose a whopping 63% compared to a mere 29% growth last quarter. Despite making a number of acquisitions, the company said the majority of these sales were organic through Walmart.com.

Total fiscal first-quarter revenue grew 1.4%, to $117.54 billion, falling slightly short of a $117.74 billion forecast by analysts.

Earnings per share rose 2% to $1.00, up from 98 cents a year ago, and beating industry estimates of 96 cents a share.

The big-box retailer says it has been making strides to expand and improve its e-commerce platform. The company recently acquired Jet.com, bringing in new talent to help manage its digital operations.

Wal-Mart recently rolled out free-two-day shipping on order over $35, prompting rival Amazon to slash its free shipping threshold for shoppers who don't have an Amazon Prime membership.

Wal-Mart also announced that, during the first quarter, the chain’s online gross margin values rose 69% for the period.
The retailer’s shares moved ahead $1.13, or 1.5%, to $76.34, soon after Thursday’s open ]]>
<![CDATA[ Jack in the Box Jumps out of Its House ]]>Wed, 17 May 2017 03:53:58 ESThttp://www.baystreet.ca/articles.aspx?id=37865The San Diego, Calif.-based company also reported earnings of 98 cents per share on $369 million in revenue. Wall Street had expected earnings of 91 cents a share on $369 million in revenue.

In the comparable year-ago period, Jack in the Box had reported earnings of 85 cents a share on $361 million in revenue.

What’s more, Jack in the Box authorized an additional $100.0 million stock buyback program. This leaves approximately $181.0 million remaining under stock buyback programs authorized by the company's Board of Directors that expire in November 2018.

The board also declared a quarterly cash dividend last week of $0.40 per share on the company’s common stock. The dividend is payable on June 12, to shareholders of record at the close of business on May 30.

For its part, Colorado-founded but California-based Qdoba Mexican Eats is a chain of fast casual restaurants in the United States and Canada serving Mexican-style cuisine.

The stock price galloped $5.85, or 5.7%, to $107.74 as the close neared on Wednesday.
]]>
<![CDATA[Red Robin Sizzles on Q1 Results ]]>Wed, 17 May 2017 09:48:00 ESThttp://www.baystreet.ca/articles.aspx?id=37864<![CDATA[IBM Heads Towards Yearly Lows]]>Wed, 17 May 2017 08:23:52 ESThttp://www.baystreet.ca/articles.aspx?id=37863
At a 12.4x P/E and 11X forward P/E, "Big Blue's" stock may attract value investors.

In the near-term, IBM faces significant headwinds. S&P just downgraded its credit rating from AA- to A+. Its outlook for the company is “negative.” Moody’s downgraded its senior unsecured rating to A1 but rated its outlook “stable.”

The lack of growth raises risks that the stock is a value trap. It is a dinosaur in the tech world. The business underperforms every quarter, hurt by its heavy weighting in maturing businesses. Faster-growing units do not add meaningfully to revenue. Until Watson and other AI-based businesses win more deals, IBM as a whole will lag other tech companies.

IBM is guiding a second-half ramp up in revenue growth. But growth from its acquisitions take time and money. The risks are elevated that management will fail in its promises for turning the company around.
Holding IBM at these levels have below-average risks. The stock pays a dividend yielding nearly 4% But if IBM closes at a yearly low, the stock will not reflect any rebound in its business this year.

Value investors will have to decide if management executes on its turnaround plan faster than markets expect.
]]>
<![CDATA[Seafarer (SFRX) Dives Deeper, Makes Encouraging Wreckage Findings]]>Wed, 17 May 2017 08:09:33 ESThttp://www.baystreet.ca/articles.aspx?id=37862
In a recent interview, the Company CEO Kyle Kennedy talked about the upcoming plans of the company. As the Company is involved in a highly-specialized area of operations, it requires obtaining a number of permits and authorizations to carry out its tasks. Seafarer is all set to broaden its horizons as it announced receiving a three-year 1A-31 Exploration permit for the southernmost area of the Melbourne Beach site from the Florida Bureau of Archeological Research (FBAR). The area is also known as Area 1. Seafarer received the permit with a Dig and Identify modification clause.

Mr. Kennedy hailed the permit as "the single most important permit Seafarer has ever received." The statement sounds reasonable as the latest permit will have synergistic impact on the activities carried out by the exploration Company. It has already been engaged in exploration in an adjacent area, widely known as Area 2. During the exploration of this area, the Company had carried out cesium vapor magnetometer survey, which indicated high rate of probable hits in Area 1. With this new permit, the Company will be able to carry out exploration activities in Area 1, which is situated south to Area 2.

The activities in Area 1 are likely to provide boost to the company's prospects as the chances of making successful hits in this area are higher. Seafarer went through a number of hoops for obtaining this permit as the initial application was filed way back in May, 2014. Exploration activities are strictly regulated, making the process of obtaining permits cumbersome and time-consuming. However, the receipt of the latest permit is expected to let the Company boost its efforts.

Since receiving the permit, the Company has carried out a number of activities in the area, with encouraging results. In a recent interview, Mr. Kennedy provided updates about the Company's exploration projects. Kennedy reported that the company was able to find wreckage in the area. He also talked about the condition of the wreckage as the preservation seemed to be better than expected. Seafarer was able to find and investigate nicely preserved large wooden items of upper deck and railing and a large piece of the ship's hull. Other items found include: a nine foot cannon, silver platters, a pistol and locals have found numerous silver coins on the beach at the site.

The CEO also talked about the challenges faced by the Company. He particularly referred to the quality of currently available technology, which in his opinion, needs to be upgraded. However, the Company plans to overcome this challenge by engaging human experts including archaeologists. Seafarer plans to collaborate with specialist organizations for procuring technical know-how.

Seafarer is also in the process of prospecting newer sites where it can start new operations. The Company will benefit from having more sites under its wing, which will increase the probability of finding feasible wreckage. Mr. Kennedy said that they plan to focus on Melbourne Beach and Juno Beach for the time being.

According to the latest SEC filing by the Company, Seafarer did not earn any revenue for its previous financial year. The Company consequently suffered operating losses and the trend is likely to continue for the foreseeable future. Since the Company's main revenue generating activities tend to be spread over the course of multiple years, Seafarer is working to devise a strategy to generate positive cash flows.

However, the Company now expects to make lucrative findings soon. Mr. Kennedy elaborated about the procedure of monetizing the wreckage findings. According to the current laws, different laws are applicable in different jurisdiction. CEO Kennedy said that the Company already has an agreement with the State of Florida in place. According to Florida laws, any wreckage found within 3 miles of low water mark, is deemed to belong to the government. Seafarer has an agreement with the government, which allows the Company to retain 80 percent of the wreckage, while the remaining 20 percent will go the government.

Seafarer is going to celebrate its 10th anniversary this year, which underlines the robustness of its business model. Shipwreck exploration can be a lucrative yet capital intensive business. The Company's survival for a decade indicates that it is working in the right direction. Seafarer also takes a focused approach as it specializes in wreckage belonging to colonial times, ranging from the 16th to 18th century. Having over 300 years of wrecks to target increases the chances of successful expeditions.

Seafarer's efforts have yielded good results in the stock market this year. The Company's stock has gained over 220 percent in the past 12 months while its Year to Date gain is pegged close to 88 percent. However, despite such rise, the stock still offers substantial upside from the current levels, as the stock is still way down from its all times high in 2013. With the encouraging news such as obtaining the new licenses, and more favorable diving months approaching, the company stock is expected to mirror its encouraging operating prospectus. Seafarer also expects to start generating revenue this year, which will help with the corporate liquidity.
Disclaimer:
Except for the historical information presented herein, matters discussed in this release contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. WFM, Inc. is not registered with any financial or securities regulatory authority, and does not provide nor claims to provide investment advice or recommendations to readers of this release. WFM, Inc. may from time to time have a position in the securities mentioned herein and may increase or decrease such positions without notice. For making specific investment decisions, readers should seek their own advice. WFM, Inc. may be compensated for its services in the form of cash-based compensation or equity securities in the companies it writes about, or a combination of the two. For full disclosure please visit: http://wwfinancial.com/legal-disclaimer/
]]>