Baystreet.ca RSS Feed http://www.baystreet.ca/rss/MasterRSS.aspx en-us Copyright (c) 2016 Baystreet.ca Inc. All rights reserved. 8/26/2016 10:50:14 PM <![CDATA[CIBC "SECTOR PERFORM"]]>Fri, 26 Aug 2016 11:52:00 ESThttp://baystreet.ca/articles/analyst_ratings.aspx?26940<![CDATA[Gold Rally Fades A Bit After Fed Speeches ]]>Fri, 26 Aug 2016 12:28:00 ESThttp://baystreet.ca/articles/commodities.aspx?id=710Friday, August 26, 2016


Gold Rally Fades A Bit After Fed Speeches


Gold ditched earlier gains in volatile trade amid speeches from U.S. Federal Reserve members.

Spot gold was last up 0.04% at $1,325.10 U.S. an ounce, after having risen 1.5% to $1,341.60.

U.S. gold futures for December delivery were up 0.1% at $1,322.34 U.S.

Federal Reserve Vice Chairman Stanley Fischer told reporters on Friday the decision on whether to hike interest rates should be looking forward, not backward — and the next jobs report will figure into the process.

Earlier Friday, gold gained more than 1% on Friday, breaking a five-day streak lower after Fed Chair Janet Yellen said the case for raising U.S. interest rates has strengthened, although increases should be gradual.

Speaking early Friday morning in Jackson Hole, Wyoming, Yellen cited improvements in the U.S. labour market and expectations for moderate economic growth, reinforcing the view that such a move could come later this year. She did not, however, lay out a clear roadmap for what the Fed needs to see to raise rates.

Silver added 0.8% at $18.65 U.S. an ounce, after hitting an eight-week low of $18.46 U.S. on Thursday.

Platinum was 0.3% lower at $1,065.80 U.S., after falling to a seven-and-a-half-week low of $1,059.50 U.S. Palladium was up 0.03% at $684.20 U.S.

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<![CDATA[Uber Continues To Bleed Cash]]>Fri, 26 Aug 2016 06:45:00 ESThttp://baystreet.ca/articles/techinsider.aspx?id=694Friday, August 26, 2016

Uber Continues To Bleed Cash


Although Uber isn’t yet a public company, its financials are still fairly public information. Like most public companies, management still has a conference call with investors every three months. It just doesn’t quite attract the attention as it would if the company was publicly traded.

Results for the first six months came out on Thursday, and they weren’t pretty. Management revealed Uber lost $1.27 billion in the first half of the year. Second quarter results were even worse than the first quarter, with the loss widening from $520 million to at least $750 million.

Gautam Gupta, the head of Uber’s finance department, told investors most of the loss was from subsidies to Uber’s drivers. By keeping driver compensation generous, the popular ride sharing app can ensure customers aren’t kept waiting too long.

These losses aren’t a new phenomenon for Uber. In 2015, according to reports, the company lost at least $2 billion. In the short life of the company, Uber has lost at least $4 billion. No other tech company has posted losses so deep for such a long period of time.

Much of the red ink has been caused by Uber’s presence in China, with people close to the company saying $2 billion of its total losses have been from the country. In July, Uber struck a deal with Didi Chuxing, which resulted in the two companies agreeing to stop competing in China. This should decrease losses going forward.

Uber’s latest round of financing put its valuation at $69 billion, a huge number for a company currently losing money. But it is well capitalized with some $8 billion in cash and another $1 billion on the way.

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<![CDATA[Economic Calendar]]>Fri, 26 Aug 2016 10:50:14 ESThttp://baystreet.ca/articles/econ_calendar.aspx?id=18125August 2016
 

DATE

STATISTIC FOR CURRENT MONTH PREVIOUS MONTH
Tuesday, August 02, 2016 RBC Manufacturing PMI: 9:30am July The seasonally-adjusted RBC Canadian Manufacturing PMI came in at 51.9 in July of 2016, up from 51.8 in June. Adjusted for seasonal influences, the RBC Canadian Manufacturing PMI registered 51.8 in June, down from 52.1 in May.
Friday, August 05, 2016 Labour Force Survey: 7:00am July Employment declined by 31,000 (-0.2%) in July. The unemployment rate increased 0.1 percentage point to 6.9%. Employment was unchanged in June. The unemployment rate declined 0.1 percentage points to 6.8%, as the number of people searching for work edged down.
Friday, August 05, 2016 Canadian International Merchandise Trade: 8:30am June Canada's imports increased 0.8% to $45.0 billion in June. Exports were up 0.6% to $41.4 billion. As a result, Canada's merchandise trade deficit with the world widened from $3.5 billion in May to a record $3.6 billion in June. Canada's exports fell 0.7% to $41.1 billion in May, while imports decreased 0.8% to $44.4 billion. As a result, Canada's merchandise trade deficit with the world in May was virtually unchanged compared with April at $3.3 billion.
Friday, August 05, 2016 IVEY Purchasing Managers Index: 10:00am July Western University’s Ivey School of Business reported its Purchasing Managers’ Index registered 57 in July, compared to 51.7 in June and 52.9 in July 2015. Western University's IVEY Purchasing Managers' Index came in at 51.7 for June, compared to 49.4 in May, and 55.9 for June 2015.
Monday, August 08, 2016 Building Permits: 8:30am June Municipalities issued building permits worth $6.4 billion in June, down 5.5% from the previous month. Municipalities issued building permits worth $6.8 billion in May, down 1.9% from the previous month.
Tuesday, August 09, 2016 Housing Starts: 8:15am July Canada Mortgage and Housing Corporation reported that the seasonally-adjusted annualized rate of housing starts declined to 198,395 in July, down from a revised 218,326 in June. Economists had forecast 195,000 starts in July. Canadian Mortgage and Housing Corporation reported that the seasonally-adjusted annualized rate of housing starts rose to 218,333 in June, up from a revised 186,709 in May. Economists had forecast 190,000 starts in June.
Thursday, August 11, 2016 New Housing Price Index: 8:30am June The New Housing Price Index rose 0.1% in June, following a 0.7% increase in May. The New Housing Price Index rose 0.7% in May, following a 0.3% increase in April.
Monday, August 15, 2016 CREAstats - MLS Sales: 8:30am July The Canadian Real Estate Association reported this morning that national home sales declined – 1.3% -- for a third consecutive month in July 2016. Actual (not seasonally-adjusted) activity came in 2.9% below July 2015. The Canadian Real Estate Association (CREA), reported national home sales fell 0.9% from May to June. Actual (not seasonally-adjusted) activity came in 5.2% above June 2015. The number of newly listed homes rose 2.2% from May to June.
Tuesday, August 16, 2016 Monthly Survey of Manufacturing: 8:30am June Manufacturing sales rose 0.8% to $50.2 billion in June, following a 1.0% decline in May. Manufacturing sales declined 1.0% to $49.9 billion in May, the third decrease in five months.
Thursday, August 18, 2016 Canada's International Transactions in Securities: 8:30am June Foreign investors increased their holdings of Canadian securities by $9.0 billion in June, with acquisitions led by significant portfolio investment in equities. At the same time, Canadian investors acquired $4.1 billion of foreign securities, mainly non-U.S. foreign equities. Foreign investment in Canadian securities remained high at $14.7 billion in May, led by acquisitions of federal government bonds on the secondary market. At the same time, Canadian investors added $5.1 billion of foreign securities to their holdings, mainly equities.
Thursday, August 18, 2016 Employment Insurance: 8:30am June Regular Employment Insurance (EI) beneficiaries in Canada totaled 545,900 in June, essentially unchanged from May. Compared with 12 months earlier, the number of people receiving regular EI benefits was up by 8,000 or 1.5%. In May, 544,900 people received regular Employment Insurance benefits, up 4,800, or 0.9%, from the previous month.
Friday, August 19, 2016 Consumer Price Index: 7:00am July The Consumer Price Index (CPI) rose 1.3% in the 12 months to July, after increasing 1.5% in June. Excluding gasoline, the CPI was up 1.9% year over year in July, matching the gain in June. The Consumer Price Index (CPI) rose 1.5% in the 12 months to June, matching the gain in May. On a seasonally adjusted monthly basis, the CPI increased 0.2% in June, matching the gain in May.
Friday, August 19, 2016 Retail Trade: 8:30am June Retail sales edged down 0.1% to $44.1 billion in June. Sales declined in seven of 11 sub-sectors, representing 54% of retail trade. Following a 0.9% increase in April, retail sales rose 0.2% to $44.3 billion in May. Sales were up in six of 11 subsectors, representing 51% of retail trade
Monday, August 22, 2016 Wholesale Trade: 8:30am June Wholesale sales increased for a third consecutive month in June, up 0.7% to $56.4 billion. Wholesale sales rose 1.8% to $55.9 billion in May.
Thursday, August 25, 2016 Average Weekly Earnings June Average weekly earnings of non-farm payroll employees were $958 in June, up 0.4% from the previous month. Compared with 12 months earlier, average weekly earnings increased 0.5%. Average weekly earnings of non-farm payroll employees were $956 in May, up 0.2% from the previous month. Compared with 12 months earlier, average weekly earnings increased 0.9%.
Tuesday, August 30, 2016 Raw Materials Price Index: 8:30am July --- The Raw Materials Price Index increased 1.8%, as a result of higher prices for crude energy products.
Tuesday, August 30, 2016 Industrial Product Price Index: 8:30am July --- The Industrial Product Price Index rose 0.6% in June, mainly due to higher prices for energy and petroleum products.
Wednesday, August 31, 2016 GDP: 8:30am June --- Real gross domestic product fell 0.6% in May, the largest monthly decline since March 2009.
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<![CDATA[Postal Job Action Could Come as Soon as Monday]]>Fri, 26 Aug 2016 08:57:00 ESThttp://baystreet.ca/articles/economiccommentary.aspx?id=1681Postal Job Action Could Come as Soon as Monday


Federal Labour Minister MaryAnn Mihychuk said Canada Post and the Canadian Union of Postal Workers will begin working with a special mediator Friday morning in the face of a union threat of job action.

The union representing nearly 51,000 employees issued a 72-hour notice of job action Thursday, accusing the Crown corporation of forcing a labour dispute.

It was unclear whether the action would result in a disruption of mail and parcel deliveries, something that — if it does happen — could come as early as next week.

The union said the notice, delivered to management just hours before a strike mandate was set to expire, "listed anticipated job actions" but stopped short of a full-blown walkout. The union hasn't said exactly what actions it was planning.

The notice puts postal carriers in a legal strike position by Aug. 28.

In a statement, CUPW President Mike Palecek said Canada Post forced the union's hand by refusing to accept a request from the federal labour minister to continue negotiations under a 24-hour deadline extension with the help of a special mediator.

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<![CDATA[Nikkei Drops Sharply to End Week ]]>Fri, 26 Aug 2016 08:00:00 ESThttp://baystreet.ca/articles/foreignmarketwrap.aspx?id=2440Friday, August 26, 2016

Nikkei Drops Sharply to End Week


Asia markets closed mostly lower on Friday, with Japanese stocks selling off more than 1% after soft inflation data prompted concerns over the effectiveness of government stimulus.

The Nikkei 225 index in Tokyo shed 195.24 points, or 1.2%, to 16,360.71

In Hong Kong, the Hang Seng Index regained 94.59 points, or 0.4%, to 22,909.54

The Japanese yen remained relatively flat against the dollar, close to the key 100 handle, trading at 100.45 as of late afternoon local time.

Earlier, the yen strengthened from levels near 100.55 to as high as 100.35 after the government released its July inflation data.

Data from the country's Statistics Bureau showed Japan's core consumer prices, excluding fresh food, fell 0.5% on-year in July, versus a forecast that expected a 0.4% decline. The so-called core-core consumer prices, excluding food and energy items, rose 0.3% on-year in July, but fell 0.2% from the previous month.

The preliminary August core consumer prices in Tokyo, released a month in advance compared to the nationwide consumer prices, also fell 0.4% on-year.

The decline in consumer prices in Japan will likely put pressure on both the government and the Bank of Japan to do more in their bid to prop up growth in the country's moribund economy.

In late July, Prime Minister Shinzo Abe had announced a government stimulus package worth 28 trillion yen ($265.30 billion U.S.), and in early August, the government approved 13.5 trillion yen in fiscal measures that included 7.5 trillion yen in spending by the national and local governments.

Export stocks in Japan sold off despite the relatively little movement in the yen, with Toyota shares tumbling 3.4%, Nissan down 0.9% and Sony off 1.2%

CHINA

The Shanghai CSI 300 docked 1.88 points, or 0.1%, to 3,307.09, after major indexes sold off on Thursday due to concerns over the amount of spare cash in the banking system, as well as fears of an overheating property market.

In China, media reports say the People's Bank of China (PBOC) was set to pour 95 billion yuan ($14.27 billion U.S.) into money markets through seven-day reverse bond repurchase agreements and an additional 50 billion yuan through 14-day reverse repos.

Earlier this week, the PBOC re-introduced the 14-day reverse repos for the first time since February, which prompted renewed concerns about the availability of sufficient cash in the money market.

In other markets

The Taiex Index in Taiwan gained 16.25 points, or 0.2%, to 9,131.72

In Korea, the Kospi index moved lower 5.42 points, or 0.3%, to 2,037.50

In Singapore, the Straits Times Index dipped 19.28 points, or 0.7%, to 2,857.65

In New Zealand, the NZX 50 loosed 35.97 points, or 0.5%, to 7,391.31

The ASX 200 subtracted 26.42 points, or 0.5%, to 5,515.47


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<![CDATA[U.S. Q2 GDP Falls Short of Expectations]]>Fri, 26 Aug 2016 08:53:00 ESThttp://baystreet.ca/articles/globalmarkets.aspx?id=1683U.S. economic growth was slightly more sluggish than predicted in the second quarter as businesses aggressively ran down stocks of unsold goods, offsetting a spurt in consumer spending.

Figures released Friday by the U.S. Commerce Department revealed gross domestic product expanded at a 1.1% annual rate, slightly down from the 1.2% rate reported last month.

The revision also reflected more imports than previously estimated as well as weak spending by state and local governments. The economy grew at a 0.8% pace in the first quarter. GDP grew 1%n the first half of 2016.

The revision to second-quarter GDP growth was somewhat as economists expected. The economy has struggled to regain momentum since output started slowing in the last six months of 2015, which experts say puts it in danger of stalling.

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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]]><![CDATA[TSX Pokes Higher to End Week]]>Fri, 26 Aug 2016 04:35:00 ESThttp://baystreet.ca/articles/marketupdates.aspx?id=5516Friday, August 26, 2016

04:35 PM EST
TSX Pokes Higher to End Week

NASDAQ Loses for First Time in 8 Wks.




Equities in Canada’s largest market edged higher in a seesaw session on Friday, led by financial and energy stocks as investors raised bets for U.S. interest rate hikes this year after a speech by Federal Reserve Chair Yellen.

The S&P/TSX Composite was up 9.16 points to end the day and week at 14,639.88

The Canadian dollar faded 0.46 cents at 76.92 cents U.S.

The surge, however small, was led by tech stocks, as BlackBerry gained six cents to $10.38.

Industrials moved ahead, as Canadian Pacific Railway gathered $2.10, or 1.1%, to $199.03, while rival Canadian National gained 68 cents to $84.64.

Energy stocks came out slightly ahead, as EnCanada Corp. picked up 10 cents to $12.90.

Among utilities, Ontario Hydro sagged three cents to $26.28

In another losing group, telecoms, BCE faded 30 cents to $61.62, while TELUS Corp. doffed seven cents to $43.10.

ON BAYSTREET
The TSX Venture Exchange added 3.6 points to 805.53

The 12 subgroups were evenly divided between gainers and losers, as information technology moved skyward 0.7%, industrials strengthened 0.5%, and energy was 0.3% to the good.

The half-dozen laggards were weighed most by utilities, down 1.1%, telecoms, off 0.5%, and real-estate, trailing Thursday’s finish by 0.4%.

ON WALLSTREET

Equities in the United States closed mixed on Friday, with utilities lagging, as investors digested remarks made by Federal Reserve Chair Janet Yellen and Vice Chairman Stanley Fischer.

The Dow Jones Industrials fell 63.9 points to 18,384.51, with Verizon leading decliners and Intel the top advancer.

The S&P 500 sagged 3.43 points to 2,169.04, with utilities leading nine sectors lower and health-care the only riser.

The NASDAQ Composite regained 6.71 points to 5,218.92. While up on the day, the tech-heavy index finished lower on the week for the first time in eight weeks.

Fischer spoke after Yellen, who said in a much-anticipated speech Friday at the central bank's annual Jackson Hole, Wyoming summit that the case for a rate hike has gained strength "in recent months."

Market expectations for a rate hike in September, the Fed's next meeting, were at 18%, according to some prognosticators.

Investors also digested the second read on second-quarter U.S. gross domestic product, which showed growth of 1.1%, down from the initial read of 1.2%.

Prices for the 10-year Treasury slid, raising yields to 1.62% from Thursday’s 1.58%. Treasury prices and yields move in opposite directions.

Oil prices were unchanged at $47.33 U.S. a barrel

Gold prices fell 20 cents at $1,324.40 U.S. an ounce.





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<![CDATA[Stocks in Play: NGEx Resources Inc.]]>Fri, 26 Aug 2016 09:45:33 ESThttp://baystreet.ca/articles/stocksinplay.aspx?id=21001Friday, August 26, 2016

09:45 AM EST - NGEx Resources Inc. : And Filo Mining Corp. announced that Filo Mining has received confirmation from the TSX Venture Exchange that the conditions for listing have been satisfied and the TSXV has issued its Final Exchange Bulletin on August 25, confirming the approval of the listing of the common shares of Filo Mining on the TSXV. NGEx Resources Inc. (T.NGQ) shares were unchanged at 1.09.

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<![CDATA[Stocks in Play: Filo Mining Corp. ]]>Fri, 26 Aug 2016 09:45:33 ESThttp://baystreet.ca/articles/stocksinplay.aspx?id=21002Friday, August 26, 2016

09:46 AM EST - Filo Mining Corp. : And NGEx Resources Inc. announced that Filo Mining has received confirmation from the TSX Venture Exchange that the conditions for listing have been satisfied and the TSXV has issued its Final Exchange Bulletin on August 25, confirming the approval of the listing of the common shares of Filo Mining on the TSXV. Filo Mining Corp. (V.FIL) shares were unchanged at 0.27.

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<![CDATA[Stocks in Play: Ritchie Bros.]]>Fri, 26 Aug 2016 09:45:33 ESThttp://baystreet.ca/articles/stocksinplay.aspx?id=21003Friday, August 26, 2016

09:47 AM EST - Ritchie Bros. : Conducted its fourth Houston, Texas auction of the year this week, selling close to 4,300 equipment items and trucks over two days for $53+ million U.S. Ritchie Bros. (T.RBA) shares were up $0.23 at 36.42.

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<![CDATA[Stocks in Play: Anaconda Mining Inc.]]>Fri, 26 Aug 2016 09:45:33 ESThttp://baystreet.ca/articles/stocksinplay.aspx?id=21004Friday, August 26, 2016

09:48 AM EST - Anaconda Mining Inc. : Reported its financial and operating results for the fiscal year ended May 31, 2016. The Company sold 16,023 ounces of gold in fiscal 2016 resulting in $24,361,471 in revenue at an average sales price of $1,520 per ounce. Cash cost per ounce sold at the Point Rousse Project for fiscal 2016 was $1,081. Earnings before interest, taxes, depreciation and amortization and other non-cash expenses ("EBITDA") at the project level were $7,036,401. Net income for the year ended May 31, 2016 was $195,449. Anaconda Mining Inc. (T.ANX) shares were unchanged at 0.11.

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<![CDATA[Stocks in Play: Cargojet Inc. ]]>Fri, 26 Aug 2016 09:45:33 ESThttp://baystreet.ca/articles/stocksinplay.aspx?id=21005Friday, August 26, 2016

11:30 AM EST - Cargojet Inc. : Has increased the size of its previously announced public offering to $115 million aggregate principal amount of convertible unsecured subordinated debentures due December 31, 2021 at a price of $1,000 per Debenture. The transaction was increased from the original amount of $100 million. Cargojet Inc. (T.CJT) shares were up $0.47 at 39.62.

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<![CDATA[Stocks in Play: West African Resources]]>Fri, 26 Aug 2016 09:45:33 ESThttp://baystreet.ca/articles/stocksinplay.aspx?id=21006Friday, August 26, 2016

11:34 AM EST - West African Resources : Has repaid the $5-million U.S. loan facility to the Metals & Energy Capital Division of Macquarie Bank Limited (Macquarie) ahead of its maturity date on September 30. West African Resources (V.WAF) shares were unchanged at 0.32.

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<![CDATA[Stocks in Play: Renaissance Oil Corp.]]>Fri, 26 Aug 2016 09:45:33 ESThttp://baystreet.ca/articles/stocksinplay.aspx?id=21007Friday, August 26, 2016

11:34 AM EST - Renaissance Oil Corp. : Announced the Company has entered into a license contract for the development of the Pontón block in Veracruz, Mexico. Pontón is approximately 12km² (2,965 acres) and now the fourth property, in Mexico, to be operated by Renaissance. Renaissance Oil Corp. (V.ROE) shares were up $0.025 at 0.27.

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<![CDATA[Stocks in Play: Auryn Resources Inc.]]>Fri, 26 Aug 2016 09:45:33 ESThttp://baystreet.ca/articles/stocksinplay.aspx?id=21008Friday, August 26, 2016

11:36 AM EST - Auryn Resources Inc. : Announced that the plan of arrangement, pursuant to which Auryn will acquire all of the issued and outstanding common shares of Homestake Resource Corporation was approved by Homestake shareholders at the special meeting of Homestake shareholders held on August 25. Auryn Resources Inc. (V.AUG) shares were up $0.20 at 3.36.

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<![CDATA[Stocks in Play: Pivot Technology Solutions, Inc.]]>Fri, 26 Aug 2016 09:45:33 ESThttp://baystreet.ca/articles/stocksinplay.aspx?id=21009Friday, August 26, 2016

03:45 PM EST - Pivot Technology Solutions, Inc. : Today published its results for the second quarter ended June 30, 2016. Revenues were $373.7 million, up 4.4% compared to Q2 2015, attributable primarily to strong product sales. Gross profit was up $1.3 million, or 2.9%, to $46.6 million from the same period in the prior year. Adjusted EBITDA* came in at $9.1 million, down 8.0% from Q2 2015. Pivot Technology Solutions, Inc. (V.PTG) shares were down $0.01 at 0.45.

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<![CDATA[Stocks in Play: Lithium Americas Corp.]]>Fri, 26 Aug 2016 09:45:33 ESThttp://baystreet.ca/articles/stocksinplay.aspx?id=21010Friday, August 26, 2016

03:47 PM EST - Lithium Americas Corp. : Provided an update on the Cauchari-Olaroz Lithium Project joint venture with Sociedad Química y Minera de Chile S.A. in Jujuy province, Argentina. The Board of the joint venture company, Minera Exar S.A., has recently been authorized to proceed with development planning for 50,000 tonnes per annum ("tpa") of lithium carbonate equivalent production capacity from Cauchari based on the following parameters: (i) a two-stage development consisting of an initial phase at 25,000 tpa LCE capacity, followed by a second stage at 25,000 tpa LCE capacity; and (ii) a timeline targeting full stage one production during 2019. Lithium Americas Corp. (T.LAC) shares were down $0.04 at 0.89.

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<![CDATA[Apple (AAPL) Music and Apple Services are Turning into Giants]]>Fri, 26 Aug 2016 06:37:27 ESThttp://baystreet.ca/articles/stockstowatch.aspx?id=1314Friday, August 26, 2016

Apple (AAPL) Music and Apple Services are Turning into Giants


PREFACE

It turns out that the Apple Inc. (NASDAQ:AAPL) music streaming service is turning into a pretty big win for the company and Apple services is turning into a giant.

STORY: START WITH MUSIC

Apple Inc. introduced its music streaming service a year ago and it was simple. Pay $10, get your music on. It entered an industry with some larger players, like Pandora and most famously Spotify, which at the time had 24 million subscribers. As of today, an estimate from MIDiA Research estimates puts Apple Music at a staggering 16 million paying subscribers, already.

While there's a story to be told around Apple's strategy to get in nice and close with some music's greatest stars, the real story surrounds the success that the company has driven in just a year, the success it may now bring with new deals, and further, the success it is driving in its broader Apple Services segment.

SUCCESS: SERVICES

Apple Inc. (NASDAQ:AAPL) found success by using its greatest asset of them all -- its existing iPhone install base. Whether new iPhone sales slow, or even shrink, the install base of the iPhone is growing. That collection of people gives Apple an incredible advantage in selling services like Apple Pay, Apple Music, and others.

Here's a chart from a Bloomberg article which plots the impressive growth in Apple Music -- but also gives us time for pause.



Source: Bloomberg

This isn't an Apple Music story, it's an Apple Services story. Tim Cook so eloquently put it on the last earnings call when he said that Apple Services in and of itself will be large enough to be a Fortune 100 company by next year. That's impressive considering Apple Services only makes up about 14% of total Apple Inc. revenue.

For some context, here is a chart of services revenue and a little tidbit about Facebook.



We can see that Apple Inc. services is larger than all of Facebook's revenue. Now, that will change by next year, as Facebook is still seeing 50% growth rates while Apple Services will grow at a slower pace, but the point is, 14% of Apple's business is the size of Facebook. It's happening – Apple is diversifying. Here's a better image of the trend:



Services never made up more than 12% of Apple's revenue, now it stands at 14%. Certainly the shrinking iPhone sales have made the comparison a little easier for services, but in general, the trend is higher, and it's only the beginning.

Apple Pay is a booming business. At its core, Apple Pay is a mobile payment application – swipe your phone and Pay. That little piece is in and of itself rather genius in that it ends the need for credit cards and passwords while adding convenience and security. The trend is astonishing, in general for mobile Pay:



Even better, Apple announced that it would bring Apple Pay first to mobile e-commerce sites, and then to the broader web. For any Apple product owner, whether it be an iPhone, iPad, iMac, MacBook or other computing device, a purchase online, mobile or otherwise, has become as simple as touching the screen. Apple has turned our fingerprints into our credit cards, PayPal accounts, debit cards and cash. It is, effectively, the "password killer."

We could go on and on with Apple pays explosive adoption in China and on to other Apple Inc. (NASDAQ:AAPL) services, but the point is more easily drawn out in one sentence:

Apple is turning its install base into a gigantic services company that will grow independently of iPhone sales.

That is the bullish thesis for Apple. The rapid success of Apple Music is yet another empirical data point. Next up for Apple is augmented reality (patent filed), Social media (patent filed) and medical technology services (patent filed).

To really understand Apple, beyond the headlines, we encourage you to try CML Pro where we divulge not only the patent filing and the context, but also the smaller known gems that will power these revolutionary themes that Apple, Google, Amazon and Facebook are chasing down.

The author is long Apple Inc. (NASDAQ:AAPL) shares.

WHY THIS MATTERS

There's so much going on with Apple, Google and Facebook that it's nearly impossible to keep up with. But the real gems are the smaller companies that will power the technological revolutions that these three giants will get behind. These are the companies that win, no matter which of the big three own a market.

It's identifying trends and companies like this this that allows us to find the 'next Apple' or the 'next Google.' This is what CML Pro does. Our research sits side-by-side with Goldman Sachs, Morgan Stanley and the rest on professional terminals, but we are the anti-institution and break the information advantage the top .1% have.

Each company in our 'Top Picks' is the single winner in an exploding thematic shift like artificial intelligence, Internet of Things, drones, biotech and more. For a limited time we are offering CML Pro at a 90% discount for $10/mo. with a lifetime guaranteed rate. Join Us: Get the most advanced premium research delivered to your inbox along with access to visual tools and data that until now has only been made available to the top 1%.

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<![CDATA[Markets, Dollar, Await Yellen's Wyoming Speech ]]>Fri, 26 Aug 2016 09:55:46 ESThttp://baystreet.ca/articles/forex_trader.aspx?id=26947
Experts expect a range today of $1.2865 to $1.2987 Canadian for the U.S. dollar.

German Consumer Confidence headlined at 10.2, beating expectations of 9.9. This initially sent the euro higher but it has since retraced back to its open prior to Yellen’s speech. Euro still remains well bid against the U.S. dollar and trades near the top of its two month high.

The sterling is flat as it trades in a tight range. Reactions was muted to the release of Preliminary GDP data for Q2 which came in as expected at 0.6% QoQ and 2.2% YoY. Short-term technical indicators are neutral with bias to downside weakness.

The Australian dollar is getting a boost today from the jump in commodity prices. Precious and industrial metals are mostly higher with copper trading 0.31% higher this morning. The New Zealand dollar also resumed its upward move with the kiwi testing a new multi-month high against the U.S. dollar. The main risk event today will be Yellen’s speech at the Jackson Hole Symposium.

Oil (WTI): $47.37

Gold: $1,329.21

Silver: $18.728

Copper: 4209.00

Dollar Index: 94.6]]>
<![CDATA[Baystreet.ca’s Top Stories of The Week: HLF, TSLA, SCTY, GME]]>Fri, 26 Aug 2016 06:52:45 ESThttp://www.baystreet.ca/articles.aspx?id=35164
Herbalife

Carl Icahn and Bill Ackman made headlines again over Herbalife Ltd. (NYSE:HLF).

According to reports in the Wall Street Journal, billionaire investor Carl Icahn offered to sell his stake in the company to a group of investors headed by Bill Ackman, who has been persistent short seller of shares. Herbalife sank in pre-market trading on the news, down about 6%.

After trading finished for the day a very different story emerged. It turns out Icahn was a buyer, picking up more than 2.3 million shares on the dip. He now owns 20.8% of the company.

Elon Musk

Tesla Motors (NASDAQ:TSLA) got permission from regulators to move ahead on its proposed takeover of Solarcity Corp (NASDAQ:SCTY) this week. The next step is preparing the documents for shareholders to vote.

Tesla also announced the release of a new Model S car, which now has a bigger battery. The newly upgraded model can go from 0 to 60 miles per hour in 2.5 seconds and can go 315 miles without needing a charge.

Gamestop

Struggles at Gamestop Corp (NYSE:GME) continued this week, with the troubled video game retailer reporting an 11% plunge in same store sales. Shares fell more than 10% on the day, closing at $28.74, close to a 52-week low. Guidance was better for the rest of the year, however.

Gamestop pays a 5.2% dividend and trades at just 7.7 times trailing earnings, but investors are concerned the future of physical media is dire.
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<![CDATA[Apple (AAPL) Music and Apple Services are Turning into Giants]]>Fri, 26 Aug 2016 06:37:20 ESThttp://www.baystreet.ca/articles.aspx?id=35163
It turns out that the Apple Inc. (NASDAQ:AAPL) music streaming service is turning into a pretty big win for the company and Apple services is turning into a giant.

STORY: START WITH MUSIC

Apple Inc. introduced its music streaming service a year ago and it was simple. Pay $10, get your music on. It entered an industry with some larger players, like Pandora and most famously Spotify, which at the time had 24 million subscribers. As of today, an estimate from MIDiA Research estimates puts Apple Music at a staggering 16 million paying subscribers, already.

While there's a story to be told around Apple's strategy to get in nice and close with some music's greatest stars, the real story surrounds the success that the company has driven in just a year, the success it may now bring with new deals, and further, the success it is driving in its broader Apple Services segment.

SUCCESS: SERVICES

Apple Inc. (NASDAQ:AAPL) found success by using its greatest asset of them all -- its existing iPhone install base. Whether new iPhone sales slow, or even shrink, the install base of the iPhone is growing. That collection of people gives Apple an incredible advantage in selling services like Apple Pay, Apple Music, and others.

Here's a chart from a Bloomberg article which plots the impressive growth in Apple Music -- but also gives us time for pause.



Source: Bloomberg

This isn't an Apple Music story, it's an Apple Services story. Tim Cook so eloquently put it on the last earnings call when he said that Apple Services in and of itself will be large enough to be a Fortune 100 company by next year. That's impressive considering Apple Services only makes up about 14% of total Apple Inc. revenue.

For some context, here is a chart of services revenue and a little tidbit about Facebook.



We can see that Apple Inc. services is larger than all of Facebook's revenue. Now, that will change by next year, as Facebook is still seeing 50% growth rates while Apple Services will grow at a slower pace, but the point is, 14% of Apple's business is the size of Facebook. It's happening – Apple is diversifying. Here's a better image of the trend:



Services never made up more than 12% of Apple's revenue, now it stands at 14%. Certainly the shrinking iPhone sales have made the comparison a little easier for services, but in general, the trend is higher, and it's only the beginning.

Apple Pay is a booming business. At its core, Apple Pay is a mobile payment application – swipe your phone and Pay. That little piece is in and of itself rather genius in that it ends the need for credit cards and passwords while adding convenience and security. The trend is astonishing, in general for mobile Pay:



Even better, Apple announced that it would bring Apple Pay first to mobile e-commerce sites, and then to the broader web. For any Apple product owner, whether it be an iPhone, iPad, iMac, MacBook or other computing device, a purchase online, mobile or otherwise, has become as simple as touching the screen. Apple has turned our fingerprints into our credit cards, PayPal accounts, debit cards and cash. It is, effectively, the "password killer."

We could go on and on with Apple pays explosive adoption in China and on to other Apple Inc. (NASDAQ:AAPL) services, but the point is more easily drawn out in one sentence:

Apple is turning its install base into a gigantic services company that will grow independently of iPhone sales.

That is the bullish thesis for Apple. The rapid success of Apple Music is yet another empirical data point. Next up for Apple is augmented reality (patent filed), Social media (patent filed) and medical technology services (patent filed).

To really understand Apple, beyond the headlines, we encourage you to try CML Pro where we divulge not only the patent filing and the context, but also the smaller known gems that will power these revolutionary themes that Apple, Google, Amazon and Facebook are chasing down.

The author is long Apple Inc. (NASDAQ:AAPL) shares.

WHY THIS MATTERS

There's so much going on with Apple, Google and Facebook that it's nearly impossible to keep up with. But the real gems are the smaller companies that will power the technological revolutions that these three giants will get behind. These are the companies that win, no matter which of the big three own a market.

It's identifying trends and companies like this this that allows us to find the 'next Apple' or the 'next Google.' This is what CML Pro does. Our research sits side-by-side with Goldman Sachs, Morgan Stanley and the rest on professional terminals, but we are the anti-institution and break the information advantage the top .1% have.

Each company in our 'Top Picks' is the single winner in an exploding thematic shift like artificial intelligence, Internet of Things, drones, biotech and more. For a limited time we are offering CML Pro at a 90% discount for $10/mo. with a lifetime guaranteed rate. Join Us: Get the most advanced premium research delivered to your inbox along with access to visual tools and data that until now has only been made available to the top 1%.
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<![CDATA[Facebook (FB) To Monetize WhatsApp]]>Fri, 26 Aug 2016 01:33:47 ESThttp://www.baystreet.ca/articles.aspx?id=35162
The opportunities for Facebook Inc. (NASDAQ:FB) seem endless, as the company has now announced plans to monetize its 1 billion users messaging segment, WhatsApp.

STORY

Facebook Inc. (NASDAQ:FB) proper has 1.7 billion monthly average users, while its Instagram app has nearly 500 million. Facebook Messenger will top 1 billion monthly average users this year and WhatsApp has over a billion already.

The incredible thing for Facebook is that only Facebook proper has been fully monetized, while Instagram is just getting started. Said differently, the company has a ton of room to grow with its other properties. Check out this all-time revenue chart.



That preposterous growth is really just the beginning. Instagram is now finding its run, quickly turning into a revenue driver and a powerful defense for Facebook against Snapchat. In fact, when the data over the Olympics was divulged, the engagement rate on Instagram was higher than on Facebook Proper.

Here is how that revenue growth looks relative to every other company with a market cap above $150 billion.



We have highlighted Alibaba (BABA), Amazon.com (AMZN), Alphabet (GOOGL), Apple (AAPL) and Microsoft (MSFT) for context.

In what can only be called an embarrassment of riches, Facebook Inc. is now turning to WhatsApp for yet more growth. Here's a snippet from a Bloomberg report.

"Facebook Inc. is laying the groundwork for its free messaging service WhatsApp to begin making money, easing its privacy rules so data can be used for Facebook advertising and allowing businesses to message its more than one billion users.

It's the first step toward monetizing the platform []."

THE PROBLEM

While this is the obvious next move for Facebook Inc., it turns out there may actually be a bit of a problem. This change in user data policy does actually fly in the face of the original founder's idea of WhatsApp and that means, its users as well.

WhatsApp users are supposed to feel safe that their data is not shared with outside parties. A tricky little bit and a fair question -- is Facebook "an outside party." The reality will likely be that the shared data and policy change will work, very few, if any, users will actually abandon WhatsApp and now Facebook Inc. has new real estate to sell ads in Asia, where WhatsApp is most popular.

The author has no position in Facebook Inc. (NASDAQ:FB) shares.

WHY THIS MATTERS

There's so much going on with Apple, Google and Facebook that it's nearly impossible to keep up with. But the real gems are the smaller companies that will power the technological revolutions that these three giants will get behind. It's identifying trends and companies like this this that allows us to find the 'next Apple' or the 'next Google.'

This is what CML Pro does. Our research sits side-by-side with Goldman Sachs, Morgan Stanley and the rest on professional terminals, but we are the anti-institution and break the information advantage the top .1% have.

Each company in our 'Top Picks' is the single winner in an exploding thematic shift like artificial intelligence, Internet of Things, drones, biotech and more. For a limited time we are offering CML Pro at a 90% discount for $10/mo. with a lifetime guaranteed rate. Join Us: Get the most advanced premium research delivered to your inbox along with access to visual tools and data that until now has only been made available to the top 1%.
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<![CDATA[Twitter (TWTR) Aims to End Harassment]]>Fri, 26 Aug 2016 01:28:23 ESThttp://www.baystreet.ca/articles.aspx?id=35161
Twitter has announced an initiative to end harassment on the platform.

STORY

Twitter stock has been plagued by many things from slowed user growth, slowed revenue growth and a general feeling that outsiders can’t quite grab onto a meaningful reason to stay on the platform. But rolled up into that mess is the ugliest of them all -- Twitter has a harassment problem.

Unlike Facebook, where users generally create a profile that is personal, as opposed to anonymous, Twitter plays a different role. Twitter users are often times anonymous, with no real distinctive information about them, sometimes even with just the generic egg profile avatar. That anonymity has created an opening for some pretty burdensome and at times awful harassment.

It's not that Facebook doesn't have harassment as well, it's that the two platforms differ on the type of interaction they focus on, and that difference has made Twitter more susceptible to poor conduct.

While Facebook generally focuses on a community of friends that we already know before we even sign up for our accounts, Twitter is a little different -- focusing on times at people we do not yet know.

Twitter's harassment problems have been famed -- high profile users in many industries have dropped their accounts, or left for some period of time due to overwhelming negativity that just makes it not worth it. While Twitter has said all the right things, its actions are seen by some as too slow, too little and maybe, too late.

A NEW INITIATIVE

But Bloomberg has reported that now Twitter has taken the bull by the horns. Here's a snippet:

"The San Francisco-based company has been discussing how to implement the tool for about a year as it seeks to stem abuse on the site, said the people, who asked not to be identified because the initiative isn't public. By using keywords, users could block swear words or racial slurs, for example, to screen out offenders.

The company has spent the past few months consulting with an outside council of anti-harassment groups about its strategy for addressing the issue, which has become one of Chief Executive Officer Jack Dorsey's top priorities."

Source: Bloomberg

The hope here is that the filtering tool will allow the harassed to quickly react to a tumbling onslaught by blocking keywords, hashtags, or whatever, to stop the snowball before it begins, as opposed to blocking accounts in reaction.

The author is long Twitter (NASDAQ:TWTR) shares and has no position in Facebook .

WHY THIS MATTERS

There's so much going on with Twitter, Apple, Google and Facebook that it's nearly impossible to keep up with. But the real gems are the smaller companies that will power the technological revolutions that these three giants will get behind. These are the companies that win, no matter which of the big three own a market.

It's identifying trends and companies like this this that allows us to find the 'next Apple' or the 'next Google.' This is what CML Pro does. Our research sits side-by-side with Goldman Sachs, Morgan Stanley and the rest on professional terminals, but we are the anti-institution and break the information advantage the top .1% have.

Each company in our 'Top Picks' is the single winner in an exploding thematic shift like artificial intelligence, Internet of Things, drones, biotech and more. For a limited time we are offering CML Pro at a 90% discount for $10/mo. with a lifetime guaranteed rate. Join Us: Get the most advanced premium research delivered to your inbox along with access to visual tools and data that until now has only been made available to the top 1%.
]]>
<![CDATA[Top Analyst Actions: BADFF, BURL, SHLM, PQ, GOL]]>Fri, 26 Aug 2016 12:08:01 ESThttp://www.baystreet.ca/articles.aspx?id=35160<![CDATA[Herbalife (HLF) Slides as Icahan Mulls Selling Stake ]]>Fri, 26 Aug 2016 11:30:07 ESThttp://www.baystreet.ca/articles.aspx?id=35159<![CDATA[Talend SA (TLND) Loses Ground on Q2 Loss ]]>Fri, 26 Aug 2016 11:27:47 ESThttp://www.baystreet.ca/articles.aspx?id=35158<![CDATA[Himax Technologies (HIMX) Hikes After Thursday Decline]]>Fri, 26 Aug 2016 11:24:20 ESThttp://www.baystreet.ca/articles.aspx?id=35157<![CDATA[Ocwen Financial (OCN) Gains on Consent Order]]>Fri, 26 Aug 2016 11:22:03 ESThttp://www.baystreet.ca/articles.aspx?id=35156<![CDATA[Pure Storage (PSTG) Down on Q2 Results]]>Fri, 26 Aug 2016 11:20:01 ESThttp://www.baystreet.ca/articles.aspx?id=35155