Shopify Earnings: Strong Quarter but Mixed Guidance Ahead
Editor’s Note: This analysis was originally published as a stock note by Morningstar Equity Research. Shopify’s SHOP first-quarter results were in line with the company’s outlook. Revenue increased 27% year over year to $2.36 billion, compared with the outlook for mid-20% growth, while operating margin was 13.9%. Guidance includes current trends continuing. Why it matters: […]
Manulife Earnings: A Growth Narrative in Asian Markets
Editor’s Note: This analysis was originally published as a stock note by Morningstar Equity Research. Manulife MFC posted strong numbers, with impressive growth in the Asian business. The firm reported core earnings of C$1.77 billion, or C$0.99 per share, in the first quarter, up 3% compared with the previous year. Adjusted return on equity was […]
Poll: Idaho Residents Prioritize Conservation of Public Lands Over Oil and Gas Development
Poll: Idahoans Strongly Favor Public Lands Conservation Over Oil and Gas Development | Idaho LEWISTON, ID—As debates continue over the future of America’s public lands, a new bipartisan poll shows that Idahoans—alongside voters across the West—overwhelmingly support conservation over energy development. In fact, support for protecting clean water, wildlife habitat, and public access to outdoor […]
May 2025 U.S. Stock Market Forecast: In the Eye of the Storm
• The US stock market is trading at an 8% discount. • Investors should look to market-weight stocks overall but overweight value and core. • Sector valuations rise toward fair value from deeply undervalued levels, and energy is increasingly attractive. May 2025 US Stock Market Outlook and Valuation As of April 30, 2025, according to […]
Strategic Growth and Record Net Income
Record Net Income and Strategic … Underlying EPS: $1.82, up 21% year over year. Underlying Net Income: $1.045 billion, a record high. Reported Net Income: $928 million. Underlying ROE: 17.7%. LICAT Ratio: 149%. Cash at SLF Holdco: $1.3 billion. Share Buybacks: $520 million of common shares repurchased. Dividend Increase: 5% increase announced. SLC Management Capital […]
The Magnificent Seven at the Helm of the Stock Market
• The megacap tech stocks that make up the “Magnificent Seven” have led the market’s recovery over the past month. • That’s a big change from earlier in the year, when “old economy” stocks like financials and healthcare led, while tech fell out of favor. • Strategists say Big Tech offers investors structural advantages over […]
15 States File Lawsuit Against Trump’s Initiative to Accelerate Oil and Gas Projects
15 states sue over Trump’s move to fast-track oil and gas projects Over a dozen largely Democratic states are suing President Trump’s administration over his efforts to fast-track energy projects, saying the administration is bypassing environmental protection laws. Mr. Trump issued an executive order declaring a “national energy emergency” on the first day of his […]
Likelihood of Bank of Canada Interest Rate Cut Increases in…
A shocking fall in the latest job numbers and a higher-than-anticipated rise in the unemployment rate have significantly boosted the odds of an interest rate cut when the Bank of Canada makes its next decision in June. The economy added just 7,400 jobs in April, considerably undershooting the FactSet consensus estimate of 10,000. Meanwhile, the […]
BHP-Backed SolGold Shifts to Accelerated Mining Plan to Attract Investors
The Cascabel copper-gold project in Ecuador. (Image courtesy of SolGold.) SolGold Plc, an Ecuador-focused firm backed by some of the biggest names in mining, is working on options to start production at its flagship project three or four years ahead of previous plans. The company’s Cascabel project has long been heralded for its potential of […]
10% Tariffs Are Now Permanent
10% tariffs are here to stay The U.K. and U.S. agreed to a landmark trade deal on Thursday — yet the agreement appears to be far from free of tariffs. The deal is the first made by the United States since President Donald Trump unveiled his so-called reciprocal tariffs on countries around the world last […]