Categories: Social Media News

The Globe’s stars and dogs for the week

Canada Goose Holdings Inc. (DOG)

GOOS – TSX

Contrary to what some people believe, it’s not necessary to spend upward of $1,000 on a Canada Goose parka to stay warm this winter. You could, for example, coat your skin with seal blubber before venturing outside. Or line your existing jacket with bubble wrap for insulation. Or spend 100 bucks on a coat from Canadian Tire. Consumers are finding plenty of low-cost ways to stay warm, judging by Canada Goose Holdings’ struggling stock price. The shares were left out in the cold after Wells Fargo downgraded the company to “underweight” from “equal weight” and cut its price target to $12 from $16, citing China’s sluggish economy and declining social-media mentions of the brand. Brrrr.

Oklo Inc. (STAR)

OKLO – NYSE

When you’re operating power-hungry AI data centres, you need a stable source of electricity. Sure, you could ask your employees to ride stationary bicycles hooked up to a giant generator, but they’re going to get tired. That’s where nuclear power comes in. Shares of Oklo, a nuclear power startup backed by OpenAI CEO Sam Altman, have been surging since late September when Microsoft signed a long-term deal with Constellation Energy to provide nuclear power for the computing giant’s data centres. With Amazon.com and Google parent Alphabet also recently signing deals for nuclear power, Oklo plans to build small modular reactors to cash in on the trend. Investors are glowing with delight.

Lithium Americas Corp. (STAR)

LAC – TSX

Test your business knowledge! Shares of Lithium Americas rose after the Vancouver-based miner: a) opened its first Lithium Land amusement park, where children can dig up ore deposits, crush them with powerful machines and apply intense heat and sulfuric acid to produce battery-grade lithium carbonate; b) Tesla CEO Elon Musk offered to buy the company for $1.5-billion, saying he needs “an enormous amount of lithium to make batteries for the millions of robotaxis I keep promising will be on the road any year now”; c) announced that General Motors will contribute US$625-million toward development of Lithium Americas’ Thacker Pass project in Nevada, which will provide raw materials for GM’s electric vehicle batteries. Answer: c.

Netflix Inc. (STAR)

NFLX – Nasdaq

More consumers were bingeing on Netflix shows during the third quarter. Now, investors are bingeing on the stock. Shares of the streaming giant jumped to a record high after Netflix added 5.1 million users in the latest quarter, topping estimates for subscriber growth by more than one million. Revenue and earnings also beat expectations, thanks to price increases, growth in the company’s ad-supported tier and hit shows such as Outer Banks and Monsters: The Lyle and Erik Menendez Story. With more than 20 analysts raising their price targets on the shares, investors can afford to retire and watch Netflix full time.

Walgreens Boots Alliance Inc. (STAR)

WBA – Nasdaq

Talk about shrinking your way to greatness. The beaten-down shares of Walgreens Boots Alliance posted a double-digit advance after the struggling U.S. pharmacy chain narrowly topped fiscal fourth-quarter adjusted earnings estimates and said it will close about 1,200 of its roughly 8,000 stores over the next three years. With Walgreens battling soft consumer spending and low drug reimbursement rates, “this turnaround will take time, but we are confident it will yield significant financial and consumer benefits over the long term,” CEO Tim Wentworth said. Heck, the stock’s only trading near a 30-year low. No rush.

Social Media Asia Editor

Recent News

This year has been a struggle for Leona Maguire but she plans to turn that around

In Leona Maguire’s season the Solheim Cup was where the pus rose to the surface…

7 hours ago

Hey, Japanese taxi driver! Take us to the best horror in Tokyo!

We treat ourselves to all-we-can-drink tears and sweat. Long-time readers of our site are probably…

11 hours ago

Why Delhi HC is angry with Wikipedia for calling ANI a ‘government propaganda tool’

A Wikipedia logo is seen on a tablet screen. | AFP It started off as…

11 hours ago

New initiative launched to require votes before Switzerland accepts EU law

Currently, Switzerland is negotiating an update to its relationship with the EU. Some fear the…

13 hours ago

5 most popular Vanguard ASX ETFs for investment

ASX ETF provider Vanguard has revealed its five most popular exchange-traded funds (ETFs) among investors during…

15 hours ago