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Globe and Mail
32 minutes ago
- Globe and Mail
Why Dollar General Stock Jumped 18% in June
Shares of Dollar General (NYSE: DG) were among the winners last month as the discount retailer soared on better-than-expected results in its first-quarter earnings report and benefited from an upward trend in the stock market over the rest of the month. In the end, it was enough to push the retail stock up 18% for June, according to data from S&P Global Market Intelligence. As you can see from the chart below, nearly all of the stock's gains came on the earnings report early in the month. DG data by YCharts Dollar General has some good news Dollar General had historically been a strong performer on the stock market, but it plunged in 2023 as its growth and profits fell. However, the stock now seems to be regaining its footing after starting to implement its "Back to Basics" plan and benefiting from changing consumer shopping patterns. The company showed off these trends in its first-quarter earnings report as same-store sales ticked up 2.4%, driving net sales up 5.3% to $10.4 billion, which beat estimates at $10.29 billion. Dollar General benefited from initiatives it took as part of its Back to Basics plan, including reducing out-of-stocks and ensuring that the point-of-sale area was adequately staffed, but management also said that it was benefiting from consumers' trading down in an apparent response to concerns about tariffs and a weakening economy. After several quarters of declining profits, Dollar General reversed course, posting a 5.5% increase in operating profit to $576.1 million, and earnings per share was up 7.9% to $1.78, which topped the consensus at $1.49. It also raised its guidance for the year as it now sees revenue growth of 3.7% to 4.7%, up from 3.4% to 4.4%, and earnings per share of $5.20 to $5.80, up from an earlier range of $5.10 to $5.80. The rest of the month was mostly uneventful for the retailer, though Goldman Sachs downgraded the stock from buy to neutral on June 24, and the stock shrugged off that downgrade. What's next for Dollar General The retailer appears to be benefiting from the current macro environment and is getting back on track after the latest report. While the company still has work to do to execute on the turnaround, Dollar General has a lot of upside potential over the long term, as the stock would double just by getting back to its previous peak. Should you invest $1,000 in Dollar General right now? Before you buy stock in Dollar General, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Dollar General wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $722,181!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $968,402!* Now, it's worth noting Stock Advisor 's total average return is1,069% — a market-crushing outperformance compared to177%for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of June 30, 2025
Globe and Mail
2 hours ago
- Globe and Mail
Why Uber Stock Was in the Fast Lane in June
The biggest story in June concerning autonomous driving was Tesla 's long-awaited robotaxi launch, but the news surrounding Uber Technologies (NYSE: UBER) could have a bigger impact in the near term. Shares of Uber climbed 10.9% in June, according to data provided by S&P Global Market Intelligence, on investor excitement about the company offering autonomous rideshare services in a second major U.S. market. Uber and Waymo extend their alliance Uber is perhaps the biggest name in ridesharing and initially had hoped to develop its own self-driving vehicle, but the company, in recent years, has been more focused on partnering with others. The approach has allowed Uber to offer customers in select markets access to self-driving vehicles well ahead of its competition. In June, Uber began offering self-driving rides in Atlanta using Alphabet 's Waymo service. Uber is the only way to book Waymo rides across a 65-square-mile stretch of the Georgia city. This is the second market where the two companies have partnered. Uber said that there are about 100 Waymo vehicles in Austin, Texas, available on its platform and said customers have given the Waymo vehicles an average rating of 4.9 out of 5 stars. Is Uber stock a buy? For years, investors have seen proprietary autonomous technology as a must-have for companies hoping to offer autonomous rideshare services. But as the vehicles roll out from a number of vendors in the years to come, it appears the actual technology could become commoditized. Uber, by virtue of the size and reach of its app and existing platform, has a built-in advantage of a ready-made customer list. By partnering with Waymo and other vendors, Uber gets the best of both worlds: Advancing driverless rideshare without spending billions to develop the tech. Investors excited about the potential of autonomous rideshare should consider giving Uber shares a test drive. Should you invest $1,000 in Uber Technologies right now? Before you buy stock in Uber Technologies, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Uber Technologies wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $722,181!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $968,402!* Now, it's worth noting Stock Advisor 's total average return is1,069% — a market-crushing outperformance compared to177%for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of June 30, 2025
CBC
2 hours ago
- CBC
Trade tensions overshadow Canada Day celebrations in Washington
Trade tensions between Canada and the U.S. cast a shadow over traditional Canada Day events in Washington, but many expressed hope the relationship between the two countries isn't beyond repair.
