Canada Post and union 'still far apart' as negotiations continue
CTV's Jeremie Charron reports on the ongoing Canada Post negotiations, key sticking points, and why no deal has been reached yet.
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Globe and Mail
16 minutes ago
- Globe and Mail
5 Momentum Picks for Third-Quarter 2025 After a Stellar Second Quarter
Wall Street closed at a record-high level despite facing a turbulent first half of 2025. The second quarter of 2025 was the best quarter for U.S. stocks over the past year. Major stock index — the Dow, the S&P 500 and the Nasdaq Composite — surged 5%, 10.6% and 17.8%, respectively. In addition, the small-cap benchmark — the Russell 2000 — also gained 8.3%. Expectations of key trade deals and evaporation of worries of a near-term recession in the U.S. economy boosted market participants sentiments. The Fed also indicated two more cuts in the benchmark lending rate in the second half of this year. At this stage, it will be prudent to invest in stocks with a favorable Zacks Rank that have momentum in the third quarter. Five such stocks are: Jabil Inc. JBL, Newmont Corp. NEM, HEICO Corp. HEI, Rockwell Automation Inc. ROK and The Estée Lauder Companies Inc. EL. Each of the stocks sports a Zacks Rank #1 (Strong Buy) at present and has a Zacks Momentum Score of A or B. You can see the complete list of today's Zacks #1 Rank stocks here. The chart below shows the price performance of our five picks in the past month. Jabil Inc. Jabil has been benefiting immensely from healthy momentum in capital equipment, AI-powered data center infrastructure, cloud, and digital commerce business verticals. Its focus on end-market and product diversification is a key catalyst. Jabil's target that 'no product or product family should be greater than 5% operating income or cash flows in any fiscal year' is commendable. JBL's high free cash flow indicates efficient financial management practices, optimum utilization of assets, and improved operational efficiency. Massive application of generative AI is set to drastically increase the efficiency of JBL's automated optical inspection machines for the automation industry. A large-scale portfolio of business sectors offers JBL a high degree of resiliency during times of macroeconomic and geopolitical disruption. Jabil has an expected revenue and earnings growth rate of 5.9% and 18.5%, respectively, for next year (ending August 2026). The Zacks Consensus Estimate for next-year earnings has improved 9% over the last 30 days. Newmont Corp. Newmont is making notable progress with its growth projects. NEM is likely to gain from several projects, including the Tanami expansion. The acquisition of Newcrest also created an industry-leading portfolio providing opportunities for significant synergies. Moreover, NEM remains focused on improving operational efficiency and returning value to its shareholders. Newmont has received full funds approval for its Ahafo North project, which has reached the execution stage. Commercial production for the project is expected to commence in second-half 2025. NEM remains committed to Ghana, investing $950 million to $1,050 million in development capital for Ahafo North. Newmont has an expected revenue and earnings growth rate of 2% and 24.1%, respectively, for the current year. The Zacks Consensus Estimate for current-year earnings has improved 3.3% over the last 30 days. HEICO Corp. HEICO has been witnessing increased orders for its aftermarket replacement parts and repair and overhaul parts services, backed by rising air travel. With its Flight Support Group unit being a supplier of military aircraft parts, solid U.S. defense funding should bolster order flows for HEI's defense products. To this end, it is imperative to mention that a White House report from May 2025 stated that President Trump has requested a 13% increase in the nation's defense budget to $1.01 trillion for fiscal 2026. Such solid defense funding should usher in strong order flows for HEI's defense products, thereby boosting its revenue-generation prospects. HEICO has an expected revenue and earnings growth rate of 13.2% and 23.4%, respectively, for the current year (ending October 2025). The Zacks Consensus Estimate for current-year earnings has improved 1.1% over the last 30 days. Rockwell Automation Inc. Rockwell Automation is poised to benefit from broadening its portfolio of hardware and software products, solutions, and services. ROK is also gaining traction from its investments in the cloud. Investments made by ROK across various end markets, coupled with increased automation and digital transformation, will support the company in the coming quarters. Although ROK is witnessing lower sales volumes across all segments, this will be offset by its price increase actions. ROK's solid and flexible balance sheet will mitigate the negative impacts of the contraction in manufacturing activity in recent months. Recent acquisitions will boost ROK's performance in the upcoming quarters. Rockwell Automation has an expected revenue and earnings growth rate of 6.7% and 16.1%, respectively, for next year (ending September 2026). The Zacks Consensus Estimate for next-year earnings has improved 0.3% over the last seven days. The Estée Lauder Companies Inc. The Estée Lauder Companies is focused on rebuilding profitability through its expanded Profit Recovery and Growth Plan, aiming to accelerate sales growth and restore margins. EL's 'Beauty Reimagined' is gaining traction, with a focus on innovation, expansion in digital platforms and increased consumer-facing investments. EL is streamlining operations and enhancing efficiencies through procurement and outsourcing initiatives. EL has a strong online business, which is likely to be a major growth engine for the upcoming few years. EL has spread its presence online to about 50 markets. EL has been implementing new technology and digital experiences, including online booking for each store appointment, omni-channel loyalty programs and high-touch mobile services. These initiatives and EL's digital-first mindset have been aiding its online sales. The Estée Lauder Companies has an expected revenue and earnings growth rate of 1.2% and 45.4%, respectively, for the current year (ending June 2026). The Zacks Consensus Estimate for current-year earnings has improved 0.5% over the last 30 days. 5 Stocks Set to Double Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in the coming year. While not all picks can be winners, previous recommendations have soared +112%, +171%, +209% and +232%. Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor. Today, See These 5 Potential Home Runs >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report The Estee Lauder Companies Inc. (EL): Free Stock Analysis Report Newmont Corporation (NEM): Free Stock Analysis Report Rockwell Automation, Inc. (ROK): Free Stock Analysis Report Jabil, Inc. (JBL): Free Stock Analysis Report Heico Corporation (HEI): Free Stock Analysis Report
National Post
22 minutes ago
- National Post
Joel Kotkin: The West's immigration reckoning is here
The recent riots in Los Angeles, sparked by President Trump's crackdown on undocumented immigrants, could be a harbinger to a new era of ethnic conflict not only in the U.S. but throughout the West, including Canada. Article content Many leading countries for immigrants, notably in the Middle East, may have higher percentages of international migrants, but many are only there temporarily. But in Canada, Australia, and the U.S. — where the foreign born represent between 15 and 30 per cent of the total population — most come to stay, with sometimes problematic results. Article content Article content Article content President Joe Biden changed immigration policies, allowing millions, some barely vetted, to enter at ever increasing rates, causing the number of undocumented immigrants to soar past 11 million. Until recently, former Canadian prime minister Justin Trudeau followed a similar liberalization that allowed large numbers of migrants, some coming as refugees, into the country Article content Article content In both countries, the mass migration has deepened already serious class divides as many new migrants remain poor. In Canada, one in five recent immigrants now lives in poverty, with most suffering from 'deep poverty' — an income below 75 per cent of the poverty line — compared to only five per cent of the whole population. Article content Such complexities are rarely part of the public discussion of immigration. In the U.S. legacy media spin on the crackdown focuses on the abuses and often ham handed approach used by the Trump administration in working class Latino communities. Stories of individual cases of respectable and upright families targeted by the crackdown predominate, stirring up ever more fear of a racist, even 'fascist' crackdown on minorities. Article content Article content In contrast, the MAGA view focuses on criminal migrants and radical demonstrators, some of whom have engaged in violence. The images of young protesters waving Mexican flags is offensive to many American citizens, even in California. For MAGA, the crackdown represents both a return to legality as well as a defence from hostile elements. Article content Article content Both views largely ignore a more complex, and often contradictory reality. Historically, as immigrant advocates rightly claim, the migration of peoples have been critical to the economic health, and cultural dynamism, of countries such as the United States, Canada, Australia, the United Kingdom, and France. Article content Guest workers, for example, played a critical role in the revival of Europe's economies, and steady immigration sparked growth in Canada, the U.S. and Australia. Yet as immigration levels have soared, the economic payoffs seem to be increasingly dubious, particularly when we put into account the changing structure of the labour market.
Globe and Mail
31 minutes ago
- Globe and Mail
Reddit to Announce Second Quarter 2025 Results on Thursday, July 31, 2025
Reddit, Inc. (NYSE: RDDT), announced today that the company's second quarter 2025 financial results will be released after market close on Thursday, July 31, 2025. Reddit will host a conference call to discuss its results at 2 p.m. PT / 5 p.m. ET the same day. The live webcast of the conference call and related earnings materials can be accessed at Reddit's Investor Relations website at and investor relations subreddit r/ RDDT. A replay of the webcast will also be available following the call at the same websites. Reddit will solicit questions from the community at r/RDDT on Thursday, July 31, 2025, and post responses following the earnings call at Reddit's Investor Relations website at and investor relations subreddit r/RDDT. About Reddit, Inc. Reddit is a community of communities. It's built on shared interests, passion, and trust, and is home to the most open and authentic conversations on the internet. Every day, Reddit users submit, vote, and comment on the topics they care most about. With 100,000+ active communities and 108+ million daily active unique visitors, Reddit is one of the internet's largest sources of information.
