NYSE Content advisory: Pre-Market update + first half trade to end with S&P 500 up 5.2% this year
Kristen Scholer delivers the pre-market update on June 30
S&P coming off record close, and is up 5.2% this year
Republican-controlled Senate advances President Trump's tax cut and spending bill
Canada walks back Digital Services Tax after President Trump cuts off trade talks
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Verizon Communications Inc. (NYSE: VZ) to celebrate its 25th Anniversary of Founding.
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NIRI: The Association for Investor Relations celebrates the critical role the investor relations profession plays in our capital markets
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Calgary Herald
30 minutes ago
- Calgary Herald
Oil drops after OPEC+ supply hike amplifies concerns over glut
Article content (Bloomberg) — Oil fell after OPEC+ agreed to another bumper output increase, stoking concerns about global oversupply just as the US-led trade war may be exacting a toll on economic growth and energy consumption. Article content Brent was 0.5% lower at $69.32 a barrel, while West Texas Intermediate fell below $67, after OPEC+ endorsed an additional 547,000 barrels-a-day of output from September, completing the revival of a voluntarily-halted supply tranche a year ahead of an initial timetable. Another layer — of about 1.66 million barrel-a-day of curbed output — may follow, although there's no clear signaling. Article content Article content Article content Crude is coming off the back of a three-month winning run, although prices slumped last Friday as soft US jobs data raised concern the world's largest economy was slowing following the Trump administration's wave of levies. Still, traders are weighing the possibility Washington may also move later this week against Russian oil flows, including buyers, in a bid to raise the pressure against Moscow to pause the war in Ukraine. Article content Article content The September output increase announced by OPEC+ at the weekend was as expected, and stands to complete the reversal of a cutback made by an eight-member sub-group in the wider alliance, including Saudi Arabia and Russia, in 2023. The progressive restoration of supplies over recent months has been widely seen as a concerted push by the cartel to reclaim market share against rivals such as US shale drillers, as well as other non-cartel producers. Article content Article content
Calgary Herald
4 hours ago
- Calgary Herald
OPEC+ agrees big output hike as focus shifts to its next move
Article content Russia's Deputy Prime Minister Alexander Novak made a rare visit to Riyadh on Thursday to discuss 'cooperation between the countries' with Saudi Arabian Energy Minister Prince Abdulaziz bin Salman. The two countries have jointly led OPEC+ since its creation almost a decade ago. Article content The meeting was intended for Saudi Arabia to show unity with Russia and bridge any gaps in their points of view ahead of the meeting, one of the delegates said. Article content Price Crash Article content OPEC+ sent oil prices crashing to a four-year low in early April when it announced a sudden acceleration in its plan to unwind the current tranche of cuts, with markets still reeling in the wake of Trump's dramatic 'Liberation Day' tariff announcements. Article content The alliance has followed with a series of bumper monthly increases, and sped up even further in July as it sought to capitalize on strong summer demand. Bloomberg reported at the time that the group had a provisional plan to complete the current supply revival with the September hike. Article content Article content The latest decision was taken 'in view of a steady global economic outlook and current healthy market fundamentals, as reflected in the low oil inventories,' OPEC said in a statement on Sunday. Article content Crude prices have clawed back losses in recent months, with Brent futures in London trading just below $70 a barrel on Friday — down 6.7% this year. Article content The market's resilience was partly driven by the fact that OPEC+ supply increases — at least in their initial stages — fell short of the amounts promised, as the Saudis pushed countries that had previously over-produced to forgo their allotted hikes in compensation. Article content However, analysts have warned the market faces a mounting surplus later this year, when seasonal consumption weakens and as supplies increase and slowing global growth weighs on demand. Article content World oil markets face a surplus of 2 million barrels a day in the fourth quarter as Chinese consumption cools and new supplies swell in the US, Canada, Brazil and Guyana, according to the International Energy Agency in Paris. Forecasters on Wall Street, including JPMorgan Chase & Co. and Goldman Sachs Group Inc., expect prices will sink towards $60 a barrel by the end of the year. Article content Article content OPEC+ officials have offered a range of explanations for the accelerated supply revival, from punishing the group's over-producing members to placating Trump. Article content People familiar with the matter have said Saudi Arabia's main objective is to recoup the market share OPEC+ has ceded to rivals like US shale drillers during years of output cutbacks. Riyadh's OPEC+ quota for August, at 9.756 million barrels a day, would roughly put its production at the highest level in two years. Article content The pivot in oil strategy by Saudi Arabia and its partners, which had spent much of the past decade laboring to shore up crude prices, has also come at a cost for the cartel. Downward pressure on prices stands to widen an already-soaring budget deficit in the kingdom, which needs oil above $90 a barrel to cover government spending, the International Monetary Fund estimates.
Globe and Mail
4 hours ago
- Globe and Mail
Better Artificial Intelligence Stock: BigBear.ai vs. Nvidia
Key Points has become an AI investor darling over the past few years. Nvidia is the leading artificial intelligence semiconductor company. There's no substitute for high revenue growth and profitability -- and Nvidia has both. 10 stocks we like better than Nvidia › Many investors are focused on artificial intelligence stocks these days, which can be a smart play as AI transforms many industries. But it's starting to seem like any AI stock is a winner in the market right now, which means some investors may not be doing their due diligence when evaluating companies. With that in mind, two AI companies with surging share prices right now are Nvidia (NASDAQ: NVDA) and (NYSE: BBAI), and it may be worth taking a closer look at both to see which one looks like the better AI stock to buy right now. What's happening with Nvidia Nvidia gets top billing in this matchup because the company has experienced monster growth over the past few years as companies clamor for its artificial intelligence semiconductors. An estimated 70% to 95% of data centers utilize Nvidia's AI processors, and there seems to be no slowing down for the company's growth. For example, Nvidia's total sales soared 114% in fiscal 2025 to $130.5 billion, and its earnings skyrocketed 147% to $2.94 per share. This growth has been fueled by the company's data center segment, which experienced a 142% revenue surge to $115 billion last year. The impressive earnings and revenue growth have resulted in Nvidia's stock surging 57% over the past year. That's pushed the company's valuation higher, and Nvidia's shares currently have a price-to-earnings multiple of about 56. That's not cheap, but it's still lower than the average P/E ratio of 64 in the semiconductor industry right now. What's more, Nvidia could continue to benefit from AI investments for many more years to come. Nvidia CEO Jensen Huang believes AI will fuel $2 trillion in data center spending over the next several years. While Nvidia's growth isn't guaranteed, many tech giants have already committed to spending hundreds of billions of dollars to expand their AI data centers over the next few years. That's creating an ongoing opportunity for Nvidia to continue increasing its sales. What's happening with is an AI data analytics company that helps companies and the U.S. government sort through their data to make decisions. AI analytics is a burgeoning AI trend, and it has propelled the stock of similar companies, like Palantir, into the stratosphere. stock, for its part, has jumped 323% over the past year. But despite its impressive gains, there are some significant concerns I have with including its lack of strong revenue growth. sales increased just 5% in Q1 to $34.8 million, and management's outlook for the full year is for $160 million to $180 million -- an increase of just 7.5% at the midpoint. These are fairly unimpressive sales figures for a small AI company that's trying to tap into an expanding artificial intelligence analytics market. One of the company's problems is that 52% of its revenue comes from just four customers. That's a high concentration of sales from just a handful of customers, and it means that if one or two leave, could be in trouble. And then there's the company's lack of earnings. reported a loss of $1.10 per share last year and continued that trend with a loss of $0.25 per share in Q1. While many small start-ups often aren't profitable, it's problematic that the company's lack of earnings comes in addition to unimpressive sales growth. Meanwhile, stock has a price-to-sales ratio of 11, which is substantially higher than the average P/S multiple of 3 for the S&P 500 and means that investors are paying a premium for it right now. Verdict: Nvidia is the hands-down winner Nvidia's stock isn't cheap, and there are always risks with investing in AI stocks that have already experienced astronomical growth. But the company is a hands-down better investment than because it's massively profitable, continually expanding its revenue, and outpaces its rivals in the AI semiconductor market. Meanwhile, stock is overvalued, its revenue growth is unimpressive, and the company isn't profitable. This makes Nvidia the no-brainer in this matchup and one of the best AI stocks to buy and hold for the long term. Should you invest $1,000 in Nvidia right now? Before you buy stock in Nvidia, 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 Nvidia 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 $624,823!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,064,820!* Now, it's worth noting Stock Advisor's total average return is 1,019% — a market-crushing outperformance compared to 178% 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 July 29, 2025
