Latest Stock Buy or Sell? Make More Informed Decisions!
Today, Shane Obata and Stockchase Insights commented about whether ENGH-T, DOO-T, T-T, TSLA-Q, ARMH-OTC, GOOG-Q, UBER-N, SMCI-Q, DIS-N, ATD-T, LSPD-T, DDOG-Q, PM-N, FTNT-Q, NFLX-Q, ASML-Q, CSU-T, ETN-N, LVMUY-OTC, NVDA-Q, V-N, PRY-BIT, BRCM-Q are stocks to buy or sell.
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Telus has seen decent momentum in the recent months as the Bank of Canada has begun cutting rates, further helping to support highly-indebted telco names. It has a strong yield of 6.8%, and with bond yields declining, investors will likely seek out high-dividend paying stocks in light of this. We think it can see positive momentum from here, but there may be some chop along the way.
The utilities sector should also benefit from declining rates, and we think this is an attractive area in the medium to long-term.
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DOO reported EPS of 61c, beating estimates of 44c but declining from prior quarterly levels of $3.21. Revenue came in at $1.84B missing estimates of $1.89B and declining 34% year-over-year. Lower revenues were attributed to lower volume across most product lines as it continued to reduce its network inventory levels. Operating margins also dropped 470 basis points as a result of the lower volumes. DOO also cut its FY2025 guidace significantly. Revenue of C$7.8B-C$8B is expected from C$8.6B-C$8.9B, and normalized EPS of C$2.75-C$3.25 is expected from C$6.00-C$7.00. The results were of course not good and highlight the softening industry demand and transitional period the company is entering, as described in our recent report.
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EPS of 37c beat estimates of 35.7c. Revenue of $130.5M slightly beat estimates of $129.7M. EBITDA of $37.7M beat estimates by 4.6%. Revenue rose 18%. EBITDA rose 13%. Recurring revenue rose 22.8%. Net income rosr 17%. Seachange is being integrated well. Net cash is $245M. Nothing too extraordinary here, but a beat and decent overall growth. Earnings are expected to rise 13% in 2025.
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Company Highlight: Boralex Inc. (BLX)
BLX is a Canadian developer, owner, and operator of renewable energy power facilities in Canada, France the United States, and United Kingdom. BLX has been working in renewable energy for the past 30 years and has a workforce of over 790 people. The company operates primarily across three types of renewable energy: wind, solar, and hydroelectric (including energy storage). It has 102 Wind Farms, 13 Solar Power Stations, 15 Hydroelectric power stations and 2 storage units. This gives the company an installed capacity of 3,133 MW across 132 sites. BLX has 264 MW under construction expected to be commissioned in 2024 & 2025, and a pipeline of 587 MW.
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Company has very strong tech stack. Valuation very high, but outlook is very good. A.I. technology very strong, and could be the future of the business (Optimus robot etc.) Investment depending on investor risk appetite. Would recommend holding for the long term if investor buys stocks.