Articles by Daniel Marsh
Ford Stock Hits New High on Battery Storage Unit Momentum
Ford shares hit a one-year high of $14.93 on Friday, fueled by its new battery storage unit and a deal with EDF. Investors will watch Tuesday's trading for signs of sustained momentum.
Athabasca Oil Drops 5% as Crude Plunges, TSX Hits Record
Athabasca Oil shares fell 5% to C$11.34 as WTI crude dropped over 6%, lagging the TSX which hit a record high despite energy sector losses.
Lockheed Martin Expands THAAD Production in Alabama Amid Rising Demand
Lockheed Martin has started construction on a major THAAD interceptor plant in Alabama, aiming to increase output from 96 to 400 units per year amid surging Pentagon demand.
Baytex Energy Drops 5.5% as Oil Prices Slide on US-Iran Peace Hopes
Baytex Energy shares slid 5.48% as oil prices tumbled on US-Iran peace talks. Despite the drop, the stock remains up over 51% year-to-date.
goeasy Ltd. Shares Rebound as Investors Eye Credit Recovery
goeasy shares climbed 3.4% to C$36.15 in late Toronto trading, extending a recent rally. The lender posted a Q1 net loss of C$53 million and suspended its dividend, but investors are eyeing a potential credit recovery.
Propel Holdings Shares Gain Amid TSX Record, Credit Concerns Linger
Propel Holdings shares climbed 3.5% to C$21.67 as the TSX reached a new record, despite Q1 net income slipping to $20.7 million. Loan loss provisions improved to 45% of revenue, but credit risks remain a key focus.
Cenovus Slides on Oil Price Drop Despite TSX Record
Cenovus Energy shares fell 4.3% on Monday as oil prices dropped on renewed hopes for a U.S.-Iran deal, while the TSX Composite hit a record high.
Kraken Robotics Shares Rebound Amid Covelya Deal Anticipation
Kraken Robotics shares surged 8.9% Monday, rebounding from Friday's drop, as market participants look for progress on the C$615 million Covelya acquisition.