The Weekly Brief (As of July 17)
- Delta Air Lines (DAL) issued positive quarter earnings and provided a better near-term outlook, which beat both top and bottom lines, lifting shares of all U.S. airlines as a group.
- Ford (F) recalls over 850,000 cars in the US due to the potential low-pressure fuel pump failure, which could cause an engine stall and increase the risk of crashing.
- Aritzia (ATZ) reported a 33% topline growth to $663.3 million from $500 million in the same quarter last year, driven by strong growth across channels, with a 34% and 30% growth in retail and e-commerce, respectively.
- Mark Zuckerberg said Meta (META) will spend hundreds of billions on computing power to build superintelligence in a pursuit he has chased with a talent war for top AI engineers.
- Nvidia (NVDA) hit news all-time highs along with strong price reaction from other chips companies like Advanced Micro Devices (AMD) as the U.S. lifts restrictions on these companies’ sales to China.
*Analysts of 5i Research responsible for this report have a financial or other interest in NVDA, META, and AMD. The i2i Fund does not have a financial or other interest in securities mentioned.
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Report Updates
We have posted report updates on Winpak (WPK), Shopify (SHOP), and Lightspeed Commerce (LSPD). WPK is a leading manufacturer and distributor of packaging materials, along with producing packaging machines. SHOP is a global e-commerce tech name that provides essential internet infrastructure for commerce, and LSPD is a Fintech company that provides a cloud-based platform for small business operations. One name still generates negative free cash flows, another has a fortress balance sheet with strong growth prospects, while the last name has a strong buyback program.
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