The Weekly Brief (As of July 3)
- Alimentation Couche-Tard (ATD) – the parent company of convenience store chain Circle K- reported the fourth quarter revenue of $16.3 billion, down 7.5% on an annual basis due to softer fuel demand, while the company earned an EPS of US$0.46 compared to the consensus estimate of $0.47.
- Oracle (ORCL)’s stock price rises as the company announces a new $30 billion contract, which is expected to contribute meaningfully to the company’s topline by 2028
- Microsoft cuts an additional 9,000 jobs, around 4% of the workforce, in the second wave of layoffs to reduce headcount by taking advantage of Artificial Intelligence (AI) to reduce workflow
- Tesla sales plummet again in the second quarter, reporting a 13% plunge in sales as the anti-Musk boycott over his political views continues to keep buyers away
- Amazon (AMZN)’s shopping event, Prime Day, is expected to kick off on July 8, lasting 4 days, twice as long as last year’s, which could add in more than $21 billion in gross merchandise value (GMV).
*Analysts of 5i Research responsible for this report have a financial or other interest in TSLA, AMZN, MSFT. The i2i Fund does not have a financial or other interest in securities mentioned.
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New Report
We have posted a new report on Kneat.com (KSI). KSI provides software for data and document management in the life sciences industry (biotech, pharmaceutical, medical device manufacturing). It has a solid growth profile with attractive economics, and its customers not only tend to stay with KSI for the long term, but also increase their spending over time. We think KSI resembles an early compounder in the making.
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Report Updates
We have posted report updates on Boyd Group (BYD), Stantec (STN), and Sylogist (SYZ). BYD operates one of the largest full-service repair centers in North America, STN is a global leader in sustainable engineering, architecture and environmental consulting, and SYZ is a provider of enterprise resource planning software. We are seeing positive trends in the fundamentals for one company, another has seen a slowdown in its expansion plans, while the other name has strong secular tailwinds underpinning it.
Read the latest updates by logging in here!