The Weekly Brief (As of October 23)

Walmart’s (WMT) stock jumps as the company announced the partnership with OpenAI to create a ChatGPT shopping experience.
Salesforce’s (CRM) share price rises after the company forecasted revenue of around $60 billion by 2030, with a return to double-digit sales growth within the next 12-18 months, while unveiling plans to repurchase around $7 billion worth of shares over the next six months.
Amazon’s (AMZN) cloud service - AWS has reportedly been experiencing an outage, which negatively impacted major platforms such as Coinbase (COIN), Robinhood (HOOD) and Snapchat (SNAP).
Apple’s share price hits an all-time high as iPhone 17 sales have reportedly outpaced iPhone 16 in both the U.S. and China markets.
OpenAI launches ChatGPT Atlas web browser – a direct competitor with Google’s (GOOG) Chrome, in an effort to strike at GOOG’s online dominance.

*Analysts of 5i Research responsible for this report have a financial or other interest in AMZN, WMT, HOOD, COIN, AAPL and GOOG. The i2i Fund does not have a financial or other interest in securities mentioned.

New Podcast Episode!

Join your hosts, Chris and Michael from 5i Research, as they welcome Bob Lai, creator of Tawcan.com and co-host of the DIY Wealth Canada Podcast. Bob shares his journey toward financial independence, his dividend investing strategy, and how he’s built over $5,500/month in dividend income while maintaining a balanced, joyful life.

Investor Sentiment - Results and New Survey

Thank you to all those who participated in the previous Investor Sentiment Survey. We have published the results from the survey in a report in a link here.

Please note that the weightings and categorization of these results are still a work in progress, and the model(s) used to analyze the results may change over time as more data comes in.

Alongside the release of the results from the previous survey, we are also releasing the next survey, which can be found below. This survey shouldn't take more than 5 minutes and no personal details are required.

Let us know how you are feeling about markets and the economy by following the link below! We will let you know the results in a following market update.

Investor Sentiment Survey

Report Updates

We have posted a report update on Equitable Bank (EQB) and Altus Group Limited (AIF). EQB is one of the leading financial institutions in Canada, with a solid track record of strong operating results and shareholder-friendly policies. One name has recently faced challenges in growing earnings and book value due to a weak housing market, while the other has been in the process of transitioning its business model to a pure recurring revenue company.

Read the latest updates by logging in here!

Dropping Coverage

We are dropping coverage on GDI Integrated Facility Services (GDI) and Real Matters (REAL). GDI’s highly sticky business, which provides predictable and healthy free cash flow to be deployed toward acquisitions, has faced meaningful headwinds due to weak organic growth and a soft acquisition pipeline. On the other hand, REAL’s capital-light business has proven to be highly cyclical, volatile, and sensitive to macro factors, with limited visibility into future demand. As a result, we will now be dropping coverage on these companies.