Tesla Inc. (STAR)
TSLA – Nasdaq
Can we have a cheer for Elon Musk? In a selfless move to rescue America from the woke-mind virus, pet-eating immigrants and other grave threats, the Tesla Inc. CEO threw his money behind Donald Trump, helping to put the convicted criminal and instigator of the Jan. 6 “day of love” back into the White House. A cynic might say that Mr. Musk, who has been angling for a job as chief government cost-cutter in Mr. Trump’s administration, will now expect to be rewarded with policies favourable to his struggling electric-car company. Judging by the rise in Tesla’s stock price, that’s exactly what shareholders are counting on, too.
Superior Plus Corp. (DOG)
SPB – TSX
Bad idea: Lighting a propane barbecue indoors to stay warm. Equally bad idea: Investing in propane distributor Superior Plus Corp. Already down sharply this year as quarterly earnings repeatedly missed estimates, the shares plunged again this week after the company slashed its dividend by 75 per cent and cut its full-year forecast for adjusted EBITDA (earnings before interest, taxes, depreciation and amortization). In addition to warmer-than-normal temperatures, which have hurt sales to consumers with propane-burning furnaces, Superior is facing competitive pricing pressures at its Certarus subsidiary, which sells compressed natural gas to industrial users. All of which explains why Superior’s stock has delivered some decidedly inferior returns.
BCE Inc. (DOG)
BCE – TSX
There once was a company called BCE
Which lost lots of money, for you and for me
With its dividend stalled
Its shareholders bawled:
“We are widows and orphans, have some sympathy!”
Trulieve Cannabis Corp. (DOG)
TRUL – CSE (Canadian Securities Exchange)
Consuming cannabis can induce feelings of euphoria and relaxation. Investing in cannabis, on the other hand, often leads to anxiety and insomnia. The latest example is Trulieve Cannabis Corp., whose stock collapsed after voters in Florida rejected a constitutional amendment that would have legalized adult-use cannabis. Trulieve, which had spent more than US$140-million on legalization efforts in the state, wasn’t the only victim this week. With similar ballot initiatives failing in North Dakota and South Dakota, the entire cannabis sector took a hit as prospects for the industry’s growth were dimmed. Investors could use a gummy and a shot of whiskey to soothe their nerves.
Trump Media & Technology Group Corp. (STAR)
DJT – Nasdaq
Postelection quiz! Match the letter next to each quotation with the number corresponding to the person who said it! a) “When you’re a star … You can do anything.”; b) “Nobody has more respect for women than I do, nobody.”; c) “To get me, somebody would have to shoot through the fake news, and I don’t mind that so much, I don’t mind.”; d) “They’re poisoning the blood of our country.” 1) Disgraced Hollywood producer Harvey Weinstein; 2) U.S. Representative Marjorie Taylor Greene; 3) Viktor Orban, Prime Minister of Hungary; 4) U.S. president-elect Donald Trump, whose election victory sent shares of his Trump Media & Technology Group sharply higher. (Answers: a-4, b-4, c-4, d-4)