Lincicome: Ton of Tariff Details Yet to Be Ironed Out
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
7 minutes ago
- Yahoo
If You'd Invested $1,000 in Palantir Stock 3 Years Ago, Here's How Much You'd Have Today
Key Points Palantir's AIP contributed to accelerated revenue growth. Its growth has led to a pricey valuation, making its near-term direction less certain. 10 stocks we like better than Palantir Technologies › Palantir Technologies (NASDAQ: PLTR) stock has been on a tear since last year's U.S. presidential election. Since the election on Nov. 5, the stock is up by about 250%. While that is a considerable return, it is relatively modest compared to how the stock has performed over the last three years, when the market and Palantir were in the middle of a bear market. Amid the rising popularity of AI and its productivity solution, Palantir's returns since that time are nothing short of eye-popping. Palantir over the last three years If one had bought Palantir on Aug. 8, 2022, a $1,000 investment would be worth about $15,700 today. Three years ago, a dramatic pullback from the highs of the 2021 bull market left Palantir trading below $10 per share, the approximate level where it sold on its first day of trading on Sept. 30, 2020. Additionally, it got off to a slow start as it briefly fell below $6 per share in December 2022. Nonetheless, Palantir began moving higher in 2023, particularly after Open AI's release of an upgraded version of ChatGPT put the spotlight on generative AI. Palantir responded with its own generative AI solution, the artificial intelligence platform (AIP), in April 2023. Customers began reporting massive productivity gains. Over time, the stock's growth accelerated as revenue growth began to rise at a significantly faster rate. Consequently, the stock reached stratospheric highs, with a P/E ratio approaching 600. Although such earnings multiples can be common with growth stocks, its price-to-sales (P/S) ratio of 130 all but verifies that the market has priced the stock for perfection. That increases the odds of a dramatic fall at the slightest hint of bad news. However, few can deny the success of Palantir's investors over the last three years. Even if its near-term prospects are less clear, Palantir should succeed long term, since its tools have delivered massive productivity gains for its customers. Should you invest $1,000 in Palantir Technologies right now? Before you buy stock in Palantir Technologies, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Palantir Technologies wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $653,427!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,119,863!* Now, it's worth noting Stock Advisor's total average return is 1,060% — a market-crushing outperformance compared to 182% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of August 4, 2025 Will Healy has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Palantir Technologies. The Motley Fool has a disclosure policy. If You'd Invested $1,000 in Palantir Stock 3 Years Ago, Here's How Much You'd Have Today was originally published by The Motley Fool
Yahoo
37 minutes ago
- Yahoo
This Top Warren Buffett Stock Continues to Deliver an Impressive Performance
Key Points Occidental Petroleum is one of Berkshire Hathaway's largest holdings. The oil company recently reported solid second-quarter results. It's making excellent progress on its plans to repay debt and grow shareholder value. 10 stocks we like better than Occidental Petroleum › Warren Buffett's company, Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B), continues to be a big believer in Occidental Petroleum (NYSE: OXY). It's easy to see why when looking at the oil giant's recently reported second-quarter results. The company delivered strong performance across the board despite lower oil and gas prices during the period. This consistent execution, even amid market volatility, gives Occidental Petroleum a solid foundation to grow shareholder value for Berkshire Hathaway and other investors in the years ahead. Drilling down into Occidental Petroleum's second-quarter results Occidental Petroleum produced $396 million, or $0.39 per share, of adjusted income during the second quarter. That was down from the $860 million, or $0.87 per share, it earned in the first quarter. The culprit was lower commodity prices. Occidental posted $934 million of pre-tax income in its oil and gas segment, down from $1.7 billion in the first quarter, due primarily to lower oil and gas prices. The average global price of crude oil was 10% below the first quarter's level, while the price of domestic natural gas tumbled 45%. Despite these lower prices, Occidental delivered higher volumes and strong results from its midstream and marketing segment. The company produced 1.4 million barrels of oil equivalent (BOE) per day, exceeding the mid-point of its guidance, while midstream and marketing earnings came in above the high-end of expectations. The company's chemicals business (OxyChem) also delivered solid results that were on par with its first-quarter performance. Additionally, strong well performance and enhanced operational efficiency supported robust cash generation. Operating cash flow before working capital adjustments was $2.6 billion, and free cash flow totaled $700 million, both slightly lower than the previous quarter. More progress on its debt-reduction plan Occidental Petroleum used its healthy free cash flow to pay its dividend and reduce debt. The company also continued to sell noncore assets to accelerate its debt-reduction efforts. It has secured $950 million of additional asset sales since the start of the second quarter. Those sales included $370 million of noncore and select non-operating Permian Basin upstream assets that closed during the quarter. Occidental also recently agreed to sell some gas-gathering assets in the Midland Basin to midstream company Enterprise Products Partners for $580 million. Those sales added to the $1.3 billion of noncore-asset sales it closed during the first quarter. The company has now agreed to sell $4 billion of assets since announcing its deal for CrownRock in late 2023, which has it closing in on the low end of its $4.5 billion to $6 billion target range. The energy company has used a combination of excess free cash and asset-sale proceeds to repay $3 billion of debt so far this year. Since July 2024, it has retired $7.5 billion of debt, saving it $410 million in annual interest expenses. The company has now significantly exceeded its target of delivering at least $4.5 billion of debt reduction within a year of closing its CrownRock deal. More positive catalysts ahead Occidental expects to continue using its excess free cash flow after paying dividends and noncore-asset sales to repay debt. It still has approximately $1.6 billion of 2026 debt maturities to address, as well as another $1.5 billion coming due in 2027. The company shouldn't have a problem paying off that debt, given the anticipated surge in its free cash flow from non-oil sources. The company estimates that a combination of interest expense savings, incremental earnings from upcoming chemicals projects, and midstream contract expirations will boost its free cash flow by $1 billion in 2026 and by an additional $500 million in 2027. As its debt continues to fall, Occidental will be positioned to return more cash to investors, beyond its dividend. It plans to eventually resume share repurchases and the redemption of Berkshire's preferred equity investment that it made in 2019 to support the company's acquisition of Anadarko Petroleum. A well-oiled machine Warren Buffett's Berkshire Hathaway has made a major bet on Occidental's ability to execute its plans to grow shareholder value. The company owns nearly 27% of the oil company's outstanding shares. That position is worth almost $12 billion (approximately 4% of Berkshire's investment portfolio), making it the seventh-largest holding. Occidental's strong second-quarter showing and progress on its debt-reduction plan prove that Buffett's company has made a smart investment. The oil company is in an excellent position to grow shareholder value in the future, despite the continued volatility of crude oil prices. Should you buy stock in Occidental Petroleum right now? Before you buy stock in Occidental Petroleum, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Occidental Petroleum wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $653,427!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,119,863!* Now, it's worth noting Stock Advisor's total average return is 1,060% — a market-crushing outperformance compared to 182% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of August 4, 2025 Matt DiLallo has positions in Berkshire Hathaway and Enterprise Products Partners. The Motley Fool has positions in and recommends Berkshire Hathaway. The Motley Fool recommends Enterprise Products Partners and Occidental Petroleum. The Motley Fool has a disclosure policy. This Top Warren Buffett Stock Continues to Deliver an Impressive Performance was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
37 minutes ago
- Yahoo
Sour news for pickle lovers: Bick's pickles no longer stocked at some Canadian retailers
It's kind of a big dill. Popular pickle brand Bick's, which is made only for the Canadian market, is no longer on the shelves of some Canadian retailers, a consequence of the ongoing trade war between Canada and the United States. While it's a jarring change for many shoppers, it may push consumers to buy more homegrown options and there could be other ripple effects that affect Canadian jobs and businesses. At several Safeway grocery stores in Edmonton, a sign on the shelf reads "Bick's pickles are currently unavailable as an unfortunate impact of tariffs. We are pleased to offer a selection of alternatives for your shopping convenience." Parent company Sobeys did not respond to several requests for comment. Pickles caught in tariff war "We're sad to hear that Bick's is embroiled in this tariff dispute," said Steven Oakland, the CEO of TreeHouse Foods Inc., which owns the Bick's brand. After the U.S. slapped tariffs on Canadian goods in March, the Canadian government retaliated with a long list of counter tariffs, among them a 25 per cent tariff on "cucumbers and gherkins." "I think a lot of retailers feel that 25 per cent tariff makes them just too expensive frankly," Oakland said, adding that retailers started reaching out to him with cost concerns at the start of the trade war. "The food business is a low-margin, high-volume business. And so there isn't 25 per cent either on the retailer side or the manufacturing side. So that has, in some cases, really inhibited the retailers' availability to justify carrying them." Oakland estimates that Bick's is still available in 70 per cent of the Canadian retail environment but said the company has been doing outreach to try and change the Canadian counter tariff, including reaching out to the governor of Illinois. 'An intertwined business' Bick's began as a Canadian company, was later acquired by a U.S. company and production was moved south of the border around 2014, Oakland said. However, the ties between the two countries have stayed strong. "We continued to prioritize Canadian cucumbers for that product. [It's] why we went to a Canadian lid supplier… It's just been an intertwined business and now we've got a border dispute that just makes that transfer back and forth across the border expensive," he said. While the pickles are assembled in Green Bay, Wis., Oakland said the company buys 11 million pounds of Ontario cucumbers every year and said all the lids on the jars come from an Ontario manufacturer. Now, the company finds itself in an awkward situation or — some might even say — a pickle. Sales are down about 25 per cent in the last three months, according to Oakland, who said, going forward, the company will buy fewer pickles and lids from its Canadian partners. Buy Canadian sentiment With patriotism surging amid trade tensions, many shoppers are opting to buy Canadian, but there could also be unintended consequences for a company such as Bick's, according to experts. "If buy Canadian means that people aren't buying Bick's, as an example, then Bick's is buying fewer cucumbers from Canadian producers. Then that buy Canadian is sort of coming back to bite, pardon the pun, the Canadian farmers," said food economist Mike von Massow from the University of Guelph. Kwaku Afesorgbor, a professor in the department of food, agriculture and resource economics at the University of Guelph, suggests it is ultimately customers who pay the cost. Afesorgbor said customers often end up absorbing the cost of tariffs or, if the product is no longer available, they face fewer options for what they can buy, which eventually affects their pocketbook. 'It's not great' Crystal Porcher wouldn't be offended if you called her a pickle enthusiast. The Edmonton woman grew up eating pickles and admits to eating the crunchy snack at least twice a week. She even has a pickle tattoo on her hands, one of 10 of her favourite food items. "If you're out in a pub or having a beer or whatever, they're usually on the menu and I am guilty of just asking for a bowl of pickles, even if it's just a side with something else," Porcher said. With several brands in the fridge at any given time, Porcher is still processing that pickles have been caught up in the trade war. "Personally, it's not great. Obviously I'm gonna be paying more for something that I love to eat. I'm not going to stop consuming an entire part of my diet because the prices increase a little bit. Obviously if I can't find them, I'll have to suss out some other options," she said. Food products caught in trade war The issue with Bick's spotlights how food products have been tangled up in the tariff dispute. "There are other products that have somewhat complicated supply chains, and I suppose pickled vegetables are an example of that," said John Cox, executive vice president of Pickle Packers International, a trade association of the pickled vegetable industry. Cox said the organization is advocating for duty-free transportation north and south of food products under the Canada-United States-Mexico Agreement (CUSMA). He argues that it is particularly important for the pickled vegetable industry, which he said is competitive with slim margins. "When you have a 25 per cent import duty added to the cost of production, it makes it impossible to be profitable," he said. "I'm concerned for the long-term prospects for Bick's." For Oakland and TreeHouse Foods Inc., the timing couldn't be worse. "Having lived in Ontario myself for 11 years, I understand how important barbecue season is and I just hate that Bick's is embroiled in this right now," Oakland said.
