5 doctors in Musquodoboit Harbour threaten to quit in pay dispute
As Magdalena Bastida reports, some people have concerns about care at the Twin Oaks Memorial Hospital as a result.
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Globe and Mail
19 minutes ago
- Globe and Mail
Why Broadcom Stock Slumped Today
Broadcom (NASDAQ: AVGO), the semiconductor company that's profited so much from the artificial intelligence (AI) revolution of late, saw its stock slump 3% through 10 a.m. ET this morning after reporting that it beat earnings last night... just barely. Heading into the company's fiscal second quarter of 2025, which ended May 4, analysts forecast Broadcom would earn $1.57 per share in adjusted profits on sales of just under $15 billion. In fact, Broadcom earned $1.58 per share, and its sales were $15 billion. Broadcom Q1 earnings Sales grew 20% year over year in Q2, setting a new quarterly record boosted by 46% year-over-year growth in revenue from AI chips. Adjusted earnings grew twice as fast, up 43%, but generally accepted accounting principles (GAAP) earnings did even better, more than doubling to $1.03 per share. (So while GAAP profits weren't nearly as good as non-GAAP, at least they're growing faster.) On the other hand, Broadcom noted that its free cash flow (FCF) in Q2 was only $6.4 billion. And while that represented 44% year-over-year growth, in line with adjusted earnings growth, it was apparently less than the $7 billion FCF that analysts had hoped Broadcom would produce. This realization seems to be outweighing the news of the earnings beat, and depressing Broadcom stock today. Is Broadcom stock a buy? Should investors be worried about this? Not necessarily. While I'm not usually thrilled to see such a large gap between GAAP earnings and non-GAAP earnings, Broadcom's generating tremendous free cash flow -- $22.7 billion over the last 12 months, or nearly twice reported net income. The stock's valuation is high; its price-to-free-cash-flow ratio is 52.5. But Broadcom is growing FCF fast enough that I think the valuation might be justified -- and Broadcom stock could still be a buy. Should you invest $1,000 in Broadcom right now? Before you buy stock in Broadcom, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Broadcom 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 $674,395!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $858,011!* Now, it's worth noting Stock Advisor 's total average return is997% — a market-crushing outperformance compared to172%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 June 2, 2025
Globe and Mail
19 minutes ago
- Globe and Mail
Why Concrete Pumping Stock Is Down Big Today
Economic headwinds and bad weather conspired to cut construction activity, which in turn ate into results at Concrete Pumping Holdings (NASDAQ: BBCP). Shares of the multinational concrete provider traded down 17% as of 11 a.m. ET after the company reported results that fell short of Wall Street expectations. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Continue » Headwinds weigh on results Concrete Pumping plays a key part in the construction supply chain, providing concrete and concrete waste management services at job sites in the U.S. and in the United Kingdom. But there is only so much the company can do when demand for concrete slows, a scenario that played out in the most recent quarter. The company lost $0.01 per share on revenue of $93.96 million in its fiscal second quarter ending April 30, compared to Wall Street's forecast for a $0.04 per-share profit on sales of $99 million. Concrete Pumping did a good job keeping costs in line and gross margin is actually up slightly for the first six months of fiscal 2025 compared to a year ago, but the macro story was too much to overcome. "In the second quarter, we continued to navigate a challenging construction environment, marked by persistent macroeconomic headwinds and regional weather disruptions," CEO Bruce Young said in a statement. Management is not anticipating an immediate bounce back. Concrete Pumping cut its full-year revenue forecast to $380 million to $390 million, from $425 million to $445 million, saying it is not forecasting a "meaningful" recovery in the construction market until its fiscal 2026. Is Concrete Pumping stock a buy? Even with the declines, Concrete Pumping is still a long-term winner, up 62% over the past five years. The company has a lot of debt, $387 million at quarter's end, compared to a market capitalization of $317 million, but management remains confident enough in cash flows to pursue opportunistic acquisitions and boost its share buyback program by $15 million. For investors who are bullish long-term on the need for infrastructure revitalization in the U.S. and Western Europe and who are willing to ride out a near-term storm, this decline in Concrete Pumping shares could be viewed as a buying opportunity. Should you invest $1,000 in Concrete Pumping right now? Before you buy stock in Concrete Pumping, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Concrete Pumping 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 $674,395!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $858,011!* Now, it's worth noting Stock Advisor 's total average return is997% — a market-crushing outperformance compared to172%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 June 2, 2025
CTV News
an hour ago
- CTV News
Trump and Musk divided after scrappy online fallout. Follow live updates here.
Left: Billionaire Elon Musk. Right: U.S. President Donald Trump. (The Associated Press) U.S. President Donald Trump and his ex-ally, billionaire business mogul Elon Musk, had a fiery falling out yesterday as the two men lobbed insults, accusations and threats at each other from their respective social media platforms. Their relationship fractured as Trump pushed to pass his 'One Big Beautiful Bill' – the 1,116-page act of proposed tax cuts, Medicaid restrictions, border wall funding and money for the Golden Dome that would spike national deficits by US$2.4 trillion over the next decade, according to one estimate that the White House contests . Musk, one of Trump's chief advocates for cost cutting, had criticized the legislation, arguing that a bill could not be big and beautiful at once. Their disagreement exploded on Thursday, descending into an open-air brawl waged online. Here are the latest updates: Trump not interested in talking to Musk Trump is not interested in talking with his former ally Musk amid a bitter feud over the president's sweeping tax-cut bill, a White House official said on Friday, adding that no phone call between the two men is planned for the day. A separate White House official had said earlier that Trump and Musk planned to talk to each other on Friday. 'I'm not even thinking about Elon. He's got a problem, the poor guy's got a problem,' Trump told CNN on Friday morning. Shares in Musk's Tesla rose 4.5 per cent when markets opened on Friday. In Thursday's session, the stock dived 14 per cent and lost about US$150 billion in value, the largest single-day decline in the electric vehicle maker's history. Musk bankrolled a large part of Trump's presidential campaign and was then brought to the White House to head up a controversial effort to downsize the federal workforce and slash spending. Reuters. Read the full story here . Donald Trump Elon Musk news President Donald Trump speaks during a news conference with Elon Musk in the Oval Office of the White House, Friday, May 30, 2025, in Washington. (AP Photo/Evan Vucci) Musk pulls back on threat to withdraw Dragon spacecraft As Trump and Musk argued on social media, the world's richest man threatened to decommission a space capsule used to take astronauts and supplies to the International Space Station. A few hours later, Musk said he wouldn't follow through on the threat. After Trump threatened to cut government contracts given to Musk's SpaceX rocket company and his Starlink internet satellite services, Musk responded via X that SpaceX 'will begin decommissioning its Dragon spacecraft immediately.' It was unclear how serious Musk's threat was, but several hours later – in a reply to another X user – he said he wouldn't do it. The capsule, developed with the help of government contracts, is an important part of keeping the space station running. NASA also relies heavily on SpaceX for other programs including launching science missions and, later this decade, returning astronauts to the surface of the moon. SpaceX is the only U.S. company capable right now of transporting crews to and from the space station, using its four-person Dragon capsules. The Associated Press. Read the full story here . SpaceX A SpaceX Falcon 9 rocket, with a crew of four aboard the Crew Dragon spacecraft, lifts off on a mission to the International Space Station lifts off from pad 39A at the Kennedy Space Center in Cape Canaveral, Fla., Friday, March 14, 2025. (AP Photo/Terry Renna) Tesla shares claw back Tesla shares clawed back from steep losses as a war of words between CEO Musk and U.S. President Trump appeared to cool, easing investor worries about the likely political fallout on the electric automaker. Shares rose about five per cent in early trading. Politico had reported Musk and Trump were expected to speak on Friday, but a White House official told Reuters there were no plans for a call. Musk signalled on his X social media platform he was open to easing tensions with Trump, agreeing with comments from hedge fund manager Bill Ackman calling for a detente. The spat between the world's most powerful man and its richest erased more than US$150 billion from Tesla's market value on Thursday, the company's biggest drop in one session.
