Riverhawks get ready for Canada Day
Staff and players with the Edmonton Riverhawks baseball team are preparing to host the annual Canada Day game. Connor Hogg has the details.
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Globe and Mail
2 hours ago
- Globe and Mail
Nike Stock Could Soar 60%, According to 1 Wall Street Analyst. Is It a Buy Now?
Nike (NYSE: NKE) stock has been in a downward spiral for the past three years as sales declined, and it appeared to be losing its edge. But all hope is not lost. The company just reported a strong earnings beat, and it's the leader, by far, in its industry. In fact, one Wall Street analyst sees Nike stock shooting 60% higher over the next 12 to 18 months even after it jumped 15% after earnings. Should you buy it today? Getting back in the game Nike has been dealing with multiple mishaps. It's reestablishing partnerships with wholesalers after cutting some of them out a few years ago; it's getting back on top of its innovation pipeline; and it's going back to sports after prioritizing lifestyle products. It has a new CEO whom the investing community is pumped about, and he's been making changes that the market is liking. A full turnaround is still in the works, but Nike reported better-than-expected earnings for the 2025 fiscal fourth quarter (ended May 31), and it looks like the plan is taking shape. Sales were down 12% from last year in the quarter, with Nike Direct sales down 14%. Gross margin declined by 4.4 percentage points to 40.3%, and earnings per share dropped 86% to $0.14. If that doesn't sound so great to you, consider that Wall Street was expecting only $0.12. Although there's a long way back up, the market appreciated Nike's update and reassurance about how it's progressing. CEO Elliot Hill restructured innovation to focus on lines rather than categories, keeping the athlete at the center. It also widened its wholesale channels to reach more customers in more places, including premium chain Aritzia and Urban Outfitters, which is geared toward the younger shopper. Notably, it's going back to selling on Amazon after a very public breakup five years ago. Hill, a Nike veteran who's been in the lead role since October, gave some important examples of progress: Launches through wholesale partners Dick's Sporting Goods and led to higher sales. The day before it hosted a race at its LA-based store at the Grove, a premium shopping center had its highest sales in three years. It presented its best looks from the French Open finals, leading to a 30% sales increase day to day. Is Nike losing its grip on first place? Nike's lead against its competition is so wide that it really has no competition, at least for first place. That gives it some wiggle room to fix its mistakes and work things out before the situation escalates, but investors shouldn't ignore the risks. Some of its competitors have been posting much better performance despite operating in the same environment. Lululemon Athletica, which hasn't been impressing the market lately, still reported a 7% sales increase in its most recent quarter, and new brand On Holding reported a gargantuan 43% increase. I often cite the Piper Sandler Taking Stock With Teens survey as a good glimpse of how younger customers are shopping because their trends drive future growth. Nike has been in first place for favorite shoe brand for years, and it remained in first place in the recent spring update. However, Nike's share fell from recent averages of around 60% to only 49%. Converse, which has recently featured in the No. 2 spot, wasn't in the top three. These findings aren't alarming, but investors should take them into account when making decisions. A global industry leader Nike is still the brand to beat, and as it progresses, it's looking more likely to make a real comeback. Several Wall Street analysts upgraded their price targets after the recent report, including HSBC, which upgraded the stock to a buy and gave a price target of $80. Jefferies maintained its price target of $115, which is 60% higher than the stock's recent price. Nike also pays a growing dividend that yields 2.2% at the current price, which makes it attractive for passive income investors even while the company is still struggling. If you have a long timeline, you could buy Nike stock today and enjoy the dividend while the stock gets back to work. It's a blue chip stock that should bounce back and offer resilience over time. Should you invest $1,000 in Nike right now? Before you buy stock in Nike, 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 Nike 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 $713,547!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $966,931!* Now, it's worth noting Stock Advisor 's total average return is1,062% — a market-crushing outperformance compared to177%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 30, 2025
The Province
6 hours ago
- The Province
Canada Day 2025: What's open and closed in Metro Vancouver
July 1 is a statutory holiday, but there won't be any shortage of places to see, shop, and eat on Canada Day A Canadian flag flies on a boat with the downtown Vancouver skyline in the background. Photo by DARRYL DYCK / THE CANADIAN PRESS Gotta love those mid-week holidays. This year's Canada Day falls on a Tuesday, which requires a bit more planning to arrange for a proper long weekend — and may throw a kink into your regular work week routine. This advertisement has not loaded yet, but your article continues below. THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe now to read the latest news in your city and across Canada. Exclusive articles by top sports columnists Patrick Johnston, Ben Kuzma, J.J. Abrams and others. Plus, Canucks Report, Sports and Headline News newsletters and events. Unlimited online access to The Province and 15 news sites with one account. The Province ePaper, an electronic replica of the print edition to view on any device, share and comment on. Daily puzzles and comics, including the New York Times Crossword. Support local journalism. SUBSCRIBE TO UNLOCK MORE ARTICLES Subscribe now to read the latest news in your city and across Canada. Exclusive articles by top sports columnists Patrick Johnston, Ben Kuzma, J.J. Abrams and others. Plus, Canucks Report, Sports and Headline News newsletters and events. Unlimited online access to The Province and 15 news sites with one account. The Province ePaper, an electronic replica of the print edition to view on any device, share and comment on. Daily puzzles and comics, including the New York Times Crossword. Support local journalism. REGISTER / SIGN IN TO UNLOCK MORE ARTICLES Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account. Share your thoughts and join the conversation in the comments. Enjoy additional articles per month. Get email updates from your favourite authors. THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK. Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account Share your thoughts and join the conversation in the comments Enjoy additional articles per month Get email updates from your favourite authors That said, there's still plenty of retail stores, restaurants and attractions that will remain open, while others will close to mark the statutory holiday. So if you're trying to run errands or looking for family-friendly things to do, here's a roundup of what's open and closed on July 1: READ MORE:Canada Day in Metro Vancouver: Here's a list of free concerts and performances Shopping Metro Vancouver malls are open and welcoming shoppers, albeit with shortened hours. These malls are open with holiday hours of 11 a.m. to 7 p.m. on July 1: • Pacific Centre • Richmond Centre • Metropolis at Metrotown • Park Royal The Amazing Brentwood in Burnaby will have holiday hours of 10 a.m. to 7 p.m. For outlet shoppers, the McArthurGlen Designer outlet near Vancouver International Airport will be open 10 a.m. to 9 p.m., while Tsawwassen Mills in Delta will be open 11 a.m. to 7 p.m. Essential reading for hockey fans who eat, sleep, Canucks, repeat. By signing up you consent to receive the above newsletter from Postmedia Network Inc. Please try again This advertisement has not loaded yet, but your article continues below. Grocery stores and pharmacies are generally open on Canada Day. Attractions If you're looking for something to entertain kids and out-of-town visitors on Canada Day, many attractions are open and keeping to regular hours. Science World will be open its usual 10 a.m. to 5 p.m., with early 9:30 a.m. entry for members. Likewise, the Vancouver Aquarium is open its regular hours of 9:30 a.m. to 5:30 p.m., with an 8 a.m. early-morning entry for members. In Kits Point, both the Museum of Vancouver and the Vancouver Maritime Museum will be open from 10 a.m. to 5 p.m., while the H.R. MacMillan Space Centre will be open 9:30 a.m. to 4:30 p.m. At Canada Place — which will be bustling with Canada Day festivities put on by the Port of Vancouver — Flyover Canada will be taking guests for rides during its regular hours (10 a.m. to 8 p.m.). Also in downtown Vancouver, the Vancouver Art Gallery will stick with its usual hours of 10 a.m. to 5 p.m. This advertisement has not loaded yet, but your article continues below. Canada Day is also one of Granville Island's busiest days. Canada Day activities start at 10 a.m., while the public market opens from 9 a.m. to 7 p.m. Early birds can grab a coffee at one of the market's coffee shops between 7:30 to 8 a.m. (Don't miss the ferry ballet performance by the False Creek Ferries fleet at around 8 a.m. at the dock behind the market). The popular free water park beside the children's playground will be open 10 a.m. to 6 p.m., weather permitting. Recreation In Vancouver, most community centres are scheduled to close on this mid-week Canada Day, but a handful plan to stay open, including: • False Creek — 9 a.m. to 12:30 p.m. • Hastings — 10 a.m. to 2 p.m. • Kerrisdale — 9 a.m. to 10 p.m. • Killarney — 9:30 a.m. to 3 p.m. • Mount Pleasant — 9 a.m. to 6 p.m. • Roundhouse — 9 a.m. to 4:45 p.m. This advertisement has not loaded yet, but your article continues below. Check the city's website for more information. Most fitness centres will be open, including Hillcrest, Britannia, West End and Kitsilano (check here for a complete list). Ice rinks and the city's golf courses — Fraserview, Langara and McCleery — will be open. For those who want to go for a dip on Canada Day, there's good news. Most pools will be open. The only ones that'll be closed are Kensington and Kerrisdale pools. For libraries, all except Carnegie Branch in the Downtown Eastside will be closed on July 1. For a look at recreational facilities in Surrey, including community centres and pools, check out Surrey's holiday hours here. Food and drink Most restaurants and coffee shops, especially large chains, will stay open on Canada Day. This advertisement has not loaded yet, but your article continues below. TransLink buses, SkyTrain (except the Canada Line) and SeaBus will be running on holiday schedules on Canada Day. The West Coast Express will not operate. Government offices Vancouver city hall will be closed on Canada Day, reopening on July 2, Wednesday. It's a similar situation for government offices, including Service Canada and passport offices and ICBC locations. Canada Post will not be collecting or delivering mail on July 1. Banks will also be closed. Most, but not all, B.C. Liquor Stores will be open with shortened hours. Check hours for specific stores across B.C. here. Read More
CTV News
7 hours ago
- CTV News
Blue Jays score 4 times in sixth-inning rally to edge Yankees 5-4
Toronto Blue Jays' Vladimir Guerrero Jr. (27) hits a two-run single against the New York Yankees during sixth inning MLB baseball action, in Toronto on Monday, June 30, 2025. THE CANADIAN PRESS/Thomas Skrlj TORONTO — Vladimir Guerrero Jr. drove in three runs and Max Scherzer allowed two runs over five innings as the Toronto Blue Jays defeated the New York Yankees 5-4 on Monday night. With the victory, the Blue Jays improve to 46-38 and move within two games of the Yankees for the American League East Division lead. Scherzer finished with seven strikeouts and no walks while allowing three hits in five innings of work on 71 total pitches. Carlos Rodon started for the Yankees and allowed five hits and two earned runs while walking three and striking out four in five innings. Guerrero Jr. continued his hot streak at the plate, finishing with a double and a single while driving in three runs to finish 2-for-4. The 25-year-old slugger leads the Blue Jays in home runs, RBIs, OPS, and walks. The Jays were trailing 3-1 heading into the sixth inning, but scored four runs to go ahead 5-3. Jazz Chisolm Jr. clubbed his 14th home run of the season in the fourth inning off Scherzer to drive in two runs and give the Yankees an early 2-0 lead. Cody Bellinger followed suit in the eighth with a solo shot, his 12th homer of the year, to make it a 5-4 game and bring the Yankees to within one. The comeback would fall short, though, as Jeff Hoffman closed things out with a scoreless ninth to secure the victory and pick up his 19th save of the season. Announced attendance was 40,619, a sellout, and the game took 2 hours and 42 minutes to play. STAYING HOT The Blue Jays remain one of the hottest teams in Major League Baseball. Since May 8, the Blue Jays have gone 30-18, the third-best winning percentage in MLB during that span, while also ranking top-10 in batting average, slugging percentage, on-base percentage and OPS. INJURED SPRINGER George Springer was forced to leave the game in the sixth inning after sliding awkwardly into third base during Guerrero Jr.'s two-RBI single. Before his exit, Springer had gone 0-for-2 with a walk. UP NEXT Right-hander Kevin Gausman (6-6) starts for the Jays on Canada Day, while the visiting Yankees will hand the ball to left-hander Max Fried (10-2). This report by The Canadian Press was first published June 30, 2025. Mike Stephens, The Canadian Press
