Expert says Air Canada's cargo shipments are ‘crucial' to Canada's economy
Canadian Chamber of Commerce Matthew Holmes explains how the Jobs Minister's decision to end the flight attendant strike is crucial to protect Canada's economy.
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Globe and Mail
5 minutes ago
- Globe and Mail
Is Palantir the Next Tesla?
Key Points Tesla is a popular stock among individual investors. Palantir also doesn't have much institutional ownership. Low institutional ownership can cause a stock to challenge traditional stock market practices. 10 stocks we like better than Palantir Technologies › Palantir 's (NASDAQ: PLTR) impressive rise over the past few years has been nothing short of incredible. Still, there have also been questions surrounding Palantir's ability to deliver on the high expectations baked into the stock price. There has been no shortage of analysts calling for Palantir's fall (myself included) due to extreme valuation. This reminds me of another stock whose valuation metrics do not make a lot of sense: Tesla (NASDAQ: TSLA). However, Tesla has continued to defy traditional valuation metrics and has stayed at an elevated stock price for some time. 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 » Could Palantir fall into this same realm? Or is it so inflated that a crash is coming? Tesla and Palantir's rise look similar Tesla stock's primary rise started in 2020, increasing from about $24 per share all the way to around today's $340 per share. It returned over 1,100% over that time frame, resulting in a rise that few stocks have ever matched. Palantir's rise has similarly been rapid and impressive. Its stock rose from around $16 to $185 at the time of this writing, resulting in about 1,000% gains. Both companies delivered impressive performance in a very short amount of time, despite not increasing their revenue by 10 times (or more) over that time frame. As a result, most investors assume that they've grown too fast and are ripe for a pullback. But this analysis excludes a significant aspect of the investment thesis. Palantir and Tesla have low institutional ownership One of the reasons why Tesla's stock did so well over that time frame is that individual investors owned it. Individual investors don't have the same mindset as institutions. Various funds and other money managers are likely more devoted to traditional valuation metrics. If their discounted cash flow (DCF) models don't work out, then they avoid the stock entirely. However, companies like Tesla and Palantir break the mold of what traditional finance teaches, which can invalidate the assumptions that go into these models. Individual investors are far more likely to take a long-term view and note that Tesla's technology and vision could allow it to deliver massive growth over the long term. This illustrates a huge difference in approaches: Institutional investors utilize trailing metrics to predict the future, while individual investors look at the world and see where it could go. This difference has allowed stocks like Tesla and Palantir to thrive, leading to massive market outperformance as individual investors are less concerned with traditional valuation measures. Whether you think that's a correct approach to these two stocks or not is irrelevant; it's what's going on. Luckily, we have access to a metric that measures the percentage of shares outstanding that institutions own. For Tesla, about 49% of shares outstanding are institutionally owned. Compared to other tech giants, this is rather low. For comparison, Alphabet and Meta Platforms each have about 78% of shares outstanding owned by institutional investors. That's quite the difference and shows how much individuals, rather than large institutions, own Tesla. Palantir is in the same territory as Tesla, with about 53% of shares owned by institutions. Compared to the two closest companies in market cap to Palantir, Costco and ExxonMobil, these two have 69% and 67% of shares owned by institutional investors, respectively. Because Palantir has a similarly small amount of shares owned by institutional investors as Tesla, the stock will likely continue to perform in a manner that some may consider irrational. The decision to invest in Palantir is up to you, but investors need to be aware that after Tesla's massive run, the stock became incredibly volatile. Palantir could be approaching that point, but we'll find out in the coming years. 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 10 best stocks 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 $668,155!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,106,071!* Now, it's worth noting Stock Advisor's total average return is 1,070% — a market-crushing outperformance compared to 184% 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 13, 2025 Keithen Drury has positions in Alphabet, Meta Platforms, and Tesla. The Motley Fool has positions in and recommends Alphabet, Costco Wholesale, Meta Platforms, Palantir Technologies, and Tesla. The Motley Fool has a disclosure policy.
CTV News
5 minutes ago
- CTV News
Expert warns of potentially rough service as Air Canada resumes flights
Northern Ontario Watch Lindsay Biscaia speaks to aviation expert John Gradek on what to expect as Air Canada resumes service following federal intervention to end a flight attendants' strike.
Globe and Mail
5 minutes ago
- Globe and Mail
Air Canada flight attendants on strike, China's new tariff and higher prices for weight-loss drugs in Canada: Business and investing stories for the week of Aug. 17
Getting caught up on a week that got away? Here's your weekly digest of The Globe's most essential business and investing stories, with insights and analysis from the pros, stock tips, portfolio strategies and more. Air Canada's flight attendants followed through on their threat to walk off the job early Saturday, in a bitter contract dispute between the carrier and its employees that has already led to hundreds of cancelled flights. The airline wound down operations earlier this week in anticipation of the strike. Early Saturday morning, the carrier posted a media release that it suspended all operations of Air Canada and Air Canada Rouge. Air Canada said it will resume service Sunday after Federal Jobs Minister Patty Hajdu ordered binding arbitration to put an end to the strike. However, the union said in a statement it would defy the back-to-work order. 'We remain on strike. We demand a fair, negotiated contract and to be compensated for all hours worked,' the statement read. The complete shutdown of Air Canada and Air Canada Rouge operations is estimated to affect about 130,000 passengers' travel plans daily. Mariya Postelnyak spoke to travellers who are watching their plans unravel. On Tuesday, China announced 75.8-per-cent duties on Canadian canola seed. Beijing unveiled the preliminary duty toward the end of a one-year anti-dumping probe, which began after Canada imposed high tariffs on Chinese-made electric vehicles. China's Ministry of Commerce argues that Canada's canola sector has benefited from extensive government subsidies and preferential policies that distort markets. Many in Canada's canola industry, however, say China's action is instead a political response to Canadian tariffs in other sectors. Ottawa – which is now facing a growing trade war on two fronts, with both the U.S. and China – has said it will hold off on making concessions until it knows Beijing will respond in kind. But, as Kate Helmore reports, politicians and industry representatives in Western Canada, the heart of the country's canola industry, said a forceful response is needed to resolve the trade dispute and provide financial aid to the industry. Beijing's announcement caused prices to drop $1 per bushel in Canada's $44-billion industry just weeks before harvest. This will cost the 40,000 canola farmers across the country tens of thousands of dollars each. Producers in the U.S. raised their prices at the fastest pace in three years as companies grapple with new costs from President Donald Trump's tariffs. The Bureau of Labor Statistics reported that the producer price index, or PPI, rose 0.9 per cent in July from the month before, more than three times faster than expected, and the largest monthly increase since March, 2022. Wholesale inflation is in a sign that import taxes are pushing up prices for domestic producers, and economists warn higher consumer prices could be next. The PPI came in hotter than the consumer price index numbers released by the labour department earlier this week. Jason Kirby takes a closer look at the latest data in this week's Decoder series. U.S. drugmaker Eli Lilly & Co. has increased prices of its popular diabetes and anti-obesity drug Mounjaro in Canada, responding to pressure from the Trump administration to lower prices in the United States and raise them elsewhere. The company also announced it is sharply raising prices in Britain to match those in other European markets. Chris Hannay reports that the moves make the company one of the most high-profile so far to respond to Mr. Trump's direction to rebalance global drug prices. Two weeks ago, he sent letters to 17 drug companies – including Lilly – telling them to increase prices in non-U.S. markets to make up for lower revenue in the U.S. The administration has also launched a national-security investigation of the sector that could lead to tariffs, which Mr. Trump has mused could be as high as 200 per cent. Zahra Khozema recently asked ChatGPT to predict her retirement. The personal finance writer, who often talks to Gen Zs and millennials about money habits, found herself worrying about whether her retirement plans were realistic after she was laid off. She writes that she found herself comparing herself to others, and wanted the chatbot to help calm her financial anxiety. It worked: 'ChatGPT created a starting point. It was like holding up a mirror and being told, gently, that maybe I'm not failing,' she writes in a recent feature. More Canadians are turning to artificial intelligence for financial advice – from setting household budgets to boosting their financial literacy – but how reliable are the answers? We posed some common personal finance questions to ChatGPT, then asked human personal finance experts to weigh in. Here's what we found. Get the rest of the questions from the weekly business and investing news quiz here, and prepare for the week ahead with The Globe's investing calendar.
