Ottawa's New Approach Has Alberta Dreaming of Pipelines Again
Welcome to Bay Street Edition, our weekly newsletter devoted to what's happening in Canadian finance, covering strategy, deals, people moves and economics.
I'm Christine Dobby, Bloomberg's Toronto-based banking reporter, and you'll find me in your inbox every Friday. This week, we're talking about why pipelines are back at the top of the political agenda, Bank of Montreal's big management shuffle and CAE's flight path. Plus: how to optimize your commute.
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Why Centrus Energy Stock Soared Higher This Week
Meta Platforms signed a massive 20-year deal with a nuclear energy provider, leading to investor enthusiasm across the industry. Bank of America initiated coverage of Centrus with a buy rating. Centrus is in a strong position to capitalize on the growing demand for nuclear power. 10 stocks we like better than Centrus Energy › Shares of Centrus Energy (NYSE: CCJ) are moving higher this week. The company's stock was up 11.5% at 1:08 p.m. ET from last Friday's close. The S&P 500 index and the Nasdaq-100 index were up 1.2% and 1.8%, respectively, at the same time. Centrus, a provider of enriched uranium to fuel nuclear reactors, saw its stock rise after the announcement of a major deal between Meta Platforms and Constellation Energy and after receiving a buy rating from Bank of America. Meta, the parent company of Facebook and Instagram, signed a deal earlier this week that will grant it access to all the energy output from the Clinton Clean Energy Center nuclear reactor in Illinois. The 1.1 gigawatt output is enough to power 800,000 homes. Meta and other tech companies are finding it difficult to access enough power to meet the incredible demands of AI, especially if they are to try to meet their respective climate goals. Nuclear power offers relatively cheap, consistent, and abundant power without pumping greenhouse gases into the atmosphere. The announced deal helped shares of Centrus move higher, as it was a clear signal that the AI industry will actively pursue nuclear energy solutions. Centus is in a strong position to capitalize on this accelerating demand for nuclear power. It is one of only two licensed producers of enriched uranium in the U.S., giving it a substantial moat. If the marketwide trend holds, and I think it will, Centrus will no doubt benefit. And while its stock is not cheap, I think its future income justifies it. Before you buy stock in Centrus Energy, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Centrus Energy 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 is 997% — a market-crushing outperformance compared to 172% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 2, 2025 Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to Meta Platforms CEO Mark Zuckerberg, is a member of The Motley Fool's board of directors. Bank of America is an advertising partner of Motley Fool Money. Johnny Rice has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Bank of America, Constellation Energy, and Meta Platforms. The Motley Fool has a disclosure policy. Why Centrus Energy Stock Soared Higher This Week was originally published by The Motley Fool Sign in to access your portfolio
Bloomberg
26 minutes ago
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Corporate Cash Levels Are Starting to Fall
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SoFi Technologies, Inc. (SOFI): A Bull Case Theory
We came across a bullish thesis on SoFi Technologies, Inc. (SOFI) on Value Degen's Substack. In this article, we will summarize the bulls' thesis on SOFI. SoFi Technologies, Inc. (SOFI)'s share was trading at $13.67 as of 2nd June. SOFI's trailing and forward P/E were 30.93 and 41.49 respectively according to Yahoo Finance. An individual using a laptop to access the fintech platform to manage their finances. SoFi (SOFI) is a fully digital neo-bank aiming to disrupt traditional banking through technology, with no physical branches and a broad suite of financial products. Its growth strategy centers on expanding its user base and increasing customer product adoption. SoFi has made significant progress, growing accounts from 8.7 million to 10.9 million in just two quarters, though annual growth has slowed to 34% from 52% as its base expands. CEO Anthony Noto envisions reaching 50 million users in five years, but the focus is increasingly on deepening customer engagement. Product growth—now over 15 million—is a key but hard-to-verify metric, and while GAAP net income has been positive for six consecutive quarters, consistent growth in profitability remains elusive. The company expects stronger earnings beginning in 2025, with $320–$350 million in net income and a substantial increase to $650–$950 million projected in 2026. Trading at ~45x 2025 earnings but only 15–30x 2026 estimates, SoFi appears expensive today but potentially cheap relative to forward growth. Revenue is expanding at 20–33% annually, and SoFi trades at just 3.77x sales, versus the 6–8x typical of high-growth, sticky-tech peers. If the multiple expands alongside revenue growth, shares could double by 2027. Risks include legacy banks finally innovating and concerns over SoFi's personal loan portfolio, though most loans are resold, and tangible book value continues to rise. With forward-looking profitability, strong growth, and a potential valuation rerating, SOFI presents a compelling entry point today ahead of its 2026 inflection. Previously, we have covered SOFI in May 2025 wherein we summarized a on Substack. SoFi showed strong Q1 2025 growth with 33% revenue increase and improving profits, driven by expanding membership and financial services. Despite weak stock response, its solid fundamentals and conservative valuation pointed to potential stock price doubling by 2026. SoFi Technologies, Inc. (SOFI) is not on our list of the 30 Most Popular Stocks Among Hedge Funds. As per our database, 17 hedge fund portfolios held SOFI at the end of the first quarter which was 14 in the previous quarter. While we acknowledge the potential of SOFI as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock. Disclosure: None. This article was originally published at Insider Monkey.
