Canada Post union calls for halt to overtime as deadline passes with no agreement
Canada Post workers will remain on the job for now with an overtime ban in place as its strike deadline came and went without a deal. Adrian Ghobrial has more.
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Growth stocks represent companies poised for rapid expansion, beating both the overall market and industry peers. This growth potential translates to large capital appreciation for investors. Also, investing in growth stocks can be a long-term strategy, as these companies reinvest profits to drive future expansion. Confident Investing Starts Here: One way to identify these stocks is through their past revenue or earnings growth. Today, we have shortlisted stocks whose revenue has grown at a five-year CAGR of more than 5%. Along with this parameter, we have zeroed in on stocks that have received Strong Buy ratings from Wall Street analysts. Here are this week's stocks: DraftKings (DKNG) – This company provides digital sports entertainment and gaming services. Its average price target of $54.43 implies a 57.22% upside potential from the current levels. The company's revenue has grown at a five-year CAGR of nearly 51%. ServiceNow (NOW) – ServiceNow provides cloud computing solutions that automate enterprise IT operations. NOW stock's average price target of $1,064.33 implies an upside potential of 4.16%. Its revenue increased at a CAGR of over 19% in the past five years. Uber Technologies (UBER) – This transportation company offers ride-hailing, courier services, and food delivery services. The stock has a price forecast of $98.61, which implies a 14.9% upside potential. UBER's revenues have witnessed a 31.6% five-year CAGR. What Is Tipranks' Smart Growth Newsletter? TipRanks' Smart Growth Newsletter provides top growth investment ideas on a weekly basis, based on TipRanks' data and analysis. The newsletter includes macro-economic, market-wide, and company-specific analysis to help investors understand the trends that may influence their growth investments. Stay ahead of the market – subscribe now!


Globe and Mail
an hour ago
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Why an Investment in This Index Can Be the Best Gift You Give New Grads This Year
May and June are graduation season, and if you haven't decided what to get for the new grad in your life, you may want to consider gifting them an investment. It may not be as flashy as a car or trip abroad, but that investment is likely to grow over time. In the process, it can not only underscore just how valuable investing can be but also how simple it can be as well. Beginners often believe successfully investing in the stock market must be a complex undertaking that requires years of experience and countless hours of research. But picking a good investment can be much easier than that. Tracking a broad market index such as the S&P 500 (SNPINDEX: ^GSPC) is arguably the simplest way for anyone to get started, and your gift can put the new grad you know on the right path. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Learn More » Why an investment in the S&P 500 makes sense for new grads The biggest advantage young investors have is time. The problem is that many students and young professional aren't thinking about saving for retirement. Even if they are, they're often financially unable to do so as they grapple with student debt, rent payments, and other adult responsibilities. Or worse, they're most interested in finding the next big growth stock or chasing meme stocks. Investing in the safe and dependable S&P 500 probably doesn't rank too highly in any of these scenarios. But with decades ahead of them, new grads will benefit immensely from the effects of compounding. The S&P 500 has grown an average of 10% per year in its history, enough to mint a sizable nest egg for patient investors (more on this below). And beyond this attractive rate of return, the index is made up of 500 of the largest U.S. companies with exposure to all of the major sectors, industries, and geographic markets. Here's how much your gift could grow over time Though I've been talking about the benefits of investing in the S&P 500, you can't just buy a piece of the index. Instead, you can invest in an exchange-traded fund (ETF) that tracks it and offers very similar returns. A popular option is the SPDR S&P 500 ETF (NYSEMKT: SPY). This low-cost fund has an expense ratio of just 0.0945%, so for every $1,000 you have invested in the ETF, you lose less than $1 per year to management fees. When investing over the long term, high expense ratios can add up to hundreds and thousands of dollars. Over the past decade, the SPDR S&P 500 ETF has grown more than 180%. Including dividends, its total return climbs above 230%. Data by YCharts. That works out to a compound annual growth rate (CAGR) of 12.7% over the past 10 years, which is higher than the S&P 500's historical average. But taking a slightly more conservative approach and assuming the index and ETF will deliver a 10% annual return long term, here's how different sized gifts -- all invested in the SPDR S&P 500 ETF -- could grow for a new grad: Gift Amount 20 Years 30 Years 40 Years 50 Years $100 $673 $1,745 $4,526 $11,739 $200 $1,345 $3,490 $9,052 $23,478 $500 $3,364 $8,725 $22,630 $58,695 $1,000 $6,727 $17,449 $45,259 $117,391 $2,000 $13,455 $34,899 $90,519 $234,782 $3,000 $20,182 $52,348 $135,778 $352,173 Table and calculations by author. Your gift could become a five or even six-figure sum if its recipient is patient enough to let compounding do its magic. Though inflation will diminish the purchasing power of the estimates above, this is still a great example of how a simple investment in the stock market can become a major windfall for young grads, even if retirement planning is the last thing on their minds. Should you invest $1,000 in SPDR S&P 500 ETF Trust right now? Before you buy stock in SPDR S&P 500 ETF Trust, 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 SPDR S&P 500 ETF Trust 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 $669,517!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $868,615!* Now, it's worth noting Stock Advisor 's total average return is792% — a market-crushing outperformance compared to171%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
an hour ago
- Globe and Mail
Jefferies Is Doubling Down on Nvidia. Here Are 3 Other Stocks the Firm Loves Now.
Jefferies recently refreshed its 'Franchise Picks' list, and it sees a solid future for Nvidia (NVDA) as next-gen Blackwell chips are causing the company to remain dominant. The Franchise Picks list is Jefferies' tightest collection of 'Buy'-rated ideas. The firm only admits stocks on which its analysts have solid conviction. Alongside Nvidia, Jefferies also sees Capital One Financial (COF), Expand Energy (EXE), and Huntington Bancshares (HBAN) as top picks. These stocks are riding tailwinds from AI compute, consumer credit scale, the energy boom, and the consolidation in the Midwestern banking sector. There's plenty of upside if things go according to plan. Let's dive in. Stock #1: Capital One Financial (COF) Capital One Financial just won regulatory approval for its $35 billion takeover of Discover. The combined entity is now one of the top card issuers. Capital One already posted solid net income that rose 10% year-over-year last quarter. It now expects to redirect a sizable chunk of Discover spend onto its own processing rails, which could lift margins several hundred basis points. Litigation over deposit practices did cost $425 million, but that is lunch money compared with the incremental cash flow from a vertically integrated payments franchise. Jefferies has maintained its 'Buy' rating on this stock and recently adjusted its price target on COF from $200 to $230. The mean price target is at $217.75, and Jefferies isn't the only firm that's bullish here. Price targets go up to $264. Stock #2: Expand Energy (EXE) Most investors have never heard of Expand Energy, but Jefferies' energy team loves its business. Expand Energy expects to push production to 7.1 bcf‑equivalent‑per‑day in 2025 and 7.5 bcfed the year after. Management just posted a clean earnings beat and reaffirmed a $2.7 billion capital plan to run 12 rigs. The U.S. LNG build‑out means domestic gas (NGN25) demand could rise 18% annually through the decade, and Expand's acreage sits close to Gulf Coast liquefaction hubs. Jefferies raised its target to $135 from $130. The mean price target here is $127.81, and price targets go up to $170. Stock #2: Huntington Bancshares (HBAN) Regional banks remain unloved, but Huntington Bancshares' credit quality looks rock solid. It trades at just under 11 times forward earnings and has a dividend yield of 3.86%. It posted Q1 net income that rose 26% year-over-year, and has had 5% loan growth. It reiterated a 5% to 7% loan and a 3% to 5% deposit CAGR through 2025. The Midwest economy is stronger than coastal investors believe. Manufacturing reshoring is happening, and Huntington sits at the heart of it. It lends to small and midsize firms that are busy rebuilding supply chains. Jefferies initiated coverage last month and set a price target of $20. The mean price target here is $17.65, and Jefferies has the highest price target here among 21 analysts.