Stars and dogs of the world for this week

A humorous look at the companies that caught our eye, for better or worse, this week

Bank of Nova Scotia (STAR)


Are those Bank of Nova Scotia commercials encouraging people to go to the bank for advice? Here are some free tips: Buy Canadian bank stocks. Scotiabank shares jumped after Canada’s third-largest bank reported a 12 per cent increase in second-quarter profit to $2.75 billion, or $2.16 per share – beating expectations – and raising its earnings by 3 per cent. With Bank of Montreal, Royal Bank, Imperial Bank of Canada and the National Bank boosting dividends as well, bank shareholders are getting richer than they think.

Wendy’s (Star)

One – Nasdaq

Business contest! Wendy’s shares soared after: a) Dave’s Quadruple-stacked Bacon Mushroom ‘n’ Jalapeno Spicy Chipotle Mozzarella ‘n’ Cheddar ‘n’ More Bacon ‘n’ Mushroom Burger had solid sales in its first week on the menu; b) Wendy’s has declared a special dividend from large Frosty and fries, to be paid to shareholders of record on June 1st; c) Trian Partners, which holds a 19.4 percent stake, disclosed in a filing that it is exploring potential deals to “enhance shareholder value” that could include acquisitions or mergers. Answer: c.

Snape (dog)


Snapchat: The sound made by tree branches as a powerful thunderstorm swept through Ontario and Quebec last weekend; Snap Inc: A company that has been hit by a storm of its own making this week. Shares of the parent company of social media app Snapchat plunged 43 percent on Monday — their worst drop since the company went public in 2017 — after Snap warned it would not meet its second-quarter revenue and earnings targets because “the macroeconomic environment has deteriorated.” It deteriorated further and faster than expected.” With social media stocks and online advertising dwindling, investors have been hiding as far away from technology as possible.

Smith & Wesson brands


Predictable responses when there is a mass shooting in the US: 1) people send “ideas and prayers”; 2) Politicians insist that “now is not the time to talk about gun control. People are still grieving”; 3) High stock of firearms. In the wake of the murders of at least 19 students and two teachers at an elementary school in Ovaldi, Texas, shares of Smith & Wesson Brands soared as some investors speculated Americans would buy more guns to avoid a possible tightening of firearms laws. Apparently, 400 million rifles already in circulation is not enough.

Dollar Tree (Star)


Here’s one way to fight inflation: Shop it all at the dollar store. Here’s a better way: invest in a dollar store company. Shares of Dollar Tree — which operates more than 15,500 stores in 48 US states and five Canadian provinces — rose after first-quarter results came in above expectations, including a 6.5 percent increase in net sales and a 48.1 percent jump in earnings per share. With Dollar Tree also boosting its full-year earnings outlook as it offers more items at $1.25, $3 and $5, investors are beating inflation at their own game.

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