BayStreet.ca

BayStreet.ca Media Corp, established in May 1998, is a prominent online publisher in Canada. It provides original, relevant, and thought-provoking commentary, analysis, and opinions designed to assist investors in making well-informed investment choices.

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Why Accenture, Applovin, and Cognizant Shares Fell

5 days ago | baystreet.ca | Chris Lau

The consulting business faces substantial headwinds. Artificial intelligence might render consulting work from Accenture (ACN) unnecessary. For example, companies might use AI to generate project management schedules and strategy documents. That would save them from paying consulting fees. In its fiscal Q3 report, Accenture reported revenue of $17.7 billion, up by 7.5% Y/Y. GAAP EPS was $3.49, beating expectations.
AI Bubble Watch: Meta Spends Over $14 Billion

5 days ago | baystreet.ca | Chris Lau

Meta Platforms (META) historically go big or go home with acquisitions. Its savvy purchase of WhatsApp and Instagram continues to pay off, strengthening the firm’s platform. This time, Meta invested even more. It announced a $14.3 billion investment in Scale AI. That brought tech star Alexandr Wang to the hired staff list. Meta is reportedly planning to hire GitHub’s ex-CEO, Nat Friedman. It also plans to bring Friedman’s business partner, Daniel Gross, to the company.
Does the Bear Market Start Today?

1 week ago | baystreet.ca | Chris Lau

Last week, markets did not expect the escalating conflict between Israel and Iran. The uncertainty will worsen as markets worry about the U.S. getting involved. Is this the start of a bear market? Iran might have nuclear sites that are deep beneath the surface. Bunker-buster bombs might have the capability of destroying it. Oil prices will continue to surge in response. For the last year, WTI crude prices trended lower, falling from $80 to below $60 in May.
Microsoft Layoff, Fitch Warning, and More

1 week ago | baystreet.ca | Chris Lau

The job cuts at Microsoft (MSFT) are not yet over. Although the firm is among those in the technology sector slowing down job cuts this year, it will still reduce around 3% of its staff. Microsoft will trim the headcount by 6,000 staff. This is mostly in its sales team. This lowers costs and raises profitability. However, it also suggests that the company needs to adjust to the dynamic marketplace.
Three Stocks To Watch: Marvell, TKO, and AppLovin

1 week ago | baystreet.ca | Chris Lau

With markets closed today for Juneteenth Day, investors may look at three stocks for tomorrow. Marvell Technology (MRVL) continued to trend higher on Wednesday, trading near $75. Shares bottomed at around $50 in April. The firm announced new designs at its AI event. Marvell has two new XPU hyperscaler designs. It also has 12 additional XPU-Attach wins that will post revenue. TKO Group (TKO) will soon break out above its 52-week high.
What Stocks Will Do After Fed Rate Cut Pause

1 week ago | baystreet.ca | Chris Lau

Stock markets barely moved after the Federal Reserve maintained the Fed funds rate a 4.25 percent and 4.50 percent. Fed Chair Powell reasoned that the central bank needed to observe the tariff situation throughout the summer before making the next move. The job market is strong, wages are growing, and inflation is muted at 0.1% in May 2025, yet uncertainties persist. Fortunately, tariff-related unknowns peaked just after the Liberation Day shocked stock markets.
Are Stablecoins a Threat to Visa and Mastercard Fees?

1 week ago | baystreet.ca | Chris Lau

Label June 18, 2025, as a turning point for Visa (V) and Mastercard (MA). The U.S. Senate passed its stablecoin legislation. This could lead to a stablecoin-based system for merchants. It would increase competition for credit card payment firms. A competing platform for Visa and Mastercard would benefit merchants, cutting costs. They are already absorbing at least some of the tariff-related costs. Any of the costs it cannot incur will need to be passed to consumers.
How Serious Is the Israel/Iran Conflict For Markets?

1 week ago | baystreet.ca | Chris Lau

Markets started the week hopeful that Israel’s attack on Iran would subside. Instead, Iran responded. The U.S. President weighed in by demanding an unconditional surrender. The hostilities between the Middle East countries matter for stock markets. Oil prices react to uncertainties in the region. When oil prices rise, it puts pressure on inflation. That decreases the odds of the Federal Reserve cutting interest rates. It also hurts consumer spending, which would weaken the economy.
Three Stocks Sold Off By Up to 23.97%

1 week ago | baystreet.ca | Chris Lau

The solar energy stock rebound ended on Tuesday. Enphase Energy (ENPH) dropped by 23.97% while First Solar (FSLR) dropped by 17.89%. Republicans presented changes to the President’s tax and spending bill. The bill proposes phasing out solar and wind energy tax credits by 2028. In the sector, firms like Array Technologies (ARRY), and SolarEdge (SEDG) also sold off. Investors will sell their positions in solar and clean energy investments. In its place are hydro, nuclear, and geothermal power stocks.
What Musk's xAI $5 Billion Debt Raise Means for AI

1 week ago | baystreet.ca | Chris Lau

The lines between Elon Musk’s Tesla (TSLA) and xAI are starting to blur. Investors are unsure how much access Tesla has to the AI unit. In addition, efforts to raise debt to support xAI may have an impact on Tesla stock. xAI is seeking $5 billion in debt to raise. It would offer a floating-rate term, fixed rate, and secured bonds. Unfortunately, the issuance faces weak investor demand.