Connect with us

Business

NIH Director: Politics Have 'Nothing To Do' with COVID-19 Vaccine Approval | MSNBC – MSNBC

Published

 on

Business

Ontario Adjusts Vaccination Plan in Response to Pfizer-BioNTech Shipment Delays | Ontario Newsroom – Government of Ontario News

Published

 on


Ontario Newsroom | Salle de presse de l’Ontario

We’re sorry but Ontario Newsroom doesn’t work properly without JavaScript enabled. Please enable it to continue.

Let’s block ads! (Why?)



Source link

Continue Reading

Business

Why BlackBerry (TSX:BB) Stock Just Soared 40% – The Motley Fool Canada

Published

 on


BlackBerry (TSX:BB)(NYSE:BB) stock popped 40% on Monday morning. This is the highest increase in the tech company’s share price in nearly a decade. Let’s take a look at what could have driven this rally and if more upside is to come.

BlackBerry stock has tripled in value year to date

BlackBerry stock was trading at nearly $25 a share when the Toronto Stock Exchange opened on Monday, up more than $7 or more than 40% from Friday’s level. The company now has a market cap over $13 billion.

BlackBerry stock has been rallying for several days before skyrocketing on Monday. At the start of 2021, the company was worth just over $8 per share. It is now worth about three times as much.

This rally doesn’t seem to be explained by fundamental changes in the business. BlackBerry has had a number of good news in recent weeks, but nothing that would explain the share price rise on Monday. The movement is most likely driven by investors’ enthusiasm, according to experts.

On October 16, BlackBerry announced its partnership with Zoom. Zoom will use BlackBerry Dynamics cybersecurity software from BlackBerry in its mobile platform to protect businesses from cyberattacks and data breaches. BlackBerry Dynamics software also provides secure video conferencing, which BlackBerry believes will become more and more necessary as businesses move away from in-person meetings.

BlackBerry signed last month a deal with Amazon to work on connected cloud software for cars. Earlier this month, it was reported that BlackBerry had sold 90 patents to Chinese telecommunications company Huawei. BlackBerry owns more patents than any other company in Canada, many of which are applicable to smartphones that BlackBerry will no longer focus on.

Although BlackBerry is moving away from smartphones, BlackBerry announced last August that it would partner with OnwardMobility to help the tech startup produce BlackBerry-branded smartphones with 5G technology. The phones are expected to be released in the first half of this year.

In mid-January, the tech company favourably settled a patent dispute with Facebook.

Enthusiasm about the tech stock is coming back

Those pieces of news might have helped to boost BlackBerry’s stock price to a certain extent, but what could have helped increase the share price further is enthusiasm from retail investors on popular online discussion forums such as Reddit. Other stocks have unexpectedly risen in recent weeks.

The current recovery in the stock market has boosted the valuation of large companies. Investors are now hunting for bargains.

There is a shift in market sentiment about BlackBerry stock. Investors are becoming more bullish about the tech stock outlook. It seems investors are starting to realize the value of what BlackBerry has been working on for the past decade as tangible partnerships have come to fruition.

The company growth prospects look promising. But you might want to wait for a more attractive entry point, as the stock has become overvalued after the strong rally. The forward P/E is close to 200, which is way too high even for a growth stock like BlackBerry. If you own BlackBerry stock, you might want to take some profits off the table before the rally fades out.

This Tiny TSX Stock Could Be the Next Shopify

One little-known Canadian IPO has doubled in value in a matter of months, and renowned Canadian stock picker Iain Butler sees a potential millionaire-maker in waiting…
Because he thinks this fast-growing company looks a lot like Shopify, a stock Iain officially recommended 3 years ago – before it skyrocketed by 1,211%!
Iain and his team just published a detailed report on this tiny TSX stock. Find out how you can access the NEXT Shopify today!

Click here to discover how!


John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool’s board of directors. Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to its CEO, Mark Zuckerberg, is a member of The Motley Fool’s board of directors. Fool contributor Stephanie Bedard-Chateauneuf has no position in any of the stocks mentioned. David Gardner owns shares of Amazon and Facebook. Tom Gardner owns shares of Facebook and Zoom Video Communications. The Motley Fool owns shares of and recommends Amazon, Facebook, and Zoom Video Communications. The Motley Fool recommends BlackBerry and BlackBerry and recommends the following options: long January 2022 $1920 calls on Amazon and short January 2022 $1940 calls on Amazon.

Let’s block ads! (Why?)



Source link

Continue Reading

Business

Couple who chartered plane to get COVID vaccine in Yukon misled about jobs, locals say. Now they face charges — and fury – Caledon Enterprise

Published

 on


[unable to retrieve full-text content]

  1. Couple who chartered plane to get COVID vaccine in Yukon misled about jobs, locals say. Now they face charges — and fury  Caledon Enterprise
  2. Former casino CEO, actress identified as couple who flew to Yukon, got COVID-19 vaccines  CBC.ca
  3. Former CEO of Great Canadian Gaming, actress charged after flying to Beaver Creek for COVID-19 vaccine  Yukon News
  4. Vancouver CEO and actress charged after sneaking into COVID-19 vaccine clinic in Yukon  Vancouver Sun
  5. Great Canadian Gaming CEO, wife ticketed after allegedly flying to Yukon to get COVID-19 vaccine  Global News
  6. View Full coverage on Google News



Source link

Continue Reading

Trending