Are you anticipating a calm market as the holidays approach?
Think again.
Astute investors and brokers recognize that this is their moment to excel. With the global economy constantly shifting, staying active is the smart move. Over the past week, some shareholders have enjoyed early holiday gifts in the form of rising stock prices, while others have faced disappointments.
Bombardier lands 200th Global 7500 business jet
Bombardier (TSX:BBD, Forum) has reached a significant milestone with the delivery of its 200th Global 7500 business jet since its entry into service in December 2018. The Global 7500, renowned for its top speed of Mach 0.925 and an impressive range of 7,700 nautical miles, has set numerous speed records in its class.
The jet completed the longest flight in business aviation history, covering 8,225 nautical miles from Sydney, Australia, to Detroit, Michigan, in October 2019.
Equipped with the innovative Smooth FlĕxWing, the Global 7500 optimizes lift on takeoff and approach while reducing fuel burn and emissions. This advanced wing design has contributed to the aircraft’s over 200,000 flying hours. Looking ahead, Bombardier’s Global 8000 jet, expected to enter service in the second half of 2025, promises to surpass the Global 7500 with an industry-leading range of 8,000 nautical miles and a top speed of Mach 0.94.
Datametrex AI secures significant IT services purchase orders
Datametrex AI (TSXV:DM, Forum) has announced the receipt of purchase orders totalling approximately C$250,000 for its IT services as of this week. With an estimated delivery cost of C$188,000, the company anticipates a gross profit margin of around 26 per cent. This achievement paints a clear picture of Datametrex’s adaptability in a competitive IT market, given the effectiveness of its land and expansion approach.
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The success of Datametrex’s AI and tech division further emphasizes the company’s steady financial performance and robust partnerships with key clients across various sectors.
Canopy Growth expands U.S. presence with Acreage Holdings acquisition
Canopy Growth (TSX:WEED, Forum) confirmed that its subsidiary, Canopy USA, has completed the acquisition of Acreage Holdings, now owning 100 per cent of its issued and outstanding shares. This acquisition, along with the completed purchase of Wana Wellness, the CIMA Group, Mountain High Products, and approximately 77 per cent of Lemurian Inc. (Jetty), puts Canopy USA on track to becoming a leading brand-focused cannabis company in the U.S.
These acquisitions are expected to deliver significant financial benefits, including revenue growth, cost synergies, marketing efficiencies, and joint sales advantages across key cannabis product categories such as vapes, edibles, and flower. With the U.S. retail cannabis market projected to reach approximately US$50 billion by 2026, Canopy USA’s strategy aims to capture a substantial market share and maximize returns on its investments.
As the end of the personal fiscal year nears, signs of increased market activity are everywhere. Investors are eager to capitalize on opportunities, brokers are aiming for significant deals, and companies are striving to impress both current and potential shareholders. Everyone is in it to win as we approach the finish line. Let’s take a look at some of the standout stocks leading the pack and those that have stumbled.
As we wrap up 2024, it is time to look to the new year ahead, and see if the holidays have a positive effect on the markets in the form of a “Santa Claus Rally”.
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(Top image: File photo.)