Sunday Snapshot
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Skyharbour Resources (Canada: SYH.V)(USA: SYHBF) is a high-grade uranium exploration and early-stage development company, holding an extensive portfolio of uranium exploration projects in the Athabasca Basin, Saskatchewan.
This week, we wrote an article providing in-depth coverage of its business, recent acquisitions, and the completion of one of its partner’s 2023 drill programs.
In it, we highlight:
⚛️ Skyharbour’s 100% acquisition of the South Dufferin uranium project, totaling 13,204 hectares, from Denison Mines.
💎 The addition of eight new uranium projects, spanning 34,022 hectares: Highway, Snow, Shoe, CBX, 914, 914N, Elevator, Karin
⚒️ Partner company Azincourt Energy’s completion of the 2023 Drill Program at East Preston, which was comprised of 12 drill holes, drilling a total of 3,066 meters.
💰 A brief overview of the Company discussing its Moore Lake and Russell Lake co-flagship uranium projects, Skyharbour’s total project land package consisting of 24 properties covering 504,356 hectares, and more.
To read the full article on Skyharbour Resources (Canada: SYH.V)(USA: SYHBF), click the button below.
| SKYHARBOUR RESOURCES (Canada: SKY.V)(USA: SYHBF) |
QUICK MARKET RECAP
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Great news everyone, inflation is slowing down once again!
The past two years have been anything but fun when it comes to managing debts and cutting costs, however, with the macroeconomic environment improving, it appears that we may be nearing the end of this tumultuous time.
In April, US inflation fell to 4.9%, which is the lowest it has been since April 2021.
This is now the 10th consecutive month where inflation slowed, though it is still a long reach from the desired 2% set by the Fed.
Fortunately, this is leading to analysts, like BlackRock’s head of global fixed-income, Rick Rieder, anticipating that the Fed will pause rate hikes for the foreseeable future.
While he does see “a reasonable chance” of the US falling into “a shallow recession,” due to the central bank’s actions, a pause on rate hikes could improve stability in the markets.
Overall, financial markets barely budged this week as the Street and retail investors searched for more conclusive results.
Here is How Major Indexes Performed this Week:
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Trio Petroleum (NYSE: TPET) signs an Acquisition Agreement to potentially acquire up to 100% of the Union Avenue Field property.
Union Avenue has produced approximately 2.3 million barrels of oil and 1.2 billion cubic feet of gas, with significant remaining long-term oil-production potential.
Click to learn more!
| TRIO PETROLEUM (NYSE: TPET) |
TOP NEWS
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Airbnb Drops After Announcing a Cautious Q2 Outlook
You know it is strange times in the market when a stock tanks after posting its most profitable quarter ever.
🏚️ $ABNB is down 12.20% this week, trading at a market cap of $66.34 billion and a P/E of 35.57.
🥶 Airbnb shares fell after the company offered slightly weaker-than-expected guidance and a cautious outlook for Q2, 2023.
🤑 Despite this, Airbnb posted its first-ever profitable quarter, achieving a net profit of $117 million, and revenues of $1.82 billion (up 20% YoY) in Q1, 2023.
📊 In total, the company reported 121.1 million nights and experiences booked in Q1, up 19% YoY, with active listings increasing 18% YoY.
⛈️ In its shareholder letter, Airbnb warned that Q2 would be tough, saying, “Nights and Experiences Booked will have unfavorable year-over-year comparisons in Q2 2023 as we overlap pent-up 2022 demand following the COVID Omicron variant.”
This former penny stock is up 297,632% since its IPO!
Read this article to learn more.
| BEST PENNY STOCKS OF ALL-TIME |
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MicroStrategy Doubles Down on Bitcoin
If you are wondering whether people are still bullish on Bitcoin, look no further than MicroStrategy.
💎 MicroStrategy, the business intelligence company co-founded by Michael Saylor, has now purchased Bitcoin for 11 consecutive quarters, adding an additional 7,500 BTC to its balance sheet in Q1 2023.
🙌 The company is the largest corporate holder of Bitcoin, owning 140,000 Bitcoin in total on its balance sheet.
💸 $MSTR bought its BTC at an average price of $29,803, implying that it owns over $3.70 billion Bitcoin—BTC currently trades at $26,450.
📉 $MSTR is down 17.05% this week, following the news, trading at a market cap of $3.85 billion and a P/S of 6.97.
🌎 “This investment reflects our belief that Bitcoin, as the world’s most widely-adopted cryptocurrency, is a dependable store of value and an attractive investment asset with more long-term appreciation potential than holding cash.” – Executive Chairman Michael Saylor
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Peloton Hits All-Time Low After Recalling 2 Million Bikes
If you own Peloton stock, close your eyes, it’s getting worse.
💥 Peloton shares fell 11.14% this week after the U.S. Consumer Product Safety Commission recalled 2.2 million of the company’s bikes over injury and fall concerns.
🤕 According to reports, Peloton’s Model Number PL01 bikes can detach and break unexpectedly during use which has led to 12 injuries, including one wrist fracture.
🚴♀️ The company has received 35 reports of unexpected seat breakages between January 2018 and this month, whereby they sold over 2 million bikes in that period.
🦺 “Our commitment to Member safety is unwavering, […] For Peloton, it was important to proactively engage the CPSC to address this issue and to work swiftly and cooperatively to identify a remedy.” – Peloton
😱 $PTON is down 95.74% since its all-time high in 2020, now trading at a market cap of $2.46 billion and a P/BV of 100.18.
Want a better stock pick than Peloton?
Check out these top 5G stocks!
| TOP 5G STOCKS HERE |
DID YOU KNOW?!
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The S&P 500 Usually Performs Positively Following a 5% CPI Drop
On the topic of inflation, you may be pleasantly surprised to find that the stock market tends to perform well after inflation sinks.
Over the past 80 years, the market turned green 7 out of 7 times six months after, and 6 out of 7 times one year after the CPI dropped more than 5%.
Out of all these periods, 1982 was the strongest whereby the market rocketed 27.0% over six months and 37.9% over one year.
So, even though it may be tough right now, know that investing over the long run pays off tremendously no matter what environment you are in.
Just keep on investing!
Disclosure/Disclaimer:
We are not brokers, investment or financial advisers, and you should not rely on the information herein as investment advice. If you are seeking personal investment advice, please contact a qualified and registered broker, investment adviser or financial adviser. You should not make any investment decisions based on our communications. Our stock profiles are intended to highlight certain companies for YOUR further investigation; they are NOT recommendations. The securities issued by the companies we profile should be considered high risk and, if you do invest, you may lose your entire investment. Please do your own research before investing, including reading the companies’ public filings, press releases, and risk disclosures. Information contained in this profile was provided by the company, extracted from public filings, company websites, and other publicly available sources. We believe the sources and information are accurate and reliable but we cannot guarantee it. The commentary and opinions in this article are our own, so please do your own research.
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