Bull Market Buys: 1 Magnificent Stock to Own for the Long Run [Yahoo! Finance Canada]
Allbirds, Inc. (BIRD)
Company Research
Source: Yahoo! Finance Canada
The Bank of Canada lowered interest rates by 25 basis points to 4.75% last week. The central bank stated that interest rates might move even lower in the next 12 months if inflation stays below the 2% threshold. Generally, falling interest rates act as a tailwind for stocks, as companies can raise debt at a lower cost and fuel their expansion plans. Further, as interest rates are slashed, asset classes such as equities and gold gain popularity among investors. Basically, if the Bank of Canada eases its lending rates, equities will likely continue moving higher and extend the ongoing bull run. Here is one magnificent TSX stock to own in the upcoming bull market The bull case for Shopify stock Shopify TSX:SHOP ) went public in 2015 and has since returned close to 2,400% in the last nine years. Today, Shopify stock is valued at US$82 billion by market cap and is one of the largest companies in Canada. Despite its outsized gains, the TSX tech stock is down over 50% from all-time hi
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BIRD
News
- Are there early Amazon Prime Day 2024 deals? [CBS News]CBS News
- Allbirds (BIRD) Expands Global Reach With Distribution Deals [Yahoo! Finance]Yahoo! Finance
- Allbirds Announces Completion of International Distributor Deals [Yahoo! Finance]Yahoo! Finance
- Allbirds Announces Completion of International Distributor DealsGlobeNewswire
- Here's Why Allbirds, Inc. (BIRD) Is a Great 'Buy the Bottom' Stock Now [Yahoo! Finance]Yahoo! Finance
BIRD
Earnings
- 5/8/24 - Beat
BIRD
Sec Filings
- 6/18/24 - Form PRE
- 6/11/24 - Form 4
- 6/11/24 - Form 4
- BIRD's page on the SEC website