Allied Properties Real Estate Investment Trust (DOG)
If you really want to scare an Allied Properties investor this Halloween, forget the ghosts and vampires – just show up dressed as an empty office tower. With remote work still haunting office landlords, Allied reported leased occupancy of just 87.4 per cent at the end of the third quarter – roughly flat with a year earlier – and said it is considering a distribution cut to strengthen its balance sheet. No wonder the units took an axe to the head.
Nvidia Corp. (STAR)
Remember The Six Million Dollar Man? Well, get ready for The Five Trillion Dollar Stock Man. Driven by soaring demand for its chips powering the global AI boom, Nvidia became the first company to reach US$5-trillion in market value. Here’s the elevator pitch: Steve Austin, a man barely alive, has his entire brain replaced with Nvidia’s AI chips, giving him the ability to speak more than 7,000 languages, solve complex math equations, and fix any household plumbing or electrical problem you can throw at him. How about it, Netflix?
Cameco Corp. (STAR)
Pop quiz! Shares of uranium producer Cameco surged to a record high after: a) U.S. President Donald Trump, hours before a meeting with Chinese President Xi Jinping, said he ordered the U.S. military to resume testing of nuclear weapons; b) Formula 1 announced that cars will switch to nuclear fuel for the 2029 season to reduce emissions; c) The U.S. government unveiled a plan to build up to eight nuclear reactors in partnership with Westinghouse Electric Co., which is owned by Cameco and Brookfield Asset Management Ltd. Answer: c.
Perimeter Solutions Inc. (STAR)
Well, wildfires have at least one upside: They’re boosting sales of fire retardants that planes drop from the sky. Shares of Perimeter Solutions climbed after the maker of firefighting chemicals posted third-quarter revenue of US$315.4-million, up 9 per cent from a year earlier and ahead of estimates. With Perimeter recently signing a new five-year contract with the U.S. Forest Service, the other thing falling from the sky is money.
Amazon.com Inc. (STAR)
“Honey, our front porch just collapsed.”
“Darn it. I forgot to bring in the Amazon packages again.”
It’s not just Amazon’s e-commerce business that is crushing it. Driven by growth in its cloud computing and digital advertising units, the tech giant’s third-quarter results blew past expectations, sending the stock to a record high. Don’t worry: You can always order some new porch materials with Prime one-day delivery.