Toronto-Dominion Bank (DOG)
TD - TSX
After a year that saw shares of Toronto-Dominion Bank tumble as it paid billions of dollars in penalties for its anti-money laundering lapses, shareholders can’t wait to put 2024 behind them. Unfortunately, 2025 isn’t looking much better. Shares of Canada’s second-biggest bank dropped after it posted lower adjusted profit for the fourth quarter and warned that “it will be challenging for the bank to generate earnings growth [in fiscal 2025] as it navigates a transition year” that will include investments in anti-money laundering and risk control measures. With TD also launching a strategic review and suspending medium-term financial targets for earnings per share growth and return on equity, 2026 can’t come fast enough.
Toast Inc. (DOG)
TOST - NYSE
Business quiz! Toast Inc. is a company that: a) makes toasters, toaster ovens and accessories such as butter knives and artisanal jams – perfect for that special someone on your list who can’t get enough toast; b) uses proprietary AI technology to write customized toasts for weddings, birthday parties and other events; c) sells restaurant software that handles food orders, payments processing and data analytics, and whose shares got burnt like toast after Goldman Sachs downgraded it to “neutral” from “buy,” citing the stock’s elevated valuation after the price more than doubled this year. Answer: C.
Capital Power Corp. (STAR)
CPX - TSX
There once was a business named Capital Power
Whose share price kept going up, hour by hour
“It’s on our ‘best ideas’ list”
Said TD’s analyst
And the stock bloomed again, like a beautiful flower
American Airlines Group Inc. (STAR)
AAL - Nasdaq
American Airlines, your stock is cleared for takeoff. On the heels of a record-breaking U.S. Thanksgiving weekend for air travel in the United States, shares of American Airlines Group Inc. took flight after the carrier said in a regulatory filing that “the pricing and revenue environment has continued to improve” since the company issued its outlook in October. The largest U.S. airline now expects fourth-quarter adjusted earnings per share will be between 55 US cents and 75 US cents, which is above the high end of its prior guidance range. With the stock up about 90 per cent from its August lows, shareholders are upgrading to business class.
Foot Locker Inc. (DOG)
FL - NYSE
Foot Locker Inc.’s stock just came down with a nasty case of athlete’s foot. Hurt by a more promotional pricing environment amid a slowdown in demand after the back-to-school season, the retailer reported a 1.4-per-cent drop in sales and swung to a loss of US$33-million (or 34 US cents a share) for the third quarter, missing expectations on both the top and bottom lines. Adding to the gloom, the company cut its full-year revenue and earnings guidance. Investors are peeling dead skin and callouses off their portfolios.