A year after Stellantis (STLA) walked off the job, the United Auto Workers union may strike again. UAW President Shawn Fain accused the company of breaking its contract promises.
The UAW is powerless against Stellantis. The firm is de-emphasizing its business priorities in the U.S. markets. Instead, it is releasing fresh new models in the European market. Stellantis has over-priced, high-end vehicles on dealer lots that U.S. consumers do not want.
Thanks to the Bank of Canada cutting interest rates, BCE (BCE) is more attractive. The stock gained 3.19% on Wednesday. Rogers (RCI) will buy Bell’s 37.5% ownership stake in Maple Leaf Sports & Entertainment (MLSE) for CAD 4.7 billion. When the deal closes, Rogers will have a controlling interest in MLSE.
BCE gets a good deal. It may apply the $4.7 billion to pay down its debt. The firm recently traded ex-dividend. It retained its dividend payment rate despite reporting lower free cash flow last quarter.
Telecom investors may also consider Telus (TU) after the stock broke out. Verizon (VZ) potentially peaked from here. AT&T (T) defied skeptics by breaking out from a low set in April.
T-Mobile (TMUS) is the most attractive telecom firm. However, the chart indicated a bearish double top at its 52-week high of $206.30.
