In this episode, we break down a wide range of market stories, starting with SpaceX’s potential IPO and what its S-1 reveals about the business. We look at the company’s major segments, including Starlink, launch services, and xAI, while discussing the massive valuation being floated and why investors may want to be cautious around the hype. We also cover Nvidia’s latest blockbuster earnings, the continued strength in AI infrastructure demand, and why the stock’s muted reaction says a lot about how much growth is already priced in. From there, we turn to Walmart, Lowe’s, and Home Depot to see what they are saying about the consumer, higher fuel costs, and the pressure still hitting DIY and housing-related spending. Finally, we discuss the start of Canadian bank earnings season with Scotiabank, including its improving return on equity, lower provisions, and why Canadian banks continue to show resilience despite concerns around the broader economy. Tickers of stocks discussed: NVDA, WMT, LOW, HD, BNS.TO Subscribe to Our New Youtube Channel! Check out our portfolio by going to Jointci.com Our Website Canadian Investor Podcast Network Twitter: @cdn_investing Simon’s twitter: @Fiat_Iceberg Braden’s twitter: @BradoCapital Dan’s Twitter: @stocktrades_ca Want to learn more about Real Estate Investing? Check out the Canadian Real Estate Investor Podcast! Apple Podcast - The Canadian Real Estate Investor Spotify - The Canadian Real Estate Investor Web player - The Canadian Real Estate Investor Asset Allocation ETFs | BMO Global Asset Management Sign up for Fiscal.ai for free to get easy access to global stock coverage and powerful AI investing tools. Register for EQ Bank, the seamless digital banking experience with better rates and no nonsense. See omnystudio.com/listener for privacy information.

 SpaceX’s $1.75T IPO & Canadian Banks Keep Rallying

The Canadian Investor

# Full Transcript

**Podcast:** The Canadian Investor

## Transcript

[SPEAKER_A] Investing is simple, but don't confuse that with thinking it's easy.

[SPEAKER_B] A stock is not just a ticker. At the end of the day, you have to remember that it's a business.

[SPEAKER_A] Just my reminder to people who own cyclicals, don't be surprised when there's a cycle.

[SPEAKER_B] If there's uncertainty in the markets, there's going to be some great opportunities for investors.

[SPEAKER_A] This has to be one of the biggest quarters I've seen from this company in quite some time.

[SPEAKER_B] Welcome back to The Canadian Investor Podcast. I'm Simon Béranger. I'm back with Dan Kent. We have a fun episode. It feels like earnings season's never ending. We'll be talking about SpaceX upcoming IPO. We'll also be talking about NVIDIA's recent results, which were blockbuster, but the stock didn't move too much. We'll be talking about Walmart, Lowe's, and Home Depot and what they're saying about the consumer and the caution that they're advising in terms of consumer spending, especially because of higher oil prices that we're seeing. And then you'll go over Scotiabank, so the start of Canadian bank earnings. And if we have time, we'll talk about National Bank. I'm not sure if we'll be able to get there. So should be a fun episode, a little bit of everything, some Canadian content, large, possibly the largest IPO in history coming up as well. So some fun stuff to talk about.

[SPEAKER_A] Yeah, I think we'll have probably a more in-depth episode on the banks probably next week because we'll get more of them bunched in. But yeah, the Canadian banks look pretty good right now, to be honest. They posted some outstanding quarters from what I've seen this morning. I didn't have a chance to look into BMO, but it should be a pretty interesting episode. A lot of kind of consumer-sensitive stocks reporting, and I haven't had a chance to look into this SpaceX IPO.

[SPEAKER_B] Oh, it's, uh, it's something. Yeah, it's something. So, uh, let's get started. Let's get started with SpaceX. Obviously the big news, SpaceX released its S-1. So an S-1 will be released when a company is going to IPO. It gives essentially an overview of the company, uh, the financials in recent years. So it gives you a much better idea, like what's under the hood for a company. Obviously, it's a massive document, so I did not read the whole thing, but I went through the most important section. I'll drill down to what it looks like, what the company makes in terms of its main segments. I'll break it down for people so it's as easy as possible to understand. So the S-1 does give you a good view of the business and how profitable it is, like I mentioned, but we still don't know what the valuation and the timing of the IPO will be. There is speculation that could be around June 12th or June 12th, but still that hasn't been confirmed. And we are recording this on May 27th, so it's possible by the time that you...

SpaceX’s $1.75T IPO & Canadian Banks Keep Rallying

Transcript

Built for investment professionals

Every day you wait, your competitors are finding
edge in conversations you're not hearing.

SpaceX’s $1.75T IPO & Canadian Banks Keep Rallying

Transcript

Built for investment professionals

Every day you wait, your competitors are findingedge in conversations you're not hearing.

Every day you wait, your competitors are finding
edge in conversations you're not hearing.