The Canadian Investor

3 Stocks at Risk from Trump’s New Aluminum & Steel Tariffs

Feb 17, 2025

Dive into the evolving cruise industry with insights on Royal Caribbean's resurgence and family-friendly offerings. Explore how new tariffs are shaking up Canadian aluminum and steel exports and what it means for major players like Alcoa. Unpack Uber's record earnings and its pivotal role in the future of autonomous vehicles amidst fierce competition. Finally, critique a Canadian company's stock buyback strategy that raises questions about long-term stability. From cruise vacations to corporate strategies, this discussion covers it all!

57:09

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Quick takeaways

Royal Caribbean is poised for growth despite a heavy debt burden, fueled by post-pandemic travel demand and strategic investments.

The recent U.S. tariffs on Canadian aluminum and steel exports may have varied impacts on companies, revealing the complexities within affected industries.

Uber's significant earnings growth faces competitive threats, particularly from direct consumer access to autonomous vehicle services offered by competitors.

Deep dives

The Resurgence of Royal Caribbean

Royal Caribbean Cruises has shown a strong recovery post-pandemic, emerging as a growth-oriented business with significant market share gains. Despite facing substantial losses during 2020 and 2021 due to the pandemic, the company's financials indicate an upward trajectory in passenger ticket revenue and onboard sales, which has been positively affected by pent-up demand for travel experiences. Their strategic investments in private islands have further enhanced their offerings, making them more appealing to families looking for vacation options. However, the company's heavy debt load, which has increased from $8 billion to $20 billion in recent years, remains a point of concern as it aims to stabilize its balance sheet while capitalizing on growth opportunities.

Intro

2min

Cruise Futures: Family Adventures and Investment Insights

10min

Tariff Effects on Canadian Metals

14min

Uber's Autonomous Future

6min

Navigating Electric Mobility in Canada

10min

Critique of Stock Buybacks in Troubling Times

10min

Navigating Business Challenges After Rough Waters

2min

Adapting Business Strategies in Changing Financial Environments

3min

In this episode, Braden shares his first impressions of the cruise industry, how Royal Caribbean built a dominant brand, and whether it’s worth a deeper investment look. We then break down the latest tariff announcements from Trump and their impact on Canadian aluminum and steel exports, including key players like Alcoa, Rio Tinto, and Algoma Steel. Next, we discuss Uber’s record-breaking earnings, its role in the future of autonomous vehicles, and whether it can remain the dominant ride-sharing platform. Finally, we dive into Lightspeed’s questionable capital allocation decisions and what investors should watch for going forward.

Tickets of stocks/ETFs discussed: LSPD.TO, UBER, RCL

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