Today's New Alert [Morning News]

AwesomeStocks Don’t want emails from us anymore? Click [here]( to unsubscribe. Hello! This is a reminder that our brand new NYSE alert today is PAPL. This morning, the company released breaking news that could be another growth catalyst. Here is the breaking news from this morning: “Pineapple Financial Positioned for Strategic Growth as Canadian Mortgage Rule Changes Ignite Market Opportunity” “Toronto, Ontario--(Newsfile Corp. - September 24, 2024) - Pineapple Financial (NYSE American: PAPL) - With the recent reforms to Canada's mortgage rules, the real estate market is poised for a resurgence in activity, offering significant growth opportunities for Pineapple Financial. The government's initiatives to increase accessibility for first-time buyers and support move-up buyers, alongside the rise of insured mortgage limits, signal an environment ripe for expansion. These reforms align with Pineapple's strategic focus on providing innovative mortgage solutions, positioning us to capture market share and drive growth in the coming quarters.” “New Mortgage Rule Changes: A Catalyst for Market Growth” “The Canadian government's recent reforms include two pivotal changes that are set to unlock demand across key buyer segments:” - “Introduction of 30-Year Amortizations for First-Time Buyers and New Builds” - “Increase in Insured Mortgage Cap to $1.5 Million” “These reforms reflect the government's strategic intent to alleviate housing pressures and stimulate market activity, with positive ripple effects across the real estate ecosystem.” As the company further explains: “Pineapple Financial is uniquely positioned to benefit from these reforms. Our advanced data-driven mortgage platform, PineappleONE, is built to handle a rapidly evolving market landscape, providing our agents with powerful tools to engage both first-time and move-up buyers effectively. Here's how we plan to drive growth:” - “Expanding Our Reach to First-Time Buyers” - “Empowering Move-Up Buyers” Furthermore: “The recent mortgage reforms mark a significant turning point in the Canadian real estate market, and Pineapple Financial is ready to capitalize on this opportunity. As demand for both first-time and move-up buyers grows, our technology-driven approach, combined with our deep market expertise, positions us to deliver value across the board.” “With an expanding product suite, scalable tech platform, and a strong pipeline of clients, Pineapple is on track to become a leading force in the evolving Canadian mortgage landscape.” Full profile below: New Alert: Pineapple Financial Inc. (NYSE American: PAPL) PAPL is our brand new NYSE alert with big upside potential. PAPL has a history of experiencing significant volatility in a short period of time. In July, PAPL rallied from 0.61 to 1.31 in just a couple of weeks for upside of +114%. Since this massive rally, PAPL has consolidated to Monday’s close of 0.71. In the event that PAPL holds above its recent lows, there exists potential for a big rally higher. In addition, PAPL has a RSI of 27, suggesting the potential for increased upside. PAPL is a NYSE listed “Canadian fintech platform”. PAPL is an “award-winning fintech and leading Canadian mortgage brokerage network”. PAPL focuses “on both the long-term success of agents and brokerages, as well as the overall experience of homeowners”. “With approximately 700 brokers within the network, Pineapple creates cutting-edge cloud-based tools and AI-driven systems to enable its brokers to help Canadians realize their dream of owning a home.” In addition, on Thursday, the company announced news that could be a big growth catalyst: “Pineapple Financial Inc. Launches Pineapple Insurance” As the company further explains: - “The launch of Pineapple Insurance marks a pivotal moment in the company's evolution, fueled by strategic capital deployment from the proceeds of Pineapple's IPO in November 2023.” - “This initiative has been in development for over a year, and now, investors can see their capital being directed toward long-term, high-impact growth.” - “The introduction of life, creditor, and disability insurance is not only a natural extension of Pineapple's integrated financial services platform but also a critical move to capture a share of Canada's growing insurance market, which generated $122 billion CAD in premiums in 2022 alone.” “The Canadian mortgage market is particularly distinctive due to its short-term nature, with around 60% of new mortgage originations being for 3 to 4-year fixed-rate terms.” “This structure leads to frequent renewals and regular opportunities for mortgage providers.” In addition: “High interest rates have exerted considerable pressure on Canadian mortgage holders, primarily due to the short-term nature of Canadian mortgages.” “Typically, mortgages have terms of 1 to 5 years, with rates resetting upon maturity.” “This has led to many Canadians facing higher rates during recent renewals.” “With approximately 76% of the $2.1 trillion mortgage market set to mature by the end of 2027, the recent interest rate cut offers significant relief and presents a substantial opportunity for mortgage providers like Pineapple.” In addition to Thursday’s big announcement, PAPL has announced multiple accomplishments recently. In July, the company announced: “Pineapple Financial Inc. Announces 20.43 Percent Revenue Growth in Fiscal 2024 Third Quarter Ended May 31, 2024” Importantly: “Pineapple generated $377.64 million in residential mortgage loans in Q3 fiscal 2024, compared to $307.73 million in Q3 fiscal 2023, representing an increase of $69.91 million, or 22.72 percent.” Here are some of the company’s comments from this press release: "We are very gratified by our 2024 third-quarter fiscal results," said co-founder and chief executive officer Shubha Dasgupta. "This quarter saw positive movement in the right direction from both macroeconomic and business perspectives. Although the real estate market across the country has faced challenges, positive signs have begun to emerge. The Bank of Canada has started reducing interest rates, fixed mortgage rates have dropped, and we are seeing more supply coming onto the market. Additionally, policy changes such as the introduction of 30-year amortizations for first-time homebuyers indicate a focus on helping younger Canadians enter the housing market." As the company further explains: “From a business perspective, we have continued to grow, even in challenging markets, which is a testament to our resilience and effectiveness as a business and a platform for hundreds of brokers across the country. We have launched a variety of new technology products to increase revenue and decrease costs, participated in numerous conferences, and continued to expand into new markets and add new offices this quarter.” In addition: "We are exceptionally pleased with the significant strides we've made this quarter," said co-founder and chief executive officer Shubha Dasgupta. "The new technology products we've launched are driving both increased revenue and reduced costs, demonstrating our commitment to innovation and efficiency. Our participation in numerous conferences and ongoing expansion into new markets highlight our relentless pursuit of growth. As the Canadian real estate market shows signs of recovery, we are poised to capitalize on these favourable conditions and continue our upward trajectory, delivering robust results for our stakeholders." In July, the company also announced: “Pineapple Financial Shows Early Results, Increasing Gross Billing Margin with Potential to Grow from 7.94% to 34.8% Through Innovative Counsellor Program” Here are some of the highlights from this press release: “To date, the Pineapple Counsellor Program has funded over $87.5 million in volume USD, representing 2.53% of our overall volume. Incorporating the program's revenue into our financials has moved our overall margins from 7.94% to 8.68%.” “Notable Program Achievements”: - “43,000 New Client Opportunities Leads Uploaded: Given the short-term and cyclical nature of the Canadian mortgage market, this presents a tremendous revenue growth opportunity for Pineapple. The customer lifetime value of a "closed lead" is approximately $68,700 over the life of their mortgage. Our platform, optimized with data analytics and AI-driven customer service tools, enhances lead conversion and maximizes customer retention.” - “130% Higher Close Rate: Agents enrolled in the program achieved a 130% higher close rate than their non-enrolled counterparts in Fiscal 2023. This increase in efficiency allows us to focus more on higher probability close transactions, generating greater overall revenue for the company.” In August, the company announced: - “PineappleONE's Advanced Analytics Set to Drive Significant Revenue Growth” - “PineappleONE Adoption Boosts Broker Efficiency, Leading to a 22.72% Increase in Loan Origination to $377 Million” In September, the company also announced: - “Pineapple Financial Anticipates Growth Surge Amid Bank of Canada's Consecutive Rate Cuts and Rising Housing Completions” Make sure to do your own due diligence. Sources: [PR1]( [PR2]( [PR3]( [PR4]( [PR5]( [PR6]( [PR7]( [PR8]( [PR9]( [Website]( [Chart]( Happy Trading! AwesomeStocks Note: We encourage all traders and investors to develop personal trading rules that you can follow and that work for you. Always protect your downside and note that we alert extremely volatile short-term opportunities. 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