Autumn has been kind to Intel (NASDAQ:INTC). Since bottoming out at $44.55 in September, INTC stock rallied to a high of nearly $59 a share. All thanks to a solid earnings beat. Source: dennizn / Shutterstock.com Earnings of $1.42 per share crushed expectations for $1.24. Revenue of $19.19 billion trounced $18.05 billion expectations. It even
Month: November 2019
Wednesday will mark the last full trading session of the holiday-shortened trading week. It’s no surprise then that Tuesday marked a rather quiet session in the stock market today. The SPDR S&P 500 ETF (NYSEARCA:SPY) spent most of the session higher by about 10 basis points, but finished higher by 0.2%. That’s about where the
Earlier this week, Canopy Growth Corp (CGC) announced it had won a license to produce cannabis-infused beverages in Canada. Health Canada — the country’s cannabis industry regulator – granted the license just in time for the rollout of Canada’s highly-anticipated Rec 2.0, when cannabis edibles and derivative will finally become available for retail sale. “This
Robinhood co-founder and co-CEO Vlad Tenev speaks onstage during the TechCrunch Disrupt New York event on May 10, 2016. Noam Galai | Getty Images for TechCrunch Robinhood is no longer looking to become a federally insured bank. The stock-trading start-up announced Wednesday that it was pulling its bank charter application with the Office of the
Chances are good the stock market could hit a few bumps as December gets underway, but any pullback should be slight, setting up for a year end Santa rally, strategists say. The tone around trade talks between the U.S. and China has been positive enough to keep the market moving higher. The Dec. 15 deadline
An interesting study by UBS and PricewaterhouseCoopers shows that billionaire-controlled companies delivered 15-year annualized total returns of 17.8%, almost twice the returns of the MSCI ACWI index over the same period. The authors of the study call this the “billionaire effect,” suggesting that billionaires have three personality traits that carry them to success: smart risk-taking,
I have maintained a “Bearish” view on most of the cannabis stocks in the last few months. My view has been backed by factors of cash burn, lack of clinical research and regulatory hurdles for industry players. There are still no compelling reasons to consider exposure to Aurora Cannabis (NYSE:ACB), even with ACB stock sliding
U.S. stock futures are inching higher on what is bound to be a low volume and likely low volatility trading session ahead of Thanksgiving. Heading into the open, futures on the Dow Jones Industrial Average are down 0.01%, and S&P 500 futures are higher by 0.06%. Nasdaq Composite futures have gained 0.16%. Source: Shutterstock In
Byron Wien Olivia Michael | CNBC The stock market’s rally may be far from over as low interest rates keep valuations in an attractive place, according to Wall Street legend Byron Wien. “People complain that the market is overvalued but … with these interest rates, the market is really below fair value,” Wien, vice chairman
Flextronics International Apple factory employees work on Apple Mac Pro computer assembly in Austin, TX, November 20, 2019. Tom Brenner | Reuters Economists are boosting their fourth quarter growth forecasts after the trade deficit narrowed and business investment showed a surprise pickup in October. The CNBC/Moody’s Analytic’s rapid update of economists forecasts showed a median
Alphabet (NASDAQ:GOOGL, NASDAQ:GOOG) continues to grow quickly despite its high revenue. In the third quarter, its revenue jumped 20% year-over-year to $40.5 billion. Source: rvlsoft / Shutterstock.com But to keep up the growth, the company will need to find new sources of meaningful revenue. While the ad market is enormous – and digital ads remain
So far, 2019 has been a banner year for U.S. stock and bond markets. The S&P 500 Index has returned 27.4%. And the U.S. overall bond market, as measured by the Bloomberg Barclays U.S. Aggregate Index, has returned 8.7%. Both are heady numbers for the respective markets. But as we head into the final weeks
For the better part of the past five years, Salesforce (NYSE:CRM) has been a big growth, cloud-based Customer Relationship Management (or CRM) company with improving margins and a stock price that has surged higher. Because of this, Salesforce stock has been a favorite among Wall Street analysts and investors alike. Source: Bjorn Bakstad / Shutterstock.com But,
Wednesday marked the last full trading session of the week, as the stock market is closed on Thursday for Thanksgiving and is only open until 1 p.m. ET on Friday. Let’s look at a few top stock trades ahead of the holiday. Top Stock Trades for Tomorrow No. 1: Twitter (TWTR) After several weeks of
The market expected a withdrawal of around 51 bcf The data came in more bearish than expected Price action defies the season Happy Thanksgiving. In the natural gas market, the price action looks more like we are heading into the spring season than the winter. The price of peak-season January futures fell to $2.50 per
Robert De Niro, Al Pacino and Ray Romano star in Martin Scorsese’s “The Irishman.” Netflix Netflix’s biggest-ever film investment launches on Wednesday and J.P. Morgan said “The Irishman” could be the catalyst Netflix needs to boost momentum around the stock. After spending $100 million in production on the three-hour-and-30-minute Martin Scorsese film, Netflix is betting
Check out the companies making headlines before the bell: Deere (DE) – The heavy equipment maker reported quarterly earnings of $2.14 per share, a penny a share above estimates. Revenue also topped forecasts, however Deere said its results continue to be affected by lingering trade tensions and ongoing uncertainties in the agriculture sector. Boeing (BA)
Despite facing a series of headwinds, Nvidia (NASDAQ:NVDA) looks set to finish the year on a high. Nvidia stock has already risen more than 60% in 2019, but the firm could have further to climb in 2020. Source: Hairem / Shutterstock.com This week Nvidia stock saw a bump after Morgan Stanley’s Joseph Moore upgraded the
The woes continue for Aurora Cannabis (NYSE:ACB). ACB stock continues to fall as concerns increase about the financial health of the company. The early bet the company made on capacity has deeply hurt the company as sales fall alarmingly short of production levels. Source: ElRoi / Shutterstock.com As a result, investors have begun to balk
U.S. stocks once again closed at an all-time high on Tuesday. As has been the case for most of the past few months, the gains weren’t exactly torrid, with the three major indices increasing roughly two-tenths of a percentage point. Still, optimism reigns heading into the holidays. Source: Shutterstock But not every stock has joined
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