Stocks traded modestly higher to close the week, supported by comments from Federal Reserve Chairman Jerome Powell following a disappointing August jobs report. Source: Shutterstock Before the open of U.S. markets Friday, the Labor Department said the U.S. economy had added 130,000 new jobs last month, well shy of economists’ average forecast of around 160,000
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OrganiGram Holdings Inc. (OGI) stock rose more than 10% yesterday thanks to a positive analyst forecast. Oppenheimer analyst Rupesh Parikh gave the stock a perform rating, meaning he expects the stock to perform in line with the S&P 500 throughout the next 12-to-18 months. “Over the past few quarters, the company has executed quite well
Share to facebook Share to twitter Share to linkedin Shutterstock To become a “Dividend Aristocrat,” a dividend paying company must accomplish an incredible feat: consistently increase shareholder dividends every year for at least 20 consecutive years. Companies with this kind of track record tend to attract a lot of investor attention — and furthermore, “tracking”
A technician holds an agar plate containing bacteria cell culture at a Bugworks Research India Ltd. laboratory in Bengaluru, India, on Thursday, May 31, 2018. The rapid spread of resistant bacteria has made India the epicenter of a war to prevent a post-antibiotic world, where people would once again die in their thousands of commonplace
Federal Reserve Chairman Jerome Powell said Friday that the ongoing trade war between China and the U.S. is weighing down companies’ investment decisions. “I think it is the case that uncertainty around trade policy is causing some companies to hold back now on investment,” Powell said in Switzerland. ”We’ve been hearing quite a bit about uncertainty. So
Analysts are lowering their earnings estimates for the second half of 2019 and there is a chance earnings for the S&P 500 could be negative for 2019. In the last two weeks, strategists at Goldman Sachs and Citigroup have reduced 2019 and 2020 earnings estimates for the S&P 500, citing a sluggish economy, trade war
Stocks will look to build on their strong recent momentum and reclaim their record highs next week amid a slew of economic data while trade war fears decrease. The S&P 500 is about 2% from an intraday record reached on July 26 after notching back-to-back weekly gains. The broad index is up 1.8% this past
An earlier version of this story included companies that are scheduled to report earnings on Thursday, not Wednesday. The errors have been corrected. SAN FRANCISCO (MarketWatch) — Among the companies whose shares are expected to see active trade in Wednesday’s session are Google Inc., and Barnes and Noble Inc. Google GOOG, -0.53% GOOGL, -0.48% will
Summer and back-to-school are, traditionally, prime time for retailers. Not so this year – with the notable exception of Lululemon Athletica (NASDAQ:LULU). When researchers at Refinitiv polled industry analysts for their Q2 Retail Earnings Report, the respondents were “cautious” about results, and Refinitiv noted that so far, forward guidance is trending negative overall. In contrast, when Lululemon
There’s a reasonably obvious value case for IBM (NYSE:IBM). IBM stock trades at barely 10x 2020 EPS estimates. Its dividend yields 4.75%. Source: JHVEPhoto / Shutterstock.com Both figures are among the cheapest in all of tech. And they suggest that IBM has room to rally if the company can simply provide stable results. With Red
Over the last several years, Advanced Micro Devices (NASDAQ:AMD) has achieved a remarkable turnaround, and AMD stock has followed comfortably along. Source: Sundry Photography / Shutterstock.com Long considered an afterthought to Intel’s (NASDAQ:INTC) innovative leadership, the spirited semiconductor firm has been punching well above its weight. As a result, the AMD stock price over the
Despite the release of the August jobs report on Friday, it was relatively calm waters in the stock market today. We saw that the SPDR S&P 500 ETF (NYSEARCA:SPY), SPDR Dow Jones Industrial Average (NYSEARCA:DIA) and PowerShares QQQ ETF (NASDAQ:QQQ) were all within 25 basis points of flat for the day. Movers in the Stock
With Hexo’s (HEXO) next earnings report lined up to be released next week, here’s a snapshot into what we could expect. Looking back at the company’s most recent fiscal Q3 earnings, the results weren’t too bad. However, the earnings still failed to measure up to analysts’ expectations in terms of per-share profitability. Hexo sold less
Share to facebook Share to twitter Share to linkedin Shutterstock Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itself.
Shutterstock The interest rate on the 10-year Treasury is trending higher every month that goes by. The price of oil is trending higher every month as well. This has been the case for a while now and I’m surprised that, so far, the stock market mostly continues on as if little of that mattered. I’m
CNBC’s Jim Cramer said Friday that Federal Reserve Chairman Jerome Powell should admit he was wrong to increase interest rates so aggressively last year, as the U.S.-China trade dispute was escalating, economic growth was starting to cool and the stock market was tanking. Powell should acknowledge the mistake and change course, Cramer said. “Why can’t
Download Preston’s 1 page checklist for finding great stock picks: http://buffettsbooks.com/checklist Preston Pysh is the #1 selling Amazon author of two books on Warren Buffett. The books can be found at the following location: In this lesson, we learned the importance of stock volume. Although volume won’t help intelligent investors learn the intrinsic value of
What is a Short Squeeze and How Can You Profit From It? ★ SUMMARY ★ You may have heard of the term “short squeeze” in the past – but didn’t know what it meant. I’m here to tell you what it is and how you can capitalize and profit from a short squeeze. What is
Kevin Matras talks about delta and how it can help you decide
Traders work on the floor at the New York Stock Exchange. Brendan McDermid | Reuters A trade organization that oversees the dissemination of trades at the NYSE said Monday’s trading glitch was due to a “network component failure” at the the exchange’s data center in Mahwah, New Jersey. The Consolidated Tape Association (CTA) said the