Expect Aurora Cannabis (NYSE:ACB) to sink much further this year. ACB stock has already sunk 47% this year and is 75% off of its peak 52-week stock price, but more deterioration is to come. Source: ElRoi / Shutterstock.com Aurora Cannabis can’t survive its free cash flow losses expected over the next three quarters. It will
U.S. stocks might be back on track. After choppy trading since Thanksgiving, two of the three major broad market indices reached new all-time closing highs on Thursday. The Dow Jones Industrial Average sits just a tenth of a percentage point shy. Source: Shutterstock The catalyst was an apparent, if uncertain, truce in the U.S.-China trade
Netflix CEO Reed Hastings gives a keynote address, January 6, 2016 at the CES 2016 Consumer Electronics Show in Las Vegas, Nevada. Robyn Beck | AFP | Getty Images A lot can happen in a decade. Since 2010, the S&P 500 has returned nearly 185%, an impressive gain for the bellwether stock index. While the
Shantanu Narayen Mark Neuling | CNBC Check out the companies making headlines after the bell: Shares of Adobe jumped more than 2% after the company posted a fourth-quarter earnings beat. The software company posted earnings of $2.29 per share on revenue of $2.99 billion, exceeding the earnings of $2.26 per share and revenue of $2.97
It has been a rough ride for shares of Canadian cannabis producer Aurora Cannabis (NYSE:ACB) in 2019. Aurora began the year priced around $5. However, it’s exiting the year at around half of that value — mostly thanks to stagnant revenue growth amid challenging demand trends in its core Canadian consumer market. Source: Shutterstock But,
It’s easy to get the sense that Aurora Cannabis (NYSE:ACB) is at real risk of bankruptcy, which would send Aurora stock to zero. The steady decline of ACB stock over the past nine months suggests that at least some investors have that fear. Source: ElRoi / Shutterstock.com After all, Aurora Cannabis probably has been the
It was a choppy and frustrating trading session on Friday, as overnight optimism was quickly sapped from U.S. stocks despite China and the U.S. coming to an agreement on phase one of the trade deal. Let’s look at a few top stock trades from the day. Top Stock Trades for Monday No. 1: Oracle (ORCL)
J.P. Morgan Chase CEO Jamie Dimon told employees that he’s “disgusted by racism and hate in any form” after a New York Times report detailed instances of discrimination at the bank’s branches. “We must make sure that the culture we aspire to reaches every corner of our company,” Dimon said in a memo sent late
President Donald Trump speaks to reporters in Washington, December 7, 2019. Erin Scott | Reuters The trade deal agreed to by the U.S. and China diffuses tensions between the world’s two largest economies, and could help boost corporate profits and the global economy next year, analysts say. That would be a positive for stocks and
The insurance space is poised for growth in the coming year despite worries about the 2020 election cycle. With the Federal Reserve looking unlikely to lower interest rates any further, the industry will be able to profit from investing the cash they’ve collected from premiums but haven’t paid out in claims. Insurance stocks are also
When writing this article, I was looking for an ideal list of dividend-paying stocks that consistently raise their dividends each year. In addition, the dividend yields have to be higher than average. I used a cutoff of 4 to 6% dividend yield. This is much higher than the S&P 500, with its dividend yield of
Pinterest (NYSE:PINS) stock is doomed to slower growth and will likely continue losing money. These are the main reasons not to buy Pinterest stock. I could leave it at that, but my thesis requires some explanation. Source: Nopparat Khokthong / Shutterstock.com To begin with, never be impressed with the lines that a major internet company
News of a possible trade deal between the U.S. and China sent equities climbing into the close on Thursday. However, that optimism did not follow through into Friday’s session. Instead, it was a bunch of choppy, frustrating action in the stock market today. Going into the close on Thursday, investors were buying on the premise
Chinese President Xi Jinping and President Donald Trump at the G-20 Summit in Osaka on June 29, 2019. Brendan Smialowsi | AFP | Getty Images Amid a slew of headlines and tweets, a long-awaited phase one trade deal between the U.S. and China has finally been agreed upon. However, Goldman Sachs is not so happy
The headline on the trade deal — no new tariffs, some existing tariffs reduced — is positive, but something the market has long anticipated. Traders are now arguing over the impact on 2020 earnings. Bulls say several thorny issues may be on the verge of resolution and will be enough to push markets to new highs.
Traders work on the floor at the New York Stock Exchange. Brendan McDermid | Reuters With trade tensions toned down, stocks have clearance to rally into year-end, a traditionally positive time for stocks. Stocks surged to record highs in the past week, as the U.S. and China moved to announce a phase one trade deal
When it comes to the biotech market, it’s not easy to show consistently strong gains. But Amarin’s (NASDAQ:AMRN) shareholders have come to expect a certain level of outperformance. Source: Pavel Kapysh / Shutterstock.com Just look at the average daily return for the past five years: a sizzling 84%! To put this in perspective, Netflix (NASDAQ:NFLX)
People generally assume that a dividend stock has to have a high starting yield to generate lots of income. This is a mistaken assumption. In fact, you often earn more income over the long-run buying a fast-growing company with a low starting dividend yield, than one with a large current yield but minimal growth prospects.
As promised, Constellation Brands (NYSE:STZ) brought one of its own executives to fill the CEO chair at Canopy Growth (NYSE:CGC), the cannabis company it invested in back in 2018. Source: Shutterstock Newly picked David Klein’s mission is to oversee Cannabis 2.0, a line of beverages and edibles infused with pot that became legal in Canada
Stocks surged Thursday on the back of movement on Phase I of a trade deal between the U.S. and China, but the party may have been a little too raucous because there was some hangover today as equities barely budged. Source: Provided by Finviz The S&P 500 added just 0.01% The Dow Jones Industrial Average eked