Low-priced pharmaceutical stocks are known troublemakers, and emblematic of the pharma niche is Teva (NYSE:TEVA). Over the course of its history, TEVA stock has taken shareholders on a ride from a few cents to the $70 level, only to retreat back below $10. Source: JHVEPhoto / Shutterstock.com However, a government crackdown on alleged opioid-dealing firms
On Friday, stocks exploded higher, erasing any doubt about its current trajectory. Of course, it helps that the market was reacting to a robust jobs report for the prior month. It was not as rosy of a session in the stock market today, with the SPDR S&P 500 ETF (NYSEARCA:SPY) shedding 0.31% on Monday. Just
Pot stocks rallied today after Canopy Growth Corp. (CGC) announced its new CEO will be David Klein, current CFO Constellation Brands Inc. “David is an experienced strategist with a deep understanding of how to build enduring consumer brands while leveraging operational scale across a dispersed production footprint,” Canopy Growth said in a statement. Klein will
Download Preston & Stig’s 1 page checklist for finding great stock picks: http://buffettsbooks.com/checklist In this Podcast, Preston discusses Billionaire Carl Icahn’s opinion on how the current market bubble may be the high yield, junk bond market.
Ark Investment Management founder and CEO Catherine Wood told CNBC on Monday that, in the worst scenario, she sees Tesla stock nearly doubling by 2024. “We have our ‘bear price,’ five-year target as $700,” said Wood, whose firm owns a considerable stake in the electric auto maker. “That would be if they lost two-thirds of
Check out the companies making headlines before the bell: ArQule (ARQL) – The cancer drug maker agreed to be acquired by Merck (MRK) for $20 a share, or about $2.7 billion. That’s more than double ArQule’s Friday closing price of $9.66 per share. Canopy Growth (CGC) – The cannabis producer named Constellation Brands (STZ) Chief
Without a doubt, Alphabet (NASDAQ:GOOGL, NASDAQ:GOOG) has become one of the most successful conglomerates in history. Founded only 21 years ago, Alphabet has grown into the third-largest publicly-traded company, bringing tremendous long-term profits to Alphabet stock. Source: achinthamb / Shutterstock.com Alphabet also encompasses multiple businesses. Most reside under the original Google umbrella. It also consists
New Age Beverages (NASDAQ:NBEV) stock is a loser. NBEV stock is down 73% from its peak this February and off over 74% from its 52-week high. Source: Shutterstock The CEO, Brent Willis, consistently sells portions of his shares each month. Furthermore, this company, including its recently added multi-level marketing company Morinda, is losing money and
U.S. stock futures are trading slightly lower this morning. Thus far, the selling pressure is minimal, and the technical posture of the indexes remains healthy after last week’s rally. Source: Shutterstock Ahead of the bell, futures on the Dow Jones Industrial Average are down 0.11% and S&P 500 futures are down by 0.12%. Nasdaq Composite
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A pedestrian walks past a stock indicator displaying numbers of the Tokyo Stock Exchange and the world’s major markets in Tokyo. Kazuhiro Nogi | AFP | Getty Images (This story is part of the Weekend Brief edition of the Evening Brief newsletter. To sign up for CNBC’s Evening Brief, click here.) U.S. equities have been
An employee walks past a quilt displaying Etsy Inc. signage at the company’s headquarters in the Brooklyn. Victor J. Blue/Bloomberg via Getty Images Check out the companies making headlines in midday trading: Etsy — Shares of e-commerce company Etsy fell 1.4% after Morgan Stanley downgraded the e-commerce website company to underweight from ‘equal weight. The
We are now at the very end of the third-quarter earnings season, with roughly 98% of S&P 500 companies having reported their Q3 numbers so far. The results have been broadly positive. Sure, third-quarter earnings per share dropped more than 2% year-over-year. But, trade war pressures and slowing economic activity were supposed to cause an
Without a doubt, e-commerce marketplace Shopify (NYSE:SHOP) has been a revelation. After a brilliant performance in 2017 and a respectable one in 2018, Shopify stock is simply on fire this year. Despite a general slowdown in momentum in the second half, shares are still up nearly 169% year-to-date. Still, with so much positivity, it’s fair
Either the market doesn’t really care or it’s not expecting a big disruption in the White House. Stocks were relatively stable in the stock market today — working off some light selling from the morning and rallying slightly in the afternoon — despite House Democrats pushing forward with the impeachment process. If there were serious
Tonight on Thursday Night Stock Charts Live we discuss how we are poised to close out the trading week. We will do live technical analysis of the weekly stock charts. ✅Join out VIP Private Group session invitation list free! (we hate spam too) https://thecontrariantrader.com/15-minute-live-stream-alert/ ✅Please Take Our 2 minute Survey- Help us understand your pain
(This story is part of the Weekend Brief edition of the Evening Brief newsletter. To sign up for CNBC’s Evening Brief, click here.) Wall Street veteran Karen Firestone knows all too well that stock picking isn’t as easy as it used to be, but her decades of experience is serving her well. Firestone runs a
Job growth should appear strong in November as striking GM workers returned to the workforce. Economists surveyed by Dow Jones expected 187,000 jobs were added in November, and Refinitiv’s consensus forecast was 180,000. Wages are expected to rise by 0.3% in the month, and unemployment is expected to remain at 3.6%. The government’s monthly employment
For anyone whose investments include technology, which should be everyone, Nvidia (NASDAQ:NVDA) is a core holding. Source: michelmond / Shutterstock.com That’s because artificial intelligence, in both the cloud and at the edge, is a key to growth in the next decade. Nvidia has the chips and software that deliver it. The recent bull run has
Canopy Growth (NYSE:CGC) is unquestionably one of the leading names in the cannabis sector. There are some good reasons for that. It is one of the sector’s largest growers. And while oversupply has become a prevailing theme in the cannabis sector, at some point this should become a competitive advantage. Source: Shutterstock Canopy also has