Is the cannabis sector about to light up? Following the U.S. House Judiciary Committee’s monumental decision to approve the Marijuana Opportunity Reinvestment and Expungement (MORE) Act on Nov. 20, investor focus has locked in on this area of the market. With the passage of this legislation, the cannabis industry takes a huge leap forward as
It’s been a good month for General Electric (NYSE:GE). Thanks to a strong third-quarter earnings report, the GE stock price touched a 52-week high. And General Electric stock could rise further going forward if the company can deliver on its potential. Source: Jonathan Weiss / Shutterstock.com There are two problems with that “if.” First, General
Although December is usually a good month for stocks, that historical precedent wasn’t followed yesterday. And defiance of that trend got much, much worse today as all three major equity benchmarks were slammed on the renewal of trade tensions between the U.S. and China. Source: Provided by Finviz The S&P 500 slid 0.66% The Dow Jones
This week Aurora Cannabis Inc. (ACB) announced that its High CBD Oil Drops have been approved for use in Ireland. The approval came under Ireland’s new Medical Cannabis Access Program (MCAP), which was authorized in June by Irish Minister of Health Simon Harris and is scheduled to last for five years. Aurora’s High CBD Oil
Facebook Chairman and CEO Mark Zuckerberg testifies at a House Financial Services Committee hearing in Washington, October 23, 2019. Erin Scott | Reuters Here are the biggest calls on Wall Street on Tuesday: Needham raised its price target on Roku to $200 from $150 Needham’s Laura Martin raised her price target on the stock and
Check out the companies making headlines before the bell: Lands’ End (LE) – The apparel retailer reported third-quarter earnings of 11 cents per share, 2 cents a share above estimates. Revenue came in below forecasts, but comparable-store sales posted an unexpected increase. Lands’ End also gave a better-than-expected current-quarter earnings outlook. AK Steel (AKS) –
Facebook (NASDAQ:FB) is a free cash flow (FCF) machine, pumping out billions in FCF each quarter. And I think Facebook stock will benefit from its improving FCF margins, advertising pricing and Average Revenue Per User (ARPU). Source: Shutterstock Free cash flow is the purest form of profit that a company generates. In the last quarter,
Shares of Twitter (NYSE:TWTR) plunged in late October from above $40 to below $30 after the social media company reported lousy third quarter numbers and delivered an even-lousier fourth quarter guide, the sum of which sparked concerns that elevated competition in the digital ad market was materially shrinking the company’s growth trajectory. Source: Worawee Meepian
There’s no need to panic yet, but U.S. stocks suddenly look a touch shaky. All three broad market indices fell in trading on Monday. A 0.86% decline in the S&P 500 was that index’s steepest fall since Oct. 8. It has been equally as long since U.S. stocks pulled back more than 1% over any
Today we discuss a Kitco article written by Max Keiser which detail’s the Chinese plan to issue a cryptocurrency backed by gold. The purpose of this currency is to further undermine the US Dollar. We also discuss our Members Stock Charts Requests along with the early hour open of the stock market, currency and commodity
Today we discuss a Kitco article written by Max Keiser which detail’s the Chinese plan to issue a cryptocurrency backed by gold. The purpose of this currency is to further undermine the US Dollar. We also discuss our Members Stock Charts Requests along with the early hour open of the stock market, currency and commodity
Mark II Unitorque electric pumping unit at a crude oil well site outside South Heart, North Dakota. Daniel Acker | Bloomberg | Getty Images Pretty much every trade has worked on Wall Street this year except one: natural gas. Futures prices fell to a one-month low on Friday after plunging more than 12% for the
Rob Bernshteyn, CEO, Coupa Software Scott Mlyn | CNBC Check out the companies making headlines after the bell Shares of Coupa Software slipped more than 2% during extended trading after the cloud services company reported third-quarter earnings. Coupa posted earnings of 20 cents per share on revenue of $101.8 million in the third quarter. The
Have you ever heard of TAM? Source: Shutterstock Companies have started referring to it more often in recent years, and it’s absolutely critical when analyzing opportunities within long-term trends. TAM stands for “total addressable market.” In other words … how big will an industry be? For example, the future of transportation — what I often refer to
If you were investing in industrials stocks for the last 18 months, then you know it has been a bumpy ride. Some very solid companies are being affected by many factors that can be summarized under the broad category of “slowing economic growth.” It’s not a secret that there has been a global manufacturing downturn.
December is usually a pretty good month for stocks and that historical precedent may yet prove true this month, but it was defied Monday as equities tumbled on the back of some weak manufacturing data and another tariff gambit by the White House. Source: Provided by Finviz The S&P 500 lost 0.86% The Dow Jones Industrial
A decline as December futures roll to January Lots of winter left but a bearish reversal on the weekly chart A bucking bronco knocking the bulls off their positions as shorts pile in When I looked outside my window in the western suburbs of Las Vegas on Wednesday morning, November 27, light snow was falling
A flag waves outside of a Wells Fargo bank branch October 3, 2008 in San Francisco, California. Justin Sullivan | Getty Images News | Getty Images Wells Fargo is still tainted by its scandal and has some major hurtles ahead, according to Raymond James. The firm downgraded shares of Wells Fargo to underperform from market
Check out the companies making headlines before the bell: Walt Disney (DIS) – Disney’s “Frozen 2” set a Thanksgiving holiday weekend record by taking in $123.7 million in North American ticket sales. That broke the previous record set in 2013 by “The Hunger Games: Catching Fire.” Las Vegas Sands (LVS), Wynn Resorts (WYNN) – Shares
Shopify (NYSE:SHOP) is just a month removed from posting a surprise third-quarter loss of 25 cents a share and about three months removed from its 52-week high. In theory, the loss shouldn’t have been surprising and shouldn’t have hurt Shopify stock. Source: justplay1412 / Shutterstock.com In June, the company said it planned to spend $1