Hot Stock Minute
- Hot Stock Minute1 hr ago
Today is the first-ever job fair for marijuana workers, according to organizers of the event. They expect about 1,000 people to turn up in Denver for “CannaSearch,” where some 15 marijuana-related companies will be recruiting workers for everything from IT jobs to horticulture and quality control. The host of the event is vaporizer company O.penVAPE. "We're hosting this for the industry and for job seekers," company spokesman Todd Mitchem said in a press release. "We know jobseekers will be pleasantly surprised at the number of well-paying mainstream positions with comparable compensation available in this exciting new industry."
Among the companies who will be recruiting at the fair is magazine, whose stated goal is to be “an elegant educational resource” for the industrial hemp and medical marijuana industries. “We believe that both industrial hemp and medical cannabis can open the doors to a better planet in regards to health care, environment and global economic prosperity,” says the magazine’s website.
- Hot Stock Minute2 hrs ago
Here are some of the stocks the Yahoo Finance team will be watching for you today.
Fuel cell maker Plug Power (PLUG) reported a loss of $0.08 a share, in line with estimates. Revenue jumped 35%, but is still just $8 million. The company has been an active trade this week, swinging from steep gains early in the week, to steeper losses and back again. The company had been rising on new contracts with Wal-Mart (WMT), but an analyst this week said he sees the company fairly valued at just $0.50 a share. That sent the stock sharply lower.
Williams-Sonoma (WSM) reported better-than-expected quarterly earnings and revenue after yesterday's close. Earnings per share beat estimates by $0.02 and revenue rose more than 4%. Sales were particularly strong for the company's West Elm and Pottery Barn brands. The board also authorized a 6% increase in the quarterly dividend bringing it to $0.33 a share.
- Deirdre Hughes at Hot Stock Minute2 hrs ago
Amazon (AMZN) today said it would raise prices on its Prime premium subscription service from $79 a year to $99 a year. This is the first time the retailer is raising the price of the service since it launched nine years ago. Student members will pay $49 a year instead of $39.
The company said current members will still receive all the benefits of Amazon Prime, including free two-day shipping for eligible purchases, unlimited streaming with Prime Instant Video and free e-book borrowing from its Kindle library.
The company warned earlier this year that a rise in Prime prices was on the horizon. In a January conference call with analysts about its disappointing fourth-quarter results, Amazon said Prime prices could go up between $20 and $40 a year due to rising fuel costs and other shipping expenses. During the same conference call, the company also reported more than 1 million people signed up for the Prime service in the month of December.
February retail sales; Weekly jobless claims; GM warning on keys; Marijuana workers wanted in DenverHot Stock Minute4 hrs ago
Two pieces of U.S. economic data were released this morning. Weekly jobless claims fell 9,000 last week to 315,000. Economists expected to see an uptick claims to 330,000. February retail sales were also released. They were up 0.3% versus estimates of a rise of 0.2%.
Also this morning, Amazon (AMZN) announced that it raise the price of its Prime membership service from $79 a year to $99. It’s the first time Amazon will have raised the price for the service that offers free two-day shipping.
One of the stocks we’re watching today is Krispy Kreme (KKD) after the company yesterday raised its outlook for the full year and boosted its stock buyback by $30 million. The doughnut-maker reported third quarter results slightly below estimates. Earnings missed by a penny and revenue increased more than 3%, but just missed estimates. Same store sales grew 6% in the U.S., but international sales declined 3%. Krispy Kreme said it expects its worldwide store count to increase 10% this year. They currently have more than 800 locations around the world.
- Hot Stock Minute23 hrs ago
Stocks closed the day virtually flat, with the Dow (^DJI) barely in the red, while the Nasdaq (^IXIC) and S&P 500 (^GSPC) eked out slight gains. Relative strength in U.S. markets followed overseas markets sliding due to tensions rising between western countries and Russia.
- Hot Stock Minute1 day ago
According to a report from the United Nations, global food prices climbed 2.6% last month because of weather. The report also says that instability in Ukraine, the world's sixth-largest grain producer, could cause more volatility in the future. And there is a new warning that an "El Nino" weather system could be emerging that could also drive food prices higher. In our poll question today, we want to know: have rising food prices changed your grocery shopping habits? Vote in our poll and leave a comment below.
- Hot Stock Minute1 day ago
Here's a look at the stocks we're watching for you this morning.
Federal prosecutors from New York reportedly are investigating whether General Motors (GM) is criminally responsible for not properly disclosing a problem with an ignition switch that has been linked to 12 deaths. According to Reuters, the government is looking into how GM handled reports of ignition switches that suddenly turned off and cut power to systems, including airbags. GM recalled 1.6 million cars last month over the issue, though the problems first came to light ten years ago. Committees in both the House and Senate are looking into the issue as well.
- Hot Stock Minute1 day ago
The maker of the hugely-popular mobile game Candy Crush Saga is looking for sweet returns from its initial public offering expected later this month. King Digital Entertainment expects to be worth $7.6 billion based on a share price between $21 and $24 dollars. The company plans to list its shares on the New York Stock Exchange under the ticker: KING.
The Irish company is hoping to capitalize on a hot IPO market so far this year and momentum from recent offerings such as Twitter and Facebook, both of which have seen strong gains since their debuts.
Yahoo Finance Editor-in-Chief Aaron Task told Hot Stock Minute this morning that his initial reaction to the planned IPO and the valuation was that the market was getting way ahead of itself, but on closer inspection the valuation is not that high relative to the overall market and technology stocks, in particular. “Think about the valuation on WhatsApp at $19 billion with no revenue?” asked Task. “King Entertainment is a profitable company. They had about $2 billion in revenue last year.”
- Hot Stock Minute1 day ago
The United States and the European Union may be on the brink of a cheese war. The European Union says that certain names should only be displayed on cheeses produced in certain regions of Europe, not American-made versions of those cheeses. The list of cheeses in question includes: asiago, feta, muenster and parmesan. European officials claim the names of those cheeses are “geographical indicators” and should not be allowed on U.S.-made products.
The cheese war has done the practically impossible: unified Democrats and Republicans in the United States Senate. More than half the Senate, including members of both parties, joined forces to urge U.S. Agriculture Secretary Tom Vilsack and U.S. Trade Representative Michael Froman to fight the European Union over cheese naming-rights.
Canada has already conceded naming rights on feta and other cheeses.
In the associated video, Yahoo Finance Editor-in-Chief Aaron Task compares this latest EU mission to the successful movement by the French to own the name “Champagne”. “You can get sparkling wine from anywhere else in the world, but if it’s ‘Champagne’ it only comes from France. This is an extension of that,” said Task.
Plans to dismantle Fannie and Freddie; Americans think U.S. still in recession; Food prices on the riseHot Stock Minute1 day ago
Stock futures were pointing lower as investors wait for a new round of readings on the economy. Overall, stocks remain near all-time highs with the S&P 500 just off its latest record-close. But investors are uncertain about the economy, the rate of growth for the year and how much of a factor the weather will play in slowing that growth through the first few months of the year. That uncertainty is showing up across the country. A new Wall Street Journal-NBC News polls finds 57% of Americans still believe the United States is in a recession right now. The official arbiter of recessions, the National Bureau of Economic Research, says the recession ended in June of 2009, nearly 5 years ago. In the associated video, Yahoo Finance Editor in Chief Aaron Task offers an explanation for that disconnect.