With some Canadian pot stocks posting triple-digit return rates this year, many retail investors have looked north to pour cash into cannabis. U.S. cannabis companies are worth a lot more than their current valuations suggest since federal illegality has put undue pressure on the industry, said David Wenger, a New York attorney and senior editor of the Cannabis Law Digest.
Shares of Cleveland-Cliffs Inc. fell more than 6% Friday after Chief Executive Lourenco Goncalves slammed analysts during the mining company’s earnings call earlier in the day, accusing them of failing to understand numbers and targeting a Goldman Sachs analyst for most of his angry remarks. Cleveland Cliffs (CLF) stock hovered at its lowest since Sept. 11 and was on pace for its largest percentage loss since late June. Goncalves fired his first salvo soon after the conference call’s first remarks wrapped up.
Some vendors have stopped shipping products to the retailer over concerns they won’t get paid, according to people with knowledge of the situation, who asked not to be named because the talks are private. Sears, which is based in Hoffman Estates, Illinois, told vendors that it’s “committed to being a great partner to you through this period and beyond,” according to the Oct. 15 letter, which was obtained by Bloomberg News. Some vendors are concerned because Sears’s communication has been limited beyond the initial email.
Shares of Advanced Micro Devices Inc. (amd) tumbled 7.3% in afternoon trade, enough to pace the decliners in the semiconductor sector, after bearish note on the company from New Street Research and recent downbeat reports on the sector. On Friday, New Street analyst Pierre Ferragu initiated coverage of AMD with a sell rating and stock price target of $18, which was 27% below current levels, saying he sees a "hard stop" in momentum around the corner. Morgan Stanley said in a note Thursday that it expects broad-based lowered fourth-quarter guidance when chip makers report third-quarter results, driven by "pronounced weakness" in autos and a slowing in industrial.
Despite the many perks of early retirement — waking up whenever you want, for example — it wasn’t the easiest decision. Earnings tend to peak around 48 for men and about 39 for women, according to an analysis by PayScale.
The fourth quarter began with a big stock market selloff, and many investors may be taking a close look at once-loved stocks in their portfolios that have disappointed with significant price declines this year. "Tax loss selling becomes a possible source
Shares of Disney have outperformed the broader market this year, up 10.2% year-to-date (YTD) compared to the S&P 500's 4.2% return. Venkateshwar upgraded Disney stock to overweight from equal weight, attributing his more upbeat forecast to the company's new over-the-top media service, slated for release in 2019.
Harley-Davidson sales continue to falter after a rough first half in which it lost share to Indian, its main U.S.-based competitor, according to BMO Capital Markets. Harley engaged in a public spat with Trump a few months ago when it said it was shifting some production overseas in response to retaliatory tariffs from abroad. "It should be disconcerting to HOG investors that most Indian dealers we speak with are seeing an uptick in Harley trade-ins for whatever the reason may be," BMO says.
Marijuana presents a tremendous opportunity for investors over the next few years. Naïve investors are excited. The reality is that professionals will pick their pockets, and many naïve investors who are excited now will end up losing 90% of their investment.
As such, the full range of recreational products offered by Tilray (NASDAQ:TLRY), Canopy Growth (NYSE:CGC) and their peers can now be sold throughout Canada. One question for American investors is how that affects U.S. marijuana stocks? What happened in Canada changes little in the U.S. The federal ban on marijuana remains in place.
CNBC's 'Squawk on the Street' team discusses why now is the time to invest in cannabis stocks.
Investors are still struggling to find a footing in the wake of last week's dramatic selling, but it is clear that strong earnings reports will battle with other headwinds for control of market sentiment over the next few weeks. Earnings season did get off to a solid start this week, with consumer bellwethers such as Johnson & Johnson JNJ and Netflix NFLX tallying impressive numbers. Wall Street will hope the latter of those two reports sets the tone for the tech sector, which has been particularly volatile recently as investors reconsider risk.
The recent weakness in shares of semiconductor manufacturer Nvidia Corp. ( NVDA) presents an opportunity for tech investors to buy the chip stock at a discount price, according to one team of bulls on the Street. Shares of Nvidia have lagged the chip sector since the start of the month, down roughly 17.8% compared to the iShares PHLX Semiconductor ETF's (SOXX) 9.6% loss over the same period.
Advanced Micro Devices Inc AMD is set to report third-quarter 2018 results on Oct 24.Notably, AMD has a positive record of earnings surprises in the trailing four quarters, the average surprise being 30.97%. In the last reported quarter, earnings of 14
In fact, building wealth may boil down to simply eliminating your morning latte. Next, cut back on that expense and direct those savings towards an investment account, where your money will compound over time.
Where we were: Auto stocks in general have been battered this year, but Ford has had a rougher time than most. Where we’re headed: Morgan Stanley downgraded the shares on Friday, given numerous challenges, with little in the way of catalysts on the horizon. Auto stocks haven’t been a great place to park your money in 2018.
CNBC's Jim Cramer says Canopy shares are "done going down" after last week's high, making the stock an attractive investment. In the investor frenzy ahead of Canada's legalization, Canopy shares gain more than 400 percent in the past 12 months. CNBC's Jim Cramer said on Friday that Canadian pot stock Canopy Growth CGC is now a buy.
(PG) (PG) stock lifted the consumer staples sector on Friday thanks to strong earnings. Where we were: Staples have been sluggish all year, and the sector is trailing the market, even as the group has picked up some steam lately. Where we’re headed: Procter & Gamble rallied on its earnings report, and could keep climbing.
The struggles continue for International Business Machines (NYSE:IBM). Down 10% since reporting earnings on Tuesday after the close, IBM stock is now down 15% on the year. As a result, these companies (and many smaller ones) have enjoyed massive gains over the last few years while IBM stock has struggled mightily.
Shares of Netflix (NASDAQ:NFLX) seem to have finally found their footing after a sharp selloff. Netflix stock shed nearly 25% after reaching all time highs at the $420 area in late June. Certainly, some of the drop was warranted given the runaway rally in NFLX stock in the first half of the year.
With Ford Motor Co's stock at nearly a nine-year low and the company squeezed by tariffs and trade tensions, Chief Executive Jim Hackett sought to restore confidence among dealers gathered in Las Vegas this week, days ahead of announcing the automaker's third-quarter results. In closed-door meetings with members of Ford's national dealer network, Hackett and other top Ford executives showed off future versions of the popular Explorer and Escape SUVs, as well as new the Ranger mid-sized pickup truck and an unnamed smaller off-road utility vehicle, attendees said. Ford has said it will refresh 75 percent of its North American lineup over the next two years.
The CEO of a mining company exploded at Wall Street analysts on Friday, saying they don't know how to read financial reports and should quit their jobs. "You guys should resign for your lack of knowledge of things," said Lourenco Goncalves, the CEO of Cleveland-Cliffs Inc. "You are a disaster. Goncalves directed much of his fury at a Goldman Sachs analyst whom he accused of "bad math" in calculating that the company's third-quarter earnings per share were less than expected.
shares were doing well, up more than 1% after Goldman Sachs analysts placed the stock on its conviction buy list. It's been a bumpy ride for Nvidia this month, as the waves of selling in the broader market have taken their toll. In any regard, Goldman took Nvidia up to conviction buy with a $305 price target.
General Motors Co Chief Executive Mary Barra has transformed the No. 1 U.S. automaker in her almost five years in charge, but that is still not enough to satisfy investors. Ahead of third-quarter results due on Oct. 31, GM shares are trading about 6 percent below the $33 per share price at which they launched in 2010 in a post-bankruptcy initial public offering. The Detroit carmaker's stock is down 22 percent since Barra took over in January 2014.