- S&P 5003,006.73+0.03%
- Dow 3027,147.08+0.13%
- Nasdaq8,177.39-0.11%
- Russell 20001,568.34-0.63%
- Crude Oil58.28+0.29%
- Gold1,501.00-0.98%
- Silver17.83-0.50%
- EUR/USD1.1034-0.0221%
- 10-Yr Bond1.7860-1.43%
- Vix13.95-3.39%
- GBP/USD1.2474-0.0050%
- USD/JPY108.4120+0.0074%
- BTC-USD10,193.49-0.05%
- FTSE 1007,314.05-0.09%
- Nikkei 22521,960.71-0.18%
- Benzinga
SugarBud To Supply Adastra Labs With Dried Cannabis Flower, Trim
SugarBud Craft Growers Corp. (TSXV: SUGR) said Monday it signed an agreement with Adastra Labs Holdings to supply dried flower and trim for use in extraction. Per the agreement, SugarBud will provide Adastra with a minimum of 900,000 grams of dried cannabis flower and trim over the nine months, starting March 1, 2020. “As an early stage, federally licensed producer of premium cannabis, we are excited to move forward with this partnership with Adastra.
- American City Business Journals
McDermott issues statement about external adviser after stock plunges
Houston-based McDermott International Inc. (NYSE: MDR) appears to have hired a turnaround consulting firm, news of which caused the company's stock to plunge on Sept. 18. People familiar with the matter told the Wall Street Journal that the company engaged AlixPartners LLP to help improve cash flow and stem net losses. In its second-quarter earnings report, McDermott reported a net loss of $146 million, or 80 cents per diluted share, and an operating loss of $61 million.
- TheStreet.com
Splunk Swings for the Fences With New Pricing Tiers and $150M Venture Fund
Data analytics firm Splunk is gunning for the big leagues. At an event on Wednesday, Splunk rolled out a number of updates to its Data-to-Everything platform. CEO Doug Merritt called the platform the next chapter for the firm and a development that will place Splunk alongside giants like Microsoft , Salesforce , SAP , Oracle and Workday in terms of revenue growth.
- Bloomberg
Why Toyota Is Making a $391M Texas Truck Bet
Christopher Reynolds, Toyota North America chief administrative officer, manufacturing & corporate resources, discusses the manufacturer's investment in its Texas truck plant that will build its next-generation pickups, and the outlook for passage of the USMCA. He speaks on "Bloomberg Markets: European Close."
- Barrons.com
Don’t Buy Canopy Growth Stock. The Marijuana Company Is About to Lose a Ton of Money, Analyst Says
That's why Parikh rated Canopy Growth stock (ticker: CGC) a market performer in a Wednesday note initiating coverage of the shares. W]e are closely watching the company's ability to navigate a difficult backdrop lately and improve profitability,” Parikh wrote. His note set no price target for Canopy stock, which was trading at $28.78 on Wednesday afternoon.
- TipRanks
CannTrust (CTST): A Reality Check
The original investor hope surrounding the regulatory issues at CannTrust Holdings (NYSE:CTST) was a quick solution that got the company back into business selling cannabis. The final straw is the suspension of their license to produce and sell cannabis by Health Canada. As a result, investor sentiment is negative, with individual portfolios in the TipRanks database showing a net pullback from CTST.
- Benzinga
Cannabis Deals And M&A Picking Up Steam Again
The Viridian Cannabis Deal Tracker is an information service that monitors capital raise and M&A activity in the legal cannabis industry. Analyzing within 12 key industry sectors, the Viridian Cannabis Deal Tracker provides cannabis companies, investors, and acquirers with the data, trends, and intelligence they need to make informed decisions regarding deal valuations, terms, and structures. Since its inception, the Viridian Cannabis Deal Tracker has tracked and analyzed more than 2,400 capital raises totaling over $29 billion as well as more than 800 M&A transactions.
- Benzinga
Datadog IPO: What You Need To Know
A cloud-monitoring services company that boasts of strong revenue growth and an enviable market potential is testing the IPO waters this week. New York-based Datadog has filed for offering 24 million shares in an IPO, with the price per share estimated between $24 and $26, revised up from the $19 to $22 range estimated previously. At the mid-point of the estimated price range, the offering is expected to raise gross proceeds of $600 million.
- Yahoo Finance
Trump hammers Fed, Powell for lack of 'guts' and 'vision' on rate cut
President Donald Trump on Wednesday harshly rebuked the Federal Reserve, accusing the central bank and Fed Chair Jerome Powell of having no “guts” by not meting out a more aggressive interest rate cut as the global economy slows. The Federal Reserve on Wednesday cut interest rates again by 25 basis points to a new target range of 1.75% to 2%, and telegraphed a strong likelihood of at least one more rate cut by the end of the year. However, some on Wall Street anticipated a more aggressive easing of 50 basis points, particularly with financial markets conditions tightening.
- Investor's Business Daily
Is Chipotle Stock A Buy Right Now? Here's What Earnings, Charts Show
Chipotle Mexican Grill has rallied back to record highs after overcoming major obstacles the past few years. Is Chipotle stock a buy right now? Chipotle stock sank 6% Sept. 10, after New York City alleged in a lawsuit the company violated the city's Fair Workweek Law.
- Benzinga
2 Solar Stocks Among Our Top Charts To Watch
Solar stocks rallied Tuesday amid instability over Mid-East oil, with two of them among our top charts to watch. First Solar, Inc. NASDAQ: FSLR) jumped $2.38 to $65.82 on 1.5 million shares, or 1 1/2 times its average volume.
- Benzinga
This Cannabis ETF Just Dodged Another CannTrust Bullet
Just when it seemed it couldn't get any worse for CannTrust Holdings Inc (NYSE: CTST) (TSE:TRST), we learned Health Canada has suspended its license to produce and sell cannabis. While suspended going forward, CannTrust will be allowed to complete the cultivation, harvest and sale of existing lots. While many are getting burned, The Cannabis ETF (NYSE: THCX), the fund backed by Jon Najarian and Pete Najarian, seems to have dodged a bullet.
- InvestorPlace
3 Cannabis Stocks to Buy Today
As many investors know, hype doesn't equal profits when it comes to growing a portfolio in cannabis stocks. Having said that, let's look at Innovative Industrial Properties (NYSE:IIPR), Scotts Miracle-Gro (NYSE:SMG) and Hexo (NYSE:HEXO) in order to avoid the buzz and cultivate better-looking possibilities off and on the price chart. Let me explain.
- Barrons.com
Microsoft Boosts Its Dividend Once Again
(MSFT) on Wednesday declared an 11% quarterly dividend increase, the latest in a series of regular hikes. The company announced shortly after the closing bell that its quarterly dividend, now 46 cents a share, will increase to 51 cents. Microsoft is part of a group of legacy tech companies that offer dividends, including (CSCO) (CSCO), (ORCL) (ORCL), and (AAPL) (AAPL).
- American City Business Journals
Franklin health care firm names new CEO
Franklin-based Results Physiotherapy has named Michael Martin its new CEO, according to a news release. Martin was most recently CEO of New Jersey-based Bellweather Behavioral Health and has more than 20 years of executive experience in various health fields, according to the release. He previously helped grow medical device startup Tensys Medical and founded Raintree Oncology, which he later sold to Dublin, Ohio-based Cardinal Health (NYSE: CAH).
Oilprice.comNatural Gas Could Be Replaced Within 15 Years
Technological improvements in hydraulic fracking are making 'America Great Again' when it comes to its energy sector. Unconventional oil and gas reserves, which previously were deemed as 'uneconomic to produce', are being exploited on a massive scale. Consequentially, the shale revolution has altered the international energy landscape, which has enabled cooperation between rivals Russia and Saudi Arabia within the OPEC+ framework.
- Barrons.com
NXP and Broadcom Are 2 Chip Stocks to Buy for Next Year, Analyst Says
There are buying opportunities in the semiconductor industry, even amid the current uncertainty over tariffs and slowing global economies, Bernstein analyst Stacy Rasgon says. It is possible that some investors may be starting to look forward to a 2020 time frame, and attempting to build a case that it can (hopefully) be better, with (in theory) potential for easier compares,” he wrote on Wednesday. But the analyst said it is better to be picky within the sector, because of high historical valuations.
- Bloomberg
Repo Turmoil Points to Shortage of U.S. Dollars in System, Says Manulife’s Trinh
Sue Trinh, managing director for global macro strategy at Manulife Investment Management, discusses the repo market volatility and its impact on Fed policy. She speaks on “Bloomberg Markets: China Open.
- Investor's Business Daily
Dividend ETFs To Buy And Watch For 2019
Dividends have long been a favorite of investment gurus from Warren Buffett to late Vanguard Group founder John Bogle, and it's easy to see why. Individual stocks can provide income, but dividend ETFs are an easy way to gain exposure to a basket of dividend-paying stocks. With a stock dividend, a company distributes additional shares instead of cash.
- Bloomberg
‘This Is Crazy!’: Wall Street Scurries to Protect Itself in Repo Surge
By 10:10 a.m. after an initial, embarrassing misstep, the Fed was pumping $53.2 billion into the market to calm nerves and regain control over interest rates -- its first intervention since the dark days of Bear Stearns, Lehman Brothers and the rest. The whirlwind day left traders with a host of questions, including the big one: Now what?
- MarketWatch
Dow ends sightly higher as bank stocks take an unusual bounce higher after Fed cuts interest rates
U.S. stock indexes on Wednesday finished mostly higher--even if only slightly so--after the Federal Reserve cut benchmark rates, as expected. The Dow Jones Industrial Average (djia) closed up 36 points, or 0.1%, to 27,147, but had been down by as many as 211.65 points at session lows. The rate-setting Federal Open Market Committee cut rates by one quarter of a percentage point to a range of 1.75%-2%, in a 7-3 vote.
- Investopedia
Roku Breaks Down After Comcast Unveils Free Streaming Player
The Roku-like streaming player provides millions of Comcast customers with the ability to easily access their favorite streaming services and manage their connected home devices from their television, creating potential competition for Roku's flagship product. The news came shortly after Guggenheim reiterated its Buy rating and raised its price target on Roku stock from $119.00 to $170.00 per share. Analyst Michael Morris believes that the stock is an "under appreciated opportunity" and that the company is "uniquely well positioned" to benefit from the secular shift to streaming video consumption and targeted advertising demand.
- American City Business Journals
With big buyer for power already lined up, Duke Energy plans another wind farm
Duke Energy Renewables has announced its eighth major project this year, saying it will build a 182-megawatt wind farm in Texas after signing a 12-year, virtual power-purchase with Sprint Corp. involving most of the power produced by the project. The Maryneal Windpower project will be built in Nolan County, Texas. Virtual power-purchase agreements have become more common in the renewable energy industry as corporate customers have become bigger buyers in the market.
- Associated Press
What the Fed's rate cut means for you
The Federal Reserve has cut its benchmark interest rate again, big news for the U.S. economy but something that will likely have a muted impact on Americans' personal finances, experts say. As a reminder, the Fed slashed its benchmark rate — which affects a host of consumer and business loans — to near zero during the recession and kept it there until 2015. Mortgage rates remain at near historic lows and, while they do not move in lockstep with the Fed, they are influenced by some of the same factors.
- Barrons.com
Here’s How Much the Fastest Growing Jobs in the U.S. Pay
It's a job that requires an enormous amount of responsibility and affects the quality of life — and, in many cases, the peace of mind — of millions of Americans and their elderly family members, according to a recent analysis by CareerBuilder, a jobs and careers site. Home-health and personal-care aides were among the lowest paid, fastest-growing in every U.S. state and Washington, D.C. Only one state (Michigan) didn't list home-health aide or personal-care aide as among the lowest paid, most in-demand jobs. The median pay for these jobs was $24,060 per year or $11.57 per hour, according to the BLS.
