The first private equity firm focused exclusively on the cannabis industry has spawned three billionaires.Brendan Kennedy, Michael Blue and Christian Groh founded Seattle-based Privateer Holdings Inc. in May 2010 and the firm later invested in Canadian
Kim Kardashian West might have a future on Wall Street. The reality TV star was gifted shares in five major companies for Christmas last year by her husband Kanye West. The stocks have since soared 40% on average, according to data from Markets Insider.
Of these, easily the most exciting for certain niche chipmakers is the Internet of Things. For those that don’t know, the Internet of Things is the growing world of interconnected household and industrial devices. Everyday products and machines can now be embedded with sensor technology to process data or interact with other electronic devices.
Shares of Micron MU dipped 0.60% during regular trading hours Wednesday, one day before the firm is set to release its fourth-quarter financial results. The Most Accurate Estimate is a version of the Zacks Consensus whose definition is related to change.
Is bank purgatory over? The bank stocks lead the rally. With CNBC's Melissa Lee and the Fast Money traders, Tim Seymour, Pete Najarian, Dan Nathan and Guy Adami.
Pot stocks are hot! Canadian cannabis producer Tilray (TLRY) surged more than 25% today after announcing that the US Drug Enforcement Administration (DEA) has granted approval to import a cannabinoid study drug into the US.The drug will be used for a
JPMorgan’s JPM board of directors has announced a 42.9% hike in its quarterly dividend. The hike comes as part of the company’s 2018 capital plan which was approved by the Federal Reserve this June. Additionally, JPMorgan’s capital plan includes authorization to repurchase $20.7 billion worth of shares, through the second quarter of 2019.
Tech was a bit sleepy on Wednesday, but overall the U.S. stock market continued to push higher on the day. Unfortunately we won’t know if Facebook has bottomed until we’re looking back at the charts in hindsight.
Advanced Micro Devices AMD shares are shaping up to be one of the top gainers this year with a year-to-date return of over 210%. Most of this success story is based on its rivalry with Intel INTC, a company it seems to be beating with its new product
This change outpaced the S&P 500's 0.13% gain on the day. Heading into today, shares of the industrial conglomerate had gained 0.24% over the past month, lagging the Conglomerates sector's gain of 4.24% and the S&P 500's gain of 2.1% in that time.
Robinhood, the no-fee stock trading app, has been one of the bigger success stories in the fintech space, but the startup is facing problems handling an even hotter trend: the cannabis industry. According to Business Insider, Robinhood notified its users Wednesday morning that it suspended new purchases of shares in Aurora Cannabis, a Canadian marijuana producer listed on the Toronto Stock Exchange. Aurora shares are also available to trade in the U.S. on the over-the-counter market under the ticker ACBFF.
The trade war between the U.S. and China continues to escalate, with Beijing set to impose tariffs on $60 billion in U.S. imports in response to the Trump administrations’ new set of tariffs on $200 billion in Chinese imports. President Trump announced on Monday that the U.S. will impose 10% tariffs on an additional $200 billion worth of Chinese imports.
Traders Jon and Pete Najarian are joined by Sarat Sethi, managing partner at Douglas C. Lane & Associates, and Anastasia Amoroso, global investment strategist at J.P. Morgan Private Bank, to discuss calls on Netflix, Apple and Juniper Networks.
Over the past year or so, I’ve recommended Chesapeake Energy (NYSE:CHK) as a high-risk, high-reward play. Whether those calls were correct comes down mostly to timing: CHK stock continues to trade sideways, dipping below $3 earlier this year and climbing above $5 in July before yet another pullback to about $4. In fact, that’s both the good news and the bad news when it comes to Chesapeake Energy stock.
Tilray Inc. (tlry) shares were halted five times in a span of less than an hour as Wednesday's trading session neared a close, with shares zooming between brief small losses and incredibly large gains. Tilray stock was flying high Wednesday, hitting an intraday record high of $300 a share -- a daily gain of 94% that added to a an increase of more than 400% in the past month.
It may end badly, but for nimble traders in Tilray the good times are likely to continue flowing as the hype on the company's prospects reach fever pitch levels. Clearly, investors have bought into Tilray's pitch hook, line and sinker. "This industry [cannabis] is disrupting the pharmaceutical industry, cannabis is a threat to prescription based painkillers primarily opiods," explained Kennedy in an interview with TheStreet on the day of its July IPO.
Jack Ma, founder of Chinese retail giant Alibaba, has recanted his promise to Donald Trump to create 1 million U.S. jobs. Experts have said that Ma's vow to create 1 million jobs linked to merchants selling their goods on the company's platform within five years was lofty to begin with. Jack Ma, founder and chairman of Chinese retail giant Alibaba BABA , says the company no longer plans to create 1 million jobs in the United States in the wake of the ongoing trade conflict between the U.S. and China.
have fallen steadily over the past five sessions, there is reason to believe in the stock, according to a Morgan Stanley note. The firm reiterated its "underweight" rating on the chipmaker while also raising its price target to $28 from $11 a share. Analyst Joseph Moore's bullish outlook still suggests a downside for the stock, which was declining 2.3% to $31.20 on Wednesday, September 19.
Netflix (NFLX) closed the most recent trading day at $366.96, moving -0.18% from the previous trading session. In that same time, the Consumer Discretionary sector gained 3.17%, while the S&P 500 gained 2.1%. NFLX's full-year Zacks Consensus Estimates are calling for earnings of $2.67 per share and revenue of $15.87 billion.
Facebook FB saw its stock price jump 1.7% Wednesday to help stop some of the embattled social media firm’s bleeding. Facebook is setting up a “war room” in an effort to fight back against the spread of misinformation and “fake news” across its platform during the upcoming midterm elections, according to a New York Times report Wednesday. Facebook is expected to have more than 300 people working to curb issues that occurred on the social network during the 2016 U.S. election cycle.
Bank of America (NYSE:BAC) shares are bouncing strongly off of their 200-day moving average, setting the stage for a breakout above a three-month consolidation range ahead of a possible push to the record highs set in March. When the company last reported on July 16, earnings of 63 cents per share beat estimates by 6 cents on a 0.9% decline in revenues helped by tax reform impacts. Analysts are looking for earnings of 63 cents per share on revenues of $22.8 billion.
Nvidia (NVDA) closed the most recent trading day at $271.98, moving +0.26% from the previous trading session. The stock outpaced the S&P 500's daily gain of 0.13%. This has outpaced the Computer and Technology sector's gain of 1.4% and the S&P 500's gain of 2.1% in that time.
Production and Pipelines industry. When looking at the last two reports, this oil and natural gas pipeline and storage company has recorded a strong streak of surpassing earnings estimates. For the last reported quarter, Kinder Morgan came out with earnings of $0.21 per share versus the Zacks Consensus Estimate of $0.19 per share, representing a surprise of 10.53%.
Cisco Systems (NASDAQ:CSCO) is a company trying to rebirth itself and that’s a tough act for any company. Known for its switches, routers and other hardware, CSCO stock was slow to awaken to the major changes in the technology markets that went from businesses buying and owning their own in-house equipment to subscribing to outsourced cloud services.
Cisco Systems (CSCO) closed the most recent trading day at $47.28, moving -0.32% from the previous trading session. In that same time, the Computer and Technology sector gained 1.4%, while the S&P 500 gained 2.1%. CSCO's full-year Zacks Consensus Estimates are calling for earnings of $2.97 per share and revenue of $51.46 billion.