- Bloomberg•9 hours ago
The Pot Rally Just Minted Three New Billionaires
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
Business Insider•18 hours agoThe $100,000 stocks that Kanye West bought Kim Kardashian for Christmas are up by 40% (DE000A1EWW, US02313510)
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.
- Zacks•4 hours ago
Nvidia (NVDA) Outpaces Stock Market Gains: What You Should Know
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.
- Zacks•10 hours ago
JPMorgan (JPM) Cheers Shareholders With 43% Dividend Hike
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.
- Zacks•14 hours ago
Are Options Traders Betting on a Big Move in Avon (AVP) Stock?
Investors in Avon Products, Inc. AVP need to pay close attention to the stock based on moves in the options market lately. What is Implied Volatility? Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other.
- Bloomberg Video•12 hours ago
Tilray Shares Soar as CEO Touts Growth Potential
Sep.19 -- Tilray Inc. shares set up for a third-straight day of gains after the company received clearance from the U.S. DEA to import medical marijuana to supply a clinical trial in California. Bloomberg Intelligence's Ken Shea reports on "Bloomberg Daybreak: Americas."
- CNBC•8 hours ago
Jack Ma: Alibaba is no longer planning to create 1 million US jobs
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.
- MarketWatch•6 hours ago
Tilray stock halted several times amid rollercoaster final hour of trading
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.
- TheStreet.com•6 hours ago
Tilray Shares Are Going Absolutely Haywire -- Here's Why
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.
- Zacks•4 hours ago
Why Did Facebook (FB) Stock Climb Wednesday?
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.
- Zacks•7 hours ago
Is There More Upside in AMD Stock?
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
- InvestorPlace•8 hours ago
Chesapeake Energy Stock Remains High-Risk, High-Reward
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.
- CNBC Videos•7 hours ago
Red Hat stock plunges on weak Q3 earnings, revenue guidan...
CNBC's Courtney Reagan reports that Red Hat stock plunged following an earnings miss.
- Zacks•13 hours ago
Forget Illinois Tool, Buy These 4 Industrial Stocks Instead
The Zacks Industrial Products sector currently offers a number of investment-friendly options. Once such stock is Illinois Tool Works Inc. ITW. In the past year, Illinois Tool’s share price has declined 0.9% versus 11.3% growth of the industry (comprising companies dealing in general industrial machineries) and 5.9% increase in Industrial Products sector.
- Bloomberg•8 hours ago
Qualcomm to Give CEO a Pay Raise in Vote of Confidence
Qualcomm Inc.’s board is planning to announce a bigger pay package for Chief Executive Officer Steve Mollenkopf, showing confidence in his leadership through a grueling period for the chipmaker, according to people familiar with the process. The new compensation is tied to progress made by Mollenkopf and his executive team in tackling a series of challenges the company has faced in recent years, the people said. Apple Inc. stopped using Qualcomm’s products, stopped paying billions of dollars in licensing fees and launched a legal battle that’s spread across the globe.
Yahoo Finance•9 hours agoAbbvie under pressure, AutoNation posting higher, E-Trade surges
Let’s check out the Yahoo Finance charts of the day. Abbvie (ABBV): Abbvie is being sued by an insurance regulator in California for allegedly giving kickbacks to health-care providers for prescribing Humira, an arthritis drug. AutoNation (AN): The company
- Zacks•4 hours ago
General Electric (GE) Outpaces Stock Market Gains: What You Should Know
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.
- TheStreet.com•9 hours ago
Advanced Micro Devices Drops Despite Morgan Stanley Price Target Hike
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.
- Zacks•10 hours ago
Realty Income (O) Hikes Monthly Dividend for The 98th Time
Realty Income Corporation O recently announced its 98th dividend hike since the company’s NYSE listing in 1994. Realty Income will pay the dividend on Oct 15 to shareholders on record as of Oct 1, 2018. The latest dividend rate marks an annualized amount of $2.646 per share versus the prior rate of $2.64 per share.
- MarketWatch•yesterday
Here’s why you shouldn’t retire super early — even if you can
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.
- Zacks•11 hours ago
Marijuana Stocks Soar Again As Wall Street Eyes U.S. Imports
Shares of several popular Canadian marijuana producers—including Tilray TLRY, Canopy Growth CGC, and Cronos Group CRON—were surging once again on Wednesday as Wall Street grows ever-more bullish on the prospects of legalization and U.S. imports. This morning’s rally was led by Tilray, which opened a staggering 50% higher—just one day after gaining nearly 30% in a session and adding to a recent run of momentum which has seen the company skyrocket to a market valuation of over $17 billion. Tilray’s latest move comes in the wake of the company’s announcement that it has received DEA approval to import pot to the U.S for medical research.
Business Insider•12 hours agoWeed stocks have become so popular that Robinhood is having trouble executing trades for one of the most-popular names
Robinhood has suspended new buying of Aurora Cannabis through its platform, the brokerage said Wednesday. "This is happening because there's limited support at execution venues for the large volume of ACBFF orders we've received," Robinhood told users who own shares of Aurora. As of Wednesday morning, more than 81,000 investors held Aurora Cannabis shares through Robinhood, the brokerage's website shows, making it the 16th most-popular stock on the platform.
- InvestorPlace•yesterday
3 Energy Stocks to Buy Now
In 2014, WTI crude oil prices were north of $100 per barrel. Not surprisingly, energy stocks, and in particular oil stocks, were doing pretty well back then. The oil market was left with this massive oversupply glut, and that sent oil prices tumbling.
- Barrons.com•13 hours ago
This Bet on Alibaba Has Gotten Better
The company (ticker: AABA), the former Yahoo, has in the past six weeks completed its sale of a $6.5 billion stake in (4689) and used part of a hefty position in Alibaba to execute a $13.8 billion offer that let Altaba holders swap their stock for shares in the e-commerce giant. Altaba has also moved to resolve litigation stemming from the widely publicized Yahoo data breaches several years ago. Altaba shares closed 92 cents lower Tuesday at $64.98, reflecting an ongoing slide in Alibaba, whose shares fell $2.24 to $156.65.
- Bloomberg•yesterday
America First Won't Last Much Longer in Stocks, JPMorgan Warns
For the last few months in stocks, the world’s loss has often seemed like America’s gain. This is the latest warning from JPMorgan Chase & Co. strategists led by Marko Kolanovic, who say to cut holdings in U.S. equities and add money in emerging markets. As the benefits from President Donald Trump’s tax cuts dissipate, the world’s largest economy is set to lose its edge in growth, they said.
