Two major market events that have the potential to send U.S. equity volumes sky-high will collide Friday. The first is the quarterly event known as “quadruple witching” -- when futures and options on indexes and individual stocks expire.
Aurora Cannabis is planning for a US initial public offering in October, the company's chief corporate officer said. The Canadian cannabis producer was reportedly in talks with Coca-Cola to make a CBD-infused drink. Marijuana stocks have been red-hot as of late.
Micron Technology Inc. shares swung from a gain to a loss in the extended session Thursday after the memory chip maker’s outlook fell short of Wall Street estimates. Micron (MU) shares had been up as much as 5% in after-hours trading following a strong quarterly earnings report, but ended the extended session down 6.8%. At the close, Micron shares were up 12% for the year, compared with a 10.7% gain in the PHLX Semiconductor Index (SOX) , a 9.6% rise in the S&P 500 index (SPX) and a 16.3% gain in the tech-heavy Nasdaq Composite Index (COMP) .
Millennial investors have been pilling into Nio, the Tesla of China, shares since its US initial public offering last week. Nio shares have gained 46% since their IPO, and is the 29th most held stock on Robinhood. Nio — the Tencent-backed electric-car startup widely seen as the Tesla of China — has become a darling for investors on the stock-trading app Robinhood, a no-fee brokerage popular among younger traders.
Canopy Rivers, the venture-capital arm of Canopy Growth, made its debut on the Toronto Stock Exchange Thursday morning at $18.44 per share. The company, which makes minority investments in burgeoning marijuana companies, in an attempt to become the "Google Ventures of cannabis," found its way onto the exchange via a reverse takeover with a company formerly known as AIM2 Ventures.
Libby Leffler, a former Facebook executive and Google employee, is now the vice president of membership at SoFi. Leffler said she always expects job candidates to negotiate their job offer because it shows how they'll behave once they get hired. Negotiating a job offer is a notoriously harrowing process, especially if you've never done it before and assume the world will explode if you request a dollar more.
Reefer Madness has gripped Wall Street. Investors are craving marijuana stocks as Canada prepares to legalize pot next month, leading to giant gains for Canada-based companies listed on U.S. exchanges. Billions of dollars have poured into the stocks in the last few months, and investors smell green (money, not leaves) in the air as they consider the opportunities these companies might have as the marijuana market in Canada grows, along with the possibility that the U.S. and other countries could follow suit.
Many investors have heard of dividend aristocrats, stocks which have increased dividends for at least 25 straight years. Many of these stocks also maintain a dividend yield above the S&P average of 1.9%. Such dividend stocks will likely not appeal to growth-oriented investors.
Sep.20 -- Bloomberg Intelligence's Anand Srinivasan discusses Micron Technology Inc.'s fourth-quarter earnings with Bloomberg's Joe Weisenthal, Scarlet Fu and Caroline Hyde on "Bloomberg Markets: What'd You Miss?"
The S&P 500 and Dow Jones hit new all-time highs on Thursday as U.S. equities continued to churn higher. That doesn’t mean every stock’s enjoying a day in the sun though. We also have some big earnings trades on list of top stock trades for tomorrow.
Semiconductor stocks appear poised to extend September’s losing streak on Friday after a disappointing revenue forecast from Micron Technology Inc. is reviving fears about demand.Micron, the largest U.S. memory chipmaker, sank 7 percent in extended trading
Advanced Micro Devices (NASDAQ:AMD) is a momentum stock for the ages. Since carving out a low of $9.04 on April 4, AMD stock has risen an astronomic 254%. While still a far cry from the insanity of Tilray (NASDAQ:TLRY) stock’s rocket ship ride, Advanced Micro Devices deserves your attention.
BOISE, Idaho (AP) _ Micron Technology Inc. (MU) on Thursday reported fiscal fourth-quarter earnings of $4.33 billion. On a per-share basis, the Boise, Idaho-based company said it had net income of $3.56. Earnings,
Facebook’s (NASDAQ:FB) second-quarter earnings showed that the company’s multiple headwinds are clearly weighing on its results and outlook. Consequently, Facebook stock fell sharply in the wake of the results. Since these stiff headwinds are unlikely to ease any time soon, investors should avoid owning Facebook stock.
American memory and storage tech firm Micron MU has released fiscal Q4 2018 (ended August) earnings after Thursday's closing bell, with typically positive results: earnings of $3.53 per share easily beat the Zacks consensus of $3.32, with year-over-year earnings growth up 75%. Quarterly sales posted $8.44 billion, which is not only well above the estimated $8.25 billion but even higher than the top on the previously guided revenue range of $8.4 billion. In terms of earnings results, this marks the 13th straight positive surprise -- you need to go back to fiscal Q3 2015 for the last time Micron missed expectations.
Despite its controversies, Ticketmaster-parent Live Nation Entertainment Inc. has been a winning stock over the past few years. The very things that make the company controversial — high ticket fees and a stronghold on event venues — have helped the company deliver impressive results quarter after quarter. Eventbrite Inc. (EB) priced its initial public offering at $23, the high end of its $21 to $23 range, selling 10 million shares to raise $230 million.
Defense stocks have been catching some bids lately, with many hitting multi-month highs. The nice thing about defense stocks is that there is a recurring secular market. Specifically, defense spending seems like the one thing our government can agree on.
New Age Beverages' stock has tripled this week after announcing a CBD beverage amid a rally in pot stocks. The news came as rumours swirled around Coca-Cola's potential entry into the space. New Age Beverages, a small Colorado-based company, is no exception.
Shares of Micron Technology Inc. (mu) are up 4.3% in Thursday morning trading, ahead of the company's crucial fiscal fourth-quarter earnings report. Micron will deliver results after market close, following weeks of speculation as to the state of memory pricing and demand. Mizuho's Vijay Rakesh wrote early Thursday that he expects "a solid quarter" and forecast.
Traders of Micron Technology Inc. stock options are ready for a bigger-than-usual move in the stock, in either direction, after the memory chip company reports earnings after Thursday’s closing bell. The stock (MU)rallied 2.8% in afteroon trade Thursday, but has tumbled 12% just this month, while a popular chip maker index, the PHLX Semiconductor Index (SOX) has slipped 0.8% in September, and the S&P 500 index (SPX)has edged up 1.1%. Don’t miss: Micron earnings: After a quarter of debate, how bad has the memory market gotten?
"This issue, if not quickly resolved, could hurt GE's turbine brand image and market share," Jim Corridore, an analyst at CFRA, said in a note, cutting his price target to $14 from $15. GE stock was down 3 percent at $12.49 on the New York Stock Exchange. The problem was first discovered on turbine blades in a natural gas-fueled turbine operated by Exelon Corp in Texas a few weeks ago, GE told Reuters.
Facebook, Netflix and Alphabet, parent of Google, along with media and telecom companies, will become part of a new S&P Dow Jones industry sector for communications services, starting Monday. Analysts do not expect a big market move when the new sector is launched Monday to replace telecom, but the fact some FANG names are in the sector means other components, like media stocks could see more buying interest. Formation of the new sector could also result in a buying spree in tech, as money managers attempt to rebalance their holdings because of the loss of Alphabet and Facebook.
Micron Technology Inc., the largest U.S. maker of memory chips, gave a revenue forecast that fell short of analysts’ estimates, adding to concern that a two-year surge in demand for its products is fading. Analysts predicted, on average, $8.45 billion, according to data compiled by Bloomberg. Chief Executive Officer Sanjay Mehrotra said underlying demand for memory chips remains strong and near-term fluctuations don’t herald a broad-based downturn.
Micron Technology Inc. will give investors a much better lay of the land of the memory chip market this week following a quarter of dueling narratives on whether chip prices would hold premium prices. Micron (MU) is scheduled to report fiscal fourth-quarter earnings after the bell on Thursday. Many optimists argued that the traditional memory chip cycle was no longer applicable and that the market had entered uncharted territory because of new demand from internet-connected devices outside of phones and an insatiable demand from growing data centers.