- Bloomberg•7 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
- TheStreet.com•7 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•3 hours ago
Facebook (FB) Outpaces Stock Market Gains: What You Should Know
Facebook (FB) closed the most recent trading day at $163.06, moving +1.82% from the previous trading session. The stock outpaced the S&P 500's daily gain of 0.13%. Heading into today, shares of the social media company had lost 7.14% over the past month, lagging the Computer and Technology sector's gain of 1.4% and the S&P 500's gain of 2.1% in that time.
Business Insider•16 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•8 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.
- MarketWatch•4 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.
- CNBC•6 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.
- TheStreet.com•4 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•3 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.
- CNBC Videos•10 hours ago
Cannabis stocks riding high
CNBC's Dominic Chu takes a look at the ETFs that include red-hot pot stocks.
- Zacks•5 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
- MarketWatch•5 hours ago
Micron earnings: After a quarter of debate, how bad has the memory market gotten?
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.
- Bloomberg Video•yesterday
Qualcomm CEO Mollenkopf Sees Chance of Apple Settlement This Year
Sep.18 -- Qualcomm CEO Steve Mollenkopf speaks to Bloomberg's Emily Chang on the set of Bloomberg's Studio 1.0 about Qualcomm's IP dispute and partnership with Apple.
- Zacks•8 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.
Business Insider•10 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.
- 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•yesterday
New Strong Buy Stocks for September 18th
Here are 5 stocks added to the Zacks Rank #1 (Strong Buy) List today:ARC Document Solutions, Inc. (ARC): This reprographics company has seen the Zacks Consensus Estimate for its current year earnings increasing 16.7% over the last 60 days.ARC Document
- CNBC•4 hours ago
Red Hat falls after revenue disappoints
Software company Red Hat came in below expectations on revenue. Red Hat RHT stock fell as much as 7 percent and then rebounded on Wednesday after the software company reported lower revenue than expected for the second quarter of its 2019 fiscal year, which ended on Aug. 31. Overall, Red Hat's revenue rose 14 percent year over year, according to a statement .
- 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.
- Zacks•3 hours ago
Cisco Systems (CSCO) Stock Sinks As Market Gains: What You Should Know
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.
- Barrons.com•11 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.
- Zacks•yesterday
Are Options Traders Betting on a Big Move in Phillips 66 (PSX) Stock?
Investors in Phillips 66 PSX 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•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.
- TheStreet.com•8 hours ago
How to Play Tilray With Options
The question on everyone's mind now is: "Where is Tilray's top?" I have no idea, but my fellow columnist Jim "Rev Shark" DePorre recently had a terrific write-up comparing TLRY's rise to the way Ponzi Schemes play out. By contrast, Tilray still offers investors what I call "The Dream" -- a chance to participate in the perfect deal with the perfect company.
- InvestorPlace•yesterday
Why Tilray Stock Isn’t Worth $100
Cannabis mania is in full swing, and the stock that is creating the most hype is Tilray (NASDAQ:TLRY). Seven weeks ago, Canadian cannabis supplier Tilray went public at $17 per share. The alcoholic beverage market has produced multiple $50 billion-plus companies, including one $170 billion company.
