Tesla CEO Elon Musk announced on Twitter on Thursday that a lower-cost Model 3 was immediately available for order on the company's website. The electric car will have a base price of $45,000 and is eligible for federal and state tax rebates. Tesla shares were down more than 3% Friday after — they gained as much as 2.2% earlier in the session.
Cleveland-Cliffs CEO Lourenco Goncalves took time out of his company's third-quarter earnings call to attack a Goldman Sachs analyst and short sellers. It's not the first time Goncalves had a contentious moment with an analyst on an earnings call.
With some Canadian pot stocks posting triple-digit return rates this year, many retail investors have looked north to pour cash into cannabis. U.S. cannabis companies are worth a lot more than their current valuations suggest since federal illegality has put undue pressure on the industry, said David Wenger, a New York attorney and senior editor of the Cannabis Law Digest.
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.
Shares of Advanced Micro Devices Inc. (amd) tumbled 7.3% in afternoon trade, enough to pace the decliners in the semiconductor sector, after bearish note on the company from New Street Research and recent downbeat reports on the sector. On Friday, New Street analyst Pierre Ferragu initiated coverage of AMD with a sell rating and stock price target of $18, which was 27% below current levels, saying he sees a "hard stop" in momentum around the corner. Morgan Stanley said in a note Thursday that it expects broad-based lowered fourth-quarter guidance when chip makers report third-quarter results, driven by "pronounced weakness" in autos and a slowing in industrial.
Investor worries include increasing competition, potential regulation, tensions with the U.S., and China’s economic slowdown, which accelerated in the third quarter. Alibaba was the consensus favorite at Barron’s emerging markets roundtable, which featured panelists Laura Geritz, Justin Leverenz, Ruchir Sharma, and Richard Sneller. Barron’s: Investors have fallen out of love with Alibaba [ticker: BABA], Tencent [TCEHY], and Baidu [BIDU].
Once upon a time, Sears helped America become a healthy economy again in the post-War years. Back then, no one would’ve guessed that Sears would file for bankruptcy before 2020. Are my retail stocks really all that safe?
Marijuana presents a tremendous opportunity for investors over the next few years. Naïve investors are excited. The reality is that professionals will pick their pockets, and many naïve investors who are excited now will end up losing 90% of their investment.
Harley-Davidson sales continue to falter after a rough first half in which it lost share to Indian, its main U.S.-based competitor, according to BMO Capital Markets. Harley engaged in a public spat with Trump a few months ago when it said it was shifting some production overseas in response to retaliatory tariffs from abroad. "It should be disconcerting to HOG investors that most Indian dealers we speak with are seeing an uptick in Harley trade-ins for whatever the reason may be," BMO says.
As such, the full range of recreational products offered by Tilray (NASDAQ:TLRY), Canopy Growth (NYSE:CGC) and their peers can now be sold throughout Canada. One question for American investors is how that affects U.S. marijuana stocks? What happened in Canada changes little in the U.S. The federal ban on marijuana remains in place.
Advanced Micro Devices Inc AMD is set to report third-quarter 2018 results on Oct 24.Notably, AMD has a positive record of earnings surprises in the trailing four quarters, the average surprise being 30.97%. In the last reported quarter, earnings of 14
The fourth quarter began with a big stock market selloff, and many investors may be taking a close look at once-loved stocks in their portfolios that have disappointed with significant price declines this year. "Tax loss selling becomes a possible source
The recent weakness in shares of semiconductor manufacturer Nvidia Corp. ( NVDA) presents an opportunity for tech investors to buy the chip stock at a discount price, according to one team of bulls on the Street. Shares of Nvidia have lagged the chip sector since the start of the month, down roughly 17.8% compared to the iShares PHLX Semiconductor ETF's (SOXX) 9.6% loss over the same period.
Shares of Netflix (NASDAQ:NFLX) seem to have finally found their footing after a sharp selloff. Netflix stock shed nearly 25% after reaching all time highs at the $420 area in late June. Certainly, some of the drop was warranted given the runaway rally in NFLX stock in the first half of the year.
In fact, building wealth may boil down to simply eliminating your morning latte. Next, cut back on that expense and direct those savings towards an investment account, where your money will compound over time.
Following on the Mega Millions madness, the traders give you stocks that could make you a billionaire. With CNBC's Frank Holland and Melissa Lee, and the Fast Money traders, Tim Seymour, Steve Grasso, Brian Kelly and Dan Nathan.
CNBC's Jim Cramer says Canopy shares are "done going down" after last week's high, making the stock an attractive investment. In the investor frenzy ahead of Canada's legalization, Canopy shares gain more than 400 percent in the past 12 months. CNBC's Jim Cramer said on Friday that Canadian pot stock Canopy Growth CGC is now a buy.
Amid the broader market selloff in October, NVIDIA Corporation (NASDAQ:NVDA), has also come under pressure. Despite NVDA price falling from the $290’s to the $240’s level, investors would be better off waiting a few more weeks before they invest in NVDA stock. A darling among investors over the past few years, Nvidia stock gets a lot of attention among the chip stocks.
The automaker is suffering from the appearance that it lacks transparency and decisive action. Morgan Stanley downgraded Ford F on Friday, saying its earnings and cash flow are under pressure and its dividend is at risk. The number two U.S. automaker is suffering from a perception among investors that it lacks transparency and is failing to take quick, decisive action in executing its turnaround plan, Morgan Stanley analyst Adam Jonas said in a note.
Aurora Cannabis Inc. is a major pot producer, but if its bets on other cannabis companies continue to pay off, it may be able to stop actually growing weed on its own. Aurora (ACBFF)(CA:ACB) said recently its investments were worth more than C$700 million ($540 million) as of Sept. 21, bolstered in part by demand for pot stocks ahead of full legalization of marijuana in Canada on Wednesday. As the entire sector has benefited, so has Aurora’s portfolio, boosting the company’s fiscal fourth-quarter profit to C$79.9 million, after a loss of $20.8 million the year earlier.
Some vendors have stopped shipping products to the retailer over concerns they won’t get paid, according to people with knowledge of the situation, who asked not to be named because the talks are private. Sears, which is based in Hoffman Estates, Illinois, told vendors that it’s “committed to being a great partner to you through this period and beyond,” according to the Oct. 15 letter, which was obtained by Bloomberg News. Some vendors are concerned because Sears’s communication has been limited beyond the initial email.
Advanced Micro Devices Inc. ( AMD) stock already has fallen into a bear market, down 22% from its intraday high last month. The stock faces massive volatility in the coming weeks as options traders anticipate 20% gains - or declines - in the stock by the middle of November. Options trades indicate huge uncertainty about which way the stock will go. The long straddle options strategy for expiration on November 16 suggests that the stock could rise or fall by 20% from the $26 strike price.
Canadian marijuana company Aurora Cannabis Inc.’s shares rose about 4% Thursday after it said shares have been approved for trading on the New York Stock Exchange starting October 23. The stock (CA:ACB)(CA:ACB) which is currently trading on the over-the-counter market, will trade under the ticker symbol “ACB”. The shares are also traded on the Toronto Stock Exchange.
YY Inc. (NASDAQ:YY) continues to fall, even as the Chinese, video-based social media company increases its profits. The YY stock price has now dropped by more than 55% since achieving its 52-week high in January. The possible geopolitical and industry risk may deter investors from buying YY stock.