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.
Where we were: Tobacco has been a big underperformer this year, which has proven difficult for consumer staples stocks in general. “Lit,” or exciting, isn’t exactly how you would describe tobacco stocks in 2018. It’s perhaps not surprising that Altria (ticker: MO) and (PM) (PM) are down by double-digit percentages year to date.
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.
Bank stocks have had a rough 2018 so far, but Oppenheimer is expecting strong third quarter earnings reports to spark an upsurge in their share prices, Barron's reports. Banks’ earnings fundamentals are "more solid than any time in the 33 years we have been covering the space, but the perception that the earnings power of these companies is fragile persists," writes Chris Kotowski, senior analyst for large cap banks and brokerage firms at Oppenheimer, as quoted by Barron's. He adds that capital levels are high and loan delinquencies are low, on "altogether better planes than they have ever been before." Another positive is good expense control, with bank expenses up only about 2%, Barron's adds. The KBW Nasdaq Bank Index is trailing the S&P 500 Index (SPX) by a wide margin year-to-date, as are 5 of the 6 largest U.S. banks, Bank of America Corp. ( BAC), Citigroup Inc. ( C), Goldman Sachs Group Inc. ( GS), Morgan Stanley ( MS) and Wells Fargo & Co. ( WFC).
Sep.19 -- For U.S. marijuana company Tilray, it was double - then nothing. The stock rocketed 94% on CEO Brendan Kennedy's comments, only to see all that gain go up in smoke less than an hour later. Ramy Inocencio explains the highs, lows and last-minute 40% rebound on "Bloomberg Daybreak: Asia."
Investors in Cleveland-Cliffs Inc. CLF 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.
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.
Within this broader sector, one of the better performing industries is Large-Cap Pharmaceuticals, which includes some of the world’s largest and most recognizable drug making companies. In this sector, Merck MRK and Pfizer PFE are two of the biggest names. Pfizer boasts a strong presence in oncology with key marketed drugs being Ibrance (breast cancer), Sutent (kidney cancer), Xalkori (lung cancer) and Xtandi (prostate cancer).
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.
Nokia Corporation NOK recently unveiled its venture — Nuage Networks — Virtualized Network Services (VNS) platform to deliver the most powerful and secure end-to-end network governance across a multi-cloud environment with full visibility and control
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
"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.
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.
Shares of Nvidia NVDA were down more than 2% shortly after the open Thursday as investors reacted to a fresh research note from Morgan Stanley that raised questions about performance in the company’s gaming division. “As review embargos broke for the new gaming products, performance improvements in older games is not the leap we had initially hoped for,” the analyst wrote. Ultimately, Moore concluded that he and his team “still like the stock.” Morgan Stanley has an overweight rating and a $273 price target for Nvidia.
Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology
Life insurance company John Hancock will stop offering traditional policies, according to Venture Beat. Instead, the company, which is one of the oldest and largest life insurance underwriters in the US, will only sell policies that track fitness and health data. The company will offer two different types of insurance: the basic Vitality offering will require customers to enter their fitness activity into an app or on a website.
CNBC's 'Squawk on the Street' team discusses Morgan Stanley downgrading the gaming card stock.
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.
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.
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.
Other companies scheduled to report earnings include Thor Industries (THO), Steelcase (SCS), and Darden Restaurants (DRI). Speakers include BlackRock CEO Larry Fink, Chairman of the Council of Economic Advisers Kevin Hassett, former FDIC chair Sheila Bair, Home Depot co-founder Ken Langone, Zillow CEO Spencer Rascoff, and Tinder CEO Elie Seidman, among others.
As the Dow rallies to its first new high since January, there are a number of signs technical analysts are watching that could signal a further market breakout ahead, despite the fact that September is usually the worst month for stocks.. One of those signals was a technical confirmation by the Dow Jones Industrials of the move higher in Dow Jones Transport stocks, including airlines and railroads. "I think that should be a Dow theory buy signal ... it means, according to the theory, the economy is supposed to be improving and therefore you have six to nine months of a higher stock market," said Art Cashin, UBS director of floor operations at the NYSE.
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.
From a fundamental perspective, there’s not much to like about General Electric (NYSE:GE). For them, they may not sweat the decline in GE stock if they buy now or did so recently. This guy has been nailing GE stock and successfully called the big decline before it happened.