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.
Shares of Boston-based industrial giant General Electric Co. ( GE) are down another 3.4% as of Thursday morning on a bearish note from one team of analysts on the Street who expect the conglomerate's struggling power business to eat into earnings. In
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.
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) .
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.
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?"
DEEP DIVE The Dow Jones Industrial Average (DJIA) rose to an intraday high Thursday, closing with a 1% gain. The S&P 500 Index (SPX) was up 0.8% after setting another intraday record, following the latest round of good economic
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.
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.
This move outpaced the S&P 500's daily gain of 0.78%. Heading into today, shares of the biotechnology company had lost 3.6% over the past month, lagging the Medical sector's gain of 2.59% and the S&P 500's gain of 2.17% in that time. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $3.81 billion, up 15.8% from the year-ago period.
Leadership changes are starting to ripple through Bank of America Corp.’s investment bank as disagreements over risk-taking and a struggle to keep pace with competitors spur high-level departures. On Wednesday, Christian Meissner said he’s stepping down as head of the corporate and investment-banking division he led through the tumultuous years after the financial crisis. More executives may follow Meissner’s lead, they said.
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.
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.
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.
"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.
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."
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.
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.
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,
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.
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?
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.
Let’s check out the Yahoo Finance charts of the day. Catepillar (CAT): Shares are up in early trade, at around 2.3%. RW Baird upgraded Catepillar to “outperform” from “neutral” noting the underperformance this year by the machinery sector compared to
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