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
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.
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.
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
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.
Shares of Micron MU dipped 0.60% during regular trading hours Wednesday, one day before the firm is set to release its fourth-quarter financial results. The Most Accurate Estimate is a version of the Zacks Consensus whose definition is related to change.
Sep.19 -- Tilray Inc. shares set up for a third-straight day of gains after the company received clearance from the U.S. DEA to import medical marijuana to supply a clinical trial in California. Bloomberg Intelligence's Ken Shea reports on "Bloomberg Daybreak: Americas."
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.
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.
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.
Facebook FB saw its stock price jump 1.7% Wednesday to help stop some of the embattled social media firm’s bleeding. Facebook is setting up a “war room” in an effort to fight back against the spread of misinformation and “fake news” across its platform during the upcoming midterm elections, according to a New York Times report Wednesday. Facebook is expected to have more than 300 people working to curb issues that occurred on the social network during the 2016 U.S. election cycle.
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.
Digital payments are rapidly displacing payments by cash or check by consumers, but the really big opportunity, with as much as $1 trillion in annual revenue at stake, may be in business-to-business (B2B) payments, according to a report from Goldman Sachs cited by MarketWatch. "While thus far the digitization of B2B payment flows has been slow—especially among small business—we believe the market is finally poised to accelerate," Goldman wrote. Among the companies that Goldman believes are well-poised to profit from the further digitization of B2B payments are these eight: Bottomline Technologies Inc. ( EPAY), Coupa Software Inc. ( COUP), FleetCor Technologies Inc. ( FLT), Intuit Inc. ( INTU), SAP SE ( SAP), Square Inc. ( SQ), Wex Inc. ( WEX) and Worldpay Inc. ( WP).
Agribusiness company Monsanto has asked a San Francisco judge to throw out a jury's $289 million award to a former school groundskeeper who said the company's Roundup weed killer left him dying of cancer. DeWayne Johnson failed to prove that Roundup or similar herbicides caused his non-Hodgkin's lymphoma, and presented no evidence that Monsanto executives were malicious in marketing Roundup, attorneys for Monsanto said in court documents filed late Tuesday. Johnson's lawsuit is among hundreds alleging Roundup caused cancer, but it was the first one to go to trial.
Tilray Inc. CEO Brendan Kennedy drove his stock as much as 94 percent higher in volatile trading on Wednesday by talking about the growth prospects for the medical marijuana provider.But there’s other Tilray opportunities than just buying the shares.
CNBC's Dominic Chu takes a look at the ETFs that include red-hot pot stocks.
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.
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.
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.
Netflix (NFLX) closed the most recent trading day at $366.96, moving -0.18% from the previous trading session. In that same time, the Consumer Discretionary sector gained 3.17%, while the S&P 500 gained 2.1%. NFLX's full-year Zacks Consensus Estimates are calling for earnings of $2.67 per share and revenue of $15.87 billion.
Shares of several popular Canadian marijuana producers—including Tilray TLRY, Canopy Growth CGC, and Cronos Group CRON—were surging once again on Wednesday as Wall Street grows ever-more bullish on the prospects of legalization and U.S. imports. This morning’s rally was led by Tilray, which opened a staggering 50% higher—just one day after gaining nearly 30% in a session and adding to a recent run of momentum which has seen the company skyrocket to a market valuation of over $17 billion. Tilray’s latest move comes in the wake of the company’s announcement that it has received DEA approval to import pot to the U.S for medical research.
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.
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.
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.
Nvidia (NVDA) closed the most recent trading day at $271.98, moving +0.26% from the previous trading session. The stock outpaced the S&P 500's daily gain of 0.13%. This has outpaced the Computer and Technology sector's gain of 1.4% and the S&P 500's gain of 2.1% in that time.