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Moelis's Cantor on Downstream Investment, Aramco IPO

Moelis's Cantor on Downstream Investment, Aramco IPO

Eric Cantor, vice-chairman and managing director at Moelis, discusses downstream investment and the Aramco IPO. He speaks to Bloomberg's Tracy Alloway at the Adnoc Downstream Investment Forum in Abu Dhabi. ...

  • The Berkshire Hathaway of cannabis companies benefits from other pot stocks’ rise
    Business
    MarketWatch

    The Berkshire Hathaway of cannabis companies benefits from other pot stocks’ rise

    Canada-based Aurora Cannabis Inc. tripled its revenue thanks to bigger weed sales in the final quarter of its fiscal year, but the pot producer’s profit gains were mostly the result of a different business: investing in other marijuana companies. Canadian cannabis stocks have been soaring of late, as the country prepares to fully legalize the drug for adult recreational consumption on Oct. 17. Aurora (ACBFF)(CA:ACB) executives, similar to competitors like Canopy Growth Corp. (CGC)(CA:WEED) and Cronos Group Inc. (CRON)(CA:CRON) , said after releasing earnings Monday evening that the company is prepared for a big spike in sales.

  • Does GE's Turbine Failure Matter?
    Business
    Motley Fool

    Does GE's Turbine Failure Matter?

    The heavy-duty gas turbine is actually one of the success stories of GE Power in recent years, and there's a case for arguing that if it hadn't been so successful, then GE's power segment would be in even deeper trouble. A combination of weaker than expected gas turbine demand in 2017 and a dismal outlook for 2018-2020 from both GE and Siemens has caused GE to cut its power segment guidance by some $500 million this year alone. The chart below shows how GE has lowered its guidance for heavy-duty gas turbines in 2018.

  • Forget Tilray, These 2 Biotech Stocks Have Far More Upside
    Business
    Motley Fool

    Forget Tilray, These 2 Biotech Stocks Have Far More Upside

    Canada's Tilray (NASDAQ: TLRY), a marijuana cultivator and distributor, has given early investors the ride of their lives since going public last June. Amarin Corporation (NASDAQ: AMRN) and Viking Therapeutics (NASDAQ: VKTX), for example, are two biotech stocks that offer considerably more upside potential than Tilray does right now. Yesterday, Amarin reported that its highly refined fish oil pill Vascepa provided a significant cardiovascular benefit in patients with elevated triglyceride levels, despite being on statin therapy.

  • Here's how much money people in their 50s have in their 401(k)s
    Business
    CNBC

    Here's how much money people in their 50s have in their 401(k)s

    Is the average fifty-something with a retirement account on track? As of the second quarter of 2018, Americans between 50 and 59 years old with a 401(k) had an average balance of $174,200 and were contributing 10 percent of their paychecks. Fidelity reports that Americans aged 50 to 59 are saving more in their 401(k)s than they were five years ago: In 2013, they had an average balance of $128,900.

  • Kavanaugh’s potential replacement is far bigger nightmare for progressives: Kennedy
    U.S.
    Fox Business Videos

    Kavanaugh’s potential replacement is far bigger nightmare for progressives: Kennedy

    FOX Business’ Kennedy says Judge Amy Coney Barrett as Judge Brett Kavanaugh’s replacement presents a much greater challenge for progressives.

  • 8 Stocks to Sell as Each Forms a Death Cross
    Politics
    InvestorPlace

    8 Stocks to Sell as Each Forms a Death Cross

    U.S. equities are under pressure on Monday amid fresh U.S.-China trade tensions (Beijing is threatening to abandon discussions) and reports in the political press that Deputy Attorney General Rosenstein — who is in charge of the Mueller investigation — has resigned in anticipation of being fired by President Trump. Subsequent reporting says that Trump and Rosenstein had an extended conversation and will meet on Thursday when Trump returns to Washington D.C. Stocks are weakening on worries the fate of the Russia investigation is tied up with Rosenstein.

  • 40 Under 40: Todd Shafer; HCA Healthcare Inc., See Level Consulting
    Business
    American City Business Journals

    40 Under 40: Todd Shafer; HCA Healthcare Inc., See Level Consulting

    As one of two partners at See Level Consulting, Todd Shafer is responsible for overseeing all aspects of the company, including development, brand management and business strategy. In his role at HCA Healthcare Inc., Shafer develops new technology and techniques to improve the experience for the company’s nurses.

  • A first-ever Fed September interest-rate hike could set stocks reeling Wednesday
    Business
    MarketWatch

    A first-ever Fed September interest-rate hike could set stocks reeling Wednesday

    With the Federal Reserve all but certain to raise interest rates on Wednesday, investors may need to brace for sudden, unexpected market volatility as stocks have been underperforming on Fed Days in recent months. Data published by Bespoke Investment Group Tuesday indicate that stocks, on average, fell 0.13% on the last 10 times the central bank held its policy meetings. Adding to potential trouble, George Goncalves, head of U.S. rates strategy at Nomura, notes that a Wednesday rate hike would mark the first time that the Fed has tightened in September, a month in which the stock market historically has not performed well.

  • This Marijuana Stock's Sales Are Soaring
    Business
    Motley Fool

    This Marijuana Stock's Sales Are Soaring

    Aurora Cannabis' (NASDAQOTH: ACBFF) acquisition strategy is paying off with eye-popping sales growth and envy-inspiring marijuana production capacity. The company just reported fourth-quarter 2018 financials that included a 223% surge in sales from one year ago, but that might be the tip of the proverbial iceberg once recreational sales begin in Canada next month. Aurora Cannabis and it's Canadian cannabis peers make most their money selling medical marijuana in Canada.

  • Who Are Geron Corporation’s (NASDAQ:GERN) Major Shareholders?
    Business
    Simply Wall St.

    Who Are Geron Corporation’s (NASDAQ:GERN) Major Shareholders?

    If you want to know who really controls Geron Corporation (NASDAQ:GERN), then you’ll have to look at the makeup of its share registry. Insiders often own a large chunk of younger, smaller, companies while huge companies tend to have institutions as shareholders. Companies that have been privatized tend to have low insider ownership.

  • Business
    Benzinga

    KeyBanc Starts Coverage On 10 Semiconductor Stocks, Downgrades Cypress Semi

    KeyBanc analyst Weston Twigg on Tuesday initiated coverage on 10 popular semiconductor stocks and downgraded another, but his across-the-board Sector Perform ratings suggest he’s not particularly confident in semis at the moment. “We're constructive on the long-term trajectory of the industry as new demand drivers emerge,” Twigg said. Twigg said semi companies with larger scale will likely be able to navigate the current environment best by investing in acquisitions and research.

  • Business
    CNBC

    Nobel Prize winner Robert Shiller warns this is a 'risky time' in the market

    Investors are no longer skeptical enough about corporate earnings and in turn have made the U.S. stock market the most expensive in the world, says Yale economist Robert Shiller. Investors are no longer skeptical enough about corporate earnings and in turn have made the U.S. stock market the most expensive in the world, Nobel Prize winner Robert Shiller told CNBC on Tuesday.

  • Why CenturyLink, Jabil, and Neogen Slumped Today
    Business
    Motley Fool

    Why CenturyLink, Jabil, and Neogen Slumped Today

    CenturyLink (NYSE: CTL), Jabil (NYSE: JBL), and Neogen (NASDAQ: NEOG) were among the worst performers on the day. Shares of CenturyLink dropped 8% on news that the company's chief financial officer is leaving to work at a competing player in the telecom industry. CFO Sunit Patel left in order to pursue opportunities at T-Mobile US (NASDAQ: TMUS), which is in the midst of working out merger details with fellow wireless carrier Sprint.

  • Business
    Motley Fool

    Why General Electric Shareholders Will Need a Lot of Patience

    As most investors in the industrials space know, General Electric (NYSE: GE) is in the midst of a long transformation in which the formerly sprawling conglomerate is paring itself down to its core businesses. Thus, the recently revealed issues that power company Exelon (NYSE: EXC) has had with blades in GE's flagship model gas turbines loom even larger, and led JPMorgan to downgrade the stock. What do GE shareholders have to look forward to?

  • Business
    Benzinga

    Oppenheimer Technical Analyst On GE: 'Stay Away'

    The multiyear chart for General Electric Company (NYSE: GE) shows sustained selling pressure since late 2016 with "no relief in sight," according to Oppenheimer's Ari Wald. The Analyst Wald, head of technical analysis at Oppenheimer, and Gina Sanchez

  • Why The Trade Desk, Inc. Stock Popped Tuesday
    Business
    Motley Fool

    Why The Trade Desk, Inc. Stock Popped Tuesday

    RBC Capital analyst Mark Mahaney's optimism for The Trade Desk this week comes after he reviewed the company's recent release of its Next Wave platform, which The Trade Desk CEO Jeff Green said in the company's most recent earnings call represented its biggest product launch ever.

  • Why Geron Corporation Stock Is Bolting Higher Today
    Business
    Motley Fool

    Why Geron Corporation Stock Is Bolting Higher Today

    Shares of the clinical-stage biotech Geron Corporation (NASDAQ: GERN) rose by as much as 12.19% in early-morning trading today on heavier-than-normal volume. The decision, if positive, could result in a massive short squeeze in Geron's stock. Fortunately, bulls and bears alike don't have long to wait to find out J&J's final decision.

  • Stocks to watch: Disney Changes pricing, Walmart bets on Blockchain, Arby's buys Sonic, Intel downgraded & Qualcomm takes on Apple
    Business
    Yahoo Finance Video

    Stocks to watch: Disney Changes pricing, Walmart bets on Blockchain, Arby's buys Sonic, Intel downgraded & Qualcomm takes on Apple

    Yahoo Finance's Seana Smith has a look at the Stocks to Watch.

  • Business
    Benzinga

    Bank Of America Raises Nvidia Price Target To A Street High, Sees Upside In Multiple Segments

    Shares of NVIDIA Corporation (NASDAQ: NVDA), which have rallied about 38 percent year-to-date, have additional runway for upside ahead, according to Bank of America Merrill Lynch. The firm raised its price target for Nvidia shares only a day after

  • Why Is Amarin’s Stock Price Soaring?
    Business
    Market Realist

    Why Is Amarin’s Stock Price Soaring?

    Why Is Amarin's Stock Price Soaring? Stock performance Today, Amarin Corporation stock is trading at $13.77, versus yesterday’s closing price of $12.40, reflecting ~11.05% growth. On September 24, Amarin’s stock price grew 314.7% to reach $12.40

  • What Analysts Think about SO and PPL
    Business
    Market Realist

    What Analysts Think about SO and PPL

    SO and PPL: How These Top-Yielding Utilities Stack Up (Continued from Prior Part) Southern Company Southern Company (SO), one of the largest utility stocks, presents an upside potential of ~4.0% from its current price level of ~$44.01. Analysts have

  • General Electric Stock Might Not Have Bottomed Out Yet
    Business
    Market Realist

    General Electric Stock Might Not Have Bottomed Out Yet

    General Electric: Is There a Light at the End of the Tunnel? For General Electric (GE) investors, anxiety seems to be long-lasting phenomena. On September 24, the closing price for General Electric stock hit a fresh 52-week low at $11.74—down 3.5% from the closing price of $12.17 on September 21.

  • Verizon offers separation plans to thousands of management employees
    Finance
    Reuters

    Verizon offers separation plans to thousands of management employees

    "It is a voluntary plan and offers employees three weeks' pay for every year of service," Verizon spokesman Jim Gerace said, without providing details on the number of employees who would be offered the plan. Verizon had about 153,100 employees as of June.

  • Micron Hides Another Key Metric From Investors
    Business
    Motley Fool

    Micron Hides Another Key Metric From Investors

    Just as the booming market for memory chips begins to cool off, Micron Technology (NASDAQ: MU) is making it harder for investors to understand its results. During the company's earnings call earlier this month, CFO David Zinsner announced that the memory chip manufacturer would no longer disclose gross margins for its DRAM and NAND product categories. This isn't the first time Micron has become tight-lipped about a key metric.

  • Canadian marijuana producer Aurora Cannabis posts a surprise profit as it prepares to list its stock in the US
    Business
    Business Insider

    Canadian marijuana producer Aurora Cannabis posts a surprise profit as it prepares to list its stock in the US

    Aurora Cannabis, one of the world's largest publicly traded marijuana companies, reported a surprise profit Tuesday that sent shares soaring more than 9%. The company increased its gross margins thanks to a higher selling price per gram of cannabis. Follow Aurora's stock price in real-time here.