- Bloomberg•4 hours ago
Friday Is Going to Be a Huge Day for Stock Traders
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.
- Business Insider•5 hours ago
The Canadian cannabis producer that was in talks with Coca-Cola to make a CBD-infused drink is reportedly targeting a US IPO in October
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.
Business Insider•5 hours agoA $10 billion marijuana producer just spun off its venture arm in the hopes it will become the 'Google Ventures of cannabis' (RIV)
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.
Business Insider•7 hours agoA former exec at Google and Facebook doesn't just expect job candidates to negotiate their offer — she hopes they will
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.
- Bloomberg Video•18 hours ago
Weed Stock Tilray Gains 94% Then Loses It All in Minutes
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."
Business Insider•2 hours agoMillennials are snapping up the 'Tesla of China' since its IPO (NIO)
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.
- MarketWatch•48 minutes ago
Micron stock options show traders are bracing for a big rally—or a selloff
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?
- Zacks•5 hours ago
Why Is Nvidia (NVDA) Stock Down Today?
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.
- TheStreet.com•1 hour ago
Procter & Gamble's Stock Continues to Move Higher
In this daily bar chart of PG, below we can see a bullish golden cross of the rising 50-day moving average line and the declining 200-day average line. The daily On-Balance-Volume (OBV) line has been positive since early June and signals that buyers of PG have been more aggressive with heavier volume being transacted on days when the stock has closed higher. The trend-following Moving Average Convergence Divergence (MACD) oscillator has turned up to a fresh outright go long signal.
- Bloomberg•yesterday
The Pot Rally Just Minted Three New Billionaires
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
Business Insider•yesterdayThe $100,000 stocks that Kanye West bought Kim Kardashian for Christmas are up by 40% (DE000A1EWW, US02313510)
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.
- Zacks•7 hours ago
US Considers Military Base in Poland: Defense Stocks in Focus
The Polish government’s recent request for a permanent U.S. military base in Poland could prove beneficial for the U.S. defense sector. President Donald Trump not only acknowledged Poland’s concerns about Moscow’s aggressive activities in the region, but also gave an affirmative reply. During a White House meeting earlier this week, Trump’s Polish counterpart Andrzej Duda requested Trump for firm U.S. military presence in his country, citing Russian threat because of Poland’s strategic location.
- InvestorPlace•yesterday
5 Dividend Stocks With 50-Plus Years of Annual Dividend Hikes
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.
Reuters•2 hours agoFour General Electric power turbines shut down in U.S. due to blade issue
"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.
- CNBC Videos•6 hours ago
Cramer on Nvidia: If things are priced for perfection, th...
CNBC's 'Squawk on the Street' team discusses Morgan Stanley downgrading the gaming card stock.
- Investopedia•2 hours ago
Why Big Bank Stocks Are Ready To Rebound
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).
- Fortune•20 hours ago
Aurora Cannabis Stock Trading Suspended on Robinhood Because Demand Grew Too, Um, High
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.
Yahoo Finance•10 hours agoMorning Brief: Jack Ma says Alibaba will not create 1 million US jobs
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.
InvestorPlace•7 hours agoKeep Making Money in Advanced Micro Devices
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.
- Zacks•yesterday
JPMorgan (JPM) Cheers Shareholders With 43% Dividend Hike
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.
- MarketWatch•4 hours ago
Eventbrite IPO: 6 things to know about the ticketing company
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.
- MarketWatch•1 hour ago
Micron earnings: After a quarter of debate, how bad has the memory market gotten?
Micron Technology Inc. will give investors a much better lay of the land of the memory chip market this week following a quarter of dueling narratives on whether chip prices would hold premium prices. Micron (MU) is scheduled to report fiscal fourth-quarter earnings after the bell on Thursday. Many optimists argued that the traditional memory chip cycle was no longer applicable and that the market had entered uncharted territory because of new demand from internet-connected devices outside of phones and an insatiable demand from growing data centers.
- CNBC•3 hours ago
The Dow just triggered a chart signal that could mean 'six to nine months of a higher stock market'
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.
InvestorPlace•6 hours agoIt Looks like GE Stock May Finally Have Put in a Bottom
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.
- CNBC•7 hours ago
Chinese tech stocks were meant to challenge FANGs — but $168 billion has been wiped off their value
Baidu, Alibaba and Tencent — the BATs — have seen over a collective $168 billion wiped off their valuation. Alibaba shares are down over 11 percent year-to-date, Tencent has plunged 22.4 percent, while Baidu is off more than 6 percent. The China-U.S. trade war, concerns over valuation and a regulatory crackdown from Beijing have hit the BATs hard.
