Despite its explosive gains over the past few weeks, the marijuana industry, in many ways, is still in its infancy. Medical and recreational cannabis sales are forecast to climb to a monstrous $146.4 billion by the end of 2025, according to Grand View Research. First off, the top Canadian pot stocks listed on major U.S. exchanges -- Canopy Growth Corporation (NYSE: CGC), Cronos Group (NASDAQ: CRON), and Tilray (NASDAQ: TLRY) -- all sport valuations that seem to suggest that much of this projected upside is already baked in at this point.
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
Some of the most popular tech stocks in the market have performed relatively poorly so far this week. Without major news driving the tech sector lower, some of the stocks may simply be the victim of sector rotation. Strange Trading Action So far this
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.
Two sheriff deputies left two women to drown in the back of a police transport van in South Carolina on Tuesday when the van was overcome by flood waters from Hurricane Florence, a local ABC affiliate, WPDE reported. The two women were described in news reports as “mental health patients” at Loris Hospital and Waccamaw Center for Mental Health in Horry County, and were on medical transport. The women, who have been identified as 45-year-old Windy Newton, and 43-year-old Nicolette Green, were being transported to McLeod Health, a nearby medical facility.
Former GM Vice chairman Bob Lutz blasted Tesla, claiming the company is 'headed for the graveyard.' Yahoo Finance's Seana Smith, Dion Rabouin and Andy Serwer discuss.
Warren Buffett and his right-hand Charlie Munger seem sweet on the world's largest company, Apple (NASDAQ: AAPL). Berkshire also sold some of its position in Phillips 66, Charter Communications, United Airlines, American Airlines, and Wells Fargo. Some of these sales might indicate the investor is moving away from the companies, but others are simply a part of Buffett's plans to keep his ownership below 10% to avoid certain regulatory hurdles.
As expected, software giant Microsoft (NASDAQ: MSFT) announced a dividend increase this week. While Microsoft's fairly low dividend yield means the stock might often get overlooked as a dividend stock, another meaningful annual dividend increase in the books makes the stock a bit more enticing as an investment for generating income. In line with the company's practice of announcing a dividend increase on the third Tuesday of every September, management declared the 9.5% dividend hike after market close on Tuesday, Sept. 18.
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.
Morgan Stanley's Joseph Moore maintained an Underweight rating on AMD with a price target lifted from $11 to $28. Intel argued over the past few years that its process leadership would translate into a sustainable performance advantage across multiple markets, Moore said in a Tuesday note. Intel's ongoing delays in its 10 nm processors are now looking more disruptive for the company than previously assumed, as it is impacting existing roadmaps, Moore said.
Chances are, finding a good sale on the iPhone Xs or iPhone Xs Max when they launch on Friday won’t be possible. WalletHub, a site that ranks and discusses loans and credit cards, has published its 2018 iPhone Savings Report, which found that if you choose the right carrier deal, you could save up to $1,403 over two years with the purchase of your new iPhone. In its study, WalletHub analyzed plans from all four major carriers—AT&T, Sprint, Verizon, and T-Mobile—as well as small “prepaid carriers” like Walmart Family Mobile and Boost Mobile.
Live from the floor of the New York Stock Exchange, Yahoo Finance's Jared Blikre joins Alexis Christoforous to discuss the latest moves.
Ranking Eight Integrated Energy Stocks on Dividend Yields (Continued from Prior Part) Shell’s dividend yield Royal Dutch Shell (RDS.A) is the second-highest dividend-yielding integrated energy stock in our review. The company also has the second-largest
The United States Department of Justice (or DOJ) has appealed Judge Richard Leon’s decision to allow AT&T’s (T) $85.4 billion acquisition of Time Warner, raising the possibility that the deal could be blocked. The appeal came after the companies closed the merger deal on June 14 after winning a six-week court trial. The DOJ had objected to the deal on the grounds that it would hurt consumers with higher costs and reduced competition in the pay-TV space.
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.
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.
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.
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.
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.
Investing in utilities is usually a pretty boring affair, with the main attraction normally being a reliable quarterly dividend payment. Recent events at SCANA Corporation (NYSE: SCG), however, have been anything but boring. Dominion Energy could be the company's savior, but not if the government gets in the way.
In a mere 28 days, on Oct. 17, recreational weed will go on sale in licensed dispensaries, opening the door to what should be billions of dollars in added annual sales, atop what the industry is already generating from medical pot sales and via exports to foreign countries that've legalized medical cannabis. For instance, no pot stock has done better (or even come close, for that matter) than Tilray (NASDAQ: TLRY) since its initial public offering on July 19. After pricing its shares at $17, Tilray hit $300 a share in intraday trading on Wednesday, Sept. 19.
If history repeats itself, Advanced Micro Devices, Inc. (NASDAQ: AMD) investors should brace for a 96-percent crash in the stock, according to Craig Johnson. What Happened AMD is among the hottest performers in 2018, with shares up around 225 percent
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
Shares of Tilray, Inc. (NASDAQ: TLRY) were up 36.5% as of 10:29 a.m. EDT on Wednesday and rose more than 40% earlier in the morning. Several of Kennedy's statements generated excitement among some investors. For example, he said that pharmaceutical companies and alcoholic beverage companies need to "hedge" by partnering with cannabis companies because cannabis is a substitute for some of the big companies' drugs and beverages.