Here are the companies Yahoo Finance is watching today.
Cannabis company CannTrust (CTST) is under a lot of pressure this morning after one of its facilities failed an inspection in Canada. That means it can't distribute that legal pot from a greenhouse in Ontario, at least for now. CannTrust is warning of shortages and said the potential financial impact remains "unknown."
BMW (BMW.DE) is looking for a new CEO. Harald Krueger is leaving by April, facing pressure inside and outside the company to reinvent the legendary automaker with a focus on electric vehicles. The current production chief is said to be among the favorites to replace him.
Some mixed assessments this morning for Fiver (FVRR). Some big names have just initiated coverage, now that the post-IPO quiet period has ended for the online marketplace for freelancers. While Citi and UBS both rate the stock neutral, Needham is more bullish, rating the stock a buy and Oppenheimer initiated coverage with an outperform and set a price target of $32 a share.
It looks like analysts are bullish on the cybersecurity tech company CrowdStrike (CRWD). Bank of America Merrill Lynch, Needham and Stifel are among the firms initiating coverage with a Buy rating with the highest price targets coming from JPMorgan at $100 and Oppenheimer at $90. Meanwhile, Jefferies and Credit Suisse have issued more cautious ratings for CrowdStrike.
Sony's (SNE) latest Spiderman film dominated the Independence Day box office, with about $185 million in domestic sales over the six-day opening. “Spider-Man: Far From Home” has also been doing well overseas, bringing in about $167 million in China alone and surpassing the $580 million mark worldwide.