U.S. Markets open in 3 hrs 25 mins

Democratic Turnout Surged In Texas. Here's What That Could Mean For November.

More than 1 million Democrats in Texas turned out to vote Tuesday, thestrongest turnout for the state partyin a midterm primary since 2002. 

Turnoutrose from the 2014 midterms in both parties ― Republicans, who still dominate in the state, saw a record 1.5 million primary voters. But it soared among Democrats,especiallyina few key districtsthat the party hopes to gain in November. Republican turnout was up 15 percent statewide from 2014, while Democratic turnout more than doubled, according to NBC News.

Since PresidentDonald Trump’s inauguration, Democrats have performed better than expected in many special elections,turning out voters who didn’t show up in past yearsand giving many in the party high hopes for this year’s midterms. Recent polls give Democratsa generic ballot edgeand the early advantage on voter enthusiasm.

The results of this year’s first primaries, whilefalling shortof the blue tsunami some in the party had anticipated, track that pattern, reflecting a Democratic base galvanized into above-average turnout by their discontent with the Trump administration. 

Democrats “are mobilizing in a powerful way,” Sen. Ted Cruz (R-Texas)warned in a television interviewafter the polls in his state closed Tuesday. “At the end of the day, the good news is that there are a lot more conservatives in Texas than there are liberals.”

There’s reason to pay some attention to turnout trends as the midterm season continues. ”[P]rimary performance can be cautiously interpreted as a harbinger of the general election,” The New York Times’ Nate Cohnwrote Tuesday, after reviewing national vote history data since 2004.

Primaries, along with special elections, offer the first tangible outcomes of the election cycle. But the results are an imperfect lens through which to view the parties’ general election prospects. Turnout in primary elections may reflect enthusiasm, but it alsohinges on external factorslike the competitiveness of the races in each party. Other gauges, such as polls testing voters’ congressional preferences, hold more well-tested predictive power.

And, of course, there’s still plenty of time for things to shift between now and November.

“Every two years the Democrats find some sort of factoid to fixate on and convince themselves that this is the year where they make Texas competitive ― and every two years it falls flat,” Chris Wilson, a Republican pollster whose clients have included Cruz,told Reuters prior to the election, dismissing Democrats’ enthusiasm about their early voting numbers.

In Texas, the increased turnout among Democrats comes from “a pretty bare bones baseline,” said Jim Henson, the director of the Texas Politics Project at the University of Texas and co-director of the University of Texas/Texas Tribune Poll.

“I don’t know that that has so much to do with Texas being the leading edge of a national surge as it does with conditions being such that the Democrats are getting up off the mat a little bit,” Henson said. “I think what we’re looking at is a necessary but not sufficient condition for a Democratic revival in Texas.”

Beyond Texas, rising turnout is likely to encourage Democrats in other states, where more special elections and primaries are coming up.

Democrats nationwide have said they think their party took 2016 for granted ― resulting in big losses for their party ― and they don’t want to make the same mistake this year.Already, Democrats have turned39 state legislative seatsfrom red to blue during Trump’s presidency ― compared with four that Republicans have flipped from blue to red.

This article originally appeared on HuffPost.

  • Why These 3 Top Marijuana Stocks Slumped Today
    Business
    Motley Fool

    Why These 3 Top Marijuana Stocks Slumped Today

    With earnings season hitting a crescendo this week, investors are looking closely at the specific prospects for certain corners of the market, and that's contributing to disparities among the various major benchmarks followed most often by investors. Amid the crosscurrents, marijuana stocks took particularly hard hits, and New Age Beverages (NASDAQ: NBEV), Tilray (NASDAQ: TLRY), and Canopy Growth (NYSE: CGC) were among the worst performers on the day. All three of these stocks have given back some of their gains following the long-awaited legalization of recreational cannabis in the Canadian market last week. In the month leading up to the Oct. 17 start date for legal cannabis sales, New Age Beverages tripled in value, while Tilray had more than doubled since the end of August, and Canopy Growth had seen more modest gains of between 10% and 20%.

  • News
    CNBC

    Here's how much money you should have saved by 50

    Fidelity, the nation's largest retirement-plan provider, recommends having the equivalent of six times your annual salary saved. To get to that number, Fidelity recommends saving 15 percent of your annual income. Make sure to invest these funds instead of leaving them in a traditional low-interest savings account.

  • Watch out for ‘dead cat bounce’ in stocks because there’s more pain ahead: Morgan Stanley’s Wilson
    News
    MarketWatch

    Watch out for ‘dead cat bounce’ in stocks because there’s more pain ahead: Morgan Stanley’s Wilson

    October is living up to its infamous reputation as a volatile month for stocks with major indexes down sharply and there is likely more pain ahead for investors, according to one prominent Wall Street analyst. The recent rebound “was a dead cat bounce,” said Michael Wilson, an equity strategist at Morgan Stanley, in a report. After eking out gains last week, the S&P 500 (SPX) is trading below the 200 DMA of 2,768 Monday as stocks struggle for direction with third-quarter earnings cycle picking up pace.

  • 4 Things Aurora Cannabis Did Right Before Its NYSE Debut
    Business
    Motley Fool

    4 Things Aurora Cannabis Did Right Before Its NYSE Debut

    Aurora Cannabis (NASDAQOTH: ACBFF) (TSX: ACB) has sought to make it even easier for U.S. investors to buy its shares by arranging to have its shares listed on the New York Stock Exchange. Beginning tomorrow, Oct. 23, Aurora will join the elite group of cannabis companies whose shares trade on major U.S. exchanges. Getting ready for the increased exposure that a NYSE listing brings takes time and effort, and Aurora Cannabis hasn't wasted any time.

  • China Will Open the World's Longest Sea Bridge This Week. A Lot of People Are Unhappy About It
    World
    Fortune

    China Will Open the World's Longest Sea Bridge This Week. A Lot of People Are Unhappy About It

    Later this week, the long-awaited 34-mile sea bridge connecting mainland China to Hong Kong and Macau will finally open. In a ceremony on Tuesday that Chinese president Xi Jinping will reportedly attend, the bridge will officially open. Some critics see the Hong Kong-Zhuhai-Macau Bridge as an attempt by mainland China to tighten its grip on Hong Kong, which is an autonomous region.

  • Finance
    CNBC

    Here's the tax bite on $1.6 billion Mega Millions and $620 million Powerball jackpots

    Strategies can be employed to reduce the amount of your win that is taxed, although they are best explored with the help of an experienced tax advisor. While it's anyone's guess who will end up winning the Mega Millions and Powerball jackpots, there's at least one guaranteed recipient of a chunk of the loot — the IRS. With the Mega Millions jackpot at $1.6 billion and Powerball's top prize at $620 million, that tax bill will be hefty even if the winner employs strategies to reduce their taxable income.

  • Why Nektar Therapeutics Crashed 17.2% Today
    Business
    Motley Fool

    Why Nektar Therapeutics Crashed 17.2% Today

    After delivering a disappointing update on NKTR-214 in cancer patients this summer, Nektar Therapeutics' (NASDAQ: NKTR) shares have been struggling. The company didn't report any news today, so a negative report issued by Plainview LLC this month may be to blamed for its 17.2% tumble today. In February, Bristol-Myers Squibb (NYSE: BMY) inked a blockbuster deal to license rights to NKTR-214 following positive data last year for NKTR-214's use alongside Bristol-Myers' Opdivo.

  • AMD's Q3 Earnings to Benefit from Strong Demand for GPUs
    Business
    Zacks

    AMD's Q3 Earnings to Benefit from Strong Demand for GPUs

    Advanced Micro Devices AMD is set to report third-quarter 2018 results on Oct 24.The company is expected to gain from robust demand of graphic processor units (GPUs), which are now profusely used in industries like gaming, automotive and blockchain.Increasing

  • Finance
    American City Business Journals

    Microsoft's typical worker makes $168K a year — how that compares with Facebook, Google, PayPal, Box, Salesforce, Intel and other big Bay Area tech employers

    Microsoft Corp. is the latest major Silicon Valley tech employer to reveal just how much its typical employee earns — and how that compares with its top executive. The software giant's median employee pay — almost $168,000 — is high, even by Silicon

  • These stocks may be sacrificed in a cold war with China
    COL
    CNBC Videos

    These stocks may be sacrificed in a cold war with China

    Jim Cramer says the escalation in the United States' trade war with China could end in an outright cold war that debilitates parts of the stock market.

  • Saudi Arabia conference site hacked with disturbing image of murdered journalist Jamal Khashoggi
    World
    The Independent

    Saudi Arabia conference site hacked with disturbing image of murdered journalist Jamal Khashoggi

    Hackers have hijacked the website of a major conference in Saudi Arabia and placed an image of the murdered journalist Jamal Khashoggi on its homepage. The conference, dubbed “Davos in the Desert”, is due to take place this week in Riyadh but has been overshadowed by the withdrawal of several high-profile attendees over the murder of the Saudi dissident. The second annual Future Investment Initiative conference has billed itself as “a blueprint for the 22nd century” that is bringing together “the world’s most visionary and influential leaders in business, government and civil society”.

  • Former General Electric vice chair on the company's futur...
    Business
    CNBC Videos

    Former General Electric vice chair on the company's futur...

    Beth Comstock, Nike board member and former vice chair of General Electric, weighs in on the future of General Electric under new CEO Larry Culp.

  • Why Pot Stocks Canopy Growth, Cronos Group, and Tilray Are Cratering Today
    Business
    Motley Fool

    Why Pot Stocks Canopy Growth, Cronos Group, and Tilray Are Cratering Today

    Canadian pot stocks are getting hit hard across the board today. As of 1:21 p.m. EDT, for example, shares of Canopy Growth Corporation (NYSE: CGC) and Cronos Group (NASDAQ: CRON) were both down by 11.2%, whereas Tilray's(NASDAQ: TLRY) stock had fallen by 14.4%. Canopy, Cronos, and Tilray all seem to be succumbing to a so-called "sell the news" event.

  • 2 Things to Watch When Ford Motor Company Reports Earnings
    Business
    Motley Fool

    2 Things to Watch When Ford Motor Company Reports Earnings

    Wall Street analysts expect Ford's earnings to fall from the third quarter of 2017. Ford has refreshed the Explorer twice since its 2011 debut, but its age is hurting Ford's pricing power. 1. How soon will Ford's new products arrive?

  • Why Did AMD Stock Fall 25% in the First 20 Days of October?
    Finance
    Market Realist

    Why Did AMD Stock Fall 25% in the First 20 Days of October?

    October Has Been Weak for AMD Stock: What's Ahead? (Continued from Prior Part) AMD stock reacts to the market sell-off This year has been slow for semiconductor stocks due to growing trade tensions between the United States and China. The stock

  • 5 Popular Marijuana Stocks I Wouldn't Buy With Free Money
    Business
    Motley Fool

    5 Popular Marijuana Stocks I Wouldn't Buy With Free Money

    Last week on Oct. 17, Canada lifted the curtain on nine decades of prohibition and legalized recreational marijuana for adults. Given the notable surge in pot stocks since the beginning of 2016, it's pretty evident that Wall Street and investors expect the industry to be a resounding success. With that being said, there are a handful of marijuana stocks -- some quite popular -- that I simply wouldn't buy, even if I were given free money to do so.

  • Meet What Could Be Advanced Micro Devices' Next Billion-Dollar Business
    Business
    Motley Fool

    Meet What Could Be Advanced Micro Devices' Next Billion-Dollar Business

    Advanced Micro Devices (NASDAQ: AMD) CEO Lisa Su said earlier this year that the company plans to achieve "mid-single-digit server unit share" by the end of 2018. The chipmaker's server chip market share crossed 1% at the end of the second quarter. Mercury Research estimates that AMD now commands 1.3% of the server market as compared to just 0.5% earlier.

  • Why AMD Stock Fell 11% on October 19
    Finance
    Market Realist

    Why AMD Stock Fell 11% on October 19

    Semiconductor (SMH) stock Advanced Micro Devices (AMD) fell 11.1% on October 19 to close trading at $23.66. New Street Research analyst Pierre Ferragu has a 12-month price target of $18 for AMD. Ferragu stated, “AMD’s stock price reflects a scenario we don’t believe possible.

  • Aurora Cannabis prepares for NYSE debut on Oct. 23
    Finance
    Yahoo Finance Canada

    Aurora Cannabis prepares for NYSE debut on Oct. 23

    One of Canada’s largest marijuana producers is gearing up for its big debut on the New York Stock Exchange on Tuesday, Oct. 23. Edmonton-based Aurora Cannabis will be the third major Canadian cannabis company to go public in the U.S., where marijuana is still an illegal substance in most states. Aurora will be following in the steps of Tilray, which became the first U.S. marijuana IPO in July, and Canopy Growth, which debuted in the U.S. markets in May.

  • Business
    Benzinga

    Lockheed Martin's Q3 Earnings Outlook

    On Tuesday, Oct. 23, Lockheed Martin Corporation (NYSE: LMT) will release its latest earnings report. Here is Benzinga's outlook for the company. Earnings and Revenue Based on management's projections, Lockheed Martin analysts model for earnings of $

  • Business
    CNBC

    Two tech stocks to buy and one to avoid heading into busiest week of earnings

    "Amazon AMZN , Google GOOGL , Microsoft MSFT — we like and own all of these, and one of the things that all three have in common is that they're huge players in cloud computing and that space is going to continue to see accelerating growth over the next several years," Tepper told CNBC's " Trading Nation " on Friday.

  • Investors Dumped Cannabis Stocks after Legalization Last Week
    Finance
    Market Realist

    Investors Dumped Cannabis Stocks after Legalization Last Week

    Cannabis Stocks Getting Dumped after Legalization? Cannabis sector Last week, the overall cannabis sector ended in negative territory. The Horizons Marijuana Life Sciences ETF (HMMJ) lost almost 5.4% of its value, while the Emerging Marijuana Growers

  • Which Canadian Marijuana Stock Will Enjoy a Bigger Bump From Its NYSE Listing -- Aphria or Aurora?
    Business
    Motley Fool

    Which Canadian Marijuana Stock Will Enjoy a Bigger Bump From Its NYSE Listing -- Aphria or Aurora?

    Maybe Wall Street should be called "Weed Street." Big Canadian marijuana grower Canopy Growth listed its stock on the New York Stock Exchange (NYSE) earlier this year. Aurora Cannabis (NASDAQOTH: ACBFF) begins trading on the NYSE on Tuesday, Oct. 23. Aphria (NASDAQOTH: APHQF) filed last week to list its stock on the NYSE.

  • This Warren Buffett Stock Is Dirt Cheap Right Now
    Business
    Motley Fool

    This Warren Buffett Stock Is Dirt Cheap Right Now

    Warren Buffett has amassed a large portfolio of bank stocks for Berkshire Hathaway (NYSE: BRK-A) (NYSE: BRK-B) with major holdings in Bank of America (NYSE: BAC), Wells Fargo (NYSE: WFC), and American Express (NYSE: AXP), just to name a few of the most well-known and largest investments. Synchrony is a major issuer of store-branded credit cards and also operates a rapidly growing online banking platform.

  • Suze Orman has a killer question for your retirement
    Business
    MarketWatch

    Suze Orman has a killer question for your retirement

    Suze Orman is one of those singular personalities in the financial business who seems to be right on the pulse of everyone she meets. She’s written books, starred in her own television show and made innumerable appearances in person. Like Oprah