|Bid||0.00 x 1100|
|Ask||0.00 x 800|
|Day's Range||32.03 - 32.69|
|52 Week Range||26.19 - 47.79|
|Beta (3Y Monthly)||-0.33|
|PE Ratio (TTM)||20.90|
|Earnings Date||Apr 23, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||33.62|
Over the past few months, Twitter CEO Jack Dorsey has been adamant that one of his goals is to " increase the health of public conversation " on the site. Because it's no secret that, as great as Twitter is at connecting you with people across the world, it's also great at connecting you with bots, trolls and spam. Unsurprisingly, Twitter wants to change that. And it's hoping to find a solution by publicly testing new conversation features , through an experimental program that users can apply to participate in . This launched last week as an app called Twttr , which I've been using as my main tool for reading and writing tweets for the past week.
Votes will be cast Sunday in a contest pitting backers of the military and royalist establishment against supporters of exiled former leader Thaksin Shinawatra. A party linked to Thaksin already made waves after being dissolved for nominating Princess Ubolratana Rajakanya as its prime ministerial candidate. This party put forward Thailand’s first transgender prime ministerial candidate, Pauline Ngarmpring.
U.S. stock futures are trading lower as investors continue digesting yesterday's Federal Reserve announcement. As expected, the central bank held the benchmark funds rate steady at 2.25% to 2.5%, while suggesting additional rate hikes are officially off the table for 2019.Additionally, the Fed lowered its GDP growth and inflation forecasts.Against this backdrop, futures on the Dow Jones Industrial Average and S&P 500 are both down 0.34%. Nasdaq-100 futures have shed 0.39%.InvestorPlace - Stock Market News, Stock Advice & Trading TipsIn the options pits, the margin between call and put volume narrowed as uncertainty surrounding the Fed drummed up demand for protection. Specifically, about 18 million calls and 17 million puts changed hands on the session.However, the put push didn't translate over to the CBOE, where the single-session equity put/call volume ratio held steady at 0.58. Meanwhile, the 10-day moving average fell to 0.62.Options activity was a mixed bag on Wednesday. Canopy Growth (NYSE:CGC) saw a surge in call trading while trying to break free of its six-week triangle pattern. Bank of America (NYSE:BAC) suffered amid the post-Fed carnage in interest rates. Finally, Netflix (NASDAQ:NFLX) scored a high-volume breakout.Let's take a closer look: Canopy Growth (CGC)Canopy Growth shares have been uncharacteristically sleepy of late. But the nap is about to end. So says Wednesday's high-volume breakout attempt, which ultimately failed in the aftermath of the Fed meeting. All eyes will be on the pot stock today to see if the second time is a charm. * 10 Stocks on the Rise Heading Into the Second Quarter The symmetrical triangle pattern forming in CGC over the past six weeks is ripped from a textbook. With the apex of the coiled spring pattern fast approaching, a big-league breakout is imminent. And if volume patterns have their way, the resolution should happen higher.With implied volatility at the lower-end of its one-year range, long premium plays like buying calls or bull call spreads are an attractive way to game a potential rally.Indeed, the mad dash for calls has already begun. Yesterday's activity roared to 235% of the average daily volume, with 107,380 total contracts traded. Put demand fell by the wayside as calls accounted for 84% of the day's total. Bank of America (BAC)Bank stocks took it on the chin following the Fed announcement. With Jerome Powell indicating zero additional rate hikes planned for 2019 and downgrading the Fed's growth expectations, bond prices ripped while bank stocks dipped. Bank of America led the way lower with a nasty 3.4% selloff.Elevated volume accompanied the descent, suggesting this was an institutionally driven exodus. The groundswell in participation adds urgency to the bearish signal. With major resistance at $30 holding firm and the banking sector ousted to the doghouse, I suggest steering clear of BAC stock for now.On the options trading front, calls won the day despite the beatdown. Activity ramped to 169% of the average daily volume, with 363,363 total contracts traded. 68% of the take came from call options.The high uncertainty lifted implied volatility to 24% which, incidentally, places it at the 24th percentile of its one-year range. Premiums are now pricing in daily moves of 43 cents or 1.5%. Netflix (NFLX)Netflix scoffed at the post-Fed swoon and blasted to a new five-month high amid heavy accumulation. Only one more hurdle remains before the media giant returns to its 2019 peak and record high of $423.21 - the clear ceiling at $385.With two months of sideways congestion, Netflix is well-rested and has plenty of gas in the tank to see follow-through after yesterday's pop.On the options trading front, calls easily won the contest. Total activity jumped to 155% of the average daily volume, with 235,435 total contracts traded. 67% of the trading came from call options alone.The increased demand drove implied volatility higher on the day to 50%, which also places it at the 50th percentile of its one-year range. That means premiums are officially pumped and short option strategies are now attractive. Bull put spreads are my strategy of choice here.As of this writing, Tyler Craig didn't hold a position in any of the aforementioned securities. Check out his recently released Bear Market Survival Guide to learn how to defend your portfolio against market volatility. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Specialty Retail ETFs to Buy the Industry's Disruption * 5 Stocks To Buy for the Happiest Employees * 3 Out-of-Favor Consumer Stocks to Buy Compare Brokers The post Thursday's Vital Data: Canopy Growth Corp, Bank of America and Twitter appeared first on InvestorPlace.
Each day, Benzinga takes a look back at a notable market-related moment that occurred on this date. What Happened? The Dow finished the day at 11,235.47. Today, the Dow is trading at 24,610.91 and the S&P 500 is trading at 2,712.92. What Else Was Going On In The World?
Investors in social media stocks are shifting their positions in a way that seemed unlikely just six months ago: They're buying up Snap Inc (NYSE:SNAP) stock and selling Facebook (NASDAQ:FB) and Twitter (NYSE:TWTR) shares.Source: Shutterstock Even as Facebook trades at a substantially better price-to-earnings ratio than Snap stock, SNAP earned some respect from the markets.In its fourth-quarter earnings report posted last month, Snap reported better user activity numbers. If the chat app is returning to growth, markets must bid its shares higher.InvestorPlace - Stock Market News, Stock Advice & Trading Tips SNAP Stock: Smaller Losses in Q4Snap reported Q4 numbers on Feb. 5 that triggered a rally in its shares. Revenue rose to a record $390 million, up 36% from last year. Its loss shrunk to $195 million. Meanwhile, its EBITDA loss was just $50 million, with the sharp improvement suggesting the company will soon swing to a profit. Odds are on the high side that profits will come as early as sometime this year. In addition to the more positive earnings report, Snap released a new version of its Android application to a small percentage of its community.On the Apple (NASDAQ:AAPL) side, DAU (daily active users) did not grow from last year's levels, stuck at 186 million; however, iOS DAU numbers did grow, plus average time spent grew.It's also important to consider that iOS revenue generation from users is typically higher than that of the Android user base. The combination of higher usage on iOS and a refresh on Android could lead to an even bigger reach for Snap Inc in the U.S. The company reached over 70% of Americans aged 13 to 34 years old with premium mobile video ads on a monthly basis.Another impressive figure is that 70% of its audience use or view Lenses daily. The 700 million times that Lenses was used on New Year's Eve is an impressive achievement for Snap. Seasonally, investors might anticipate such activity falling until the next holiday season which is another three quarters away. Product InnovationSnap's Android application update will cut the time it takes to open the app by 20%. Even after strong Lenses usage, Snap expanded its AR platform through Snap Camera. People may use Lenses on their phone to stream or create the video on desktop or laptop computers. The strong uptake of 300,000 Lenses created in 2018 gives the company a fresh source of content. These videos already brought in 35 billion views. Investors should confidently expect this user activity growing in 2019. Expect Solid Ad RevenueThe days of ad-free videos on Alphabet's (NASDAQ:GOOG, NASDAQ:GOOGL) YouTube are long gone. But this familiarity with ads has allowed Snap to introduce commercials that are six seconds and cannot be skipped. Through its Premium Content Targeting tool, Snap empowers advertisers to easily buy ad space on the app.Yet another strong number is the Snap Pixel that brought in 600 million purchase events in Q4, more than double from the previous quarter. Bottom Line on SNAP StockSnap's revenue forecast of $285 million - $310 million, up 24%-34% from last year, should give short-sellers a scare. Short float is 12.7%, but SNAP bears could keep getting squeezed as the company heads toward profitability. Adjusted EBITDA will be as high as a loss of $140 million, compared to a loss of $218 million in Q1/2018.Another recent bullish perk is that BTIG, which has never ranked SNAP stock with a BUY rating, changed its stance last week. With a 50% success rate on the stock and an average profit of ~22% on the stock, analyst Richard Greenfield believes SNAP is undervalued by 37%. Even at $15 a share, the stock would return to prices not seen since April 2018. To get back to that level, Snap will need to get back users who left for Facebook's (NASDAQ: FB) Instagram.In the future, advertisers, who now have a self-service infrastructure on its advertising platform to work in, may continue to allocate more of their budget on Snap over Facebook. As Facebook consolidates its platforms -- Facebook, Facebook Messenger, WhatsApp, and Instagram -- and tightens down on security/privacy, companies may post more ads on Snap this year.Ultimately, the short-squeeze on SNAP stock could come to an end after the stock rose from $4.82 at the start of the year to a close at $11 recently. Another strong quarterly report (due in May 2019) would re-establish confidence in Snap's growth prospects. From there, SNAP stock could trade back at the $13 - $15 level.As of this writing, Chris Lau did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Invincible Stocks Leading The Bull Market Higher * 5 Dow Jones Stocks Coming to Life * 7 of the Best High-Yield Funds for 2019 and Beyond Compare Brokers The post Snap Stock Will Make a Strong Recovery Sooner Than You Think appeared first on InvestorPlace.
Today was shaping up to be a bone-crushing session on Wall Street, Jim Cramer told his Mad Money viewers Wednesday. Without one, it will be a lot harder to own sectors like the industrials that need a strong global economy. Cramer explained that President Trump is taking a page from the Ronald Reagan playbook with Russia, "trust, but verify." The Chinese have a long history of not abiding by what they agree to, he said, which was evident most recently in the South China Sea.
Apart from the political implications of this election, the most important fact is that this event is likely to become the most-expensive election worldwide.
Just hours after firefighting crews extinguished the 3 1/2-day blaze, Intercontinental Terminals Co. said some of the tanks at its Deer Park, Texas, complex that escaped the flames probably suffered heat damage and might be demolished. Intercontinental is owned by Japan’s Mitsui & Co.
The European Commission requires “more systematic information” from platforms to check the placement of advertisements and “to better understand the effectiveness of the actions taken against bots and fake accounts,” it said in a statement on Wednesday. “We encourage online platforms to work with researchers and fact-checkers on access to live information on public pages, streams and other services, as well as on data on inauthentic accounts they have identified and removed,” EU Commissioners Julian King, Vera Jourova, Mariya Gabriel, and Andrus Ansip said in a joint statement. Twitter, along with Facebook and Alphabet Inc.’s Google, signed a code of conduct in September pledging to fight disinformation online in Europe.
WASHINGTON—The head of the House Homeland Security Committee asked four technology companies to attend a closed-door briefing next week on their efforts to prevent violent videos from being disseminated in the wake of last week’s mass shooting in New Zealand. Representatives for Microsoft and Facebook said the companies planned to brief the committee as requested but didn’t commit to which executives they would send.
WASHINGTON (AP) — President Donald Trump directed his ire Tuesday at the nation's major social media companies, claiming they're biased against Republicans and attacking them with the same gusto he uses for much of the rest of the media world.
Legal marijuana is on the brink of explosive growth. But there are two key hurdles to overcome… and marijuana REITs like Innovative Industrial Properties (NYSE:IIPR) are solving them both.For growers, it's not easy to produce high-grade marijuana. Nor is it cheap -- and getting that funding is tricky. Until the U.S. government removes marijuana from its list of Schedule I drugs -- the ones considered most dangerous, like heroin -- most banks want no part of it. (No matter how bright the future looks.)For investors, the options have been limited, as that Schedule I label prohibits most U.S. companies from listing on the NYSE or NASDAQ.InvestorPlace - Stock Market News, Stock Advice & Trading TipsNotice I said "most."IIPR stock is one of the few. Why can it list on those major stock exchanges? Because it never actually touches the plant. This is one of the smartest ways to invest in the exploding marijuana industry while it is still technically illegal federally. * Top 7 Service Sector Stocks That Will Pay You to Own Them Like all marijuana REITs, Innovative Industrial Properties simply plays landlord to the growers. Here's how it works: IIPR buys freestanding properties from medical marijuana growers licensed by their respective states. It then leases the properties back to the growers. This gives those growers an infusion of capital to expand their operations and increase production. In return, the REIT receives regular rent payments under a long-term lease.Pretty slick, huh? Wall Street is certainly taking notice:Institutional investors now hold 59% of IIPR stock. Big players like Vanguard, Blackrock, and Wellington were largely the ones to cash in when shares hit a new 52-week high on the company's March earnings report.But marijuana REITs are also popular among investors like you and me -- because of their unique business model, as well as their dividends.Take a look at Innovative Industrial Properties' earnings and you'll see its rental income is growing exponentially. Then, because of the REIT structure, at least 90% of that gets passed along to shareholders. Innovative Industrial Properties paid a $0.35 dividend in Q4 -- 40% higher than the previous year -- and it's already announced another dividend hike in Q1, to $0.45. That makes for a nice forward yield of over 2%. (This is even after the price of the stock nearly doubled since December.)IIPR is a great stock, and now everybody is finding that out.But I like to invest way BEFORE everyone jumps on board. Getting in before the crowd is how you make the big money. And that stock is up over 160% since I recommended it to my Investment Opportunities readers last August.Back in college, I bought a brand-new apparel stock called True Religion for $0.20 -- then it popped up above $20.That's actually what set me on my journey to New York City… my career with Charles Schwab, then my own firm, Penn Financial Group… and nowadays my newsletters, including Investment Opportunities.I got people into Intuitive Surgical (NASDAQ:ISRG) at $10. Now it's over $550. We saw GrubHub (NYSE:GRUB) go from $35 to $140.I like to wait a couple of months after the IPO before investing, to avoid early volatility. That's what I advised for Facebook (NASDAQ:FB), which did in fact make an early stumble before it went into the stratosphere. (I'm still waiting for Twitter (NYSE:TWTR) to "show us the money.")And now, I've got my eye on a company called Treehouse. The Next IIPR?Treehouse is one of the marijuana REITs I think you should put on your radar. It's an up-and-comer, and this one focuses on retail, in addition to cultivation facilities.On Monday, Treehouse announced that it had raised $45.5 million in a private deal. (And that was from a "federally-insured commercial bank" -- a great example of how marijuana REITs can break that funding barrier.) That's after the REIT raised $133 million in its spinoff from MedMen Enterprises (OTCMKTS:MMNFF) in January.Treehouse is looking to expand its lineup of cannabis retail and industrial facilities…… and I also think it's headed toward an IPO.That's right. Treehouse is still privately held, but maybe not for long.Large amounts of private fundraising tend to indicate a company is building toward its "exit" in the form of a public offering. One study from PitchBook found that venture capital-backed companies were raising an average of $108 million before an IPO.If the rumors start flying and you hear about Treehouse on TV, well… you heard it here first. I'll definitely be keeping an eye on this REIT -- and so should you.Now, don't get me wrong:If Treehouse goes public, it wouldn't necessarily be an automatic buy. There's some homework to do first: make sure the fundamentals back up the hype. And the timing has to be right.That's all part of my Cannabis Cash Calendar system, which I designed specifically for marijuana IPOs. The early results are impressive, if I do say so myself, including an 80% gainer in less than four months.I already have the date circled for my next recommendation -- just two weeks away, on April 4.You can get exclusive access to it as soon as it's released to my Investment Opportunities readers. Click here to learn more about this opportunity and how to get on the list to be notified.Even if you don't know a thing about the marijuana markets… even if you've never bought a stock before. You could take just a small stake, and potentially multiply that over the next 12 months. Click here for more on this incredible trend.Matthew McCall is the founder and president of Penn Financial Group, an investment advisory firm, as well as the editor of Investment Opportunities and Early Stage Investor. He has dedicated his career to getting investors into the world's biggest, most revolutionary trends BEFORE anyone else. The power of being "first" gave Matt's readers the chance to bank +2,438% in Stamps.com (STMP), +1,523% in Ulta Beauty (ULTA), +1,044% in Tesla (TSLA), +611% in Liquefied Natural Gas Limited (LNGLY), +324% in Bitcoin Services (BTSC), just to name a few. If you're interested in making triple-digit gains from the world's biggest investment trends BEFORE anyone else, click here to learn more about Matt McCall and his investments strategy today. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Financial Stocks to Invest In Today * 7 Single-Digit P/E Stocks With Massive Upside * 5 Chip Stocks on the Rise Compare Brokers The post Why Marijuana REITs Are One of the Best Investments Today appeared first on InvestorPlace.
House Homeland Security Chairman Bennie Thompson wrote to the CEOs of Facebook, YouTube, Twitter and Microsoft requesting a briefing.
The GOP congressman, who accuses the microblogging service of defamation, is seeking $250 million in damages.
Learn why Facebook, Twitter, and Instagram each appeal to different target markets of users of social networks worldwide.
Why Trump Thinks Facebook, Google, and Twitter Are Against HimTrump versus the mediaThis morning in a tweet, President Donald Trump continued his fight with the media, branding it “the Corrupt Media.” This time he also attacked US tech giants
Facebook Stock Hit by Analyst's DowngradeFacebook’s stock movementFacebook (FB) stock fell 3.3% yesterday after Needham analyst Laura Martin downgraded the stock due to various issues, including executive departures, privacy, and regulatory
Tesla price hike delayed news is good for anyone still wanting to pick up one of the electric vehicles.Source: Shutterstock The announcement about the Tesla (NASDAQ:TSLA) price hike being delayed comes directly from the company itself. It says that there were an unusually high number of orders on Monday night that it was unable to process.The Tesla price hike delayed news means that customers wills till be able to order one of the electric vehicles before prices increase. However, the extension on the current prices won't be lasting much longer.InvestorPlace - Stock Market News, Stock Advice & Trading TipsAccording to Tesla, it plans to no introduce the higher prices for its vehicles starting at midnight on Wednesday. That gives customers just one more chance to get the electric vehicles cheaper before the price hike goes into effect. * Top 7 Service Sector Stocks That Will Pay You to Own Them Here's the official Tweet from the company concerning the Tesla price hike delayed news."Due to unusually high volume, Tesla was unable to process all orders by midnight on Monday, so the slight price rise on vehicles is postponed to midnight Wednesday"The following are some comments from Twitter (NYSE:TWTR) users about the delay. * "But I thought demand was dwindling? That's what the bashing shorts were saying…" * "I consider this a good problem." * "I would call this a penny stock tactic but I've seen a lot more class from penny stocks."TSLA stock was up slightly as of Tuesday afternoon. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Financial Stocks to Invest In Today * 7 Single-Digit P/E Stocks With Massive Upside * 5 Chip Stocks on the Rise As of this writing, William White did not hold a position in any of the aforementioned securities.Compare Brokers The post Tesla Price Hike Delayed … for One Day appeared first on InvestorPlace.
To prevent its own Cambridge Analytica moment and make sure it's getting paidfor its data, Twitter will audit developers using its APIs
Fox News senior judicial analyst Judge Andrew Napolitano discusses Rep. Devin Nunes’ (R-Calif.) $250 million lawsuit against Twitter, accusing the social media platform of “shadow banning” conservatives.
Yahoo Finance's Zack Guzman and Sibile Marcellus are joined by Gaby Dunn, ‘Bad With Money’ author, to discuss Rep. Nunes's lawsuit against Twitter.
Cybersecurity and privacy attorney Leeza Garber and Fox News contributor Deroy Murdock on Rep. Devin Nunes’ (R-Calif.) $250 million lawsuit against Twitter.