58.28 0.00 (0.00%)
After hours: 5:09PM EST
|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||58.01 - 58.44|
|52 Week Range||52.17 - 58.47|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.14%|
In the previous part of this series, we saw how the legalization of recreational marijuana could create related business opportunities. In this part, we’ll discuss the potential upside of recreational marijuana for a country like Canada. According to Deloitte, recreational marijuana alone could be a $5 billion industry initially, and it could go as high as $8.7 billion.
Stocks had a huge day, sending the major indexes to new records. Shares of Juno Therapeutics soared following a buyout report, and Ford slumped on disappointing guidance.
Target (TGT) stock was trading at a forward PE (price-to-earnings) ratio of 14.8x on January 9, 2018, which seems compelling when compared to the peer group average of 24.5x. Target stock is trading at a discount compared to the Consumer Staples Select Sector SPDR ETF’s (XLP) forward PE (price-to-earnings) multiple of 21.2x and the S&P 500 Index’s (SPX) forward PE multiple of 19.5x. Walmart (WMT) and Costco (COST) stock are trading at forward PE multiples of 21.5x and 27.5x, respectively.
New orders for consumer goods and materials give investors an insight into the demand for goods and form an important constituent of the Conference Board LEI (Leading Economic Index). Changes to…
Wells Fargo's Bonnie Herzog and her team take a look at consumer staples, which had an uninspiring 2017, writing that this year might be better for the group. First, lower corporate taxes should lead to accelerating earnings and free cash flow, leading her to increase her fiscal 2018 and 2019 EPS estimates across her coverage by an average of 10%. Third, she writes that consumer staples will benefit from a more favorable macro environment, as consumer confidence remains strong and modestly accelerating GDP.
The consumer staples sector is going to leave investors wanting more when 2017 ends. Just look at the Consumer Staples Select Sector SPDR (NYSE: XLP ). XLP, the largest consumer staples exchange traded ...
While plenty of people may choose to ring in the New Year with some bubbly, California residents may choose to legally toke their way into 2018. The move lends "legitimacy to the increased normalization of cannabis," writes Cowen & Co.'s Vivien Azer and her team. And while that may be good news for pot enthusiasts, it could come at the expense of other vices, they warn, especially alcohol. Azer writes that alcohol use has been trending down this year, in California and other states, as millennials use more marijuana.
A sinful new exchange traded fund is here. The AdvisorShares Vice ETF (NASDAQ: ACT ), which is dedicated to so called sin or vice stocks, debuted earlier this week. The actively managed ACT is managed ...
In the latest sign investors are renewing their affinity for defensive sectors, some consumer staples exchange traded funds are seeing significant inflows this month. For example, the Consumer Staples ...
The number of new orders for October increased from a downward revised September reading of 136,014 to 136,268.
Alan Valdes, director of floor operations at Silverbear Capital, joins Yahoo Finance's Seana Smith from the floor of the New York Stock Exchange to discuss the latest market action.
Alan Valdes, director of floor operations for Silverbear Capital, joins Yahoo Finance's Seana Smith from the floor of the New York Stock Exchange to discuss Federal Reserve Chair Janet Yellen's press conference following the Fed announcement.