1.82k followers • 15 symbols Watchlist by Yahoo Finance
This basket consists of stocks that serve the 18+ crowd, such as casinos, alcohol, tobacco, and strip clubs.
"As a combined company, Caesars and Eldorado will be America's preeminent gaming company," activist investor Carl Icahn said of the deal he helped reach fruition. "ERI has proven its ability to execute and VICI has positioned itself to continue growing, both of which are consistent with our theses," Jefferies analyst David Katz said.
Canopy Growth Corp. (CGC), the first cannabis company to list on the New York Stock Exchange and now with a $13.6 billion market value, is positioning itself to conquer the U.S. Now that Canopy is a leader in the Canadian market, “they are now using the $4 billion in cash they got due to Constellation to get a route to control in the world’s biggest market,” according to Jefferies analyst Owen Bennett, as outlined in a detailed story on the company's strategy in MarketWatch, as outlined below. To be sure, Canopy's strategy of sacrificing profits to invest heavily in growth is facing a major test. The challenge the company faces in executing in both the Canadian and U.S. markets is illustrated by its latest mixed quarterly earnings report.
has a five-year track record of solid revenue growth, improved margins, and strong profitability. More recently, though, the stock is getting pulled into the ongoing trade war between the United States and China. Earnings per share increased 51% in fiscal 2018 (May) to $16.79 per diluted share.
The beverage giant may be known as a reliable income stock, but here are a few better choices if you're looking for high yields.
Friday was a difficult day for cannabis companies after Canopy Growth Corp (NYSE: CGC )'s earnings report showed a quarter-over-quarter decline in Canadian recreational usage, CNBC's Jim Cramer said during ...
As of June 21, Altria was trading at a forward PE ratio of 11.1x—compared to 12.8x before its first-quarter earnings were announced. Altria posted its first-quarter earnings on April 25.
While Las Vegas Sands (LVS) has an edge over MGM Resorts (MGM) in terms of projected EPS, the latter has a better debt-to-asset ratio.
Scott Gottlieb’s comments might have led to a fall in Altria’s stock price on June 21. At the closing on June 21, the company was trading at $48.00—a fall of 4.5% from the previous day’s closing price.
(Bloomberg) -- Shares of PT Erajaya Swasembada, an Indonesian distributor of Apple Inc.’s iPhones and Samsung Electronics Co.’s smartphones, surged the most in more than a year after the company said it was close to a tie-up with electronic cigarette manufacturer Juul Labs Inc.Erajaya will soon announce details of the partnership with Juul, Budiarto Halim, president director, said by phone on Monday. “I’m currently bound by a non-disclosure agreement,” he said.Juul has signed an exclusive distribution deal with one of Erajaya’s units and will begin to retail e-cigarettes in greater Jakarta area, Java and Bali from the end of this month, Citigroup Inc. said in a report, without saying where it got the information. In the launch stage, the product will consist of Juul basic kit, charger and refill kits, analysts Vivi Lie and Ferry Wong wrote in the report.Juul’s device will have a one-year warranty and the roll-out will be supported by marketing campaigns on television, digital, billboards and print media, Citi said. Still, its impact on combustible cigarette market will be relatively limited and it is more likely Juul will attract vape users and non-smokers in urban areas, it said.Indonesia is one of the world’s largest markets for cigarettes and known for a variety of clove cigarettes it produces. The market is dominated by cigarette makers PT Hanjaya Mandala Sampoerna, a Philip Morris International Inc. unit, and PT Gudang Garam.Erajaya’s shares jumped 19%, the most since April 30, 2018, while its Indonesian counterpart PT Hanjaya Mandala Sampoerna fell 1.5%. The nation’s benchmark index Jakarta Composite Index closed 0.4% lower.(Updates share moves in final paragraph.)\--With assistance from Rieka Rahadiana.To contact the reporter on this story: Tassia Sipahutar in Jakarta at email@example.comTo contact the editors responsible for this story: Divya Balji at firstname.lastname@example.org, Thomas Kutty AbrahamFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
The 700+ hedge funds and famous money managers tracked by Insider Monkey have already compiled and submitted their 13F filings for the first quarter, which unveil their equity positions as of March 31. We went through these filings, fixed typos and other more significant errors and identified the changes in hedge fund portfolios. Our extensive […]
Earnings reports also from Walgreens and Nike, and economic data on consumer confidence, GDP, and more. And the G-20 meeting will cap off the week.
Look for Nike, Constellation Brands, and McCormick stocks to make big moves over the next few trading days in advance of earnings reports late in the week.
Investing.com - Market watchers will be looking ahead to a meeting between U.S. President Donald Trump and China's President Xi Jinping this week amid hopes for a thaw in trade relations, even if it alters expectations for Federal Reserve rate cuts.
The largest Insider Buys this week were for Lowe's Companies Inc., Energy Transfer LP, Occidental Petroleum Corp and MGM Resorts International
More than 4,000 people are seeking damages from MGM Resorts International related to the Las Vegas Strip mass shooting that left 58 people dead, the casino giant said in a lawsuit alleging its insurance company has failed to pay promised legal costs.
fell Friday after a former Food and Drug Administration commissioner expressed doubts about whether e-cigarette producer Juul would see the agency clear its products for continued sale. Richmond, Va.-based Altria holds 35% of Juul, the San Francisco producer of e-cigarettes, which contain a battery, heating element and a nicotine-infused liquid. "Juul is in a hard spot to ever get their product approved," Scott Gottlieb told CNBC's "Squawk Box" in an interview.
The $2.6 billion Encore Boston Harbor opens Sunday in Everett. Here's your sneak peek at the 3 million-square-foot gambling resort.
(Bloomberg) -- The former commissioner of the Food and Drug Administration said he thinks Juul Labs Inc. will have a difficult time getting its e-cigarette approved under rules that will eventually force makers of the devices to go through government review to keep selling to consumers.“Juul is going to be in a hard spot to ever get their product approved,” ex-Commissioner Scott Gottlieb, who stepped down from leading the agency earlier this year, said on CNBC Friday.Altria Group Inc., which sells Marlboro cigarettes, bought a $12.8 billion stake in Juul last year. Shares of the tobacco company closed down 4.5% to $48 in New York, the lowest closing price since Jan. 30.During his two-year tenure atop the FDA, Gottlieb initially took a cautious approach toward strictly regulating e-cigarettes, seeing them as a tool to help adult smokers quit. He evolved into a harsh critic, calling youth use an “epidemic” and said that Juul and other e-cigarettes had attracted previous nonsmokers.To respond to a lawsuit claiming the agency failed to sufficiently regulate the products, the FDA has proposed giving manufacturers 10 months to submit applications to keep selling the nicotine devices.Juul said it's working on its application to the FDA, which will include information on how the product can help existing smokers stop using cigarettes. ``We are confident adult smokers will not be left without a viable alternative to combustible cigarettes,'' said Juul spokesman Matt David.Juul is popular with many young and underage people, and public health advocates have said that the company specifically targeted younger users. The company has pulled back on some marketing activities and has taken steps to make sure its product reaches only people of appropriate age. Juul’s website says that “We don’t want anyone who doesn’t smoke, or already use nicotine, to use Juul products.”“We remain confident that Juul can successfully navigate the PMTA process,” Altria spokesman Steven Callahan said in an emailed statement. PMTA refers to the FDA’s premarket tobacco application rules. A federal judge said last month the FDA must speed up its implementation of the rules, though hasn’t made a final ruling on the agency’s proposal.A spokesman for the FDA didn’t immediately provide a comment.Government health officials are also researching the use of Juul as part of a regular survey that gauges youth tobacco use. The data they collect could have an impact on the likely review of the devices.“If we see a further increase in overall use, and respondents report to using Juul mostly, then we think whatever Juul says, and whatever actions they point to that they have implemented, it won’t matter,” Ryan Tomkins, a stock analyst with Jefferies, said in a note to clients Friday.(Adds Juul statement in sixth paragraph)\--With assistance from Janet Freund, Tiffany Kary and Anna Edney.To contact the reporter on this story: Drew Armstrong in New York at email@example.comTo contact the editors responsible for this story: Drew Armstrong at firstname.lastname@example.org, Timothy AnnettFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.