This Bill Could Soon End the Federal Ban on Cannabis
Cannabis stocks went down in flames in recent weeks. Poor earnings. A disappointing rollout of legal cannabis in Canada, severe cash crunches, and the vaping controversy haven’t helped much. Cannabis producers are burning through cash. Sales growth has so...
Target Hits the Bulls-Eye With Latest Earnings Report
The company’s third-quarter earnings and full-year guidance beat investor expectations. The pressure was on for Target this week as it prepared to deliver its third-quarter earnings report. Walmart managed to exceed Wall Street expectations with its recent earnings...
Why Vanguard’s Chief Economist is Not So Bullish on the U.S Economy
Goldman Sachs sees a pickup in economic growth in 2020. In fact, analysts see GDP growing to 2.3% early in the year, averaging 2.1% for the full year. All based on lower interest rates, tariffs, and inventory cycle recovery. “We believe that tariffs on imports from...
Aurora Cannabis Stock Hits All-Time Low After Massive Earnings Miss
Aurora Cannabis stock dropped for a third consecutive day. Shares of Aurora Cannabis fell to a new all-time low after the company released a disappointing earnings report last week. During the fiscal first quarter, the company’s revenue fell by 24%. Its wholesale...
The Most Active Stocks for Tuesday, November 19, 2019
Markets are up this morning, even with a big decline in Home Depot (HD). The company just reported quarterly revenue and same-store sales growth that were below estimates. It also just warned about full-year sales and comps guidance. EPS of $2.53 was...
These Top Catalysts Will Drive Economic Growth in 2020
Goldman Sachs sees a pickup in economic growth in 2020. Analysts see GDP growing to 2.3% early in the year, averaging 2.1% for the full year. All based on lower interest rates, tariffs, and inventory cycle recovery, as highlighted by Yahoo Finance. Analysts believe...
BUSINESS
Software Platform Company Dynatrace Files for Initial Public Offering With NYSE Stock Listing
Dynatrace, a software intelligence platform company that's owned by private-equity firm Thoma Bravo, filed a prospectus with US regulators for an initial public offering on Friday. The Waltham, Mass.-based company didn't say how many shares it would offer, or outline...
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Amazon Reportedly Seeks FCC Permission to Launch 3,236 Satellites for Broadband Services Project
Amazon (AMZN) has filed a request to the US Federal Communications Commission seeking permission to launch 3,236 communications satellites, media reports said Friday, citing a July 4 filing. The request is for the company's Kuiper project, which is focused on offering...
T-Mobile US May Auction Boost if Deal with Dish Falls Through
T-Mobile US (TMUS) is preparing an alternative plan if a deal to sell wireless assets to Dish Network (DISH) falls through, according to Reuters, citing sources familiar with the situation. Its investment bank, Goldman Sachs, reportedly has told prospective buyers as...
Bank of Japan Keep Rates Steady, Cites Global Economic Risks
Bank of Japan (BOJ), the country's central bank, kept its much-watched benchmark rate unchanged at a negative level during a policy meeting, but cited growing risks that threaten the global economy. In a decision published on the BOJ website Thursday, majority of the...
JD.com, Alibaba Group Note Record Sales During Mid-Year Shopping Festival
e-Commerce platform JD.com (JD) registered CNY201.5 billion ($31.53 billion) worth of orders during the annual online 6.18 Mid-Year Shopping Festival, marking a year-over-year rise of 26.6%, Caixin Global reported. Separately, JD's peer, Alibaba Group (BABA), said in...
MORE NEWS
ISIS Leader Baghdadi Dead in Latest U.S. Raid
So much for those tough-talking terrorists. Over the weekend, President Trump announced that ISIS leader Abu Bakr al-Baghdadi was killed in raids raid in Syria. All as the former terror leader was “whimpering and crying and screaming all the way,” as noted by...
3 Things to Pay Attention to When Netflix Releases Its Q3 Earnings
The company’s shares are down 25% since July. Earnings season kicks off this week, and Wall Street has been waiting with bated breath to see what Netflix will report. The company releases its third-quarter earnings on Oct. 15, and many analysts are anticipating...
Slack’s Active Users Grow 37% From a Year Earlier
Slack’s shares rose 5% after the company announced it has over 12 million active users. In June, Slack Technologies went public, and there was a lot of excitement from Wall Street. And while the stock did hit a downturn in September, for the most part, analysts have...
Will The SnapChat Turnaround Story Continue? 3 Things to Know
SnapChat managed to turn things around in 2019, but will the momentum continue? SnapChat has been one of the most exciting stocks to watch this year. The company’s shares are up 164% year to date, and the company’s recent earnings report showed that its subscriber...
Amazon Reportedly Seeks FCC Permission to Launch 3,236 Satellites for Broadband Services Project
Amazon (AMZN) has filed a request to the US Federal Communications Commission seeking permission to launch 3,236 communications satellites, media reports said Friday, citing a July 4 filing. The request is for the company's Kuiper project, which is focused on offering...
Electronic Arts Shares Down 4.8% as Apex Legends Season 2 Fails to Draw Twitch Viewership
Electronic Arts (EA) shares were down over 4.8% on Friday afternoon after initial viewership numbers for Season 2 of multiplayer battle royale shooter Apex Legends fell short of expectations. Apex Legends Season 2 was released on Tuesday, but it has so far failed to...
Nike Set to Drive Revenue Growth Into Fiscal 2020 as Canaccord Sees Strong Product Pipeline
Nike (NKE) has several ways to drive revenue growth in fiscal 2020 and beyond with a strong pipeline of products and new technology and marketing for some of its brands, while supplier data is showing growing demand, Canaccord Genuity said on Wednesday. The...
TRENDING
The Most Active Stocks for Wednesday, November 20, 2019
Shares of Target (TGT) are up nearly 12% on the day after crushing earnings and raising its full-year 2019 forecast. CEO Brian Cornell said the results are “further proof of the durability” of Target’s investment strategy, as the retailer has an “unmatched suite of...
This Bill Could Soon End the Federal Ban on Cannabis
Cannabis stocks went down in flames in recent weeks. Poor earnings. A disappointing rollout of legal cannabis in Canada, severe cash crunches, and the vaping controversy haven’t helped much. Cannabis producers are burning through cash. Sales growth has so...