Stock Market

For years now, Aurora Cannabis (ACB) and Canopy Growth (CGC) have traded in near lockstep based on the global growth potential of cannabis. The latest quarterly results set Aurora Cannabis a step ahead of their prime competitor in Canada. Aurora Cannabis reported an exceptional turnaround quarter for March, but the stock has taken a hit

The Slack Technologies application is displayed on an Apple iPhone in an arranged photograph taken in Arlington, Virginia, on Monday, April 29, 2019. Andrew Harrer | Bloomberg | Getty Images Check out the companies making headlines midday Friday: Slack — Shares of Slack Technologies dipped nearly 2% after Goldman Sachs downgraded the business messaging service to sell

After breaking 3,200 earlier this month, and dropping back to 3,000, the S&P 500 is testing upper resistance levels again. Against this backdrop, investors will need to crunch the numbers, to find the stocks that are best positioned for current conditions. The TipRanks Smart Score has already done the footwork, however, collecting data on thousands

The New York Stock Exchange (NYSE) stands in lower Manhattan on May 18, 2020 in New York City. Markets surged today as promising details of a potential COVID-19 vaccine were released and more European countries gradually re-opened after months of lockdown. Spencer Platt | Getty Images The stock market, so eager to put the entire

by Lance Roberts There was a good bit of excitement on Tuesday with the release of the retail sales report, which came in stronger than expectations. However, the bounce will be difficult to maintain as tapped out consumers face high unemployment and a slow recovery. As we have discussed many times previously, the consumer is

Canadian Prime Minister Justin Trudeau has revealed that the government has been working with Canadian tech giants Shopify (SHOP) and BlackBerry (BB) on a contact-tracing Covid-19 app to be launched early July. “It will be up to individual Canadians to decide whether to download the app or not, but the app will be most effective

29.2 million people still claim unemployment insurance, gig workers 1/3 of total. Some states still not processing claims under federal programs. My “Reasonable Approximation” for the Unemployment Rate. By Wolf Richter for WOLF STREET. The unemployment crisis – by far the worst since this type of data has been tracked – stopped getting worse in May and has lessened

2020 may have witnessed skyrocketing rallies for some biotechs, but it most certainly hasn’t been kind to Amarin (AMRN). Shares are down by a gut wrenching 68% since the turn of the year. The one-trick pony – Amarin has a single product, high triglycerides treatment Vascepa – has faced strong headwinds from several directions. In

by Michael Snyder It is time to admit the truth.  Throughout my entire lifetime, Republican presidential candidates have promised us that if we help get them elected they will move the Supreme Court in a more conservative direction.  But it hasn’t happened.  A Republican has been in the White House for 31 of the last

Guests look over pistols in the Smith & Wesson booth at the 148th NRA Annual Meetings & Exhibits on April 27, 2019 in Indianapolis, Indiana. Scott Olson | Getty Images Check out the companies making headlines after the bell. Hertz — The car rental company’s stock fell about 2% in extended trading after the bankrupt

As we approach the halfway line for 2020, to say that mRNA specialist Moderna (MRNA) has outperformed is an understatement, with it adding 230% to the share price. Will history remember Moderna as the company that provided the coveted COVID-19 vaccine? Way too early to tell, but you could argue that, with the way things

by bgregory98 I made this visualization using R 3.6.1 and ggplot with COVID-19 case count data from the New York Times (nytimes/covid-19-data). States are sorted from top to bottom by the date that the weekly average of daily new cases peaked. These growth rates were normalized across the states for the sake of the visualization.

Take a look at some of the biggest movers in the premarket: Kroger (KR) – The supermarket chain reported quarterly earnings of $1.22 per share, beating the consensus estimate of $1.09 a share, with revenue above estimates as well. Kroger said it expects to exceed the outlook it issued April 1. Carnival (CCL) – The

Australia’s antitrust authority is raising competition concerns about Google’s (GOOGL) planned $2.1 billion acquisition of fitness hardware-maker Fitbit (FIT). The Australian Competition and Consumer Commission (ACCC) is concerned that a deal could potentially impede on competition in health and online advertising markets. Back in November Google announced that it had entered into an agreement to buy

Take a look at some of the biggest movers in the premarket: Oracle (ORCL) – Oracle reported quarterly profit of $1.20 per share, 5 cents a share above estimates. The business software giant’s revenue came in below forecasts as key customers in markets like retail and hospitality postponed spending amid the Covid-19 pandemic. Norwegian Cruise

By Wolf Richter for WOLF STREET. Demand for gasoline collapsed in a stunning and historic manner, starting in mid-March when the measures to slow down the spread of the pandemic took effect, when working from home became the new thing, and when millions of people lost their jobs on a weekly basis and stopped driving to work. Gasoline

Some good news just came Apple’s (AAPL) way. According to Wedbush analyst Daniel Ives, there finally appears to be some clarity regarding the highly anticipated launch of Apple’s flagship product, the iPhone 12 – its first to boast 5G capabilities. “While we were hearing of some delays over the past few months that would have

via rushlimbaugh RUSH: All right. So look at that headline right there: “Republicans and Democrats Clash Over Police Reform.” You know what this is about? This is about an actual piece of legislation that is being argued and debated in the United States Senate. And I did a double-take because that’s not how laws are made in our

Passengers board an American Airlines flight to Charlotte, North Carolina at San Diego International Airport on May 20, 2020 in San Diego, California. Sandy Huffaker | Getty Images Check out the companies making headlines after the bell. Hertz — Shares of the car rental company whipsawed and fell 4% in extended trading after the company

Plant-based meat pioneer Beyond Meat (BYND) announced that it will this month introduce a cheaper product line sending shares up 5% on Wednesday. The stock rose 5% to $159.56 in early afternoon U.S. trading. Starting in the week of June 22, Beyond Meat will begin to sell value packs with 10 plant-based patties costing half

Beyond Meat “Beyond Burger” patties made from plant-based substitutes for meat products sit on a shelf for sale on November 15, 2019 in New York City. Angela Weiss | AFP | Getty Images Check out the companies making headlines in midday trading.  Carnival, Norwegian Cruise Line, Royal Caribbean Cruises — Shares of cruise lines dropped on Wednesday as investors

Shares in DraftKings (DKNG) sank almost 7% in pre-market trading after the U.S. sports betting company announced a public offering to sell its common stock. The stock dropped to $37.80 in early market trading. DraftKings said it has commenced an underwritten public offering of 33 million shares of its Class A common stock, consisting of

Take a look at some of the biggest movers in the premarket: Lennar (LEN) – Lennar reported quarterly profit of $1.65 per share, beating the consensus estimate of $1.18 a share. The home builder’s revenue also beat Street forecasts and Lennar forecast full-year home deliveries above current consensus, amid a rebound in home sales as

by Michael Snyder As if we didn’t have enough already going on in 2020, now we are facing the possibility that several regional wars may erupt.  China and India had both been pouring troops into a disputed border region, and now there has been an incident where they were actually killing each other.  On the

Beyond Meat (BYND) has been one of 2020’s star performers. A sparkling recent earnings report, and several promising international deals have acted as catalysts for the stock’s outstanding performance. To wit, shares have increased by 100% since the turn of the year. The company’s CEO Ethan Brown recently presented at William Blair’s 40th Annual Growth

The Norwegian Bliss cruise ship is seen docked on March 15, 2020 in New York City. Mayor Bill de Blasio said on Tuesday that any cruise ship passenger disembarking in New York City with a temperature over 100.4 will be given the choice of self-isolating at home or be taken to a hospital to protect

A consortium led by KKR & Co. (KKR) announced that it has purchased a minority equity stake in Vietnam real estate developer Vinhomes JSC, for a total of VND15.1 trillion ($650 million). Shares rose 3% to $31 in midday trading. The investment will give the KKR-led consortium, which includes Singapore-based investor Temasek Holdings, a 6%

Pedestrians pass in front of a Nordstrom Inc. store in the Midtown neighborhood of New York, on March 20, 2020. Gabby Jones | Bloomberg | Getty Images Check out the companies making headlines in midday trading.  Apple— Shares of Apple rose more than 2% after a Citi analyst raised his 12-month price target on the technology

by DCG Buy. Lots. Of. Ammo. When the left say they want to abolish the police, they mean it. The reality of the progressive #defundpolice/BLM agenda: Some 19 Atlanta officers have resigned after Rayshard Brooks shooting 10 SWAT members in South Florida resign from unit, saying they feel unsafely restrained by politics Seven Minneapolis police officers resign after George Floyd protests, citing lack of

IBM Corp. (IBM) has signed an agreement to buy Spanugo, a US-based provider of cybersecurity solutions, to help meet the security demands of its public cloud business. The terms of the deal were not disclosed. IBM said that it will integrate the Spanugo software into its public cloud to support stringent safety requirements of its