Even among marijuana stocks. a volatile bunch, Tilray (NASDAQ:TLRY) has been the ultimate roller coaster. Tilray stock IPOed in the U.S. last August at $17 per share. By the beginning of September, TLRY stock price was crossing $50 per share. Incredibly, over the next two weeks, it spiked to as much as $300 per share.
The market is starting to pick a direction and for many trend traders, that’s great. They don’t care which direction the market is going in, as long as it’s going in one. Unfortunately, that direction may be lower. What makes this market so tough is, it takes one tweet from the president to surge or
There are two critical elements to identifying long-term winners in the stock market. First, find a secular growth industry, supported by secular growth trends with a massive addressable market. Second, find the top company or companies in that industry. Do those two things, and you’ve found yourself a long term-winning stock which you can buy
Since February, cannabis maker Cronos Group (NASDAQ:CRON) has been on a downward slide. Note that CRON stock has gone from $22 to $15.30. Yet keep in mind that the poor performance of Cronos Group stock has not been an outlier. General bearishness towards marijuana stocks has become prevalent. Just look at companies like Tilray (NASDAQ:TLRY)
Stock owners fall into two categories. There are those who are in looking to invest for the long haul. And then there are those who prefer to trade momentum, which tend to be shorter term.Today’s write-up is to examine how Facebook (NASDAQ:FB) stock now presents the opportunity for both traders and investors. There is a
Customers look at products in an Apple store in Beijing on December 11, 2018. Greg Baker | AFP | Getty Images Huawei is winning over more and more Apple fans in China as the escalated trade tensions stoked “nationalist sentiment,” according to the South China Morning Post. China’s consumers are increasingly favoring their domestic brands
Craig Warga | Bloomberg | Getty Images Check out the companies making headlines midday Thursday: L Brands — L Brands surged 12.4% after the parent company of Victoria’s Secret and Bath & Body Works reported first-quarter earnings that surpassed expectations. The company reported earnings of 14 cents per share, while analysts polled by Refinitiv expected
General Electric (NYSE:GE) stock, once among the most boring names in the Dow Jones Industrial Average, is now facing constant danger. Source: Shutterstock It met earnings guidance for the first quarter but its asset sale to Danaher (NYSE:DHR) may be in trouble. Fears over its pension liability may be overblown but it has a grim future.
When it comes to tech stocks, most investors think bigger is better. They believe the FANGs or dot-com survivors such as Microsoft (NASDAQ:MSFT) and Cisco (NASDAQ:CSCO) are the way to go in the sector. And there is some truth to that feeling. After all, these giants still produce billions in revenues, cash flows and profits.
My InvestorPlace colleague Luke Lango recently laid out a compelling argument why AT&T (NYSE:T) is too cheap to ignore. Never a fan of AT&T, I’ve given his case the fair consideration it deserves. Lango’s good at what he does and if he thinks AT&T stock is ready to pop, I ought to at least consider
Another salvo from China in the ongoing trade war is sinking U.S. stock futures this morning. This time it was comments from Ministry of Commerce spokesperson Gao Feng calling for the U.S. to “adjust its wrong actions” that sent stocks skidding. Futures on the Dow Jones Industrial Average are down 0.91%, and S&P 500 futures
The trade tirade is now a full trade war between the U.S. and China. And how do you know that it’s a war? Well, there’s a new “fight song” with lyrics like: “Trade war! Trade War! Not afraid of the outrageous challenge! Not afraid of the outrageous challenge! A trade war is happening over the
Chipotle Mexican Grill food catering. Adam Jeffery | CNBC Here are the biggest calls on Wall Street on Thursday: BMO downgraded Chipotle to ‘underperform’ from ‘market perform’ BMO said the impact of African Swine Fever on Chipotle‘s operations is underappreciated. “We are downgrading CMG to Underperform and lowering our target price to $620 (40x reduced
Check out the companies making headlines before the bell: Best Buy — The electronics retailer’s quarterly earnings came in 16 cents a share above estimates at an adjusted $1.02 per share, with revenue beating forecast as well. Comparable-store sales were up 1.1%, beating the 0.9% consensus estimate of analysts surveyed by Refinitiv. Hormel — Hormel
The bears pushed back, again, lengthening what has become some very indecisive action for stocks. The S&P 500’s modest 0.28% slide wasn’t terrifying, but it did represent another failed effort to crawl back above its key 50-day moving average line. Qualcomm (NASDAQ:QCOM) led the way, tumbling almost 11% in response to reports that it has
As stocks go, Nike (NYSE:NKE) continues to be one of the most consistent performers in the S&P 500. Since May 23, 2014, Nike stock has more than doubled from $37.92 to $83.64 as of the May 23 close. Additionally, the five-year total return for NKE stock is 18.6%, 764 basis points better than the index.
Steven Mnuchin, Treasury secretary, arrives at a hotel in Beijing, China, on Thursday, March 28, 2019. Gilles Sabrie | Bloomberg | Getty Images Treasury Secretary Steven Mnuchin said Wednesday that he’s spoken with a top Walmart executive about how retail giant can best position itself and keep prices low amid the growing trade dispute between
Shares of Under Armour (NYSE:UAA) traded significantly higher in mid-May on a bullish note from JP Morgan, who upgraded Under Armour stock to Overweight with a $29 price target, implying ~30% upside over the next twelve months. Source: Shutterstock The bull thesis from JP Morgan is pretty simple. Under Armour has struggled significantly over the
NEW YORK, NY – MAY 13: Traders and financial professionals work ahead of the closing bell on the floor of the New York Stock Exchange (NYSE), May 13, 2019 in New York City. Drew Angerer | Getty Images News | Getty Images Active managers are having a breakout year and Goldman Sachs has a way
A shopper browses dresses in a Nordstrom store in downtown Vancouver, British Columbia. Ben Nelms | Bloomberg | Getty Images Check out the companies making headlines midday Wednesday: Tesla – Shares of the electric automaker dropped 4.7% in trading as Citigroup joined Morgan Stanley in releasing a “bear case” scenario for Tesla. The firm sees