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Earnings Previews: Comcast, Merck, Southwest Airlines, Tilray, Valero Energy
The three major U.S. equity indexes closed mixed on Monday. The Dow Jones Industrial Average added 0.28%, the S&P 500 closed up 0.13%, and the Nasdaq Composite fell 0.43%. Eight of 11 sectors, led...
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Earnings Previews: Levi Strauss, Tilray
The three major U.S. equity indexes closed higher for a second straight session on Tuesday. The Dow Jones industrials ended the day up 2.8%, the S&P 500 closed 3.06% higher and the Nasdaq saw a...
View ArticleWeed Stocks Soar on Biden Pardon, Promised Review
Most cannabis-related stocks posted double-digit gains Thursday, with all the gains coming after President Joe Biden announced a blanket pardon for people who had been convicted of simple marijuana...
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As Wall Street Waits on the Fed, Analysts Upgrade or Downgrade Microsoft,...
The major indexes traded lower Wednesday morning. In the afternoon, Federal Reserve Chair Powell is expected to announce the fourth straight 75-basis-point increase in the federal funds rate this year,...
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Thursday’s Top Analyst Upgrades and Downgrades: ADT, Aurora Cannabis, CarMax,...
The futures traded higher Thursday, after yet another slow trading day across Wall Street and as we limp toward the end of 2022. All the major indexes closed the day on the downside, as a surge in...
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Earnings Previews: Commercial Metals, Tilray
At Thursday’s opening bell, stocks traded lower. In the first few minutes of trading, the Nasdaq was down by about 1%, the S&P 500 by about 0.9% and the Dow Jones industrials 0.84% lower. New...
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Earnings Previews: Albertsons, CarMax, Tilray
Shortly after Thursday’s opening bell, the Dow was trading down 0.13%, the S&P 500 down 0.37% and the Nasdaq Composite 0.74% lower. Before U.S. markets opened on Thursday, Levi Strauss beat the...
View ArticleBefore the Bell: Twitter Now a Brand, Not a Company; Plus, Cannabis Capers
Premarket action on Tuesday had the three major U.S. indexes trading slightly higher. The Dow Jones industrials were up 0.1%, the S&P 500 up 0.16% and the Nasdaq 0.15% higher. Six of 11 market...
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Will a Change to US Marijuana Policy Save Any of the Weed Companies?
The U.S. government appears finally to be ready to review its categorization of marijuana as a dangerous drug, reviving hope among investors and marijuana producers for an industry that took off like a...
View ArticleTilray Earnings Preview: Looking for a Boost
No notable earnings were reported late Friday or before markets opened on Monday. Last Friday morning, Carnival Cruises reported better-than-expected earnings per share (EPS) and revenue. EPS guidance...
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How Safe, Legal Pot Boosted Tilray Stock in COVID-19 Era
Canadian cannabis company Tilray Inc. (NASDAQ: TLRY) has turned around in recent weeks. While the stock is down 50% year to date, it’s up 26% for the last month. It’s been a volatile year for marijuana...
View ArticleWill a Push for Market Share Work for Aurora Cannabis Stock?
Aurora Cannabis Inc. (NYSE: ACB) is riding the volatility wave this week even after the Canadian weed company delivered what has generally been viewed as a positive third-quarter earnings report last...
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Cannabis Short Interest Takes a Dive
Cannabis stocks in general stumbled in the latter half of last year. Wall Street expects profits, and none of these companies is anywhere near profitability. In the United States, high state and local...
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Short Sellers Hike Their Bets in Cannabis Stocks
Cannabis stocks in general stumbled in the latter half of last year. Wall Street expects profits, and none of these companies is anywhere near profitability. In the United States, high state and local...
View ArticleWhat Analysts Are Saying About Tilray After Earnings
Tilray Inc. (NASDAQ: TLRY) reported its most recent quarterly results after the market closed on Monday, and investors were not happy. Analysts were not entirely sold on results and many took to the...
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How the Legality of a Popular Hemp-Based Compound Weighs on Cannabis Stocks
When Congress passed the 2018 Farm Bill and the U.S. president signed it in December of that year, hemp was removed from the list of Schedule I drugs that includes heroin, cocaine and marijuana....
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Top Analyst Upgrades and Downgrades: ADP, Carrier, Darden, KLA, Lam Research,...
Stocks have been selling off in September, and Monday, September 21, was a continuation of that selling. The Dow Jones industrials and S&P 500 were both indicated down about 2% in Monday’s futures...
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Why Aurora Cannabis Posted Such Awful Q4 Results
When Aurora Cannabis Inc. (NYSE: ACB) reported fourth-quarter fiscal 2020 results after markets closed Tuesday, the marijuana grower and distributor reported a quarterly net loss per share of C$2.70 on...
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9 Well-Known Stocks That Just Can’t Catch a Break
It’s been a wild ride in 2020. The greatest bull market ever turned into the fastest bear market ever, and the worst recession since the Great Depression was seen as the coronavirus turned into the...
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Have You Already Missed Your Chance to Buy the Dip in Marijuana Stocks?
Share prices of most large publicly traded marijuana stocks dropped Wednesday, in a range of a modest 0.4% for Aphria Inc. (NASDAQ: APHA) to nearly 10% for Aurora Cannabis Inc. (NYSE: ACB). It looked...
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