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Category Archives for Stocks

Here’s Where Marijuana Stocks May Be Headed Next Year

LAS VEGAS — Canada’s marijuana-stocks bubble will pop or at least deflate next year, as soaring valuations hit financial realities, Chris Walsh, founding editor of Marijuana Business Daily, predicted in a pot conference here.Speaking at MJBizCon at the Las Vegas Convention Center, Walsh told attendees that the “bumps aren’t over” in Canada’s recreational market, which […]

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These Are 5 Top Penny Stocks to Buy This Week

Traders love penny stocks because just a few cents’ gain in share price can translate into triple-digit returns. That’s why we’re bringing you the top penny stocks to buy this week so you can get ahead of the crowd and find the next big winner.That doesn’t mean penny stock investing isn’t risky. Investors buying penny […]

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Small Caps Just Entered A ‘Death Cross,’ A Chart Pattern That Means Trouble For The Stock Market

Small-cap stocks just entered the dreaded death cross, a technical development that traditionally suggests weakness ahead for an asset. And if history is any indication, that may signal trouble for the broader market.The Russell 2000, comprised of small-cap stocks, has taken it on the chin in recent weeks. On Wednesday, the index’s 50-day moving average […]

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In One Chart: Oil Rout Leaves Energy Stocks Oversold, Contrarians Circling

The worst may not yet be over for the energy sector after a sharp and sudden selloff in crude oil, but the carnage left behind is creating the sort of environment where a truly contrarian approach can work, according to one of Wall Street’s best-known technicians.The U.S. oil benchmark last week slumped into bear-market territory, having […]

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And Who Would Have Thought…It Figures

The U.S. Justice Department and Securities and Exchange Commission have subpoenaed Snap Inc (SNAP.N) for information about its March 2017 initial public offering, the social media app maker told Reuters on Tuesday.Snap said in a statement it has responded to the government subpoenas and other requests for information.The previously unreported federal inquiries follow an ongoing […]

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They Just Don’t Mix Well

In the third quarter, investors had no patience for earnings misses.In a note to clients published last Friday, Goldman Sachs’ equity strategy chief David Kostin affirmed a theme that had been burgeoning at the outset third quarter earnings season six weeks ago and which came to pass in spades as results rolled in — companies […]

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Gangbusters or Ghost Town

Tesla has been expanding its presence in Northern California beyond its Fremont Factory.We’re now learning that Tesla is getting a giant new building in Lathrop, according to local news reports.Ever since it took over the Fremont factory from Toyota and GM in 2010, Tesla has been expanding in the bay area with new facilities.A few […]

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And Then There Were Two

The Dow surged on Wednesday on the back of tech stocks after President Donald Trump vowed to work with Democrats after Republicans ceded control of the House in the wake of the midterm elections. The Dow Jones Industrial Average rose 545 points, or 2.13%. The S&P 500 rose 2.11%, while the Nasdaq Composite rose 2.64%. In a […]

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Cultivation Covered

Pot stocks have lost some of their buzz lately. Just look at the drops in companies like Tilray (NASDAQ: TLRY ) and Canopy Growth (NYSE: CGC ). TLRY stock is down more than 40% from mid-October highs, while CGC stock is down 33%.Now part of this dip has been due to the recent volatility in […]

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AMD Lands Epyc Deal

Advanced Micro Devices (AMD) and Amazon (AMZN) Web Services on Tuesday announced the availability of the first AMD Epyc processors on the Amazon Elastic Compute Cloud. AMD stock popped on the news.At its Next Horizon conference, AMD revealed that its Epyc processors would go in Amazon’s cloud computing data centers.”The availability of multiple AMD Epyc […]

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