Is Aurora Cannabis (NYSE:ACB) stock is so overvalued it is likely to drop 90% to its tangible book value? I argued last month that the cannabis grower was in bad financial shape, but last week, another market pundit came out with an even-dire assessment of ACB stock. Source: ElRoi / Shutterstock.com In his recent, well-thought
Senator Elizabeth Warren (D-MA), a 2020 US Presidential hopeful, speaks during the ‘We The People’ Summit at the Warner Theatre April 1, 2019, in Washington, DC. Brendan Smialowski | AFP | Getty Images One Wall Street economist on Monday warned clients about the tax proposals touted by Democratic presidential hopefuls Elizabeth Warren and Bernie Sanders,
I still remember the first time I saw my neighbor removing a red envelope from his mailbox. Source: Shutterstock It was 2005, and I was living in Chicago. I noticed that every few days he’d go out to his mailbox and pull out a bright red square envelope. Back then, I rented my movies from
Earnings have been taking center stage in recent days, but developments in the U.S.-China trade were back in the limelight, helping push stocks higher to start the week. Source: Venturelli Luca / Shutterstock.com President Trump said today he sees progress in the trade talks and that strides are being made between the world’s two largest
A pedestrian passes in front of a TD Ameritrade Holding Corp. location in San Francisco, California. David Paul Morris | Bloomberg | Getty Images Check out the companies making headlines after the bell: Shares of TD Ameritrade climbed more than 4% during extended trade after the company reported better-than-expected earnings for its fourth quarter. The
Analysts have just about given up on International Business Machines (NYSE:IBM). The IBM stock price dropped by $8 or about 6%, to $134 last week after another revenue miss, although earnings continued strong. The company that once dominated computing entered Oct. 21 worth just $118 billion, even though it out-earned a $1.62 per share dividend
If misery loves company, then Aurora Cannabis (NYSE:ACB) shareholders are far from alone. While marijuana stocks like ACB were soaring earlier in the year, several marijuana-related headwinds and dulling hype have since sent many of these stocks downward. But if new investors want to brave the risk and allow ACB stock to grow in their
The Ascending Triangle: -It resembles accumulation. -It is a bullish pattern. -It doesn’t have to happen on an uptrend, but it is very helpful when it does. -The top of the triangle is fairly straight and the bottom of the triangle is ascending. The stock ascends and descends between these two lines of the triangle.
Peloton bike Source: Peloton Shares of fitness program company Peloton have dropped nearly 19% since its public debut last month but Wall Street analysts, including J.P. Morgan, Barclays and UBS, began covering the stock on Monday with bullish forecasts. “We believe Peloton is well positioned to disrupt the fitness industry,” J.P. Morgan wrote in a
If you loaded up on Roku (NASDAQ:ROKU) after I last reported on them on Sept. 9, you’re probably mad at me. Source: AhmadDanialZulhilmi / Shutterstock.com Fresh from a Labor Day break, I called it a screaming buy figuring a suitor was soon to emerge, either an entertainment conglomerate like Walt Disney (NYSE:DIS), a retailing behemoth
A reported Brexit deal sent stocks higher in morning trade, although equities had trouble maintaining those gains throughout the session. Let’s look at a few top stock trades for Friday. Top Stock Trades for Tomorrow No. 1: Morgan Stanley (MS) Morgan Stanley (NYSE:MS) popped on earnings but is struggling to hold onto its early gains.
iQiyi (NASDAQ:IQ) stock continues to frustrate investors. Despite the company’s strong position in China’s streaming market, IQ stock continues to drop. Source: Faizal Ramli / Shutterstock.com iQiyi’s strength in China has become a double-edged sword for IQ stock. Without a doubt, IQ’s large subscriber base and partnership with Netflix (NASDAQ:NFLX) have strengthened the Chinese company.
There are a number of companies set to report earnings next week, but there are five key names that investors should be focused on since these companies almost always beat the Street, according to data from Bespoke Investment Group. 1. Visa Visa reports fourth quarter earnings on Thursday after the bell, and if history is