Posts

Showing posts with the label Investopedia news

5 Marijuana Stock Picks: Cowen: Investopedia News

investopedia.com Daniel Liberto Midterm elections will  “deliver incremental catalysts" to the marijuana industry regardless of which political party emerges victorious, according to analysts. In a research note , reported on by CNBC , Cowen's Washington Research Group said that a Democratic win would be better for the sector, before concluding that the Republican party holding onto its majority could also boost pot stocks more than before. "Few industries are better positioned than cannabis regardless of outcome," Cowen senior analyst Vivien Azer wrote in the note. "Generally speaking, the higher the Blue Wave, the better for the budding industry though even a potential Red Wave is likely to feature pockets of good news." Should the Democrats win more seats, Azer expects lawmakers in the party to focus on moving pro-cannabis bills out of the White House. Meanwhile, if the Republicans keep a

Audi Launches Electric SUV in Tesla's Backyard, With Assist From Amazon I Investopedia News I Reuters

investopedia.com Reuters SAN FRANCISCO, Sept 17 (Reuters) - German luxury car brand Audi on Monday staged the global launch of a new electric sport utility vehicle on the home turf of rival Tesla Inc, and highlighted a deal with Amazon.com Inc to make recharging its forthcoming e-tron models easier. The Audi e-tron midsize SUV will be offered in the United States next year at a starting price of $75,795 before a $7,500 tax credit. It is one of a volley of electric vehicles coming from Volkswagen AG brands, as well as other European premium brands including Daimler-owned Mercedes-Benz, BMW, Volvo Cars and Jaguar Land Rover. Relive the birth of the first all-electric SUV that can call itself an Audi. #etron pic.twitter.com/5W1xuBYIXt — Audi (@Audi) September 18, 2018 All aim to expand the market for premium electric vehicles and also to grab share of that market from Palo Alto, California-based Tesla, which

This Bull Market May Trample Bears, Last Until 2025: Raymond James I Investopedia News

Image
investopedia.com Mark Kolakowski Various market gurus warn that the current bull market is getting rather aged, and that a bear market is long overdue. A noteworthy exception is Jeff Saut, chief investment officer (CIO)  at Raymond James Financial. "We ought to have another seven to eight years left," Saut told CNBC , noting that secular bull markets have a typical length of between 16 and 18 years. The current bull market is 9 years and 6 months old. Making reference to market history since World War II, he observed: "1949 to 1966: yes, there were pullbacks didn't stop the secular bull . '82 to 2000: yes, we had the crash in 1987 . [It] didn't stop the secular bull market." Stocks Since 2008 Financial Crisis Source: Yahoo Finance; gains computed from bear market low close on March 9, 2009 through the close on Sept. 12. 'Strong Fundamentals' Another bullish

FAANG Short Positions Have Surged 40% in the Past Year I Investopedia News

investopedia.com Donna Fuscaldo The FAANG stocks — Facebook Inc. ( FB ), Apple Inc. ( AAPL ), Amazon.com Inc. ( AMZN ), Netflix ( NFLX ) and Alphabet Inc.’s ( GOOG ) Google — may be behind much of the rally in stocks this year, but there are still a lot of investors betting the share prices of the group will decline with short interest surging in the past year. Citing data compiled from S3 Partners, the financial analytics company, Bloomberg reported investors have shorted about $37 billion in FAANG stocks, which is 42% higher than a year ago. Among the FAANG stocks, Amazon is the most shorted with $10 billion in short interest. With Apple becoming the first U.S. company to surpass the $1 trillion in market capitalization, all eyes are now on Amazon. The S3 Partners data also shows tech companies account for half of the ten most-shorted stocks in the world with Alibaba Group Holding Ltd. ( BABA ), the Chinese e-commerce giant

Tesla's U-turn Puts It Back at Square One on Cash I Reuters I Investopedia News

investopedia.com Reuters NEW YORK, Aug 28 (Reuters) - Elon Musk's take-private plans for Tesla Inc have evaporated, but the company's looming debt needs remain. With a debt load of about $10.5 billion and the possibility of an impending cash shortfall, Wall Street expects the luxury electric carmaker may need to raise funds before long. Tesla Chief Executive Musk said late on Friday he would heed shareholder concerns and no longer pursue a $72 billion take-private deal, abandoning an idea that stunned investors and may draw regulatory scrutiny. None of that has done anything to help it with a looming issue: cash. Tesla, which has had just one quarter of positive free cash flow since the fourth quarter of 2013, has $1.3 billion in debt coming due in the next 12 months. Meanwhile it has just $1.3 billion of cash on hand after backing out $942 million of customer deposits on cars. With analysts foreca

Tech Stocks Will Get Big Boost From Buybacks: Goldman I Investopedia News

Image
investopedia.com Mark Kolakowski Breaking the $1 trillion barrier in market capitalization  won headlines for Apple Inc. ( AAPL ), but Goldman Sachs says that a far more significant number for investors is the $1 trillion in share repurchases , also called stock buybacks, that U.S. corporations are likely to announce this year. This would be a 46% increase from 2017. Companies in the technology sector  have been leading the way, accounting for 40% of authorized spending on buybacks so far in 2018, per Goldman's most recent U.S. Weekly Kickstart report. The six tech stocks with the biggest buyback yields , or ratios of buyback outlays to market cap, are Juniper Networks Inc. ( JNPR ), Citrix Systems Inc. ( CTXS ), Corning Inc. ( GLW ), Hewlett Packard Enterprise Co. ( HPE ), eBay Inc. ( EBAY ) and Lam Research Corp. ( LRCX ). The significance of spending on share repurchases is that i

Twitter to Prioritize Fixing Platform Over User Growth, Shares Plunge I Investopedia news

investopedia.com Twitter to Prioritize Fixing Platform Over User Growth, Shares Plunge Reuters SAN FRANCISCO, July 27 (Reuters) - Twitter Inc on Friday reported fewer monthly active users than analysts expected and warned that the closely-watched figure could keep falling as it deletes phony accounts, sending shares sharply lower in early trading. The company said the work it was doing to clean up Twitter by purging automated and spam accounts had some impact on its user metrics in the second quarter, and that it would prioritize work to improve suspicious accounts and reduce hate speech and other abusive content over projects that could attract more users. Monthly active users fell by 1 million to 335 million from the previous three months. Analysts on average had expected 340 million monthly active users in the third quarter, according to Thomson Reuters I/B/E/S. Twitter said the decline in the third quarter wo