Traders work on the floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S., March 7, 2022. Andrew Kelly | Reuters If there’s more bad news from retailers in the coming week, that could be a negative catalyst for an already cranky stock market. Market pros are watching for more signs that stocks could be bottoming, …
Marijuana plants grow in the Mother Room at the Canopy Growth Corp. facility in Smith Falls, Ontario, Canada, on Tuesday, Dec. 19, 2017. Chris Roussakis | Bloomberg | Getty Images Investor optimism over the possibility of federal cannabis legalization has contributed to a strong rally in beaten-down pot stocks. The Alternative Harvest ETF has gained more than 10% in March, …
Check out the companies making headlines before the bell: General Mills (GIS) – General Mills gained 1.6% in the premarket after reporting better-than-expected quarterly earnings and raising its full-year outlook. The food maker earned an adjusted 84 cents per share, 6 cents above estimates, with revenue essentially in line with analyst forecasts. General Mills said demand for food at home …
Jones Soda’s cannabis offshoot, Mary Jones Source: Jones Soda Meet Mary Jones, the new brand from Jones Soda that will feature cannabis-infused sodas, gummies and syrups. It’s a bold step for the publicly traded company, which is best known for its craft soda, but its relatively small size means it may feel it can take risks that larger rivals Coca-Cola …
Check out the companies making headlines before the bell: Peloton (PTON) – Peloton added 1% in premarket trading after surging more than 20% in each of the past two sessions. Yesterday’s gains came after the fitness equipment maker announced that CEO John Foley was stepping down in favor of former Spotify and Netflix CFO Barry McCarthy and that the company …
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Things are heating up in the cannabis space. The group’s earnings season has shown promising signs for some of the largest Canadian and U.S. cultivators, with many quickly growing and looking ahead to increasingly favorable legislative backdrops. Here are four things investors should be watching in this hot market, according to Tim Seymour, founder and chief investment officer of Seymour …
Stocks tied to the economic recovery rose after a stronger-than-expected jobs report on Friday, sending two key market averages to all-time highs. The Dow Jones Industrial Average rose 144.26 points, or 0.4%, and closed at an all-time high of 35,208.51. The S&P 500 rose nearly 0.2% to clinch its own record close at 4,436.52, while the tech-heavy Nasdaq Composite dipped …
Traders on the floor of the New York Stock Exchange, June 25, 2021. Source: NYSE Friday’s jobs report could be a catalyst that helps determine whether markets are volatile or will trade like it’s the quiet dog days of August. More than a quarter of the S&P 500 report earnings in the coming week. The calendar includes companies in sectors …
