In the wake of recent performance downgrades from Wall Street analysts, Canopy Growth Corp. (CGC) today announced its divestment of AusCann, signaling a potential shift in the company’s growth strategy.   Thus far, Canopy Growth has exhibited an aggressive acquisition strategy — much to the malaise of investors concerned about cash burn. Even today, the
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Nobel Prize-winning economist Robert Shiller came to the New York Stock Exchange to discuss his new book, “Narrative Economics.” It’s a book about storytelling: Humans understand the world by telling stories, Shiller says. “The most natural thing in our brains to talk about is gossip, okay?,” Shiller said. “We love these stories. We center around
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Booz Allen Hamilton (NYSE:BAH) was founded in Illinois in 1914 by Edwin Booz. He wanted to create a company that could look objectively at others and then offer suggestions on how to improve internal and external business execution. Basically, Booz Allen Hamilton was the birth of the corporate consultant. Source: Jer123 / Shutterstock.com While its first
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Some investors believe that Intel (NASDAQ:INTC) stock is cheap because it trades at 11 times its forward price-earnings ratio. Others believe INTC stock isn’t cheap because its earnings growth continues to decelerate.  Source: JHVEPhoto / Shutterstock.com I’m still upbeat about INTC stock, simply because Intel’s free cash flow generation continues to be strong. That’s a
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With many of the major financial institutions posting strong numbers for the third quarter, bank stocks appear poised as the investment class to jump into. Recent fundamentals, such as a temporary thaw in the U.S.-China trade war, gives credence to this argument. However, I’m going to take a contrarian approach, suggesting that they’re instead stocks
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At the lowest price in October since 2015 Inventories are climbing, but they will not hit four trillion cubic feet Oversold on the long-term chart going into the peak season Natural gas is one of the most volatile futures markets. Since the NYMEX first introduced the natural gas futures contract in 1990, the price traded
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United Airlines planes at Newark Liberty International Airport Leslie Josephs | CNBC Check out the companies making headlines after the bell: Shares of United Airlines climbed more than 2% during extended trading after the airline raised its full year adjusted earnings guidance range to between $11.25 and $12.25 per share. Analysts estimated full-year earnings of
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Shares of leading inbound marketing software company HubSpot (NASDAQ:HUBS) have been on fire for a long time. Over the past three years, as HubSpot has grown revenues at a 35%-plus compounded annual growth rate and expanded operating margins by more than 1,000 basis points, HUBS stock has rattled off a 200%-plus gain. At this point,
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Stocks surged Tuesday as the third-quarter earnings season finally kicked off and several marquee names from the Dow Jones Industrial Average delivered results that were mostly cheered by Wall Street and investors. Source: Venturelli Luca / Shutterstock.com Earnings ebullience for the Dow Jones today was enough to lift the major domestic equity benchmarks to four-week highs.
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Crude oil holds the $50 per barrel level Inventory data was neutral Processing spreads continue to climb The price of crude oil was trading around the $54.70 per barrel level at the end of last week on the nearby NYMEX futures contract. Last year at this time, the price of the energy commodity was moving
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UnitedHealth Group signage is displayed on a monitor on the floor of the New York Stock Exchange. Michael Nagle | Bloomberg | Getty Images Check out the companies making headlines in midday trading: UnitedHealth — Shares of UnitedHealth soared nearly 8% after beating analysts’ estimates for quarterly profit and revenue and raising its 2019 earnings
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Gold has pulled back 6.5% from its August highs, and is now consolidating beneath its 50-day moving average. Despite the metal remaining in an uptrend, we are now beginning to see a dearth of bullish sentiment. I do not believe this correction is any reason to panic, and it’s encouraging to see some bulls throwing
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Berkshire Hathaway Chairman Warren Buffett walks through the exhibit hall as shareholders gather to hear from the billionaire investor at Berkshire Hathaway Inc’s annual shareholder meeting in Omaha, Nebraska, U.S., May 4, 2019. Scott Morgan | Reuters David Rolfe, a longtime Berkshire Hathaway shareholder and chief investment officer at Wedgewood Partners, is fed up with
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Check out the companies making headlines before the bell: Boeing – Chief Executive Officer Dennis Muilenburg was stripped of his chairman’s title, in a move the company said was designed to allow Muilenburg to focus on returning the grounded 737 Max jet to service. Facebook – Facebook’s planned libra cryptocurrency is seeing more defections, with
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It may sound like a familiar refrain, and it is, but cannabis equities are imperiled at the moment and Aurora Cannabis (NYSE:ACB) stock is not immune to that theme. Last week, shares of the Canadian medical marijuana grower plunged 16.36%, extending the stock’s 12-month loss to over 63%. Some that tumble is attributable to Hexo (NYSE:HEXO),
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Looking to the money markets, the Fed didn’t lower interest rates on Friday, which was called for by some but seen as a very-outside possibility by most. The next really-possible time they’d lower rates would be the Fed Open Market Committee (FOMC) meeting, speech presentation at 2PM Eastern time Oct 30. So between now and then
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HP logo, at Hewlett-Packard pavilion, during theMobile World Congress day 3, on February 28, 2018 in Barcelona, Spain. (Photo by Joan Cros/NurPhoto via Getty Images) NurPhoto | NurPhoto | Getty Images Check out the companies making headlines in midday trading: Blackstone – Shares of the alternative asset manager shed 1.5% following a downgrade to neutral
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