Finanace

Cannabis stocks took a nosedive on Thursday with many of the sector’s best performers a day earlier surrendering those gains, as the relentless buying in recent weeks amid growing hopes for reforms of strict U.S. laws came to a screeching halt.The Cannabis ETF THCX, -18.89% tumbled 18.1% in afternoon trading, putting it on track for its biggest one-day … [Read more...] about Cannabis stocks nosedive as rally driven by hopes for U.S. reforms comes to a screeching halt

BloombergThis Crypto Kid Had a $23,000-a-Month Condo. Then the Feds Came.(Bloomberg) -- Stefan Qin was just 19 when he claimed to have the secret to cryptocurrency trading.Buoyed with youthful confidence, Qin, a self-proclaimed math prodigy from Australia, dropped out of college in 2016 to start a hedge fund in New York he called Virgil Capital. He told potential clients he had … [Read more...] about Inter Pipeline Surges Above Price of Brookfield’s Hostile Offer

Cannabis stocks fell sharply across the board Thursday, with many of the sector's best performers a day earlier surrendering all those gains. Tilray Inc. TLRY, -41.34% was last down 40%, while Aphria Inc. APHA, -30.63% APHA, -29.94%, with which it is merging, was down 27%. The stocks and other cannabis names have … [Read more...] about Cannabis stocks crater as sector rally screeches to a halt

BloombergThis Crypto Kid Had a $23,000-a-Month Condo. Then the Feds Came.(Bloomberg) -- Stefan Qin was just 19 when he claimed to have the secret to cryptocurrency trading.Buoyed with youthful confidence, Qin, a self-proclaimed math prodigy from Australia, dropped out of college in 2016 to start a hedge fund in New York he called Virgil Capital. He told potential clients he had … [Read more...] about Tilray Gets Dose of Reality as Pot Stocks Reverse Gains

BloombergThis Crypto Kid Had a $23,000-a-Month Condo. Then the Feds Came.(Bloomberg) -- Stefan Qin was just 19 when he claimed to have the secret to cryptocurrency trading.Buoyed with youthful confidence, Qin, a self-proclaimed math prodigy from Australia, dropped out of college in 2016 to start a hedge fund in New York he called Virgil Capital. He told potential clients he had … [Read more...] about SkyBridge’s Scaramucci puts $100,000 price target on Bitcoin, sees more money managers and CFOs adopting it

Good news ruins everything, or at least it feels that way in the stock market right now.First, there was GameStop. An investment from a successful tech investor led to an epic short squeeze—and then a lot of pain for anyone buying shares above $400, as GameStop stock slipped to $51. Now marijuana companies are surging, or getting … [Read more...] about Pot Stocks Are the Next GameStop. It Won’t End Well.

Stock futures pointed to a higher open Thursday morning as investors digested a host of corporate earnings results and considered policymakers’ next moves to support the still virus-stricken economy.Contracts on the S&P 500 rose 0.3%, reversing some declines after the index closed lower for a second straight session on Wednesday. Dow and Nasdaq futures also traded … [Read more...] about Stock futures point to a higher open, shaking off two-day decline

Shares of PepsiCo Inc. PEP, -1.36% edged up 0.1% in premarket trading Thursday, after the beverage and snack company reported fourth-quarter profit that topped expectations, revenue that rose above forecasts and raised its dividend. Net income rose to $1.85 billion, or $1.33 a share, from $1.77 billion, or $1.26 a share, in the year-ago period. Excluding … [Read more...] about PepsiCo stock edges up after profit and revenue top forecasts, dividend raised by 5%

TipRanks2 “Strong Buy” Cannabis Stocks Showing Monster GrowthInvestors have been fixated on growth companies over the past year, and one segment which has been on the rise is the fledgling cannabis industry. The sector offers a unique proposition and the prospect of further growth, as there is still a major catalyst on the horizon which will completely alter the industry. As … [Read more...] about AstraZeneca Sees Profit Accelerating After Turnaround Effort

GameStop is listed as GME on the New York Stock Exchange.Buying shares in the wrong company is on the rise according to two leading stock market academics.The recent Reddit-inspired trading frenzy around GameStop highlighted the mistakes traders can make.For example, GameStop is listed as GME on the New York Stock Exchange, but there is also an Australian mining stock (GME) … [Read more...] about Share buying mistakes ‘on the rise’