Investing

Shares of British Columbia-based Tilray jumped after the bell Monday after it reported that its cannabis sales more than doubled over the last year. The company said fourth-quarter revenues of $15.5 million buoyed 2018 sales to $43.1 million, up 110 percent compared to last year. The surge was driven by bulk sales, the first months
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Economic forecaster Lakshman Achuthan is warning investors they could get scorched by one of 2019’s most popular groups. Achuthan believes the semiconductor rally is showing signs of breaking down, and he’s blaming shipment demand. “Collapse comes to mind when you look at global demand for semiconductor chips,” he said Friday on CNBC’s “Trading Nation.” Achuthan,
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Activision Blizzard and Spotify were among the stocks Wall Street analysts recommended to clients as undervalued this week. CNBC combed through company research to find analysts discussing buying opportunities for stocks. Other names cited as possible values include: Newell Brands, Dollar General, Marvell, and Anthem Activision “is down nearly 50% in the past six months
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Billionaire hedge fund manager Ken Griffin said Amazon‘s decision to pull out of New York City is “heartbreaking,” and the political climate “dramatically” reduced his interest in moving the headquarters of his financial firm to the city, according to a Bloomberg report. “I’m a bit frustrated by the political winds in the city over the
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Innovative companies have been some of the biggest winners when the stock market rises and it’s a theme that established names should take note of, Cramer said. All of the major markets made gains during the session—the Dow Jones Industrial Average added about 148 points, the S&P 500 increased 0.7 percent to top 2,800, the
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Weibo Corp.: “I’m not a fan. I’m just not a fan, what can I tell you? I just feel like it’s a dice roll. I’m recommending Alibaba, that’s it.” Hannon Armstrong Sustainable Infrastructure Capital Inc.: “I have to do work. I do not know that. It’s a closed fund. I don’t what they’re in, I
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Shares of major cannabis companies rallied Tuesday after New Jersey politicians outlined plans to legalize the adult use of recreational marijuana in the state. Several New Jersey legislators joined Democratic Governor Phil Murphy in announcing Tuesday a bill that would allow adult-use marijuana in the Garden State. The legislation would also allow municipalities that are
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Amazon has plans to make another big splash in the grocery industry and Costco may be the only company prepared to defend its market share, CNBC’s Jim Cramer said Monday. The “Mad Money” host recommended that investors can buy shares of both Amazon and Costco, but they should sell their stake in Kroger. Although Amazon
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Invesco’s Kristina Hooper believes Wall Street’s preoccupation with the global growth slowdown is misguided. But she understands why there’s worry. According to Hooper, significant shifts in central banks’ monetary policies are fanning those fears instead of giving the market confidence. She suggests it’s creating more questions than answers — and that’s a problem. “I don’t
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