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Today is shaping up negative for Nikola Corporation (NASDAQ:NKLA) shareholders, with the analysts delivering a......
When I last wrote about Canopy Growth (NYSE:CGC) in mid-June, the Canadian cannabis company had just announced a loss of 1.3 billion Canadian dollars ($952.1 million). As a result, chief executive officer David Klein introduced a strategy reset that would create a renewed focus. No longer would it be all things to all people. I thought this would be good for CGC stock.
Source: Shutterstock In the three months since my June article, CGC stock has lost almost 14% through Sept. 28. Patient investors needn’t worry. Here’s why.InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Until a few days ago, it had traded in a tight range between $16 and $18. Then Acreage Holdings (OTCMKTS:ACRGF) announced its amended arrangement for Canopy to purchase the company once the U.S. federal government legalizes cannabis.
Essentially, it allows Canopy to buy all of the newly created Class E subordinate voting shares at a fixed rate...
Disney (NYSE:DIS) has not a good year so far. In 2020 DIS stock is down 13%. The media giant has recently announced it is laying off 28,000 U.S.-based employees in its theme-park division.
Source: nikkimeel / Shutterstock.com These theme parks are in California and Florida, two states where the pandemic has significantly disrupted lives. According to the “Theme Index and Museum Index: The Global Attractions Attendance Report,” in 2019 Disney venues were the most visited U.S. theme parks. Global operations also had a similar success.
“Measures used to limit the spread of COVID-19 … are expected to have particularly severe impacts on… theme parks,” Recent research by Todd Gabe of University of Maine highlights. “These capacity constraints will lower annual attendance figures and the admission fees collected by theme parks, as well as impact the surrounding regions where major theme parks are located.”InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Disney has been...
On CNBC's "Mad Money Lightning Round," Jim Cramer said he still likes Roku Inc (NASDAQ: ROKU).Tapestry Inc (NYSE: TPR) is okay, said Cramer. He likes album more than stores.Instead of Xpeng Inc - ADR (NYSE: XPEV), Jim Cramer would buy Alibaba Group Holding Ltd - ADR (NYSE: BABA) or JD.Com Inc (NASDAQ: JD).Vornado Realty Trust (NYSE: VNO) is a real estate investment trust and that is a bad business, believes Cramer. He sees is it as the best of the bad neighborhood and he thinks it is a house of pain.Cramer likes Applied Materials, Inc. (NASDAQ: AMAT), but he likes Lam Research Corporation (NASDAQ: LRCX) more.Piedmont Lithium ADR Representing 100 Ord Shs (NASDAQ: PLL) is a great long term spec, said Cramer. He thinks it is very dangerous, but if you want to speculate, he has no problem.See more from Benzinga * Options Trades For This Crazy Market: Get Benzinga Options...
(Bloomberg) -- U.S. President Donald Trump said early Friday that he has tested positive for coronavirus along with his wife and one of his closest aides, throwing an already volatile campaign into deeper disarray just one month before the election.“Tonight, @FLOTUS and I tested positive for COVID-19. We will begin our quarantine and recovery process immediately. We will get through this TOGETHER!,” the president said on Twitter, hours after Bloomberg News reported that the adviser, Hope Hicks, had fallen ill with the virus.The election campaign against Democrat Joe Biden has focused heavily on Trump’s handling of the coronavirus, which has already killed more than 200,000 Americans and deepened inequalities. Biden and others have criticized Trump’s response as slow off the mark and ineffective.The White House already announced that Trump was canceling all public events, including a rally in Florida, on Friday. Normal virus protocols could keep him off the campaign trail...
LEAMINGTON, ON, Oct. 2, 2020 /CNW/ - Aphria Inc....
Of the four largest Cloud Czars, Alphabet (NASDAQ:GOOGL) stock is the cheapest.
Source: rvlsoft / Shutterstock.com The artists formally known as Google entered trade Oct. 1 at $1,484 per share, a market cap touching $1 trillion, a price-earnings multiple of 32. Apple (NASDAQ:AAPL) is at 35, Microsoft (NASDAQ:MSFT) at 36, and Amazon.com (NASDAQ:AMZN) at an unbelievable 121. Microsoft and Amazon are worth about $1.5 trillion each, Apple $2 trillion.
Alphabet stock is also cheap measured against sales. Google had revenue of $161 billion last year. At its current valuation, the stock sells at 6 times revenue. Apple sells at 7.6 times sales, Microsoft at 11 times sales, and while Amazon is at 5.6 times, remember most of that comes from retail.InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Could Google Be Expensive?
Why is Google so cheap relative to its peers?
One reason is that it’s not just a software company anymore. Wall Street...
