Cannabis stocks were back in the red this week, despite a mixed bag of news.Cannabis investment firm Cannapreneur Partners tapped "Shark Tank" star Kevin Harrington to be a part of its team. Touted as an original shark on the ABC show, as well as the inventor of the infomercial asco-executive producer of As Seen on TV, Harrington now serves as a strategic advisor and brand ambassador for Cannapreneur Partners and its portfolio companies.Seed-to-shelf CBD company Kadenwood LLC named PGA Tour Pro Golfer Rickie Fowler a brand ambassador.HEXO Corp. (TSX:HEXO) (NYSE: HEXO) reported third-quarter net revenue of CA$22.1 million ($16.2 million), up 30% sequentially. Hexo's net loss fell from CA$298 million in the second quarter to CA$19.5 million during the third quarter. The Ottawa-based company entered the U.S. market in mid-April after creating a joint venture with Molson Coors to develop non-alcoholic, hemp-derived CBD beverages in Colorado.Namaste Technologies Inc (TSE: N) (OTC:...
(Bloomberg) -- A battle line is opening in the stock market. On one side are professional money managers focused on suddenly stodgy-seeming metrics like earnings growth. On the other, newbie day traders obsessed mainly with momentum. At least going by who got crushed the least this brutal week, score one for the old guard.The most turbulent stretch since March’s darkest days came with a shot of comeuppance for the stocks-always-go-up crowd, with companies and industries beloved by bottom-feeding retail buyers bearing the brunt of the worst drop in three months. While volatility soared and quant factors shook, shares that had jumped on little more than chat-room enthusiasm came hurtling back to earth.Underlining the Wall Street/Main Street division is a contrasting view on the economy in the era of coronavirus. While retail investors have piled into stocks like airlines, putting all their chips on an economic reopening, hedge funds have shunned the...
Voya Financial's recent survey on how people are looking at their finances in the wake of COVID-19. Charlie Nelson, Voya's Retirement and Employee Benefits CEO, joins The Final Round to share the findings....
A big gap-up on Friday came after a massive selloff on Thursday. However, the bounce was sold into as the market remains quite mixed. With that in mind, let's look at a few top stock trades for next week. Top Stock Trades for Monday No. 1: Starbucks (SBUX) Click to EnlargeSource: Chart courtesy of StockCharts.comStarbucks (NASDAQ:SBUX) stock has had a rough couple of days. After pushing through $80 resistance and the 200-day moving average, the stock has come under pressure.With Friday's bounce, the stock is reclaiming the 50-day moving average and making up for some of Thursday's 8.2% decline. What now, though?InvestorPlace - Stock Market News, Stock Advice & Trading TipsAggressive bulls can buy with Starbucks over the 50-day moving average, and use Friday's low as their stop-loss. It might be more advantageous to wait and see how the setup develops into more significant areas, though. * 7 Great Biotech Stocks...
