With the stock collapsing following the reverse split, Aurora Cannabis (ACB) needed a strong quarter to change the trend. The Canadian cannabis company is in the middle of a transformational plan that doesn’t always work out as planned.The company delivered in spades. Not only did Aurora report crucial progress in cutting out of costs, but also the company smashed revenue estimates during the coronavirus outbreak. The stock has bounced strong off the lows and is likely headed higher now.According to TipRanks, the consensus on Wall Street is that Aurora Cannabis stock is a “hold” for investors. On one hand, TipRanks might as well have said “buy” — because analysts, on average, think the stock, currently at $10.44, could zoom ahead to $12.78, delivering about 20% profits to new investors. On the other hand, Aurora stock could present investors with better entry points than at $10.44 per share.Dazzling QuarterWhile the company only...
Taiwan Semiconductor Manufacturing announced the company will spend roughly $12 million to build a chip factory in Arizona. Yahoo Finance’s Akiko Fujita breaks down the latest developments. ...
Boeing (NYSE:BA) has been making headlines for all the wrong reasons over the years, first with the 737 Max jetliner fatalities and subsequent mishandling of the issue, and most recently, the begging for a government bailout. The company added one more, declaring that a major U.S. airliner could go out of business this year. And many investors believe this to be American Airlines (NASDAQ:AAL), casting a dark cloud on AAL stock.Source: GagliardiPhotography / Shutterstock.com To be clear, Boeing CEO Dave Calhoun never mentioned who he was thinking about specifically during an interview with CNBC. But to those reading between the lines, American Airlines looks to have received the dubious honor. As you know, the broader travel industry has been a mess, impacting every corner of the sector. Even as most states have forged a path toward reopening, travelers largely remain rooted at home.Of course, in any fallout, the weakest components are...
Stocks were on a tear in April, almost clawing back everything they lost in March.Much of that rally has been pinned on the hopes that lockdowns would be over and the coronavirus would be sorted in short order.But the more we hear from medical experts and more fundamentally, from the rising numbers of sick and dead, this isn't going to be as easy or painless as many anticipated.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThat means you need to have a good, reliable hedge. And for decades, that hedge has been gold.One reason gold is a good choice now it that as the dollar weakens, gold becomes more attractive. A strong dollar makes gold a less attractive buy since it's more expensive and holding gold comes at a cost (storage fees, etc). * 20 Stocks to Buy If You're Still Betting on America to Thrive Also, COVID-19 has meant...
