Investors Probably Didn’t Turn Their Backs on Tilray Cannabis Stocks TodayTilray’s share price plummeted today on the expiry of its IPO lock-up period. But is the sell-off investors exiting cannabis stocks? Or, is it as simple as Tilray “insiders” cashing in their profits? Tilray’s stock lost 17.24% by the end of trading on the Nasdaq
Government Shutdown Doesn’t Stop Dow Jones from Seeing Best Start Since 2006The first seven sessions of trading have delivered the best start to a year for the Dow Jones Industrial Average and other stock market indices since 2006. Government Shutdown Continues, But so Does Dow Rally 800,000 workers went without pay on Friday due to
Why Jeff Bezos’ Divorce Could be Bullish for Amazon SharesNews of Amazon chief Jeff Bezos and wife MacKenzie Bezos divorcing sparked questions about how the split could affect the world’s most valuable company’s stock. While there were questions, there wasn’t panic. Investors are in wait-and-see mode. The news, which came Wednesday via a tweet from
‘Nobody’s Going to Make Money’ on Pot Stocks: Hedge Funder Jeff VinikRenowned hedge fund manager Jeffrey Vinik has dismissed the pot stock craze, describing cannabis investment as overrated and likely to suffer from squeezed margins. Speaking on CNBC’s Squawk Box on January 10, Vinik also revealed that bitcoin currently accounts for “zero percent” of his investment portfolio.
As Dow Jones Rallies, Trading Bots Tell Investors to Short EverythingThe Dow Jones Industrial Average is rebounding, but computer trading bots are alerting investors to short everything. Trading Bots Suspicious of Dow Winning Streak According to quantitative investment firm AlphaSimplex, algorithmic trading bots suggest shorting three major asset classes: stocks, currencies, and commodities. “Pretty much any
US Economy Is ‘Complete Facade,’ Says Economist Who Claims Recession Is NearThe US economy will plunge into a recession in 2019, thanks to overreach by the Federal Reserve — which raised interest rates for the fourth time in 2018. That’s the sobering assessment of Canadian economist David Rosenberg, a strategist with Gluskin Sheff, a Toronto investment firm.
Dow Jones and Greater Stock Market Having a ‘Mid-Life Crisis’: Tom LeeFundstrat’s Tom Lee says the stock market sell-off doesn’t indicate a recession is nigh, but the earnings season looks “ugly” and the U.S Federal Reserve is to blame. Speaking today on CNBC’s Fast Money, the analyst, who appears lately to be receiving more and
China’s Easing Up On Game Approval Ban, So Why Are Tencent Shares Still in the Red?Chinese regulators have, after a near-year-long freeze, began to approve new videogames to earn valuable sales revenue in the country. The regulators didn’t, however, approve Tencent’s Fortnite and PlayerUnknown’s Battlegrounds and Tencent’s share price might be suffering because of this.
US-China Trade Deal Moving Well, Could Stock Market Rebound in 2019?The trade war between the United States and China has placed immense pressure on the stock market of both countries since mid-2018. With a new trade agreement in the works, China-U.S. relations are expected to improve in the months to come. U.S. President Donald Trump
UBS Director Blames Trump White House for Dow Jones Sell-OffArt Cashin, managing director of trading floor operations for investment firm UBS Financial Services, has firmly blamed United States President Donald Trump for the stock market volatility that caused the recent Dow Jones Industrial Average sell-off. Veteran stock market trader Cashin blamed the latest government shutdown