Netflix is raising prices and the stock is soaring

Netflix is raising its prices again, and the news is sending the company’s stock up more than 6 percent Tuesday. On Monday, Comcast-owned NBCUniversal announced it would launch a new streaming service in 2020. Disney is also set to launch its Disney+ service later this year. It’s the fourth time Netflix has raised prices since its streaming service launched. It counts more than 78 million subscribers outside the U.S.WATCH: How Netflix stock has made long-term investors rich


Netflix is raising its prices again, and the news is sending the company’s stock up more than 6 percent Tuesday. On Monday, Comcast-owned NBCUniversal announced it would launch a new streaming service in 2020. Disney is also set to launch its Disney+ service later this year. It’s the fourth time Netflix has raised prices since its streaming service launched. It counts more than 78 million subscribers outside the U.S.WATCH: How Netflix stock has made long-term investors rich
Netflix is raising prices and the stock is soaring Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-15  Authors: sara salinas
Keywords: news, cnbc, companies, soaring, cost, netflix, stock, streaming, prices, subscribers, service, disney, raising, plan, subscriber, sending


Netflix is raising prices and the stock is soaring

Netflix is raising its prices again, and the news is sending the company’s stock up more than 6 percent Tuesday.

Netflix’s cheapest basic plan will cost $9, up from $8; its most popular HD standard plan will cost $13, up from $11; and its 4K premium plan will cost $16, up from $14.

The rate hikes constitute a jump of between 13 and 18 percent — the company’s biggest increase since launching its streaming service 12 years ago — and will take effect immediately for new customers. Existing subscribers will see the price increase on their bills over the next three months.

Customers in Latin American, the Caribbean and some other countries will also see the higher rates. Major international markets like Mexico and Brazil won’t be affected.

The extra cash will help to pay for Netflix’s huge investment in original shows and films, and finance the heavy debt it’s taken on to ward off streaming threats from Amazon, Disney and Apple. Streaming incumbents like Netflix, HBO and Hulu have faced increasing pressure from new entrants, driving overall investment in the space to new highs.

On Monday, Comcast-owned NBCUniversal announced it would launch a new streaming service in 2020. NBC’s service will be free and supported by advertising if you already have a pay-TV account. It’ll cost approximately $12 per month if you want to remove ads or sign up if you don’t have a pay-TV service. Disney is also set to launch its Disney+ service later this year.

It’s the fourth time Netflix has raised prices since its streaming service launched. The company last raised rates in October 2017, sending shares up 3 percent that day. Previous rate hikes have had little effect on subscriber growth, and have traditionally buoyed the stock.

Last quarter, the company reported domestic subscriber growth of 10.7 percent year over year, totaling 58 million U.S. subscribers. It counts more than 78 million subscribers outside the U.S.

WATCH: How Netflix stock has made long-term investors rich


Company: cnbc, Activity: cnbc, Date: 2019-01-15  Authors: sara salinas
Keywords: news, cnbc, companies, soaring, cost, netflix, stock, streaming, prices, subscribers, service, disney, raising, plan, subscriber, sending


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Job prospects are soaring in New York City, thanks to Amazon HQ2 and Google’s expansion plans

The job market in the Big Apple appears hotter than ever. According to a survey by Tech:NYC and Accenture, 80 percent of companies in New York City said they planned to hire more tech talent in 2018 than the year before. The trend is spurring demand for tech talent as well as for other support services, such as advertising, fintech, accounting, compliance and more. Headhunters say that although direct impact has yet to be seen, the expansion plans bode well for New York City’s job market. The hi


The job market in the Big Apple appears hotter than ever. According to a survey by Tech:NYC and Accenture, 80 percent of companies in New York City said they planned to hire more tech talent in 2018 than the year before. The trend is spurring demand for tech talent as well as for other support services, such as advertising, fintech, accounting, compliance and more. Headhunters say that although direct impact has yet to be seen, the expansion plans bode well for New York City’s job market. The hi
Job prospects are soaring in New York City, thanks to Amazon HQ2 and Google’s expansion plans Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-10  Authors: ellen sheng, eduardo munoz, robert bumsted, spencer platt, getty images
Keywords: news, cnbc, companies, market, hq2, soaring, thanks, job, city, talent, companies, plans, york, expansion, tech, labor, unemployment, googles, prospects


Job prospects are soaring in New York City, thanks to Amazon HQ2 and Google's expansion plans

The job market in the Big Apple appears hotter than ever. With unemployment at record lows, the battle for talent is raging as tech giants, including Amazon and Google, lay plans to open new or expanded operations in Manhattan and Long Island City.

Projects include the new $5 billion Amazon headquarters in Long Island City, Google’s new $1 billion 1.7-million-sq-ft campus in Hudson Square and a new office complex at Chelsea Market. According to a survey by Tech:NYC and Accenture, 80 percent of companies in New York City said they planned to hire more tech talent in 2018 than the year before.

The trend is spurring demand for tech talent as well as for other support services, such as advertising, fintech, accounting, compliance and more. Headhunters say that although direct impact has yet to be seen, the expansion plans bode well for New York City’s job market.

“Even though New York is one of the most expensive markets in the country, it offers huge advantages for companies,” said Jed Kolko, chief economist at online jobs site Indeed.com.

“It is the largest labor market in the country, and it’s a fairly diversified market,” he said, noting that New York City also offers a fairly broad mix of both employers and workers in many industries and occupations. For many companies, that makes it worthwhile to pay the high real estate and labor costs to be in New York.

The hiring spree will make an already tight job market even tighter. Last month the New York Department of Labor said seasonally adjusted unemployment fell to 3.9 percent in November. That’s the lowest level since the department started keeping records in 1976. Not only that, but New York State’s private-sector job count rose to an all-time high of 9.75 million.


Company: cnbc, Activity: cnbc, Date: 2019-01-10  Authors: ellen sheng, eduardo munoz, robert bumsted, spencer platt, getty images
Keywords: news, cnbc, companies, market, hq2, soaring, thanks, job, city, talent, companies, plans, york, expansion, tech, labor, unemployment, googles, prospects


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Fast food stocks soaring amid volatility, one to buy and one to sell

As volatility rocks the market, one group of stocks is sizzling — fast food. Stocks like Starbucks, Jack in the Box, Chipotle and McDonald’s are outperforming in the past month. Of that selection, Chipotle shares look best positioned, according to Craig Johnson, chief market technician at Piper Jaffray. Shares have become over-bought in the near term, Johnson said, and he’d consider the coffee chain as a name to sell. “I think if you look at valuations, Chipotle is a stock that has been loved, a


As volatility rocks the market, one group of stocks is sizzling — fast food. Stocks like Starbucks, Jack in the Box, Chipotle and McDonald’s are outperforming in the past month. Of that selection, Chipotle shares look best positioned, according to Craig Johnson, chief market technician at Piper Jaffray. Shares have become over-bought in the near term, Johnson said, and he’d consider the coffee chain as a name to sell. “I think if you look at valuations, Chipotle is a stock that has been loved, a
Fast food stocks soaring amid volatility, one to buy and one to sell Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-23  Authors: rebecca ungarino, patrick t fallon, bloomberg, getty images, timothy fadek, jonathan alcorn, sam edwards, caiaimage, kcna, thomas barwick getty images
Keywords: news, cnbc, companies, stock, soaring, trading, amid, stocks, shares, buy, market, times, volatility, group, fast, johnson, sell, chipotle, food


Fast food stocks soaring amid volatility, one to buy and one to sell

As volatility rocks the market, one group of stocks is sizzling — fast food.

Stocks like Starbucks, Jack in the Box, Chipotle and McDonald’s are outperforming in the past month. Of that selection, Chipotle shares look best positioned, according to Craig Johnson, chief market technician at Piper Jaffray.

The firm’s analyst covering Chipotle, Nicole Miller Regan, is one of Wall Street’s biggest bulls on the stock. In a note to clients last week, she said restaurant stocks are “back in favor.”

As for the performance chart, Johnson noted that the stock is successfully bouncing from its 40-week moving average, and that’s a bullish signal. A close above $500 per share would open the door to a new leg higher. Chipotle is currently trading around $471.

Starbucks, meanwhile, is a weaker food stock within the group. Shares have become over-bought in the near term, Johnson said, and he’d consider the coffee chain as a name to sell.

It should come as no surprise that fast food and fast casual stocks are on the rise because the group tends to trade like defensive consumer staple names in times of market turbulence, said Gina Sanchez, CEO of Chantico Global.

“This low end becomes something that you hide out in because you know people can afford this stuff,” Sanchez said Wednesday on CNBC’s “Trading Nation.” “I think if you look at valuations, Chipotle is a stock that has been loved, and its valuation reflects that. It’s [trading at] 75 times trailing earnings. But the expectations continue to be positive. So maybe it can continue to grow into that.”


Company: cnbc, Activity: cnbc, Date: 2018-11-23  Authors: rebecca ungarino, patrick t fallon, bloomberg, getty images, timothy fadek, jonathan alcorn, sam edwards, caiaimage, kcna, thomas barwick getty images
Keywords: news, cnbc, companies, stock, soaring, trading, amid, stocks, shares, buy, market, times, volatility, group, fast, johnson, sell, chipotle, food


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Oil dips as soaring US production outweighs talk of OPEC output cuts


Oil dips as soaring US production outweighs talk of OPEC output cuts Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-08
Keywords: news, cnbc, companies, dips, oil, output, talk, opec, cuts, outweighs, soaring, production



Company: cnbc, Activity: cnbc, Date: 2018-11-08
Keywords: news, cnbc, companies, dips, oil, output, talk, opec, cuts, outweighs, soaring, production


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Buffett-owned DaVita plunges 9% after soaring on midterm elections

DaVita shares plunged more than 9 percent Thursday, threatening to erase all of the dialysis provider’s gains the day before. Investors sold off DaVita after the Denver-based company reported late Wednesday third-quarter earnings of 56 cents per share on revenue of $2.85 billion, missing Wall Street projections on both. Analysts had expected earnings of 87 cents per share and $2.93 billion in revenue, according to data compiled by Refinitiv. The ballot measure would have capped the amount of mon


DaVita shares plunged more than 9 percent Thursday, threatening to erase all of the dialysis provider’s gains the day before. Investors sold off DaVita after the Denver-based company reported late Wednesday third-quarter earnings of 56 cents per share on revenue of $2.85 billion, missing Wall Street projections on both. Analysts had expected earnings of 87 cents per share and $2.93 billion in revenue, according to data compiled by Refinitiv. The ballot measure would have capped the amount of mon
Buffett-owned DaVita plunges 9% after soaring on midterm elections Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-08  Authors: berkeley lovelace jr, joe amon, the denver post, getty images
Keywords: news, cnbc, companies, soaring, buffettowned, measure, davita, earn, state, million, providers, share, elections, midterm, revenue, shares, plunges, earnings, dialysis


Buffett-owned DaVita plunges 9% after soaring on midterm elections

DaVita shares plunged more than 9 percent Thursday, threatening to erase all of the dialysis provider’s gains the day before.

Investors sold off DaVita after the Denver-based company reported late Wednesday third-quarter earnings of 56 cents per share on revenue of $2.85 billion, missing Wall Street projections on both. Analysts had expected earnings of 87 cents per share and $2.93 billion in revenue, according to data compiled by Refinitiv.

The disappointing earnings erased almost all of the 9.9 percent rally in the shares Wednesday after California voters rejected a measure that would have cut into the company’s profits.

Warren Buffett’s Berkshire Hathaway owns a 23 percent stake in DaVita.

The ballot measure would have capped the amount of money dialysis providers in the state can earn on treating certain patients.

Pushed by the Service Employees International Union, the measure would have limited the revenue dialysis providers could earn through rates from privately insured patients to 115 percent of the costs to provide the care.

DaVita, which operates half of all the chronic dialysis clinics in the state, had shelled out $66.6 million of the more than $110 million spent by the industry lobbying against Proposition 8.

WATCH:Why you shouldn’t panic when stocks are getting slammed


Company: cnbc, Activity: cnbc, Date: 2018-11-08  Authors: berkeley lovelace jr, joe amon, the denver post, getty images
Keywords: news, cnbc, companies, soaring, buffettowned, measure, davita, earn, state, million, providers, share, elections, midterm, revenue, shares, plunges, earnings, dialysis


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The global economic impact of $100 oil ‘isn’t trivial’: Here are the likely winners and losers

The prospect of an abrupt supply shock in the energy market is making investors increasingly nervous about the possibility of oil prices soaring above $100 a barrel before year-end. Oil prices have surged more than 25 percent this year, prompting investors to bet that a return to triple-digits could be just around the corner. It comes as market players closely monitor a flurry of supply concerns, with looming U.S. sanctions against Iran, bottlenecks building in the U.S. shale industry and the co


The prospect of an abrupt supply shock in the energy market is making investors increasingly nervous about the possibility of oil prices soaring above $100 a barrel before year-end. Oil prices have surged more than 25 percent this year, prompting investors to bet that a return to triple-digits could be just around the corner. It comes as market players closely monitor a flurry of supply concerns, with looming U.S. sanctions against Iran, bottlenecks building in the U.S. shale industry and the co
The global economic impact of $100 oil ‘isn’t trivial’: Here are the likely winners and losers Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-10-11  Authors: sam meredith, nick oxford, kaveh kazemi, getty images
Keywords: news, cnbc, companies, oil, upside, losers, venezuelas, tripledigits, supply, impact, global, yearendoil, soaring, surged, trivial, winners, prices, investors, 100, isnt, market, likely, economic


The global economic impact of $100 oil 'isn't trivial': Here are the likely winners and losers

The prospect of an abrupt supply shock in the energy market is making investors increasingly nervous about the possibility of oil prices soaring above $100 a barrel before year-end.

Oil prices have surged more than 25 percent this year, prompting investors to bet that a return to triple-digits could be just around the corner.

It comes as market players closely monitor a flurry of supply concerns, with looming U.S. sanctions against Iran, bottlenecks building in the U.S. shale industry and the collapse of Venezuela’s economy all intensifying an upside risk in the market.


Company: cnbc, Activity: cnbc, Date: 2018-10-11  Authors: sam meredith, nick oxford, kaveh kazemi, getty images
Keywords: news, cnbc, companies, oil, upside, losers, venezuelas, tripledigits, supply, impact, global, yearendoil, soaring, surged, trivial, winners, prices, investors, 100, isnt, market, likely, economic


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GE shares are soaring, but at least one technician sees a ‘dead cat bounce’

3:08 PM ET Fri, 5 Oct 2018 | 02:48GE is coming off its best week in nearly a decade. “Let’s call it a fundamental reshuffling and you’re getting a technical dead cat bounce from this,” Bill Baruch, president of Blue Line Futures, told CNBC’s “Trading Nation” on Friday. A “dead cat bounce” is when a stock sees a short-lived rally following a sharp and sustained decline. “What I would say is more than just a dead cat bounce would be a move above its 200-day moving average at $14.14,” said Baruch.


3:08 PM ET Fri, 5 Oct 2018 | 02:48GE is coming off its best week in nearly a decade. “Let’s call it a fundamental reshuffling and you’re getting a technical dead cat bounce from this,” Bill Baruch, president of Blue Line Futures, told CNBC’s “Trading Nation” on Friday. A “dead cat bounce” is when a stock sees a short-lived rally following a sharp and sustained decline. “What I would say is more than just a dead cat bounce would be a move above its 200-day moving average at $14.14,” said Baruch.
GE shares are soaring, but at least one technician sees a ‘dead cat bounce’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-10-08  Authors: keris lahiff, getty images, sebastien bozon, afp, frederic j brown, kcna, thomas barwick getty images, source, lawrence mcdonald
Keywords: news, cnbc, companies, rally, best, dead, bounce, ge, nearly, technician, cat, shares, sees, stock, problems, technical, soaring, ceo


GE shares are soaring, but at least one technician sees a 'dead cat bounce'

GE just posted its best week in nearly a decade. Is the worst over? 3:08 PM ET Fri, 5 Oct 2018 | 02:48

GE is coming off its best week in nearly a decade.

The one-time Dow stock ended Friday with a weekly gain of more than 17 percent, its best since March 2009, after a CEO shakeup last week.

One technical analyst says this rebound could prove nothing more than temporary.

“Let’s call it a fundamental reshuffling and you’re getting a technical dead cat bounce from this,” Bill Baruch, president of Blue Line Futures, told CNBC’s “Trading Nation” on Friday.

A “dead cat bounce” is when a stock sees a short-lived rally following a sharp and sustained decline. At its lows in late September, GE was 55 percent off its 52-week high set last October. Even after last week’s gains, it remains 46 percent from that high.

This recovery could turn into a bigger breakout if it can break through one key technical level, according to Baruch.

“What I would say is more than just a dead cat bounce would be a move above its 200-day moving average at $14.14,” said Baruch. “If that does [happen], you could see a rise back to about unchanged on the year.”

GE would need to rally 7 percent to break through its 200-day moving average at $14.06. A move back to unchanged for the year at $17.45 represents a 32 percent rally from Friday’s level. The stock was up nearly 2 percent at $13.44 in Monday’s premarket after an upgrade by Barclays.

The embattled industrial giant cut loose CEO John Flannery last Monday, replacing him with former Danaher chief Larry Culp. The change in C-suite leadership swept its shares back up to early August highs.

One market watcher says the fundamentals haven’t changed enough to support a full recovery.

“The problem is a lot of the problems that investors had with the prior CEO were problems that he inherited and didn’t necessarily create,” Erin Gibbs, portfolio manager at S&P Global Market Intelligence, said of Flannery.

Culp faces similar issues that plagued Flannery’s tenure, Gibbs continued.

He has “some major headwinds facing him, particularly with the asset write-downs and the problems with the power business,” she said. “We just don’t see that turnaround, and I don’t see that a new CEO is going to be that key to turning the ship around just yet.”

Flannery held the CEO position for just over a year. From the announcement of his appointment in mid-June 2017 to his dismissal this year, the stock tumbled nearly 60 percent.


Company: cnbc, Activity: cnbc, Date: 2018-10-08  Authors: keris lahiff, getty images, sebastien bozon, afp, frederic j brown, kcna, thomas barwick getty images, source, lawrence mcdonald
Keywords: news, cnbc, companies, rally, best, dead, bounce, ge, nearly, technician, cat, shares, sees, stock, problems, technical, soaring, ceo


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Tesla shares are soaring. Five experts weigh in on what comes next

Here’s what five experts just said about Tesla shares and the electric auto maker’s divisive leader:”We can all disagree on some of the tactics that [Musk] does, but he’s certainly a visionary. And I think, now, it’s really, let’s see if they can execute,” said Brad Gastwirth, founder and CEO of ABR Investment Strategy. I can’t imagine a new chairman and new independent board members will not be simpatico with Elon Musk. “I think Tesla at this point still remains a very problematic bet because n


Here’s what five experts just said about Tesla shares and the electric auto maker’s divisive leader:”We can all disagree on some of the tactics that [Musk] does, but he’s certainly a visionary. And I think, now, it’s really, let’s see if they can execute,” said Brad Gastwirth, founder and CEO of ABR Investment Strategy. I can’t imagine a new chairman and new independent board members will not be simpatico with Elon Musk. “I think Tesla at this point still remains a very problematic bet because n
Tesla shares are soaring. Five experts weigh in on what comes next Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-10-01  Authors: rebecca ungarino, lionel bonaventure, afp, getty images, mandel ngan, michael nagle, bloomberg, sebastien bozon, ge renewable energy, kcna
Keywords: news, cnbc, companies, rally, hes, soaring, elon, really, comes, think, sec, ceo, weigh, tesla, musk, shares, experts


Tesla shares are soaring. Five experts weigh in on what comes next

Three experts on the future of Tesla after Elon Musk settled with SEC 18 Hours Ago | 01:35

Tesla shares surged 17 percent on Monday, placing the stock on track for its largest gain in two months after CEO Elon Musk reached a settlement with the U.S. Securities and Exchange Commission on Saturday.

Here’s what five experts just said about Tesla shares and the electric auto maker’s divisive leader:

“We can all disagree on some of the tactics that [Musk] does, but he’s certainly a visionary. He’s done quite well with many different ideas. I think it’s good that he’s still the CEO. I think it’s very good that there’ll be an independent chairman. And I think, now, it’s really, let’s see if they can execute,” said Brad Gastwirth, founder and CEO of ABR Investment Strategy.

“This is a huge opportunity for the board to really bring in somebody from the outside that can gain investor confidence. I hope that they capitalize on that opportunity, because it’s something they couldn’t have done themselves. They need to have their hand forced, and here they are with a gift, essentially,” said Gene Munster, managing partner at Loup Ventures.

Paul Ingrassia, editor at The Revs Institute, said, “The issue here is really, as long as Elon Musk stays as CEO, it’s hard to imagine much of anything changing in that company. You know, he might behave ‘marginally better’ according to the SEC rules. But he’s a pretty strong-willed guy and usually gets his way. He’s pretty much getting his way on this. I can’t imagine a new chairman and new independent board members will not be simpatico with Elon Musk. So, again, this is sort of like the new trade deal: When all is said and done, much more was said than was done.”

“I think Tesla at this point still remains a very problematic bet because now that they have settled charges with the SEC, Elon Musk is essentially reined in on any dramatic commentary that he can make. And now the market focus is going to be much more on the fundamentals, and the basic blocking and tackling of actually producing cars. And to that end, the company is still missing its estimates by about 20 percent going forward. So it’s hard to imagine that you’re going to have too much upside here, unless they have dramatic increases in production and delivery and logistics before you can really make a strong bet that Tesla is still a buy at this level,” said Boris Schlossberg, managing director of foreign exchange strategy at BK Asset Management.

Craig Johnson, chief market technician at Piper Jaffray, said, “Shares of Tesla to us look like one gigantic relief rally for a couple of reasons. First, the shares have underperformed the S&P 500 over the last 12 months. Second, when I look at this bounce we’ve seen here in the shares, they were oversold coming into today’s price action, and all we’ve done so far is rally right back up into the declining 200-day moving average. And lastly, we’d be using this strength to reduce our position in Tesla, as we think a lot of other stock have better management teams and look more attractive on an upside basis.”

Bottom line: Investors should wait to see what kind of progress the Tesla board can make on gaining investor confidence following Musk’s settlement, and from a technical standpoint the rally on Monday may simply be a relief rally and nothing more.


Company: cnbc, Activity: cnbc, Date: 2018-10-01  Authors: rebecca ungarino, lionel bonaventure, afp, getty images, mandel ngan, michael nagle, bloomberg, sebastien bozon, ge renewable energy, kcna
Keywords: news, cnbc, companies, rally, hes, soaring, elon, really, comes, think, sec, ceo, weigh, tesla, musk, shares, experts


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The pot stocks are soaring again after a CBD-based drug took a step closer to commercial launch

“We continue to recommend the stock on the basis that we believe the Epidiolex launch can exceed first year expectations,” the analyst added. News of the mild DEA classification comes amid growing fascination on Wall Street over a handful of companies engaged in the cultivation and production of cannabis products for either medical or nonmedical purposes. Other stocks in the limelight include pharmaceutical companies, including GW Pharmaceuticals, that produce and market drugs that use cannabino


“We continue to recommend the stock on the basis that we believe the Epidiolex launch can exceed first year expectations,” the analyst added. News of the mild DEA classification comes amid growing fascination on Wall Street over a handful of companies engaged in the cultivation and production of cannabis products for either medical or nonmedical purposes. Other stocks in the limelight include pharmaceutical companies, including GW Pharmaceuticals, that produce and market drugs that use cannabino
The pot stocks are soaring again after a CBD-based drug took a step closer to commercial launch Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-09-27  Authors: thomas franck, cole burston, getty images
Keywords: news, cnbc, companies, pot, commercial, dea, launch, step, medical, cannabis, cbdbased, gw, market, stocks, wall, drug, street, companies, soaring, took, closer


The pot stocks are soaring again after a CBD-based drug took a step closer to commercial launch

Six experts on whether the cannabis craze is a boom or bust 8:04 PM ET Tue, 25 Sept 2018 | 04:49

This announcement “renders the launch set-up fairly straightforward for GW into a market where there is significant unmet medical need and very high pent up awareness/demand,” wrote Stifel analyst Paul Mattela.

“We continue to recommend the stock on the basis that we believe the Epidiolex launch can exceed first year expectations,” the analyst added.

News of the mild DEA classification comes amid growing fascination on Wall Street over a handful of companies engaged in the cultivation and production of cannabis products for either medical or nonmedical purposes.

Other stocks in the limelight include pharmaceutical companies, including GW Pharmaceuticals, that produce and market drugs that use cannabinoids.

Tilray, for example, enthralled Wall Street last week after posting its best day ever following approval from the Drug Enforcement Administration to import pot to the United States for medical research.

Given the excitement around what appears to be an amenable DEA, Tilray shares have swung wildly over the last 10 days as investors are pinned between interest in a stake in the burgeoning industry and fears of an asset bubble.

Though both Aurora Cannabis and Canopy Growth — two other marijuana plays — traded lower Thursday, both stocks have endured similar frenzy over the last few weeks.

Aurora has rallied 35 percent this month in Canadian trading after Canadian news service BNN Bloomberg reported Coca-Cola is in talks with Aurora to develop weed-infused beverages.


Company: cnbc, Activity: cnbc, Date: 2018-09-27  Authors: thomas franck, cole burston, getty images
Keywords: news, cnbc, companies, pot, commercial, dea, launch, step, medical, cannabis, cbdbased, gw, market, stocks, wall, drug, street, companies, soaring, took, closer


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Pot stocks are soaring again with Tilray surging 40% in early trading

The SEC is warning about pot stocks, and the reasons are similar to those for cryptocurrencies 5:47 PM ET Fri, 7 Sept 2018 | 05:17Kennedy argued that the same can be said for food and beverage companies. Aurora Cannabis has rallied nearly 30 percent this week in Canadian trading after Canadian news service BNN Bloomberg reported Coca-Cola is in talks with Aurora to develop weed-infused beverages. Quickly becoming one of Wall Street’s most-followed stocks of 2018, Tilray posted its second-best da


The SEC is warning about pot stocks, and the reasons are similar to those for cryptocurrencies 5:47 PM ET Fri, 7 Sept 2018 | 05:17Kennedy argued that the same can be said for food and beverage companies. Aurora Cannabis has rallied nearly 30 percent this week in Canadian trading after Canadian news service BNN Bloomberg reported Coca-Cola is in talks with Aurora to develop weed-infused beverages. Quickly becoming one of Wall Street’s most-followed stocks of 2018, Tilray posted its second-best da
Pot stocks are soaring again with Tilray surging 40% in early trading Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-09-19  Authors: thomas franck
Keywords: news, cnbc, companies, aurora, surging, trading, companys, soaring, million, shares, pot, 2018, 40, early, stocks, tilray, physicians, canadian, cannabis


Pot stocks are soaring again with Tilray surging 40% in early trading

The SEC is warning about pot stocks, and the reasons are similar to those for cryptocurrencies 5:47 PM ET Fri, 7 Sept 2018 | 05:17

Kennedy argued that the same can be said for food and beverage companies. Aurora Cannabis has rallied nearly 30 percent this week in Canadian trading after Canadian news service BNN Bloomberg reported Coca-Cola is in talks with Aurora to develop weed-infused beverages.

Quickly becoming one of Wall Street’s most-followed stocks of 2018, Tilray posted its second-best day ever since its IPO on Tuesday after announcing approval from the Drug Enforcement Administration to import pot to the United States for medical research.

The company’s U.S.-listed shares jumped 29 percent in the prior session with 19 million of the company’s 21.7 million floating shares exchanging hands.

Tilray said Tuesday that it will work with the University of California San Diego Center for Medicinal Cannabis Research to study the safety, tolerability and efficacy of marijuana for a neurological disorder.

“Clinical trials build a halo around the brand. They inspire confidence and trust with physicians and regulators around the world and they give us data and information to talk to pharmacists and physicians that they just can’t obtain from our competitors,” Kennedy said.

Tilray’s market cap, despite the company posting $9.7 million in revenue as of last quarter, is larger than more than one-quarter of the S&P 500.

For reference, the company’s valuation exceeds that of Chipotle and E-Trade.

— CNBC’s Chloe Aiello and Elizabeth Gurdus contributed reporting.


Company: cnbc, Activity: cnbc, Date: 2018-09-19  Authors: thomas franck
Keywords: news, cnbc, companies, aurora, surging, trading, companys, soaring, million, shares, pot, 2018, 40, early, stocks, tilray, physicians, canadian, cannabis


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