Thailand property: Chinese buying interest has surged in recent years

Chinese investors have continued pouring their money into Thailand’s property sector even as the kingdom barrels toward an uncertain national election. Thailand will hold general elections on March 24, but Juwai CEO Carrie Law said the company hasn’t seen “a link between the Thai election and Chinese property buying.” Even though that recent coup was the second in less than a decade, the political upheaval did little to cool Thailand’s huge property increases. Chinese buyers make up 70 percent o


Chinese investors have continued pouring their money into Thailand’s property sector even as the kingdom barrels toward an uncertain national election. Thailand will hold general elections on March 24, but Juwai CEO Carrie Law said the company hasn’t seen “a link between the Thai election and Chinese property buying.” Even though that recent coup was the second in less than a decade, the political upheaval did little to cool Thailand’s huge property increases. Chinese buyers make up 70 percent o
Thailand property: Chinese buying interest has surged in recent years Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-11  Authors: huileng tan, prachanart viriyaraks, getty images
Keywords: news, cnbc, companies, property, interest, surged, buyers, international, thailands, thailand, buying, spot, chinese, told, started, growth, recent


Thailand property: Chinese buying interest has surged in recent years

Chinese investors have continued pouring their money into Thailand’s property sector even as the kingdom barrels toward an uncertain national election.

That underscores the Southeast Asian nation’s enduring popularity with the Chinese — tourists from Asia’s top economy have for years seen Thailand as a top spot for holidays. According to recent data from online Chinese real estate portal Juwai.com, Thailand was its most popular country when it comes to inquiries from potential real estate buyers in 2018 — climbing up from the sixth spot in 2016.

Thailand will hold general elections on March 24, but Juwai CEO Carrie Law said the company hasn’t seen “a link between the Thai election and Chinese property buying.”

“While the election is momentous for Thailand, most of the buyers we work with are unconcerned about the outcome,” she told CNBC.

Thailand’s economy has been powering ahead since its 2014 coup, reaching 3.9 percent GDP growth in 2017. That was its best in five years, but that growth is expected to slow a bit this year due to weaker global growth, the World Bank projected.

Even though that recent coup was the second in less than a decade, the political upheaval did little to cool Thailand’s huge property increases.

In fact, Sansiri — one of Thailand’s biggest developers — set up its international business unit in 2014 after seeing growing interest from foreign buyers, said Nanmanas Jiwattanakul, the company’s assistant executive vice president of international business development.

Chinese buyers make up 70 percent of Sansiri’s international sales, she said.

The development — not spurred by any marketing efforts — prompted the developer to set up showrooms in Thailand and overseas catering to such investors, she told CNBC.

“We started to drive (international sales) and also because we started seeing a number of foreign buyers in Thailand,” said Nanmanas.


Company: cnbc, Activity: cnbc, Date: 2019-02-11  Authors: huileng tan, prachanart viriyaraks, getty images
Keywords: news, cnbc, companies, property, interest, surged, buyers, international, thailands, thailand, buying, spot, chinese, told, started, growth, recent


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Stocks making the biggest moves midday: UPS, Ferrari, Facebook & more

Check out the companies making headlines midday Wednesday:Facebook — Facebook shares surged after the social media giant posted quarterly earnings that easily beat expectations. The company’s quarterly revenue also topped estimates. Ferrari — The luxury car maker’s stock jumped more than 10 percent and was on track to post its biggest one-day gain ever. PayPal’s earnings beat expectations but the company cited slumping growth in its former parent company eBay as a continuing headwind. — The flow


Check out the companies making headlines midday Wednesday:Facebook — Facebook shares surged after the social media giant posted quarterly earnings that easily beat expectations. The company’s quarterly revenue also topped estimates. Ferrari — The luxury car maker’s stock jumped more than 10 percent and was on track to post its biggest one-day gain ever. PayPal’s earnings beat expectations but the company cited slumping growth in its former parent company eBay as a continuing headwind. — The flow
Stocks making the biggest moves midday: UPS, Ferrari, Facebook & more Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-31  Authors: kate rooney, andrew renneisen, getty images
Keywords: news, cnbc, companies, moves, stock, surged, quarterly, ups, expectations, making, ferrari, biggest, shares, stocks, facebook, company, 2019, quarter, midday, earnings, revenue


Stocks making the biggest moves midday: UPS, Ferrari, Facebook & more

Check out the companies making headlines midday Wednesday:

Facebook — Facebook shares surged after the social media giant posted quarterly earnings that easily beat expectations. The company’s quarterly revenue also topped estimates. Average revenue per user, a key metric for Facebook, came in at $7.37, above an estimate of $7.11.

Avon Products — Shares of the beauty company jumped 20 percent after well-known portfolio manager Bill Miller told CNBC it was the most interesting stock he has added recently. The former Legg Mason star money manager, known for beating the S&P 500 for 15 years straight until 2005, said the stock could rally 10 times higher in the next three to five years.

Coty — Shares of Avon’s rival also spiked after Miller told CNBC he was buying a personal position in the company at around $8 per share. Coty had tried to buy Avon for $10 billion in 2012, but it was Avon rejected the takeover offer.

Ferrari — The luxury car maker’s stock jumped more than 10 percent and was on track to post its biggest one-day gain ever. Ferrari reported earnings that were mostly in line with expectations as well as better-than-forecast earnings guidance.

UPS – Shares of the parcel-delivery company jumped more than 5 percent in intraday trading after it said it carried more package and generated higher prices from shipments in the fourth quarter. While it posted earnings per share of $1.94 in the last quarter, UPS also said it expects its bottom line to improve in 2019 thanks to operational strategies.

PayPal — The payment company’s stock stumbled after reporting lower revenue and lighter 2019 outlook than Wall Street was expecting on Wednesday. PayPal’s earnings beat expectations but the company cited slumping growth in its former parent company eBay as a continuing headwind. It notched record growth in its peer-to-peer payments app Venmo.

Charter Communications – Charter stock was up more than 15 percent in midday trading Thursday after the company topped quarterly sales estimates and lured more customers for its internet platform. More and more subscribers are switching from its pay TV bundles in favor of cheaper streaming services.

General Electric — Shares of the embattled industrial conglomerate surged as much as 18 percent, its biggest gain in 9 years, after the company reported year-end revenue that was stronger than expected. CEO Larry Culp also hinted at an improving 2019 forecast, although GE did not provide earnings guidance for the year ahead.

1-800 Flowers.com. — The flower delivery company surged 19 percent Thursday after beating analysts’ expectations for the fourth quarter and issuing upbeat guidance for 2019. Revenue growth was helped by its Harry & David business, the CEO said.

— CNBC’s Thomas Franck , Fred Imbert and Michael Sheetz contributed reporting.

Programming Note: For more on PayPal, watch CFO John Rainey’s interview on “Mad Money” tonight at 6 p.m. ET.


Company: cnbc, Activity: cnbc, Date: 2019-01-31  Authors: kate rooney, andrew renneisen, getty images
Keywords: news, cnbc, companies, moves, stock, surged, quarterly, ups, expectations, making, ferrari, biggest, shares, stocks, facebook, company, 2019, quarter, midday, earnings, revenue


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Roku, which surged 25% Monday, falls again after Citron calls it ‘uninvestable’

Roku dipped about 6.5 percent Tuesday morning after Citron Research called the stock “uninvestable” in a tweet in light of changes to the competitive landscape. The stock surged 25 percent the day before after releasing early Q4 viewership numbers that beat analyst expectations. Even Citron initially was positive on the news, saying in a tweet that it had originally gone long on Roku at $35 per share. APPLE TEAMING UP WITH SAMSUNG., ROKU CEO selling last week, and short interest at lows. As part


Roku dipped about 6.5 percent Tuesday morning after Citron Research called the stock “uninvestable” in a tweet in light of changes to the competitive landscape. The stock surged 25 percent the day before after releasing early Q4 viewership numbers that beat analyst expectations. Even Citron initially was positive on the news, saying in a tweet that it had originally gone long on Roku at $35 per share. APPLE TEAMING UP WITH SAMSUNG., ROKU CEO selling last week, and short interest at lows. As part
Roku, which surged 25% Monday, falls again after Citron calls it ‘uninvestable’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-08  Authors: lauren feiner, david orrell
Keywords: news, cnbc, companies, falls, streaming, stock, surged, roku, samsung, citron, uninvestable, customers, week, 25, tv, content, calls, services


Roku, which surged 25% Monday, falls again after Citron calls it 'uninvestable'

Roku dipped about 6.5 percent Tuesday morning after Citron Research called the stock “uninvestable” in a tweet in light of changes to the competitive landscape.

The stock surged 25 percent the day before after releasing early Q4 viewership numbers that beat analyst expectations. Roku, which offers streaming players and TV models that allow customers to stream content from various services, also announced Monday that Westinghouse Electronics would license Roku’s TV software. Even Citron initially was positive on the news, saying in a tweet that it had originally gone long on Roku at $35 per share.

But on Tuesday, Citron said in the tweet it has “to recognize when the story has changed. APPLE TEAMING UP WITH SAMSUNG., ROKU CEO selling last week, and short interest at lows. Risk/reward no longer there. Expect big retracement.”

Apple and Samsung, typically fierce rivals, surprised the public by announcing a deal on Sunday to offer Apple services on Samsung devices. As part of the deal, some Samsung smart TVs will be able to access movie and TV content through iTunes, giving customers another streaming alternative to Roku. Customers will also be able to send content to their TV screens through AirPlay 2 on iPhone and iPad, according to the announcement Sunday.

Roku’s stock was still up more than 16 percent for the week Tuesday morning with a market value of about $4.3 billion. The company is expected to report its fourth quarter 2018 and full year earnings in February.

Subscribe to CNBC on YouTube.

Watch: Here are the tech stocks to watch heading into 2019


Company: cnbc, Activity: cnbc, Date: 2019-01-08  Authors: lauren feiner, david orrell
Keywords: news, cnbc, companies, falls, streaming, stock, surged, roku, samsung, citron, uninvestable, customers, week, 25, tv, content, calls, services


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The last time oil did this, it surged 80 percent

We want to see crude oil above $50, says equity strategist 22 Hours Ago | 03:02Crude oil could be on the verge of a big comeback. Now after we saw that low, crude oil rallied 80 percent,” Maley said on CNBC’s “Trading Nation” on Thursday. Crude oil bounced around the $50 level in November and December, forming a layer of resistance. Michael Bapis, managing directing director at Vios Advisors at Rockefeller Capital Management, also sees a rally ahead for crude oil. While crude oil slumped 36 perc


We want to see crude oil above $50, says equity strategist 22 Hours Ago | 03:02Crude oil could be on the verge of a big comeback. Now after we saw that low, crude oil rallied 80 percent,” Maley said on CNBC’s “Trading Nation” on Thursday. Crude oil bounced around the $50 level in November and December, forming a layer of resistance. Michael Bapis, managing directing director at Vios Advisors at Rockefeller Capital Management, also sees a rally ahead for crude oil. While crude oil slumped 36 perc
The last time oil did this, it surged 80 percent Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-03  Authors: keris lahiff, mason trinca, the washington post, getty images, ken cedeno, corbis, elijah nouvelage, misha friedman, bloomberg, kcna
Keywords: news, cnbc, companies, 50, oil, rally, months, crude, maley, surged, production, 80, level, bapis, saw


The last time oil did this, it surged 80 percent

We want to see crude oil above $50, says equity strategist 22 Hours Ago | 03:02

Crude oil could be on the verge of a big comeback.

Since surging to four-year highs in October, the commodity has plummeted 39 percent down to levels not seen since mid-2017.

The last time it saw these lows, it had a massive rally, says Matt Maley, equity strategist at Miller Tabak.

“It got down to the $42.53 level, or $42.50, and that was the low it saw back 18 months ago in June 2017. Now after we saw that low, crude oil rallied 80 percent,” Maley said on CNBC’s “Trading Nation” on Thursday. “It got right exactly to that level on Christmas Eve and has bounced almost 10 percent since then.”

Crude oil now has to clear one critical level for Maley to have faith in this rebound.

“We’re not out of the woods yet. We need to see more upside follow through and what we want to see is it get above $50,” said Maley.

Crude oil bounced around the $50 level in November and December, forming a layer of resistance. That price had previously acted as support for the commodity.

“If we can break above that and hold, that’ll show that we got a real nice double bottom, much like we got in 2016, and should give us a nice upside rally. It may not be 80 percent but it should be a good rally,” said Maley.

Michael Bapis, managing directing director at Vios Advisors at Rockefeller Capital Management, also sees a rally ahead for crude oil.

“It’s a supply-and-demand issue,” Bapis said on “Trading Nation” on Thursday. “We saw OPEC cut production by the most in two years, and it’s starting to work this month. The U.S. oil production is also much lower than people expected.”

OPEC posted its biggest drop in output in December in nearly two years, according to Reuters. Production dropped by 460,000 barrels per day last month, the steepest decline since January 2017.

One name in particular stands out to Bapis as a stock that could rally off of a crude comeback: EOG Resources, a petroleum and natural gas exploration company.

“EOG, they’ve outperformed the commodity between 15 and 20 percent over the past 12 to 18 months and we think they’ll continue to outperform,” said Bapis.

While crude oil slumped 36 percent over the past six months, EOG fell by a smaller 27 percent. Its shares were up nearly 3 percent this week as of Thursday’s closing.


Company: cnbc, Activity: cnbc, Date: 2019-01-03  Authors: keris lahiff, mason trinca, the washington post, getty images, ken cedeno, corbis, elijah nouvelage, misha friedman, bloomberg, kcna
Keywords: news, cnbc, companies, 50, oil, rally, months, crude, maley, surged, production, 80, level, bapis, saw


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Japanese stocks soar more than 3.5 percent, but China dragged lower by oil giant news

Shares in much of Asia rose on Thursday afternoon following an overnight surge in stocks on Wall Street. Shares of Japan Display surged 5.88 percent on the back of a report that the iPhone XR comprised 32 percent of Apple’s iPhone sales in the U.S. in the 30 days after its release. Japan Display supplies the liquid crystal display panels used in the iPhone XR. However, both U.S. and Brent crude pared some of Wednesday’s big gains in Thursday’s afternoon Asian trading hours. The U.S. crude future


Shares in much of Asia rose on Thursday afternoon following an overnight surge in stocks on Wall Street. Shares of Japan Display surged 5.88 percent on the back of a report that the iPhone XR comprised 32 percent of Apple’s iPhone sales in the U.S. in the 30 days after its release. Japan Display supplies the liquid crystal display panels used in the iPhone XR. However, both U.S. and Brent crude pared some of Wednesday’s big gains in Thursday’s afternoon Asian trading hours. The U.S. crude future
Japanese stocks soar more than 3.5 percent, but China dragged lower by oil giant news Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-12-27  Authors: eustance huang
Keywords: news, cnbc, companies, rose, 35, crude, dragged, display, japan, jumped, surged, giant, japanese, stocks, iphone, soar, day, lower, oil, china, trading, brent


Japanese stocks soar more than 3.5 percent, but China dragged lower by oil giant news

Shares in much of Asia rose on Thursday afternoon following an overnight surge in stocks on Wall Street.

Japan’s Nikkei 225, which has veered in and then out of bear market territory this week, surged 3.88 percent on the day to close at 20,077.62 while the Topix jumped 4.90 percent to finish its trading day at 1,501.63 as the two indexes climbed for the second-straight day after their Christmas Day tumble.

Shares of Japan Display surged 5.88 percent on the back of a report that the iPhone XR comprised 32 percent of Apple’s iPhone sales in the U.S. in the 30 days after its release. Japan Display supplies the liquid crystal display panels used in the iPhone XR.

In Australia, the ASX 200 rose 1.88 percent to close at 5,597.2, with all sectors seeing gains.

Of note, the energy sector Down Under jumped 3.2 percent, with shares of oil-related companies advancing. Santos rose 2.67 percent, Woodside Petroleum gained 4.16 percent and Beach Energy climbed up by 1.14 percent.

Similar gains were seen in Japan, where Inpex advanced 4.28 percent, JXTG jumped 8.06 percent, Fuji Oil gained 5.04 percent and Japan Petroleum Exploration soared 6.08 percent.

Those moves came on the back of a strong rebound in oil prices on Wednesday, which saw both U.S. and international benchmark Brent crude post their largest one-day increase since Nov. 30, 2016, when OPEC signed a landmark agreement to cut production.

However, both U.S. and Brent crude pared some of Wednesday’s big gains in Thursday’s afternoon Asian trading hours. The U.S. crude futures contract slipped 0.3 percent to $46.08 per barrel while the Brent crude futures contract also shed 0.18 percent to $54.37 per barrel.

South Korea’s Kospi closed largely flat at 2,028.44.


Company: cnbc, Activity: cnbc, Date: 2018-12-27  Authors: eustance huang
Keywords: news, cnbc, companies, rose, 35, crude, dragged, display, japan, jumped, surged, giant, japanese, stocks, iphone, soar, day, lower, oil, china, trading, brent


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GlaxoSmithKline agrees to buy Tesaro for $5.1 billion

Tesaro shares surged 58 percent Monday after GlaxoSmithKline agreed to buy the cancer treatment company for $75 per share, or about $5.1 billion. The deal represents a more than 60 percent premium over Tesaro’s closing price on Friday of $46.38 per share. Bloomberg reported last month that Tesaro was exploring the opportunity of a sale. Tesaro’s shares have suffered losses after it shared disappointing results on Nov. 9 for treatment of small-cell lung cancer. GlaxoSmithKline expects the deal to


Tesaro shares surged 58 percent Monday after GlaxoSmithKline agreed to buy the cancer treatment company for $75 per share, or about $5.1 billion. The deal represents a more than 60 percent premium over Tesaro’s closing price on Friday of $46.38 per share. Bloomberg reported last month that Tesaro was exploring the opportunity of a sale. Tesaro’s shares have suffered losses after it shared disappointing results on Nov. 9 for treatment of small-cell lung cancer. GlaxoSmithKline expects the deal to
GlaxoSmithKline agrees to buy Tesaro for $5.1 billion Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-12-03  Authors: berkeley lovelace jr, eric thayer, bloomberg, getty images
Keywords: news, cnbc, companies, tesaro, 51, walmsley, surged, billion, agrees, shares, glaxosmithkline, treatment, tesaros, share, buy, unanimously, deal


GlaxoSmithKline agrees to buy Tesaro for $5.1 billion

Tesaro shares surged 58 percent Monday after GlaxoSmithKline agreed to buy the cancer treatment company for $75 per share, or about $5.1 billion.

The deal represents a more than 60 percent premium over Tesaro’s closing price on Friday of $46.38 per share. GlaxoSmithKline’s stock was 8.2 percent lower Monday.

“The acquisition of Tesaro will strengthen our pharmaceuticals business by accelerating the build of our oncology pipeline and commercial footprint, along with providing access to new scientific capabilities,” GlaxoSmithKline CEO Emma Walmsley said in a statement.

Bloomberg reported last month that Tesaro was exploring the opportunity of a sale. Tesaro’s shares have suffered losses after it shared disappointing results on Nov. 9 for treatment of small-cell lung cancer.

The deal announced Monday was unanimously approved by Tesaro’s board. GlaxoSmithKline expects the deal to close in the first quarter of 2019.


Company: cnbc, Activity: cnbc, Date: 2018-12-03  Authors: berkeley lovelace jr, eric thayer, bloomberg, getty images
Keywords: news, cnbc, companies, tesaro, 51, walmsley, surged, billion, agrees, shares, glaxosmithkline, treatment, tesaros, share, buy, unanimously, deal


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Four tariff-proof stocks to weather rising China-U.S. tensions

Mark Tepper, president and CEO of Strategic Wealth Partners, said domestically focused companies with a consumer lean should do well. He said one stock fits that bill: Darden Restaurants. “Darden owns restaurants like Olive Garden, Longhorn and Capital Grille, and since wage growth has been accelerating, the consumer has more money so they are more likely to go out for dinner,” Tepper said Tuesday on CNBC’s “Trading Nation.” As the rest of the market has plummeted this month, Darden has surged 6


Mark Tepper, president and CEO of Strategic Wealth Partners, said domestically focused companies with a consumer lean should do well. He said one stock fits that bill: Darden Restaurants. “Darden owns restaurants like Olive Garden, Longhorn and Capital Grille, and since wage growth has been accelerating, the consumer has more money so they are more likely to go out for dinner,” Tepper said Tuesday on CNBC’s “Trading Nation.” As the rest of the market has plummeted this month, Darden has surged 6
Four tariff-proof stocks to weather rising China-U.S. tensions Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-28  Authors: keris lahiff, saul loeb, afp, getty images, david paul morris, krisztian bocsi, scott mlyn, kcna
Keywords: news, cnbc, companies, weather, rising, tepper, wealth, stocks, strategic, chinaus, trading, darden, tensions, track, surged, wage, consumer, stock, tariffproof


Four tariff-proof stocks to weather rising China-U.S. tensions

Mark Tepper, president and CEO of Strategic Wealth Partners, said domestically focused companies with a consumer lean should do well. He said one stock fits that bill: Darden Restaurants.

“Darden owns restaurants like Olive Garden, Longhorn and Capital Grille, and since wage growth has been accelerating, the consumer has more money so they are more likely to go out for dinner,” Tepper said Tuesday on CNBC’s “Trading Nation.”

As the rest of the market has plummeted this month, Darden has surged 6 percent. It’s on track for an 18 percent increase for the year.


Company: cnbc, Activity: cnbc, Date: 2018-11-28  Authors: keris lahiff, saul loeb, afp, getty images, david paul morris, krisztian bocsi, scott mlyn, kcna
Keywords: news, cnbc, companies, weather, rising, tepper, wealth, stocks, strategic, chinaus, trading, darden, tensions, track, surged, wage, consumer, stock, tariffproof


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After Powell comments, traders see only two more interest rate hikes

Powell said the Fed’s key benchmark interest rate is near the neutral rate — the rate where the Fed could consider stopping rate hikes. That’s an important change from a comment he made in early October about the neutral rate being a long way off. The Dow surged by more than 400 points, and the 2-year Treasury yield, most reflective of the Fed rate policy, sold off hard. Neutral is the rate at which the Fed believes its benchmark interest rate neither stimulates nor slows the economy, but what t


Powell said the Fed’s key benchmark interest rate is near the neutral rate — the rate where the Fed could consider stopping rate hikes. That’s an important change from a comment he made in early October about the neutral rate being a long way off. The Dow surged by more than 400 points, and the 2-year Treasury yield, most reflective of the Fed rate policy, sold off hard. Neutral is the rate at which the Fed believes its benchmark interest rate neither stimulates nor slows the economy, but what t
After Powell comments, traders see only two more interest rate hikes Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-28  Authors: patti domm, andrew harrer, bloomberg, getty images
Keywords: news, cnbc, companies, hikes, fed, traders, market, interest, neutral, comments, powell, rates, yield, surged, thats, rate


After Powell comments, traders see only two more interest rate hikes

Stocks surged and bonds sold off Wednesday afternoon in a powerful move, after market pros took Fed Chairman Jerome Powell’s comment to mean the Fed is nearing an end of its rate-hiking cycle.

Powell said the Fed’s key benchmark interest rate is near the neutral rate — the rate where the Fed could consider stopping rate hikes. That’s an important change from a comment he made in early October about the neutral rate being a long way off.

The Dow surged by more than 400 points, and the 2-year Treasury yield, most reflective of the Fed rate policy, sold off hard. The 2-year yield fell to 2.79 percent after reaching a high earlier of 2.85 percent.

“It’s a game of semantics because after a rate hike in two weeks, the fed funds range is going to be 2.25-2.50 percent, and if 3 percent is neutral, then 2.5 is just below 3,” said Peter Boockvar, chief investment officer at Bleakley Financial. “The market is taking this as maybe we’ve got two hikes left, and we’re close. It’s a word game, but I think that’s what people are latching onto.”

After Powell’s comments, BMO U.S. rates strategist Jon Hill said, the futures market went from pricing in 1.6 hikes next year, to just above one full rate hike and a 25 percent probability of a second one. It’s still pricing in a full December rate hike.

The Fed is expected to raise rates by a quarter point at its meeting Dec. 19, and has forecast three more hikes for next year.

Ward McCarthy, chief financial economist at Jefferies, said Powell is confirming the Fed’s forecast. “They are shooting for 3 percent,” he said. Neutral is the rate at which the Fed believes its benchmark interest rate neither stimulates nor slows the economy, but what that level is has been the topic of much debate.

Some economists, including those at Goldman Sachs and J.P. Morgan Chase, have four interest rates hikes in their forecasts for next year.


Company: cnbc, Activity: cnbc, Date: 2018-11-28  Authors: patti domm, andrew harrer, bloomberg, getty images
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Marijuana producer Tilray says revenue surged more than 85 percent last quarter

“The biggest challenge is that there’s just so much demand, which is interesting to see,” he added. “It definitely takes six to 12 months for supply and demand to reach some sort of equilibrium.” The pressure is on for Tilray to offer shareholders a reason for optimism as well as justify its steep valuation. Based in Nanaimo, British Columbia, Tilray is the largest of the publicly traded Canadian cannabis companies by market capitalization. Total kilograms sold increased over two-fold to 1,613 k


“The biggest challenge is that there’s just so much demand, which is interesting to see,” he added. “It definitely takes six to 12 months for supply and demand to reach some sort of equilibrium.” The pressure is on for Tilray to offer shareholders a reason for optimism as well as justify its steep valuation. Based in Nanaimo, British Columbia, Tilray is the largest of the publicly traded Canadian cannabis companies by market capitalization. Total kilograms sold increased over two-fold to 1,613 k
Marijuana producer Tilray says revenue surged more than 85 percent last quarter Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-13  Authors: thomas franck
Keywords: news, cnbc, companies, company, surged, past, quarter, revenue, demand, tilray, 85, stock, months, kilograms, producer, theres, marijuana


Marijuana producer Tilray says revenue surged more than 85 percent last quarter

Tilray CEO: Our biggest challenge is that there’s so much demand for product 7 Hours Ago | 03:01

“All of that revenue for this quarter is medical and we look forward to next quarter, when we’ll start to see some Canadian adult-use revenue in that earnings report,” Kennedy said.

“The biggest challenge is that there’s just so much demand, which is interesting to see,” he added. “It definitely takes six to 12 months for supply and demand to reach some sort of equilibrium.”

The pressure is on for Tilray to offer shareholders a reason for optimism as well as justify its steep valuation.

Tilray’s stock has climbed more than 320 percent over the past three months, making it one of the most speculative names on the Street. Though it posted just $20 million in revenue last year (and is projected to generate just $140 million in 2019), the company has a market cap of about $10.5 billion.

The stock, which trades on the NASDAQ, is down 23 percent over the past month as investors cashed in for profits.

The stock pared some of its losses following those comments and was last down 2 percent in after hours trading.

Based in Nanaimo, British Columbia, Tilray is the largest of the publicly traded Canadian cannabis companies by market capitalization.

The company reported an adjusted loss for last quarter of 8 cents versus an expected 12 cents per share loss, according to the four analysts polled by Refinitiv. Total kilograms sold increased over two-fold to 1,613 kilograms from 684 kilograms in the prior year.

Tilray announced earlier in the third quarter that it had become the first and only company to receive regulatory approval in Canada and Germany to export medical cannabis flower for distribution to German patients.


Company: cnbc, Activity: cnbc, Date: 2018-11-13  Authors: thomas franck
Keywords: news, cnbc, companies, company, surged, past, quarter, revenue, demand, tilray, 85, stock, months, kilograms, producer, theres, marijuana


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European stocks climb; Bank of England holds rates

The pan-European Stoxx 600 finished provisionally up by 0.24 percent with sectors and major bourses almost evenly split between winners and losers. Europe’s telecoms stocks led the gains on the back of robust earnings results. On the other hand, oil and gas stocks fell under pressure. Tgs-Nopec Geophysical fell more than 9.8 percent after posting weaker-than-anticipated third-quarter operating profit. Looking across the European benchmark, ASMI surged near the top of the European benchmark on Th


The pan-European Stoxx 600 finished provisionally up by 0.24 percent with sectors and major bourses almost evenly split between winners and losers. Europe’s telecoms stocks led the gains on the back of robust earnings results. On the other hand, oil and gas stocks fell under pressure. Tgs-Nopec Geophysical fell more than 9.8 percent after posting weaker-than-anticipated third-quarter operating profit. Looking across the European benchmark, ASMI surged near the top of the European benchmark on Th
European stocks climb; Bank of England holds rates Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-01  Authors: david reid, silvia amaro, sam meredith
Keywords: news, cnbc, companies, telecoms, tgsnopec, thirdquarter, benchmark, fell, winners, european, rates, stocks, holds, climb, bank, england, weakerthananticipated, surged


European stocks climb; Bank of England holds rates

The pan-European Stoxx 600 finished provisionally up by 0.24 percent with sectors and major bourses almost evenly split between winners and losers.

Europe’s telecoms stocks led the gains on the back of robust earnings results. BT was the top sectoral performer, after raising its company outlook. Shares were 8.6 percent higher at the close.

On the other hand, oil and gas stocks fell under pressure. Tgs-Nopec Geophysical fell more than 9.8 percent after posting weaker-than-anticipated third-quarter operating profit.

Looking across the European benchmark, ASMI surged near the top of the European benchmark on Thursday, up 10.8 percent, after strong third-quarter results.

Meanwhile, Credit Suisse dropped nearly 2.1 percent after missing forecasts, despite a 74 percent increase in net income from a year ago.


Company: cnbc, Activity: cnbc, Date: 2018-11-01  Authors: david reid, silvia amaro, sam meredith
Keywords: news, cnbc, companies, telecoms, tgsnopec, thirdquarter, benchmark, fell, winners, european, rates, stocks, holds, climb, bank, england, weakerthananticipated, surged


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