Month: November 2019

Roku Inc’s stock tumbled 11% on Thursday after the video streaming company gave a quarterly report that Wall Street deemed not good enough to justify its sky-high valuation. Shares of the San Jose, California company, which reported a wider loss for the September quarter, are valued at an elevated 11 times revenue expected over the next 12 months, compared to a multiple of about 5 for streaming heavyweight Netflix, according to Refinitiv. Roku reported a September-quarter net loss and revenue that were better than analysts on average expected, according to Refinitiv. …read more […]

JERUSALEM/NEW YORK (Reuters) – Teva Pharmaceutical Industries Ltd on Thursday expressed confidence in its ability to continue paying down its huge debt burden even if it is forced to pay billions of dollars to settle thousands of U.S. opioid lawsuits. Attorneys general of four U.S. states had agreed on a proposed settlement under which Israel-based Teva would provide $23 billion (£17.94 billion) worth of generic Suboxone and pay $250 million in cash over 10 years. Reuters reported that the generic Subaxone that Teva plans to give away as part of its settlement will likely cost the company …read more […]

Economic uncertainty has held back value stocks, but fund manager Heather McPherson of T. Rowe Price Group Inc sees plenty of opportunity to scoop up undervalued shares, including in the financial and utilities sectors. Among her picks are American International Group Inc , Wells Fargo & Co and CenterPoint Energy Inc , she said on Thursday at the Reuters Global Investment Outlook 2020 Summit in New York. Shares of AIG, along with other property and casualty insurance companies, are poised to rise as concerns related to climate change and litigation drive up pricing, McPherson said. …read more […]

Airbus had 415 airplane orders in October, including its largest ever from a single airline, extending a wide lead over Boeing, which has been hit by the grounding of its 737 MAX. The Airbus deals, including a record order for 300 aircraft from India’s IndiGo announced last week, brought the January-October total to 718 aircraft or a net 542 after cancellations. Boeing has reported 170 orders through end-September, the latest period for which data is available, or a net total of 54 after cancellations. …read more […]

An ongoing debate has captured the global cannabis market. We’re all wondering… Will the industry ultimately be worth $200 billion… $500 billion… or – with everything considered – far more than that?
There are dozens of companies battling it out to stake their claims and rise to dominance.
For the past six years, cannabis company PharmaCielo (OTC: PHCEF) has been quietly building out its operations.
Mainstream investors might not recognize the name. But that could soon change.
Because all of the hard work the company has been doing is about to pay off.
PharmaCielo’s corporate headquarters is in Canada. But its medical marijuana grow operations …read more […]

We wouldn’t blame State Street Corporation (NYSE:STT) shareholders if they were a little worried about the fact that… …read more […]