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Ontario considers plan to revamp cannabis distribution process

Cannabis stocks are exploding today on Bloomberg’s report that Ontario officials are considering a plan to replace the slow moving lottery system to open legal dispensaries with a plan that could allow for up to 1,000 additional pot shops. Yahoo Finance’s Zack Guzman, Kristin Myers, and Payne Capital Management’s Courtney Dominguez discuss on YFi PM. …read more […]

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The Secret Behind Our Biggest Investing Legends

As a consumer of financial news, you’ve probably seen stories with headlines like…
Here’s How Much Money You’d Have If You Invested $1,000 in the IPO of [insert hugely successful company name here]
Here’s How Much Money You’d Have If You Invested $1,000 in Apple When Steve Jobs Launched the iPhone
If You Invested in Disney 10 Years Ago, Here’s How Much You’d Have Now
It’s a kind of parlor game. Pretty much every major financial news outlet does some variation on this theme.
It’s like looking at multimillion-dollar homes on Sotheby’s. Some people call this “real estate porn.”
But like the feeling of inadequacy you …read more […]

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Chinese antitrust regulator approves Boeing-Embraer deal

A Chinese antitrust regulator has approved Boeing Co’s deal to buy a controlling stake in the commercial jet division of Brazilian planemaker Embraer , according to a statement on the regulator’s website. The Boeing-Embraer deal appears on a list dated Nov. 19 of transactions “approved unconditionally” that is posted to the website of the Chinese State Administration for Market Regulation’s anti-monopoly department. Boeing, the world’s largest planemaker, has been seeking to finalize its purchase of 80% of Embraer’s commercial jet division in a bid to compete with Europe’s Airbus in the market for planes with fewer …read more […]

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UPDATE 1-GM's electric pickup to hit dealer showrooms in fall 2021 -CEO

General Motors Co’s first electric pickup truck model will go on sale in the fall of 2021, the company’s top executive said, around the same time that electric carmaker Tesla Inc’s own model is expected to debut. “General Motors understands truck buyers and … people who are new coming into the truck market,” Chief Executive Officer Mary Barra said at an investor conference in New York on Thursday. The No. 1 U.S. automaker has so far given few details on its planned line of electric pickup trucks. …read more […]

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Setting Upside and Downside Limits

A question I am asked as a trader is…
When do I exit a play?
Or…
How do I exit a play without being attached to my computer screen all day?
The answer is quite easy…
First, you must determine at what price you want to sell your position. Let’s assume that you have a standard “sell policy” once the option moves up by 20%.
Assume that you bought five options contracts for the AT&T January $38 calls for $1.
When you bought that option, you entered a limit order that reads: “BUY TO OPEN, 5 contracts of the AT&T Jan $38 calls, at a limit price …read more […]

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Disney (DIS) Stock: Next Stop, $175?

Heigh-ho, Heigh-ho, off to stream we go.Disney’s (DIS) new streaming service, Disney+, launched on November 12, with fireworks going off and stardust being sprinkled across the network. With 10 million sign ups in less than 48 hours, Disney shares reached a new all-time-high the following day.The numbers immediately establish Disney as among the leaders in the streaming industry. With Disney owned Hulu’s 26.8 million subscribers and ESPN’s 3.5 million, Disney has over 40 million viewers. Industry leader Netflix, by comparison, has 60 million.The move into streaming seems to be a shrewd one from the family entertainment colossus, as not only …read more […]

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GE Rises to 2019 High, Extending Gain After 75% Collapse

(Bloomberg) — General Electric Co. rallied mid-afternoon Thursday to touch the highest level in more than a year despite a mixed tape for the broader market.The stunning rebound in GE means it’s risen 45% since the bombshell allegations of accounting fraud against the company in mid-August from prominent financial examiner Harry Markopolos. The turn in investor sentiment was bolstered by GE’s third-quarter results when GE raised its cash-flow forecast for 2019 in the face of both tariff headwinds and pressures on the jet-engine business caused by the grounding of Boeing Co.’s 737 Max.The Boston-based company was among the top performers …read more […]