Year: 2020

Cannabis stocks have been red-hot following Tuesday’s election. The skyrocketing marijuana group has been led by Aurora Cannabis Inc. (NYSE: ACB), which is up 135% in the past two days alone.Voters in New Jersey, Arizona, South Dakota and Montana legalized recreational marijuana use on Election Day, while South Dakota and Mississippi also legalized medical marijuana.Related Links: Cannabis Stocks Rebound As Dust Settles Following US ElectionThe new state cannabis laws will expand the legal U.S. marijuana market, but the massive moves in weed stocks suggest something may be brewing that is much larger than the handful of states that voted to …read more […]

AT&T’s efforts to unload DirecTV make the latter’s eventual combination with Dish Network all the more “inevitable,” Dish chairman Charlie Ergen said Friday. The pay-TV rabble-rouser has used that word before to describe the longtime satellite rivals, and he stipulated during a call with Wall Street analysts after Dish’s third-quarter results that he had no […] …read more […]

With the saturation coverage of this week’s historic election, investors may have overlooked some awfully good news lately.
The economy has improved dramatically.
And stocks – which rallied sharply this week – are busy reflecting this reality.
In the past 10 days, we’ve learned that…

The U.S. economy grew at a galloping 33.1% rate in the third quarter.
An accompanying report revealed that new jobless claims declined by 40,000 in one week, to the lowest level since March 14, when the economic lockdown was about to begin.
The economy has already recovered about half of the 22 million jobs lost in March and April.
Consumer spending – …read more […]

Cannabis stocks have been on fire since Election day, and two of the hottest cannabis stocks have been Aurora Cannabis Inc (NYSE: ACB) and Tilray Inc (NASDAQ: TLRY).The huge moves in Tilray and Aurora over the past two days triggered some unusually large option trade on Friday as traders make massive bets on where cannabis stocks are headed next.Related Link: Cannabis Stocks Rebound As Dust Settles Following US ElectionThe Trades: On Friday, Benzinga Pro subscribers received dozens of option alerts related to unusually large trades of Tilray and Aurora options. Here are a handful of the biggest Tilray trades: …read more […]

…read more […]

We know that hedge funds generate strong, risk-adjusted returns over the long run, therefore imitating the picks that they are collectively bullish on can be a profitable strategy for retail investors. With billions of dollars in assets, smart money investors have to conduct complex analyses, spend many resources and use tools that are not always […] …read more […]

Investors around the world are excited. Many are searching for stocks that went up the most this week. Why? Because it appears we are headed for a political stalemate… or at least a divided government. And while this may trouble those seeking policy changes, it is exactly what the markets thrive on.

Markets Love a Divided Government
Our Senior Macroeconomic Analyst, Matt Benjamin, spoke recently about this very topic.
“The results of the election all but guarantee that we will continue to have a divided government… and gridlock. The Republicans are almost certain to retain control of the Senate, and the Democrats the …read more […]

Square blew away analyst expectations with its Q3 earnings report. The performance of its Cash App was a big highlight – and bitcoin was another. …read more […]

Do you have to aim for $1 million? More than a million? …read more […]

(Bloomberg) — Ray Dalio’s Bridgewater Associates spent weeks earlier this year tweaking its investment models to account for unprecedented government stimulus and the worsening pandemic. That hasn’t helped performance.The flagship Pure Alpha II fund has lost 18.6% through Thursday, according to a person familiar with the matter. That’s little changed from the decline it reported through the end of August.This year’s loss in Dalio’s main fund is shaping up to be its worst ever, putting him far behind other macro managers who have posted strong gains in 2020.Read more: Bridgewater’s Year of Losses, Withdrawals and Uneasy Staff The fund has …read more […]

The year is winding down, and most of us would say ‘good riddance.’ Is there evidence that the markets are getting back onto an upward track? The summer saw big gains on Wall Street, perhaps a bubble, but definitely a bull market. September saw it slip off track, October has seen a partial recovery, while November started with a bang — or to be more precise, a boom.Some of Wall Street’s analysts see the remaining time for some smart stock plays in a volatile environment, and they are tagging their top picks to start the new year on a high …read more […]

Mizuho Americas’ senior U.S./China internet analyst James Lee joins Yahoo Finance to discuss Uber’s third-quarter results, and what the passage of Proposition 22 in California means for the company. …read more […]

(Bloomberg) — Oil dropped toward $37 a barrel in New York as surging coronavirus cases and a tightly contested U.S. election sapped momentum from crude’s strong start to the week.Futures in New York dropped as much as 4.5% on Friday, but remain on track for a weekly gain. Democrat Joe Biden appeared to be on the brink of victory in the U.S. presidential race, but he may have to deal with a split Congress. Meanwhile, rising coronavirus cases continued to drag on the demand outlook, with various U.S. states reporting their biggest single-day rises.“Sentiment around oil is not very good …read more […]

October’s jobs numbers were strong, but economists have to huge concerns on their minds. …read more […]

As you might know, Upwork Inc. (NASDAQ:UPWK) just kicked off its latest third-quarter results with some very strong… …read more […]