Generally, people turn to large-cap stocks when the future looks uncertain. It’s almost cliche but has an element of truth to it. Large-cap stocks are generally more diversified, so if one part of the company’s portfolio gets hit, it has more to make up for it. And some even have counter-cyclical components, specifically for this
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Earlier this week Cantor Fitzgerald analysts initiated coverage of Aurora Cannabis (ACB), issuing a “neutral” rating to the stock. Meanwhile, the Canadian company has been announcing moves in the U.S. and Mexico. Company executives also made headlines this week by mispronouncing one of their flagship brands named after the California town, San Rafael. Whether this
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Chinese internet giant Tencent is set to open a blockchain-based virtual bank after the Hong Kong Securities and Futures Commission (SFC) approved a new license. Speaking at the World Blockchain Summit in Wuzhen, China on Friday, Tencent blockchain chief Yige Cai said the company’s virtual bank received the SFC’s green-light. Moving forward, the company will assemble
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After several new highs this week for the Dow Jones Industrial Average, S&P 500 and Nasdaq Composite, stocks took a breather on Friday. Trade-war worries heading into the weekend didn’t help matters, although bulls absorbed the news pretty well considering we’re still near record highs. Let’s take a look at a few top stock trades
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U.S. equities have enjoyed a surge to new record highs this week amid burgeoning hopes that the Trump Administration will finally land a new trade deal with China. The chatter is that the United States is now willing to roll back trade tariffs to secure an agreement, something Beijing feels is a necessary precondition to
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All stocks correct. It’s also a fact that growth stocks come and go. But sometimes Wall Street’s cautious dismissal of future prospects can lead to big-time profits. And right now Abiomed (NASDAQ:ABMD), Ulta Beauty Salon (NASDAQ:ULTA) and Baidu (ADR) (NASDAQ:BIDU) are three former dearly-held companies that maintain growth stock potential and bottoms ready for purchase.
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“Let’s untangle that a bit,” says Meltem Demirors, the chief strategy officer of CoinShares. “Bitcoin represents three different things.” In this episode of Bitcoin Macro, one of the most prolific voices in the space speaks with CoinDesk’s head of strategy, Nolan Bauerle, about bitcoin as software, as a “supranational global communication network” and as an
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SpaceX founder Elon Musk reacts at a post-launch news conference after the SpaceX Falcon 9 rocket, carrying the Crew Dragon spacecraft, lifted off on an uncrewed test flight to the International Space Station from the Kennedy Space Center in Cape Canaveral, Florida, March 2, 2019. Mike Blake | Reuters Tesla founder Elon Musk has fired
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Check out the companies making headlines before the bell: Walt Disney (DIS) – Disney reported quarterly earnings of $1.07 per share, 12 cents a share above estimates. Revenue also beat forecasts, boosted by a 52% increase in studio entertainment revenue amid a strong movie box office performance. Booking Holdings (BKNG) – Booking Holdings earned $45.36
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[Editor’s note: “10 Medical Marijuana Stocks to Cure Your Portfolio” was previously published in October 2019. It has since been updated to include the most relevant information available.] Invariably, no other investment class generates as much interest and controversy as marijuana stocks. Within a generation, public sentiment toward legalization shifted dramatically from strongly opposed to
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U.S. stocks keep cruising higher. All three broad market indices closed Thursday at all-time highs. It’s not hard to see why. Source: Shutterstock Earnings season impressed, with Disney (NYSE:DIS) the latest major company to deliver an impressive report. Trade war negotiations are heading in the right direction. The “risk-on” trade has returned, as lower-risk treasuries
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American companies are sitting on piles of cash, frustrating investors and leading some on Wall Street to wonder why they aren’t spending. Microsoft currently has the largest cash pile at $136.6 billion as of last quarter, according to estimates from FactSet. Berkshire Hathaway, Alphabet and Apple occupy the other top spots, with $128.2 billion, $121.2
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