• Weed stocks are trading at astronomical valuations despite not being able to operate in the US

    3 monthes ago - By Business Insider

    Weed stocks are astronomically valued compared to the tech, alcohol, and tobacco sectors.
    Markets Insider ranked several companies by a standard valuation metric which corrects for varying debt levels.
    The market does not appear concerned that the companies cannot operate in the US until federal legislation is passed to legalize marijuana consumption.
    Visit MarketsInsider.com for more stories.
    The stock market has high hopes for the marijuana sector, awarding several companies extremely rich valuations.
    These valuations, of more than 100 times sales, which are rarely seen outside of highly...
    Read more ...

     

  • Market Looks To Regain Some Ground After Trump Statement On Huawei

    Market Looks To Regain Some Ground After Trump Statement On Huawei

    3 monthes ago - By Forbes

    This morning, the mood seems lighter on Wall Street as stocks appear poised for a rebound ahead of a long holiday weekend
    Read more ...

     

  • US stocks rebound, but still face losses for the week

    3 monthes ago - By Chron

    NEW YORK - U.S. stocks rebounded in morning trading on Wall Street Friday, but were still on track for a third straight week of losses.
    The market has been swaying between gains and losses all week as investors face the prospect that the trade war between the U.S. and China will drag on longer than anticipated. Trading has been volatile since the dispute escalated earlier this month, with both sides taking measures to raise tariffs on each other's goods.
    President Donald Trump said Thursday that he expects to meet with his Chinese counterpart Xi Jinping at a summit next month in Japan...
    Read more ...

     

  • Markets Right Now: Stocks rebound, led by tech companies

    3 monthes ago - By Chron

    NEW YORK - The latest on developments in financial markets :
    9:35 a.m.
    Stocks are rising at the open on Wall Street Friday, led by gains in technology companies, as the market tries to rebound from steep losses a day earlier.
    Intuit gained 4.8% after the maker of TurboTax reported quarterly earnings and revenue that topped expectations.
    The major indexes are still looking at weekly declines. Investors have been worrying about the escalating trade war between the U.S. and China, though things were quiet on the trade front early Friday.
    The Dow rose 168 points, or 0.7%, to 25,658. The S&P...
    Read more ...