Buying canopy growth corp stocks

U.S. stocks again started the day mixed after a report said that U.S. retail and food services fell more than expected last month. Investors are also digesting a slew of quarterly earnings reports from banks, as JPMorgan Chase & Co. ( JPM ) and Citigroup Inc. ( C ) recorded income declines, while Wells Fargo & Company ( WFC ) said that profit jumped. The Dow Jones Industrial Average (DJIA) and the S&P 500 are poised to finish the week lower, while the Nasdaq may end up higher for the week. All three major indexes finished lower yesterday. Key Takeaways Stocks are mixed again this morning, with the Nasdaq gaining and the Dow and S&P 500 falling. Retail and food sales sank 1.9% in December, marking the biggest drop in 10 months. JPMorgan and Citigroup reported falling quarterly profit, while Wells Fargo reported fourth quarter profit that beat analysts' forecasts. The University of Michigan will release its Consumer Sentiment Index for … [Read more...] about Stocks Mixed as Retail Sales Drop Most in 10 Months

U.S. equity markets are sinking as Russia escalates attacks on Ukraine, raising concerns about disruptions of oil and other commodities. The Dow at one point was down more than 600 points, while crude oil approached $107 a barrel. Key Takeaways The Dow Jones fell more than 600 points as crude oil surged past $105 a barrel and financial and travel company shares slumped. Wheat and corn futures traded limit up as both Russia and Ukraine are major exporters, with wheat hitting prices not seen since 2008. Retailers including Target and Walmart are trading higher. Oil prices are soaring to more than $105 a barrel, the highest they’ve been since 2014. Wheat and corn futures traded limit up as both Russia and Ukraine are major exporters. Wheat prices are at levels not seen since 2008. Investors continued to put money into haven investments. Bond prices are rising with the yield on the 10-year Treasury note falling another 11 basis points (BPS) to 1.72%. Gold and … [Read more...] about Stocks’ Rout Deepens as Oil Soars and Russian Invasion Raises Recovery Worries

- A + A NEW YORK/BENGALURU (May 16): Wall Street's main indexes fell on Monday, as downbeat data out of China added to worries about a global economic slowdown against the backdrop of aggressive policy tightening by the US Federal Reserve. Chinese and European stock markets fell, while oil slid as data showed China's economic activity cooled sharply in April as Covid-19 lockdowns took a heavy toll on consumption, industrial production and employment. Nine of the 11 major S&P sectors declined in morning trade. Technology and consumer discretionary stocks fell 1.6% and 1.8% respectively. Big growth companies such as Amazon.com, Alphabet Inc, Microsoft Corp, Apple Inc, Tesla Inc and Nvidia Corp slipped between 1.1% and 2.6%. Energy shares outperformed and were up 1.5%. Wall Street closed sharply higher on Friday, but still the S&P 500 and the Nasdaq indexes posted their longest weekly losing streaks in over a decade. "Investors are just a little bit … [Read more...] about Wall Street falls as growth stocks, glum China data weigh

- A + A LONDON (May 16): European stocks slipped on Monday and Wall Street was set for a lower open, as investor sentiment struggled to recover from last week's sell off amid fears of a slowdown in economic growth. Global shares hit their lowest point in 18 months last week, with investors worried that rising interest rates to counter high inflation will damage the global economy. Unexpectedly weak economic data kept from China kept those worries in centre stage on Monday. April retail sales plunged 11.1% on the year, almost twice the fall forecast, as full or partial Covid-19 lockdowns were imposed in dozens of cities. Industrial output dropped 2.9% when analysts had looked for a slight increase. At 1104 GMT, the MSCI world equity index, which tracks shares in 50 countries, was up around 0.1% on the day, struggling to recover from last week's lows. Europe's STOXX 600 was down 0.2%, while London's FTSE 100 was down flat. US stock index futures pointed to a … [Read more...] about Stock markets struggle as fears over economy grow

Shares for The Walt Disney Company ( DIS ) fell by almost 3% after analysts at investment firm Guggenheim Partners downgraded the stock over concerns for the company's future profit growth. Disney, which reports earnings on Feb. 9, closed trading at $155.44 on Jan. 13. As of this writing, the stock is changing hands for $151.13. Key Takeaways Disney stock is falling because it was downgraded to Neutral from Buy by investment firm Guggenheim Partners. The firm cited the threat of new COVID variants disrupting operations and the entertainment behemoth's increased content spend as reasons for its downgrade. Out of 17 analysts covering Disney, 14 have still rated it a Buy for 2022. Why Did Guggenheim Downgrade Disney? Analysts at Guggenheim downgraded Disney stock to Neutral from their earlier Buy rating. They also cut the firm's price target on Disney shares to $165 from $205 due to "broader business pressure." Elements of this pressure include higher wages … [Read more...] about Disney (DIS) Falls on Guggenheim Downgrade

Federal Reserve President Jerome Powell told Congress while the Fed still plans to hike interest rates to combat inflation, the economic impact from the invasion of Ukraine remains “highly uncertain,” and policymakers will need to be “nimble” in responding to new information. Key Takeaways Stocks are moving higher, gaining back ground lost yesterday, despite the Federal Reserve saying interest rates will move higher this month. ADP reported private-sector jobs jumped more than anticipated last month. Ford, Chevron, Hewlett-Packard Enterprises, and AutoZone are among companies gaining today. Solid economic and corporate news is edging stocks higher. All three major indices are up more than 1%, clawing back some of yesterday's losses. Almost all of the stocks in the Dow are rising. Shares of Chevron Corp. ( CVX ) and other energy companies are higher as the fighting in Ukraine increases concerns about disruptions in oil supplies. Oil futures reached the highest … [Read more...] about Market Wrap: Powell Sticks to Rate Hike, Ford Announces EV Move, AutoZone Soars

Russia continues its military buildup at the Ukrainian border, NATO said , disputing Russia's claims that it's removing troops. The rally in U.S. stocks stopped, with major indexes slipping after yesterday's surges. Economists will be mining the minutes from the January FOMC meeting—due later today from the Fed—for clues as to how aggressive the central bank will act in its efforts to curb inflation. Key Takeaways Russia continues adding troops at the border, NATO said, disputing Russia's claims that it is removing troops. The rally in U.S. stocks halted, while oil climbed. Stock declines came despite stronger-than-expected January retail sales. Stocks surged yesterday, snapping a three-day losing streak, on indications tensions between Russia and Ukraine were easing. The Dow rose 1.2%, while the S&P 500 gained 1.6%, and the Nasdaq shot up 2.5%. Later today, the Federal Reserve will release minutes from its January policy meeting . Investors will look for … [Read more...] about NATO Disputes Russian Withdrawals, an Alarming Yield Curve, and More Moving Today’s Market

FOR global investors trying to the gauge the fallout from surging interest rates and slowing economic growth, Hong Kong is quickly emerging as a must-watch market. Perhaps nowhere else is as exposed to two of the biggest worries roiling global asset prices – the Federal Reserve’s (Fed) rapidly tightening monetary policy and China’s sputtering economy. While Hong Kong’s US$466bil (RM2 trillion) foreign-reserves stockpile and plentiful interbank liquidity suggest little chance of an imminent crisis, signs of financial stress are building. This week saw the city intervene to prop up its pegged currency for the first time since 2019. Its stock market has tumbled this year at one of the fastest rates globally. Home prices in the world’s least affordable property market are falling and signs of capital flight are multiplying, after portfolio outflows last year topped US$100bil (RM440bil) for only the second time since Hong Kong’s 1997 handover to China. “There’s a lot the city … [Read more...] about Hong Kong becomes world’s must-watch market