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September 18, 2019
Less than two weeks after VanEck and SolidX rolled out the VanEck SolidX Bitcoin Trust ETF (XBTC), a bitcoin exchange traded product aimed at institutional investors, the firms said they’re withdrawing plans for bitcoin exchange traded fund aimed at a broader swath of investors.
September 16, 2019
Saudi Arabia suffered a drone strike at its Abqaiq crude oil processing facility over the weekend, which happens to be the “most critical” piece of infrastructure in the country.The price of Brent crude and WTI oil traded higher by around 10% Monday morning.
September 13, 2019
Castle Creek Pharmaceutical Holdings announced it will acquire Fibrocell Science, Inc.
FCSC, a cell and gene therapy company in a $3 per share cash. Castle Creek Pharmaceuticals is a privately held company developing therapies for patients with rare, serious or debilitating dermatologic conditions.
September 11, 2019
GE’s ownership stake of Baker Hughes stands at around 522 million shares, or 50.4% of the company. GE will sell up to 120.75 million Baker Hughes shares in a secondary offer and Baker Hughes will buy $250 million worth of shares from GE in a separate transaction, according to Reuters.
September 10, 2019
Apple Inc. AAPL will host its annual product launch on Tuesday and consumers are likely to be greeted with incremental improvements in new devices. Apple’s annual tradition of hosting a product launch event will likely be consistent with prior years, according to CNBC. Management introduces new products and explains new features and Tuesday’s event will likely include incremental improvements from past generations.
September 9, 2019
Gainers: Frontline, Inc. FRO stock moved upwards by 4.1% to $8.84 during Monday’s pre-market session.; Ballard Power Systems, Inc. BLDPshares rose 2.2% to $4.71. The market cap seems to be at $506.8 million. According to the most recent rating by Roth Capital, on July 01, the current rating is at Sell.
September 5, 2019
Here’s a roundup of top developments in the biotech space over the last 24 hours. Stocks In Focus: SAGE Therapeutics Inc, Axsome Therapeutics Inc, Bristol-Myers Squibb Co, Uniqure NV, Aerie, Puma Biotechnology Inc, Synlogic
September 4, 2019
Members of the United Auto Workers union overwhelmingly voted to give their leaders authorization to strike, if necessary, as the union negotiates this year with the “Big 3” American automakers: General Motors Company, GM, Ford Motor Company F and Fiat Chrysler Automobiles NV FCAU.
August 29, 2019
Gold’s recent rally is providing predictable benefits to some other popular exchange traded funds, those being miners products, including the VanEck Vectors Gold Miners ETF (GDX). Bullion is being bolstered by global central banks on multiple fronts. Not only are central banks, in both developed and emerging markets, seemingly racing to lower interest rates, many of those banks are also gobbling up gold.
August 27, 2019
Jeff Bezos is the face of Amazon.com, Inc. AMZN. But working quietly behind the scenes was Kurt Zumwalt, Amazon’s global treasurer who quit his post after 15 years, CNBC reported. Zumwalt’s LinkedIn page says he “built and scaled” Amazon’s treasury department, which he oversaw as the company grew from $5 billion in revenue to more than $200 billion.
August 26, 2019
Credit Suisse lowered Pivotal Software Inc PVTL price target from $20 to $15. Pivotal Software shares closed at $14.88 on Friday.Morgan Stanley boosted Intuit Inc. INTU price target from $244 to $260. Intuit shares closed at $278.74 on Friday.
August 22, 2019
Small-cap stocks and exchange traded funds are lagging their large-cap counterparts this. A comparison of the iShares Russell 2000 ETF (IWM) and the large-cap iShares Russell 1000 ETF (IWB) confirms as much.
August 19, 2019
Low volatility exchange traded funds are getting plenty of attention (and assets) from investors these, but the ones on the receiving end of the most adulation are, not surprisingly, large-cap funds like the Invesco S&P 500 Low Volatility ETF SPLV. As is often the case, low volatility or otherwise, mid-cap stocks and ETFs are going overlooked.
August 16, 2019
With Treasury yields on a seemingly unabated decline in the U.S. and market participants expecting more interest rate cuts by the Federal Reserve, there is plenty of chatter about investment strategies for a low rate environment. At the industry level, one of the prime beneficiaries of lower interest rates are homebuilders stocks.
August 12, 2019
Shares of cannabis company CannTrust Holdings Inc (NYSE: CTST) fell 25% early Monday after the company said it accepts a new negative Health Canada ruling. CannTrust said in a press release that it failed a Health Canada inspection during the period of July 10-16. The company said it accepts the findings and actions to fix its wrongdoings are underway.
August 6, 2019
One of those unique funds is the U.S. Vegan Climate ETF, which will traded under the ticker “VEGAN” and is slated to debut next month. It has been a long wait for VEGAN. Beyond investing, the fund’s issuer, filed plans for the ETF almost a year ago and it was expected to debut in January.
July 29, 2019
The week in cannabis will be a rather exciting one for cannabis investors as the earnings season for cannabis companies kicks in. Over the next five days, a number of companies will present their results, in addition to other developments. Here’s what you should look forward to.
July 24, 2019
Even as the Sino-U.S. trade issue hangs in a limbo, a Chinese sports event marketing company that is part of Dalian Wanda Group Co, a conglomerate owned by billionaire Wang Jianlin, is eyeing a U.S. listing. Beijing-based Wanda Sports Group Company Limited has filed with the SEC to offer 33.33 million ADSs, representing 50 million Class A ordinary shares, in an IPO.
July 22, 2019
There are over 10,000 securities traded on the OTC Markets, 1,430 of which trade on the market’s top two tiers, OTCQX and OTCQB.But when it comes to the most actively traded of those securities, there is a clear top eight. As of the end of June, there were eight securities—four on OTCQX, four on OTCQB—that had traded more than $1 billion in volume in 2019. No other security has traded more than $900,000 of volume.
July 19, 2019
Radio broadcaster iHeartMedia, Inc. IHRT returned to the public market Thursday just months after emerging from bankruptcy. IHeartMedia, the largest radio broadcaster, emerged from bankruptcy in January when a judge approved a restructuring plan that eliminated more than $10 billion in debt, according to The Wall Street Journal.
July 18, 2019
Aurora Cannabis Inc. ACB announced Thursday it has won the Italian government’s public tender to supply medical marijuana in Italy. The company was the winner among five companies that participated in the tender and it’s expected to sign the contract this fall.
July 17, 2019
It has been a rough five-year stretch for large auto stocks Toyota Motor Corp TM, General Motors Company GM, Ford Motor Company F and Tesla Inc TSLA. Despite a booming market and an overall 52.4% gain for the S&P 500, none of these big automakers has managed to produce a double-digit return for investors over the past five years.
July 15, 2019
Companies Reporting Before The Bell: C,PIXY,EROS,OGI,CSBR,LUB. Companies Reporting After The Bell:JHBT,WTFC,SFBS
July 11, 2019
An exchange traded fund once known for its large weight to Tesla Inc. TSLA is getting a new look while maintaining its robust exposure to shares of the electric automobile manufacturer.The ETF previously known as the VanEck Vectors Global Alternative Energy ETF is now the VanEck Vectors Low Carbon Energy ETF SMOG. SMOG tracks the Ardour Global Index.
July 9, 2019
Richard Branson’s Virgin Galactic is one step closer to realizing his space-tourism dream as the company is set to list shares on a public exchange. Branson himself invested most of the more than $1 billion in capital poured into Virgin Galactic since 2004, according to The Wall Street Journal.
July 5, 2019
Three pieces of legislation introduced Thursday in Congress aim to broaden the acceptance of cannabis, with one allowing importation of marijuana across state lines, one encouraging more research on the drug and one protecting immigrants from being deported for possession.
July 3, 2019
Facebook, Inc. FB’s bold move into the cryptocurrency space with the planned launch of Libra in 2020 is certain to draw the attention of regulatory authorities. The Cambridge Analytica data scandal in 2018 involved the harvesting of personal data of millions of people’s Facebook profiles without their consent for the purpose of political advertising.
July 2, 2019
Ceragon Networks
CRNT reported second-quarter revenue will be impacted by a further delay in receiving certain orders from India. The company sees second-quarter revenue in the range of $71 million to $74 million.
June 27, 2019
Technology-focused defense company Parsons Corp (PSN) went public in early May at $27 per share and is now trading north of Wells Fargo’s price target. Ed Caso downgraded Parsons from Outperform to Market Perform with an unchanged $36 price target.
