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Andrew Yang is the Democratic presidential candidate with the lowest profile. That’s unfortunate because he’s not only one of the more reasonable candidates on the slate, but he also has some very interesting policy ideas – including one that would boost cannabis stocks. Marijuana is already legal in most states for medical use and in […]
The post Cannabis Stocks Could Get High on an Andrew Yang Presidency appeared first on CCN Markets
Netflix stock plummeted 11% out of the gate despite posting better-than-expected earnings in Q2. The reason? A colossal miss in subscriber growth, the lifeblood of the debt-ridden media giant. Now that Wall Street appears to be waking up to overvaluations, here are three tech stock bubbles – Beyond Meat, Uber, and Tesla – that might […]
The post Netflix Bubble Bursts and These 3 Tech Stocks Could Be Next appeared first on CCN Markets
The Dow teetered toward a loss on Wednesday after President Trump exposed a lack of confidence in the state of trade negotiations with China. Trump’s unexpected remarks overwhelmed DJIA components with substantial ties to the world’s second-largest economy. Dow Slumps, Market Fails to Regain All-Time Highs The US stock market failed to regain its all-time […]
The post Dow Winces as Trade War Overwhelms Crucial Stocks appeared first on CCN Markets
The Dow struggled to assemble a fifth consecutive gain on Tuesday, even as timid investors raced back into equities just one week after triggering the largest domestic stock fund exodus in half a decade. Dow, S&P 500, and Nasdaq All Struggle Wall Street’s major indices were little changed during the morning session, placing the stock […]
The post Dow Spins Tires as Timid Investors Plow Back Into Stocks appeared first on CCN Markets
As U.S. indices hit all-time highs, you probably don’t want to look at stocks that are also trading at or near their all-time highs. Instead, you might want to discover names that are far from their all-time highs but are showing signs of bullishness. It’s actually even better if you can find fundamentally sound equities […]
The post Three Hot Gaming Stocks Appear Ready to Skyrocket appeared first on CCN Markets
In amidst a tense trade dispute between the U.S. and China, the Dow Jones has achieved a new all-time high at 26,966 points, closing on 27,000 points. U.S. President Donald Trump said: Today’s Stock Market is the highest in the history of our great Country! This is the 104th time since the Election of 2016 […]
The post Trump Celebrates Stocks Smashing Record Highs as Dow Flirts 27,000 appeared first on CCN Markets
Global stocks saw a boost in sentiment on Monday following the resumption of trade talks between the U.S. and China. The Dow Jones has remained stable in the 26,700-point region throughout the past week, and the SSE Composite, a stock market index of all stocks that are traded at the Shanghai Stock Exchange, surged by […]
The post Stocks Eye Bullish Boost as Fed Ignores Trump-Xi Truce appeared first on CCN Markets
As Berkshire Hathaway finishes out Q2 2019, its top 10 performing stocks were dominated by fintech companies that are making innovations in digital payments. Warren Buffett may have bitcoin and crypto to thank. They may be what’s keeping Berkshire buoyant despite the $ 3 billion Kraft Heinz writedown in Q1. That resulted in a $ 4.3 billion […]
The post Warren Buffett’s Portfolio Lifted by Fintech Stocks. Is Bitcoin the Reason? appeared first on CCN Markets
By CCN Markets: The Dow diverged from the broader U.S. stock market on Friday and was last seen eyeing its fifth consecutive gain as rising oil prices pushed energy blue-chips higher. Dow Edges Higher; S&P 500, Nasdaq Slip The U.S. stock market opened slightly lower on Friday, reflecting a tepid pre-market for Dow futures following a record-setting rally during the previous session. The Dow Jones Industrial Average climbed 58.52 points, or 0.2%, to 26,811.69, its highest level of the year. Chevron Corp (NYSE: CVX) was the Dow’s top performer, gaining 1.4%. Exxon Mobil Corp (NYSE: XOM), another energy blue-chip, rose
By CCN Markets: Goldman Sachs issued a dire warning about U.S. tech stocks last weekend. Their valuation premiums are at historic highs. Add the potential threat of U.S. regulatory interventions, and Goldman sees a bear market ahead for tech. In an investor note Friday, Goldman’s chief U.S. equity strategist, David Kostin, admonished clients about the risks facing tech stocks: “Rising market concentration and the political landscape suggest that regulatory risk will persist and could eventually weigh on company fundamentals. The valuation premium for growth is elevated today relative to history; Software in particular now carries the highest multiples since the
By CCN Markets: Dow Jones futures rose on Tuesday, but money managers on Wall Street aren’t convinced the stock market rally has longevity. Billion-dollar investors are pulling money out of stocks and piling into cash, according to a survey by Bank of America Merrill Lynch. The investors, who manage $ 528 billion between them, are also cycling into defensive investments and treasury bonds. It’s a sure sign that investors are building defensive portfolios in the face of trade war fears and weak economic data. Dow creeps higher on hopes of Federal Reserve rate cut As of 6.44 am ET Tuesday, Dow
By CCN Markets: Canada’s largest chain of pharmacies announced a big partnership at the World Cannabis Congress on Monday. Shoppers Drug Mart will be working with TruTrace Technologies (until recently known as BlockStrain) to bring blockchain-based verification to the medicinal marijuana market. If successful, it could help power cannabis stocks higher as more doctors become comfortable with prescribing the drug. For interested investors, TruTrace’s stock trades as symbol “TTT” on the Canadian stock exchange. Shoppers Drug Mart operates roughly 1,300 pharmacies in Canada and already sells various products containing marijuana. It hopes to make doctors and patients feel more secure.
Cryptocurrency markets have been doing extremely well over the last 48 hours, making a lot of prior skeptics think the bearish crypto winter may have ended. Since our last markets update three days ago, the entire cryptoconomy has gained close to $ 33 billion in value and trading sessions over the last 24 hours produced a whopping $ 81 billion in global trades.
“Investing in stocks can be a daunting, complex and decidedly exclusionary activity,” says Bill Barhydt, Abra's CEO. To that end, his company’s mobile cryptocurrency wallet app has announced a new feature which will allow investors to purchase traditional stocks using bitcoin. The new feature is built into the existing Abra app that enables users to buy and sell cryptocurrencies.
Crypto investors in the 155 countries where Abra has its presence will be able to invest in traditional stocks, such as Apple or Amazon, as well as in exchange traded funds (ETFs), using both cryptocurrencies and fiat directly from their mobile app.
Abra has decided to add access to collateralized equities investing. This means that users of the exchange and wallet app in 155 countries will be able to trade on popular U.S. stocks and commodities like gold and even use cryptocurrency to do so.
Also Read: The Daily: F1 Team Gets Crypto Sponsor, Dubai Royal Partners Digital Assets Fund
Abra, a cryptocurrency wallet app and exchange with native support for bitcoin cash, has announced that is set to offer its global users the opportunity to invest in stocks, commodities and ETFs, all within the app. The service is going to start with popular U.S. stocks and ETFs and the company also promises to add more global assets in the coming months.
Pot stock analysts believe that the CBD industry is about to explode. The reason? The $ 867 billion Farm Bill, signed into law by US President Donald Trump on December 20, officially excluded all cannabis products with 0.3% or less THC from the Controlled Substances Act. (THC is the psychoactive element in marijuana that gets users “high.”) CBD has medicinal uses and is already legal in many states, as is its psychoactive component. As a result, farmers anywhere in the United States can freely grow “hemp” for both industrial and medical purposes. Several Pot Stocks Set to Explode Canaccord Genuity, a
By CCN.com: Piper Jaffray has raised its price target on Canopy Growth shares from $ 40 to $ 60, sending Canopy and other cannabis-related stocks upwards. The analyst says Canopy Growth’s step into the US makes them “bullish” on the potential of the stock. The cannabis company’s shares have already surged nearly 10% today, and other so-called
The post Pot Stocks Shoot Higher as Analyst Raises Canopy Growth Target by 50% appeared first on CCN
By CCN.com: The U.S. stock market has performed relatively well in comparison to other major regions including China and Japan, as seen in the strong performance of the Dow Jones throughout the past three weeks. However, analysts remain concerned about the upcoming earnings reports of technology conglomerates and leading corporations in struggling industries such as
The post US Stock Market Still Not in All-Clear Mode: Tech Stocks Present Key Problems appeared first on CCN
Despite official 2018 GDP figures showing that the Chinese economy grew last year at its slowest pace in 28 years, some of China’s largest stocks continue to perform at market-leading levels, led by tech quartet Tencent, Baidu, Sina and Alibaba. According to the data released by Beijing on Monday, China recorded a GDP growth rate
The post China’s Stocks Are on Fire Despite Slowest GDP Growth in Nearly 30 Years appeared first on CCN
A number of stocks tanked sharply without warning earlier today on the Hong Kong equity market, which is the fourth largest in the world. The market rout left investors with no time to exit their positions, leaving them with losses amounting to as much as $ 4.77 billion in a matter of minutes. Share prices of
The post Sudden Selloff Hits Hong Kong Stocks: $ 4.77 Billion Vaporized appeared first on CCN
