AI stocks are falling as negative headlines mount, but financials and industrials hit new highs.
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Travel Stocks Gain as Executives See Demand Rebound: Earnings This Week
The last week of earnings featured mixed results from technology companies and optimism from two prominent travel companies. Cruise-ship operator Royal Caribbean (RCL) and hotel giant Marriott (MAR) predicted demand will continue to recover as the U.S. economy reopens...
Cannabis Stocks Lagging Sharply as Bad News Piles Up
The S&P 500 is pushing to new highs, but cannabis stocks aren't so lucky. Well known names like Canopy Growth (CGC), Cronos (CRON) and Aurora Cannabis (ACB) are down at least 4 percent so far today. The industry-tracking Alternative Harvest ETF (MJ) is also on...
Market High on Aurora Cannabis as Peltz Joins Pot Grower
Cannabis stocks have been on fire since last summer, and the buzz continued today as a major financier joined the industry. Early leader Tilray (TLRY) might have fallen asleep after a blistering rally in September, but others have lit up more recently. Aurora Cannabis...
These Guys Are Spending a Lot of Money
Cannabis stocks, all the rage in September, just issued their results. And they're spending a ton of money. Just look at Tilray (TLRY), which rose more than a 1,000 percent after going public in the heart of the marijuana frenzy. Its revenue from growing pot rose 85...
Traders Toking Profits as a Red-Hot Space Gets Smoked
Buy the rumor, sell the news. The old adage is playing out today as weed goes legal in Canada. Cannabis stocks have been pretty much the hottest group in the entire market of late, with companies like Tilray (TLRY), New Age Beverages (NBEV) and India Globalization...
Options Light Up as Cannabis Craze Sweeps Market
Marijuana's supposed to calm people down, but that didn't happen in the stock market yesterday. Frenzied with Canada's legalization on October 17, traders streamed in and out of a trio of high-profile weed stocks. The moves were epic for companies many clients had...
Marijuana Momentum, Airlines Ascending: Groups in Focus
Two different groups have been "flying under the radar" and "hitting new highs" in recent weeks. Let's check them out. First: Flying under the radar. Yep, some of the airlines have been climbing. This group is a bit muddled because performance between carriers has...
New Companies Back on the Rise
Back in the spring, there was a wave of bullishness in initial public offerings. After a few pullbacks, some of those companies are pushing higher again. Take a name like ZScaler (ZS), which provides cloud-computing security services. It chopped around after crushing...