After tech stocks ended 2018 on a treacherous note, the new year has brought renewed prosperity to the sector. Software stocks in particular are rallying. Adobe Systems (NASDAQ:ADBE) is no exception. From its recent low of $205 per share, the Adobe stock price is back up to $258. That puts ADBE stock within striking range
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In the almost seven years that Johnson & Johnson (NYSE:JNJ) CEO Alex Gorsky has been in the top job, JNJ stock has achieved a cumulative total return of 155.5% (through Feb. 12). Gorsky took charge of the large-cap healthcare company on April 26, 2012. He’s managed to deliver an annualized total return of 14.7%. Source: Shutterstock Shareholders
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the Semiconductor ETF (SMH) where we have detected an approximate $61.2 million dollar inflow — that’s a 6.7% increase week over week in outstanding units (from 9,020,937 to 9,620,937). Among the largest underlying components of SMH, in trading
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Stock market investors like to find high-growth stocks, especially when they can discover them at a low price-earnings (P/E) ratio. Many of these equities command high multiples, however, if they have earnings at all. Likewise, most stocks are rightfully valued at low P/E ratios because they exhibit low levels of growth. Most of the better-known,
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Twilio (NASDAQ:TWLO) over-delivered on revenue, and earnings met estimates. Yet, the platform-as-a-service (PaaS) company fell in morning trading as Twilio contends with an elevated multiple and the expectations that go with it. The good news might bode poorly for Twilio stock as the company, priced for perfection, falls short of lofty expectations in the future.
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Canopy Growth rallied Friday morning after the company reported that third-quarter sales rose 282 percent over the past 12 months. Profit was boosted by the company’s first sales of legal recreational marijuana in Canada, which accounted for more than 70 percent of gross revenue. The company missed profit expectations because operational costs remain elevated compared
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A lot of super-geniuses who loved Nvidia (NASDAQ:NVDA) at $280 per share seemed to hate Nvidia stock at its pre-earnings report price of $150 per share. That’s not the way this game is played … It is true that NVDA has had a rough time lately. The bitcoin boom became a bitcoin bust, crimping demand
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Yesterday analysts at Bank of America Merrill Lynch downgraded the shares of global agricultural equipment giant Deere (NYSE:DE) on concerns that the market wasn’t looking at DE stock correctly. Namely, the analysts pointed out that Caterpillar (NYSE:CAT) has been the poster child for the U.S.-China trade war, and that CAT stock has consequently been hit.
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The survey participants anticipate a global deficit of 1 million 60-kg bags in 2019/20Opens a New Window., according to the median forecast, compared to estimates of a 4.25 million-bag surplus for 2018/19. Tightening global supplies in the coming season are expected to lift arabica prices to $1.25 per pound by the end of 2019, 24.8 percent
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