Federal Aviation Administration Acting Administrator Daniel K. Elwell joins "Closing Bell" to discuss the FAA's decision to ground the Boeing 737 Max 8 and Max 9 despite first refusing to ground the planes.
Shares of Callon Petroleum (NYSE: CPE) plunged more than 16% by 10:00 a.m. EDT on Monday. Fueling the oil driller's sell-off was its agreement to buy fellow Texas-focused producer Carrizo Oil & Gas (NASDAQ: CRZO) for $3.2 billion, including the assumption of debt. Callon Petroleum will acquire Carrizo Oil & Gas in an all-stock transaction.
Industry-leading scale Aurora Cannabis' peak production capacity is unmatched. Aurora is on track to produce more than 625,000 kilograms of cannabis annually by 2020. Among rival producers, only Canopy Growth (NYSE: CGC) appears to be on track to produce at least 500,000 kilograms during this time.
Despite the political headwinds over prescription drug prices in the United States, the biotech industry has still managed to post some rather respectable gains so far this year. Amarin Corporation (NASDAQ: AMRN) and Heron Therapeutics (NASDAQ: HRTX), for instance, are both trading at steep discounts relative to their long-term value propositions. Should bargain-hunters pounce on these two comparatively cheap biotech stocks?
A prominent financial industry group has written to leaders of the effort to overhaul Fannie Mae and Freddie Mac, the mortgage guarantors under federal control, arguing that the two enterprises must have an explicit government guarantee of the bonds they sell to investors if the mortgage market is to continue to function smoothly. “Our members believe that market participants will no longer consider an implicit guarantee... as equivalent to an explicit guarantee,” said Kenneth Bentsen, Jr., president of the Securities Industry and Financial Markets Association, known as SIFMA.
Just when Shopify (NYSE: SHOP) starts to look like it can't go any higher, it does. Investors have been impressed with Shopify's strong revenue growth and improving profitability as new merchants flock to the platform and more merchants pay for the company's Plus subscription plans. Revenue in the company's first quarter surged 50% year over year to $320.5 million,?handily beating management's guidance for first-quarter revenue of between $305 million and $320 million.?The strong quarter reflected "the diversity and strength of our growth drivers and the solid execution of our strategy," said Shopify CFO Amy Shapero in the company's first-quarter earnings call.
If you're interested in Plug Power Inc. (NASDAQ:PLUG), then you might want to consider its beta (a measure of share price volatility) in order to understand how the stock could impact your portfolio. Modern finance theory considers volatility to be a measure of risk, and there are two main types of price volatility. The first category is company specific volatility.
It's the calm before the competitive storm when streaming video giant Netflix Inc. is scheduled to report second-quarter financial results Wednesday after the market's close. For now, Netflix is the acknowledged market leader in streaming with more than 150 million members worldwide. Netflix pooh-poohs any notions it faces a daunting gauntlet of would-be rivals.
Blockstack has initiated the first SEC-approved token sale, even as shares of bitcoin fell below $10,000 and amid President Trump's strong criticisms of the cryptocurrency, along with Facebook's Libra. Muneeb Ali, Blockstack CEO, joins Yahoo Finance with the details.
Dario Leone History, Middle East The tale of the USS Stark Incident. Following a series of training flights, on the morning of May 17, 1987 Suzanna's crew received the order to load two Exocets and then transfer to Wanda AB for an operation over the Persian Gulf. All through 1985 and early 1986, director of the Iraqi Air Force (IrAF) Intelligence Department, Brigadier-General Mudher al-Farhan, was collecting intelligence about the work of the Iranian tanker-shuttle ('shuttle tankers' were oil tankers equipped with upgrade fire-fighting equipment operated by specially trained crews, they made way in convoys of four ships escorted by warships of the Islamic Republic if Iran Navy).
It's been a miserable week for investors in Canadian cannabis company CannTrust Holdings (CTST), which saw its stock price cut nearly in half over five days of trading, after revealing Monday that it spent much of the period from October 2018 and March 2019 growing marijuana in hydroponic grow-rooms that were (at the time) not yet licensed for that purpose. Health Canada inspectors discovered the license violation at CannTrust's Pelham, Ontario "Niagara" facility, and have decided to punish the breach by forbidding CannTrust from selling 5,200 kilograms of dried marijuana flower produced in said rooms until they deem CannTrust to be back in compliance with their regulations. While 12,700 "kilograms of marijuana" may sound like a lot, though, it really isn't -- not with CannTrust moving towards an annual production target rate of some 200,000 to 300,000 kilograms of the stuff in the not too distant future.
Energy Transfer (NYSE: ET) is not only the largest master limited partnership (MLP), but it also pays one of the highest-yielding distributions in the energy sector at 8.7%. Energy Transfer is on track to produce between $10.6 billion and $10.8 billion of adjusted EBITDA in 2019, which would be about 12.5% above 2018's level. While the other 10% to 15% does have some variability due to the volatility of oil and gas prices, Energy Transfer's cash flows are much more stable than those of most energy companies.
Investors, however, will get a better feel for Tesla's second-quarter performance soon. The company just scheduled its earnings report for after market close on Wednesday, July 24.?Investors will be looking for insight into a range of key items, including free cash flow, gross profit margin, management's full-year outlook for vehicle deliveries, and more. Tesla's profitability in the second half of 2018 was short-lived.
Organigram Holdings Inc. stock fell roughly 5% in premarket trading Monday, after the company reported a surprise loss but a seven-fold increase in fiscal third-quarter revenue. Organigram (OGI)(CA:OGI) the first major cannabis company to report earnings, may be something of a bellwether for the rest of the Canadian cannabis industry, giving investors clues as to what to expect with the larger-by-market-value rivals such as Aurora Cannabis Inc.
A jury has awarded $23.3 million to a California pepper maker in a fiery battle with the manufacturer of world-famous Sriracha hot sauce.
The most definitive view came late on Friday, when federal prosecutors in New York said records obtained from a financial institution they did not identify showed that Epstein is worth more than $500 million and makes an estimated $10 million a year. However, that estimate falls short of making Epstein, a college drop-out and former math and physics teacher at an elite private school in New York, a billionaire. Vaping epidemic: Juul CEO tells parents 'I'm sorry' Remember the Ford Libre?
Every investor in GMP Capital Inc. (TSE:GMP) should be aware of the most powerful shareholder groups. Warren Buffett said that he likes 'a business with enduring competitive advantages that is run by able and owner-oriented people'. GMP Capital is not a large company by global standards.
Here's why Alexion Pharmaceuticals (NASDAQ: ALXN), Cara Therapeutics (NASDAQ: CARA), and Vertex Pharmaceuticals (NASDAQ: VRTX) are top biotech stocks to buy for the second half of 2019. Alexion Pharmaceuticals Alexion's rare-disease drug Soliris continues to pick up steam more than 12 years after winning its first FDA approval. Sales for Soliris soared 20% year over year in Q1, helping pad Alexion's cash stockpile (including cash, cash equivalents, and marketable securities) to more than $1.6 billion.
It is perfectly legal for company insiders, including board members, to buy and sell stock in a company. We don't think shareholders should simply follow insider transactions. For example, a Columbia University study found that 'insiders are more likely to engage in open market purchases of their own company's stock when the firm is about to reveal new agreements with customers and suppliers'.
Dividends are usually paid out of company profits, so if a company pays out more than it earned then its dividend is usually at greater risk of being cut. Caterpillar paid out a comfortable 32% of its profit last year. Yet cash flows are even more important than profits for assessing a dividend, so we need to see if the company generated enough cash to pay its distribution.
The anti-bullying activist, who garnered worldwide infamy as a White House intern who had an affair with President Bill Clinton, responded to psychologist Adam Grant's tweet asking for the worst career advice his followers had received. Lewinsky's answer: “an internship at the White House will be amazing on your resume,” followed by a blushing emoji. A media frenzy, often vilifying the young woman who started her internship at 22, began after independent counsel Ken Starr publicized his investigative report on the internet in 1998.
Shares of Capricor Therapeutics Inc. (capr) nearly doubled (up 93%) in very active premarket trading Monday, after the biotechnology company announced upbeat results from a trial for its treatment (CAP-1002) of Duchenne muscular dystrophy. Trading volume was about 1.7 million shares ahead of the open, compared with the full-day average of about 56,500 shares. "I am incredibly pleased with the outcome of the interim analysis as it has demonstrated the biologic activity of CAP-1002 that has resulted in changes of clinically relevant outcomes including the upper limb, the hand and diaphragmatic function," said Craig McDonald, the principal investigator for the trial.
Entegris, the Billerica, Mass., provider of specialty chemicals for microelectronics, said Monday that it paid $165 million for MPD Chemicals. The privately-held MPD is a provider of advanced materials for use in specialty chemicals, life sciences and technology. Entegris, which financed the deal with cash on hand, said MPD would grow and diversify its engineered-materials portfolio.
This expensive stock could be cheap Keith Speights (Guardant Health): If you're the kind of investor who would consider buying penny stocks, you're no doubt looking for a cheap way to invest in stocks that hold the potential for huge gains. Guardant Health is by no means a penny stock -- its share price tops $80. However, it could deliver explosive gains over the long run.
Today we will run through one way of estimating the intrinsic value of YETI Holdings, Inc. (NYSE:YETI) by taking the foreast future cash flows of the company and discounting them back to today's value. This is done using the Discounted Cash Flow (DCF) model. Remember though, that there are many ways to estimate a company's value, and a DCF is just one method.
Oppenheimer Analyst, Justin Kim recently began coverage of Apellis Pharmaceuticals with a price target that was more than double the stock's price at the time. Kim's excited about the company's lead candidate, a potential new autoimmune treatment called APL-2. This biotech's experimental complement system inhibitor is currently up against Soliris from Alexion Pharmaceuticals' (NASDAQ: ALXN) in a pivotal head-to-head trial with patients affected by paroxysmal nocturnal hemoglobinuria (PNH).