Cannabis stocks were mostly higher Friday, rising with the broader market after a weaker-than-expected May jobs report bolstered expectations that the Federal Reserve will cut interest rates sooner rather than later.
On the regulatory front, the effort to protect banks that do business with cannabis companies from federal enforcement action made progress this week, he said. The next big milestone for the sector is earnings from market leader Canopy Growth Corp. WEED, +1.14% CGC, +1.90% due Thursday and which will set the tone for the sector. Canopy is the biggest company measured by market value, thanks to a $4 billion investment from Corona beer distributor Constellation Brands Inc. STZ, +3.09%The company is expected to post a loss of 25 Canadian cents, according to FactSet analysts, which would be narrower than the 31 cents loss posted a year ago.
Pax is partnering with Aphria Inc., Aurora Cannabis Inc., Organigram Holdings Inc. and Supreme Cannabis Co. Inc.
لقد قمنا بتلخيص هذا الخبر حتى تتمكن من قراءته بسرعة. إذا كنت مهتمًا بالأخبار، يمكنك قراءة النص الكامل هنا. اقرأ أكثر:
الإمارات العربية المتحدة أحدث الأخبار, الإمارات العربية المتحدة عناوين
Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.
Beyond Meat stock soars after first earnings reportBeyond Meat could extend its rally, with shares of the maker of meat alternatives surging in after-hours trading Thursday after the company delivered an...
مصدر: MarketWatch - 🏆 3. / 97 اقرأ أكثر »
8 stocks for contrarian investorsRoyal Mail, Tesco and other stocks for contrarian investors: (via Michael Brush)
مصدر: MarketWatch - 🏆 3. / 97 اقرأ أكثر »
Stocks rise as disappointing jobs report fuels hopes of a Fed rate cutU.S. stocks rise after a weaker-than-expected jobs report adds to argument for Fed rate cut That patient is sick and going to the doctor, but that just means he's healthy. lol Thanks to short selling any news is an excuse for market activity. Wild swings up & down do not help the average retiree or saver. This nonsense only benefits a few. More presidential candidates will sign on for a tax on micro trades like other EU nations have.
مصدر: MarketWatch - 🏆 3. / 97 اقرأ أكثر »
Stocks could surge on cusp of huge buying signal says Bank of America Merrill LynchOur call of the day from strategists at Bank of America Merrill Lynch, points to a key contrarian indicator that reveals investors are so bearish it might be...
مصدر: MarketWatch - 🏆 3. / 97 اقرأ أكثر »
The FANG stocks are flashing a warning signal for the entire stock marketFear of increased government scrutiny has pushed the most popular stocks of this bull market into a precarious chart pattern. we should be talking about YANG, not fang Fake News! The Zuck wants the Gov to take the hit for regulations. The Democrats will forget all about the breakup after the election. This is the old compressing the spring trick.
مصدر: CNBC - 🏆 12. / 72 اقرأ أكثر »