Investing

The cannabis industry’s rapid evolution and new strategic partnerships with mainstream brands reveal a far larger possible market for legal marijuana than investors and analysts first anticipated, according to Cowen. “With cannabis, you’re talking about this massive step change in terms of the addressable market,” Vivien Azer said on CNBC’s “Squawk Box” Wednesday. “You’re bringing
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Apple shares will rally because the company will benefit from falling component costs for its phones, according to Citi Research. The firm raised its price target to $265 from $230 for Apple shares, predicting the smartphone maker will report earnings per share above expectations next year. The new forecast represents 18 percent upside to Friday’s
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There’s a growing risk that trade tensions between the world’s two largest economies may converge with other factors to disrupt the global economy — and knock the historic U.S. stock market rally off its stride, according to one of the world’s leading authorities on Asia. Yale University senior fellow Stephen Roach is worried the US-China
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Wall Street is buzzing over SEC’s civil action against Tesla CEO Elon Musk, predicting significant negative ramifications for the electric car market due to the announcement. Shares of the automaker are down 12 percent in Friday’s premarket session. The Securities and Exchange Commission sued Musk for fraud, according to court documents filed on Thursday. The
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Stifel issued the highest Amazon price target on Wall Street Thursday, highlighting the company’s continued leadership in e-commerce and cloud services as critical to expectations of wider profit margins. Analyst Scott Devitt told clients to expect Amazon shares to rally to $2,525 from Wednesday’s close at $1,974.85 over the next year. The new target implies
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Come Monday, the tech-heavy Nasdaq will try to kick-off its second positive week in a row. But it’s poised to do so without small cap tech and Chinese internet companies. According to veteran market watcher Nicholas Colas, much of Wall Street is mistakenly assuming that the technology sector’s big surge is broad-based. “It’s largely a
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