• Canopy Growth: Analysts’ Target Prices and Ratings
    Market Realist

    Canopy Growth: Analysts’ Target Prices and Ratings

    Macro-economic and political uncertainty across the global market have already taken a toll on Canopy Growth stock (CGC) (WEED).

  • Cannabis Edibles: Why It’s a Big Deal
    Market Realist

    Cannabis Edibles: Why It’s a Big Deal

    October 17 is the one-year anniversary of legal recreational cannabis in Canada. However, only some Canadians buy legal marijuana.

  • Aurora Cannabis: What to Expect from Its Q1 Earnings
    Market Realist

    Aurora Cannabis: What to Expect from Its Q1 Earnings

    Aurora Cannabis (ACB) will report its earnings for the first quarter of fiscal 2020 next month. Reuters expects the company to report its earnings on November 11.

  • Cannabis Sector: Piper Jaffray Favors Canopy and Cronos
    Market Realist

    Cannabis Sector: Piper Jaffray Favors Canopy and Cronos

    Piper Jaffray analyst Michael Lavery thinks that Canopy Growth and Cronos Group have good positions in the industry. They have strong cash positions.

  • Nordstrom's new NYC store will drive $700 million in sales
    Yahoo Finance

    Nordstrom's new NYC store will drive $700 million in sales

    Nordstrom's new store in New York City is epic. Yahoo Finance speaks with Nordstrom president of stores Jamie Nordstrom about his outlook for the new shopping hot spot.

  • Drug/Biotech Stock Q3 Earnings on Oct 23: LLY, ALXN & More

    Drug/Biotech Stock Q3 Earnings on Oct 23: LLY, ALXN & More

    Four drug/biotech stocks are scheduled to release third-quarter results on Oct 23. Let's see how these companies are placed before their earnings call.

  • Can PG&E’s Pain Be Tesla and Elon Musk’s Gain?
    Market Realist

    Can PG&E’s Pain Be Tesla and Elon Musk’s Gain?

    On October 9, PG&E; cut power to 800,000 Californians as a precaution against wildfires. Elon Musk's tweet highlighted the Tesla Powerwall as an alternative.

  • Is Deep Value ETF (DVP) a Strong ETF Right Now?

    Is Deep Value ETF (DVP) a Strong ETF Right Now?

    Smart Beta ETF report for DVP

  • 5 Low P/CF Stocks to Add Maximum Value to Your Investment

    5 Low P/CF Stocks to Add Maximum Value to Your Investment

    This metric evaluates the market price of a stock relative to the amount of cash flow that the company is generating on a per-share basis.

  • McDonald's Q3 earnings miss expectations, stock tumbles
    Yahoo Finance

    McDonald's Q3 earnings miss expectations, stock tumbles

    McDonald's reported softer than expected sales during its third quarter.

  • Cannabis in Mexico: Legalization Bill Is Ready for Voting!
    Market Realist

    Cannabis in Mexico: Legalization Bill Is Ready for Voting!

    Cannabis legalization is approaching the deadline in Mexico. According to the Supreme Court, the deadline for marijuana legalization is Wednesday.

  • Kraft Heinz Stock: Will Q3 Earnings Spur a Recovery?
    Market Realist

    Kraft Heinz Stock: Will Q3 Earnings Spur a Recovery?

    Kraft Heinz is scheduled to report its third-quarter earnings before the markets open on October 31. We expect the company to post weak third-quarter results.

  • Does Chesapeake Energy Corporation's (NYSE:CHK) CEO Salary Reflect Performance?
    Simply Wall St.

    Does Chesapeake Energy Corporation's (NYSE:CHK) CEO Salary Reflect Performance?

    Doug Lawler became the CEO of Chesapeake Energy Corporation (NYSE:CHK) in 2013. First, this article will compare CEO...

  • Simply Wall St.

    Do You Know What Abiomed, Inc.'s (NASDAQ:ABMD) P/E Ratio Means?

    This article is for investors who would like to improve their understanding of price to earnings ratios (P/E ratios...

  • HEXO: What Can You Expect from Its Q4 Earnings?
    Market Realist

    HEXO: What Can You Expect from Its Q4 Earnings?

    HEXO plans to report its Q4 earnings before the market opens on October 24. October has been tough for Hexo, with its stock falling 31.2% as of October 18.

  • Aurora Cannabis Inc. (ACB) Gains But Lags Market: What You Should Know

    Aurora Cannabis Inc. (ACB) Gains But Lags Market: What You Should Know

    In the latest trading session, Aurora Cannabis Inc. (ACB) closed at $3.69, marking a +0.27% move from the previous day.

  • Canopy Growth Corporation (CGC) Stock Moves 0.69%: What You Should Know

    Canopy Growth Corporation (CGC) Stock Moves 0.69%: What You Should Know

    Canopy Growth Corporation (CGC) closed the most recent trading day at $20.35, moving +0.69% from the previous trading session.

  • Aurora Cannabis Stock: What Options Traders Expect
    Market Realist

    Aurora Cannabis Stock: What Options Traders Expect

    We discuss Aurora Cannabis's price target cut as well as recent options trades—and what ACB investors can expect from the stock this week.

  • S&P 500 Climbs Beyond 3,000 on Trade; Bonds Fall: Markets Wrap

    S&P 500 Climbs Beyond 3,000 on Trade; Bonds Fall: Markets Wrap

    (Bloomberg) -- U.S. stocks advanced amid positive signs on trade talks and as investors awaited earnings from some of the world’s biggest companies. Treasuries fell.The S&P 500 Index climbed to a one-month high, surpassing the 3,000 level, led by energy and financial shares. Apple Inc. rallied to a record, while Teva Pharmaceutical Industries Ltd. surged after saying it has an agreement to settle thousands of opioid lawsuits. The Dow Jones Industrial Average underperformed major equity gauges as Boeing Co. tumbled on pessimism over the 737 Max crisis. The British pound dropped after Prime Minister Boris Johnson was thwarted in his latest attempt to get a Brexit deal approved.Investors monitored the latest developments on trade talks between the two largest economies, with U.S. President Donald Trump saying China has indicated that negotiations over an initial deal are advancing. Earlier Monday, Commerce Secretary Wilbur Ross said it was more important to get details of the agreement right than it was for Trump to sign it at the expected meeting with Chinese President Xi Jinping next month in Chile.“What’s most important is that negotiations continue. That will help with confidence,” said Don Townswick, director of equity strategies at Conning, which has about $171 billion in global assets under management. “Earnings have been coming in fairly strong, at least relative to expectations. And that’s important.”Read: Analysts Are Taking the Knife to Their 2020 Profit EstimatesWith industry heavyweights McDonald’s Corp., Caterpillar Inc. and Amazon.com Inc. all scheduled to deliver earnings this week, investors will get numerous chances to see how corporations are withstanding the effects of trade tension, slowing economic growth and Brexit.“The needle is pointing mildly positive,” David Sowerby, portfolio manager at Ancora Advisors. “As much as the trade issue is a headwind, I think companies are quite sensible in how they are spending their capital on healthy cash flow growth.”Here are some key events coming up this week:Earnings season is in full swing with companies reporting including: Amazon.com, Microsoft, Daimler, Kia Motors, McDonald’s, Procter & Gamble, Caterpillar and UBS.Thursday brings monetary policy decisions from the European Central Bank and Bank Indonesia.U.S. factory orders for business equipment will provide a look into the strength of capital investment in September. The figures will show to what extent the latest tranche of tariffs on China and others is impacting investment decisions.These are the main moves in markets:StocksThe S&P 500 climbed 0.7% to 3,006.72 as of 4 p.m. New York time.The Stoxx Europe 600 Index rose 0.6%.The MSCI Asia Pacific Index increased 0.4%.The MSCI Emerging Market Index added 0.5%.CurrenciesThe Bloomberg Dollar Spot Index was little changed.The euro decreased 0.2% to $1.1148.The British pound declined 0.2% to $1.2962.The Japanese yen fell 0.2% to 108.64 per dollar.BondsThe yield on 10-year Treasuries jumped four basis points to 1.80%.Germany’s 10-year yield increased four basis points to -0.34%.Britain’s 10-year yield rose four basis points to 0.75%.CommoditiesThe Bloomberg Commodity Index slid 0.5%.West Texas Intermediate crude fell 0.9% to $53.31 a barrel.Gold lost 0.4% to $1,488.10 an ounce.\--With assistance from Sybilla Gross, Adam Haigh, Todd White, Samuel Potter, Sarah Ponczek and Lu Wang.To contact the reporters on this story: Rita Nazareth in New York at rnazareth@bloomberg.net;Vildana Hajric in New York at vhajric1@bloomberg.net;Claire Ballentine in New York at cballentine@bloomberg.netTo contact the editors responsible for this story: Jeremy Herron at jherron8@bloomberg.net, Rita NazarethFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Cannabis Roundup: HEXO, CURA, and WEED
    Market Realist

    Cannabis Roundup: HEXO, CURA, and WEED

    The positive signs from the US-China trade talks appear to have driven the US equity market higher. The cannabis sector is also trading in the green.

  • Cannabis Update: Cowen Cuts Targets for ACB, CGC
    Market Realist

    Cannabis Update: Cowen Cuts Targets for ACB, CGC

    The cannabis industry’s woes refuse to die down. Cash-rich companies Aurora Cannabis, Canopy Growth, Aphria, and Cronos Group are also suffering.

  • Here's what may ruin the holiday season for most retailers
    Yahoo Finance

    Here's what may ruin the holiday season for most retailers

    A shortened holiday shopping season may raise hell for the nation's major retailers.

  • While Wall Street Fights Over PG&E, Fire Victims Are Living in Trailers

    While Wall Street Fights Over PG&E, Fire Victims Are Living in Trailers

    (Bloomberg) -- Almost a year after California’s deadliest wildfire was finally snubbed out, what’s left of the mountain town of Paradise is mostly empty housing lots, burned-out cars and skeletons of storefronts. Residents have scattered. Some are living with relatives, in cheap motels nearby, or, authorities say, in camping tents and cars.Meanwhile, inside a San Francisco courtroom $1,600-an-hour lawyers, representing everyone from bond and equity holders to a billionaire investor, joust over control of PG&E Corp., the utility that went bankrupt after its equipment sparked the blaze that killed 86 people. Each day of the reorganization racks up about $1 million in fees and related expenses for lawyers, bankers and restructuring experts.The stark contrast has frustrated many of the victims, who say PG&E has brushed aside their concerns while offering insufficient payouts, despite the utility’s vow to compensate them. And now they face a deadline of 5 p.m. Monday to file claims for injuries and property damage—far less time than normally granted outside of bankruptcy, say their lawyers, who’ve asked for an extension. “I keep hearing PG&E say they will make it right,” says Karen Gowins, 71, who lost her 3,000-square-foot Paradise home in the Camp fire and now lives in two trailers with her husband, Rich, and son, Adrian. “I don’t have high hopes for that. They would rather pay for legal fees and litigation than pay wildfire claims.”The dispute is another sign of how complex and fraught PG&E’s bankruptcy reorganization—one that could determine the future of power delivery in the most populous state in the U.S.—has become. The utility filed for bankruptcy in January in the face of an estimated $30 billion of liabilities tied to more than a dozen wildfires.As the parties duke it out over who will eventually run PG&E, it’s even led to a seemingly odd-bedfellows coalition: Many of the fire victims have thrown their support behind a group of PG&E creditors led by bond giant Pacific Investment Management Co. and activist investor Paul Singer and his Elliott Management Corp. hedge fund. The reason: PG&E has set aside $8.4 billion for payouts to individual victims while Elliott Management has offered $13.5 billion in a rival reorganization proposal that would virtually wipe out the existing shareholders.“PG&E remains focused on doing right by the customers and communities we serve,” spokesman James Noonan said in a statement. “PG&E believes the Chapter 11 process will support the orderly, fair and expeditious resolution of claims, including wildfire claims.”Victim lawyers say they expect half or less of the approximately 100,000 eligible claims to be submitted by the deadline. Many people either think there won’t be enough money for them to be compensated or, having been displaced, lack the wherewithal to file, said the attorneys, who want the due date pushed back to Jan. 31. Frank Pitre, a lawyer for fire victims, said that under the normal statute of limitations, a person would have two years to file a claim for injury or death and three years for property damage. It’s not unusual, however, for claims within bankruptcy to have a shorter time limit as a way to speed up the process. PG&E is trying to emerge from bankruptcy by June 30. The company has estimated it would spend as much as $22 million notifying potential victims about the deadline with 6.2 million mailings, emails and advertisements. The utility has also supplied $105 million for a fund that helps victims cover living expenses and other emergency needs. “Our court-approved claims notification process is broad and thorough—above and far beyond what is typical in a Chapter 11 process,” Noonan said.That’s been of little solace to many of the victims.“We feel as though our lives have been erased,” said George Bell, 68, whose Paradise home was badly burned by the Camp Fire. ”It was and continues to be a horrifying, devastating life-changing event.”After driving separately through flames in a harrowing escape, George and his wife, Debora, first took shelter in their daughter’s apartment and then moved to a “flea-bag” hotel in Redding. Since then, they’ve moved to a series of hotel rooms and are now located at Residence Inn in Roseville. What’s worse: Bell gave 36 years of his life to PG&E as an electrical technician.He said his insurance company went bankrupt shortly after the fire and the state took over his coverage. That meant his $1.2 million in insurance coverage was cut to less than half, he said. The couple has filed a claim against PG&E to cover the difference.“I think we are going to get a raw deal,” Bell said. “I think they are going to try to weasel out of their obligations. It’s now up to the bankruptcy judge.”Earl Cummings, 47, said he’s optimistic that PG&E will compensate him for his emotional distress and lost possessions including a 1970 Chevrolet Blazer he was restoring. “I can’t see how they wouldn’t, given all the damage and destruction they caused,” said Cummings, a painter who is living in a government-provided trailer in a parking lot in Paradise.Karen Gowins’s trailers are parked on a friend’s wooded lot in Magalia, an unincorporated town next to Paradise in the Sierra foothills. The family was split up as the Camp fire raged through the town. Her son walked through flames to escape with two of the family’s Labrador retrievers. One died in the fire.“We lost everything,” said Karen, who is a member of the official committee of wildfire victims.The $315,000 insurance payment the family received for the loss of their three-story home will only cover a fraction of the estimated $1.5 million it will cost to rebuild, she said.Still, the retired accountant considers her family among the “lucky ones,” having survived the fire, a “roof over our heads” and their dogs.“A lot of our people,” she added, “aren’t over the emotional trauma yet.”  (Adds details on a wildfire fund in 11th paragraph)To contact the author of this story: Mark Chediak in San Francisco at mchediak@bloomberg.netTo contact the editor responsible for this story: Lynn Doan at ldoan6@bloomberg.net, Larry ReibsteinFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Bloomberg

    Get Real. There Will Be a Global Opioid Settlement.

    (Bloomberg Opinion) -- They kicked the can down the road.That’s the best way to describe what happened at the bellwether opioid trial that was set to begin Monday morning in Cleveland. Last week, the two sides — companies being sued for their alleged role in the opioid crisis and lawyers suing them on behalf of states, cities and counties nationwide — tried to fashion a global settlement. As it’s been outlined in the media, that settlement could have seen the defendant companies offer more than $50 billion to the plaintiffs to stop the litigation.That effort ended in failure Friday night. So over the weekend, the parties engaged in a smaller but more manageable task: settling with the two Ohio counties who were the plaintiffs in the upcoming trial. They succeeded at around 1 a.m. on Monday. For the companies — Cardinal Health Inc., McKesson Corp., AmerisourceBergen Corp. and Teva Pharmaceutical Industries Ltd. — the money being handed over to the plaintiffs is pocket change: some $260 million spread over 18 months. But for the two counties, Summit and Cuyahoga, it’s badly needed money that will help them treat and mitigate opioid addiction.Still, with more than 2,000 opioid cases yet to be tried, this settlement only offers a temporary reprieve. A significant portion of those cases are in the courtroom of Judge Dan Aaron Polster of the Northern District of Ohio. Soon enough, he will schedule another bellwether trial, and they’ll start it up all over again.Unless, that is, they manage to put a global settlement in place. There is not much doubt at this point that that’s going to happen. The two sides just couldn’t get there by Monday morning. Which is why they punted.What stands in the way of a global settlement? The states had already accepted the deal offered by the companies. But when they took it to the lawyers for the cities and counties, they got shot down. These smaller entities are deeply suspicious of letting the states take the lead. They don’t want to allow the same thing to happen with opioids that happened with tobacco in the late 1990s: The states took all the settlement money, and most of them put it in their general coffers instead of using it for tobacco control efforts.Outside the courthouse after Polster had announced the settlement, I asked the well-known plaintiffs’ lawyer Joe Rice, who is leading the charge for the cities and counties, for his reaction to the claim that his clients were blocking a global settlement. He was unapologetic.  “We did not agree to those terms,” he replied. “If we are the hold-up of that settlement we did a really good thing.” He added that his clients are still talking to the states and the defendants. But, he added, “It’s gotta be fair and it’s gotta be now.”Immediacy – Rice’s “now” – is the second stumbling block. The three distributors, Cardinal, McKesson and AmerisourceBergen, initially offered to pay $18 billion over 18 years as their contribution to a global settlement. But outside the courthouse, several county executives stressed that the opioid crisis was a true national emergency and they couldn’t wait 18 years to get all the money due them.Another reporter asked Rice if the settlement with Summit and Cuyahoga counties was likely to serve as a template for future settlements. That seems pretty unlikely. If every government entity suing over opioids got the kind of money the two Ohio counties are getting, it would come to over $300 billion. Because they were first in line, Summit and Cuyahoga counties got very lucky.There are other reasons both sides need to find a way to settle this litigation. In late August, a judge ordered Johnson & Johnson to pay $572 million to Oklahoma for its alleged role in that state’s opioid crisis. (The amount was later reduced by $107 million because the judge made a math error.) J&J is appealing, arguing in part that the state’s novel use of “public nuisance” law to bring the case was a “misapplication” of the law. If the verdict is overturned, it will embolden the defendant companies because many of the opioid lawsuits are built on local public nuisance laws. If the verdict us upheld, however, the $50 billion currently on the table may look like peanuts to the plaintiffs.There is no question that the cities and counties that have sued desperately need money to help end the crisis. There is also no question that the only way they’re going to get that funding is from the big companies they’re suing. The only other potential source, the federal government, hasn’t put up anywhere near the kind of money these damaged and desperate communities require.The companies may not like all of this. They may not think it is fair. They may wish they could hold out and fight in court. But society is demanding that they pay up for their roles in the opioid scourge. And sooner or later, they will.To contact the author of this story: Joe Nocera at jnocera3@bloomberg.netTo contact the editor responsible for this story: Timothy L. O'Brien at tobrien46@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Joe Nocera is a Bloomberg Opinion columnist covering business. He has written business columns for Esquire, GQ and the New York Times, and is the former editorial director of Fortune. His latest project is the Bloomberg-Wondery podcast "The Shrink Next Door."For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.

  • J&J (JNJ) Recalls Baby Powder Batch as FDA Finds Asbestos

    J&J (JNJ) Recalls Baby Powder Batch as FDA Finds Asbestos

    J&J (JNJ) voluntarily recalls one lot of its baby powders, which is the subject of numerous lawsuits claiming that its talc-based products contain asbestos that causes cancer.