• E-Cigarette Ban in New York: Impact on Cannabis Sector
    Market Realist

    E-Cigarette Ban in New York: Impact on Cannabis Sector

    The vaping crisis has brought on some twists and turns for the cannabis sector. New York courts are now weighing an e-cigarette ban.

  • RPC (RES) to Post Q3 Earnings: Disappointment in the Cards?
    Zacks

    RPC (RES) to Post Q3 Earnings: Disappointment in the Cards?

    RPC's (RES) third-quarter 2019 performance is expected to have been influenced by slowdown of demand for pressure pumping services in U.S. shale plays.

  • Pot stocks ‘significantly oversold’: ETF manager
    Yahoo Finance

    Pot stocks ‘significantly oversold’: ETF manager

    Legal pot could provide "significant upside" for investors, ETF manager says

  • 3 Medical Product Stocks Likely to Beat This Earnings Season
    Zacks

    3 Medical Product Stocks Likely to Beat This Earnings Season

    Here we discuss three medical product stocks that are due to report soon and are likely to beat estimates on earnings, riding on a host of factors.

  • Factors Setting the Tone for V.F. Corp's (VFC) Q2 Earnings
    Zacks

    Factors Setting the Tone for V.F. Corp's (VFC) Q2 Earnings

    V.F. Corp's (VFC) higher investments toward brand development and technology enhancements might show on second-quarter fiscal 2020 performance.

  • Bloomberg

    Gildan Plunges Most Since 2008 As ‘Cash Machine’ Unit Slumps

    (Bloomberg) -- Customized T-shirts appear to be the first thing to go in times of economic uncertainty.Shares of apparel giant Gildan Activewear Inc. plunged by a third Friday after the company pared its guidance for revenue and profit due to a slowdown in its print-wear business. The unit sells basic clothing to wholesalers who slap logos on them for sports teams or events.The Montreal-based company said Thursday it faced an unexpected decline in the U.S. and a slowdown in Europe and in China, just months after describing the Asian economy as “on fire.” Its newer retail business, which includes its own-brand underwear, was in line with expectations.Given Gildan’s scale, the sharp slowdown in U.S. print-wear sales in the third quarter is most likely an industry-wide phenomenon, Keith Howlett, an analyst at Desjardins Capital Markets, wrote in a note to investors, calling the unit Gildan’s “cash machine.” He cut his rating to sell from buy.“The printwear channel is reliant on demand from the promotional products channel, and it is possible that economic anxiety has caused some companies to reduce discretionary spending,” Howlett said.Shares fell as much as 34% in New York to $23.45, the biggest intra-day drop in almost 11 years. The profit warning led several analysts to reduce their ratings and price targets on the stock.Gildan has built a global production chain ranging from yarn-spinning to clothes-stitching, which has enabled the company to lower costs and compete with Hanesbrands Inc. and Berkshire Hathaway Inc.’s Fruit of the Loom.Here’s what other analysts wrote:Bank of America Merrill Lynch, Heather Balsky, downgraded to Underperform from Buy“End demand from corporate customers has been especially weak, potentially tied to a slowing economy. The BofAML macro team expects continued U.S. economic deceleration, which does not bode well for future demand in our view.”Still, Gildan has meaningful opportunity to grow its private label business and Balsky anticipates additional product announcements in the near term.CIBC, Mark Petrie, reduced price target to $30 from $40“Gildan has had material guidance revisions over the years, so this move will bring up bad memories. Though we are surprised at this cut -- particularly the magnitude -- we do not believe this reflects challenges as dire as in the past.”“That being said, de-stocking issues can linger, and we have limited visibility overall, so it is difficult to have conviction in the pace and shape of a recovery.”RBC, Sabahat Khan, cut price target to $30 from $36“In addition to a weak economic backdrop, we believe that the decrease in the price of cotton is exacerbating the inventory destocking issue.”“We believe that distributors are likely reducing inventory levels in the hopes/anticipation of lower prices from suppliers.“(Updates with share price in sixth paragraph)To contact the reporter on this story: Sandrine Rastello in Montreal at srastello@bloomberg.netTo contact the editors responsible for this story: David Scanlan at dscanlan@bloomberg.net, Jacqueline Thorpe, Steven FrankFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Beat in the Cards for United Technologies (UTX) Q3 Earnings?
    Zacks

    Beat in the Cards for United Technologies (UTX) Q3 Earnings?

    United Technologies' (UTX) third-quarter earnings are likely to have gained from strong prospects in the aerospace and commercial businesses.

  • Market Realist

    Why Did HEXO Rise 17% on Thursday?

    Hexo (HEXO) had a hard time last week. A lot of headwinds pulled the stock down. However, the stock rose and closed with a gain of 17% on Thursday.

  • Cannabis 2.0: What Products Can Canadians Expect?
    Market Realist

    Cannabis 2.0: What Products Can Canadians Expect?

    The Cannabis 2.0 era has officially started. Now, Canadians can legally access a host of cannabis-infused products like beverages, vapes, and edibles.

  • Aurora Cannabis Plans to Launch Vapes despite Concerns
    Market Realist

    Aurora Cannabis Plans to Launch Vapes despite Concerns

    Despite vaping concerns, Aurora Cannabis plans to introduce vape products in December. Reports of vaping-related illnesses started in late August.

  • Meet the New Face of the Trump Resistance at Fox News
    Bloomberg

    Meet the New Face of the Trump Resistance at Fox News

    (Bloomberg) -- On Oct. 13, Chris Wallace, the host of “Fox News Sunday,” grilled Secretary of Defense Mark Esper about the administration’s response to the growing Ukraine scandal. That night, President Donald Trump jumped on Twitter and compared Wallace unfavorably to his late father.“Somebody please explain to Chris Wallace of Fox, who will never be his father (and my friend), Mike Wallace, that the Phone Conversation I had with the President of Ukraine was a congenial & good one,” Trump tweeted.Expect much more of the same to follow.Two days earlier, Shepard Smith, whose tough and factual reporting style often drew the ire of Trump and his supporters,  abruptly left the network. For years, Smith served not only as Fox News’ premier breaking news anchor but also as the most prominent banner carrier for the network’s team of straight-news reporters. His abdication positions Wallace as his natural successor.It’s a role guaranteed to attract fire. Trump has made it clear that he doesn’t appreciate it when his favorite TV channel exposes its viewers to unflattering news about him.Smith’s departure also makes Wallace more important than ever to the network, which relies on the credibility of its news division to counter criticism about its Trump-friendly prime-time hosts.“Smith leaving is a big deal” because Wallace can’t do it on his own, said Andrew Tyndall, publisher of the Tyndall Report, which monitors newscasts. To be considered a legitimate news outlet, “you can’t just point to one person.”Fox News says Wallace is just one of many respected journalists at the network who have confronted members of the Trump administration, including Bret Baier, Neil Cavuto and Martha MacCallum. But Wallace’s tough interviews, especially with Republicans, have been shared on social media and cited by other news outlets, reinforcing the notion that Fox News is feeding viewers more than just conservative talking points.While Smith appeared on Fox News every weekday, Wallace’s show only airs on Sundays, making him a less regular presence to viewers. (Wallace will join a rotating cast of news anchors filling in for Smith’s vacated 3 p.m. hour until the network names a permanent replacement.)“Chris becomes the next voice of realism at Fox News, but I’m not sure that he replaces Shep,” said Conor Powell, a former Fox News foreign correspondent. “Chris is a really good interviewer and plays an important role. But he only has one show once a week. Shep was on every day.”Wallace’s contract keeps him at Fox News through the 2020 election. His journalistic credibility is also good for business, helping Fox News host presidential debates, attract advertisers and charge distributors like Comcast Corp. higher fees to carry the network.“If it turns out you’re not a news organization anymore, you lose bargaining leverage with cable operators,” Tyndall said.“That’s been their mantra for decades: ‘We’re a real news organization. We have Shep Smith and Chris Wallace.’”Wallace, 72, was praised in 2016 for his performance moderating a presidential debate between Hillary Clinton and Trump. More recently, he’s gained attention for pushing back on explanations from the White House. He described responses by Trump aide Stephen Miller as “an exercise in obfuscation” and said Trump’s backers had been “deeply misleading.”Wallace calls himself an “equal opportunity inquisitor” and has said that he has the full support of Fox News executives.His father, Mike Wallace, was one of the original correspondents for “60 Minutes” on CBS. He died in 2012.Mike passed down his confrontational, devil-may-care gene to his son, said Jonathan Klein, a former president of CNN’s U.S. network.“Chris plows ahead and does what he thinks is right,” Klein said. “It serves Fox News viewers well because Chris knows they deserve to hear the truth.”The late Fox News founder Roger Ailes hired seasoned journalists like Wallace because he thought it would deflect criticism of the network’s right-leaning opinion hosts, Klein said.“That’s been their mantra for decades: ‘We’re a real news organization. We have Shep Smith and Chris Wallace,’” Klein said. “But these days I’m not sure how much they care about that. Their brand has morphed.”Fox News executives say they are investing more in journalism, a push that includes hiring new reporters, opening a high-tech studio and launching a news program at 11 p.m.Trump has attacked Wallace before. In May, he complained that Wallace complimented Democratic presidential candidate Pete Buttigieg, tweeting, “I like Mike Wallace better.”At a recent event during Advertising Week, Wallace reacted to Trump’s comparison: “One of us has a daddy problem, and it’s not me.”To contact the author of this story: Gerry Smith in New York at gsmith233@bloomberg.netTo contact the editor responsible for this story: Nick Turner at nturner7@bloomberg.net, Felix GilletteFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Occidental Petroleum (OXY) Stock Sinks As Market Gains: What You Should Know
    Zacks

    Occidental Petroleum (OXY) Stock Sinks As Market Gains: What You Should Know

    Occidental Petroleum (OXY) closed at $40.33 in the latest trading session, marking a -0.02% move from the prior day.

  • Aurora Cannabis: Preview of Its Cannabis 2.0 Strategy
    Market Realist

    Aurora Cannabis: Preview of Its Cannabis 2.0 Strategy

    On Wednesday, Aurora Cannabis gave a preview of its Cannabis 2.0 strategy. The company provided plans for the roll-out of edibles, concentrates, and vapes.

  • Implied Volatility Surging for Aurora Cannabis (ACB) Stock Options
    Zacks

    Implied Volatility Surging for Aurora Cannabis (ACB) Stock Options

    Investors need to pay close attention to Aurora Cannabis (ACB) stock based on the movements in the options market lately.

  • How Did Gildan Activewear Inc.'s (TSE:GIL) 16% ROE Fare Against The Industry?
    Simply Wall St.

    How Did Gildan Activewear Inc.'s (TSE:GIL) 16% ROE Fare Against The Industry?

    While some investors are already well versed in financial metrics (hat tip), this article is for those who would like...

  • Chart Industries (GTLS) Q3 Earnings and Revenues Lag Estimates
    Zacks

    Chart Industries (GTLS) Q3 Earnings and Revenues Lag Estimates

    Chart Industries (GTLS) delivered earnings and revenue surprises of -1.28% and -7.37%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?

  • Aphria: Analysts’ Target Price and Ratings after Earnings
    Market Realist

    Aphria: Analysts’ Target Price and Ratings after Earnings

    Aphria (APHA) reported impressive results for the first quarter of fiscal 2020 on Tuesday. The stock has gained 9.6% since its earnings.

  • Financial Times

    Corporate break-ups: spin cycle

    Swedish fund manager Carnegie Fonder, itself a spin-off, is the latest to jump on the bandwagon, or “super trend” as it prefers to call it. A new fund will take positions and jostle boards when it thinks spin-offs can create value. Divestments or spin-offs were called for in a quarter of the cases of European activism. The trend is driven by the hope that faster-growing or trendier parts of large companies will command higher stock market ratings.

  • Aurora Cannabis Stock Is Gearing Up for a Breakout
    Market Realist

    Aurora Cannabis Stock Is Gearing Up for a Breakout

    On October 15, Aurora Cannabis closed at $3.76, up 7.12% from the previous session. This performance lagged the S&P; 500’s 1.00% rise on the day.

  • Canopy Growth Acquires Beckley Canopy Therapeutics
    Market Realist

    Canopy Growth Acquires Beckley Canopy Therapeutics

    On October 15, Canopy Growth (CGC) completed the acquisition of cannabinoid-based research company Beckley Canopy Therapeutics.

  • Charlotte’s Web Holdings: Analysts’ Target Price and Ratings
    Market Realist

    Charlotte’s Web Holdings: Analysts’ Target Price and Ratings

    As of Tuesday, Charlotte’s Web Holdings was trading at 18.15 Canadian dollars, which implies a fall of 37.0% since its second-quarter earnings on August 14.

  • Why the Earnings Surprise Streak Could Continue for Viacom (VIAB)
    Zacks

    Why the Earnings Surprise Streak Could Continue for Viacom (VIAB)

    Viacom (VIAB) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

  • What Kind Of Shareholder Appears On The Independent Bank Corp.'s (NASDAQ:INDB) Shareholder Register?
    Simply Wall St.

    What Kind Of Shareholder Appears On The Independent Bank Corp.'s (NASDAQ:INDB) Shareholder Register?

    Every investor in Independent Bank Corp. (NASDAQ:INDB) should be aware of the most powerful shareholder groups...

  • Why Earnings Season Could Be Great for Chart Industries (GTLS)
    Zacks

    Why Earnings Season Could Be Great for Chart Industries (GTLS)

    Chart Industries (GTLS) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

  • Cannabis Edibles: October 17 Is Almost Here!
    Market Realist

    Cannabis Edibles: October 17 Is Almost Here!

    Cannabis edibles legalization is almost here! On Thursday, Canada will finally legalize edibles, infused beverages, and extracts.