Cloud security company Okta (NASDAQ:OKTA) had a tremendous couple of years. Since trading at just $22.60 in early 2017, it quickly became a crowd favorite, soaring as high as $141.85. Since then, OKTA has crashed 34% off those highs. However, the plunge in OKTA stock has created a long-term buying opportunity. Source: Sundry Photography /
It has been a glum time for ExxonMobil (NYSE:XOM) shareholders. Regardless of whether you’re looking at the past one year, five years, or ten years, XOM stock has been stuck in the mud. You’d have to go back to before the Great Financial Crisis since XOM stock made investors significant money. Source: Shutterstock As is
Morgan Stanley equity strategist Michael Wilson suggested Oct. 14 that the mini-trade deal with China announced by Donald Trump the previous week is not going to help stocks reverse their course and move higher despite the two-day rally on the news. “The bottom line is that without a significant roll-back of existing tariffs, we don’t
Stocks dipped Friday, but closed well off session lows. The dollar slumped to its lowest levels in three months despite weak data out of China, the world’s second-largest economy. China said its third-quarter GDP grew by 6%, but economists were forecasting a slightly higher uptick of 6.1%. Source: rafapress / Shutterstock.com On the back of
Real estate mogul Barry Sternlicht told CNBC on Friday that while WeWork has had its failures, there’s still a real business to be found at its core. “This company got a little off of the rails,” said Sternlicht, chairman and CEO of investment firm Starwood Capital, which has about $60 billion in assets under management.
Whatever it is, here are the latest predictions from big institutions. Not exactly recently, but Citigroup went on record in early September saying they expect gold to hit 2000 USD/troy oz in the next 2 years. HSBC said yesterday they’re looking for 1605 by the end of 2020. Standard Chartered is looking for 1570 by the end of next
Morgan Stanley headquarters in Times Square, New York. Source: Morgan Stanley Check out the companies making headlines in midday trading: Netflix – Shares of the streaming service rose 3.4% after Netflix reported mixed third-quarter earnings results, beating Wall Street’s expectation for earnings and international subscriber growth but just missing on both revenue and domestic subscriber growth.
Altria (NYSE:MO) stock again finds itself hurt by negative headlines. The controversy over its vaping product, Juul, has led investors to dump MO stock. As a result, it now trades close to its 52-week lows. Source: Kristi Blokhin / Shutterstock.com However, as a result of the concerns surrounding Juul, Altria stock trades at a relative
Last October, Aurora Cannabis (NYSE:ACB) went public on the New York Stock Exchange. At the time, investors were full of optimism about the Canadian pot stock. The company beat out its rivals in terms of production capacity and was already expanding globally. But nearly a year later, ACB stock’s prospects don’t seem quite as strong.
Investors enjoyed solid gains in the stock market today. Equities began Thursday’s trading session with a jolt of optimism, following reports that a Brexit deal has been reached. However, some of that optimism faded as stocks worked into the afternoon, before a late-session bounce came along. No index performed as well as the Russell 2000,
Goldman Sachs CEO David Solomon said Thursday that the company is just starting to build out its consumer-facing digital banking offerings. “We’re building for the long term. I feel good about the progress that we’re making,” the Goldman chief said in an interview with CNBC’s Wilfred Frost. “I think we’re in the early stages of
Today Cronos Group Inc. (CRON) announced an initial public offering of its 50/50 joint venture with NewSouthern Capital Pty Ltd. called Cronos Australia. The company is planning to offer 40 million shares in November. The IPO is anticipated to be priced around AUD$0.50 ($0.34) per share. Cronos Group is expected to own a 31% stake
Pedestrians pass in front of an E-Trade location in New York. Scott Mlyn | CNBC Check out the companies making headlines after the bell: Shares of E-Trade whipsawed during extended trade Thursday, first climbing about 4% immediately after the market close before slipping and settling about 1.4% below the closing price following the company’s third-quarter earnings
As the third-quarter earnings season continues, stocks to buy keep marching higher, helped by solid results, hopes surrounding a draft Brexit deal, and good economic data. Ten of 11 S&P 500 sector groups are trading higher and the Dow Jones Industrial Average is challenging the 27,000 level once again. A number of familiar but troubled
In a good economy, restaurant stocks are usually good bets. And there are some in this sector that are doing very well and are worth considering. I wrote about one in particular last week. But a rising tide doesn’t lift all boats. And some restaurant stocks are having a tough go of it now. Consumer
Today, global stocks, including the major U.S. equity benchmarks, were assisted to the upside on news that the U.K. has finally reached a Brexit agreement. And talks of a trade war between China and the U.S. were not the star attraction on the Dow Jones today. Source: Venturelli Luca / Shutterstock.com As has been par
Chesnot | Getty Images Despite the big surge in the stock, Macquarie Research downgraded its rating of Netflix to neutral from outperform on Thursday, saying the streaming service’s latest quarterly results were “comforting, but competition is coming.” “We think it will be hard for Netflix to grow much more in the US, and we suspect
Share to facebook Share to twitter Share to linkedin The logo for ExxonMobil appears above a trading post on the floor of the New York Stock Exchange. (AP Photo/Richard Drew, File) As anticipated by the market, Exxon Mobil (NYSE:XOM), the world’s largest publicly traded oil and gas company, posted a strong improvement in its June
In the wake of recent performance downgrades from Wall Street analysts, Canopy Growth Corp. (CGC) today announced its divestment of AusCann, signaling a potential shift in the company’s growth strategy. Thus far, Canopy Growth has exhibited an aggressive acquisition strategy — much to the malaise of investors concerned about cash burn. Even today, the
Fans gather at the Netflix booth at a trade show. Mike Blake | Reuters Check out the companies making headlines after the bell: Shares of Netflix surged more than 9% during extended trading after the company had a third-quarter earnings beat, though fell just shy of revenue estimates. The streaming giant posted earnings of $1.47