Timing & trends

Why Aurora Cannabis Rallied Almost 200% In 3 Days — And What’s Next For The Pot Stock

Posted by Shanthi Rexaline

on Tuesday, 19 May 2020 10:28

Ahead of the quarterly results released May 14, Aurora Cannabis stock was down about 74% year-to-date, ravaged by the broader market weakness orchestrated by the onset of the COVID-19 pandemic and its subsequent impact on the global economy.

After adding about 15% ahead of the earnings release, the stock jumped 69% May 15 to $11.20. The Canadian cannabis company reported net revenue growth of 18% for the fiscal year 2020 third quarter. The adjusted EBITDA loss narrowed from CA$80.3 million ($57.8 million) to CA$45.9 million ($33 million)…CLICK for complete article

The $30 Trillion Megatrend To Watch As Markets Bounce Back

Posted by Paul Cantle

on Tuesday, 19 May 2020 10:22

The economy is reopening, stock markets are already bouncing back in a hedge on the future, and we’re about to see the biggest shift in capital in years.

It’s a big money shift away from tradition and towards a future in which retail investors–and major hedge funds–demand that their investments go into companies that are sustainable.

It’s not politics or ideology. It’s not right or left. It’s pure free-market sentiment dictating what happens after the lesson the market has learned before and during a global pandemic:

Welcome to the $30-trillon-plus mega trend of sustainable investing, otherwise known as ESG (environmental, social and governance) Investing.

And welcome to one of the new companies positioned to give big capital exactly what it’s looking for: Canada’s Facedrive (TSXV:FD,OTC:FDVRF), the competitor to Uber that’s working to turn ride-sharing into a sustainable, more carbon-neutral industry.

Even better, while Uber has been burning cash like crazy for a decade and still isn’t profitable, Facedrive has an entire ecosystem of revenue generation setups that treat ride-sharing as much more than a ride: It’s a high-tech business segment that has many ways to generate revenue while the wheels are rolling…CLICK for complete article

Walmart Reports Q1 Earnings Beat, E-Commerce Sales Increase By 74%

Posted by Tanzeel Akhtar, Benzinga.com

on Tuesday, 19 May 2020 6:48

Walmart Inc shares were trading higher premarket Tuesday after the retailer reported better-than-expected first-quarter EPS and sales results for fiscal year 2021.

Walmart posted adjusted earnings per share of $1.18, beating the analyst consensus estimate of $1.17. This is a 4.42% increase over earnings of…click for full article.

Gold Soars To 7-Year Highs

Posted by Mining.com

on Monday, 18 May 2020 10:28

Gold climbed to a fresh seven-year high Monday after the US Federal Reserve said in a report last Friday that stocks and asset prices could “suffer a significant hit,” should the covid-19 pandemic deepen.

Chairman Jerome Powell warned that a full economic recovery could drag through until the end of 2021, depending on the delivery of a vaccine.

Spot gold jumped as much as 1.2% to $1,764.73 an ounce, the highest since October 2012. Since then it has cooled off, trading at $1,734.31 an ounce as of 11:15 a.m. EST.

Gold futures for June delivery also rose 1.0% earlier to $1,775.8 an ounce before falling down to $1,739.70 on the Comex…CLICK for complete article

25% Of US Restaurants Will Never Reopen: Opentable

Posted by ZeroHedge

on Friday, 15 May 2020 11:04

A quarter of US restaurants will go out of business due to the COVID-19 pandemic, according to a forecast by OpenTable, which reported that total restaurant reservations and walk-in customers have fallen 95% over the previous year ending May 13.

At the state-level, Florida showed the greatest statewide gain, with foot traffic only down 83% y/y after launching a phased reopening May 4 during which restaurants were allowed to operate at one-quarter capacity.

Indiana, which is now in phase two – allowing restaurants to operate at 50% of capacity – has come in second. The state is planning on a full reopening by the Fourth of July.

“Restaurants are complicated beasts,” said Steve Hafner, CEO of OpenTable parent company, Booking Holdings. “You have to order food and supplies. You have to make sure you’ve prepped the kitchen and service areas to be easily disinfected.”

According to Hafner, state unemployment benefits with the federal booster is one reason why restaurants have struggled to hire help. “A lot of people are making $1,200 a week doing nothing. That’s good pay.”

Meanwhile, restaurateur Danny Meyer – who shut down all of his 19 New York restaurants on March 13, says his dining rooms will stay closed for the foreseeable future, according to Bloomberg…CLICK for complete article