Stocks & Equities

Why Aurora Cannabis Stock Looks Like a Bargain Today

Posted by Ambrose O'Callaghan

on Thursday, 25 July 2019 9:04

Just over three months ago, I’d warned investors that the cannabis sector looked especially shaky in the middle of spring. At the time, industry experts and analysts were issuing warnings about earnings for top producers. Recreational sales disappointed in 2019 after a hot start following legalization in October 2018.

The crisis at CannTrust has exacerbated these problems and cast a shadow over the young sector. Horizons Marijuana Life Sciences ETF has plunged 20% over the past month as of close on July 24. So, should investors be fearful or greedy as volatility strikes cannabis stocks?

In the case of Aurora Cannabis I would argue for the latter approach. Aurora stock has plummeted 30% over the past three months. This recent dip has pushed shares into the low end of its 52-week range. The stock had an RSI of 32 as of close on July 24, which puts Aurora just outside technically oversold territory…CLICK for complete article

‘Concerning Trend’: Wall Street Weighs In On Tesla’s Q2 Earnings

Posted by Wayne Duggan

on Thursday, 25 July 2019 8:55

Tesla Inc shares plummeted on Thursday after the company reported a much larger-than-expected loss in the second quarter and fell short of consensus revenue estimates as well.

Tesla reiterated its full-year vehicle delivery guidance of between 360,000 and 400,000 units and once again said the company will be profitable in the second half of 2019. However, the market was disappointed with weak auto margins and yet another quarter of tremendous cash burn.

Several analysts have weighed in on Tesla following the report. Here’s a sampling of what they’ve had to say.

Elusive Profitability

Wedbush analyst Daniel Ives said profitability remains elusive for Tesla.

“Herein remains the concerning trend, that unless self driving functionality and other software upgrades are sold with Model 3 units it will be a major challenge for Tesla to ramp its business model and gross margin profile in line with long term targets and therefore show profits on an ongoing basis,” Ives wrote…CLICK for complete article

Which Countries Own the Most U.S. Debt?

Posted by Jeff Desjardins

on Wednesday, 24 July 2019 8:06

In the international finance system, U.S. debt can be bought and held by virtually anyone.

In fact, if you hold a U.S. Treasury bond or a T-Bill in your portfolio right now, you are already a creditor to the United States government.

And as you can see in today’s chart from HowMuch.net, foreign countries like China and Japan can also accumulate large positions in U.S. Treasurys, making them significant players in the overall United States debt pie….CLICK for complete article

Chinese Investments In the U.S. Plunge 90% Under Trump

Posted by Alex Kimani

on Wednesday, 24 July 2019 7:48

International trade and foreign direct investment (FDI) are considered the key drivers of global value chains. About 11 percent of economic activity (GDP) in the U.S. is dependent on foreign markets. But when relations sour between countries as they have between two of the world’s largest economies, foreign investments can dry up and put thousands of jobs in jeopardy. That’s why reports that Chinese investments in the U.S. have plunged nearly 90 percent under President Trump’s watch is quite disconcerting.  According to data by the Rhodium Group, Chinese FDI in the U.S. has fallen from a peak of $46.5 billion in 2016 to just $5.4 billion last year, sharply reversing a trend of rising investments from the Far East. Much of the blame for the massive decline can be pinned on amped up regulations, a battery of tariffs and growing unease by the U.S. on China’s expanding global influence.

The apathy is not mutual though, with American FDI into China only declining slightly from $14 billion 2017 to $13 billion in 2018. After lagging for years, China managed to overtake the U.S. in two-way FDI for the first time in 2015– the balance has now shifted back to the U.S….CLICK for complete article

Why Is U.S. Demand For Solar Panels Booming?

Posted by Tsvetana Paraskova

on Tuesday, 23 July 2019 9:14

Solar modules prices in the United States have reversed in recent months the trend of steady declines of the past few years, as many U.S. solar companies are hoarding panels to take advantage of the full solar subsidy that is set to step down beginning next year.

Due to high demand, the price of solar modules has recently increased by 10 percent from earlier this year, Reuters’ Nichola Groom writes, citing data from energy consultancy Wood Mackenzie.