Source: ThinkstockAs marijuana for recreational use is legalized in more states, the cannabis industry will try to shed the stoner image that pot has developed over the years and try to appeal to a wider range of potential customers. The best strategy is probably to go where the money is.
That’s the strategy of an Aspen, Colorado-based company that makes and sells a package of 10 professionally made marijuana cigarettes for $85. The company is called Toast and its new cigarettes are called Slice.
More than 90% of marijuana’s psychoactive ingredient THC is removed from the cigarettes and the company hopes that older and wiser (and richer) users will choose a slight buzz over a stoned haze.
stock market timings: CSI Compressco LP(CCLP)
- [By Lisa Levin]
CSI Compressco LP (NYSE: CCLP) shares dropped 15 percent to $7.90. CSI Compressco lowered its quarterly cash distribution to $0.1875 per outstanding common unit. CSI Compressco is expected to release its Q1 earnings results on Tuesday, May 9, 2017.
stock market timings: The Advisory Board Company(ABCO)
- [By WWW.THESTREET.COM]
Advisory Board (ABCO) on Friday reached a settlement with activist investor Elliott Management’s Paul Singer that ends the threat of a director battlefor nowas the healthcare technology and consulting firm continues to explore strategic alternatives, such as a sale.
stock market timings: Helmerich & Payne, Inc.(HP)
- [By Wayne Duggan]
While Loop maintains a Buy rating on all of the stocks mentioned above, Guggenheim analyst Michael LaMotte isn’t quite so bullish on the sector. Earlier this week, LaMotte downgraded the following oil services stocks from Buy to Neutral:
Baker Hughes Incorporated (NYSE: BHI)
Fairmount Santrol Holdings Inc (NYSE: FMSA)
Helmerich & Payne, Inc. (NYSE: HP)
Nabors Industries Ltd. (NYSE: NBR)
Schlumberger Limited. (NYSE: SLB)
Superior Energy Services
Guggenheim also cut its 2017 oil price forecast from $55 to $48/bbl.
- [By Ben Levisohn]
Western Digitalnow expects Dec-Q revenue of $4.75Bn, gross margin of 36%, tax rate of 13%, and EPS between $2.10-$2.15; versus ~$4.71Bn, 36%, 14-16%, and $1.85-$1.95, respectively. We believe that the Dec-Q guidance update is mostly attributed to the resolution of IP disputes with Samsung and better-than-expected execution by Western Digital; meaning, we do not expect much read-through benefit forSeagate Technology (STX) or HP Inc (HP) (both Equal Weight-rated stocks)…
- [By Reuben Gregg Brewer]
Helmerich & Payne, Inc.(NYSE:HP) has an impressive dividend record, particularly when you take into consideration that it operates in the highly cyclical oil and gas services industry. The problem for investors, though, is that a dividend decision a few years ago obscures the income story here. This is one stock where the trend isn’t what it seems, and a little more analysis is needed to understand Helmerich & Payne’s true dividend potential.
stock market timings: HTC CORPORATION (HTCXF)
- [By David Kretzmann]
I expect a lot of talk this week about virtual reality (VR) and augmented reality (AR) — relatively new computing platforms that carry the potential to transform how people interact with technology. At present, there is no clear winner yet with either of these emerging platforms. Facebook (NASDAQ:FB)has Oculus, and Google is doing its part with Daydream. Another key player in the virtual reality landscape is HTC(NASDAQOTH:HTCXF) Vive, which recently hosted an event showcasing the company’s latest developments in VR.