Excitement over meme stocks has been effective in helping to send biotech penny stocks on wild moves higher. But as that trend continues to fade, names in this category are going to lean more on company-specific catalysts to move the needle. Those catalysts will include progress and updates reg
Marijuana stocks slipped in Wednesday afternoon trading. Shares of Sundial Growers (NASDAQ:SNDL) are trading down 2.8% as of 2:35 p.m. EDT, followed by Aurora Cannabis (NASDAQ:ACB) with a 3.2% loss, Hexo (NASDAQ:HEXO) down 3.8%, and Canopy Growth (NASDAQ:CGC) bringing up the rear with a 4.1% decline.
I blame CNN.
Image source: Getty Images.
Citing a report from the Canadian Medical Association Journal Tuesday, CNN warned that “whether you smoke it, vape it, or eat it as an edible, cannabis may be significantly increasing your risk....More>>>
Imperial Oil Limited (IMO Quick QuoteIMO ) recently announced that it is on track to build an international-level renewable diesel facility at its Strathcona refinery close to Edmonton, Alberta.
From locally-produced and cultivated feedstocks, this new complex is set to produce more than 1 billion litres of renewable diesel fuel, annually. The project is intended to reduce emissions in the Canadian transportation industry by around 3 million tons a year, which is equivalent to removing almost 650,000 passenger vehicles from the road for a year.
Solar stocks took a beating Monday after China cut its national incentives to install solar projects. Shares of solar panel manufacturers Canadian Solar Inc. (NASDAQ:CSIQ) fell as much as 14.5%, JinkoSolar Holding Co. (NYSE:JKS) dropped as much as 17%, and Daqo New Energy Corp (NYSE:DQ) fell as much as 31.3% while inverter manufacturer Enphase Energy Inc (NASDAQ:ENPH) fell up to 13.5%. By early afternoon, most major stocks in the solar industry were down double digits.
There were two pieces of China’s solar ruling, one having to do with distributed....More>>>
Canada may be locked in a trade fight with the U.S., but the country’s exporters aren’t slowing down.
According to Markit’s survey of Canadian manufacturers, the index for new export orders hit 55.9 in May, the highest since 2011 and compared with a five-year average of just 51.4. The gauge has risen sharply since the start of the year, suggesting demand for Canadian goods is strengthening.
It’s a timely development, since another report Thursday showed the country’s typically staunch consumers are showing signs of fatigue. Exports may be the....More>>>
Mexico’s peso and Canada’s dollar are vulnerable to short-term weakness as talks drag on to salvage the North American Free Trade Agreement, with big swings only likely if a deal is reached quickly or the accord is scrapped altogether, according to Morgan Stanley.
Mexico’s currency could drop 10 percent if the deal is terminated, strategists including Michael Zezas wrote in a note Friday. On the other side of tail risks, if the pact is agreed to and signed this year, they would expect the peso to strengthen about 5 percent.
The Tax Cuts and Jobs Act raised the federal estate tax exemption considerably. Before the tax reform law, it was $5.49 million per person for 2017. It's up to $11.7 million for 2021 ($23.4 million for a married couple). So, now, even fewer taxpayers have to worry
Gritstone bio, Inc. (NASDAQ:GRTS)'s stock price shot up 11% during mid-day trading on Thursday . The company traded as high as $10.64 and last traded at $10.60. 16,736 shares traded hands during mid-day trading, a decline of 99% from the average session volume of 1,641,213 shares. The stock had
After the onset of the Covid-19 pandemic last year, ride-share facilitator Uber (NYSE:UBER) took a major financial hit. UBER stock got slammed – yet, folks who held on for the bumpy ride were rewarded eventually.
Real estate investment trusts (REITs) have been stellar performers so far in 2021. The real estate sector's roughly 30% total return (price plus dividends) through the end of August easily beats the 21%-plus return for the S&P 500 Index.