&l;p&g;As Canada comes close to legalizing recreational marijuana, cannabis stocks have witnessed a sudden surge in their valuation. Despite the vast upside opportunity for pot stocks, the opening up of the recreational marijuana market may be faced with regulatory hardships, just like the tobacco industry. However, the investors seem to be positive about these stocks, hoping these stocks replicate the growth trajectory of tobacco stocks, such as &l;a href=&q;http://finapps.forbes.com/finapps/jsp/finance/compinfo/CIAtAGlance.jsp?tkr=pm&a;amp;tab=searchtabquotesdark&q; target=&q;_blank&q;&g;Philip....More>>>
Nordea (OTCPK:NRBAY) is, for those unfamiliar, the biggest pan-Nordic banking group, having market shares of 15-30% in each of the four Nordic countries: Denmark, Finland, Norway, and Sweden. According to Global Financial Magazine, Nordea was ranked as the 29th safest bank globally in 2017. The ranking was based on the long-term foreign currency ratings issued by Fitch Ratings, Standard & Poor’s and Moody’s Investors Service.
Source: Company data
Another indicator of its safe-haven status is the fact that Nordeas junior subordinated bonds, or the so-called....More>>>
January 8, 2018: Here are four stocks trading with heavy volume among 45 equities making new 52-week lows in Monday’s session. On the NYSE advancers led decliners by less than 3 to 2 and on the Nasdaq, advancers and decliners finished roughly even.
GoPro Inc. (NASDAQ: GPRO) dropped about 33% Monday to post a new 52-week low of $5.04 after closing at $7.52 on Friday. The stock’s 52-week high is $11.89. Volume was around 55 million, nearly 14 times the daily average of around 4.6 million. The company cut its profit guidance this morning, among other bits of bad news for shareholders.
Blackstone co-founder Stephen Schwarzman (Photograph by Jamel Toppin)
As President Donald Trump visits Saudi Arabia on the biggest foreign trip of his presidency, private equity giant Blackstone Group is unveiling a $40 billion infrastructure fund with the gulf nation, which will primarily invest in the United States. Saudi Arabia will commit $20 billion to the Blackstone infrastructure fund and another $20 billion will be raised from other limited partners, readying cash that could lead to $100 billion in total infrastructure investments on a leveraged basis.
Toward the end of trading Tuesday, the Dow traded down 0.09 percent to 24,268.65 while the NASDAQ climbed 0.39 percent to 6,801.80. The S&P also rose, gaining 0.05 percent to 2,640.71.
Leading and Lagging Sectors
Tuesday afternoon, the information technology sector proved to be a source of strength for the market. Leading the sector was strength from 3D Systems Corporation (NYSE: DDD) and Ceragon Networks Ltd. (NASDAQ: CRNT).
In trading on Tuesday, utilities shares fell 1.15 percent.
Toll Brothers, Inc. (NYSE: TOL) reported downbeat results....More>>>