Why BMO Capital Markets Is Downgrading Beverage Stocks
This past week, BMO Capital Markets issued a few calls that might be game changers in the beverage industry. In fact, the firm believes that a couple of these stocks are about to slow…
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Why One Key Analyst Thinks Beverage Stocks Are About to Slow Down
24/7 Wall St. has taken a close look at a recent report from BMO Capital Markets and how it views the beverage industry and where these stocks stand to go from here.
Amazon Offers Prime Discount to Those on Government Assistance
Amazon.com has come up with a new program that offers discounts for its Prime service to people on a number of government assistance programs.
Why Herbalife’s Shares Are Tumbling Monday Morning
Herbalife raised its second-quarter and full-year EPS guidance Monday morning, at the same time that it warned that sales could be lower due to last year's settlement with the FTC.
Marijuana News Roundup: California Assembly Votes to Become a ‘Sanctuary State’
The California Assembly has passed legislation that would prohibit local and state authorities from helping federal officials enforce federal laws against marijuana use and possession. Other stories include a call from the American Legion…
Marijuana Price Down 4% to $1,553 a Pound
The July average spot index price for a pound marijuana fell more than 4% last week. Analysts at Cannabis Benchmarks say that lower production costs in some markets and oversupply in others has led…
Why Lululemon Is Rallying
Lululemon Athletica reported better-than-expected fiscal first-quarter financial results on Thursday, and its shares were sharply higher in Friday's premarket.
Kellogg Fires Hundreds
As the cereal business continues to suffer, so does the Kellogg workforce. Several hundred people were laid off as the company shutters some of its shipping centers.
GMS Gears Up for Secondary Offering
GMS says it plans to offer 5 million shares in a secondary offering valued up to $189 million.
Marijuana News Roundup: Medical Marijuana Could Cost Big Pharma $4 Billion
This week's marijuana news includes a new study that projects medical marijuana use could cost pharmaceutical makers $4 billion a year; fast-tracking recreational marijuana sales in Nevada; and other top stories.
Marijuana Price Flat at $1,623 a Pound
The average wholesale futures price for marijuana was unchanged last week at $1,623 per pound. The wholesale price for a gram dropped by 18 cents to $4.14.
UPS Fined $247 Million for Shipping Illegal Cigarettes to NY
UPS was fined $247 million by a court for shipping cigarettes to New York without the payment of appropriate taxes.
Spinners Can Brace for Peloton IPO in Late 2017 or in 2018
Indoor cycling bike company Peloton has just completed a fairly significant capital raise that makes the company a unicorn. Many think this could pave the way toward its initial public offering.
NRA Woos Potential Members With Trucks, Other Inducements
The National Rifle Association is all about the Second Amendment and the right to bear arms. But the organization is also all about using incentives and inducements to raise membership.
Nike Signs Giant’s Beckham For $29 Million, Biggest Shoe Deal Ever
Nike was able to do what defensive backs in the National Football League have been unable to do: hold on to Odell Beckham Jr.