Why Philip Morris Earnings Went Up in Smoke
Cigarette maker Philip Morris missed on both profit and revenue estimates for the first quarter. Cigarette shipment volume fell more than 11% in the quarter.
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Why Credit Suisse Sees Big Upside for Coca-Cola as a Total Beverage Company
Whenever an influential firm on Wall Street issues an upgrade on a member of the Dow Jones Industrial Average, it is probably hoping for the stock to rise.
Why Credit Suisse Sees Apple Driving Even Higher
Credit Suisse maintained an Outperform rating for the iPhone giant's shares but raised its price target.
New, Expensive Cigarettes Contain Pot
A Colorado company has begun selling professionally made marijuana cigarettes that are intended to be sipped like fine wine. The cigarette cost $85 for a package of 10.
Marijuana News Roundup: Canada Government Launches Bill to Legalize Marijuana
Legislation legalizing marijuana for adult use has been introduced into the Canadian parliament. The legislation is expected to pass and legal marijuana sales are targeted to begin in the summer of 2018.
Marijuana Price Dips to $1,655 a Pound
The U.S. wholesale spot price for a pound of marijuana retreated last week to $1,655. The six-month futures price fell to $1,460 per pound.
Apple Short Interest Drops Nearly 13%
Apple saw its short interest drop by almost 7 million shares for the period ended March 31. Based on this, Apple ranked 12th among the most shorted stocks listed on the Nasdaq.
Taxing Marijuana a Delicate Balance for Governments
Taxes on legal sales of marijuana are a boon to state and local governments looking for a way to raise revenues. But a Canadian researcher warns that setting tax rates too high could push…
Analysts Look Mixed on Canada Goose After Quiet Period Ends
Canada Goose recently came public with an initial public offering back in mid-March, and its quiet period has just come to a close.
Marijuana News Roundup: Florida Congressmen Introduce Bill to Make Pot Easier to Get
This week's marijuana news included new legislation introduced in Congress to ease some restrictions on marijuana, a new marijuana ETF, and an entrepreneurial business in Los Angeles combining pot and VR gaming.
Marijuana Price Dips to $1,679 a Pound
The wholesale spot price for a pound of marijuana dipped slightly last week to $1,679. The spot price for a gram dropped nearly 3% to $4.00.
Adidas Uses 3D Technology to Make Running Shoes
Adidas has turned to 3D technology to make part of a new line of running shoes. The company eventually will make 100,000 pairs, as it works to find means to stay ahead of rivals…
Constellation Brands Cheers Solid Q4 Earnings
Constellation Brands released better than expected fiscal fourth-quarter financial results before the markets opened on Thursday.
Why This Analyst Thinks Nike’s Run Could Be Over in 2017
Despite Nike making such a strong start to the year, one key independent research firm sees slowing growth at the athleisure giant, not to mention increased competition.
Ralph Lauren to Close Flagship New York Store
Clothing company Ralph Lauren has announced it will shutter its flagship store on New York's Fifth Avenue and take steps to lower costs.