One Analyst Predicts Canopy Growth is Headed to Zero, Should You Cut Losses and Move On?
At one point, Canopy Growth (CGC) was valued at $19 billion. The stock traded at over $50/share at its peak. But today? It sits at a mere $0.49/share. And as dramatic a fall from grace as this story already is, one analyst expects the true end is near. Benchmark analyst Mike Hickey believes Canopy Growth is headed to zero [...]
Eagle Materials Inc. At All-Time High: Further Price Gains to Come?
by Leslie N. Masonson, MBA Eagle Materials, Inc. (EXP:NYSE), headquartered in Dallas, Texas and founded in 1963 maintains a 2,400 person workforce. Formerly, the company’s name was Centex Construction Products, Inc. with a change to the current moniker in 2014. EXP manufactures heavy construction materials and light building products. Its four main operating specialties are: recycled paper, gypsum wallboard, [...]
Eli Lilly is Up 38% in the Past 3 Months: What Keeps Pushing the Stock Higher, and Will it Continue?
While much of the recent focus within the stock market has been placed on the AI trend, one stock in the pharmaceutical industry has been on a surge so far this year: Eli Lilly (LLY). The stock sat at just $311/share at the start of March. And today, the stock sits at $452/share. But, what has contributed to this [...]
Overstock.com Wins Bed, Bath, and Beyond Bid, Jumps 22%: What Does it Mean for the Company?
According to a court filing yesterday, Overstock.com (OSTK) has won a bid to purchase the assets of failed home goods store Bed Bath & Beyond (BBBYQ). The latter declared Chapter 11 bankruptcy in April and is still set to close down its physical storefronts by July. Overstock.com spent $21.5 million to purchase the assets, including patents, logos, corporate names, [...]
How to Buy the Dip: Meaning and Strategy to Earn Higher Trading Profits
Even for seasoned traders, investing can often feel like an expedition into the unknown. With market conditions shifting as unpredictably as ocean tides, it's understandable if you find yourself questioning whether you're navigating the waves or merely being swept along. For many investors, one phrase surfaces repeatedly, presenting itself as a lifeline to potentially secure higher trading profits: buy the [...]
FedEx Falls on Disappointing 4th Quarter Earnings – Cause for Concern, or is the Stock Still Strong?
FedEx (FDX) reported fiscal 4th quarter earnings on Tuesday, and while there were some positive highlights, much of the report was negative. As a result, shares fell more than 5% in extended trading. This was the company’s third consecutive quarter in a row of declining revenue, as sales fell more than 10% to just $21.93 billion. The guidance for [...]
