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What Is Going On With Cannabis Stocks? US Reclassification Causes Shockwaves

The investment landscape for cannabis companies experienced a seismic shift as stock prices surged in response to the Biden administration's proposal to reclassify cannabis as a Schedule III substance, marking a substantial c

Asktraders News Team
St James’s Place Shares Are Down 37% This Year – Here’s Why

St James's Place (LON: STJ), the wealth management firm, has seen its share price tumble 37.36% so far in 2024. As of May 2, shares are trading at just 432.4p, a notable drop from the year's highs. But what's behind this decl

Sam Boughedda
Revolution Bars Confirms Talks With Rival Nightcap

Revolution Bars Group (LON: RBG) officially responded to recent speculation regarding talks with Nightcap plc on Thursday, confirming an "exploratory meeting" between the two parties.

Sam Boughedda
Nikkei 225 Pulls Back Slightly With Fed Meeting Looming Heavy

The Japanese stock markets staggered today, largely shadowed by Wall Street's significant downturn to end yesterday firmly red, the impending Fed Meeting, and compounded by the closure of multiple markets in the region due to

Asktraders News Team
Updated – Barclays Upgrades Eli Lilly Shares As Earnings Surpass Expectations

Off the back of the strong earnings delivered on Wednesday, Eli Lilly get a big raise in price target from Barclays, pushing forecasts up to $913 (from prior mark of $810). Despite the firm having already added 5.95% to its'

Asktraders News Team
52 Week Highs On A Dividend Cut – EPS Beat Helps On A Day Of Surprises

3M shares (NYSE: MMM) had a good day of trading on Tuesday, ending up 4.72%. The earnings report was positive from a growth perspective, with both sales and revenue beating expectations, but a surprising announcement of a for

Asktraders News Team
Here’s Why Kingfisher and Ocado are 2 of the Most Shorted London-Listed Stocks

Despite the recent performance of the FTSE 100, which has hit new highs in recent days, two companies in the blue-chip index have come under some selling pressure. Kingfisher (LON: KGF) and Ocado (LON: OCDO) are two of the mo

Sam Boughedda
GSK Makes Strong Start to 2024, Q1 Sales Rise 10%

Pharmaceutical giant GSK (LON: GSK) said it has kicked off 2024 on a high note, reporting a robust 10% increase in total sales for the first quarter, with an even more impressive 13% rise excluding COVID-related products. 

Sam Boughedda
MicroStrategy Shares Down Big Today, Staying The Course On BTC Strategy

MicroStrategy Inc. (NASDAQ: MSTR), acclaimed for its pioneering strategy of integrating Bitcoin into its treasury practices, is now considering a new move to escalate its position in the cryptocurrency market. Despite the vol

Asktraders News Team
Mercedes-Benz Shares Down Almost 5%, Slow Start to Q1

The luxury automotive brand Mercedes-Benz (ETR: MBG) has encountered a challenging start to 2024, with earnings and revenue figures falling short of expectations amid ongoing supply chain issues and transitions in its vehicle

Asktraders News Team
McDonald’s Dips In PreMarket As Q1 Earnings Fail to Excite

As markets anticipate the ringing of the opening bell on April 30, McDonald's Corporation (NYSE: MCD) shares trade red through the premarket as the

Asktraders News Team
Ark Invest Adds More Palantir and Meta Platforms Stock Across Funds

Ark Investment Management, the pioneering investment firm led by

Asktraders News Team
JD Sports: Hibbett Deal Raises Execution Risk Concerns

JD Sports (LON: JD.) shares dipped almost 3% Monday after analysts at Barclays and Deutsche Bank released notes covering the stock, relaying their concerns regarding the recently announced deal to acquire Hibbett. 

Sam Boughedda
Hargreaves Lansdown Revenues Rise as Momentum Continues into April

Hargreaves Lansdown (LON: HL.) reported a robust performance for the three months ending March 31, 2024, with revenue reaching £199.7 million, marking a 6% increase compared to the same period last year.

Sam Boughedda
MGM Resorts Reports On 1st May – Markets Expecting Strong Q1

As MGM Resorts International (NYSE: MGM) gears up to unveil first-quarter results on May 1st, industry analysts project a rosy picture bolstered by consumer demand growth and a robust domestic casino market.

Asktraders News Team
FTSE 250 Outperforms the 100 on a Solid Day for UK Markets, Fed Incoming

London's stock markets ended trading on Monday in the green, with the FTSE 250 outperforming the 100. This positive move comes as market players await remarks from the US Federal Reserve, which is commencing its policy meetin

Asktraders News Team
SuperMicro Expected To Ramp Through 2024, Shares Rebound From Lack Of Guidance Dip

Super Micro Computer Inc (NASDAQ:SMCI) will unveil its first-quarter results after the market closes on April 30 and there has been some whipsaw in trading in the lead up, owing largely to what was unsaid. What was all the f

Asktraders News Team
Eagle Eye Solutions Shares Take Flight on New Tesco Personalised Promotions Contract

Shares in digital marketing specialist Eagle Eye Solutions Group PLC (LON:EYE) surged by 3.14% up 14.75 points this afternoon following the announcement of a new contract with grocery giant

Asktraders News Team
Singtel Shares (SGX: Z74) Stumble After Announcing Hefty $2.3 Billion Impairment Charges

Shares of telecommunications giant Singtel (SGX: Z74) dropped to a one-week low after the company forecast a staggering S$3.1 billion ($2.3 billion) in non-cash impairment provisions for the second half of the fiscal year end

Asktraders News Team
Tesla Rides the Tech Wave in China: Baidu Partnership Sends Stock Soaring

In a strategic move that has invigorated investor confidence, Chinese technology giant Baidu (HKG: 9888) has announced a mapping and navigation partnership with electric vehicle titan

Asktraders News Team
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