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MarketWatchOct 17, 2018
Cannabis Watch: Marijuana stocks to watch: Tilray has big plans and a highly volatile stock
Tilray Inc. became the first cannabis company to go public on the Nasdaq this year, marking an important turning point for the sector — the successful IPO, Chief Executive Brendan Kennedy told MarketWatch, was a validation for the overall industry.

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Dow falls to session lows as Home Depot Inc., IBM stocks deliver 110-point headwind (MarketWatch MarketPulse)
Cannabis stocks sink early Wednesday as full legalization takes effect in Canada (MarketWatch Breaking News)

MarketWatchOct 17, 2018
Jeff Reeves's Strength in Numbers: With crude above $70, it's time to sell your oil stocks
From fracking stocks to Big Oil, there are few signs to encourage investors.

CNBC FinanceOct 17, 2018
Here's what every major Wall Street analyst had to say about Netflix's blockbuster earnings report
The Street's top analysts were largely bullish in the wake of Netflix's strong earnings and subscriber growth, pushing the stock even higher in premarket trading Tuesday.

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Netflix shares soar before the bell as Wall Street gushes over strong subscriber growth - CNBC (Google Business News)

MarketWatch MarketPulseOct 17, 2018
Trump to withdraw from postal treaty that has let China ship cheaply to U.S.
President Donald Trump plans to withdraw from a postal treaty that has allowed Chinese companies to ship small packages to the U.S. at a steeply discounted rate, the New York Times reported Wednesday. Under the Universal Postal Union treaty, China and other developing countries have since 1969 been assessed lower rates than wealthier nations. The Times says the decision to withdraw was made at the urging of Trump's trade adviser Peter Navarro. The National Association of Manufacturers said Trump deserved credit for his focus on eliminating what it called "the anti-U.S. manufacturer subsidy China receives from the U.S. Postal Service."

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



MarketWatch MarketPulseOct 17, 2018
Marijuana stocks sink as full legalization in Canada fails to inspire investors
Shares of companies in the cannabis business were broadly, and in many cases sharply lower, despite marijuana becoming fully legal in Canada. The ETFMG Alternative Harvest ETF tumbled 6.5% in morning trade, with 27 of 37 components trading lower, to extend Tuesday's 3.7% pullback. Among the more active pot stocks, Canopy Growth Corp. dropped 8.2%, Tilray Inc. lost 6.0%, Aurora Cannabis Inc. plunged 15%, Cronos Group Inc. slumped 9.9%, New Age Beverages Corp. shed 9.0%, India Globalization Capital Inc. slid 7.3% and MedMen Enterprises Inc. lost 6.0%. As of Wednesday, Canada became only the second country in the world to legalize marijuana for recreational use. The pot sector ETF has now gained 39% over the past three months, while the S&P 500 has slipped 0.2%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



MarketWatch MarketPulseOct 17, 2018
Tesla's stock jumps after Elon Musk discloses plan to buy $20 million worth of shares
Shares of Tesla Inc. rallied 1.9% in premarket trade Wednesday, putting them on track for a fourth-straight gain, after the electric car maker disclosed that Chief Executive Elon Musk plans to buy $20 million worth of newly issued Tesla common stock during the next open trading window at market prices. Based on Tuesday's stock closing price of $276.59, Musk could buy about 72,300 shares. Separately, Tesla said a U.S. District Court approved the terms of a settlement, in connection with action taken by the Securities and Exchange Commission relating to Musk's take-private proposal. "As part of the settlement, there will be no restriction on Elon's ability to continue to serve as Tesla's CEO and there will also be no restriction on Elon's ability to serve as a director on Tesla's Board of Directors," the company said in a statement. Also included in the settlement, Tesla and Musk will each pay a civil penalty of $20 million, Musk will resign as chairman and two additional independent directors will be appointed to Tesla's board. Tesla's stock has lost 14.3% over the past three months through Tuesday, while the Dow Jones Industrial Average has gained 2.7%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



MarketWatchOct 17, 2018
Market Snapshot: Dow futures fall more than 100 points after biggest 1-day gain since March, with Fed minutes ahead
U.S. stocks on Wednesday looked poised to pull back from an upsurge in the previous session that sent major indexes to their best one-day performance since March.

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Abbott drops 2.3% premarket after in-line Q3 profit, narrowed 2018 outlook (MarketWatch MarketPulse)
Stocks making the biggest move premarket: NFLX, IBM, CSX, UAL, TEVA & more - CNBC (Google Business News)

MarketWatchOct 17, 2018
The Ratings Game: Netflix investors rejoice, but some analysts urge caution
Weighing in on the latest Netflix results, analysts at KeyBanc downgrade shares, citing too much spending, too fast, and too long to wait for a return.

MarketWatch MarketPulseOct 17, 2018
IBM's stock is exacting a roughly 70-point toll on the Dow Jones Industrial Average
The Dow Jones Industrial Average on Wednesday was trading lower, mostly on the back of a sharp decline in shares of International Business Machines Corp. . Shares of the technology firm were down nearly 7% or about $10, contributing to a 70-point headwind for the Dow . A $1 decline in any one of the price-weighted Dow's components equates to a 6.89-point swing. The Dow was most recently trading 145 points, or 0.6%, lower at 25,656, a day after its best one-day point gain since late March. Meanwhile, the S&P 500 index was off 0.2% at 2,805, holding above a psychologically significant level at 2,800, while the Nasdaq Composite Index, known for its technology and internet-related constituents, was off 0.2% at 7,630. IBM's slide comes after the Armonk, N.Y.-based company late Tuesday topped Wall Street expectations for quarterly earnings but not for revenue, which declined again as it had done for years before 2018.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



MarketWatchOct 17, 2018
NewsWatch: Cannabis is now legal in Canada, but pot companies expect a rocky start
The launch of the recreational cannabis industry in Canada will be a volatile ride, but the companies forming the industry seem prepared.

Google Business NewsOct 17, 2018
Advertisers Allege Facebook Failed to Disclose Key Metric Error for More Than a Year - Yahoo Finance

Yahoo Finance


Facebook Inc. knew of problems in how it measured viewership of video ads on its platform for more than a year before it disclosed them in 2016, according to a complaint filed Tuesday by advertisers. A group of small advertisers filed a lawsuit in
A group of marketers is suing Facebook


MarketWatchOct 17, 2018
Europe Markets: Europe's key stock index takes cautious step higher with Brexit ‘moment of truth in focus'
Europe's main equity benchmark rose on Wednesday, extending a rally in the pervious session that marked the best day since early April, but hand-wringing around faltering negotiations between the European Union and the U.K. over a trade deal to exit from the trade bloc remained a key focus.

MarketWatch MarketPulseOct 17, 2018
Dow opens more than 100 points lower after sharp Tuesday rebound
U.S. stocks posted a mostly lower open Wednesday, a day after major indexes saw their biggest one-day rise since late March. The Dow Jones Industrial Average was off 126 points, or 0.5%, at 25,672, while the S&P 500 shed 0.1% to 2,807.13. The Nasdaq Composite was up slightly, however, rising 0.1% to 7,653. All three indexes rose more than 2% on Tuesday, taking back some of last week's steep losses, as investors appeared to cheer upbeat earnings. The Nasdaq was buoyed by gains for Netflix Inc. , which rose more than 7% after reporting quarterly results late Tuesday.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



MarketWatch Breaking NewsOct 17, 2018
Prudential Financial removed from federal ‘too big to fail' list
Prudential Financial removed from federal ‘too big to fail' list

MarketWatch Breaking NewsOct 17, 2018
Dow futures retreat more than 100 points on heels of best day since March
Dow futures retreat more than 100 points on heels of best day since March

MarketWatchOct 17, 2018
Mega Millions jackpot must get this big before more rich people start to play
Research suggests there's a tipping point where high earners spend more on lottery tickets than more than low earners.

MarketWatch Breaking NewsOct 17, 2018
Cannabis is now legal in Canada, but supply issues could bring a rocky start
Cannabis is now legal in Canada, but supply issues could bring a rocky start

RELATED ARTICLES
Cannabis Watch: Cannabis is now legal in Canada, but pot companies expect a rocky start (MarketWatch)

MarketWatch MarketPulseOct 17, 2018
Del Taco shares sink 10% after revenue miss and analyst downgrade
Del Taco Restaurants Inc. shares sank 10.3% in Wednesday premarket trading after the chain reported a fiscal third quarter revenue miss and was downgraded to neutral from buy at BTIG. Late Tuesday, Del Taco reported net income of $5.9 million, or 15 cents per share, up from $5.1 million, or 13 cents per share, for the same period last year. Adjusted EPS was also 15 cents, ahead of the 14-cents FactSet consensus. Revenue totaled $117.8 million, up from $111.0 million, but below the $120.0 million, FactSet guidance. System-wide same-store sales grew 1.4%, below the FactSet estimate for 2.2% growth. Company-operated restaurant sales were up 0.3%, and franchised same-store sales were up 3%. Average check growth was 2.9%, but average transactions fell 2.6%. Del Taco Chief Executive John Cappasola said in a statement that the $1 chicken quesadilla "did not support check or transaction trends," but the company plans to "generate transaction momentum" with a shredded beef limited-time offer. In addition the Del Taco mobile app will launch next month and delivery will launch system-wide in 2019 after first starting in Los Angeles, with help from GrubHub. "The combination of negative traffic and rising food and labor inflation dampens prospects for the coming year and we struggle to see how the concept can outperform," wrote BTIG analysts in a note. "While optimistic that greater focus on mid-tier and premium promotions and delivery could help stem the transaction decline, we are concerned that heightened pricing could further discourage consumers. We no longer see enough compelling reasons to remain positive." Wedbush maintained its outperform stock rating, but lowered its price target to $15 from $17. Del Taco shares have fallen 29.5% for the past year while the S&P 500 index has gained 9.8% for the period.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



MarketWatchOct 17, 2018
Cannabis Watch: A guide to pot stocks: What you need to know to invest in cannabis companies
Cannabis will be legal in Canada starting this Wednesday, generating strong interest from investors eager to get in on a market that analysts and experts expect to be worth billions of dollars.

Google Business NewsOct 17, 2018
IBM Slides After Q3 Revenue Miss as Turnaround Stalls - TheStreet.com

TheStreet.com


International Business Machines Corp. (IBM - Get Report) shares slumped in pre-market trading Wednesday after the technology giant posted weaker-than-expected third quarter revenues as cloud computer deliveries slowed and a stronger U.S. dollar ...
IBM Q3 2018: Flat Revenue Hides Mixed Results


The Motley FoolOct 16, 2018
The Sears Bankruptcy Is J.C. Penney's Last Best Chance to Recover
Sears is closing stores again after filing for bankruptcy. J.C. Penney needs to seize this opportunity to gain market share and revitalize comp-sales growth.

MarketWatchOct 16, 2018
The Wall Street Journal: Advertisers sue Facebook, claiming it concealed ad-metric errors for over a year
Facebook Inc. knew of problems with how it measured viewership of video ads on its platform for more than a year before it disclosed them in 2016, according to a complaint filed Tuesday by some advertisers.

MarketWatchOct 16, 2018
Here's how much Tesla lost in market cap now that Musk's SEC settlement is approved
A federal judge approves Elon Musk's settlement with the SEC, ending a chapter many Tesla Inc. investors would rather forget.
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