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MarketWatchOct 16, 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.

MarketWatch MarketPulseOct 16, 2018
Dow opens up by more than 200 points, but Wall Street remains skittish
U.S. stock benchmarks on Tuesday kicked off trade firmly higher as investors focused on strong corporate results, which have helped to lift otherwise shaky sentiment. The Dow Jones Industrial Average rose 235 points, or 0.9%, at 25,480, the S&P 500 index advanced 0.7% at 2,770, while the Nasdaq Composite Index added 1.1% at 7,507, after technology and internet-related firms helped to undercut tepid optimism in the previous session. In corporate news, Goldman Sachs Group Inc. reported better-than-expected earnings per share of $6.28, versus analysts expectations of $5.38. Shares helped to lift the Dow. Morgan Stanley posted a 20% increase in profits to $2.15 billion. The retail brokerage's revenue grew to $4.4 billion for the quarter, 4% higher year-over-year. Shares also rose. However, the atmosphere around equity markets remain skittish amid rising geopolitical tensions and a rapid run-up in bond yields last week that fostered a brutal sell-off.

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 16, 2018
NewsWatch: 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.

Reuters BusinessOct 16, 2018
Wall St. opens higher led by tech stocks
U.S. stocks opened higher on Tuesday, led by technology stocks, as upbeat earnings from blue-chip companies helped ease jitters over the impact of an ongoing U.S.-China trade war and other global issues on corporate profits.

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US STOCKS SNAPSHOT-Wall St opens higher led by tech stocks (Reuters Company News)

MarketWatchOct 16, 2018
Need to Know: Stocks are ready for a reboot and nowhere near a bear market, says this trader
Stocks look ready to ramp higher on Tuesday, but some investors may still be a bit wary after last week's mini meltdown. Our call of the day says push those bear-market thoughts to the back of your mind.

USA Today MoneyOct 16, 2018
Strong buy stocks: Here are 5 winners in the battered stock market
The stock market sell-off has given investors few places to hide from the tumult. Here are some stocks that have weathered the storm.        

MarketWatch MarketPulseOct 16, 2018
Technology sector ETF surges with all 65 components gaining ground, led by Adobe
The technology sector's bounce Tuesday was practically unanimous, as the SPDR Techology Select Sector ETF rose 1.6% with all 65 equity components gaining ground. The top gainer was Adobe Inc.'s stock , which rose 7.1% after the software company provided an upbeat outlook. The other top gainers are shares of Arista Networks Inc. , up 2.8%, and Autodesk Inc. , up 2.7%. Among the most active components, Advanced Micro Devices Inc.'s stock tacked on 0.4%, Micron Technology Inc. shares rose 1.2% and Microsoft Corp. shares advanced 2.0%. The technology ETF was still down 2.2% over the past three months, while the Nasdaq Composite has lost 3.6% and the S&P 500 has slipped 0.7%.

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.



MarketWatch MarketPulseOct 16, 2018
Johnson & Johnson reports Q3 profit, revenue beats
Johnson & Johnson reported third-quarter profit and revenue beats early Tuesday. Earnings for the latest quarter rose to $3.93 billion, or $1.44 per share, after $3.76 billion, or $1.37 per share in the year-earlier period. Adjusted earnings per share were $2.05, above the FactSet consensus of $2.03. Revenue rose to $20.3 billion from $19.7 billion, above the FactSet consensus of $20.1 billion. Sales for the company's consumer and pharmaceutical segments beat the FactSet consensus, while sales for its medical device unit missed. The company also raised its 2018 revenue guidance from between $80.5 billion to $81.3 billion to a range of $81 billion to $81.4 billion, in line with the FactSet consensus of $81.2 billion. Johnson & Johnson also now expects 2018 adjusted EPS of $8.13 to $8.18, an increase from previous guidance of $8.07 to $8.17 and in line with the FactSet consensus of $8.14. Company shares rose a scant 0.1% in premarket trade. Shares have surged 7.4% over the last three months, compared with a 1.7% decline in the S&P 500 and a 0.7% rise in the Dow Jones Industrial Average .

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.



Reuters Company NewsOct 16, 2018
MIDEAST STOCKS-Saudi ends up, institutions appear to mount support operation
Saudi Arabian stocks plunged early on Tuesday on worries that the furore over the disappearance of dissident Jamal Khashoggi could damage foreign investment, but the market ended up after state-linked funds appeared to mount an operation to support it.

MarketWatch MarketPulseOct 16, 2018
Domino's Pizza shares slide 5.7% premarket after revenue miss
Domino's Pizza Inc. shares slid 5.7% in premarket trade Tuesday, after the company missed revenue estimates for the third quarter. Ann Arbor, Michigan-based Domino's said it had net income of $84.1 million, or $1.95 a share, in the quarter, up from $56.4 million, or $1.18 a share, in the year-earlier period. Adjusted per-share earnings also came to $1.95, ahead of the FactSet consensus of $1.75. But revenue of $785.9 million, up from $643.6 million, fell short of the $790.0 million FactSet consensus. Domestic same-store sales rose 6.3%, while international same-store sales were up 3.3%. Shares have gained 44% in 2018, while the S&P 500 has gained 2.9%.

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 16, 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 15, 2018
Canopy Growth spikes to a record high as Canada gets ready to legalize weed - Business Insider

Business Insider


Weed stocks surged Monday as Canada prepares to legalize marijuana on October 17. Canopy Growth soared more than 14%, hitting a record high of $57 a share. Rivals Tilray, Aurora Cannabis, and Cronos gained between 11% and 19%. Also on Monday ...
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