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Reuters Company NewsJun 25, 2019
US STOCKS SNAPSHOT-Wall Street opens flat ahead of Fed speeches
U.S. stocks opened flat on Tuesday, as rising tensions in the Middle East and signs that U.S.-China trade talks may generate little progress kept investors on the sidelines, ahead of a handful of speeches by Federal Reserve officials later in the day.

Reuters BusinessJun 25, 2019
Wall St. opens flat ahead of Fed speeches
U.S. stocks opened flat on Tuesday, as rising tensions in the Middle East and signs that U.S.-China trade talks may generate little progress kept investors on the sidelines, ahead of a handful of speeches by Federal Reserve officials later in the day.

MarketWatch MarketPulseJun 25, 2019
Hexo shares slide 3.4% premarket as Oppenheimer downgrades stock to perform from outperform
Shares of Quebec, Canada-based medical cannabis company Hexo Corp. fell 3.4% in premarket trade Tuesday, after Oppenheimer downgraded to stock to perform from outperform and said it sees greater gross margin pressure than expected when it first initiated coverage of the stock in February. "With our updated forecasts and incorporating Newstrike, we now view shares as more fairly valued," analyst Rupesh Parikh wrote in a note to clients. Hexo acquired Newstrike Brands in March in an all-stock deal valued at about C$263 million ($197 million). He noted the stock's 63% year-to-date gain, which compares with an 18% rise in the S&P 500 and is well ahead of some of the company's peers. "Although we are stepping to the sidelines, we still see many positives to the HEXO story longer term and believe the name should remain on the radar for investors," said Pariksh.

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.


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