Wayne Duggan - Spark Newswire

2 minute read

Cannabis Experts Skeptical Of Latest U.S. Reform Bill

August 2, 12:15 PM

After a huge surge following the 2020 election, the ETFMG Alternative Harvest ETF (NYSE: MJ) has taken a dive in the past three months as optimism surrounding the outlook for U.S. federal legalization has faded.

3 minute read

Why A ‘Massive Wave Of Bankruptcies’ Could Be Just Around The Corner

By Wayne Duggan

July 30, 2:50 PM

The U.S. economy is steadily recovering from the pandemic, and more than $6 trillion in government stimulus appears to have prevented a worst-case economic catastrophe. The SPDR S&P 500 ETF (NYSE: SPY) has even nearly doubled from its pandemic lows in March 2020.

AMC

3 minute read

9 Amazon Analysts Break Down Q2 Earnings: ‘Comps Tougher Than Expected’

By Wayne Duggan

July 30, 2:13 PM

Amazon.com, Inc. (NASDAQ: AMZN) shares traded lower by 7% on Friday after the company reported slowing revenue growth in the second quarter and issued weak guidance for

AMZN

2 minute read

If You Invested $1,000 In Bitcoin, Ethereum, Dogecoin And Other Cryptos One Year Ago, Here’s How Much You’d Have Now

By Wayne Duggan

July 29, 2:25 PM

The stock market has performed very well in the past year, and virtually anything investors have touched has turned to gold. In fact, the SPDR S&P 500 ETF (NYSE: SPY) total return over that stretch has been 30.8%.

SPY

2 minute read

Robinhood Stock Opens At $38, Initially Trades Below IPO Price

By Wayne Duggan

July 29, 12:37 PM

After months of anticipation, shares of Robinhood Markets Inc. (NASDAQ: HOOD) began trading on Thursday after the popular trading app completed an IPO valuing the company at $32 billion.

AMC

3 minute read

PayPal’s Stock Pulls Back After Q2 Earnings: Blame eBay?

By Wayne Duggan

July 29, 12:15 PM

Paypal Holdings Inc (NASDAQ: PYPL) shares are down 5% after the company reported second-quarter sales and profit numbers that disappointed the market.

EBAY

2 minute read

Tilray Analysts Bullish Following Earnings Pop

By Wayne Duggan

July 29, 10:45 AM

After a big post-earnings pop on Wednesday, Tilray Inc (NASDAQ: TLRY) pulled back a bit on Thursday morning. However, analysts say there’s still more upside ahead of the Canadian cannabis giant.

TLRY

1 minute read

GM Buys Cadillac For $4.5M 113 Years Ago Today: What Happened Since?

By Wayne Duggan

July 29, 9:30 AM

Each day, Benzinga takes a look back at a notable market-related moment that occurred on this date. What Happened? On this day in 1909, General Motors Company (NYSE: GM) acquired Cadillac Automobile Company for $4.5 million.

2 minute read

Breaking Down The Pandemic’s Lingering Impact On Market Sectors

By Wayne Duggan

July 26, 5:33 PM

There’s no question the COVID-19 pandemic has had a significant and potentially lasting impact on the economy. Nadex recently compiled a report focusing on the U.S. economic recovery up to this point on a sector-by-sector basis.

SPY

3 minute read

If You Invested $1,000 In DraftKings Stock One Year Ago, Here’s How Much You’d Have Now

By Wayne Duggan

July 26, 2:11 PM

Investors who have owned stocks in the last year have generally experienced some big gains. In fact, the SPDR S&P 500 (NYSE: SPY) total return over the last 12 months is 39%. But there is no question some big-name stocks performed better than others along the way.

DKNG