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Roku Collapses Despite Beating on Revenue and Earnings in Q3

Shares of streaming device maker Roku were tanking following the company’s third quarter financial report despite beating on both the top and bottom line. The stock had one of its worst trading days on record. For the third quarter, Roku reported a loss per share of 9 cents while analysts were waiting for a loss…

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Marijuana Stock Tilray Saw Big Jumps on Jeff Sessions Resigning

Marijuana stocks were on a tear after Jeff Sessions announced he was resigning at the request of Donald Trump. It was also a day after the U.S. midterm elections were the Democrats won back the house and several states passed marijuana legislation. One stock that was really jumping was Canadian pharmaceutical and cannabis company Tilray,…

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This is How Post Malone Helped Crocs Shares Soar

When one hears about Post Malone, whose real name is Austin Richard Post, they think rapper mostly. Little do some know that he also is a big fan of Crocs shoes and has designed a pair himself that sold out in ten minutes. His signature-edition Crocs—a.k.a. the Posty Crocs, are a Croc clog that have…

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Former Starbucks leader Howard Schultz May Be Running for President in 2020

Howard Schultz, the former CEO of Starbucks who helped make the company what it is today, may be running against Donald Trump for the 2020 presidency. Schultz had stepped down from his position as CEO of the coffee giant last December, prompting speculation that he was eying a run for the presidency. During that time…

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Tesla Has Found a New Chairwoman to Take Elon Musk’s Place

It was in the middle of October that US District Judge Alison Nathan approved a settlement between Tesla CEO Elon Musk and the Securities and Exchange Commission. As part of the terms, Musk may no longer lead the company’s board of directors and was given 45 days to resign as chairman. He also may not…

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Square Beats on Top and Bottom Line but Disappoints on Guidance

Payments company Square reported its third quarter financial results revealing a win on both the top and bottom line but a miss on guidance for the fourth quarter. For the upcoming quarter, Square expects to earn between 12 and 13 cents. Analysts were waiting for 15 cents however. The  San Francisco-based Square, which is run…

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Constellation Brands’ $4 Billion Investment in Canopy Growth Closes

Constellation Brands announcing that it was pouring $4 billion into a Canadian marijuana company called Canopy Growth this past August shocked Wall Street. It was the biggest investment to date in a marijuana company. “Over the past year, we’ve come to better understand the cannabis market, the tremendous growth opportunity it presents, and Canopy’s market-leading…

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Papa John’s Shares Move Higher Despite Lackluster Quarterly Report

Pizza maker Papa John’s announced third quarter results that went as expected, with the company reporting dismal performance. Shares of the company were jumping anyway as a smaller decline in same-store sales as well as the company perhaps being acquired gave traders optimism. Shares of the stock rose almost 6% after the company’s earnings report.…

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Disney Announces Earnings and Names its New Streaming Service

Disney reported its fourth quarter financial report that beat what analysts were expecting. For the quarter the company reported earnings per share of $1.48 versus the $1.34 expected by Wall Street. Revenue also beat easily at $14.31 billion compared to the $13.73 billion expected. Analysts chimed in on what they thought of the company’s earnings…

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MoviePass Rival AMC Sees a Loss in Q3 and Raises the Price of its Ticket App

Movie theater company AMC reported its third quarter results recently and also announced that it will be increasing the price of its MoviePass-style subscription service, Stubs A-List, which allows members to see up to three movies a week, including IMAX and Dolby. AMC announced that it would be raising the price of the service, which…

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