Update: TSX Posts Modest Gains, Adding 26 Points, Paced by Cannabis Stocks, Stronger Crude Oil Prices

Update: TSX Posts Modest Gains, Adding 26 Points, Paced by Cannabis Stocks, Stronger Crude Oil Prices
Canada’s main stock market opened the week with a modest rise, boosted by cannabis stocks and higher crude oil prices . The S&P/TSX Composite Index added 26 points or 0.2%, to close at 15,604 Monday. The TSX opened with a gain on the ongoing enthusiasm from Friday’s rally after the strong U.S. jobs report, but was weighed down by losses... Read More

Why Wix.com Stock Rose 22.9% in February

Why Wix.com Stock Rose 22.9% in February
What happened Wix.com (NASDAQ: WIX) stock climbed 22.9% in February, according to data provided by S&P Global Market Intelligence . Shares surged after the company reported fourth-quarter and full-year earnings results and delivered encouraging guidance. WIX data by YCharts . So what Wix reported fourth-quarter earnings on Feb. 14, with sales climbing roughly 41% year over year to reach $118.6... Read More

Apple Is Scooping Up Texture, a Subscription-Based Magazine Service

Apple Is Scooping Up Texture, a Subscription-Based Magazine Service
Apple (NASDAQ: AAPL) announced this morning that it has agreed to acquire Texture, a digital magazine service that offers unlimited access to a broad catalog of magazines for $10 per month, earning it the nickname of “the Netflix of magazines.” The Mac maker doesn’t often announce its acquisitions, which typically get leaked to the media first only to have Apple confirm... Read More

Why Shares of Universal Display Tanked 18% Last Month

Why Shares of Universal Display Tanked 18% Last Month
What happened Universal Display Corporation (NASDAQ: OLED) saw its shares fall by 18.6% in February, according to data provided by S&P Global Market Intelligence , after the company released disappointing revenue guidance for full-year 2018 that failed to match up with Wall Street’s estimates. So what Universal Display had a strong fourth quarter of 2017 (reported Feb. 22), with total... Read More

3 "Internet of Things" Stocks to Buy Right Now

3 "Internet of Things" Stocks to Buy Right Now
Semiconductor stocks were hit hard by the recent market sell-off, but the underlying business of this industry is growing-and should continue that trend in 2018 and beyond. Throughout the chip-making space, companies have successfully adapted to the changing needs of the consumer, including an increased demand for small, high-powered chips that enable “Internet of Things” (IoT) devices. For those that... Read More

Genomic Health Hits its Inflection Point

Genomic Health Hits its Inflection Point
Genomic Health (NASDAQ: GHDX) managed to post its 10th consecutive quarter of improving earnings , but more importantly, the cancer-test maker appears to be at an inflection point where revenue growth will accelerate, helping the bottom line increase substantially. Genomic Health results: The raw numbers Metric Q4 2017 Q4 2016 Year-Over-Year Change Revenue $87.5 million $82.7 million 5.7% Income from... Read More