Constellation: Guidance Cut Caps 30% Drop Since Canopy Deal

Commenting on small-caps continuing their record-breaking streak and today’s trading Gorilla Trades strategist Ken Berman said: Q3 2020 hedge fund letters, conferences and more Volatility Index Continues To Drop Holiday trading conditions we.....»»

Crude-oil futures take a sharper leg higher Wednesday morning after a report from the Energy Information Administration showed a drop in U.S. crude inventories......»»

The price was a drop from the previous sale......»»

Planemaker Embraer said Tuesday it delivered just five commercial jets in the first quarter, less than half of what it delivered a year ago, blaming the drop on preparations for a deal with Boeing Co that fell apart last month......»»

Saudi Aramco is looking to restructure its deal to acquire a controlling stake in petrochemicals maker SABIC after a more than 40% drop in SABIC's value following a slump in oil prices in coronavirus pandemic, two sources told Reuters......»»

Siemens on Friday said it expected "even stronger impacts" from the coronavirus pandemic in the weeks ahead as it ditched its 2020 guidance and posted an 18% drop in industrial profit during its second quarter......»»

Shares of Motorola Solutions Inc. fell nearly 16% in the extended session Thursday after the telecommunications equipment maker beat Wall Street expectations for its first quarter but told investors to brace for a sales drop in the second quarter .....»»

  Limited business impact of COVID-19 crisis during .....»»

The S&P 500 and the Dow fell on Wednesday after U.S. President Donald Trump cast doubt on a trade deal with China and data showed U.S. private employers laid off 20 million workers in April, underscoring the economic fallout of the coronavirus outbreak......»»

Ferrari said on Monday it had cut its core profit estimates for the year to reflect the impact of the coronavirus crisis, expected to mainly affect second quarter results......»»

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

Constellation Brands Inc. said late Friday that it had increased its stake in Canopy Growth Corp. by 5.1%. Canopy Growth shares rose 10% and Constel.....»»

Zendesk Inc. shares plunged as much as 7% in after-hours trading Thursday after the software company reported fiscal first-quarter earnings that missed Wall Street estimates, and it withdrew full-year 2020 guidance because of uncertainty .....»»

Stocks, Dollar, & Bonds Drop After Fed Statement We wanted "moar"... A lack of forward guidance (perhaps) has sparked selling almost everything (albeit modest)... Stocks down... Dollar.....»»

Pittsburgh-based PPG Industries Inc. (NYSE: PPG) is the latest local company to report a drop in Q1 sales due to the ongoing Covid-19 global pandemic. PPG reported net sales of $3.4 billion in the first quarter of 2020, down 7% from the first quarter 2.....»»

Nestle SA said Friday that sales fell in the first quarter and backed its full-year guidance as it is still early to assess the full impact of Covid-19......»»

Crude pr.....»»

Goldman Sachs said on Sunday that the deal between major oil producers to cut output by nearly 10 million barrels per day is 'historic yet insufficient,' adding that no deal would be enough to offset the sharp drop in demand already occurring......»»

Oil Plunges As Saudi Deal "Nowhere Near Enough"; Goldman Now Expects WTI To Drop Back To $20 Moments ago, we reported that as part of what is the largest production cut deal in history, b.....»»