MKM: SAFE Banking Act A Net Positive, But Muted Response From Cannabis Investors
The investor response to the House of Representatives' passage of a bill to ease banking restrictions on cannabis companies was mostly muted because it was expected, and the real test will come in the...
View ArticleMKM: Canadian Cannabis Grower Profits Will Disappoint The Street
Most cannabis stocks are trending at or near their 52-week lows, with the imminent earnings season creating anxiety in the minds of traders. In its fourth-quarter report, Aurora Cannabis Inc (NYSE:...
View ArticleLyft, Uber Regulatory Hurdles Keep This Analyst On The Sidelines For Now
MKM Partners started coverage of the two rideshare giants, Uber Technologies Inc. (NYSE: UBER) and Lyft Inc (NASDAQ: LYFT) with Neutral ratings, citing regulatory uncertainty in the still developing...
View ArticleHexo Analysts React To Resignation Of Cannabis Company's CFO: 'What Don't We...
HEXO Corp. (TSX: HEXO) (NYSE: HEXO) announced Friday that Chief Financial Officer Michael Monahan is resigning due to family reasons. "Since joining HEXO Corp, it has become apparent that this job...
View ArticleMKM Lowers Aurora Price Target On Softening Cannabis Industry Forecast
Aurora Cannabis Inc (NYSE: ACB) stock is down 30.03% on a year-to-date basis, and 35.1% over the last 30 days. The Analyst MKM Partners analyst Bill Kirk maintained a Sell on Aurora and lowered the...
View ArticleAnalysts Remain Bullish On WWE, Cheer Early Ratings For 'Smackdown' On Fox
World Wrestling Entertainment, Inc. (NYSE: WWE) shares are down 26.95% in the past six months as the stock’s TV renewal catalysts have faded and new competition has emerged. However, with the company’s...
View ArticlePeloton Falls As Analyst Post-IPO Quiet Period Ends
Exercise equipment maker Peloton Interactive Inc (NASDAQ: PTON) traded below its IPO price in late September. On Monday, multiple analysts released their first thoughts on the company's stock. The...
View ArticleChart Pro On Beyond Meat: Next Support Level At $85
Beyond Meat Inc (NASDAQ: BYND)'s stock peaked at $239.71 and is now flirting with the $100 level — and one pro is projecting even more downside to the $85 level.What HappenedBeyond Meat stock was once...
View ArticleLeading The Way? Analysts Not Yet Ready To Buy Mattel Despite Earnings Beat,...
The post-Toys-R-Us toy market is thriving. Mattel Inc (NASDAQ: MAT) surged Wednesday after outperforming Street estimates in its third-quarter earnings report.The EarningsWith help from Barbie and Hot...
View ArticleEA's Strong Quarter Overshadowed By 'Battlefield' Pushout
Electronic Arts Inc. (NASDAQ: EA) turned in an unexpectedly strong second quarter with revenue and earnings beating expectations. But analysts' enthusiasm was limited by the company's unexpected...
View ArticleArista Hit Hard On Q4 Sales Warning: Is Facebook To Blame?
Arista Networks Inc (NYSE: ANET) shares were plunging to a two-year low after the maker of data center switches issued a downbeat fourth-quarter outlook Thursday. The AnalystsMKM Partners analyst...
View ArticleBig Changes Ahead For Molson Coors In Fast-Changing Beer Industry
Will this be a silver bullet?Molson Coors Brewing Co (NYSE: TAP) is making major changes in a revitalization plan that will move its headquarters from Denver to Chicago, cut hundreds of jobs and work...
View ArticleInvestors Give WWE's Stock An RKO, But These Analysts Aren't Tapping Out
World Wrestling Entertainment, Inc. (NYSE: WWE) reported third-quarter results with weakness across the board. Shares fell more than 15%, but analysts aren't tapping out of the stock yet.The...
View ArticleArt Peck Is Out As Gap's CEO: Here's What Analysts Are Saying
Gap Inc (NYSE: GPS) investors were dealt multiple blows as the company announced the resignation of CEO Art Peck along with a disappointing third-quarter and full-year guidance update.The AnalystsMKM...
View ArticleSell-Side Remains Cautions On Slack Following Q3 Earnings Beat
Slack Technologies Inc (NYSE: WORK) reported third-quarter revenue and earnings beats on Wednesday. Slack also guided for fourth-quarter revenue of between $172 million and $174 million, slightly above...
View ArticleCanopy Growth Is Prepared For 'Cannabis 2.0' In Canada, Analysts Say
Canopy Growth Inc. (NYSE: CGC) (TSE:WEED) recently announced its new product line amid Canada's "cannabis 2.0" launch this month. Here's what the sell-side thinks.The AnalystsBank of America Merrill...
View ArticleAurora Cannabis Analyst Says 'Profitability Is Not On The Horizon'
Aurora Cannabis Inc. (NYSE: ACB) shares were falling Monday after a weekend announcement that CCO Cam Battley is stepping down.The Aurora AnalystMKM Partners’ Bill Kirk reiterated a Sell rating on...
View ArticleMKM Downgrades Take-Two On Valuation
It's not completely clear what might be coming this year and when from game makers Take-Two Interactive Software, Inc (NASDAQ: TTWO), MKM Partners said in a Friday note.The AnalystMKM's Eric Handler...
View ArticleStarbucks Is A Long-Term Play Facing Near-Term Uncertainty, MKM Says
Starbucks Corporation (NASDAQ: SBUX) could face a tumultuous near-term, weighed down by the COVID-19 outbreak in China, but the coffee retailer is well positioned in the long term, according to an MKM...
View ArticleWhat The Street Thinks About Shake Shack's Q4 Print, Stock Drop
Shake Shack Inc (NYSE: SHAK) reported fourth-quarter results that fell short of expectations. Management acknowledged it suffered from a "significant slowdown" in its growth business, which contributed...
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