Luce Emerson is a former sell-side banker with a broad range of capital markets experience. She continues to follow markets closely, with a particular focus on retail, financials and entertainment.
With all the headlines focusing on the almost billion-dollar loss of LYFT, investors may have glossed over a potentially huge opportunity for LYFT stock.
Roku stock has taken a tumble over the past month, down close to 20%, driven by a series of downgrades by the likes of Guggenheim, Macquarie, and Citigroup.
Altria Group Inc (NYSE:MO) was the latest in a frenzied string of M&A and partnerships in the cannabis sector. Marijuana stocks have been the target of billion-dollar investments, and the $102 billion market cap company and owner of veteran cigarette brands Marlboro, Parliament, and Virginia Slims, last month that it was investing approximately $1.8 billion in Canadian-based Cronos Group Inc (NASDAQ:CRON), which is listed both on the TSX as well as the NASDAQ.