NFL players move closer to legally using marijuana to treat their pain
What country in the Asia-Pacific region has the best performing stock market in 2019?
Sales of existing U.S. homes fell 0.4% in April
Tech stocks propel the Dow Jones Industrial Average higher by more than 100 points
Goldman Sachs warns that tariffs could lower corporate profits by 6%
Retailers send a letter to President Trump asking for an end to tariffs
Natural gas prices rise due to expected warmer weather
Natural gas traders could face a major decision this week with the prospect of summer demand growth driving the bullish traders and bearish storage builds attracting the interest of the bearish traders.
The semiconductor sector plummets on news of government restrictions concerning Huawei
- Shares of chip suppliers are under pressure following the Trump administration's restrictions on doing business with Huawei.
- Google has suspended business activity with the Chinese giant. Other Huawei suppliers, including Qualcomm, Broadcomm and Intel, reportedly told employees they will not sell to the Chinese firm until further notice.
- U.S. chip suppliers are losing a big customer as Huawei purchases $20 billion of semiconductors each year, according to an Evercore estimate.
The VanEck Vectors Semiconductor ETF (SMH) was trading at $102.23 per share on Monday afternoon, down $3.20 (-3.04%). Year-to-date, SMH has gained 4.52%, versus a 7.08% rise in the benchmark S&P 500 index during the same period. SMH currently has an ETF Daily News SMART Grade of A (Strong Buy), and is ranked #16 of 81 ETFs in the Technology Equities ETFs category.
This article is brought to you courtesy of CNBC.
The Nasdaq slides on the US gov. crackdown on Huawei
The movement of the Yuan is a warning signal about the US-China trade war
BofA-Merrill Lynch is warning investors about getting involved in small cap stocks
What is the best performing stock in the S&P 500 in 2019?
Why does China continue to be the largest gold consumer in the world?
Why is Wall Street skeptical about the cannabis sector?
If you think the broad-based stock market is on fire, then you obviously haven't been paying close enough attention to the legal cannabis industry. This year alone, marijuana stocks have run circles around the S&P 500 in terms of total return, and marijuana's "Big Three" -- Canopy Growth, Aurora Cannabis, and Cronos Group -- have all delivered huge quadruple-digit-percentage gains since the beginning of 2016.