Nasdaq Markets

(RTTNews) - Indian shares may open a tad higher on Thursday, mirroring overnight gains on Wall Street and a positive trend in Asia this morning.

(RTTNews) - The Thai stock market has finished lower in two of three sessions since the end of the three-day winning streak in which it had collected almost 45 points or 3.2 percent. The Stock Exchange of Thailand now rests just above the 1,360-point plateau although it figures

Image source: The Motley Fool.

Image source: The Motley Fool.

(RTTNews) - Rio Tinto (RTPPF.PK, RIO.L, RIO, RTNTF.PK) said that it plans to wind-down and close operations of New Zealand Aluminium Smelters or NZAS, as the business is no longer viable given high energy costs and a challenging outlook for the aluminum industry.

(RTTNews) - The Indonesia stock market moved higher again on Wednesday, one day after it had snapped the five-day winning streak in which it had collected more than 85 points or 1.7 percent. The Jakarta Composite Index now rests just above the 5,075-point plateau and it's in lin

(RTTNews) - SAP SE (SAP) said that business activity gradually improved over the course of the second quarter following the global emergence of the COVID-19 crisis primarily in the last month of the first quarter. The company also confirmed its 2020 outlook.

(RTTNews) - The Japanese stock market is modestly higher on Thursday following the positive cues overnight from Wall Street as gains by technology stocks and optimism about an economic recovery helped ease worries about the spike in coronavirus cases. Upbeat Japanese core machin

What happened Shares of Facebook (NASDAQ: FB) gained 10.6% in the first six months of 2020, according to data provided by S&P Global Market Intelligence.

(RTTNews) - The Hong Kong stock market bounced higher again on Wednesday, one session after it had halted the two-day winning streak in which it had skyrocketed more than 1,200 points or 4.8 percent. The Hang Seng Index now rests just beneath the 26,130-point plateau and it's ex

(RTTNews) - Commerzbank AG (CRZBY.PK) said that its supervisory board accepted the resignation of its chief executive officer at a meeting on Wednesday.

Image source: The Motley Fool.

(RTTNews) - The Taiwan stock market rebounded on Wednesday, one session after it had snapped the five-day winning streak in which it had surged more than 570 points or 5 percent. The Taiwan Stock Exchange now sits just above the 12,170-point plateau and it's looking at another g

Over the past few months, Aurora Cannabis (ACB) has taken several steps to enact a U-turn for its ailing business. Along with a reverse stock split to ensure it remains listed on the New York Stock Exchange, it has closed some of its smaller facilities, as well as put the brakes on the construction of two new sites.

Another move has been to acquire Reliva, which has given it access to the U.S. CBD space. That acquisition brought with it Reliva’s CEO, Miguel Martin, who Aurora has just appointed as its new Chief Commercial Officer.

Weighing in on the appointment, Jeffries analyst Owen Bennett is not sure the right choice was made.

“While we don't doubt Mr. Martin is very capable, and has past experience that is very relevant for this position, there could be some disappointment that the position did not go to someone more high profile,” the analyst said.

The past year has been a rough ride for the company that was once one of the most promising Canadian cannabis stocks. Along with a share price that has been slashed by 86%, there has been a mass exodus of top brass, including a co-founder and CEO, another co-founder and President, and a COO. However, the changing of the guard is in line with other cannabis companies’ attempts to gain credibility and trust among investors, after most companies in the fledgling industry have been unable, so far, to fulfill earlier promises.

As a result, Bennett argues, the type of management that takes hold of the reins “is critical for sentiment and the outlook of these businesses.”

Although Bennett likes Martin’s background in regulated industries such as cigarettes and vapes, the analyst believes most of Martin’s experience “appears to be heavily focused on gas stations and convenience stores.”

What Bennett thinks investors might have been hoping for is a different type of CCO. “Experience across a variety of different industries, and across multiple product categories and distribution channel, as well as experience at c-suite level of a major CPG company, may have been preferred,” the analyst said.

Bennett hopes the appointment of the new CEO, to which attention now shifts, will be more on point.

No change, then, to Bennett’s rating, which remains an Underperform (i.e. Sell). The price target stays as is, too, and at C$14 ($10.33) represents possible downside of 16%. (To watch Bennett’s track record, click here)

Among Bennett’s colleagues, Aurora has a Hold consensus rating, based on 3 Buys, 11 Holds and 1 Sell. At C$17.16 ($12.61), the average price target suggests shares have modest upside of 4% from current levels. (See Aurora stock analysis on TipRanks)

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Eldorado Resorts (NASDAQ: ERI) is now much closer to merging with its peer Caesars Entertainment (NASDAQ: CZR) following the approval of two related Nevada regulators.

(RTTNews) - The Singapore stock market rebounded on Wednesday, one session after it had ended the five-day winning streak in which it had summoned more than 110 points or 4.4 percent. The Straits Times Index now rests just beneath the 2,670-point plateau and it's called higher a

(RTTNews) - The Malaysia stock market bounced higher again on Wednesday, one day after it had halted the six-day winning streak in which it had advanced more than 85 points or 5.6 percent. The Kuala Lumpur Composite Index now rests just beneath the 1,585-point plateau and it may

Broadcom (NASDAQ: AVGO) is about to pocket hundreds of millions of dollars by divesting a set of internet of things (IoT) assets. The buyer, human interface hardware and software maker Synaptics (NASDAQ: SYNA), has signed an agreement to buy "certain assets and manufacturing rig

(RTTNews) - The South Korea stock market has finished lower in back-to-back trading days, surrendering almost 30 points or 1.3 percent along the way. The KOSPI now rests just beneath the 2,160-point plateau although it may stop the bleeding on Thursday.

Shares of Therapeutics Acquisition Corp. (NASDAQ: TXAC) flew out of the gates today, rising 22% on its first day on the market.