Shares of cannabis company Tilray Brands (TLRY) are sliding in Tuesday's pre-market trading and into the session open after reporting a fiscal third-quarter revenue miss. The cannabis-pharmaceutical stock, which is still regarded as a meme stock, has seen year-to-date gains of over 12%. Morning Brief Anchors Seana Smith and Jared Blikre monitor Tilray's stock, comparing it to the overall performance of the cannabis industry in 2024. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. Editor's note: This article was written by Luke Carberry Mogan.
Shares of cannabis company Tilray Brands (TLRY) are sliding in Tuesday's pre-market trading and into the session open after reporting a fiscal third-quarter revenue miss. The cannabis-pharmaceutical stock, which is still regarded as a meme stock, has seen year-to-date gains of over 12%.
Morning Brief Anchors Seana Smith and Jared Blikre monitor Tilray's stock, comparing it to the overall performance of the cannabis industry in 2024.
For more expert insight and the latest market action, click here to watch this full episode of Morning Brief.
Editor's note: This article was written by Luke Carberry Mogan.
The Wall Street Journal
Blackstone has agreed to acquire an owner of upscale apartment buildings for about $10 billion, signaling that one of the world’s largest real-estate investors is ramping up investments again after a period of moving more cautiously. Blackstone is taking private Apartment Income REIT known as AIR Communities which owns 76 rental housing communities that are primarily in coastal markets, including Miami, Los Angeles, and Boston, the companies confirmed Monday. Blackstone plans to invest another $400 million to improve the properties, the firm said.
Zacks
The Nasdaq Composite index has delivered a remarkable performance in the past year, with technology stocks leading the charge. A resilient consumer base and the likelihood of Fed rate cuts in 2024 should boost the index, going forward.
Investor's Business Daily
It's been a busy couple of weeks for IPO stocks, with Reddit and Astera Labs launching, and a number of IPO-like new issues, including Trump Media & Technology Group and GE Vernova all beginning to trade since late March. Astera stock and Reddit stock both surged as much as 70% on their first trading days while Trump Media jumped more than 16% on March 26, its first day trading under the DJT ticker. Meanwhile, GEV traded up more than 16% between March 28 and April 2 after its spinoff from General Electric.
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