Wells Fargo Sees Menthol Ban as Unlikely; Buy on Dip
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Apple, Goldman Sachs send Wall Street tumbling
November 12, 2018 8:11 AM ESTBy April Joyner
NEW YORK (Reuters) - Wall Street's major indexes tumbled on Monday as shares of Apple Inc (NASDAQ: AAPL) and Goldman Sachs Group Inc (NYSE: GS) dragged down the technology and financial sectors.
With Monday's losses, all three indexes erased the gains from their brief rally after the U.S. congressional elections on Nov. 6.
Apple shares fell 5.0 percent after several suppliers to the company, including Lumentum Holdings Inc (NASDAQ: LITE), whose components power the iPhone's Face ID technology, cut their forecasts.... More
Altria Group (MO) option implied volatility flat on reports the FDA will propose ban on menthol cigarettes
November 12, 2018 5:36 AM ESTAltria Group (NYSE: MO) November call option implied volatility is at 28, December is at 24; compared to its 52-week range of 17 to 33. Call put ratio 1.3 calls to 1 put on reports the FDA will propose ban on menthol cigarettes.
... MoreBritish American Tobacco (BTI) call put ratio 1 call to 6.1 puts on reports the FDA will propose ban on menthol cigarettes
November 12, 2018 5:34 AM ESTBritish American Tobacco (NYSE: BTI) November call option implied volatility is at 58, December is at 32; compared to its 52-week range of 18 to 33. Call put ratio 1 call to 6.1 puts on reports the FDA will propose ban on menthol cigarettes.
... MoreBritish American Tobacco (BATS:LN) (BTI) PT Lowered to GBp4,000 at Barclays
November 12, 2018 3:27 AM ESTBarclays analyst Gaurav Jain lowered the price target on British American Tobacco (BATS:LN) (NYSE: BTI) to GBp4,000.00 (from GBp5,000.00) while maintaining a Overweight rating.
... MoreFDA to Propose Ban on Menthol Cigarettes - WSJ
November 9, 2018 3:45 PM EST(Updated)
Tobacco stocks declined Friday after the Wall Street Journal reported the FDA plans to purse a ban on menthol cigarettes.
... More
Juul to Stop Sales of Most Flavored E-Cigarettes in Retail Stores - DJ
November 9, 2018 12:18 PM ESTJuul to Stop Sales of Most Flavored E-Cigarettes in Retail Stores - DJ
... MoreOil slide, China worries send Wall Street tumbling
November 9, 2018 7:36 AM ESTBy Sinéad Carew
NEW YORK (Reuters) - Wall Street's three major stock indexes lost ground on Friday, after a week of recovery from the October sell-off, as oil prices fell further and more evidence of a slowing Chinese economy was reported.
Oil prices fell nearly 1.0 percent on Friday, and have now seen the longest stretch of daily declines since 1984, on rising global supply and evidence of a slowing world economy.
The United States formally imposed punitive sanctions on Iran this week, but granted eight countries temporary waivers allowing them to keep buying oil from the Islamic Republic.... More
FDA to announce a ban on the sale of flavored e-cigarettes in convenience stores and gas stations - Washington Post
November 8, 2018 5:37 PM ESTFDA to announce a ban on the sale of flavored e-cigarettes in convenience stores and gas stations - Washington Post
... More