Today we are watching…
1. EDF (#edf)
This French energy company just made a chilling confession to its stakeholders yesterday. The state-owned company owns many nuclear reactors, and apparently, the welding job performed on those reactors may or may not be dangerously improper… The ensuing chaos from this announcement quickly spread to the stock. Investors are already suffering from some radiation sickness as they take a 9% write-down. It’s also scared the pants off local communities, and now French government officials want a word with the firm as well. A slow, sarcastic round of applause for EDF might be in order, don’t you think?
2. Aurora Cannabis (#acb)
Another weed stock has to answer for its lack of profitability today, as many of its more blazed investors stare up at an aurora which isn’t there. Shareholders in this pot company have taken a big hit to their holdings this month, but an earnings beat today could easily patch things up. Legalization 2.0 is also on the way as periphery weed products get the green light from authorities. Aurora Cannabis is ready to roll out edibles and concentrates from the outset, and that’s raised expectations heading into the rest of the year. Today, the company is aiming to prove Wall Street analysts wrong. They anticipate the weed stock will make a loss of 2 cents per share on $79 million in revenue. v