markets

J. Edward Moreno2/27/25

Cronos Group rises after cheery earnings report

Canadian cannabis operator Cronos Group rose in early trading after it reported growing sales and improved profitability.

The company reported earnings per share of $0.11, compared to the loss per share of $0.18 it reported in the same period last year. Cronos Group also booked revenue of $117.6 million for 2024 as a whole, up 35% from 2023. The company attributed the growth to higher sales in Canada and Israel.

Cronos stock ticked up more than 3% in early trading. The company is down more than 16% in the past year, which is still better than some of its competitors like Tilray and Canopy Growth, as Canadian cannabis companies have struggled to find growth domestically or new markets to enter.

Cronos Group Reports 2024 Fourth Quarter and Full-Year Results | The Cronos Group

Cronos Group Reports 2024 Fourth Quarter and Full-Year Results | The Cronos Group

Cronos stock ticked up more than 3% in early trading. The company is down more than 16% in the past year, which is still better than some of its competitors like Tilray and Canopy Growth, as Canadian cannabis companies have struggled to find growth domestically or new markets to enter.

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J. Edward Moreno7/7/26

SpaceX gets a wave of bullish ratings from Wall Street analysts

SpaceX received more than a dozen positive analyst calls on Tuesday — including from major Wall Street banks — as they initiate coverage on Elon Musk’s space and AI company.

SpaceX went public on June 12 at a $2.2 trillion valuation, the largest debut in history. While the company hasn’t yet posted a profit, it seems to have convinced Wall Street that it will get there and grow its valuation on the way.

Of the at least 17 analysts that gave a rating on Tuesday, all but one gave it a “buy” or “outperform” rating. MoffettNathanson was "neutral."

The ratings come as SpaceX joined the Nasdaq 100 index, a benchmark tech-heavy basket of companies that underpins millions of portfolios. The inclusion adds built-in demand for the stock from index funds and ETFs.

Still, SpaceX fell more than 5% on Tuesday amid a broader sell-off, and is currently effectively flat from its opening price of $150 a share.

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