Manufacturer Price Index, Aurora Cannabis Earnings – What to Know in the Markets Wednesday

Reader of the August producer price index will be in focus Wednesday. PPI data is often seen as a measure of US producer prices. Core producer prices are projected to rise 0.2% from July and 2.2% from last year, according to economists surveyed by Bloomberg.

"The PPI index shows few signs that domestic producers are taking advantage of additional price power due to tariffs," Wells Fargo wrote in a note Friday. "PPI inflation has eased over the past year and headline has slipped to 1, 7%. Underscoring the softness, our preferred target of PPI inflation, which excludes food, energy and trade services (measured as margins), fell for the first time last month in almost four years. "

<p class =" canvas atom canvas text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm "type =" text "content =" Meanwhile, the pot company Aurora Cannabis ( ACB ) the only big name scheduled to report quarterly results after the market closed on Wednesday. Aurora is expected to report adjusted earnings of $ 0.10 per share of $ 107.92 million in revenue, according to analysts polled by Bloomberg. "data-reactid =" 17 "> Meanwhile, pot company Aurora Cannabis (ACB) is the only major name scheduled to report quarterly earnings after the market closed Wednesday. Aurora is expected to report an adjusted $ 5 earnings per share of $ 107.92 million According to analysts polled by Bloomberg,

Analysts expect Aurora's financial revenues to fall four times from the same period last year. Kilograms produced in the fourth quarter are also expected to have ballooned to 25,000, up from 2,212 last year. In addition, kilos sold are estimated to have jumped to over 15,000, up from 1,617 in 2018.

<p class = "canvas atomic canvas text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "So far this year, Aurora is the best performing pot stock. Shares have risen 26%, while rival Cronos ( CRON ) jumped 13%, Canopy Growth ( CGC ) is up 2% and Tilray ( TLRY ) has tumbled 55 % in the same time period. "data-reactid =" 19 "> So far this year, Aurora is the best performing pot stock, shares have risen 26%, while rival Cronos (CRON) jumped 13%, Canopy Growth (CGC) up 2% and Tilray (TLRY) tumbled 55% over the same time period.

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< p class = "canvas atom canvas text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = " Heidi Chung is a reporter at Yahoo Finance. Follow her on Twitter: @heidi_chung . "data-reactid =" 34 "> Heidi Chung is a reporter at Yahoo Finance. Follow her on Twitter: @heidi_chung .

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