Altrice Investment Co. Limited – PPI for August – ACB to Report

CENTRAL, Hong Kong - Sept. 10, 2019 - PRLog -- "The PPI index shows few signs of domestic producers taking advantage of any additional pricing power due to tariffs," Altrice wrote in a note Friday. "PPI inflation has eased over the past year, with the headline index slowing to a 1.7% rate. Underscoring that softness, our preferred measure of core PPI inflation, which excludes food, energy and trade services (measured as margins), fell for the first time last month in nearly four years."

Meanwhile pot company Aurora Cannabis is the only major name scheduled to report quarterly results after the market close Wednesday. Aurora is expected to report an adjusted earnings loss of 5 cents per share on $107.92 million in revenue, according to analysts.

Altrice analysts expect Aurora's fiscal fourth quarter revenue to have surged fourfold 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, kilograms sold is anticipated to have jumped to over 15,000, up from 1,617 in 2018.

So far this year, Aurora is the best-performing pot stock. Shares have risen 26%, while rival Cronos jumped 13%, Canopy Growth is up 2% and Tilray tumbled 55% in the same time period.

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