Friday is finally here.
Real Money Stock of the Day PepsiCo (PEP - Get Report) posted fourth-quarter earnings that were largely in-line with analysts' forecasts, but said 2019 earnings would fall as the company boosts investments in some of its key consumer products.
Amazon Pulls the Plug on NYC HQ2
Amazon (AMZN - Get Report) is abandoning plans to build one of its second headquarters in Long Island City, Queens due to stiff political opposition from local leaders. It added that it did not plan to resume its search for another location for a new headquarters.Related: New York's Epic Amazon Failure; Buffett's 13-F; Traders Play It Safe Into Close
"After much thought and deliberation, we've decided not to move forward with our plans to build a headquarters for Amazon in Long Island City, Queens. For Amazon, the commitment to build a new headquarters requires positive, collaborative relationships with state and local elected officials who will be supportive over the long-term," Amazon said in a statement.
The company noted that some polls show that as many as 70% of New Yorkers would welcome the company to the city.
Canopy Growth's HighInvestors Should Be Cautious as CBD Products Go Mainstream
While the company failed to meet analysts' bottom-line expectations due to an accounting quirk that chopped C$185.8 million off of the company's profit, investors seem to be forgiving of the miss, pushing the stock higher Friday.