News and Updates
U.S. House Legalizes Cannabis – Senate Next?
Cannabis stocks jumped again this week after the House passed the MORE Act, essential federally legalizing cannabis. The bill still needs to clear the republican controlled senate – but it’s 2020 and crazier things have happened.
Happy Thanksgiving!
Stock investors have a lot to be thankful for. Despite the unprecedented challenge of COVID-19, the global stock market is having an incredible year.
Cannabis Stocks Hit New 52-Week High After 5 States Legalize
The 2020 U.S. presidential election is a green wave – the U.S. cannabis industry is emerging as a big winner. Five more U.S. states voted to legalize medical or recreational cannabis.
NASDAQ Jumps 7% in 2 Days on Divided Congress
The U.S. presidential election remains undecided. But the global stock market does not seem to care. In fact, stocks seem overjoyed – the S&P 500 (SPY) and NASDAQ 100 (QQQ) delivered a huge 2-day rally that ranks as one of the best in post election history.
US Stocks Entering Best 6 Months of Year
The stock market is moving into the time period that is historically the best six months of the annual cycle. Stocks have a history of delivering great returns from November through April.
S&P 500 Rebounds from September’s 10% Pullback
The S&P 500 saw a small 10% pullback in September, historically the worst month of the year for stocks. However the leading index was quick to rebound and is now trading just below the all-time high. Looking forward stocks are moving into the strongest six months of the year and I expect more gains this year.
Cannabis Stocks Surging – Canopy Jumps 27% in 5 Days
Cannabis stocks just had one of their best weeks of the year. Many of our favorite stocks delivered huge gains in the last five days.
IPO ALERT: Corsair Gaming (NASDAQ: CRSR) is a Direct Play on Gaming Industry
The global gaming industry is expected to see huge growth in the next five years. Corsair Gaming, a leading maker of gaming hardware and accessories, is a direct play on the trend and just started trading on the NASDAQ.
IPO ALERT: Palantir (NASDAQ: PLTR) is a $20 Billion Play on Big Data
Palantir is one of the largest privately owned companies in the world and shares just started trading on the NASDAQ with means investors can own this stock.
4 Reason the Sell Off is Over
September is historically the worst month of the year for US stocks. It is the only month of the year with a negative return from 1925 to 2019. Looking forward I remain optimistic on the stock market. I am expecting more volatility in the next few weeks but I think the worst of the sell off is over.