News and Updates
S&P 500 up 18% in 2020 – More Gains in 2021?
2020 was a tough year for the world. COVID-19 came out of nowhere and completely disrupted our lives, the global economy and markets. Despite that enormous challenge stocks fought through the adversity and delivered impressive returns.
My #1 Cannabis Stock for 2021
Today I am going to reveal the five major catalysts that I expect to drive cannabis stocks deep into a new all-time high in 2021. And then I am going to reveal my #1 cannabis stock for 2021 to play the trend.
Airbnb (NASDAQ: ABNB) Goes Public – Buy or Pass?
I like Airbnb as a company and I like the stock. Shares are looking over bought in the short run with this big jump. But in the long run, I expect shares to do well, driven by strong revenue growth and a turn into profitability.
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.