News and Updates
Alibaba (BABA) Ready for New All-Time High?
Alibaba just set a new world record – $38 billion in sales in 24 hours. Today I am going to share my outlook for Alibaba.
4 Charts that Tell me Canopy Will Rally At Least 50% in 3 Months
Canopy is down 60% from the 52-week high and shareholders are feeling the pain. However, I see four bullish signals on the chart that tells me shares are overdue for a big rebound.
Netflix (NFLX) Down 30% from 52-Week High: Buy, Sell or Hold?
Netflix is down 30% from the 52-week high. Shareholders are nervous. Today I share my outlook for the streaming industry and Netflix.
S&P 500 Nears Record High – Here’s the Plan
US stocks are off to a great start to October and the fourth quarter. The S&P 500 is up almost 6% from the low on October 3, logging three winning weeks in a row. The leading index is now up 20% in 2019 and ready to breakout into a new all-time high.
Israeli Weed Stock Begins Trading in Canada and US
I see a hot new cannabis stock IPO that weed stock investors need to know about. Israel is considered the cannabis research capital of the world. Israeli scientists began studying cannabis back in the 1960’s. In 1973 Israel become one of the first countries in the world to legalize medical cannabis. Israel reformed its medical cannabis industry in 2016 and today – the industry is seeing record demand.
2020 Presidential Election A Profit Trigger for Weed Stocks
The 2020 US presidential election is a profit trigger for US cannabis stocks. The democrat candidates are showing big support for legalization. I expect that to generate al lot of interest in US cannabis stocks, and that could easily trigger a big rally in the sector.
My #1 Weed Stock for 2020
Cannabis is set to go legal in Illinois on January 1, 2020. Analysts are predicting Illinois will grow into one of the largest cannabis markets in the US, with annual sales between $1.5 billion and $2 billion. Today I am going to reveal a promising young cannabis company that is ready to cash in on Illinois going legal.
Weed Stocks Down 21% in 2019: Rebound in the 4th Quarter?
Weed stocks had a tough third quarter, falling into one of the longest and deepest bear markets ever. However, despite the weakness, I am expecting a rebound in the fourth quarter with a string of good news set to hit the industry.
S&P 500 Up 15% in 2019 – More Gains in Q4?
Global stocks held up well in the face of adversity in the third quarter. Despite the threat of a recession and uncertainty over the US, China trade dispute, the S&P 500 (SPY) fell just 1% in the third quarter. The tech heavy NASDAQ (QQQ) also fell -1%. The global stock market Vanguard (VT) fell -2%. Emerging Markets (EEM) lagged, falling -6%.
Canopy Down 50% from 52-Week High – Buy, Sell or Hold?
Cannabis stocks are stuck in a bear market, down about 50% from the 52-week high. Here’s the good news – bear markets have historically triggered huge rallies and I see four short-term catalysts.