News and Updates
Canopy Jumps 16% on Strong Q3 Results
Canopy Growth Corp (WEED, CGC), the largest cannabis company in the world, jumped 16% today after reporting third-quarter earnings that beat expectations and showed sharp improvements from last year. The strong report should set the tone for the next few months.
Cannabis Stocks off to Hot Start in 2020
After struggling in the second half of 2020, cannabis stocks are off to a hot start in 2020. For example Canopy Growth Corp (WEED, CGC) is up 25% in 2020 and up 65% from the 52-week low in late November.
The S&P 500 up 29% in 2019 – More Gains in 2020?
2019 was an excellent year for global and US stocks. However, despite my expectation for some short-term volatility – I am expecting another solid year for US and global stocks. At the highest level, when stocks have a monster year like 2019 it usually leads to another good year. Here are some more details from CNBC.
Canopy Jumps 50% in 4 Weeks – New Rally Here?
It’s been a tough year for cannabis stocks. However I am seeing some important signals that tell me the worst is over and that cannabis stocks are ready to resume the long-term trend higher in 2020.
S&P 500 Up 26% in 2019 – Santa Claus Rally Next?
More good news for stock investors. Global and US stocks just hit a new 52-week high, adding to a great year. Looking forward I am expecting more gains in the last two weeks of 2019. December is a historically strong month for US stocks and we’ve got a Santa Claus rally in play.
Is Joe Biden Good for US Weed Stocks?
Joe Biden spooked the cannabis market last week. He called cannabis a gateway drug and said he needs to see more research before legalizing. Biden has walked those comments back – however – his comments left a lot of investors asking –
Is Joe Biden good for bad for weed stocks?
Is Liz Warren Good for US Weed Stocks?
Elizabeth Warren would be great for the US weed industry, she is one of the most pro cannabis politicians in the US. The senator from Massachusetts currently boasts an ‘A’ record from the National Organization for the Reform of Marijuana Laws (NORML).
How Do US Stocks Perform During A Recession?
Investors are nervous that a recession could crush their stocks. Today I’m going to reveal a study spanning 70 years from seeitmarket.com that shows recessions aren’t a death sentence for stocks. In fact, recessions actually create an opportunity.
US Stocks Saying Trump Wins in 2020 – Here’s Why
If you hate Donald Trump – I’ve got some bad news. US stocks are signaling that Trump will win re election. Today Im going to explain what I’m seeing and what we should expect moving forward.
Cannabis Sector Down 56% from 52-Week High: Here’s the Plan
We saw a flurry of earnings reports from leading cannabis companies this week and unfortunately the results fell short of expectations. That drove shares and the entire sector lower – hitting a new 52-week low. Today I will share what happened and what to expect.