News and Updates
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.
US Stocks Ready for New 52-Week High – Does China Still Matter?
Licensed investment advisor Michael Vodicka shares a quick weekly market wrap and explains why US stocks have remained strong with so much fear on the Street.
S&P 500 Just Below the 52-Week High – Rebound or Head Fake?
The US stock market is showing resilience in the face of adversity. Despite the threat of recession and the US, China trade battle, the S&P 500 jumped 2.2% this week. That push higher has US stocks trading just below the 52-week and all-time high.
Canopy Jumps 14% in 4 Days – New Rally or Head Fake?
The cannabis sector has been stuck in a bear market for the last few months. But now – the sector is flashing some early signs that the sell off could be over and the sector is ready for a rebound and new rally.
Trade War, Recession, Election – Panic or Buy?
Stock market volatility has been picking up in August – on display with Friday when the S&P 500 fell 2.5%. Today I am going to explain why stocks are getting more volatile, what I expect in the next 12 months and how my clients can adjust their portfolios to better manage.