Search

The good news is that the marijuana industry is growing rapidly, with the leading companies continuing with their programs of store openings and acquisitions.

We’ve been writing (and recording in our weekly videos) for the past couple of weeks that, while the longer-term underpinnings of the market look fine, the shorter term was more iffy, with many leaders stalling out and the indexes themselves losing some steam.

Three portfolio stocks report third-quarter results.

It’s been a decent week for the market, though nothing amazing—just about all major indexes are up 0.5% or less after hitting or approaching new highs in recent days.

Replicating last decade’s broad market returns seems unlikely, so where does one find winners for the next decade? Activist investors are a place to start.

Last week saw cannabis stocks spike higher on news out of Washington before selling off on more of the same. Here are 3 reasons they still look like a buy.

The story remains the same for the market this week: The major indexes are all down (in the 1% to 2% range), which keeps the intermediate-term trend pointed down (every major index we look at is below its 50-day moving averages). Going along with that, the vast majority of individual stocks (about 80% of the S&P 1500) are in the same boat and hundreds of stocks are hitting new lows most days while only a couple handfuls hit new highs.

Even otherwise well-reasoning investors can fall victim to this common investing mistake. Rethinking how you assign “value” to an investment can help you avoid it.

It’s been an interesting week thus far—we’ve seen interest rates take a nice step backward (10-year note is down 16 basis points this week), which has helped the indexes build on last week’s show of support, albeit in a modest way (up 0.5% to 1.5%, in general).

Ahead of the “big” Federal Reserve announcement on Wednesday, the market surged higher last week. The S&P 500 gained 4%, the Dow rose 5.7%, and the Nasdaq rallied 2%.

Industry experts are calling for incremental progress towards cannabis legalization when lawmakers return from recess in September. Here’s how it could shape up.

Led by the meltdown in the financial sector, the market had an awful week. The numbers weren’t pretty as the S&P 500 fell 4.76%, the Dow lost 4.45%, and the Nasdaq declined 4.16%.

Few sectors are as affected by politics as cannabis, and the upcoming presidential election could have significant implications for cannabis stocks.

A weaker market is one of the easiest times to find strong stocks, which makes it a great time to identify future winners using the “ABCs of relative strength.”

Ninety percent of S&P 500 companies have already reported earnings. So, the earnings reports to watch this week are our last look at some key market trends before next quarter.

Cultural and political trends can make buying cannabis stocks on a pullback a profitable endeavor, but it takes a combination of discipline and the right entry points.