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Rescheduling progress, a second major catalyst on the horizon and buyable sector weakness all point to significant upside ahead for marijuana stocks.

Despite the holiday trading action on Monday and no trading on Tuesday, things have been a bit dicey this week, with the major indexes (especially the broader indexes) down as the market’s old bugaboo—interest rates—spike toward new multi-year highs. Moreover, this week, we saw some leading stocks take hits as well, as some of the laggard areas of the market (like financial stocks) took the selling in stride.

My stock-picking strategy has been refined over the course of 28 years, and has been quite stable for the last six years. My investment goals are (1) minimize stock market risk, (2) achieve capital gains, with dividends as a welcome addition to total return and (3) outperform the U.S. stock markets.

Mortgage rates have ticked down since the summer and are expected to fall further in the years ahead, so now’s a good time to consider when to refinance your mortgage.

Value stocks have outperformed growth so far this year, and after the sharp tariff-fueled sell-off, there’s more value in the market than there has been in several years.

Nvidia (NVDA) has been the leader in the AI clubhouse for years, but new products and a slate of new investments have one of its competitors gunning for the title.

Relative strength is one of our favorite ways to identify strong stocks during periods of weakness, which are often the best names to own when the market perks up.

The market continues to act well, and we’re finally starting to see a bit of improvement among growth stocks, which showed solid accumulation last week and have begun to tighten up. That said, cyclical stocks remain strong, so tonight, we’re adding one to the Model Portfolio, giving us seven stocks (out of a possible 10) and a cash position around 30%.

We’re focused on seeing how the market and leading growth stocks act following the Friday/Monday wave of selling; so far, there’s been some abnormal selling but most stocks are holding key support. The overall market is also still in good shape, and thus, we’re generally standing pat, with around 22% in cash.

Not too long ago, the top earners in the U.S. were doctors and lawyers. Today, they’ve been joined by a wave of investment professionals.

Investors came back from the holidays in a selling mood last week, driving the indexes and leading stocks sharply lower. And while everyone hopes that this is the final push lower before the bulls truly re-take control, the fact is nobody knows what the future holds. What we do know is that the sellers are punishing most stocks, and the narrow list of leaders that were holding up are now going along for the ride. Conclusion: You should be playing defense, mostly sitting on the sideline and waiting for the storm to pass. As for new buying, a small buy or two is still OK, especially in areas that are actually pushing ahead during this down market. This week’s Top Ten, for instance, features many commodity-related names to examine. Our favorite is Barrick Gold (ABX), which spiked to new peaks last week on its biggest volume in years, as institutions anticipate more good times for gold prices as the Fed cuts rates and the U.S. dollar sinks. It’s worth a nibble here.

Stock Name	Price	Buy Range	Loss Limit
ABX (ABX)	0.00	45-49	-
ADM (ADM)	0.00	41-46	-
ATW (ATW)	0.00	90-100	-
BMRN (BMRN)	0.00	33-36	-
CMED (CMED)	0.00	43-48	-
CTCM (CTCM)	0.00	26-30	-
FCN (FCN)	0.00	57-60	-
MON (MON)	0.00	110-115	-
MTL (MTL)	0.00	85-95	-
UTHR (UTHR)	0.00	100-105	-

There’s been a lot of bad news in the past couple of weeks, but nothing has changed with the market--it’s still trending down, and the broad market remains on the outs, and today, we started to see the first signs that even the many resilient stocks are coming under the gun. Big picture, we’re continuing to advise a cautious stance with much more cash than stocks and patience as we wait for the bulls to re-take control.


And we do think they can re-take control, possibly sooner than most think: There’s so much negativity and bearishness out there that any spark could ignite a big rally, if not a sustained uptrend. But as always, we have to see it first to act on it, so we’re continuing to stay close to shore--we’re selling one name tonight and placing the rest on Hold.


We spend most of tonight’s issue discussing the overwhelming negativity out there, which is setting the stage for the next advance, as well as diving into a handful of new names to watch, including one cheap cookie-cutter story that looks ready to go if the market can stabilize.

Good news was able to outrun the problems in 2021. But the problems are catching up. The economy ran so hot because if was picking up the slack from the pandemic and making up for lost time. But that slack will soon run out.

We are likely heading towards a more normal environment on the other side of the pandemic recovery. It is highly unlikely that market returns going forward are as high as they have been. That pace can’t be sustained. We are likely headed for choppier waters and a more sideways market where stock picking should be more crucial.



Inflation and rising interest rates may not be great for the overall market, but certain sectors can thrive in such an environment. In this issue, I highlight one such stock. The stock should shine on the other side of the pandemic recovery that lies ahead in the new year.

One of the hottest stocks of the past couple of months is GoPro. Overall, the stock ran from 50 to 98, then got yanked down to 68.

After a turbulent few months, signs of a impending market breakout abound. When it happens, here’s one growth stock that’s likely to lead the charge.

Beer stocks morphed Into hard seltzer stocks. Now, it’s all about prepared cocktails. And the best beer stocks don’t even sell beer.

You know Apple (AAPL), Amazon (AMZN) and Netflix (NFLX) are good stocks. But the best stocks are often companies you’ve never heard of. Here are 10 of them.