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Top Analyst Upgrades and Downgrades: AEP, BigCommerce, Chewy, Datto, Disney,...
Stocks ended last week on a strong note, as the focus remained on the vaccine news beyond the political uncertainty and skyrocketing COVID-19 cases. Now new that Moderna’s vaccine is about 94%...
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Why Marijuana Stocks Posted Big November Gains — and Could Keep Rising
As marijuana stocks go, OrganiGram Holdings Inc. (NASDAQ: OGI) is a relatively small player. With a market cap of around $303 million, OrganiGram is about one-fifteenth the size of Green Thumb...
View ArticleWhat a Reverse Merger of Aphria and Tilray Means for the Marijuana Market
The marijuana industry got a jolt Wednesday morning following the announcement of a reverse merger of Aphria Inc. (NASDAQ: APHA) and Tilray Inc. (NASDAQ: TLRY) that creates a combined company with an...
View ArticleTilray Expands Cannabis Empire Across the Pond
Tilray Inc. (NASDAQ: TLRY) shares jumped on Tuesday after the company announced that it would be expanding its operations across the pond. Specifically, the firm reached an agreement to distribute its...
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Which Marijuana Stock Now Has Reddit’s Blessing?
The glory days for marijuana stocks began in late 2017 and early 2018. Then in September of 2018, the bottom began to fall out of the market for these stocks, and by March of 2020, shares were down as...
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Earnings Previews: Tilray, SunPower, Barrick and Walmart
The holiday-shortened week’s earnings reports were set to kick-off with oil and gas independent producer Occidental, but the severe winter weather in Texas forced the company to postpone its report...
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Top Analyst Upgrades and Downgrades: CrowdStrike, Honda, McAfee,...
The futures were lower on Thursday as investors Wednesday watched the Dow Jones industrials close at yet another record high while the S&P 500, Nasdaq and the Russell 2000 took a breather....
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Pot Stocks Jump as Marijuana One Signature Away From Being Legal in New York
After years of wrangling, both houses of the New York state legislature on Tuesday passed a bill that legalizes recreational marijuana, and it wasn’t even really close. The state assembly passed the...
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BofA Analysts Say These Are the 2 Weed Stocks to Buy
It would be fair to say that cannabis stocks received three positive indicators over the past six months. First is the election of Joe Biden and Democratic party control of both Houses of Congress....
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Thursday’s Top Analysts Upgrades and Downgrades: Apple, Darden Restaurants,...
The futures were higher on Thursday. Once again, we saw some “buying the dip” action on Wednesday as two of the major indexes bounced back from Tuesday’s big tech train wreck. The Dow Jones industrials...
View ArticleFriday’s Top Analyst Upgrades and Downgrades: Conoco, Darden Restaurants,...
The futures were mixed on Friday following yet another day where the Dow Jones industrials printed a new all-time high and the S&P 500, Nasdaq and Russell 2000 all rallied off mid-day lows to post...
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Analyst Calls Tilray-Aphria Marijuana Merger a ‘Perfect Match’ and Upgrades...
Last December, two Canada-based pot growers, Tilray Inc. (NASDAQ: TLRY) and Aphria, announced a merger that closed Monday, with Tilray the surviving company at a market cap of around $8.2 billion. On...
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Earnings Previews: Palantir, Roblox, 3D Systems, Tilray, Velodyne
More than 550 U.S.-listed companies are reporting quarterly results on the first three days of next week, May 10 through 12. That’s less than half as many as reported earnings this past week, and the...
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Why 4 Jefferies Top Growth Stocks to Buy May Be Perfect Ideas Now
As investors were so righteously reminded on Friday, many of the day-to-day Wall Street prognostications and strategy calls are almost always “best guesses” or data-based “assumptions.” The Wall Street...
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Tuesday’s Top Analyst Upgrades and Downgrades: Activision, Coinbase, Devon...
The futures were hammered on Tuesday as investors saw a familiar trading pattern return on Monday. While the Dow Jones industrials once again soared higher through the 35,000 level and posted yet...
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Thursday’s Top Analyst Upgrades and Downgrades: Allstate, EOG Resources,...
The futures traded lower across the board Thursday, as all the major indexes scored some small gains on Wednesday. The so-called meme stocks were the story of the day, returning to the spotlight with...
View ArticleFriday’s Top Analyst Upgrades and Downgrades: Biogen, CME, Dropbox, DocuSign,...
Friday’s futures inched higher after a fairly positive showing on Thursday. For most of the week, the major averages had traded sideways, but there could be a strong finish to the week. The Bureau of...
View ArticleMidday Meme Stock Report for 6/24: Tesla, Torchlight Energy, GTT...
Thursday’s morning trading among our set of meme stocks was about evenly split between winners and losers, although the winners were winning bigger than the losers were losing. The worst performing...
View ArticleAnalysts’ Comments on Marijuana Stocks After Legalization Announcement
U.S. Senate Majority Leader Chuck Schumer, along with Senators Ron Wyden and Cory Booker, on Wednesday released a draft for comment of a proposed Cannabis Administration and Opportunity Act. The...
View ArticleEarnings Previews: Boeing, McDonald’s, Pfizer, Tilray
The five largest U.S. traded companies report June-quarter earnings this week, beginning Monday evening with Tesla. We previewed expectations for GE, Raytheon, Tesla, 3M and UPS last Friday and will be...
View ArticleMidday Meme Stock Report for 7/27: AMC, Nio, Playboy, Tilray
At first glance, our portfolio of meme stocks does not show a single one trading in the green as of Tuesday’s noon hour. With all the major indexes also trading in the red, it shouldn’t be surprising....
View ArticleMidday Meme Stock Report for 7/28: BlackBerry, GME, Meta Materials, Tilray
As poorly as the meme stocks did on Tuesday, they bounced back to demonstrate some real power in the first half of Wednesday trading. Only three of a portfolio of some 40 stocks we track traded in the...
View ArticleMidday Meme Stock Report for 7/30: Nio, Robinhood, Tilray, Virgin Galactic
The overall market was trading lower at the noon hour Friday, partially due to the previous night’s weakish earnings report from Amazon and its impact on a number of other e-commerce stocks like...
View ArticleHow Tilray Is Breathing Life Into Pot Stocks
After U.S. markets closed Tuesday, pot grower Tilray Inc. (NASDAQ: TLRY) announced that it had acquired a majority of the outstanding senior secured convertible notes of MedMen Enterprise. The...
View ArticleEarnings Previews: Conagra Brands, Levi Strauss, Tilray
There was just one earnings report of note Tuesday morning, and while PepsiCo beat on both the top and bottom lines, earnings guidance for the fiscal year did not quite meet estimates, leaving the...
View ArticleMidday Meme Stock Report for 10/5: Camber Energy, Lordstown Motors,...
U.S. markets rebounded from Monday’s dip with a strong showing as of Tuesday’s noon hour. All three major indexes were up more than 1%, with the Nasdaq Composite positively roaring back with a gain so...
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Meme Stock Movers for 10/6: Camber Energy, Palantir, SmileDirectClub, Tilray
U.S. markets closed higher Tuesday, following a very poor Monday. Wednesday’s futures market, unfortunately, looked more like Monday than Tuesday, with all three major indexes down by around 1%. Yields...
View ArticleMeme Stock Movers for 10/7: AMC, Aterian, Camber Energy, Tilray, Vinco Ventures
U.S. equities recovered from early losses Wednesday to close with a small gain. All three major indexes closed higher, with eight of 11 sectors finishing in the green. Defensive stocks like utilities...
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Meme Stock Movers for 10/20: BlackBerry, Camber Energy, Tilray, Vinco Ventures
U.S. markets closed higher Tuesday on the coattails of strong earnings reports from the likes of Johnson & Johnson, Travelers and Procter & Gamble, all members of the Dow 30 club. P&G...
View ArticleMonday Afternoon Analyst Upgrades and Downgrades: Bristol-Myers, Intel,...
Markets started out Monday on a positive note after a fairly impressive October. The S&P 500 saw its largest monthly gain, of about 7%, in the past year. Also, the Dow Jones industrials, Nasdaq and...
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Midday Meme Stock Report for 11/8: Coinbase, ContextLogic, Tesla, Tilray and...
After an undistinguished premarket session Monday, U.S. markets opened higher. The early gains dwindled, however. Volume was above average and advancing stocks outnumbered decliners. New highs were...
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Midday Meme Stock Report for 11/15: AMC, Progenity, Tesla, Tilray
At noon on Monday, U.S. markets had fallen from their early gains, and two of the three major indexes were showing small losses, while the Nasdaq has dropped about 0.5% thus far on the day. Crude oil...
View ArticleThursday Afternoon’s Analyst Upgrades and Downgrades: Activision Blizzard,...
Markets were somewhat mixed to start out the day on Thursday, as weekly jobless claims came in slightly higher than expected. Despite missing estimates, they still managed to edge out to a pandemic-era...
View ArticleMidday Meme Stock Movers for 11/18: Camber Energy, Clover Health, Lucid,...
Losers outnumbered winners by about 2 to 1 in Thursday morning’s trading. Consumer discretionary stocks (including retailers) traded up by about 1.5%, and tech stocks traded up about 0.9%, the only two...
View ArticleMeme Stock Movers for 11/19: Clover Health, SoFi, Tilray, UWM
While the S&P 500 and the Nasdaq closed at record highs Thursday, the Dow Jones industrials dipped following a disappointing outlook from Cisco Systems when it reported quarterly results Wednesday...
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Earnings Previews: Albertsons, Commercial Metals, Tilray
The first results are in for quarterly earnings reports out in January. Of the companies we previewed earlier this week, Bed Bath & Beyond, Conagra Brands and Schnitzer Steel all missed profit...
View ArticleMeme Stocks and Movers for 1/10: Hut 8, Lucid, Ocugen, Tilray and More
The three major U.S. stock indexes closed flat to lower on Friday, and Monday’s premarket session indicated a lower opening. Investors’ appetite for risk is being challenged by concerns over interest...
View ArticleMidday Meme Stock Report for 1/10: AMC, American Virtual Cloud, GameStop Tilray
All three major U.S. stock indexes traded lower in the noon hour Monday. The Nasdaq was down about 2.3%, the S&P 500 was down 1.7%, and the Dow Jones industrials were off 1.3%. All 11 market...
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Monday’s Top Analyst Upgrades and Downgrades: Costco, DraftKings, Exxon, Foot...
The futures were lower Monday, following the fourth straight down week on Wall Street. Oil futures exploded this weekend, with Brent crude hitting nearly $140, while West Texas Intermediate hit $130...
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Earnings Previews: Array Technologies, Schnitzer Steel, Tilray
Earnings reports slow to a trickle this week, with only a few noteworthy releases due. The following week, however, is a different story. March-quarter earnings reports from the nation’s largest banks,...
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Earnings Previews: Comcast, Merck, Southwest Airlines, Tilray, Valero Energy
The three major U.S. equity indexes closed mixed on Monday. The Dow Jones Industrial Average added 0.28%, the S&P 500 closed up 0.13%, and the Nasdaq Composite fell 0.43%. Eight of 11 sectors, led...
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Earnings Previews: Levi Strauss, Tilray
The three major U.S. equity indexes closed higher for a second straight session on Tuesday. The Dow Jones industrials ended the day up 2.8%, the S&P 500 closed 3.06% higher and the Nasdaq saw a...
View ArticleWeed Stocks Soar on Biden Pardon, Promised Review
Most cannabis-related stocks posted double-digit gains Thursday, with all the gains coming after President Joe Biden announced a blanket pardon for people who had been convicted of simple marijuana...
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As Wall Street Waits on the Fed, Analysts Upgrade or Downgrade Microsoft,...
The major indexes traded lower Wednesday morning. In the afternoon, Federal Reserve Chair Powell is expected to announce the fourth straight 75-basis-point increase in the federal funds rate this year,...
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Thursday’s Top Analyst Upgrades and Downgrades: ADT, Aurora Cannabis, CarMax,...
The futures traded higher Thursday, after yet another slow trading day across Wall Street and as we limp toward the end of 2022. All the major indexes closed the day on the downside, as a surge in...
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Earnings Previews: Commercial Metals, Tilray
At Thursday’s opening bell, stocks traded lower. In the first few minutes of trading, the Nasdaq was down by about 1%, the S&P 500 by about 0.9% and the Dow Jones industrials 0.84% lower. New...
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Earnings Previews: Albertsons, CarMax, Tilray
Shortly after Thursday’s opening bell, the Dow was trading down 0.13%, the S&P 500 down 0.37% and the Nasdaq Composite 0.74% lower. Before U.S. markets opened on Thursday, Levi Strauss beat the...
View ArticleBefore the Bell: Twitter Now a Brand, Not a Company; Plus, Cannabis Capers
Premarket action on Tuesday had the three major U.S. indexes trading slightly higher. The Dow Jones industrials were up 0.1%, the S&P 500 up 0.16% and the Nasdaq 0.15% higher. Six of 11 market...
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Will a Change to US Marijuana Policy Save Any of the Weed Companies?
The U.S. government appears finally to be ready to review its categorization of marijuana as a dangerous drug, reviving hope among investors and marijuana producers for an industry that took off like a...
View ArticleTilray Earnings Preview: Looking for a Boost
No notable earnings were reported late Friday or before markets opened on Monday. Last Friday morning, Carnival Cruises reported better-than-expected earnings per share (EPS) and revenue. EPS guidance...
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