Canopy Growth Corp. (CGC) is in the news today. They reported their fiscal Q4 results and also recorded impairment and restructuring charges of $743 million, the majority of which are non-cash charges. I will leave the fundamental analysis and numbers crunching to others but use this time to check on the charts and indicators.
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While Intel stumbled, other major chip developers and manufacturers have been generally upbeat amid strong end-market demand. And M&A activity is on the upswing again.
This isn't a name I'd play aggressively into earnings, but a small gamble here could pay off in a big way.