|Day Low/High||32,24 / 33,44|
|52 Wk Low/High||16,09 / 53,73|
We're going to see some random action in front of the weekend.
The cannabis sector is finally turning back up after a sharp correction that started in early February.
Leading advisors offer their favorite ideas for investors looking for exposure to the growing marijuana market.
The main names that I'm focused on are leveraged to growth in the U.S.
It's not the multistate operators, but the single-state ones that are where the cool kids are hanging out.
The best momentum on my screens right now are the U.S. cannabis plays that are referred to as Multi-State Operators.
The data estimates that the U.S. cannabis market will reach $28 billion in sales by 2022.
The action so far looks to be driven more by fear of being left out than euphoric chasing.
There is so much going on right now that it is overwhelming.
Bitcoin names are hot while Cannabis stocks are jumping back. It is a stock picker's market, right now.
Much of the cannabis money is rotating back into bitcoin plays.
The interest in stock picking keeps the mood very positive, and I don't see that shifting too quickly.
The main themes are bitcoin, cannabis, stocks priced under $10, small biotechnology, and small-caps in general.
There are much better places an investor can put their hard-earned cash, whether they want an aggressive or a moderate name.
Study those charts and be ready to act as things develop.
Even the solid gains on the major indexes fail to show just how good individual stock picking can be right now.
My favorite group at the moment is cannabis.
The fundamentals of the cannabis industry continue to improve.
I'm focused on stock picking and continue to hunt for more sector plays.
Aurinia Pharma has some positive catalysts, and I am taking partial gains in cannabis names as they remain strong.
A 'green wave' has advanced cannabis legalization across America. And that's just one of the forces powering up pot stocks right now.
It has been a challenging road for these firms, but now it appears that positive things are about to happen.
The primary problem is that there was just too much wild speculative action on Monday and Tuesday.
This is all about trading fast-moving speculative stocks.
I expect the indices will jump around again soon on news about fiscal stimulus.