There are gains on real news like Morgan Stanley's, and the other rotten-tomato variety. I don't want recommendations based on intellectual vacations.
What feeds this force and how -- and when is it good vs. suspect?
100% of all revenue producing models eventually fail unless there is some evolution. Adapt or else.
CEO Ullal is going through expectations of reduced business from a large client going forward right now.
This group appears oversold and downgrades of the big cannabis names may trigger a "buy the bad news" reaction.
It is not going to run the company to please Wall Street. It is going to run the company to please consumers and if the consumer is happy, Costco is happy.
If you own McDonald's I think you can ride this weakness out as ultimately if there is something wrong I am confident that CEO Steve Easterbrook will figure it out and fix it.
What is the green swan that will bring buyers back to cannabis companies?
I could list dozens of opportunities to buy high-quality stocks that are expensive. In each case it's easy to say what the Bernstein analyst said about Costco.
I now have an ally in Morgan Stanley.