In recent weeks, cannabis stocks have struggled. However, the long-term story is still strong and intact. More states are approving its use. Corporate America has quickly woken up to the immense opportunity. The global community is racing to keep up with demand. And it won’t be long before the U.S. full legalizes its use at…
DetailsHere are some of the top stories you may have missed over the last week. Top Energy ETFs as Tensions with Iran Worsen Tensions were boiling over with Iran, mid-2019. In fact, in June 2019, Iran allegedly attacked two oil tankers near the Strait of Hormuz, allegedly attacked four oil tankers off the coast of…
DetailsTensions were boiling over with Iran, mid-2019. In fact, in June 2019, Iran allegedly attacked two oil tankers near the Strait of Hormuz, allegedly attacked four oil tankers off the coast of the United Arab Emirates, and after it allegedly supported drone attacks on oil infrastructure and an airport in Saudi Arabia. Then, Iran threatened…
DetailsYou may want to keep an eye on oil prices. After slipping to $52.50 in recent weeks, we could see higher highs, as tensions begin to boil over with Iran in the Strait of Hormuz. All after two oil tankers were attacked. It’s now the second time in a month that tankers have been struck in…
DetailsFearful investors are running from chip stocks. All after Broadcom (AVGO) missed revenue expectations and lowered guidance for 2019. Revenue for the second quarter came in at $5.52 billion, as compared to expectations for $5.6 billion. The chipmaker also now expects $22.6 billion in revenue for the year, which is well below expectations for $24.31…
DetailsOriginal Article. As low mortgage rates bolster demand and the economy remains supportive, homebuilder stocks are now the preferred proxy for housing market demand for analysts at Wedbush, according to a note published Thursday. To read more on this developing story, click here.
DetailsOriginal Article. Economists expect the Fed to try to back away gracefully from that stance with a new pledge to cut interest rates, if warranted. Over the last few weeks, escalating trade tensions and a sense that the economy is on a slowing trend have led the market to price in over two cuts this…
DetailsMexico and the U.S. averted tariffs in June 2019. All after the two countries struck a deal on immigration. Once Mexico agreed to ramp up its efforts to restrict the flow of illegal immigrants across the southern border with 6,000 National Guard troops, Trump agreed to drop threats of a 5% tariff. In addition, Mexico…
DetailsThe veggie burger boom is upon us. Beyond Meat (BYND) has exploded out of the gate with the best IPO of 2019. In fact, since May 2019, the stock has run from $45 a share to more than $167. However, this may just be the start of a much bigger run. Analysts at Bernstein for…
DetailsHere are some of the top investing stories you may have missed. Two Cannabis Stocks that Could Move to a Major Exchange in 2019 An estimated 64 million Americans have tried some form of CBD in the last 24 months, with nearly one out of seven using the compound every day, according to a Consumer…
DetailsOriginal Post. Gold was headed for its first losing session in nine on Monday, tumbling as encouraging global trade headlines drove investors away from the metal and into perceived riskier assets such as stocks, while the dollar gained. To read more on this developing story, click here.
DetailsOriginal Post. Markets are pretty confident that central banks are about to enter a period of easing up on interest rates. When the US jobs report came in well below expectations on Friday, stocks moved higher. The reason? It could clear the way for the Federal Reserve to start cutting interest rates. Mark Cabana, rates strategist at Bank of…
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