2019 is worth forgetting for investors exposed to the cannabis industry, and Canopy Growth (NYSE:CGC) stock is just one of the casualties. The stock has plunged by 72% from 2019 highs of $52.03 to $14.22 within seven months. Since then, CGC stock has subsequently bounced back by nearly 33% from oversold levels and currently trades
Month: January 2020
In this video we talk about our successful technical analysis from last week. We called for a pullback in the gold mining stocks and they did pull back despite Iranian tensions. We also review our favorites stock charts for the coming week including $LABU $BA $JOBS $TZA $DAR $NUGT $IWM. ✅Get a 15 Minute Live-Stream
Tonight on Sunday Night Futures live we discuss the stock charts of gold and the gold miners. Our technical analysis will include gold but we’ll expand out and take a look at the gold mining sector as well as silver. In focus this week are Iran and the potential for WWIII in the middle east.
Tension in the Middle East caused the S&P 500 to sink 1% at the open, although buyers bid stocks up off the lows. Let’s look at a few top stock trades going into the first full week of 2020. Top Stock Trades for Tomorrow No. 1: Chipotle (CMG) One of my favorite things to do
Ahmad Al-Rubaye | AFP | Getty Images Oil spikes above $100 may be a thing of the past, but prices are likely to head higher as tensions mount in the Middle East, with Citi global head of commodity research Ed Morse forecasting that Brent prices will top $70 in short order. While the market digests
Here’s a simple truth about bank stocks. As goes the economy, so go bank stocks. That is, when the global economy is firing on all cylinders, bank stocks roar higher. On the flip-side, when the economy slows, bank stocks falter. Source: Sundry Photography / Shutterstock.com This simple truth is the basis for a 2020 bull
Yes, 2019 was a rough year for the energy sector. The group saw its weight dwindle in the S&P 500 en route to finishing the year as the worst-performing group in the benchmark. Still, thanks to a late-year rally, the Energy Select Sector SPDR (NYSEARCA:XLE) was able to finish the year higher. Source: Casimiro PT
I’ve got a question for you. How many shares are you trading currently on per trade basis? How do you decide that? Well, there’s a lot of people out there that wonder exactly this “How many shares should they trade” Should I trade 2 percent of my account size? Or just always trade 100 shares
The new year is still, well, new, but President Trump is showing he means business when it comes to dealing with Iran. Late Thursday, a U.S. airstrike killed General Qassem Soleimani, the head of Iran’s elite Quds and one of the most powerful figures in that country. That move brought criticism from Democrats claiming a
Mark Zuckerberg, founder and chief executive officer of Facebook Inc., smiles during a news conference at the company’s headquarters in Palo Alto, California, U.S., on Wednesday, Oct. 6, 2010. 2019 was a great year for internet stocks and many Wall Street analysts expect the good times to continue in 2020. The S&P 500 finished 2019
Canopy Growth (NYSE:CGC) stock jumped more than 12% on the final day of 2019, its best single-day performance since early December. Source: Shutterstock While it’s easy to get excited about the one-day romp, most of the other major Canadian cannabis companies had good days on Dec. 31, with Aurora Cannabis (NYSE:ACB) and Aphria (NYSE:APHA) gaining
When it comes to dividend investing there are many traditional stock sectors which have been the go-to stocks for bigger dividend distributions. Utilities of course are one of the usual areas, in that many older utilities stocks used to be called “widows and orphans” stocks for their reliability in generating income. And indeed, utilities continue
It hardly seems like things are that bad for Amazon.com (NASDAQ:AMZN) at the moment. Shares rose 23% in 2019 and showed strength at year-end. Profits are likely to be roughly flat, but Wall Street expects that to change: consensus estimates project $27 in earnings per share in 2020, up 30% year-over-year. Revenue growth, meanwhile, continues
It’s the dawning of a new year and you finally have some money to invest. Perhaps you just got a raise. Or, maybe an end-of-year bonus is burning a hole in your pocket. Either way, you need to be smart about investing if you want those extra dollars to count. Shutterstock The problem is, you
The escalating tensions between the U.S. and Iran was really the only thing investors were talking about in the stock market today. The SPDR S&P 500 ETF (NYSEARCA:SPY) took an early hit of 1%, its biggest drop in a month, as investors tried to sort out the ramifications. The Middle East it seems, still drives
Investors are pondering if the escalated U.S.-Iran tensions that are spiking oil prices could serve as the catalyst needed to turn around the most hated sector for the past 10 years. The S&P 500 energy sector was the worst performer of the last decade, up just a measly 5% versus the S&P 500’s 180% climb
This past year wasn’t a great one for Pfizer (NYSE:PFE) stock. While the S&P 500 soared 29%, shares in the pharma giant fell to $39.18 per share, making for a 9.1% loss. The reason? Wall Street isn’t so keen on its proposed restructuring. Pfizer is in the process of divesting its off-patent drug business. This includes
2019 has been an exceptionally strong year for the stock market because yield-hungry investors were chasing stocks with high dividend yields. Looking ahead, I suspect that 2020 will be an even stronger year for the overall stock market. Source: Shutterstock Now, considering that the Federal Reserve is holding off on raising key interest rates next
There are two ways to look at Monday’s third-quarter earnings report that sent the Nio (NYSE:NIO) stock price soaring. The first is to see the report as a potential game-changer for NIO. Its unit sales grew nicely relative to the second quarter, its margins improved, and its fourth-quarter guidance was impressive. Source: Carrie Fereday /
Download Stig & Preston’s 1 page checklist for finding great stock picks: http://buffettsbooks.com/checklist Subscribe to The Investors Podcast on iTunes: https://itunes.apple.com/us/podcast/the-investors-podcast/id928933489 Subscribe to The Investors Podcast on Stitcher: https://www.stitcher.com/podcast/theinvestorspodcast/the-investors-podcast?refid=stpr Subscribe to The Investors Podcast on SoundCloud: https://soundcloud.com/theinvestorspodcast Have a question? Get your voice heard on the show: https://www.theinvestorspodcast.com/your-questions/ ABOUT THE EPISODE: On today’s show, we