Last year, investors were left waiting for marijuana stocks to make their big comeback. This year, though, it looks like a rally is starting to materialize. That makes now a great time to consider cannabis stocks if you’re comfortable taking on a little volatility. But while the sector as a whole seems to be on
Stocks to sell
Global equities are getting smashed on Monday as the world wakes up to the fact that the coronavirus from China is fast becoming a global pandemic. No longer limited by seemingly massaged statistics on infections and deaths out of China, the virus now has a strong foothold in Europe. Officials have locked down much of
It’s getting tougher to remain bullish on Aurora Cannabis (NYSE:ACB) with every passing day. Aurora stock has tumbled as the company stumbled from one issue to the next throughout February. Source: Shutterstock Aurora stock has lost roughly 80% in value over the past year alone, and although there was a blip in Aurora’s stock price
Since peaking in just short of a year ago, most cannabis stocks seen nothing but red. Aurora Cannabis (NYSE:ACB) stock features in the list of worst performers. Shares currently trade at $1.68, down 83% from a 52-week high of $10.32 in mid-March 2019. While a short-term technical bounce is likely from oversold levels, I remain
L Brands (NYSE:LB), once the premier name in women’s retail, is now just Bath & Body Works. Source: mysirikwan / Shutterstock.com The company has sold 55% of its Victoria’s Secret brand to private equity, valuing it at $1.1 billion. The cash will help pay down debt that stood at over $5.7 billion at the end
When investors buy stocks for the long haul, the holding period is ideally forever. But that is not always possible. Valuations may reach unfavorable levels or fundamentals may worsen. When that happens, investors need to re-evaluate the company’s long-term prospects. One of the quickest negative catalysts that will accelerate a blue chip’s safe-haven status is
Facebook’s (NASDAQ:FB) fourth-quarter results showed that the company has strong, near-term, positive catalysts. However, the company is also facing several important negative trends that will weigh on FB stock for a long time. Source: TY Lim / Shutterstock.com Facebook’s ad impressions, ad revenue, average revenue per user (ARPU) and monetization trends meaningfully improved in Q4.
On Thursday, Victoria’s Secret parent company L Brands Inc. (NYSE:LB) announced that it is working with private equity firm Sycamore Partners to spin off off the once legendary lingerie brand as a private company. Source: mysirikwan / Shutterstock.com At the same time, longtime CEO and Chairman Leslie Wexner, the 82-year-old entrepreneur who ran Victoria’s Secret
Back in September, I wrote about how the biggest problem with Beyond Meat (NASDAQ:BYND) stock is that the market was pricing in too much into the success story. At the time, the stock was trading at around $150. Since then, shares have dropped to around $70, but another surge in January has them back to
Under Armour (NYSE:UA,NYSE:UAA) is in trouble. Under Armour stock plunged 17% last week after its fourth quarter earnings release — but that’s not the only problem. In fact, that’s not even the biggest problem. Source: 2p2play / Shutterstock.com The issues facing Under Armour go well beyond a single report. After all, investors knew before the
For Chesapeake Energy (NYSE:CHK), the coronavirus from China may have been the straw that broke the camel’s back. Source: Shutterstock The company used clever hedging last year to all but guarantee itself short-term survival, assuming natural gas prices stayed above $2 per million British thermal units. But thanks to low Chinese demand, prices aren’t cooperating.
Don’t be fooled by strong bull markets. Not every stock is a winner. That’s true even in especially strong sectors like tech. The Nasdaq Composite handily outperformed the Dow Jones Industrial Average and the S&P 500 last year, but you still have to be vigilant. Even within certain strong sectors in tech, there are companies that
In the wake of Tesla’s (NASDAQ:TSLA) meteoric rise at the start of this year, investors might be tempted to bet on “the Tesla of China” Nio (NYSE:NIO). The Chinese electric car maker has been beaten down over the past year as its debt obligations weighed on investor confidence. NIO stock has inched its way higher
Shares of sports media and entertainment company World Wrestling Entertainment (NYSE:WWE) were the hottest thing on Wall Street in 2018. In 2019, WWE stock turned into the coldest thing on Wall Street, and it doesn’t look like it’s going to thaw in 2020. Source: Bjoern Deutschmann / Shutterstock.com In 2018, shares of World Wrestling Entertainment
Shares of Twitter (NYSE:TWTR) exploded higher in early February, as the social media company’s impressive fourth-quarter user growth boosted Twitter stock. The company’s Q4 results led investors to believe that its product innovations are improving the experience of its users, driving more users to the platform. Advertisers tend to follow users, so Twitter’s accelerated user
Following a brutal 2019, things aren’t going for well for cannabis equities early in 2020 and Aurora Cannabis (NYSE:ACB) epitomizes that gloominess. Aurora stock is lower by more than 28% to start this year, more than quadruple the loss sported by ETFMG Alternative Harvest ETF (NYSEARCA:MJ). Source: Shutterstock That’s one way of saying Aurora is again
Nio (NYSE:NIO), the company that is often referred to as the “Tesla of China,” has seen quite a bit of volatility over the past year. The stock is currently down more than 47% from a year earlier, and it doesn’t look like a turnaround is coming anytime soon. Source: Sundry Photography / Shutterstock.com Nio stock
Back in 1962, tech executives Charles Tandy and Luther Henderson started Pier 1 Imports (NYSE:PIR) in San Mateo, California. The vision was to create a furniture importer that would focus on liquidating excess inventory. And yes, it was an instant success and benefited tremendously from the growth of the Baby Boomer generation. Source: Jonathan Weiss
Year-to-date, Beyond Meat (NASDAQ:BYND) stock is up an eye-popping 54%. Yet that BYND share price is still more than 50% below its all-time high of $239.71 seen on July 26, 2019, leaving many investors wondering if now maybe a good time to buy into the shares. Source: calimedia / Shutterstock.com As the California-headquartered company is scheduled
As the vast majority of marijuana stocks have tumbled over the last 11 months, even most bulls have given up on many of the names, including Hexo (NYSE:HEXO), Tilray (NASDAQ:TLRY), and Aurora Cannabis (NYSE:ACB). But the bulls have still been extremely upbeat on Aphria (NYSE:APHA), but it’s hard to say why people still like Aphria