Some analysts indicate their displeasure with a stock by lowering their price target. Others cut their rating on such stocks. And a few analysts don’t hold anything back, expressing their feelings in no uncertain terms. Count Vertical Group analyst Gordon…
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2 Cannabis Stocks That Absolutely Crushed It in the Second Quarter
On one hand, the marijuana industry is primed for once-in-a-generation-type growth. After the industry logged worldwide sales of just over $3 billion in 2014, estimates suggest that annual legal cannabis revenue could hit $50 billion to $200 billion by the…
3 Marijuana Stocks You Should Buy, According to This 124-Year-Old Wall Street Firm
Steadily, the cannabis industry is budding into a big-money business. After generating a little more than $3 billion in worldwide licensed-store sales in 2014, the global pot industry nearly hit $11 billion in sales last year. By 2024, the team…
Forget Aurora Cannabis, a Top Analyst Says Buy These 5 Pot Stocks Instead
Not long ago, Aurora Cannabis (NYSE:ACB) ranked as the darling of Wall Street analysts. But analysts can be quite fickle. Bank of America Merrill Lynch’s Christopher Carey downgraded Aurora from buy to neutral in July. Now another top analyst has…
Why Canopy Growth Stock Is Sinking Today?
Shares of Canopy Growth (NYSE:CGC) were sinking 12.3% as of 11:11 a.m. EDT on Thursday. The Canadian cannabis producer announced its fiscal 2020 first-quarter results after the market closed on Wednesday. And those results were ugly. Canopy reported that its…
Marijuana stocks plunge as Dow sinks, Tilray slides 14% after earnings disappoint
Cannabis stocks were mostly lower Wednesday, weighed down by pressure in the broader markets after the yield curve inverted and a steep selloff in Tilray shares following earnings. The Dow Jones Industrial Average was down significantly, after the U.S. 2-year Treasury…
3 Profit-Driven Marijuana Stocks
By now you’ve probably noticed that most cannabis-related businesses are a lot better at raising money than they are at making it. Cannabis companies have started holding conference calls to discuss the three-month period ended June, and so far only a…
3 Pot Stocks That Can Outsell Aurora Cannabis in 2020
As you’re probably aware, the marijuana industry is a big-money business. Even though more money is currently being spent in the black market at the moment, the idea is that as more countries push to legalize cannabis, consumers will steadily…
Why Cronos Group may have beat Wall Street’s forecasts but is trading lower
Ready or not, we’re entering the heart of earnings season for the cannabis industry. Although “earnings season” never truly ends, the next couple of weeks will feature the quarterly operating results of North America’s biggest pot stocks. On Thursday, Aug.…
3 Pot Stocks With Rising Profit Projections
For years, the marijuana industry has been a go-to investment. Many of the most popular pot stocks have delivered market-trouncing gains since the beginning of 2016. However, the past four months have been nothing short of painful for cannabis stock…
