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Trading Ideas

3 “Strong Buy” Stocks Under $5 That Are Ready to Run Higher

Whatever the reason a stock is trading for under $5 a share, these stocks are conversation starters. Some will point out the low valuation of these companies presents opportunity for upside which will be hard to come by when investing in a large-cap. What’s more, you can load up on a much larger number of shares than you could with a stock trading in triple or even double digits.On the other hand, the naysayers argue these tickers are likely to have bad fundamentals and face too many obstacles and, therefore, are more of a speculative shot at lottery like returns …read more […]

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Marijuana’s March Madness

The skies have been gray and gloomy here at my home in Maryland.
Recently, the temperatures have dipped to an icy 20 degrees.
But to fight back – at least psychologically – my wife has filled our kitchen with fresh-cut orange and pink flowers. Seeing them, you can’t help but think of spring.
And spring represents the start of a major shift for cannabis.
It’s the beginning of what I call “weed season.”
I’ve spotted a pronounced trend in Colorado’s monthly marijuana sales over the last several years. And this is often seen in other states as well.
From October through February, monthly cannabis sales decline. …read more […]

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Sorrento Therapeutics rejects near $1 billion offer, shares fall

Sorrento said the proposal of up to $7 per share received earlier this month undervalued it and was not in the best interest of its shareholders. In November, the company had rejected an unsolicited buyout proposal from two pharmaceutical companies, which offered between $3 and $5 for each of Sorrento’s outstanding shares. The drugmaker has not disclosed the names of the private equity fund nor the two pharmaceutical companies and said it would continue to pursue potential tie-ups and transactions. …read more […]