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Bargain hunters fire up rally in cannabis stocks

Some cannabis stocks are seeing their prices surge as investors hunt for winners in the ashes of an industry shakeout that hammered share prices last year. Shares of Tilray Inc and Canopy Growth Corp have climbed more than 20% since the start of the year, while Cronos Group Inc and Aphria Inc are up more than 10%. The ETFMG Alternative Harvest exchange-traded fund, which targets the global cannabis industry, is up 5.8% in that period. …read more […]

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Social Media Stocks to Watch in 2020

Social media has become as ubiquitous in the American home as the radio once was and television still generally is (albeit often watched through a computer device). The industry has changed everything from how we get our news to what entertains us to who wins the Presidency. And as long as this continues, social media stocks will be a force on the markets and present an opportunity for great profits.
Global advertising revenue on social media has grown from $15.63 billion to $32.18 billion in 2019. That’s a compound annual growth rate (CAGR) of $19.79%. Social media advertising revenues for 2020 …read more […]

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Oil Set for Weekly Slump as Asia Virus Adds to Demand Concerns

(Bloomberg) — Oil headed for a 5% loss this week amid fears that China’s coronavirus will erode fuel demand just as markets struggle with a fragile world economy and adequate supplies.Futures held above $55 a barrel in New York, buoyed by an unexpected drop in U.S. crude inventories and a political crisis in Libya that has halted the OPEC member’s oil exports. Yet the signs of tighter supply paled against the International Energy Agency’s assessment that “the world is awash with oil,” a surplus that could grow if the virus outbreak hits consumption of jet fuel in China, the world’s …read more […]