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Top Pot Stocks for This Uncertain World

Pot stocks have blazed higher from their 52-week lows in March.
The Horizons Marijuana Life Sciences Index ETF (OTC: HMLSF) has sprung 71% higher from its trough on March 16. And major licensed Canadian producers, as well as large U.S. multistate operators (MSOs), have gained 60% or more since then.
But for the most part, despite these face-ripping rallies over the last few months, pot stocks are underperforming the broader indexes by significant margins year to date.
Still, there’s one group of cannabis stocks shining bright.
Its members are flying under the radar, bucking the trend. However, that’s not the only reason they deserve …read more […]

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Canadian Cannabis Producer Aurora Cannabis Plans Job Cuts, Closure of 5 Plants

Aurora Cannabis Inc. (ACB) on Tuesday announced plans to cut jobs and close five of its plants as it grapples with the financial impact of the coronavirus pandemic on the cannabis industry.The Canadian cannabis producer said it is reducing its selling, general and administrative (SG&A) staff by 25% and will cut 30% of its production workforce over the next two quarters. In addition, five of Aurora’s plants will be shut down so that production and manufacturing can focus on the company’s larger scale and highly efficient sites, it said.”With today’s announcement we have achieved our stated SG&A run-rate target and …read more […]

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What’s Driving Wall Street’s Apple Optimism? Almost Everything

(Bloomberg) — Apple Inc. looks like an attractive investment no matter which aspect of the business you examine, according to analysts who are growing steadily more optimistic about the stock’s prospects.At least a dozen Wall Street firms have raised their Apple price targets this month alone, lifting the average to nearly $343, up from $305 at the end of April. UBS, Deutsche Bank, Bernstein, Citi, BofA and Morgan Stanley are all among the firms turning more positive, although the higher average still implies downside of more than 7% from current levels.Shares of Apple rose 3.3% on Tuesday, hitting an intraday …read more […]

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How “Dumb Money” Beat the Wall Street Experts

Wall Street’s top money managers are scratching their heads. How did mom-and-pop investors get the market so right?
Today, Nicholas Vardy looks at why the “dumb money” has been much more successful at investing after the coronavirus crash.

“Markets have rarely been so transparently stupid.”
– Bryce Elder, Financial Times, June 12
The financial media is exasperated. Market pundits are frustrated. Wall Street’s top money managers are scratching their heads.
The behavior of financial markets does not seem to make sense.
Unemployment in the United States stands at record highs.
The threat of a second wave of COVID-19 seems ever more real.
Social unrest is tearing the seams …read more […]

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Hedge Funds Are Falling Out Of Love With Penn National Gaming, Inc (PENN)

The latest 13F reporting period has come and gone, and Insider Monkey is again at the forefront when it comes to making use of this gold mine of data. We at Insider Monkey have plowed through 821 13F filings that hedge funds and well-known value investors are required to file by the SEC. The 13F […] …read more […]

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Aurora Cannabis plans layoffs, closing five facilities

The Canadian pot producer said it has cut its selling, general and administrative (SG&A) workforce by 25% and will lay off 30% of its production staff over the next two quarters. A slow roll out of retail stores, the prevalence of illicit markets and burgeoning supply from producers racing to assert dominance have led to steep price declines and unsold pot stacking up. Aurora said it expects SG&A expenses to be around C$42 million in the first quarter of fiscal 2021, compared with C$75.1 million, excluding severance costs, recorded in the third quarter. …read more […]

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Can You Buy Impossible Foods Stock?

Impossible foods stock is in high demand. However, does this meat-alternative business trade on the stock market? Investors are licking their chops as the interest in plant-based meats rises.
The Impossible burger is available in over 15,000 restaurants around the world. In addition, Starbucks (Nasdaq: SBUX) is rolling out its own Impossible sausage breakfast sandwich across the country. As you can see, these protein-packed substitutes are becoming very popular.

Is Impossible Foods Stock Available?
Impossible foods is a privately-held company with a growing list of famous investors. Its most recent round of financing brought in an interesting group of celebrities. Overall, it’s raised …read more […]