U.S. Investing

Green Shoots at Last?

It looks like the lingering buzz around GrowGeneration Corp. (NASDAQ:GRWG) is brightening the mood in the broader cannabis group. If this is the start of a larger bull trend, we’re in for some fun.

Right now, of course, the change is very subtle. Last week saw a net $530 million flow out of cannabis stocks despite GRWG and its enormous post-earnings surge.

This week, we’ve seen $11 million flow back into the group. It isn’t much at all, but at least we’re finally moving in the right direction.

And this wave of gains is much more balanced than what we saw right after GRWG sucked all the air out of the industry.

My favorite of the big cannabis distributors, Aphria Inc. (NASDAQ:APHA), leads the way with a 5.8% gain this week. It is narrowly ahead of Canopy Growth Corp. (NYSE:CGC) and Aurora Cannabis Inc. (NYSE:ACB).

I’d rather see three giants move fast on the road to recovery than a single once-obscure stock double in value. This is how big tides turn on Wall Street. You know I’ll be watching.

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Hilary Kramer

Hilary Kramer is an investment analyst and portfolio manager with 30 years of experience on Wall Street. The Financial Times describes Ms. Kramer as “A one-woman financial investment powerhouse” and The Economist distinguishes her as “one of the best-known investors in America”. Ms. Kramer is often quoted in publications such as the Wall Street Journal, New York Post, Bloomberg, and Reuters. She is a frequent guest commentator on CNBC, CBS, Fox News and Bloomberg, providing investment insight and economic analysis. Ms. Kramer was an analyst and investment banker at Morgan Stanley and Lehman Brothers. Ms. Kramer founded and ran a long-short hedge fund and has been chief investment officer overseeing debt and equity portfolios. Since 2010, Ms. Kramer’s financial publications have provided stock analysis and investment advice to her subscribers. Her products include GameChangers, Value Authority, High Octane Trader, Triple-Digit Trader, 2-Day Trader, IPO Edge and Inner Circle. Ms. Kramer, a Certified Fraud Examiner, has also testified as an expert in investment suitability, risk management, compliance, executive compensation, and corporate governance. Ms. Kramer received her MBA from the Wharton School at the University of Pennsylvania and her BA with honors from Wellesley College. Ms. Kramer has provided testimony regarding investment policy to the U.S. Senate and is a frequent speaker on the markets, portfolio management and securities fraud and compliance. Ms. Kramer is also the author of “Ahead of the Curve” (Simon & Schuster 2007) and “The Little Book of Big Profits from Small Stocks” (Wiley 2012).