The Long Trend Turns Up

Hilary Kramer

Hilary Kramer is an investment analyst and portfolio manager with 30 years of experience on Wall Street.

This has been a seminal week for the cannabis stocks. What’s remarkable is how few Wall Street commentators are able to connect the right dots.

The group of 12 companies I track in this space surged another 22% this week. Several, including the transformed Tilray Corp. (NASDAQ:TLRY), gained up to twice that much ground.

Some have tried to attribute the rally to Martha Stewart’s new cannabidiol (CBD) dog chews. But anyone who really knows this space recognizes that while the news was a boost for hemp suppliers, the impact on mainstream cannabis markets is extremely limited.

Dogs get sick when they eat cannabis. They aren’t going to be wolfing down Martha’s infused treats any time soon.

And while Martha is working with Canopy Growth Corp. (NYSE:CGC) to supply the raw plant materials, CGC was actually one of the laggards this week. This is not a big story right now.

Neither is the merger of GW Pharmaceuticals (NASDAQ:GWPH) and Jazz Pharmaceuticals (NASDAQ:JAZZ) in order to consolidate cannabis drug development programs.

I love GWPH and will miss it as an independent stock, but this deal is more about age-old biotech business models than the cannabis revolution.

No, I think what’s happening to the cannabis stocks is simple hope. Most have recovered nicely from their shocking collapse in 2019. They’re ready for the future.

History will judge the results. We’re looking to cash at least two triple-digit-percentage cannabis wins in my IPO Edge portfolio soon. And there’s more to come.

Like This Article?
Now Get Mark's FREE Special Report:
3 Dividend Plays with Sky-High Returns

This newly-released report by a top-20 living economist details three investments that are your best bets for income and appreciation for the rest of the year and beyond.

Get Access to the Report, 100% FREE


img
previous article

As the stock market hits new highs and garners almost all the attention of the financial media, there is another bull market taking place in the world of commodities and it is picking up momentum only a few weeks into 2021. Throughout the current earnings reporting season, there have been numerous references on earnings calls about the rising cost of inputs pressuring margins for finished products. This leads to either hig

PREMIUM SERVICES FOR INVESTORS

Dr. Mark Skousen

Named one of the "Top 20 Living Economists," Dr. Skousen is a professional economist, investment expert, university professor, and author of more than 25 books.

Product Details

LEARN MORE HERE

Bryan Perry

A former Wall Street financial advisor with three decades' experience, Bryan Perry focuses his efforts on high-yield income investing and quick-hitting options plays.

Product Details

LEARN MORE HERE

Jim Woods

Jim Woods has over 20 years of experience in the markets from working as a stockbroker,
financial journalist, and money manager. As well as a book author and regular contributor to
numerous investment websites, Jim is the editor of:

Product Details

LEARN MORE HERE

Bob Carlson

Bob Carlson provides independent, objective research covering all the financial issues of retirement and retirement planning. In addition, Bob serves as Chairman of the Board of Trustees of the Fairfax County (VA) Employees’ Retirement System, which has over $2.8 billion in assets.

Product Details

LEARN MORE HERE

Hilary Kramer

Hilary Kramer is an investment analyst and portfolio manager with 30 years of experience on Wall Street. Since 2010, Hilary's financial publications have provided stock analysis and investment advice to her subscribers:

Product Details

LEARN MORE HERE

Jon Johnson

Jon Johnson's philosophy in investing and trading is to take what the market gives you regardless if that is to the upside or downside. For the past 21 years, Jon has helped thousands of clients gain success in the financial markets through his newsletters and education services:

Product Details

LEARN MORE HERE

DividendInvestor.com

Used by financial advisors and individual investors all over the world, DividendInvestor.com is the premier provider and one-stop shop for dividend information and research.

Product Details

Popular tools include our proprietary Dividend Calendar, Dividend Calculator, Dividend Score Card, and many more.

LEARN MORE HERE