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America’s 7 Largest Cannabis MSOs Climbed 5% Last Week

America’s 7 Largest Cannabis MSOs Climbed 5% Last Week

 An IntroductionFive of the 7 constituents in our American Cannabis MSO Portfolio went up 4.9%, on average, during the week ending June 21st as compared to all 7 going down 8.2% the previous week. That being said, however, they remain down 33.7%, on average, from their prices on April 30th when the DEA announced that […]
Energy: As Economic Backdrop Evolves, Consider This Promising Sector

Energy: As Economic Backdrop Evolves, Consider This Promising Sector

Image Source: UnsplashMay started strong and, after some wavering toward month-end, finished with a flourish, including the best stock week in 2024 to date. We are encouraged by the double-digit stock-market gain as of end-of-May – which is usually a reliable portent of a full-year, double-digit gain. Meanwhile, energy looks more attractive here, writes John Eade, president […]
S&P 500 Earnings Dashboard 24Q1 – Saturday, June 22

S&P 500 Earnings Dashboard 24Q1 – Saturday, June 22

Image Source: Pixabay S&P 500 Aggregate Estimates and Revisions The 24Q1 year-over-year adjusted blended earnings growth estimate is 11.2%. If the energy sector is excluded, the growth rate for the index is 11.3%. Please note that the 24Q1 year-over-year growth rate for Bristol Myers Squibb reflects an approximate $12 billion one-time charge related to its acquisition of Karuna Therapeutics. […]
Forex And Cryptocurrency Forecast For June 24-28

Forex And Cryptocurrency Forecast For June 24-28

Image Source: Pixabay EUR/USD: Eurozone – Rising Inflation, Falling Economy As revised Eurostat data published on Monday, June 17 showed, inflation (CPI) in the 20 Eurozone countries accelerated to 2.6% (year-over-year) in May, compared to 2.4% in April, when it was at its lowest since November 2023. The consumer price index in the services sector increased annually […]
Masters In Trading – Saturday, June 22

Masters In Trading – Saturday, June 22

Image Source: UnsplashIn this video, I discuss a stock that is expected to see major upside, and I take a closer look at my portfolio.00:16:35More By This Author:Masters In Trading – Saturday, June 15Masters In Trading – Saturday, June 8Masters In Trading – Saturday, June 1
U.S. Oil Production At Record Highs Amid Flat Growth

U.S. Oil Production At Record Highs Amid Flat Growth

Image Source: UnsplashI have noted in recent articles that U.S. oil production is presently at about the same level it was 10 months ago. In August 2023, the U.S. produced 13.0 million BPD of crude oil. That gradually rose to 13.3 million BPD by the end of 2023, but has since declined back to 13.1 million BPD.In a […]
Sirius Is Sorry

Sirius Is Sorry

Image source: PixabayHere is a  look at Sirius XM Holdings Inc. (SIRI). If this wasn’t a $3 stock, it would certainly be an amazing short.More By This Author:Bitcoin = Months Of Sinking The Dell Gap The Nvidia Speedometers
The Stock Market This Week: Nvidia’s Rise Has Been Astounding

The Stock Market This Week: Nvidia’s Rise Has Been Astounding

Image Source: PixabaySomething happened that had not been seen in years. Microsoft (MSFT) and Apple (AAPL) lost their rankings as the number one companies by market capitalization to a relative newcomer. Nvidia (NVDA) overtook both before dropping to third by market close on Friday.Nvidia’s rise has been astounding. The corporation’s market capitalization grew from roughly $12 billion in 2015 to […]
Week Ahead: Politics, Economics, And The Yen

Week Ahead: Politics, Economics, And The Yen

Image Source: PixabayThe relationship between interest rate expectations and foreign exchange levels is more complicated than many textbooks or conventional wisdom allows. Australia’s and Norway’s central banks pushed against rate cuts this year, and their currencies were rewarded. The Reserve Bank of New Zealand said more or less the same thing, but investors were less sanguine and took […]
Week In Review: FutureGen Sells MAb For IBD To AbbVie In $1.7 Billion Deal

Week In Review: FutureGen Sells MAb For IBD To AbbVie In $1.7 Billion Deal

Image Source: Unsplash Deals and Financings FutureGen Biopharm (Beijing) out-licensed global rights for its next-gen TL1A antibody, a proposed therapy for inflammatory bowel disease, to AbbVie (ABBV) in a $1.7 billion agreement (see story). The candidate is in preclinical development. AbbVie, which will have exclusive rights to manufacture and commercialize FG-M701, will pay $150 million upfront and […]