Hello traders everywhere. The indexes are ending the week on a soft note after reaching records highs earlier in the week. This is primarily due to General Electric Company (NYSE:GE) falling more than 4% to a 19-month low.
Meanwhile, the euro climbed to its strongest level against the dollar since January of 2015 after ECB President Mario Draghi said that the ECB would discuss plans to unwind quantitative easing this fall.
Key levels to watch next week: Continue reading "Market Ends On A Weak Note"
Analysis originally distributed on July 13, 2017 By: Michael Vodicka of Cannabis Stock Trades
There are millions of square feet of cannabis cultivation facilities being built all across North America.
Take Americann (OTC:ACAN) for example. Americann is a U.S. based cannabis company headquartered in Massachusetts. Americann is in the early stages of building a 1 million square foot cultivation facility in Mass that will potentially serve as the primary cultivation hub to supply a huge portion of the Eastern cannabis market.
Cronos Group (CDNX:MJN.V) is another good example. Cronos is a Canadian cannabis company headquartered in Toronto. In May, Cronos announced that one of the companies it owns, Peace, had broke ground on a 315,000 square foot cultivation facility.
This project will include a 286,000 square foot production facility, a 28,000 square foot greenhouse, and a 1,200 square foot extraction laboratory.
When finished, this facility is expected to be one of the largest indoor cannabis production facility in the world.
As you can see, cannabis companies are in the process of hugely ramping up their cultivation capacities to meet the tidal wave of demand for cannabis coming down the pike.
One way to profit is to simply invest in the companies building these cultivation facilities. That could turn out to be extremely profitable.
However, I have an even better way to potentially profit. Continue reading "More To Come For This Cannabis Lighting Company?"
Janet Yellen’s equivocal remarks at last week’s semi-annual Congressional testimony certainly might make you believe that a rate hike at the Federal Reserve’s July 25-26 meeting is hardly a sure thing. Indeed, the odds of that happening are a lot less than 50-50. A lot less.
In her testimony, Yellen remained confident in her previous declarations that inflation would gradually rise to the Fed’s 2% target. “It’s premature to reach the judgment that we’re not on the path to 2% inflation over the next couple of years,” she said. But then she quickly hedged her bets. “We’re watching this very closely and stand ready to adjust our policy if it appears that the inflation undershoot will be persistent,” she said.
Based on the past several months’ worth of inflation statistics, one would have a tough time arguing that lower-than-expected inflation hasn’t become “persistent.” Last month’s consumer price index was unchanged from May and up only 1.6% versus a year earlier, the fourth straight decline by that measurement. That followed May’s personal-consumption expenditures index, the Fed’s preferred inflation measure, which fell 0.1%. The core index, which excludes food and energy, rose 0.1%, but just 1.4% on a year-to-year basis, well below the Fed’s target rate and lower than at the beginning of the year. Continue reading "Has Yellen Become A Dove Again?"
The continued weakness in the silver price offers opportunities to buy silver stocks, which have followed the metal to the downside. This time I selected three of the top silver stocks by their P/E ratio for analysis.
Table 1. Top Silver Stocks By P/E
Image courtesy of finviz.com
Top three companies are:
1. Silvercorp Metals Inc. (NYSE:SVM)
2. Coeur Mining Inc. (NYSE:CDE)
3. Silver Standard Resources Inc. (NASDAQ:SSRI)
Silver started to drop into a long lasting correction a year ago on the 4th of July, 2016. Below is a comparison chart of three stocks and silver itself to show you how they performed relative to each other. Continue reading "Silver Stocks: This Penny Stock Became A Superstar"
Hello traders everywhere. The stock markets opened little unchanged for on Monday holding just above the record levels set on Friday. The reason for the slow start? Earnings. That's right, it's earnings season and we're kicking off a big week of earnings with Netflix Inc. (NASDAQ:NFLX), which reports after the close today.
If you're looking for a place to find a full listing of earnings dates look no further. I use Yahoo! Finance's earnings calendar.
Key levels to watch next week: Continue reading "Earnings, Earnings, Earnings"