Author: The INO.com Team

100% Revenue Growth for 11 Consecutive Quarters

Posted on by The INO.com Team

Analysis originally distributed on October 4, 2017 By: Michael Vodicka of Cannabis Stock Trades

Growing revenue by more than 100% for 11 consecutive quarters is no small accomplishment.

A statistic like that immediately tells me two things about a company.

Number one, it is operating in a high-growth industry.

Number two, it is doing a great job of capturing that growth.

These are the reasons I'm excited about the little-known cannabis stock I am going to share today.

This early industry leader just reported its 11th consecutive quarter of at least 100% revenue growth.

That's a pretty ridiculous streak - I haven't seen anything like it even in the high-growth cannabis industry.

That's why shares are up 104% in 2017 and ready for more.

Let's take a closer look. Continue reading "100% Revenue Growth for 11 Consecutive Quarters" →

Oil, Gold and Indexes Are On The Move Higher

Posted on by The INO.com Team

Hello traders everywhere. The stock market hit new highs today on renewed hopes of tax reform and solid overall economic data. However, a fight between President Donald Trump and U.S. senator Bob Corker raises questions about the likelihood of a plan moving forward.

President Trump has weighed in by saying that his fight with Senator Corker will not interfere or delay the passing of tax reform. I guess we'll have to wait and see.

MarketClub's Mid-day Market Report

Oil and gold are both on the rise today as well. Oil is heading higher on news that the world's biggest crude exporters - Saudi Arabia and Russia - may extend or deepen supply cuts and have urged U.S. shale producers to join them.

Meanwhile, gold touched its highest price in nearly two weeks, supported by a softer dollar and geopolitical tensions in Spain and North Korea, though gains were capped by expectations of another U.S. interest rate increase.

Key levels to watch this week: Continue reading "Oil, Gold and Indexes Are On The Move Higher" →

Weekly Futures Recap With Mike Seery

Posted on by The INO.com Team

We've asked Michael Seery of SEERYFUTURES.COM to give our INO readers a weekly recap of the Futures market. He has been Senior Analyst for close to 15 years and has extensive knowledge of all of the commodity and option markets.

Michael frequently appears on multiple business networks including Bloomberg news, Fox Business, CNBC Worldwide, CNN Business, and Bloomberg TV. He is also a guest on First Business, which is a national and internationally syndicated business show.

Gold Futures

Gold futures in the December contract settled last Friday in New York at 1,275 an ounce while currently trading at 1,264 down about $11 for the trading week after reacting negatively to a higher U.S. dollar hit a six week high putting pressure on silver and gold prices here in the short term. The United States lost 33,000 jobs in September due to the hurricane situation down south, but that is having minimal impact to support gold as the short-term trend is to the downside. If you take a look at the 10-year note which is now yielding 2.45% as yields continue to climb which is a negative towards precious metals prices plus tensions with North Korea have subsided over the last several weeks as money flows are coming out of gold and into the stock market once again which hit all-time highs this week. I'm advising clients to avoid the precious metals as they remain choppy with poor chart structure. Gold prices have now dropped about $100 from the September 8th high around 1,362 as this market has been incredibly choppy in 2017 as we are headed towards major support at the 1,250 level as lower prices look to be ahead in my opinion.
TREND: LOWER
CHART STRUCTURE: POOR
Continue reading "Weekly Futures Recap With Mike Seery" →

The Priceline of Cannabis up 213% in 2017 - More to Come?

Posted on by The INO.com Team

Analysis originally distributed on September 27, 2017 By: Michael Vodicka of Cannabis Stock Trades

The Priceline Group Inc. (NASDAQ:PCLN) has been one of the best performing stocks in the S&P 500 for the last ten years.

Priceline's gain of 1,970% destroyed the S&P 500's 64% return in the same period. Take a look below.

Priceline

Investing $1,000 ten years ago would be worth $19,700 today.

Investing $10,000 ten years ago would be worth $197,000.

The reason for Priceline's success is simple. It uses technology to help consumers find great deals.

Today - I see this same cycle repeating itself in the cannabis sector. Continue reading "The Priceline of Cannabis up 213% in 2017 - More to Come?" →

Markets Reverse Course With Tillerson Staying

Posted on by The INO.com Team

Hello traders everywhere. The S&P 500 and the Nasdaq reversed course to hit new record highs after U.S. Secretary of State Rex Tillerson denied reports that he had considered resigning in a press conference this morning.

Tillerson spoke after reports that Vice President Mike Pence and other top officials intervened to persuade him not to resign during the summer as tensions rose with President Donald Trump.

"I have never considered leaving this post," said Tillerson. "I am here for as long as the President feels I can be useful to achieving his objectives."

MarketClub's Mid-day Market Report

The markets seemed to have breathed a sigh of relief that Tillerson is staying in office after a drop in technology stocks had pulled down the S&P and the Nasdaq in early trading.

Meanwhile, data released this morning pointed to further strengthening of the economy. The ADP National Employment Report indicated that the private sector added a better-than-expected 135,000 jobs in September, even as Hurricane Harvey and Irma "significantly impacted smaller retailers."

The rest of the week is loaded with economic data, leading up to Friday's nonfarm payrolls report for September.

Key levels to watch this week: Continue reading "Markets Reverse Course With Tillerson Staying" →