HEXO (TSX:HEXO)(NYSE:HEXO) is the latest pot stock to disappoint the market, and investors are driving the cannabis producer’s share price down in a major sell-off. The trend of weak earnings reports and dismal outlooks from Canadian marijuana stocks continues. HEXO’s fiscal 2020 guidance just went up in smoke. The Gatineau-based company said that ongoing distribution bottlenecks and regulatory challenges continue…
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Marijuana stocks have had a rough run over the past six months, and investors are wondering if the pullback in the share prices of pot stocks is an opportunity to buy today or a signal to get out before more downside occurs. Let’s take a look at HEXO (TSX:HEXO)(NYSE:HEXO) to see if it deserves to be on your buy list…
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Here’s my case as to why shares in Hexo (TSX:HEXO)(NYSE:HEXO), right now trading not far off their respective 52-week lows, could very well be the best investment anywhere among cannabis stocks today. HEXO is a large cannabis company, granted, it’s not quite at the same levels as the likes of Canopy Growth, Aurora Cannabis, or Cronos Group, each of which…
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The downward trend in marijuana stocks continues to send share prices to new 12-month lows. This is a very different situation compared to the massive rally the sector enjoyed in the first two weeks of last October ahead of the launch of the legal recreational market in Canada. Canopy Growth (TSX:WEED)(NYSE:CGC) traded above $73 per share on October 15, 2018.…
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October is almost here, and there are three stocks that could be due for some big performances this coming month. Aphria (TSX:APHA)(NYSE:APHA) is expected to release its latest quarterly results in October. And if the stock can follow up with the positive results that it achieved back in July, we could see its share price get a big boost. Last…
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A doomsday scenario looms for Aurora Cannabis (TSX:ACB)(NYSE:ACB) after the company reported disappointing fiscal fourth-quarter earnings on September 11, 2019. The negative sentiment in the cannabis sector is overwhelming, as the subsequent earnings reports by industry peers were also disappointing. But investors’ focus is more on Aurora, which is the acknowledged industry leader today. The dismal financial figures are a…
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With equity markets trading near all-time highs, contrarian investors are searching for troubled stocks that have fallen out of favour and might offer a shot at some big gains on a turnaround. Let’s take a look at Aurora Cannabis (TSX:ACB)(NYSE:ACB) to see if it deserves to be on your buy list today. Tough run Aurora Cannabis trades at $6.50 per…
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It’s been a volatile year for 2019, and it may be a good time for investors to start looking ahead to future years to find good growth opportunities. Below are three stocks that could be appealing buys for 2020 that could yield good returns for investors: Ballard Power Systems Inc (TSX:BLDP)(NASDAQ:BLDP), which has risen over 80% during the first eight months…
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One of Canada’s top cannabis company, Hexo Corp. (TSX:HEXO)(NYSE:HEXO) will be releasing its fiscal fourth quarter of 2019 (ended in July) today. Analysts expect Hexo to post revenue of $25.59 million in the fourth quarter, a rise of 1715% year over year. Analysts have a high revenue estimate of $27.46 million and a low estimate of $20 million. Hexo reported…
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The market value of the one-time pride of the cannabis industry has eroded over the last five months. As of this writing, Canopy Growth’s (TSX:WEED)(NYSE:CGC) market cap is $10.85 billion. If it falls below $10 billion, the company loses its large-market-cap status. If you were to invest in WEED, at what price should you buy it? Canopy is facing a…
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