The S&P/TSX Index is hitting new highs, gaining a whopping 17% year to date. To put that into perspective, the Index has closed above 17% only twice since the financial crisis, and it’s safe to say that the TSX is enjoying a strong year. Unfortunately, this rising tide did not raise all ships. Every week, I scour the oversold list…
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The rout in the share prices of Canadian marijuana stocks continues to drive down valuations in the cannabis sector, which has contrarian investors wondering if the sell-off might be overdone. Let’s take a look at HEXO (TSX:HEXO)(NYSE:HEXO) to see if it deserves to be on your buy list today. Revenue woes HEXO has a credibility issue. The company just reported…
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Most pot stocks are in the doghouse, including industry leaders like Aurora Cannabis (TSX:ACB)(NYSE:ACB). Investors find it utterly disappointing to see promising cannabis companies lose market values one after the other. Aurora is no exception. However, with the stock price nearing its all-time low, is it time to buy? Lost momentum Aurora Cannabis was starting to gain momentum in January…
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The pullback in the share prices of cannabis stocks has investors who missed the big rallies in the past year wondering if this is finally the right moment to start buying small positions in some of the top pot stocks in the sector. Let’s take a look at Canopy Growth (TSX:WEED)(NYSE:CGC) to see if it deserves to be on your…
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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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