Why Did HEXO (TSX:HEXO) Cannabis Stock Jump 38%?

HEXO (TSX:HEXO)(NYSE:HEXO) stock has been in trouble. Since April, shares have shed 75% of their value. This once multi-billion-dollar stock is now being valued at just $750 million. HEXO isn’t alone. The entire industry has experienced intense pain this year. Most cannabis ETFs are down at least 50%. Nearly every pot stock has been crushed. Yet the pain could finally…

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TFSA Investors: 1 Little-Known Stock That Has Doubled Like Shopify (TSX:SHOP) in 2019

High-growth stocks are best stashed in a TFSA, no matter how high they appreciate, investors don’t have to worry about potential capital gains taxes in the future. Shopify’s (TSX:SHOP)(NYSE:SHOP) stock has been a darling for TFSA growth investors over the past few years due to its massive share price gains over the period which top 656% since three years ago.…

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WARNING: These 2 Millionaire-Maker Stocks Just Went on Sale!

Millionaire-maker stocks are hard to come by. We’re not talking about 10% annual returns. Instead, these stocks have the potential to grow your portfolio several times over, sometimes in a matter of months. If you want to turn thousands into millions, these are must-own investments. The problem, however, is that millionaire-maker stocks almost never go on sale. In reality, they’re…

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Should You Invest in Marijuana Stock IPOs?

Almost no industry has seen more IPOs in recent years than marijuana. Although big tech IPOs like Shopify have gotten the most attention, marijuana IPOs have been, by far, the most numerous on the TSX. In the past five years, at least half a dozen weed producers have gone public, with many more having plans to do so in the near…

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Bargain Hunters: 2 Stocks That Could Become Oversold Very Soon

Investors looking for some deals on the markets will want to keep an eye out on the two stocks below. They’ve been struggling and are getting close to oversold territory. One indicator that helps investors know when a stock is oversold is the Relative Strength Index (RSI), which helps to gauge how excessive selling has been relative to buying and…

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1 Marijuana Stock I wouldn’t Touch With a Barge Pole

The number of cannabis companies has skyrocketed in recent years. With the stigma around marijuana evaporating before our eyes — and increasingly permissive laws being enacted by governmental authorities — there is no shortage of firms looking to cash in on this massive, once-in-a-generation opportunity. This does, however, put a lot of pressure on investors looking to profit from the…

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These 3 Stocks Have Doubled in 2019: Will They Do it Again in 2020?

Momentum investing is a ridiculously simple strategy that many investors swear leads to better returns. All the scheme does is load up on the best short-term performing stocks and rides them until they start to fizzle out. New companies are found at that point, and the whole process repeats itself. See? I told you it was easy. It’s also been…

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Should You Buy a Hot Stock on Its IPO Day?

A number of high-profile companies have gone public this year and investors often wonder if it is a good idea to buy the stocks when they make their initial public offering. Traders often try to make quick gains, and the volatility that regularly occurs in the first few days or initial weeks of trading can deter potential long-term investors. However,…

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3 Stocks on the TSX That Absolutely Soared Yesterday

Shares in the world’s leading producer of hemp-based cannabidiol (CBD) products Charlotte’s Web Holdings (TSX:CWEB) continued on their ascent yesterday, gaining more than 9% on the day between open and close. Shares are up more than 34% this week alone. CWEB is a unique company in that it’s not playing the recreational marijuana game — far from it. The company’s…

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