Cabot Marijuana Investor Update
Not a lot has changed since last week’s issue—overall, the cannabis sector remains in a correction—but there are a few stocks worthy of an update.
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NYSE stock
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NYSE stock Archives
Cabot Marijuana Investor 1119
The Smart Money is Moving In
It’s common knowledge among experienced investors that the price of a company’s stock, at any one time, is imperfectly related to the company’s actual value.
Other factors that affect the price include estimates of the company’s future revenues, earnings profit...
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Cabot Marijuana Investor Update
Yesterday, the House Judiciary Committee approved the Marijuana Opportunity Reinvestment and Expungement Act (MORE Act), which has Democratic Presidential candidate and former prosecutor Kamala Harris as one of its sponsors.
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Cabot Marijuana Investor Update
I’m making four changes to the portfolio today.
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Cabot Marijuana Investor 1019
Be Not Afraid
One year ago, soon after marijuana sales became legal in Canada, investors were throwing money at the sector, anxious to get a piece of the action. Today, the opposite is true—getting money for a cannabis business takes real work!
That was my takeaway...
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Cabot Marijuana Investor Update
It’s been a tough few months for cannabis investors, but no downtrend lasts forever, and yesterday’s blast-off by Aphria (APHA), which sparked buying across the sector, is a sign that the worst has almost certainly passed.
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Cabot Marijuana Investor Update
Yesterday was the worst day of the year for cannabis stocks, with HEXO (no longer in our portfolio) leading the way down with a plunge of 22.5% after the company announced that revenue for the fiscal fourth quarter, ended July, would be $14.5 $16.5...
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Cabot Marijuana Investor Update
The cannabis sector has been trending down since the end of March, giving back its spectacular gains from the start of the year, and until now I’ve remained optimistic about our stocks, partially because of their outstanding fundamental growth metrics but also because two...
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Cabot Marijuana Investor 919
Lots of Crosscurrents!
The good news is that yesterday the U.S. House of Representatives voted in favor of the SAFE Banking Act (the acronym stands for "Secure and Fair Enforcement"), which would shield banks and other financial institutions from being held liable for serving businesses...
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Cabot Marijuana Investor Update
In the broad market, all is well, as all trend-following indicators are positive, and the number of stocks hitting new lows has been minuscule in recent days.
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Cabot Marijuana Investor Update
One major factor in investing, particularly in small stocks and young sectors where growing pains are still the norm, is sentiment. Good sentiment can take a sector to extreme highs—as it has done for the marijuana sector at every major legalization milepost.
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Cabot Marijuana Investor Update
As summer morphs into fall and Wall Street returns to full operation, I’m seeing some welcome signs of buying in the cannabis sector. So today we’ll join them, by averaging up in two of our holdings.
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Cabot Marijuana Investor 819
Buying Opportunity
It’s been rather frustrating to see cannabis stocks falling day after day, week after week, while the companies’ quarterly reports (with the exception of Canopy Growth) continue to reveal that business is booming. But that’s how the market works.
First, cannabis stocks attracted slew...
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Cabot Marijuana Investor Update
Yesterday’s strong market triggered a technical indicator, a follow-through signal that tells us buyers are lurking. Of course, today’s big decline so far isn’t good to see, but nevertheless, this and other measures (awful sentiment, etc.) tell us there should be support on weakness.
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Cabot Marijuana Investor Update
The good news is that many cannabis companies have been releasing their second quarter reports and the results have been excellent.
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Cabot Marijuana Investor Update
The cannabis sector is still in correction mode ... looking for a bottom somewhere.
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Cabot Marijuana Investor Update
While long-term prospects for the cannabis industry remain excellent, the sector as a whole remains in correction mode today, with the big Canadian stocks under the greatest pressure—and no one knows where the bottom is, though history tells us it will come when last...
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Cabot Marijuana Investor 719
Bad News Bears
The stock market in general is quite healthy, with the major indexes at or near their highs, and all Cabot’s market timing indicators positive.
But the cannabis sector is still weak.
Part of this weakness stems from the fact that cannabis was the sector...
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Cabot Marijuana Investor Update
The broad market is in fine shape, with most major indexes at or near their highs and all Cabot’s market-timing indicators bullish.
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Cabot Marijuana Investor Update
The marijuana sector’s charts have been weak overall since the sector’s March top.
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