It was another big day of gains on Tuesday for the North American Marijuana Index, even as some investors anxiously wait for the Fed to announce an interest rate hike in the next 24 hours.
Tag Archives: S&P 500
Over the trailing-12-month period through July 15, the average marijuana stock with a market cap in excess of $200 million — a dozen stocks in total, which excluded MedReleaf because it just went public a month ago — was up by 332%.
Investors may be lulled into thinking that stocks they own or study in the cannabis space are insulated from what’s happening in the broader market. But that’s simply not true, and violates one of the oldest maxims in investing: Don’t fight the tape.
In the past few weeks we have seen some massive volatility in the most active cannabis stocks. At the same time we have seen broad market indexes like the NASDAQ and the S&P 500 hit new record highs, begging the question of whether the cannabis stocks are just following general momentum.
One of the best parts of being a cannabis investor is being able to witness history in the making on a daily basis. This time it is the announcement of the first cannabis tech IPO with MassRoots (OTC Pink: MSRT) preparing to come online this month.
Cannabis stocks just kind of bumped along again today. It is interesting how the collective consciousness of some investors can operate on the same wave length.
Cannabis stocks have not enjoyed the broad market enthusiasm, which is not surprising, but it remains disappointing.
The need to be better about our use of water is very clear. As an industry, this is a must and as investors, it is important to evaluate what this means for the bottom line.
Cannabis stocks began the week with mixed action. Volumes continue to be lackluster and some of the recently pumped stocks have now been left to crater.
Stocks rebounded today as March volatility continues. This time markets were in rally mode with the S&P 500 climbing 1.26% to 2,066. U.S. stocks have crossed back into positive territory for the year.
Volumes in cannabis stocks are still light but price action was a bit better today. We saw less double digit decliners and some buyer interest in a few names.
Cannabis stocks started the week off with a mixed tone. Volume continues to be low for most stocks in the space. A sector void of catalysts, plagued with low quality, and still elevated valuations, makes for a tough environment.
MassRoots, the leading social media company in the cannabis space, is due to begin trading in the next month or so. Earlier this week, we saw continued progress toward the company’s public presence with the issuance of its ticker (OTC Pink: MSRT).
Cannabis stocks begin a new month with a long awaited new ticker, Indoor Harvest (OTC Pink: INQD). Despite the new shiny toy, the market remained quiet.
Cannabis stocks started the day off with an interesting press release out of Surna (OTCQB: SRNA) announcing that its CEO Tom Bollich will be stepping down.
Cannabis stocks were mixed again today. Some solid names hovering around lower levels, which again is frustrating and likely the effect of low volumes.
Cannabis stocks were pretty quiet today. A few announcements came out about companies looking to expand their product lines. We encourage companies to adapt and respond to market demands, but always watch for “me too” or trend hopping.
Cannabis stocks continued their trend of having a quiet day for Fridays. We have become accustomed to this.
Most quarterly updates have been released for cannabis stocks, outside of companies posting annual filings and delayed PINKs.
Many 4th quarter updates have been released from the cannabis sector. Not surprising, most of these companies are worth very little.
Cannabis stocks were mixed again today as participants were still working off the long Presidents Day weekend.
What we are learning is that when taxes are too high (such as in the state of Washington) it can help to continue fueling the black market. However, a “fair” tax structure can help fund government programs and improve society overall.
This market is starting to feel like “Waiting for Godot” as many seem to be sitting on the sidelines or selling existing positions, waiting for better opportunities.
Cannabis stocks were mixed today. Most stocks rising or declining double digits were on little to no volume. Liquidity and interest are still on the decline.
We can’t help but think how the burgeoning cannabis industry is contributing to putting America back to work.
Cannabis stocks are not feeling the same bullishness of broad markets. Cannabis stocks need to escape purgatory and that requires serious purging of low quality, capital-consuming cannabis stocks.
Cannabis stocks were mixed today as we end the hump day of the week. Volumes continue to be lackluster and overall press has died down on the back of ArcView’s first conference of 2015.
Cannabis stocks are not feeling quite the same positive risk sentiment as the broader markets. Investors, traders and speculators may be feeling a bit of fatigue with these seasoned tickers, many of which will amount to nothing.
Cannabis stocks started out the first trading day of the month with optimism. Are cannabis bulls returning to the space?
Cannabis stocks traded poorly today. Fridays are generally plagued by poor volume and price weakness. Month ends exhibit similar characteristics.
This year’s event was an historic event, as it was two days and hosted new investors from a range of backgrounds. The entrepreneurs are showing a new level of acumen and polish and are bringing great pitches to the events.
Cannabis stocks were mostly quiet today. Volume is becoming quite challenging as recent actions by the U.S. Treasury Department may take a big bite out of OTC PINK companies.
Feels like a Friday in the cannabis sector as stocks were under selling pressure with lighter volume.
Cannabis stocks started the day under selling pressure. However, the negative pressure eased a bit as broader markets lifted higher.
Cannabis stocks were better to sell today. Perhaps this was due to the hangover from yesterday’s press blitz. Regardless, the space continues to hold up despite the volatility experienced by broader equity markets.
The press machine is back in full force today in the cannabis sector. It appears that many companies in the space were preparing their press releases over the long weekend.
We can’t help but notice the parallels between legalizing marijuana and gay marriage as they progress in our society.
Volume is once again thinning in the cannabis sector. Risk-off sentiment in the broader markets may have a trickle-down effect on the participation in this high octane sector.
Cannabis stocks are facing dwindling participation. However, today was a “low volume levitation” kind of day.
We believe that 2015 is the year to “put up or shut up.” We believe companies that are able to execute and generate meaningful revenues will separate themselves from the pump and dump crowd.
Cannabis stocks were mostly unchanged on the day, even though individual stocks varied quite a bit on a percentage basis.
Cannabis stocks ended the week on a mixed note. We are pleased to see better volumes and capital flowing to better names.
Equities continued to surge higher and recoup the recent weakness. Keep in mind that just a few days ago, the market was off to its worst start to a calendar year ever.
It is quite possible that “buy the rumor, sell the news” has been experienced, as manipulators might have been pushing up prices ahead of last night’s “Marijuana Country: The Cannabis Boom” on CNBC Prime.
The holiday trading is now behind us and the initial sentiment for 2015 is starting off pretty weak. Does this feel similar to last year at this time?
Cannabis stocks enjoyed their first day of 2015 with a majority of the sector rallying. It is not too surprising to see a bounce with tax-loss harvesting behind us.
Cannabis stocks were mostly quiet today as tax-loss selling came to an end. Let’s hope we are not so widely plagued with this headwind in 2015’s year-end.
This is one of the last days of 2014 where you can make donations to impact your taxes and tax write-offs for the year.
U.S. markets seem like they are on “tip toe” mode into year end. U.S. equities have had a great year, in general, so there is little incentive to take too much risk with two trading days left.
While quiet, the market seems to be holding its own today. The S&P 500 posted a gain of 0.34% to 2,089. Small and microcaps outperformed their larger cap brethren with both indices continuing their December rally.