Cannabis companies are seeing their stocks rise across the board. It seemsSundial’s(SNDL) recent earnings beat and promising comments fromTilray’s(TLRY) CEO have investors confident. TLRY and SNDL are both up around 6%, whileCanopy Growth(CGC) enjoys a massive 16% jump. Cannabis stocks are the talk of Wall Street today as a number of these green producers produced healthy gains. It seemsSundial’s(NASDAQ:SNDL) earnings beat and new, promising comments from theTilray(NASDAQ:TLRY) chief executive have investors hopeful for the burgeoning industry.So, what is going on with marijuana stocks today?Well, first up is Sundial. The Canada-based cannabis and alcohol producer released its second quarterearnings resultsthis morning. The company managed to surpass revenue expectations, announcing surpri
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$Coinbase Global, Inc.(COIN)$ COIN used to correlate reasonably, at least in the short term with Bitcoin and NASDAQ. But now, it seems to have been untethered from those derivatives. Been seeing only lower lows the month of April, no matter what Bitcoin or NASDAQ does . What is happening? What’s the cause of this continual dipping?
What Is Going on With Cannabis Stocks TLRY, CGC, SNDL Today?
What Is Going on With Cannabis Stocks TLRY, CGC, SNDL Today?
The stock suffered a peak-to-trough decline of 53% and it’s not guaranteed that the lows are in. That said, this stock trades at a paltry 15.5 times this year’s earnings and 13 times next year’s earnings estimates.If you can’t tell by that breakdown, analysts expect a slowdown in earnings this year. That’s as Meta regroups a bit and sorts through various expenses and user-growth issues. However, it’s estimated that revenue will grow 7.4% this year before accelerating up to 16.4% growth in 2023.Is Meta a slam dunk? Not necessarily. However, at 13 to 16 times earnings with robust margins, a strong balance sheet and four of the top 10 mobile apps, it may be worthwhile to begin accumulating the name. And that makes FB stock one of the top undervalued stocks to buy right now.
Phunware (PHUN) Stock Pops as Twitter Deal Falls Through
Phunware(PHUN) stock is climbing on news that Elon Musk is abandoning hisTwitter(TWTR) bid. As a "Trump stock," Phunware tends to move alongside special purpose acquisition company (SPAC) Digital World Acquisition (DWAC). PHUN stock is currently up more than 10%. Source: ShutterstockPhunware(NASDAQ:PHUN) stock is up more than 10% today, rallying on news that Elon Musk is abandoning his planned acquisition ofTwitter(NYSE:TWTR).Phunware is an integrated software company also known as a “Trump stock,” associated with former President Donald Trump’s presidential campaigns. Shares of PHUN closely track the movements ofDigital World Acquisition (NASDAQ:DWAC) as well, the special purpose acquisition company (SPAC) takingTrump Media & Technology Grouppublic. DWAC stock is climbing 10% tod
Phunware (PHUN) Stock Pops as Twitter Deal Falls Through
Aviation and travel-related stocks up after Singapore announces easing of COVID-19 border measures
$SINGAPORE AIRLINES LTD(C6L.SI)$ Singapore announced several key changes to its COVID-19 measures , including larger group sizes and making mask-wearing optional in outdoor settings from Mar 29, as part of what Prime Minister Lee Hsien Loong described as taking a “decisive step forward” towards living with COVID-19. Testing and quarantine rules for travellers will also be drastically streamlined – a move that will help reconnect Singapore with the world and reclaim the country’s position as a business and aviation hub, Mr Lee said. Under the new vaccinated travel framework – where countries and regions will be classified into either the general travel or the restricted category – all fully vaccinated travellers, as well as children aged 12 and belo
$RXO INC(RXO)$ Take good care of you, little buddy. Earn some pocket money and celebrate with a bottle of good wine tonight.
Even Amid Musk Drama, Twitter Stock Is Worth Owning
There are a lot of shortages in the world right now, but there’s no shortage of controversy surrounding Twitter (NYSE:TWTR). Investors might feel nervous about holding onto TWTR stock, but there’s no need to panic-sell your shares. Overall, the nervousness is really just a by-product of uncertainty. After all, if financial market traders hate anything, it’s uncertainty; But that’s just a part of long-term investing. Nonetheless, it’s important to be aware of the buzz and the hubbub surrounding Twitter now. At the same time, though, you can do what sensible investors always do: let the hard data inform your financial decisions. What’s Happening with TWTR Stock? “I consider the Musk/Twitter episode a sideshow to serious investing. It’s interesting to watch, and will be fascinating to see the
Even Amid Musk Drama, Twitter Stock Is Worth Owning
SE: The Best Asian Stock to Buy Now
The steep selling in U.S. markets has felt relentless in the first half, and even the best Asian stocks got caught in the tide.Despite already falling into a bear market territory, the U.S. indices still trade above fair value. When considering interest rates have further risen as the Federal Reserve battles rampantinflation, investors should diversify geographically. And the best Asian stocks, already at a deep discount, also have strong growth prospects ahead.Worldwide, all but one of the central banks are raising interest rates. China’s central bankis the exception. This suggests that the country is willing to continue an accommodating monetary policy. It wants to stimulate economic growth while the world tightens credit conditions.In Singapore, the online retailer and gaming firmSea(NY
SE: The Best Asian Stock to Buy Now
$Yatsen Holding Limited(YSG)$ Yatsen Holding bulls will hope to hear the company to announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Tough to conserve capital in this market. Allot of strategies are out the window. Any news could send the market either way. Trying to time the market? Good luck. SoFi is more valuable in the future than what it is today without a reverse split. May not be the finest piece of advice but it’s choppy waters with allot going on. Good luck all and stay level headed in this mess.$SoFi Technologies Inc.(SOFI)$
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