Thursday, November 7, 2024
Tilray Inc. (TLRY) jumped 24% earlier this week on news it and Aphria are combining their businesses to become the world’s largest cannabis company. According TLRY’s latest press release, “On a pro forma basis for the last twelve months reported by each company, the Combined Company would have had revenue of C$874 million (US$685 million).” […]
Papa John’s (PZZA) is up 33% in 2020 overall, but still down 18% from its early September all-time high of $102.25. Following a recent consolidation period between $80-$82.50, shares are showing signs of breaking out and could be setting up for a return to the high $90s over the next few months. In early November, […]
2020 has been a year unlike any other, especially for the stock market. There has been a crash, a recovery, a massive sector rotation, persistent high volatility, and a host of IPOs. Despite the pandemic’s impact on the global economy, investors can’t seem to get enough of new stocks hitting the market this year. We’ve […]
5G stock, Inseego Corporation (INSG) just gapped above triple top resistance to $15.47. The stock, now up 82% since bottoming out at $8.47 in November, could see higher highs with a good deal of catalysts. For one, T-Mobile just made Inseego’s 5G MiFi M2000 its first hotspot. “We are extremely proud to be the trusted […]
Small cap stocks have been on a tear over the last month, with iShares Russell 2000 ETF (IWM) up nearly 11% in that span. IWM is a heavily traded index ETF that tracks small cap stocks, which sometimes represents the value trade. At least one big trader is using covered calls to express a very […]
Shares of Intec Pharma Ltd. (NTEC) saw a good deal of momentum after announcing a cannabinoid research collaboration with GW Pharma to explore using the Accordion Pill. “We are very excited to collaborate with GW,” said Jeffrey A. Meckler, Vice Chairman and Chief Executive Officer of Intec Pharma, as quoted in a company press release. “Through […]
Shares of AT&T (T) have struggled throughout 2020 after coming into the year just above the $39 level. The current 25% pullback has pushed the dividend yield above the 7% level despite the company’s fundamentals remaining quite strong. Over the past four quarters, AT&T has reported solid profits 76, 79, 85 and 87 cents a […]
FATE has become one of the hottest biotech stocks of the year. Since 2020, FATE’s stock price ran from a low of $18.80 to a recent high of $80.19, good for a return of 327%, as compared to the iShares NASDAQ Biotech ETF (IBB), which is up 25%. On Monday morning, the stock was up […]
Apple (AAPL) tends to be one of the most heavily traded options chains, especially after the stock split this year. As popular as the stock is though, it doesn’t pay much of a dividend. That’s why a trader likely placed a large covered call trade last week. The calls don’t expire until January of 2022, […]
One of the predominant themes that we continue to see is a lot of skepticism around the current rally. We think there is more room into the equity market as we continue to see a meltup.
