U.S. Investing

CANNABIS CORNER: A Good Year After All

Remember when the cannabis stocks were dead money? The group has now made money year to date (YTD). If you were in big banks or big oil, you’d be sad. If you were in big cannabis, you’re cheering now.

Sales are still robust. In wide swathes of the American landscape, legal weed has become a way of life. And for millions of sick people, it’s a true lifeline.

I’m reviewing another pre-IPO name now. Only my IPO Edge subscribers will get my thoughts. You can subscribe now to make sure you’re on the list.

Meanwhile, there are obvious winners and losers. Aurora Cannabis Inc. (NYSE:ACB) has rebounded a lot since the election, but it’s still down 27% YTD.

Two weeks ago, Wall Street had written the company off as a loss. Now the stock is still broken in a lot of ways, but the company has much brighter prospects.

Tilray Inc. (NASDAQ:TLRY) is doing a little better. It’s up 14% this year, which, in cannabis land, is a huge win. Shareholders are making money again. This company has turned the corner.

And Canopy Growth Corp. (NYSE:CGC) is the big winner with a 47% YTD gain. From its perspective, the boom never ended. It only paused over the past 18 months.

Now it’s time that the group gets back to work under the leadership of new and more dynamic names. I’m excited. Are you?

Hilary Kramer

Hilary Kramer is an investment analyst and portfolio manager with 30 years of experience on Wall Street. The Financial Times describes Ms. Kramer as “A one-woman financial investment powerhouse” and The Economist distinguishes her as “one of the best-known investors in America”. Ms. Kramer is often quoted in publications such as the Wall Street Journal, New York Post, Bloomberg, and Reuters. She is a frequent guest commentator on CNBC, CBS, Fox News and Bloomberg, providing investment insight and economic analysis. Ms. Kramer was an analyst and investment banker at Morgan Stanley and Lehman Brothers. Ms. Kramer founded and ran a long-short hedge fund and has been chief investment officer overseeing debt and equity portfolios. Since 2010, Ms. Kramer’s financial publications have provided stock analysis and investment advice to her subscribers. Her products include GameChangers, Value Authority, High Octane Trader, Triple-Digit Trader, 2-Day Trader, IPO Edge and Inner Circle. Ms. Kramer, a Certified Fraud Examiner, has also testified as an expert in investment suitability, risk management, compliance, executive compensation, and corporate governance. Ms. Kramer received her MBA from the Wharton School at the University of Pennsylvania and her BA with honors from Wellesley College. Ms. Kramer has provided testimony regarding investment policy to the U.S. Senate and is a frequent speaker on the markets, portfolio management and securities fraud and compliance. Ms. Kramer is also the author of “Ahead of the Curve” (Simon & Schuster 2007) and “The Little Book of Big Profits from Small Stocks” (Wiley 2012).