Hilary Kramer
What Wells Fargo’s Credit Freeze Tells Us About Earnings Season
Since the pandemic started twisting consumer finances, I have been watching the credit markets especially closely for the faintest hint of strain. I’m evidently not alone. This week’s news that Wells Fargo & Co. (NYSE:WFC) is terminating all consumer credit lines raised plenty of eyebrows across Wall Street, especially with an earnings report right around […]
Cannabis Corner: Enduring a Test of Nerve
You know the pattern. Big Cannabis soars for weeks on end, then spends a similar amount of time correcting course. This is the correction. Aurora Cannabis Inc. (NYSE:ACB), Canopy Growth Corp (NYSE:CGC) and other cultivators are down another 4% to 5% this week. Rival Tilray Inc. (NASDAQ:TLRY) is down 12%, pulling the entire group down. […]
Selling Lamps to the Growers
Once again, Big Cannabis is swinging wide in the absence of compelling negative news. People are simply hungry to short stocks like Aurora Cannabis Inc. (NASDAQ:ACB) and Canopy Growth Corp (NASDAQ:CGC). They say it’s too easy. I agree. Any time Wall Street gives you a trade opportunity that looks too good to be true, you […]
The Real Reason That Stocks Like Tesla And Palantir Are a Rollercoaster Ride
There’s more noise around Wall Street than ever before. It’s going to get worse once earnings season starts in a few weeks. Especially where volatile stocks like Tesla Inc. (NASDAQ:TSLA) and Palantir Technologies Inc. (NYSE:PLTR) are concerned, it’s essential to be able to distinguish empty chatter from real market-moving news. Yesterday, for example, PLTR dropped […]
Why I Like the Banks Going Into Earnings Season
Until the Fed tapped the brake last week, Wall Street’s appetite for financial stocks was out of control. I did not mind. My subscribers were making good money buying puts against the big banks, as well as the sector as a whole. Now, however, the pendulum has swung. Financial stocks plunged 9% after the Fed […]
Cannabis Corner: Sustainable Gains
Volatility is both the delight and the curse of cannabis investing. When these stocks soar, shareholders feel more than a little giddy, but the retreats can be scary enough to make you check your nerve. The last few months have given us both sides of that rollercoaster. Six weeks ago, stocks like Aurora Cannabis Inc. (NYSE:ACB) and Canopy […]