|Bid||28.71 x 38500|
|Ask||28.72 x 46000|
|Day's Range||28.65 - 28.99|
|52 Week Range||20.14 - 30.96|
|PE Ratio (TTM)||N/A|
|YTD Daily Total Return||-1.33%|
|Beta (5Y Monthly)||0.12|
|Expense Ratio (net)||0.53%|
I never thought I'd say this given the destruction wrought in marijuana stocks over the past year. But, I'm now a fan of bull trades. It wasn't a change in fundamentals that sparked the switch, but a change in price behavior. I've surveyed every sector, and cannabis stocks are flashing some of the top trades for the week.What began as a subtle bottoming formation has grown into an influential trend reversal with significant implications.Cannabis stocks have long held the possibility for eye-popping gains. But, as is often the case, the hype outran reality, resulting in a nasty comeuppance for speculators caught chasing the bubble last year. From their peaks, the stock prices of industry leaders like Canopy Growth Corp (NYSE:CGC), Cronos Group (NASDAQ:CRON), Tilray (NASDAQ:TLRY) and Aurora Cannabis (NYSE:ACB) have fallen anywhere from 76% to 95% from their 2018 highs.InvestorPlace - Stock Market News, Stock Advice & Trading TipsBut last week, the lot of them (sans Aurora -- it still looks terrible) suddenly surged. The massive influx of buyers suggests the worst could be over, and momentum is back, baby! * The Top 5 Dow Jones Stocks to Buy for 2020 Let's take a closer look at three of the top pot stocks to trade. 3 Top Pot Stock Trades for This Week: Canopy Growth Corp (CGC)Source: The thinkorswim® platform from TD Ameritrade Peak-to-Trough Decline: 77%Canopy Growth shares saw capitulation following November's earnings report. Given the groundswell in volume and mass number of weak hands shaken out, not to mention the influx of buyers on the subsequent snapback, I suspect last year's lows near $14 will spell the bottom for the foreseeable future.The six weeks of consolidation that followed without CGC making a new low helped confirm that the bottom was likely in. The multiple accumulation days cropping up also helped reveal institutions were circling the wagons.This week, bulls abandoned subtlety and cannonballed into the water. Horizontal resistance gave way at $22, creating a game-changing breakout. With momentum traders now flocking, you should view weakness as a gift to be bought.Buy CGC via stock, calls, or call spreads with a stop under $22. Cronos Group (CRON)Peak-to-Trough Decline: 76%Cronos Group is following in Canopy Growth's footsteps. Though its rebound hasn't been as vigorous, there's no denying buyers now hold the upper hand for the first time since early 2019. The turnabout has been virtually textbook. First, momentum slowed. Then the 50-day and 20-day moving averages flattened out. Accumulation days made an appearance, showing demand bubbling beneath the surface.Finally, buyers threw caution to the wind and jammed CRON stock higher this week, blasting through critical resistance at $7.75.Though we could use a few more days of pausing to digest the gain better and establish a high base pattern, I don't know if bulls will allow the rest. Look for a breakout over $8.80 to signal that the next stage of its recovery has begun. * 10 Cheap Stocks to Buy Under $10 CRON stock is cheap enough to play the stock outright. No need to complicate matters with options. Tilray (TLRY)Source: The thinkorswim® platform from TD Ameritrade Peak-to-Trough Decline: 95%Tilray rounds out today's trio and is the most insane of the bunch. Only a select few stocks still trading can say they've fallen 95% over eighteen months. Given the destruction, you may wonder if it's wise to play with TLRY at all. It's a volatile beast, no doubt, but when things are swinging in your favor, profits accumulate quickly.TLRY stock is seeing a mass influx of buyers right now. This week's volume was the highest of the past year and signals big buyers are stepping back in. While this rebound could suffer the fate of so many of its predecessors (that is, failure), I suspect the strength will persist long enough for tactical traders to capture profits.Buy TLRY over $22.52 with a stop under the 50-day moving average ($18.91).As of this writing, Tyler Craig didn't hold positions in any of the aforementioned securities. For a free trial to the best trading community on the planet and Tyler's current home, click here! More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * The Top 5 Dow Jones Stocks to Buy for 2020 * 7 Fintech ETFs to Buy Now for Fabulous Financial Exposure * 3 Tech Stocks to Play Ahead of Earnings The post 3 Top Pot Stock Trades for Next Week appeared first on InvestorPlace.
The gold related markets were outstanding in 2019. Gold shares were especially strong, leading the way for the entire sector, observe resource sector specialists Mary Anne and Pamela Aden, editors of The Aden Forecast.
The VanEck Gold Miners ETF (NYSEArca: GDX), the benchmark bullion miners ETF, isn’t known as a dividend destination. Those are the breaks when an ETF has a yield of around 0.40%, but GDX’s dividend outlook ...
Gold has long been regarded as a safe haven for investors in times of market turmoil. Many investors have gained exposure to the gold industry by investing in stocks of companies engaged in the exploration and mining of the precious metal.
The VanEck Gold Miners ETF (GDX) , the benchmark bullion miners ETF, surged nearly 40% last year as the yellow metal rallied and as miners shored about their balance sheets. In its “10 ETFs for 2020” forecast, ETF strategist Astoria Advisors included GDX, the largest miners ETF. GDX is one of two commodities ETFs on Astoria's 10 for 2020 list with the other being the GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF (COMB) .
Such gains could be spurred by gold purchases from central banks and other macroeconomic uncertainties following a U.S. military strike that killed the head of the Iranian military.
Precious metals choices feature funds, collectibles and bullion to give investors a variety of ways to ride the upward price trends of the shiny assets, explains Paul Dykewicz, editor of StockInvestor.com.
Precious metals-related exchange traded funds were leading the charge on Monday, with gold prices touching their highest level in six weeks as investors looked to the record rally in the equity markets ...
VanEck announced today the following 2019 annual distributions per share for its VanEck Vectors® equity exchange-traded funds.
The VanEck Gold Miners ETF (GDX) , the largest ETF dedicated to gold miners, is up 30.30% this year and one of the primary reasons for the fund's stellar showing is a spate of consolidation in the precious metals mining space. GDX is comprised of global gold miners, with a notable tilt toward Canadian and U.S. mining companies. Stock fundamentals like cost deflation across the mining industry, share valuations below long-term average and rising M&A are all supportive of the miners space as well, but those fundamentals could be glossed over if the dollar strengthens.
Below is a look at ETFs that currently offer attractive buying opportunities. The ETFs included in this list are rated as buy candidates for two reasons. First, each of these funds is deemed to be in an uptrend based on the fact that its 50-day moving average is above its 200-day moving average, which are popular indicators for gauging long-term and medium-term trends, respectively. Second, each of these ETFs is also trading below its five-day moving average, thereby offering a near-term 'buy on the dip' opportunity, given the longer-term uptrend at hand. Note that this prospects list also features a liquidity screen by excluding ETFs with average trading volumes below the one million shares mark. As always, investors of all experience levels are advised to use stop-loss orders and practice disciplined profit-taking techniques. To get access to all ETFdb.com premium content, sign up for a free 14-day trial to ETFdb.com Pro.
Technically speaking, each big three U.S. benchmark has ventured under major support amid an early-December market downdraft, writes Michael Ashbaugh.
Newmont Goldcorp Corp. said Monday it has set a $1 billion stock repurchase program, to be completed in the next 12 months. Based on Friday's stock closing price of $38.40, the program implies the buyback of up to 26 million shares, or about 3.2% of the shares outstanding. The stock rose 0.3% in morning trading. The gold miner also said Monday that it expects 2020 attributable gold production of 6.7 million ounces at an all-in sustaining cost of $975 per ounce, compared with the FactSet gold production consensus of 6.98 million ounces. Gold futures were down 0.6% at $1,463.60 an ounce in early trading. Longer term, Newmont expects attributable gold production of between 6.5 million to 7.0 million ounces through 2024. Newmont's stock has rallied 11.1% year to date, while the VanEck Vectors Gold Miners ETF has run up 28.0% and the S&P 500 has climbed 25.3%.
While most were preparing for Thanksgiving dinner on Thursday, palladium investors were feasting off gains as the precious metal reached $1,841. Analysts are already predicting that the precious metal ...
The past four months have been tough for gold stock traders.Source: Shutterstock It didn't matter if you were bullish or bearish on the sector. Gold stocks have frustrated both sides. Rallies have been short-lived, with each bounce topping out at a lower level than the previous peak. And, none of the declines have caused the sort of selling pressure that usually creates a good buying opportunity for the gold stocks. * 7 Stocks to Buy in December So, the sidelines have been the best place to be for the past few months…InvestorPlace - Stock Market News, Stock Advice & Trading TipsAnd, at least for the near future, the sidelines still look like the right spot.Look at this updated chart of the VanEck Vectors Gold Miners Fund (GDX)…GDX peaked in early September. It then fell all the way down near $26 per share. Ever since then, each rally has peaked at a lower level, and each decline has tested the same $26 level as support. This action has created a "descending triangle" pattern on the chart. It's a bearish pattern that usually breaks to the downside.There is room inside the pattern for GDX to bounce a bit in the very short term. But, unless GDX can break the pattern of lower highs and close above $27.70 or so, the gold sector has lower to go.Notice how all of the various moving averages (the squiggly lines on the chart) are in a bearish formation - with the 9-day exponential moving average (EMA) trading below the 20-day EMA, and the 20-day EMA below the 50-day moving average (MA). This condition is going to make it hard for the GDX to mount a sustainable rally. And, if GDX makes another lower high and then turns back down to test the $26 support level again, the odds are high that support will fail this time.GDX has tested the $26 level five times in the past three months. Each test weakens the support level a bit. It's like when a person jumps up and down on a frozen lake. Each jump cracks the ice just a bit, until the ice finally breaks.I suspect the next trip down to $26 will break the ice for GDX. At that point, GDX should quickly drop towards the next support level near $25. And, that move should create the sort of exhaustive, oversold conditions that often mark the bottom of a gold stock correction.For now… GDX will probably pop a bit higher in the days ahead. But, it will be a short-lived bounce. The gold sector still has lower to go. And, most traders should stay on the sidelines.Best regards and good trading,Jeff Clark Reader MailbagToday in the mailbag, subscribers disagree with Jeff's "insidious thoughts"…At times a brilliant man, Jeff Clark is carried away by impractical thoughts.Examples are:1\. His backing on Bitcoin. He has to save readers, not unintentionally push them into a deep river. 2\. His prediction that the market would crash on a Monday in October 2019.He has to curb these insidious thoughts.- RakeshJeff, I'm thinking you are a perma-bear. I can see you thought 3020 on the SPX was the turnaround. Guess what? You got it so wrong.- JohnDo you see the same downside ahead in the market that Jeff does? Or will the bull market just keep running higher?Send your thoughts - along with any comments or questions - to firstname.lastname@example.org. In Case You Missed It…Available Now: New Retirement Blueprint from America's Most Trusted Options TraderFor the past 36 years, Jeff Clark has helped people retire wealthy… But he hasn't done it the usual way.He uses options.Options probably seem risky. Reckless, even.But his options strategy is different - unlike anything you've probably seen before.It helped him retire at 42. And thousands of others have used it to make $10,000… $100,000… even $1 million or more - in some rare cases.Which is why he's offering his never-before-released blueprint… and a year of his guidance… for just $19.Click here for all the details. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Stocks to Buy in December * 7 Unsteady Stocks Investors Should Consider Selling Before 2020 * 7 Entertainment Stocks to Buy to Escape Holiday Blues The post Jeff Clark's Market Minute: The Ice Is Almost Broken appeared first on InvestorPlace.
VanEck announced today preliminary yearend distribution estimates for its VanEck Vectors® exchange-traded funds.
Gold prices are soaring above $1,500 an ounce -- as political and trade uncertainty remain heading into 2020. Todd Shriber, staff writer at Benzinga joins Yahoo Finance's Seana Smith to discuss on The Ticker.