|Bid||6.38 x 800|
|Ask||6.40 x 1000|
|Day's Range||6.40 - 6.87|
|52 Week Range||1.30 - 9.99|
|Beta (3Y Monthly)||4.38|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||7.67|
Ryan McQueeney and Maddy Johnson discuss earnings results from Netflix and the big U.S. banks. The hosts also remember the legacy of Jack Bogle and chat about several new cannabis industry deals.
CORAL GABLES, FL / ACCESSWIRE / January 18, 2019 / Marijuana stocks have become one of the hottest topics in the news over the course of the past few years. In terms of the US cannabis market, several states have led by example, in terms of how positive legalization can be on a widespread scale. ParcelPal Technology Inc (PTNYF) (PKG), Emblem Corp (EMMBF), Aurora Cannabis Inc (ACB) (ACB), and New Age Beverages Corp (NBEV) are 4 pot stocks worth looking into on Friday.
HENDERSON, NV / ACCESSWIRE / January 18, 2019 / After some struggles in 2018, cannabis stocks are back in full force in 2019. Many stocks have erased their losses, or close to it. One cannabis play that ...
It's gimmicky to be sure. Yet, it's also brilliant. On Wednesday, New Age Beverages (NASDAQ:NBEV) unveiled a new line of cannabis-infused drinks that will utilize the name and fame of late reggae star Bob Marley to launch Marley+CBD. The agreement pairs a niche maker of teas and flavored waters with a well-known entertainer who is widely remembered as a fan of marijuana. The news wasn't terribly surprising, given the response from NBEV stock owners. Shares were up slightly in front of the announcement that a conference call had been scheduled to discuss then-unknown news, and New Age Beverages stock actually fell once investors learned of the new product and label. This is a development, however, that may need a slow burn to fully demonstrate the potential of a Marley-branded, cannabis-based drink. NBEV could be a good buy for investors interested in pot stocks, but hesitant about a pure-marijuana play. InvestorPlace - Stock Market News, Stock Advice & Trading Tips ### Sign of the Times In some regards this was inevitable. * 10 Growth Stocks With the Future Written All Over Them Last year was a huge year for cannabis, with sweeping legalization in Canada -- though cannabis drinks are not yet legal in Canada -- and legalization progress in the United States. Partnerships began taking shape in earnest, with some major names showing interest in the business without even knowing exactly how they could or should plug into the legalized marijuana market. Constellation Brands (NYSE:STZ) was arguably the first big name to take the plunge, making a modest investment in Canada's marijuana producer Canopy Growth (NYSE:CGC) early last year and then upping that investment to a $4 billion, 38% stake in August. Anheuser Busch (NYSE:BUD) forged its tie-up with Tilray (NASDAQ:TLRY) in December to explore the development of THC and CBD-infused beverages. Even PepsiCo (NASDAQ:PEP) has acknowledged it's mulling the possibility. ### Marley+CBD Enters a Crowded Market The first product to launch under the Marley+CBD label will be relaxation drink Mellow Mood, soon to be available Colorado, Oregon, Washington, and Michigan. The 15.5 ounce can will contain 25 milligrams of cannabidiol, which does not cause a 'high' like THC (tetrahydrocannabinol) does, but still offers a variety of physical benefits The company implied that more Marley+CBD beverages may be on the way. Investors shouldn't think, however, that New Age Beverages has beaten bigger, better-funded players to the market. The cannabis-based beverage market is already fairly crowded. Tinley, Level+, Dixie, Stillwater, Mood33, Mad Hatter and Brewbudz are just some of the brands of CBD and THC-infused drinks already available, where such beverages are legal. In fact, New Age itself already launched a cannabis-infused drink back in October. The existing and future competitors within the CBD beverage market are a reflection of growing demand. Still, the Marley name is a powerful one, as is the New Age Beverages moniker. ### Modest Market Size In 2017, it was estimated that the legal marijuana market was worth $9 billion.That was before Canada legalized it, and with only a handful of U.S. states on board. By 2022, as pot is legalized in more places, the market could grow to $23 billion. Of those figures, the vast majority of the money has been and will be spent on dry leaf, for smoking. Canaccord estimates that by 2022, the THC-infused beverage market will still only be worth $340 million per annum, while the CBD-infused drinks market will only be worth $260 million. And, cannabis-infused beverages are also expected to make up only a fifth of the entire edibles market. ### Bottom Line for NBEV Stock Though competitors lie ahead in what will indeed likely be a modestly-sized market, New Age Beverages has the advantage of an established distribution channel, at least a little influence within the industry and a brand name linked to a prolific supporter of marijuana that helped reduce the stigma of its use. * 7 Stocks to Buy as the Dollar Weakens In that light, New Age Beverages may have just become one of the top names to beat within the niche. Though NBEV stock hasn't responded especially well to the news yet, time could still prove the full potential of the new product to skeptical investors. As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can follow him on Twitter, at @jbrumley. ### More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Growth Stocks With the Future Written All Over Them * 7 Reasons Why Buffett's Bet on Apple Stock Is a Good One * 10 Companies That Could Post Decelerating Profits Compare Brokers The post Cannabis-Infused Drinks Are a Slow Burn for NBEV Stock appeared first on InvestorPlace.
Nike Unveils Back To The Future II Self-Lacing Shoe 3 Years Too Late The self-lacing shoes popularized by Marty McFly in Back To The Future II have finally arrived, though three years later than the movie originally envisioned. Nike’s (NYSE:NKE) Adapt BB basketball shoes automatically resize themselves to the wearer’s foot, with the size being […] The post Market Morning: Self-Lacing Nikes, Cheers to Bob Marleys, SocGen Warns, BlackRock Calls A Bottom appeared first on Market Exclusive.
Both Governor Andrew Cuomo and U.S. Attorney General nominee Bill Barr have come out in support of legalization. "Legalization has spread across many, many states," Bharat Vasan, CEO of cannabis company PAX Labs told Kevin Curran of Real Money.
believes it has a jump on the CBD-infused beverages market in the U.S. after signing an agreement to develop and distribute Bob Marley branded cannabis-infused beverages. The company said the deal with the estate of the deceased reggae legend leverages its own global retail distribution footprint with the brand recognition and popularity of the Bob Marley name and legacy to sell the new drink, which was introduced earlier this week. "Retailers and distributors realize that it will be a long road for smaller CBD brands to gain traction and brand equity.
New Age Beverages Corp signed a partnership with Docklight Brands, which owns a portfolio of cannabis brands, including Marley Naturals, The Goodship Irisa, Dutchy and Headlight. Under the terms of the agreement, New Age Beverages will develop a line of CBD-infused beverages under the Marley+CBD brand. Marley is a brand that was created in partnership between reggae legend Bob Marley's family and cannabis-focused private equity firm Privateer Holdings, which backs Docklight Brands.
Ryan McQueeney covers the latest Brexit news and Snap's executive exodus. He also recaps earnings results from Goldman Sachs, Bank of America, and United Air Lines. Later, he discusses a busy week for deals in the cannabis industry.
CORAL GABLES, FL / ACCESSWIRE / January 16,2019 / Marijuana stocks have been anything but safe over the course of the past year to two years, during the course of which top players in the cannabis industry saw huge boosts in investor interest. With the new year in full swing, Leafbuyer Technologies Inc (LBUY), New Age Beverages Corp (NBEV), Canopy Growth Corp (CGC) (WEED.TO), and Tilray Inc (TLRY) are 4 pot stocks that could make moves on Wednesday. The Company has been referred to as the "Priceline of Pot" by several sources, and similarly to the site which provides travel deals, Leafbuyer is the most comprehensive online source for cannabis deals and specials.
DENVER, CO / ACCESSWIRE / January 16, 2019 / New Age Beverages Corporation (NASDAQ: NBEV), the Colorado and Utah-based organic and natural beverage company intending to become the world's leading healthy beverage company, today announced the signing of an agreement to develop and distribute Marley branded cannabis-infused beverages. New Age expects to expand distribution of the Marley+CBD brand to additional markets as the regulatory landscape allows.
If this were 2011, 2013, 2015 or even 2017, the rise of New Age Beverages (NASDAQ:NBEV) would stand on its own as an outstanding investment opportunity. But it's 2019, and with the big bull market over, a company that makes coconut watermelon sodas, cold brew coffee, kombucha and tea looks a lot more speculative … … Especially when you throw marijuana into the mix, which helped NBEV stock surge roughly 350% since mid-September. Still, NBEV stock has been on a tear recently, even while the rest of the market was running from the bears. Since the Christmas Eve market massacre (which some analysts now call the bear market bottom) shares in NBEV are up 47%, and opened Tuesday at $7.45 per share, with another speculative run expected. InvestorPlace - Stock Market News, Stock Advice & Trading Tips Is it really time to pay 10 times revenue for a company that makes niche drinks? ### It's a New Age New Age Beverages' management is led by Brent Willis, who has run private equity-based companies for many years and knows his way around a deal. Deals are what a fast-growing company like New Age are all about, like a distribution agreement for Sunshine Beverages, which makes what it calls "good energy" drinks using ingredients like Clementine oranges, ginger and blueberries. * 8 Dividend Stocks With Growth on the Horizon The biggest deal for New Age, however, came in December, when it bought Morinda Holdings of Utah for $85 million; $75 million of it in cash. Morinda uses multi-level marketing to get its product into consumers' hands, which includes its Tahitian noni juice products. Noni juice, derived from a tree native to Southeast Asia, is said to have wide-ranging health benefits and has been re-engineered by Morinda to improve the taste. Before the deal, Morinda was claiming sales of $500 million but wasn't sharing its figures publicly. New Age had revenues of $52 million in 2017 and was on pace to only match that in 2018. With Morinda, New Age now claims it will have a run rate of $300 million in sales during 2019, with operations in over 60 countries. Then there's marijuana. Pot helped fuel New Age's gains in 2018, as it prepared to sell water with cannabidiol (CBD) added to it, which, thanks to the passage of the farm bill, could be on store shelves near you soon. ### The New Age Hype What NBEV stock bulls harp on is the company's revenue growth and gross profits. For the first nine months of 2018, New Age had revenues of $38 million, and gross profits of about $7 million. Growing to $300 million would be massive, and the company claims the Morinda deal will provide $10 million in cost and revenue synergies. The hype train claims you already have a $300 million company, preparing to enter a marijuana market where companies often trade for over five times revenue, and how can you lose? Well, you can. Morinda's health claims may not be all they appear to be, especially if they're using multi-level marketing. New Age Beverages existing lineup is extremely niche (grapefruit-sage kombucha?). And the idea of putting CBD into sodas sounds, at minimum, speculative, considering the unregulated nature of the CBD industry. As for health benefits, the only actual, FDA-approved treatment, Epidiolex, is for epilepsy, which GW Pharmaceuticals (NASDAQ:GWPH) owns. Any other claim is speculative at best, bogus at worst. ### Bottom Line on NBEV Stock It is often noted that Coca-Cola (NYSE:KO) started life in the 1880s as a patent medicine containing cocaine, which wasn't removed until the first decade of the 20th century. The fizzy water business, in other words, has a checkered history. New Age is a hark back to that history. In order to create new niches, and grab new consumers, the company is throwing lots of strange and interesting drinks at people and making some big claims. If Morinda has a stable business; if New Age Beverages can get out a legit CBD beverage; if it can build its distribution; if it can scale globally … only then is NBEV stock a bargain. * Teladoc Stock Is a Victim of the Market, Not a Bad Buy That's a lot of "ifs." Is 2019 really the year you invest in an "if" stock? Dana Blankenhorn is a financial and technology journalist. He is the author of a new mystery thriller, The Reluctant Detective Finds Her Family, available now at the Amazon Kindle store. Write him at firstname.lastname@example.org or follow him on Twitter at @danablankenhorn. As of this writing, he owned no shares in companies mentioned in this article. ### More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Companies That Could Post Decelerating Profits * 10 A-Rated Stocks the Smart Money Is Piling Into * Mizuho: 7 Long-Term Value Stocks to Buy Now Compare Brokers The post New Age Beverages Is 2019's "If" Stock appeared first on InvestorPlace.
HENDERSON, NV / ACCESSWIRE / January 15, 2019 / Below are some of the better opportunities on the cannabis market for investors. One we like a lot isn't even technically a cannabis company at all. Clean ...
DENVER, CO / ACCESSWIRE / January 15, 2019 / NEW AGE BEVERAGES CORPORATION (NBEV), the Colorado and Utah-based organic and natural beverage company intending to become the world's leading healthy beverage company, today announced that it will hold an investor conference call on Wednesday, January 16, at 8:30 AM EST to provide a special business update on a new relationship and material opportunity. The conference call will be broadcast live and available for replay via the investor relations section of the Company's website at www.newagebev.com. A replay of the conference call will be available on the Company's website on the following day through April 17, 2019.
It was a mellow day on Wall Street, with stocks giving up just some of the gains from over the past few weeks. Overall though, bulls have to be satisfied with the way the market has held up since its post-Christmas lows. With earnings season just beginning, there are plenty of top stock trades to keep an eye on. ### Top Stock Trades for Tomorrow #1: Citigroup Banks are the unofficial start to earnings season and this month, the sector led off with Citigroup (NYSE:C). Shares jumped 4% in response to the company's earnings beat, despite missing on revenue expectations as sales decline 2.2% year-over-year (YoY). InvestorPlace - Stock Market News, Stock Advice & Trading Tips The stock's cheap but the action's been ugly. It's my opinion that the sector came under too much heat unless we're heading for a recession, which doesn't seem to be the case at the moment. More than 20% off its lows right now and running right into the 50-day moving average, C stock is in a precarious spot. Bulls will want to see it push through the 50-day as well prior downtrend support to keep the rally going. Should C fail, they want to see the 21-day hold as support and at the very least, they cannot see Citi make new lows. * 7 Stocks to Buy That Are Run By Billionaires Above resistance and $66 is on the table. ### Top Stock Trades for Tomorrow #2: Lululemon Athletica Shares of Lululemon Athletica (NASDAQ:LULU) saw a nice 5.5% bump on Monday after the company raised guidance. However, its gains were cut down dramatically from the session high. (Is it heading it $200 now?) On the plus side, LULU has put in a couple of higher lows (purple arrows) since its December low. Further, the stock jumped over downtrend resistance (blue line). However, after a quick rally through the $140 level, LULU stock is now having trouble with that mark. For the bulls to stay in control, the stock needs to stay above prior downtrend resistance and ideally see shares rally over $140. Over $140 and $150 is on the table. Above $150 and the highs near $165 are possible. Below $135 (downtrend resistance) and that second higher low is on deck. That would be bearish to see LULU fall below it, especially after it updated guidance on Monday. ### Top Stock Trades for Tomorrow #3: PG&E Shares of PG&E (NYSE:PCG) are plunging on Monday, down more than 50% after reports hit about the company's plan to file for bankruptcy. Throwing around the "B-word" is obviously a big negative catalyst for a stock price. It goes without saying, please don't bottom fish this one. PCG is bad news and even if it doesn't end up bankrupt, there are plenty of other better utility stocks to choose from. Or plenty of other stocks in general to choose from. Avoid PG&E. ### Top Stock Trades for Tomorrow #4: Nio Nio (NYSE:NIO) popped early on the day, but is struggling to hold onto its gains, up just 3.5% on the day. The stock pushed through its 21-day and 50-day moving averages as well as downtrend resistance before pulling back. The stock is now only holding over the 21-day moving average. It would be bullish to see Nio stock push back through the 50-day moving average and downtrend resistance this week, giving it a shot to rally up to $8. Should Monday's rally fail to hold and Nio stock pulls back, look to see $6 hold as support. ### Top Stock Trades for Tomorrow #5: New Age Beverages For those that were in that New Age Beverages (NASDAQ:NBEV) long trade from last week, it didn't take long to get our big move. Shares are up 18% on Monday. * 10 A-Rated Stocks the Smart Money Is Piling Into I am comfortable booking profits, but for those that want to let it run, let's use a ~$7.00 stop-loss. Just don't let this big winner turn into a loser. Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell did not hold a position in any of the aforementioned securities. ### More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Key Emerging-Market Stocks to Buy for Contrarian Investors * 7 Stocks at Risk of the Global Smartphone Slowdown * 7 Pharmaceutical Stocks That Just Raised Prices This Year Compare Brokers The post 5 Top Stock Trades for Tuesday: Citigroup Earnings, Lulu Guidance appeared first on InvestorPlace.
HENDERSON, NV / ACCESSWIRE / January 14, 2019 / This year could be a big one for marijuana edibles. With hemp recently being legalized in the U.S. and Canada, many in both countries are expecting to legalize ...
While down slightly on Friday, the stock market has done a pretty good job of not giving up its gains from this multi-week rally. Now investors are starting to wonder just how much higher we can go without a correction. Let's look at a few of Friday's top stocks to get an idea of what's moving and what to watch for Monday morning. ### General Motors (GM) Shares of General Motors (NYSE:GM) are experiencing a nice surge on Friday, jumping more than 8% and hitting $38. Can it get over this mark? That level has become notable over the past 15 months, but that doesn't mean it will act as resistance. After all, GM raised its 2018 outlook and provided a much better-than-expected outlook for 2019. Shares are not yet overbought, so if GM can continue higher on Monday or Tuesday, it will likely draw in buyers once it's over that mark. InvestorPlace - Stock Market News, Stock Advice & Trading Tips * InvestorPlace Roundup: The Hottest Stocks in the Market Today As long as it stays over the 200-day, I like GM over a long-term outlook. ### Activision Blizzard (ATVI) Click to Enlarge Unlike GM, it was a bad day in the C-suite for Activision Blizzard (NASDAQ:ATVI). Shares tumbled almost 10% following some bad news about one of the company's largest game franchises. We're using a weekly chart above, but the daily chart showed a clean rally up to the 50-day moving average and a swift denial. We can see the same thing on the chart above, once ATVI was rejected from its 10-week moving average. It also failed to get back above its 200-week moving average, another unattractive development. In any regard, it continues to hold up over $45. Should ATVI lose this level, I have no interest in it on the long side -- not that I have much conviction in the first place. I would consider a short position on a close below $45, targeting at least last month's lows for a quick trade. Above the 200-week and I would get more interested from the long side. ### Tilray (TLRY) Click to Enlarge We recently took a closer look at Tilray (NASDAQ:TLRY), looking for a possible breakout to $100 per share. At that mark now, some investors may consider taking profit. I would at least reduce my long position had you got in around this time. Should the cannabis space continue with its recent momentum, perhaps TLRY will have room up to $120. Bulls may consider using a close below the 50-day as their stop-loss. Just don't let this big winner turn into a loser. ### New Age Beverages (NBEV) Click to Enlarge Speaking of strong cannabis stocks, could New Age Beverages (NASDAQ:NBEV) be the next big mover? Shares have been trending higher and are above all three major moving averages. More importantly, it keeps butting up against downtrend resistance and a large breakout could be looming. Should it do so, traders could look at $7 as their first target and re-evaluate from there. It's a great risk/reward setup for bulls. ### Visa (V) Click to Enlarge Visa (NYSE:V) is a long-term winner and I love its tollbooth-like business model. While falling gas prices won't do V any favors, strong holiday spending and record online sales bode well for credit card companies. Shares are technically holding up above downtrend resistance (blue line), but are also just over the 50-day and 200-day moving averages. That bodes well for the stock and puts a move back into the $140s on the table. Should it break down, bulls can use this trend line and these moving averages to limit their risk. If long-term investors are lucky, they'll get V on another pullback to ~$123. If support fails, see how the $130 to $133 levels holds up. Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell is long V. ### More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Stocks You Can Set and Forget (Even In This Market) * 10 Virtual Assistants for the Future of Smart Homes * 7 5G Stocks to Buy as the Race for Spectrum Tightens Compare Brokers The post 5 Top Stocks to Trade Monday -- GM's Guidance, Cannabis Stocks appeared first on InvestorPlace.
Mugglehead believes this year could be a big one for marijuana edibles. With hemp recently being legalized in the U.S. and Canada expecting to legalize edibles sometime this year, there could be significant growth opportunities for cannabis stocks this year. Alkaline Water Company Inc (WTER.V) (WTER) is in prime position to take off at a moment's notice.
CORAL GABLES, FL / ACCESSWIRE / January 11, 2019 / The cannabis industry has been notoriously successful over the course of the past several years. With the recent increase in capital and sheeramount businesses entering the market, the nascent sector has seen unprecedented growth in marijuana stocks. As public opinion surrounding cannabis becomes increasingly more favorable, the marijuana industry may begin to present an appealing opportunity for investors looking into space. ParcelPal Technology Inc (PTNYF) (PKG), Canopy Growth Corp (CGC) (WEED.TO), Tilray Inc (TLRY), and New Age Beverages Corporation (NBEV) are 4 pot stocks that are heating up on Friday.
The functional-beverage specialist more than doubled last year, and it's racing higher in 2019. A few important things can keep the rally going.