|Bid||21.33 x 4000|
|Ask||21.57 x 2900|
|Day's Range||21.19 - 21.78|
|52 Week Range||10.26 - 24.02|
|Beta (5Y Monthly)||0.50|
|PE Ratio (TTM)||156.87|
|Forward Dividend & Yield||0.14 (0.66%)|
|Ex-Dividend Date||Nov 13, 2019|
|1y Target Est||24.68|
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.
Kinross (KGC) expects the acquisition to build on its operational and development experience as well as successful 25-year track record in Russia.
PPG Industries' (PPG) Performance Coatings unit gains from cost management and higher selling prices, which were partly offset by general cost inflation.
Dow (DOW) expects the partnership with Avangard Innovative to offer consistent processing, and reliable supply of PCR-based LLDPE and LDPE to its customers across North America.
Teck Resources' (TECK) latest acquisition aligns with its approach to work with shareholders, in order to develop post-mining land uses ranging from wildlife habitat to economic diversification.
Per Kirkland Lake Gold (KL), the surge in production at Fosterville reflects on increased in tons processed as well as higher average grades and improved recoveries.
DuPont's (DD) acquisition of four clean water technologies is in sync with its strategy of becoming the leading water technology supplier to better serve changing customer needs globally.
Commercial Metals (CMC) poised to benefit from strong rebar-margin environment, construction activity in the United States and positive momentum in the Poland operations.
The exchange offers and consent solicitations are conditional upon the consummation of the pending acquisition of AK Steel by Cleveland-Cliffs (CLF) pursuant to the merger agreement.
Celanese's (CE) ethylene-based VAM technology awarded "Green Technology" designation due to its low carbon emissions, low content of heavy components, low energy consumption and high product quality.
Silver stocks, which are primarily involved in mining, are driven by their use in a wide range of industrial processes, and also by the metal's traditional role, along with gold, as a safe haven asset. Silver stocks' performance also is driven by the yield on bank CDs or Treasury bonds. All the silver companies in this report are headquartered in Canada and the primary trading venue for their shares is the Toronto Stock Exchange, but they also trade on U.S. exchanges.
Air Products' (APD) Freshline QuickChill Injector helps minimize chilling time and increase the throughput of a variety of liquid products.
With the latest capacity additions, LyondellBasell (LYB) has provided license to more than 8000 KTA of benchmark multi-modal HDPE resins.
In AABC Europe, PPG Industries (PPG) expects to feature its solutions to improve electric-vehicle battery performance, durability, safety and costs for its customers.