Connect with us

Money

Cannabis Scorecard: Top 5 Stocks Gained Over 15% This Month

Published

on

With cannabis stocks beating the stock market by a whopping 221% this year, the industry is riding a high. The United States Marijuana Index has gained over 160% in the last 12 months. With legal cannabis spending expected to rise to $32B in 2022, and Canada set to legalize cannabis usage tomorrow, it seems like a good time to invest in the world’s most popular recreational drug.

Here, we look at the top 5 marijuana stocks and their performance this month.

Canopy Growth

Marijuana stocks rallied yesterday after Canopy Growth [CGC] announced its acquisition of hemp company Evergreen. This acquisition will most likely help Canopy to expand into consumer products.

Shares of Canopy Growth surged 14% yesterday to close at $56.89.

Market Cap: 13.09B

Gain in Oct.: 17%

Total Gain in $ for 2018: $7.6B

Tilray

Tilray [TLRY] was listed on NASDAQ in July this year and has been volatile since its IPO. The stock rose 11.7% yesterday to close at $165.64. Tilray was the first cannabis company to be listed on a major US exchange.

While Tilray has not ventured into recreational sales, it is a major player in the medical cannabis space. Tilray’s subsidiary (High Park Holdings) announced three new brands for the Canadian markets.

Market Cap: 15.4B

Gain in Oct.: 15%

Total Gain in $ for 2018: $13.3B

Cronos Group

Shares of Cronos Group [CRON] climbed over 19% yesterday to close trading at $11.74. The company announced a partnership with a tech institute in Israel where researchers will look at the potential advantages of using cannabinoids products for skin and health related diseases.

Market Cap: 2.1B

Gain in Oct.: 5.6%

Total Gain in $ for 2018: $720M

MariMed

MariMed [MRMD] has been one of the most attractive penny stocks. MariMed is traded over the counter and has risen from $0.37 to $4.86 in the last one year. MariMed reported revenue of $5M in the first half of 2018 and managed to generate impressive operating profits of $1.1M.

Market Cap: 948.81M

Gain in Oct.: 30%

Total Gain in $ for 2018: 814M

Aurora Cannabis

Aurora Cannabis [ACBFF] is one of the bigger players in the cannabis space. The company will shortly begin trading on the New York Stock Exchange.

The stock rose a significant 11% yesterday to close trading at $11.68.

Market Cap: 11.2B

Gain in Oct.: 22%

Total Gain in $ for 2018: 3.9B

Money

3 Ways To Invest From Your Smartphone For Under $5

Published

on

The numbers say 80% of millennials don’t invest in stocks.

Reason? Half say they don’t have money, one-third says it’s too early and another third says they don’t know how.

In addition to that, there’s demographic gap. “The average age of a financial advisor is 55,” said Douglas Boneparth, a New York City-based financial planner. “There are more financial advisors over the age of 70 than there are under 30.”

Despite these beliefs, you don’t really need much money, nor experience, to get started. (Just look at our fearless co-founder Odunayo Eweniyi and what she’s pulled off here)

Be that as it may, here are three ways to get started for $5 or less.

1. Stash

Image result for stash app

What: A micro-investment app (iOS and Android) with over 30 ETFs according to industry, sector and risk tolerance.

How it works: Download the app and choose your investment.

Minimum investment: $5

Cost: Fees range from $1 a month for accounts under $5,000 to 0.25% a year.

“We help people who don’t have a lot save money on a weekly basis,” CEO and co-founder Brandon Krieg said in one interview. “Stashers look like America, they look like people you meet every day: they are nurses and teachers and Uber and Lyft drivers.”

2. Acorns

 

What: iOS and Android app.

How it works: Download the app and choose one of six index funds. When you buy, say a cup of coffee for $1.75, it rounds up the change to $2 and deposits the difference.

Minimum investment: $5

Cost: Just like Stash, fees range from $1 a month for accounts under $5,000 to 0.25% a year.

“We’re not trying to preach austerity to the client, because that’s a bummer,” CMO Manning Field says. “Some people will say, ‘Don’t have the cup of coffee.’ We’ll tell you to have the cup of coffee and invest along the way.”

3. Robinhood

What: A commission-free investment app (iOS and Android).

How it works: Download and start buying stocks.

Minimum investment: Whatever stock you want to buy.

Cost: Free.

And by the way, if you want to get a fast start on real estate, here’s Forbes’ list of nine REITs with yields between 8% and 10%.

Continue Reading

Money

CHART: How Blockchain Powers Bitcoin

Published

on

Blockchain, Bitcoin. Bitcoin, blockchain.

The two terms go hand in hand—and have become almost ubiquitous with this year’s insane rise (and fall) of Bitcoin.

But what does it all really mean? How does it come together? In this week’s chart, our friends at CB Insights break down exactly how blockchain powers Bitcoin.

Continue Reading

Money

VIDEO: Shark Tank’s Mr. Wonderful Demonstrates Compound Interest

Published

on

How young should your children be when you start teaching them about money? How should I teach my children about money?

The key to children and money is explaining what it is to them early in life. Shark Tank’s Mr. Wonderful, Kevin O’Leary, answers all these questions with this tip on explaining compound interest to your kids.

Continue Reading

Trending