🦉 Three Reasons It’s Time To Get Bullish On Organigram
Three Reasons It's Time To Get Bullish On Organigram. The AP Interview: IMF head urges China to end mass lockdowns. Is Snowflake Poised for A Rebound After Its Recent Tumble?.
Equity markets tread water on Tuesday ahead of remarks expected from Fed Chief Jerome Powell. Mr. Powell is expected to comment on inflation and could give insight into when and how high inflation will peak. There is a growing expectation on Wall Street the Fed Chief will both raise the target for peak inflation and extend the duration that it lasts. If this is the case the S&P 500 will most likely begin correction once again.
Also on tap this week, the PCE price index. The PCE price index is expected to cool on a month-to-month basis but should remain high and in-line with current FOMC expectations. The risk is the PCE will affirm the expectation for higher inflation that lasts longer, an event that will seal the deal on the S&P 500's next move.
Investing in pot stock has been one wild ride for Organigram (NASDAQ: OGI). The industry got off to a rip-roaring start, saw its value increase meteorically, and then slowly faded away as the hopes and dreams of cannabis profits slipped away. Now, roughly 4 years since the legalization of adult-use cannabis in Canada, it looks like it might be time to get bullish on Organigram again. The company, among the best-run since the beginning, has been working tirelessly to grow and reach profitability and it is as close as it has ever been. Among the Q4 2022 achievements are the 3rd consecutive qua...
We are in a global lithium crisis that's going to get far worse. Just like OPEC and Russia control the price and supply of oil and gas, China has the U.S. in a chokehold when it comes to lithium.
It is time for China to move away from massive lockdowns and toward a more targeted approach to COVID-19, the head of the International Monetary Fund said days after widespread protests broke out, a change that would ease the impact to a world economy already struggling with high inflation, an energy crisis and disrupted food supply. IMF Managing Director Kristalina Georgieva urged a "recalibration" of China's tough "zero-COVID" approach aimed at isolating every case "exactly because of the impact it has on both people and on the economy." Georgieva made the comments in a wide-ranging interview Tuesday with The Associated Press in which she also cautioned it is too early for the U.S.
Cloud computing investors will be cautiously waiting for Snowflake, Inc. (NYSE: SNOW) to post their most recent earnings results, later this week. This could help to clarify what to expect from cloud computing growth moving forward, especially in anticipation of other, larger firms, who will not report again until early next year. Snowflake Skyrocketed to the Top But Has Fallen Significantly Since Snowflake's stock had been riding high in both 2020 and 2021, perhaps most widely known as one of the most expensive stocks in the software industry over the past two years. While sitting at the top is always a great place to be, it also means there is more room to fall if things start to go awry.
A Walmart employee who survived last week's mass shooting at a store in Virginia has filed a $50 million lawsuit against the company for allegedly continuing to employ the shooter — a store supervisor — "who had known propensities for violence, threats and strange behavior." The lawsuit, which appears to be the first to stem from the shooting, was filed Tuesday in Chesapeake Circuit Court by Donya Prioleau. Walmart, which is headquartered in Bentonville, Arkansas, did not immediately respond to a written request seeking comment on the litigation. Prioleau's suit alleges that she has experienced post-traumatic stress disorder, including physical and emotional distress, from witnessing the rampage in the store's breakroom on Nov.
The U.S. apparel market is forecast to contract 2% this year. Not bad considering the myriad of challenges facing clothing manufacturers and retailers. Ongoing supply chain disruption, higher materials costs and inventory build-ups have weighed on the industry in 2022. Thankfully, apparel investors may not lose their shirts for much longer. Fewer logistics issues and moderating inflation are part of a more comfortable outlook for clothing companies. According to Statista, apparel industry volume will increase 9.7% next year as product availability and demand improve. Over the next five years, apparel market sales are forecast to grow 3.6% annually. The bullish outlook and recent quarterly earnings releases have several apparel stocks trending higher in recent weeks.
The Wall Street Journal reports that this medical breakthrough is "Transforming Medicine." One analyst calculated that it could be worth $1 Trillion, making the upside potential of this small-cap 66,000% above today's price.
In 1972, Congress enacted the Supplemental Security Income (SSI) program to ensure that disabled and blind individuals, as well as low-income elderly persons, would have a minimum level of income.The program replaced several existing programs that were funded through federal grants-in-aid to the states. The need for SSI arose from the fact that many disabled and elderly persons were living in poverty despite the fact that they were eligible for Social Security benefits.What is the Supplemental Security Income?Supplemental Security Income, or SSI, is a program that provides financial assistance to low-income individuals who are aged, blind, or otherwise disabled.
One of the more significant talking points among market analysts in 2022 has been the status of the yield curve. The yield curve is a visual representation of the relationship between bond yields and the maturity length of different bonds. The two most often referenced bonds in terms of the yield curve are the 2-year treasury bond and the 10-year treasury bond. The significance of the yield curve has to do with the value of a dollar today versus the value of that same dollar at a point in the future. Investors would expect to receive a higher yield for holding a bond for 10 years than they would when holding a bond for two years.
Stocks edged lower on Wall Street in unsteady trading Tuesday afternoon as investors closely watch developments in China and economic data amid worries about stubbornly hot inflation. The S&P 500 slipped 0.2% as of 3:13 p.m. Eastern, on pace for its third straight drop. The Dow Jones Industrial Average fell 23 points, or 0.1%, to 33,824, and the Nasdaq slid 0.6%. Small-company stocks were mostly higher. The Russell 2000 rose 0.3%. Technology stocks were the biggest drag on the broader market. Apple fell 2.4%. Financial and industrial stocks also rose.
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