25 Mar

Cannabis Sector: Biggest Losses Last Week

WRITTEN BY Adam Jones

Biggest losses

The cannabis sector was mixed last week. In this part, we’ll discuss the stocks that moved in the same direction. The Horizons Marijuana Life Sciences (HMMJ) fell 1.1%, while the ETFMG Alternative Harvest ETF (MJ) fell ~1.4% last week.

Cannabis Sector: Biggest Losses Last Week

Stocks that declined

Last week, Cronos Group (CRON) was among the biggest losses, which you can see in the above chart. Cronos Group fell nearly 8.4% from the closing on March 15 to the closing on March 22. Tilray (TLRY) was next with a weekly decline of ~7.4% followed by Aurora Cannabis (ACB), which fell 5.7%.

Canopy Growth (WEED) (CGC) fell last week—3.3% lower compared to the week ending March 22. KushCo Holdings (KSHB) had a weekly loss of 0.88%, while Aphria (APHA) fell 0.16% last week.

Last week, the weakness in the cannabis sector was amplified towards the end of the week. The weakness was sparked by a growing fear of a recession hitting the US as the yield curve inverted. A yield curve inversion has preceded previous recessions in the United States.

To learn which companies in the cannabis sector ended in the positive territory, visit MarketRealist’s Healthcare sector page.

Latest articles

20 Jun

Will Refiners’ Earnings Plunge in 2019?

WRITTEN BY Maitali Ramkumar

Wall Street analysts expect refining firms' earnings to fall in 2019. Delek US Holdings (DK) and Valero Energy’s (VLO) earnings are estimated to fall less than 10% in 2019. However, the EPS of Marathon Petroleum (MPC), HollyFrontier (HFC), and Phillips 66 (PSX) are expected to fall 20%–40% this year.

After remaining tepid for the first four months of the year, gold prices have taken off in a big way. The initial impetus was provided by a tweet made by President Donald Trump on May 5, which revived trade tensions in a big way.

20 Jun

How Are Charter’s Revenues Trending in 2019?

WRITTEN BY Ambrish Shah

In the first quarter, Charter Communications (CHTR) reported total revenues of $11.2 billion—a rise of 5.2% year-over-year and $7 million ahead of the consensus estimate.

This morning before the market opened, Tesla (TSLA) was trading on a negative note despite a sharp rise in index futures. As of 9:10 AM ET, Tesla stock had fallen 1.2% in the pre-market session to $234.74 after Goldman Sachs cut the target price on the company by about 21%.

The US-China trade war has already given a scare to Apple’s (AAPL) investors vis-à-vis the possibility of a 25% tariff on Apple goods being imported from its Chinese facilities. As a result, Apple might be considering shifting its plants out of China.

Yesterday, Greenlane Holdings (GNLN) fell a whopping 17.1%. The stock has now fallen 28% this month, and it hit its all-time low yesterday. Greenlane Holdings listed in April and priced its IPO at $17 per share. However, since the stock surged more than 25% after its listing, it has been a sorry story for Greenlane Holdings investors.

172.31.59.107