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Legal Pot Is Making This Industry Paranoid about Lost Profits

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Posted by Bill Hall - Money and Markets

on Friday, 16 June 2017 07:01

In my most recent Money and Markets articles, I’ve put you on the inside track about a rapidly growing, yet mostly still under-the-radar, industry. One that the world’s super-rich are quietly funding with their own money, in pursuit of potentially eye-popping investment returns.

I then told you that industry was the legal cannabis business.

What’s more, I reported that, according to reputable market research, the legal marijuana industry in the U.S. was a $3.4 billion business in 2015. In 2016, this market doubled to $7.1 billion. 

Now, two major studies show that legal marijuana sales will top $40 billion in the U.S. over the next five years. That number could surge to $50 billion over the next decade … or sooner.

Marijuana is legal in more than half of the states in the U.S., for medicinal and even recreational use. With marijuana going mainstream, some of corporate America’s most-profitable and high-profile industries are recognizing the threat marijuana poses to their profits. 

And they are starting to fight back in a big way …

pot

Last week, you learned that the marijuana industry’s biggest enemy is not the Trump administration or U.S. Attorney General Jeff Sessions. 

Rather, it’s the Big Pharma companies like Teva Pharmaceuticals (TEVA)Pfizer (PFE)Johnson & Johnson (JNJ) and Allergan (AGN). Companies with big stakes in the pain-treatment game.

But the legal-pot business faces another formidable foe. 



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Stocks & Equities

Stock Cycles

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Posted by Michael A. Alexander

on Wednesday, 14 June 2017 08:41

44508 a

The Life Expectancy of Economic Expansions

Introduction



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Stocks & Equities

Key Stocks Into Exhaustion Mode

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Posted by Ross Clark - Institutional Advisors - Institutional Advisors

on Monday, 12 June 2017 05:42

A few stocks stand out in the 133 names on our list of monthly Upside Exhaustions as of June 5th; Facebook, Amazon, Netflix, Google and Microsoft.

Microsoft has a thirty-year history with six such signals and downside breaks of 12% to 35% before bottoming:

7/13/90 35%    4/19/91 22%    1/17/92 26%

7/21/95 26%    1/31/97 12%    11/14/14 19%

These corrections/consolidations lasted two to six months. Therefore, it would be appropriate for long- term investors to consider selling call options against current holdings. Traders should maintain tight stops. 

msft

The complete list of monthly Exhaustions as of June 5th in order of descending price:



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Stocks & Equities

Stocks Trade At Record Highs, Will Uptrend Continue?

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Posted by Paul Rejczak - Sunshine Profits

on Thursday, 08 June 2017 07:24

Alert originally sent to subscribers on June 8, 2017, 6:56 AM

Our intraday outlook is now bearish, and our short-term outlook is bearish. Our medium-term outlook remains neutral, following S&P 500 index breakout above last year's all-time high:

Intraday outlook (next 24 hours): bearish
Short-term outlook (next 1-2 weeks): bearish
Medium-term outlook (next 1-3 months): neutral
Long-term outlook (next year): neutral

The main U.S. stock market indexes gained 0.2-0.4% on Wednesday, extending their short-term consolidation, as investors continued to hesitate following recent rally. The S&P 500 index trades just 0.3-0.4% below its last Friday's new all-time high of 2,440.23. It has broken above week-long consolidation along 2,400 mark recently. Stocks have rebounded strongly after their mid-May quick two-session sell-off. They continue their over eight-year-long bull market off 2009 lows. The Dow Jones Industrial Average remained below the level of 21,200 on Wednesday, following last Friday's advance to new record high of 21,225.04. The technology Nasdaq Composite remains relatively stronger than the broad stock market, as it continues to trade along the record level of 6,310.6. The nearest important resistance level of the S&P 500 index is at around 2,440-2,450, marked by new record high, among others. On the other hand, support level is currently at around 2,415-2,420, marked by previous resistance level. The next support level is at 2,400-2,410, marked by the May 25 daily gap up of 2,405.58-2,408.01, among others. The support level is also at 2,390-2,395, marked by some short-term local lows. Will the uptrend continue towards 2,500 mark? There have been no confirmed negative signals so far. However, we can see some overbought conditions and negative technical divergences. The S&P 500 index is currently trading close to its November-April upward trend line, as we can see on the daily chart (click all charts for larger version)

1

Positive Expectations Following Yesterday's Rebound



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Stocks & Equities

In Defense of Trumpian Diplomacy

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Posted by John Browne - Euro Pacific Capitalital

on Monday, 05 June 2017 06:26

JS123620960-REUTERS-trump-merkel-presser-large trans NvBQzQNjv4BqZgEkZX3M936N5BQK4Va8RQJ6Ra64K3tAxfZq0dvIBJw"Trump's inaugural overseas trip could well result in a positive effect on world trade, job creation and economic growth. Coupled with the prospect of greatly increased defense expenditure, equities should benefit."

Given the media's obsession with some of the President Trump's communication challenges, it was utterly predictable that the President's declaration that his trip to Europe and the Middle East should be considered a "home run" was met almost universally with ridicule. In truth, the President actually did accomplish a series of victories overseas, or at least laid important groundwork that should help advance American interests in ways that prior Administrations have failed to do. It's a shame that these developments have been ignored among the din of partisanship.

From my perspective President Trump reasserted American leadership in the primary security challenge of our day, namely the defeat of radical Islamic terrorism. He also struck deals that could prove financial windfalls to U.S. industry. The President ran on security and prosperity and that was precisely the thrust of the trip.

Trump's first stop was Saudi Arabia, the keeper of the most holy places in Islam, the most influential of the Sunni Arab states and the one with whom America has long enjoyed close relations. Over the previous eight years Sunni Arabs had been increasingly dismayed by the Obama Administration's tilt towards friendship with Shiite Iran and her allies. (This change resulted in the Iran Nuclear Treaty which is widely despised among Sunnis.) Given that some had concluded that Trump had won the presidency on in part through anti-Islam rhetoric, his meetings in Saudi Arabia should do much to quell anxiety in America's most important Islamic allies.



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