As we wrap up what appears like will be the second consecutive year of decline for cannabis stocks, I come across it intriguing to observe that five of the 27 stocks on my Concentrate List at 420 Investor have developed double-digit gains regardless of tremendous headwinds. Frequent readers must be familiar with four of them, as I have written about them more than the previous two years in this column.
Make no error, there have certainly been tremendous headwinds. The marketplace has dropped 32.1% so far in 2019, following a 54.9% decline in 2018, with the present cost of the Worldwide Cannabis Stock Index testing levels not observed in additional than three years:
Although I am not substantially of a momentum chaser when it comes to investing, I have been about extended sufficient to comprehend that when a stock can withstand a bear marketplace, the corporation is likely carrying out some thing proper, and that when the marketplace turns, as I think it is in the method of carrying out, the stocks can provide huge gains ahead. Additional, I note that every of the five stocks that have prospered regardless of a weak all round marketplace are down substantially from their 52-week highs.
– Study the complete post at Forbes.