In a moment, I will tell you about what I think is by far the best cannabis tech play available today.
It involves a highly respected biotech firm with truly great science
that has used a series of compounds known as cannabinoids to create
breakthrough drugs to treat everything from pain to epilepsy to
schizophrenia.
Before I do that, I want to give you some context to measure it
against by taking a moment to analyze what have become highly popular
marijuana stocks.
As I see it, these investments have received way too much hype. Yes, in the long run the industry will do well. (more)
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Monday, March 31, 2014
Guess?, Inc. (NYSE: GES)
Guess?, Inc. designs, markets, distributes, and licenses lifestyle
collections of contemporary apparel and accessories for men, women, and
children that reflect the American lifestyle and European fashion
sensibilities. The company’s clothing collection includes jeans, pants,
skirts, dresses, shorts, blouses, shirts, jackets, knitwear, and
intimate apparel. Guess?, Inc. also grants licenses to manufacture and
distribute a range of products that complement its apparel lines,
including eyewear, watches, handbags, footwear, kids’ and infants’
apparel, leather apparel, swimwear, fragrance, jewelry, and other
fashion accessories.
Please take a look at the 1-year chart of GES (Guess, Inc.) below with my added notations:
GES has held a very important level of support at $27 (purple) since August of last year. No matter what the market has done lately, GES has not broken $27. Now, the stock has approached $27 again and that might provide another bounce higher. However, the stock’s recent lagging of the overall market could be setting the stock up for an eventual breakdown.
The Tale of the Tape: GES has a key level of support at $27. A trader could enter a long position at $27 with a stop placed under the level. If the stock were to break below the support, a short position would be recommended instead.
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Please take a look at the 1-year chart of GES (Guess, Inc.) below with my added notations:
GES has held a very important level of support at $27 (purple) since August of last year. No matter what the market has done lately, GES has not broken $27. Now, the stock has approached $27 again and that might provide another bounce higher. However, the stock’s recent lagging of the overall market could be setting the stock up for an eventual breakdown.
The Tale of the Tape: GES has a key level of support at $27. A trader could enter a long position at $27 with a stop placed under the level. If the stock were to break below the support, a short position would be recommended instead.
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Vanguard Dividend Appreciation ETF (VIG): This Dividend ETF Just Got a Steroid Injection
Back in January, I predicted that three companies would soon become Dividend Achievers – an elite group of companies with 10 or more years of increasing annual dividend payments.
Sure enough, CVS Caremark (CVS), Texas Instruments (TXN) and QUALCOMM (QCOM) were added to the Nasdaq U.S. Broad Dividend Achievers Index last week.
These companies, along with Intel (INTC) and Dominion Resources (D), are the five largest companies being added.
You can view the full list of index changes here.
Now, to be fair, determining which specific companies will join the index ahead of time is the easy part.
The true challenge is evaluating how the new additions will affect the index as a whole. (more)
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Sure enough, CVS Caremark (CVS), Texas Instruments (TXN) and QUALCOMM (QCOM) were added to the Nasdaq U.S. Broad Dividend Achievers Index last week.
These companies, along with Intel (INTC) and Dominion Resources (D), are the five largest companies being added.
You can view the full list of index changes here.
Now, to be fair, determining which specific companies will join the index ahead of time is the easy part.
The true challenge is evaluating how the new additions will affect the index as a whole. (more)
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The Real Price Of Gold Since 1791
With gold's last few days of weakness being extrapolated to the end of
the precious metal once again, we thought a look back at 220 years of
military spending, economic growth, presidents, and inflation may be a
useful comparison to the 'real' price of gold...
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US Weekly Economic Calendar
time (et) | report | period | Actual | CONSENSUS forecast |
previous |
---|---|---|---|---|---|
MONDAY, MARCH 31 | |||||
9:45 am | Chicago PMI | March | 60 | 59.8 | |
TUESDAY, APRIL 1 | |||||
9:45 am | Markit PMI | March | -- | 55.5 | |
10 am | ISM | March | 53.9% | 53.2% | |
10 am | Construction spending | Feb. | -0.3% | 0.1% | |
TBA | Motor vehicle sales | March | 15.8 mln | 15.3 mln | |
WEDNESDAY, APRIL 2 | |||||
8:15 am | ADP employment | March | -- | 139,000 | |
10 am | Factory orders | Feb. | 1.2% | -0.7% | |
THURSDAY, APRIL 3 | |||||
8:30 am | Weekly jobless claims | 3-22 | 320,000 | 311,000 | |
8:30 am | Trade deficit | Feb. | -39.6 bln | -$39.1 bln | |
10 am | ISM nonmanufacturing | March | 53.2% | 51.6% | |
FRIDAY, APRIL 4 | |||||
8:30 am | Nonfarm payrolls | March | 200,000 | 175,000 | |
8:30 am | Unemployment rate | March | 6.6% | 6.7% |
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