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244 Marijuana Stocks: Buying The Winners And Tracking The Losers For 2018

Dec. 22, 2017 12:28 PM ETACAN, ACB, ACCA, ACGX, MDTR, ACRL, ADVT, AERO, AFPW, AGTK, FUNN, AMMJ, TLRY, ASNT, ATTBF, AVT, AVTCQ, AXIM, AZFL, BABL, BAYP, BLDV, BLOZF, BLPG, BTFL-OLD, BUDZ, BXNG, CAFS, CANL, CANN, CARA, CBCA, CBDS, CBGI, CBIS, CBMJ, CBNT, CBSC, CCAN, CGRA, CGRW, CHUM, CIIX, CLSH, CMMDF, CNABQ, CNBX, IZCFF, CPMD, CRCW, CRLRQ, LEEEF, CRTL, PEHD, CSAXQ, CURR, CVSI, DEWM, DIGP, DIRV, DPWW, DSCR, EAPH, ECIGQ, EDXC, NXGT, EMMBF, ENCC, ENDO, ENRT, ERBB, ESPHQ, ESSI, ETST, EVIO, FBEC, FFFC, FITX, FNREF, GRLB, FSPM, FTPM, FUTL, FWDG, GBHL, GBHPF, GBLX, GEAR, GLPH, CHALF, GNBTQ, GRCU, YUKA, GRNH, GRSO, GRWC, GRWG, GTBP, GTSO, GWPH, GYOG, HALB, HEMP, FORA, HLSPY, HMKTF, HMPQ, HEXO, ICBU, ICCLF, ICNM, IGC, IGPK, IGRW, IIPR, IJJP, INM, INCC, DMAN, INQD, INSYQ, ITNS, IVITF, KAYS, KGKG, KSHB, LATF, LBUY, LCTC, LDSYF, LGBI, LSCG, LVVV, LEXX, BTZI, MCOA, MCPI, SHWZ, MDCN, MDEX, MDRM, MEDFF, MEDT, MGWFF, MJLB, PLSI, MJMJ, MJNA, MJNE, MJTK, MNTR, WIBFF, MQTRF, MRNJ, LIHTF, GWAV, MYDX, MYEC, MYHI, NDEV, NGBL, NGMC, CDXQ, SKYE, NOHO, NRTI, NSAV, NSPDF, NTRR, NVGT, NWWTF, LFSWF, OGI, ONCI, OPMZ, OWCP, OXIS, PHOT, RMHI, PLPL, PMCB, PNPL, PNTV, POTN, CRON, PRRE, PTOG, AGFAD, PZOO, QEDN, TNYBF, QUDCF, REFG, ZSYC, RFMK, RMHB, RSSFF, SAGD, SGBY, SING191 Comments
Anthony Cataldo profile picture
Anthony Cataldo
7.02K Followers

Summary

  • Micro Cap and Small Cap marijuana stocks have been flat for the past 4 trading days.
  • The Canadian and Big Cap or marijuana and cannabis stocks are doing very, very well – up 50% over the past 60 days.
  • This is it!  Tax loss selling is being offset by the overpowering force of marijuana and cannabis sector momentum and anticipation.
  • Still focus on “losers” for the small cap and micro cap stocks, but I think we can anticipate a very, very favorable 2018 for the sector.
  • My recommendation is to buy the Horizons Marijuana Life Sciences Index ETF and examine the component stocks for the 2018 “winners.”.

In the APPENDIX, I provide a daily listing of the returns for my equal-weighted portfolio of N=244 marijuana stocks. They were…

  • Down 1% for Monday
  • Flat for Tuesday
  • Flat for Wednesday
  • Up 1% for Thursday

Below is the chart for the Horizons Marijuana Life Sciences Index ETF, which is up 50% over the past 60 days:

It Just Does Not Get Any Better

It has been an odd year. The Federal Reserve raised interest rates for the 3rd time in 2017, and the market does not care. The first trading rule is “DON’T FIGHT THE FED.” This is because the Federal Reserve has UNLIMITED resources.

It is also because all assets are financed with debt or equity, and typically an increase in interest rates on debt securities or instruments siphons off cash from equity securities, and leads to a stock market decline. NOT THIS TIME!

So

1-Bitcoin was looking good, but the Securities and Exchange Commission fired a shot across the bow and halted trading for one crypto security – Crypto Company (OTC:CRCW), so this risk, now, presents itself.

2-The stock market continues to rise, in terms of all general indexes.

3-The Federal Reserve raised interest rates, and signaled more to come, though low or no inflation might thwart these plans, and, so far, the market does not care.

4-Big cap marijuana stocks are up 50%, based on an ETF, and in only 60 days, with a significant increase in the market for recreational marijuana anticipated over the next 10 months.

Summary - Decisions, Decisions

I believe that the Trump Tax Law is completely “baked in” to the market. Bitcoin may continue to rise, but it is too risky for me.

The stock market is “due” for a crash or correction. So I will ease out of the general market between now

This article was written by

Anthony Cataldo profile picture
Anthony Cataldo
7.02K Followers
Full name for licenses is Anthony Joseph ("A.J.") Cataldo II, PhD, CPA.  Retired university accounting professor, CMA, CGMA and author of 10 books and 200+ articles and columns in 50+ different journals and outlets, with experience as CFO, Government Auditor, Public Accountant and Litigation Support Expert Witness in cases involving GM, Ford, and other big cap firms.  Years ago, the Securities and Exchange Commission used 3 of my research articles in a fraud case.  I have taught at 10 universities including Northeastern & UCBerkeley (online and during Covid).  I prefer long-term positions combined with the sale of covered calls.  There are exceptions.

Analyst’s Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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