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PRE MARKET UP THIS MORNING. Is this a good sign of better days ahead???
PRE MARKET IS DOWN HARD.Facts do not support your claim .Maybe you should define
"SOON"
DONT FORGET OGI EARNINGS DUE OUT 4/20
At some point we’re likely going to find an equilibrium, though volatility will probably continue. There’s potentially going to be a “wait-and-see” moment where investors start thinking about those important earnings reports ahead. That’s when we’ll start to get a picture of how deeply the virus has affected the economy. Banks kick off earnings season in four weeks.
Investors could have their eyes on Washington today to see what might come out of the House as far as some sort of stimulus. There’s also the University of Michigan’s March sentiment report soon after the open (see more below).
Glancing Ahead
Looking at next week, retail sales and housing data loom large (see more below), but a Fed meeting is likely to top the headlines.
As of early Friday, the futures market put chances of a 100-basis point rate cut at around 76%, with chances of a 75-basis point cut at 24%. The only question besides how deep the cut might be is whether the Fed will wait until Wednesday to put it through or act earlier in the week. A 100-basis point cut would take rates all the way back to basically zero.
Already, the Fed cut rates by 50 basis points earlier this month and then on Thursday announced it will inject $1.5 trillion into the banking system. It will buy $60 billion worth of Treasury bonds over the next month. That liquidity injection might have long-term benefits, but didn’t help stocks much yesterday.
Next week also includes a couple of pretty important earnings reports from FedEx (FDX) and Lennar (LEN).
The report from FDX could be worth keeping an eye on to hear what executives have to say about consumer demand in this economic crisis, and because they might have insight into the online retail market since they deliver so many of those packages with the flowing arrow that end up on peoples’ doorsteps.
LEN is a big homebuilder that can potentially let investors know if people are flocking to buy homes thanks to record low mortgages or pulling back amid the uncertainty. Guidance from both these reporting companies is also going to probably get a closer glance than usual as investors try to get an early sense of how much companies might pare their expectations.
So What’s Next With Earnings?
Analysts are doing just that: Paring their earnings expectations.
Earlier this week, S&P Capital IQ once again lowered its 2020 earnings estimate, this time to 4.1% from last week’s 5.3%. It sees Q1 earnings falling 1.3%, compared with its negative 0.3% prediction a week earlier. As we noted yesterday afternoon, earnings drive the markets, and the question is when people will coalesce around some estimates that seem to fit the current state of the economy.
At that point—when and if we get there—price discovery could get easier, but it might not be until next month. That’s because earnings season gets really hopping in mid-April and companies will begin to deliver their updated guidance. Hopefully by then things will be clearer about the impact and timeframe of the virus.
Price-to-Earnings: Dissecting the P and the E
The SPX price-to-earnings (P/E) ratio stood at around 16.1 as of the close of trading Wednesday, research firm CFRA reported. That’s down from a peak of 19.6 earlier this year and below the 20-year average. It’s still above the 14 mark reached in December 2018, but because earnings estimates keep sliding, no one knows if the P is properly matched to the E in the ratio. This explains in part why the market continues gyrating.
Though a 16.1 P/E ratio (it’s likely below 16 by now) might sound more attractive to buyers than a P/E of more than 19, it’s actually not so simple. No one really knows how much farther down the E might have to go, which means the P could still be mismatched and possibly at a level some would consider too high. That could help explain why you don’t see lots of people jumping in now to buy the dip. They’re probably waiting for more clarity around the E.
Recession Fears Grow as Companies Take Action Against Virus
Companies are working hard to do the right thing and protect their employees and customers from the virus. That’s a sign of them being good corporate citizens. However, worries of a recession continue to grow, and in one way, these fears reflect some of what companies are doing in response to the situation.
For instance, sports leagues are suspending their seasons, which of course is disappointing for fans. However, the economic consequences could ricochet around the country. Think of the people selling hot dogs or working in the luxury suites. Those are the people doing the day-to-day work, and their spending is likely to get shut down pretty quickly. They also, unfortunately, tend to have less to lean on than many others.
The same goes for companies sending people home to work or canceling meetings that require travel. Those employees won’t be dining out in restaurants for lunch or buying gas for the commute. They won’t be staying at hotels or relaxing at a casino after a day at a convention (things look rough for Las Vegas). All of this could really hurt workers at gas stations, hotels, and the hospitality industry. Airlines and casino stocks have really been beaten down. It wouldn’t be too surprising to start seeing repercussions of all this in the economic data as soon as the next employment report in early April.
Hitting the Brakes? Historic Plunge Seems To Meet Buying Interest as Futures Surge
9:19am ET 3/13/2020 | JJ Kinahan, Chief Market Strategist, TD Ameritrade
(Friday Market Open) Now that we’re in a bear market, people seem to feel a little more bullish this morning.
Futures turned around sharply overnight and went “limit-up” as it looks like bargain hunters might finally be emerging. That doesn’t mean the market can’t go back down, but an upgrade to Apple (AAPL) from Wells Fargo (WFC) and hopes for Congress to pass fiscal measures seemed to help in the early going.
This follows the market’s historic drop on Thursday. Looking back, the dramatic selloff probably indicated that investors believe the government’s fiscal plans and the Fed’s ramped-up funding actions won’t be enough to offset the economic impact of the virus. The S&P 500 Index (SPX) ended below 2500 yesterday for the first time in more than a year, down about 27% from last month’s all-time peak.
Read article
PRE MARKET is up today. There is light at the end of the tunnel.
yes I think so. once virus is under control its rea[
and must be eliminated.
simple solution---stop selling===start buying
if financial institutions were to step up to the plate
problem would be solved. no chance in hell/
best thing is dig in and hold on.
let the idiots sell. stay calm and but do not retreat.
very painful for sure. it needs a boost. 1 am waiting and I hope the rain stops.
check back on 4/20 earnings report day and you should see a
big bounce day
yes it is serious for sure. it is not contained word wide.
and yes markets will recover in time but that is very undefined.
In the mean time markets are falling. That's real.
its more than a scare its really happening. but you are correct
it will be controlled at some point. The sooner the better of course.
YES I am looking forward to 4/20 when next earnings is reported.
selling at these prices will benefit someone down the road.
yes OGI SEEMS TO BE ON AN EVEVEN KEEL NOW and has to increase the customer base. a beverage producer marriage would probably do that
OrganiGram CFO De Luca To Be Chief Strategy Officer, Board Member West To Be CFO -- MarketWatch
Looking forward to new Strategy Officer bringing new ideas to OGI
BAD NEWS FOR CGC---SHOULD BE GOOD NEWS FOR OGI
SO FAR IT HASNT WORKED THAT WAY..BAD NEWS FOR CGC KEEPS
DRAGGING DOWN OGI. WHY I AM NOT SURE BEING COMPETIT0RS . WHAT DOES
OGI HAVE TO DO TO SEPERATE From the coat tails of CGC.
I think the next earnings report will be the catalyst to shake
clear of CGC.
I am still hoping that OGI comes up with a better strategy to
sell powdered MJ than selling to customer to mix with a drink. They
need think of a way to increase the customer base not limit it.
PRE MARKET is up on NAS DAQ this morning. Maybe we can enjoy
a few upward days as we approach earnings report on 4/20 estimated.
higher revenue is forecasted so we may see pps grow;
YOUR very sure of yourself. The pps is very low for a reason. I hope your
bounce back theory has merit.
I hope he has studied the candy market thoroughly.
SEES CANDY IS THE BIG PRODUCER I USA. OWN BY WARREN BUFFET I BELIEVE.
I THOUGHT OGI INVESTMENT WAS $15 million.
ogi just went green on the NAS DAQ. Lets HOPE IT HOLDS IT TODAY
I am hoping they partner with someone that manufactures drinks also .
that would be a huge stride forward.
I hope you have nailed this one correctly. big jump in revenue
can possibly mean higher earnings
As States Legalize Pot, More Seniors Indulge the Habit -- Barrons.com
8:18 pm ET February 28, 2020 (Dow Jones) Print
By Bill Alpert
As more and more states license cannabis sales, two geriatrics researchers wondered how many of the new users are elderly. Plenty, it turns out, according to their study, published in the Journal of the American Medical Association's Internal Medicine imprint.
In the four years ended in 2018, the share of seniors who acknowledged pot use soared by 75%, report Benjamin Han and Joseph Palamar from New York University.
Survey data collected by the federal government showed that the proportion rose from 0.4% before 2007 to nearly 3% by 2016. As legalization spread, Han and Palamar found, the share of people 65 or older using cannabis nearly doubled, from 2.4% in 2015 to 4.2% in 2018. This rising usage should spur research on older consumers, they say, who "are especially vulnerable to potential adverse effects from cannabis."
The researchers found that specific groups showed even bigger jumps in cannabis use, including women, the mentally ill, and those with higher incomes and, strikingly, diabetics. More troubling is the increase in the elderly who used both pot and alcohol. That co-use mirrors behavior found in studies of states such as Washington, where pot has long been legal; researchers note that combining the two drugs can compound their risks.
Another finding is intriguing, given the popular legalization rationale of helping patients suffering from chronic disease. Apart from increased use by diabetics, the NYU researchers s
As States Legalize Pot, More Seniors Indulge the Habit -- Barrons.com
8:18 pm ET February 28, 2020 (Dow Jones) Print
By Bill Alpert
As more and more states license cannabis sales, two geriatrics researchers wondered how many of the new users are elderly. Plenty, it turns out, according to their study, published in the Journal of the American Medical Association's Internal Medicine imprint.
In the four years ended in 2018, the share of seniors who acknowledged pot use soared by 75%, report Benjamin Han and Joseph Palamar from New York University.
Survey data collected by the federal government showed that the proportion rose from 0.4% before 2007 to nearly 3% by 2016. As legalization spread, Han and Palamar found, the share of people 65 or older using cannabis nearly doubled, from 2.4% in 2015 to 4.2% in 2018. This rising usage should spur research on older consumers, they say, who "are especially vulnerable to potential adverse effects from cannabis."
The researchers found that specific groups showed even bigger jumps in cannabis use, including women, the mentally ill, and those with higher incomes and, strikingly, diabetics. More troubling is the increase in the elderly who used both pot and alcohol. That co-use mirrors behavior found in studies of states such as Washington, where pot has long been legal; researchers note that combining the two drugs can compound their risks.
Another finding is intriguing, given the popular legalization rationale of helping patients suffering from chronic disease. Apart from increased use by diabetics, the NYU researchers s
next scheduled earnings is 4/20. not that far away.if OGI partners
with a beverage company that would increase sales dramatically.
Nanoemulsion Becoming Hottest New Trend for Billion Dollar CBD Industry
8:45 am ET February 27, 2020 (PR Newswire) Print
Transparency Market Research (TMR) is predicting an increased growth in the global nanoemulsion market. Valued at US$6.78 Billion in 2016, it's estimated to rise to $14.91 billion by the end of 2025. Recent industry reports show that the recreational cannabis beverage industry is on the rise, and nanoemulsion-infused beverages are leading to the development of drinkable cannabis products that are both potent and fast acting. Nanoemulsion-based cannabis beverages are, in fact, fast acting and have high bioavailability, meaning the body will absorb a higher amount of the THC or CBD. This is because nanoemulsions, which have been used for many years in other industries such as pharmaceutics and cosmetics, can be absorbed into the body and brought into the brain more quickly without requiring any external oils or fats. Active cannabis companies in the markets this week include: Pressure BioSciences, Inc. (OTCQB: PBIO), Aurora Cannabis Inc. (NYSE: ACB) (TSX: ACB), Canopy Growth Corporation (NYSE: CGC) (TSX: WEED), GrowGeneration Corp. (NASDAQ: GRWG), Aphria Inc. (NYSE: APHA) (TSX: APHA).
Drinking beverages using cannabis nanoemulsions is convenient and predictable - you experience a consistent effect on two different days. Similar to alcohol, you feel the effect quickly, starting at around 10 minutes in and maxing out at about 30 minutes, generally lasting a couple of hours, at which point it drops out quickly. These attributes make nanoemulsions useful for pharmaceutical purposes, as it's easier for medical practitioners to know how much to prescribe. Also, users feel the benefits immediately, potentially averting cases of over-usage. Nanoemulsion are able to dissolve large amount of hydrophobics coupled with ability of protecting drugs from processes such as hydrolysis and enzymati
GMASON---OGI TRYING TO RETREAT TO GREEN. YOU GOTTA LOVE IT.
I have done the same thing on other stocks so I know it works.
GMASON---TIME SEEMS RIGHT. I LIKE YOUR SELL AND BUY PLAN. GOOD LUCK.
YOUR TIMING SEEMS PERFECT.
Shares of several cannabis companies are trading lower amid continued spread of coronavirus including notable upticks in Iran and Italy. NOTE: The virus has raised fear of a global economic slowdown.
Benzinga
OGI PRE MARKET IS DOWN.`OGI NEEDS TO MARRY A BEVERAGE PARTNER. a catalyst
is needed to jump start this company. maybe we will learn something at
next earnings report on 4/20.
not everyone has a computer..maybe by telephone would be a second
option. it needs to be available easily. I was thinking hospitals
and doctors would be an easy way to sell product
ARE PACKETS BEING SOLD TO HOSPITALS IN CANADA ?
Digesting What Cannabis 2.0 Means For The Industry: 'A Lot Of Opportunity'
5:17 pm ET February 24, 2020 (Benzinga) Hot Stories Print
Edibles, beverages and other “cannabis 2.0” products are the future of weed.
That’s the take Everett Knight of Valens Groworks Corp (OTC: VLNCF) shared Monday at the Benzinga Cannabis Capital Conference in Miami Beach.
The U.S. market is almost split 50-50 by flower and oil sales, and Valens is forecasting that oil’s share will reach 75% or more, said Knight, the extraction company’s executive vice president for corporate development and capital markets.
“I think 2.0 is really the future of cannabis,” he told moderator Jim Kirsch of Alliance Global Partners during a panel discussion.
“I’ve never met a doctor who wants you to smoke cannabis,” Knight said. “[And] it’s more convenient.”Digesting What Cannabis 2.0 Means For The Industry: 'A Lot Of Opportunity'
5:17 pm ET February 24, 2020 (Benzinga) Hot Stories Print
Edibles, beverages and other “cannabis 2.0” products are the future of weed.
That’s the take Everett Knight of Valens Groworks Corp (OTC: VLNCF) shared Monday at the Benzinga Cannabis Capital Conference in Miami Beach.
The U.S. market is almost split 50-50 by flower and oil sales, and Valens is forecasting that oil’s share will reach 75% or more, said Knight, the extraction company’s executive vice president for corporate development and capital markets.
“I think 2.0 is really the future of cannabis,” he told moderator Jim Kirsch of Alliance Global Partners during a panel discussion.
“I’ve never met a doctor who wants you to smoke cannabis,” Knight said. “[And] it’s more convenient.”
HBG---CAN you explain in more detail. if you are referring to
adding to a beverage that's not going to make an impact on the
beverage market.
*Shares of several cannabis companies are trading lower amid continued spread of coronavirus including notable upticks in Iran and Italy. NOTE: The virus has raised fear of a global economic slowdown.
Benzinga
*Shares of several cannabis companies are trading lower amid continued spread of coronavirus including notable upticks in Iran and Italy. NOTE: The virus has raised fear of a global economic slowdown.
Will Organigram pursue a business in the Beverage industry???
The market is huge and probably would be the catalyst to jump start
OGI TO THE MOON. I am hoping OGI is considering a beverage product
line.
WILL ORGANIGRAM CHOCKALATES BE SOLD WORLD WIDE????? SOUNDS LIKE
A SWEET IDEA!!!
OrganiGram Holdings Inc (NASDAQ: OGI) (TSE:OGI) on Thursday announced it's rolling out its next round of cannabis 2.0 products, the Edison + Feather, all-in-one, distillate vape pens, and Edison Bytes, THC-infused chocolate truffles.
The milestone is especially significant for Feather, as the Canadian company’s vape pens were previously only available in Colorado.
“It’s been an amazing year of diligent, dedicated work and collaboration to bring the Edison + Feather pens to market,” said Patrick Lehoux, CEO, Feather. “Seeing Feather pens coast-to-coast, in our own backyard, is a pretty rewarding experience. It’s a true testament to our team and OGI’s commitment to bring something unique and special to Canadians, a consumption experience that’s enjoyable and natural in people’s lives.”
Image courtesy of the company.
IS OGI HEADED IN RIGHT DIRECTION ?????? YOU BET IT IS.
I am very long this company and am expecting great success in the future.
SO far there have been many negatives to overcome but OGI has proven
it is capable of resolving these issues.
I am looking forward to next earnings report on 4/20/20.