Few if any industries have been growing as quickly as legal marijuana in North America. Over the past couple of years, nearly all pot stocks have seen their valuations soar by a triple- or quadruple-digit percentage, making for some very happy investors.
At the heart of this bullishness is the expectation that Canada will legalize recreational weed this summer, becoming the first developed country in the world to do so. In the process, it'll be adding $5 billion or more in annual sales to its domestic pot industry.
Image source: Getty Images.
Also, we've witnessed a discernible shift in the way the public views cannabis, at least in the United States. Spanning five national polls over the trailing year, each and every survey has produced support for legalization of at least 59%. Gallup, perhaps the most well-known pollster, pegged support at 64% in October 2017, which is up from just 25% in 1995, the year before California became the first state to legalize medicinal marijuana for compassionate-use patients.
Best Stocks To Watch For 2019: Carnival Corporation(CCL)
Advisors' Opinion:- [By Demitrios Kalogeropoulos]
Carnival's (NYSE:CCL) main business challenge frequently comes down to a difficult balancing act. While the global cruising industry as a whole is underserved, pockets of oversaturation often pop up to pressure pricing as the supply of available cruise packages outpaces vacation demand.
- [By ]
That type of reaction is a bearish signal. What's not bearish: the CEOs of Carnival Corp. (CCL) and Norwegian Cruise Line (NCLH) telling TheStreet they see no signs of recession anywhere in their business, and don't understand why their stocks are being penalized.
- [By Logan Wallace]
Carnival Cruise Line (NYSE: CCL) and KNOT Offshore Partners (NYSE:KNOP) are both consumer discretionary companies, but which is the better investment? We will contrast the two businesses based on the strength of their valuation, profitability, risk, analyst recommendations, institutional ownership, dividends and earnings.
- [By Max Byerly]
Golden Ocean Group (NYSE: CCL) and Carnival (NYSE:CCL) are both transportation companies, but which is the better investment? We will compare the two companies based on the strength of their earnings, profitability, valuation, institutional ownership, dividends, risk and analyst recommendations.
- [By Travis Hoium]
Shares of cruise ship operator Carnival Corp. (NYSE:CCL) dropped as much as 8.7% in trading Thursday after reporting earnings from the fiscal third quarter and full-year guidance. Some of the losses were clawed back by midday, and shares were only down 4.7% at 12:20 p.m. EDT.
- [By Chris Lange]
The stock posting the largest daily percentage loss in the S&P 500 ahead of the close was Carnival Corp. (NYSE: CCL) which fell about 8% to $589.53. The stock's 52-week range is $56.95 to $72.70. Volume was about 16.5 million compared to the daily average volume of 3.9 million.
Best Stocks To Watch For 2019: HSBC Holdings plc(HSBC)
Advisors' Opinion:- [By Steve Symington]
As for individual stocks, fresh earnings reports left Walmart (NYSE:WMT) and HSBC Holdings (NYSE:HSBC) moving in opposite directions today.
Image source: Getty Images.
- [By Matthew Cochrane]
In Kenya, 28 million consumers can now seamlessly integrate their M-Pesa accounts with PayPal. In Spain, CaixaBank and Bankia both further integrated their online sites with PayPal. HSBC Holdings PLC (NYSE:HSBC) now allows corporate customers in the U.K. to pay distributions to beneficiaries through PayPal, a capability to be rolled out across Europe in the coming months. Barclays PLC (NYSE:BCS) announced a strategic partnership that enables its customers to more easily link their accounts to PayPal, and soon to use their reward points on PayPal's digital platform.
- [By ]
HSBC Holdings PLC (NYSE: HSBC)
In order to grow, economies need capital. HSBC has it. With $2.52 trillion in total assets, HSBC holds the spot as the world's seventh largest bank by total assets and is currently ranked as Europe's largest bank. Covering the full gamut of financial services, from banking to wealth management to capital markets, HSBC's international and emerging market focus make the bank the company to own going forward. Also, normalizing interest rates should benefit the company's bottom line. - [By Max Byerly]
HSBC (NYSE: HSBC) and Kearny Financial (NASDAQ:KRNY) are both finance companies, but which is the superior business? We will compare the two companies based on the strength of their analyst recommendations, risk, profitability, dividends, valuation, institutional ownership and earnings.
Best Stocks To Watch For 2019: Range Resources Corporation(RRC)
Advisors' Opinion:- [By Ethan Ryder]
OppenheimerFunds Inc. lowered its holdings in Range Resources Corp. (NYSE:RRC) by 68.2% in the first quarter, HoldingsChannel.com reports. The fund owned 30,532 shares of the oil and gas exploration company’s stock after selling 65,576 shares during the quarter. OppenheimerFunds Inc.’s holdings in Range Resources were worth $444,000 at the end of the most recent reporting period.
- [By Max Byerly]
Range Resources Corp. (NYSE:RRC) has received an average recommendation of “Hold” from the thirty ratings firms that are currently covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $22.11.
- [By Shane Hupp]
RRCoin (CURRENCY:RRC) traded down 5% against the dollar during the twenty-four hour period ending at 14:00 PM ET on September 22nd. One RRCoin token can now be purchased for approximately $0.0093 or 0.00000139 BTC on cryptocurrency exchanges. RRCoin has a total market cap of $0.00 and approximately $463,836.00 worth of RRCoin was traded on exchanges in the last 24 hours. In the last seven days, RRCoin has traded 1.4% higher against the dollar.
- [By Tyler Crowe]
Companies in this region have had more measured growth plans because of the lack of pipelines. As Miller mentioned, though, improved efficiency has resulted in most companies outpacing their production growth plans. The lack of takeaway capacity has led to much lower prices for in-basin production. Range Resources (NYSE:RRC), one of the larger producers in the region, has noted that its price realizations were 10% below benchmark prices because of a lack of takeaway capacity.
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