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In the last few months, we've seen just a few scandals – some very minor – push marijuana shares' prices down. That's natural in a new industry like this.
On Aug. 1, Aphria Inc. (NYSE: APHA) shares opened at $5.35. But after it reported earnings, APHA zoomed to an intraday high of $7.45 on Aug. 2; that's a nice 39%, one-day "pop."
The company increased its net cannabis revenue by 85%, which is a big deal. And I don't think Aphria will be alone when it comes to that kind of healthy revenue growth.
That's why I'm looking at this list of the biggest cannabis stocks right now. They're going to report next week in a big and potentially very profitable wave…
About the Author
Greg Miller started working on Wall Street in September, 1987, just a month before the “Black Monday” stock market crash.
During his career there, he became an expert in just about every kind of publicly traded security - from blue-chip and small-cap stocks to municipals, junk bonds, and derivatives. As a portfolio manager, Greg was responsible for over $500 million of assets in mutual funds and insurance company accounts.
After leaving the Street, he designed a successful options trading strategy and made lucrative tech investments for a financial publication. He has also helped develop new products and worked with other editors to hone their strategies. He’s always been dedicated to deep, fundamental research - and he always will be - because he believes buying the very best companies at the right price is the best way to amass wealth in the stock market.
Tags: earnings