Prior to this awful coronavirus outbreak, legal marijuana sales were projected to reach $2.6 trillion by 2030.
At the end of 2018, legal marijuana revenue was just $10.8 billion.
Is that 20,000% growth still in the cards for the marijuana industry?
Archives for April 2020
April 2020 - Page 13 of 14 - Money Morning - Only the News You Can Profit From
Dow Jones Drops 100 Points as Investors Prep for Worst Jobs Report in a Decade
The Dow Jones Industrial Average lost more than 100 points out the gate this morning, investors preparing for higher unemployment levels in the United States.
Yesterday, the Labor Department said that more than 6.3 million people applied for unemployment benefits.
Today, the official jobs report was off in terms of reality.
The official rate jumped from 3.5% to 4.4%.
However, private reports suggest that the real rate is somewhere north of 10%.
Where Stocks Are Headed Next
When you're stuck at home day in and day out, your thoughts tend to wander. And mine have been stuck on this market.
We're more than 20% down from recent market highs – the flat-out definition of a bear market.
But at the same time, stocks have begun to rally. As I'm writing, we're around a 20% retracement from recent market lows as well.
Now, typically, I wouldn't buy this rally. But it's definitely testing me…
Are we in the midst of a bear market or a bull market? Each side has a solid argument backing it up – so today, I'm using three charts to show you where I see stocks headed next… Full Story
Here's What Chris Johnson, Tom Gentile, D.R. Barton, Jr., and Shah Gilani Saw in the Markets Today
In order to help our Members navigate today's volatile markets, we started a brand-new live streaming service here at Money Morning.
Our experts – Chris Johnson, Tom Gentile, D.R. Barton, Jr., and Shah Gilani – are going to be with you every day that the markets are open.
They'll show you exactly what they're looking at and even give you some of the best trades to implement live.
Here's a brief recap of what they covered on Thursday, April 2...
Should I Buy Facebook Stock Right Now?
Facebook Inc. (NASDAQ: FB) is down more than 23% year to date.
And the reason for this dip is more than just a global pandemic.
On March 31 (Tuesday), it was reported that Zoom Video Communications, Inc. (NASDAQ: ZM) was illegally providing user data to Facebook.
That's even for users without Facebook accounts.
Zoom is now facing a lawsuit, while Facebook could take even more of a hit in the coming weeks.
This raises a question that's been asked countless times over the last three years: should I buy Facebook stock?
Thursday Market Recap: Big News in a Bumpy Market
The markets closed higher today, but if we've learned anything from the past few weeks, it's that we aren't waiting on bated breath for this rally to stick. In other news, there was some unexpected activity coming from the oil sector, as well as an abysmal drop in Luckin Coffee Inc. (Nasdaq: LK), despite the […]
Should I Buy Zoom Stock Now?
On Thursday (April 2), legendary short-seller Jim Chanos warned that investors should be wary of "coronavirus stocks" that are temporarily surging due to a large volume of "stay at home" users engaging their services.
Perhaps there is no bigger example than Zoom Video Communications (NASDAQ: ZM).
Naturally, the explosion in use has many people wondering if they should buy zoom stock now.
The answer has absolutely nothing to do with Jim Chanos, its explosion in demand, or the recent headlines about Zoom bombing and hacking across the country.
Should I Buy Bitcoin During the Coronavirus Crisis?
With stocks whipsawing and just about everything falling, investors who have taken the plunge into crypto are trying to figure out if now is a good time to buy Bitcoin.
After all, Bitcoin fell about 50% right at the time when the stock market was dropping the fastest.
It's made people wonder about its status as a safe haven – or if it's worth bothering with at all.
We've got all the answers for you here...
Dow Jones Continues to Struggle Against Coronavirus Pandemic
The Dow Jones faces more resistance today.
Markets had a rough start to the second quarter in response to the coronavirus outbreak, and it does not look like it's getting much better.
We don't know how long this will last, but the unemployment numbers show we're not over the hill yet.
Today, we'll discuss what you need to know moving forward.
Markets Live: What's Happening and What to Do About It
To help you navigate today's volatile markets profitably, we started a brand-new service here at Money Morning.
It's a live stream with four of our industry experts.
And it's happening every day that the market is open.
Here's a brief recap of what they covered today (April 1)...