Morning Stock Prep Monday April 1st 2019

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  • #247551

    Stocks News Feed
    @admin

    Morning Stock Prep Monday April 1st 2019

    Looks like the markets are opening with a gap up. I guess we will see if the uptrend continues or we start to see a pullback.

    There are plenty of news out this morning, but no real big gappers that I see. Boeing $BA, Alibaba $BABA, Mongodg $MDB, and Tesla $TSLA seem to be opening up quite a good amount.

    The Week In Cannabis: The cannabis world received mixed news last week. On the one hand, the House Financial Services Committee voted in favor of a bill that would allow marijuana businesses to work with banks and credit unions, the SAFE Banking Act, allowing it to advance to the House floor. On the other hand, the state of New Jersey cancelled its vote on a bill that would legalize recreational cannabis due to a lack of support from legislators.

    Here are some of the top marijuana stocks (market cap above $400 million) in U.S. exchanges and how the performed over the last five trading days:

    • Acreage Holdings (OTC: $ACRZF): down 6.2 percent
    •  Aphria Inc (NYSE: $APHA): down 2.2 percent
    •  Aurora Cannabis Inc (NYSE: $ACB): up 0.3 percent
    •  CannTrust Holdings Inc (NYSE: $CTST): down 19.4 percent
    •  Canopy Growth Corp (NYSE: $CGC): down 2.3 percent
    •  Cronos Group Inc. (NASDAQ$CRON): down 4.2 percent
    • Curaleaf Holdings Inc (OTC: $CURLF): down 5 percent
    • Green Growth Brands Inc (OTC: $GGBXF): down 1.7 percent
    •  Green Organic Dutchman Holdings Ltd (OTC: $TGODF): up 1.3 percent
    •  Green Thumb Industries Inc (OTC: $GTBIF): down 3.2 percent
    •  GW Pharmaceuticals PLC- ADR (NASDAQ$GWPH): down 0.15 percent
    • Hexo Corp (NYSE: $HEXO): up 4.1 percent
    • Harvest Health & Recreation Inc (OTC: $HRVSF): down 1.3 percent
    •  iAnthus Capital Holdings Inc (OTC: $ITHUF): down 5.6 percent
    • Marimed Inc (OTC: $MRMD): up 1 percent
    •  MedMen Enterprises Inc. (OTC: $MMNFF): down 5.15 percent
    • OrganiGram Holdings Inc (OTC: $OGRMF): down 1.75 percent
    •  Scotts Miracle-Gro Co (NYSE: $SMG): up 2.8 percent
    •  Tilray Inc (NASDAQ: $TLRY): down 2.4 percent

    Companies Reporting Before The Bell Today

    • Cal-Maine Foods, Inc. (NASDAQ$CALM) is estimated to report quarterly earnings at $0.43 per share on revenue of $370.76 million.
    • SORL Auto Parts, Inc. (NASDAQ$SORL) is expected to report quarterly earnings at $0.21 per share on revenue of $104.95 million.
    • Navigator Holdings Ltd. (NYSE$NVGS) is estimated to report quarterly earnings at $0.03 per share on revenue of $64.16 million.
    • Xtant Medical Holdings, Inc. (NASDAQ: $XTNT) is projected to report quarterly loss at $0.32 per share on revenue of $17.50 million.
    • Arcimoto, Inc. (NASDAQ: $FUV) is expected to report quarterly loss at $0.21 per share on revenue of $70 thousand.
    • RiceBran Technologies (NASDAQ: $RIBT) is estimated to report quarterly loss at $0.07 per share on revenue of $4.57 million.
    • Sigma Labs, Inc. (NASDAQ: $SGLB) is expected to report quarterly loss at $0.14 per share on revenue of $150.00 million.

    Companies Reporting After The Bell Today

    • Flexible Solutions International Inc. (NYSE$FSI) is projected to post quarterly earnings at $0.03 per share on revenue of $5.62 million.
    • Energy Focus, Inc. (NASDAQ: $EFOI) is estimated to post quarterly loss at $0.15 per share on revenue of $5.55 million.
    • Ideal Power Inc. (NASDAQ: $IPWR) is expected to post quarterly loss at $0.13 per share on revenue of $350.00 thousand.
    • Chanticleer Holdings, Inc. (NASDAQ: $BURG) is projected to post quarterly loss at $0.28 per share on revenue of $10.45 million.
    • OncoCyte Corporation (NYSE: $OCX) is expected to post quarterly loss at $0.08 per share.
    • EDAP TMS S.A. (NASDAQ: $EDAP) is estimated to post quarterly earnings for its fourth quarter.
    • Hill International, Inc. (NYSE: $HIL) is estimated to post quarterly loss at $0.08 per share.
    • Titan Pharmaceuticals, Inc. (NASDAQ: $TTNP) is expected to post quarterly loss at $0.31 per share on revenue of $300.00 thousand.
    • BIO-key International, Inc. (NASDAQ: $BKYI) is estimated to post quarterly earnings at $0.06 per share on revenue of $5.87 million.

     

    I would like to keep an eye on some of the Cannabis stocks and see if they get a little pump into the SAFE banking act, but don’t have any particular stock.

    Here are a few others I’d like to keep an eye on today and this week:

    $ADMA – Got some volume on Friday and might want to get over $4.50, I just don’t love it.

    $AMRN – Shows volume on move up, but I am not convinced, If I play i will be tight with a trailer and quick to take profit.

    $ASRT – the SMA 20 and 50 crossed under the 200, might give a move to just over the 200 SMA. Had volume Friday

    $SYNA – had big gap down and seems to be recovering almost all the way back, heavy shorted, could pop to $42 or over with a squeeze.

    $VKTX got some volume on Friday and might want to push over $11. Another on that I will be quick to take profits.

    $EKSO chart looks good for a continues move up.

    $AMD is getting some volume this morning with volume in pre-market.

    Good Luck today. TIP of the day, always remember it’s better to be rich than to be right!

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    LanimcIntyre
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    @lanimcintyre

    Great information.

    #247805
    Stocks News Feed
    @admin

    Beautiful on $SYNA. Also got some $SPY puts, let’s see if want to gravitate towards the SMA200

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