Early yesterday morning, Canadian cannabis firm Cronos Group Inc. (Nasdaq:CRON). was up an astounding 25% in mere hours.
At open yesterday morning, Cronos was trading around $9.25. By noon, it has reached $11.63.
So why the sudden pop?
Well, the rumor mill has been swirling lately, and sources say that Altria Group Inc. (NYSE:MO), maker of Marlboro cigarettes, is looking to make a deal to buy Cronos.
This deal, if real, is still in the very early stages, would make Altria a major legal cannabis player.
When we spoke on Nov. 27, I suggested you invest in The Boeing Co. (NYSE:BA) as a play on the boom in Asian air travel.
Ordinarily, I would not come right back so quickly and tell you to take a look at another aerospace stock. But that’s exactly what I’m doing today.
And for a very good reason. See, just last week, NASA made another historic landing on the surface of Mars.
After a journey that took seven months and covered 301 million miles, the NASA Insight lander touched down and got right to work by beaming down a picture of the red planet.
That photograph is only the beginning. The robotic craft will spend the next two years gathering and transmitting important data back to Earth.
Doing so will reap insight about the geography and history of the planet. It will help scientists better understand the planet’s long-term climate, and why water no longer exists on the surface there.
It’s fascinating work. But there’s more happening here than simply compiling and analyzing enormous swaths of planetary data, much more.
That’s why today, I want to let you know about the big-cap aerospace leader that played a pivotal role in Insight’s successful landing. And why this firm is poised for long-term appreciation…
Check it out…
In Pennsylvania, it’s been 26 years since the last legal bet was placed on a game, play, or point spread.
That is, until two weeks ago.
On November 15, a local resident walked into the Hollywood Casino at Penn National near Harrisburg and put $20 on the Pittsburgh Steelers to win the 2018 Super Bowl.
Of course, it’s too early to tell how his bet will fare.
But it’s not too early to see the excitement surrounding the newest addition to casinos.
You see, this isn’t the pen-and-paper operation at the corner candy store where your father used to place his bets at. Gamblers log their bets at high-tech kiosks, without ever talking to a person, saving time and minimizing mistakes.
There are additional kiosks where patrons can customize their screens, so they’re only watching the games they choose. The screen shows in-play odds, and wagers can be placed directly onto the screen.
Three more Pennsylvania casinos are preparing to open their sportsbooks in the next few weeks.
Fact is, it’s never been easier to bet on sports.