The Trump administration is not exactly full of fans of legal cannabis.
Attorney General Jeff Sessions‘ opposition is well known. “Good people don’t smoke marijuana,” he said in April 2016, while still a senator from Alabama. And it’s only got worse from there.
Vice President Mike Pence signed a law during his time as Indiana governor that would land you with a $1,000 fine and up to six months’ jail time if found in possession of the drug. And you know he has the president’s ear.
That’s why what comes next is so shocking: President Donald Trump plans to back medical marijuana after the midterm elections.
Or at least that’s what U.S. Rep. Dana Rohrabacheris saying.
Rohrabacher, a longtime proponent of legalization, said in a recent interview on Fox Business that plans for a massive cannabis reform have been a hot topic of discussion among Trump’s inner circle. He’s talking the sort of reform that could end cannabis prohibition on a federal level.
Walmart Inc. (NYSE: WMT) has rarely wavered from founder Sam Walton’s gospel of Christian free enterprise or his conservatism.
That makes it no surprise that, over the years, the world’s largest retailer has taken stands against medical marijuana laws, sometimes refusing to cover employees’ legal cannabis prescriptions.
So the most recent news coming out of Bentonville, Ark., was a bit shocking.
Earlier this week, Walmart’s Canadian division said it’s exploring the possibility of selling cannabis-infused products its stores.
While various global beverage and tobacco giants have been showing interest in the legal cannabis market, Walmart is the first big retailer do so – and probably the most surprising choice possible.
What’s next? Cannabis grow kits at Hobby Lobby? Marijuana-infused nuggets at Chick-fil-A?
Call me crazy, but I get excited when the market sells off.
This is doubly true when tech leads stocks down.
This explains why I was so energized on Wednesday when the tech-centric Nasdaq Composite lost more than 3.5%. And then entered correction territory yesterday – down about 10% from its late-August highs.
Here’s the thing. I’ve been around the markets my entire adult life. So I’ve learned the importance of taking the long view. I’ve been through more market selloffs than I care to count.
But the singular truth here is that the market always moves back up. And when it does, tech will lead the way once again.
Of course, it can be rough in the meantime.
But I can’t worry about toughness. As I like to remind folks, my job is to help you make money no matter what the market throws our way.
With that in mind, today I’m starting a two-part chat with you designed to help you profit from the recent selloff.
We’ll start by looking at three profit-producing tools every tech investor needs. Then we’ll follow that up on Tuesday with three hand-selected investments that you can buy now to lead you out of this mess.
Canada has legalized recreational marijuana nationwide, and that law that goes into effect Oct. 17 – exactly one week from today.
That means any adult over 18 will be able to just walk into a dispensary and buy up to 30 grams of cannabis. That could be flower, oils, or – in some places – seeds and plants.
And that could make you a multimillionaire by this time next year.
If you’re not investing in tech, you’re flunking the cosmic IQ test.
Check this out…
Investor’s Business Daily revealed in a major story Sept. 28 that growth investing over the past decade now trumps value investing’s recordover the past 30 years.
IBD based its analysis on the indexes that cover value and growth. Tech, of course, is by far the biggest component of growth indexes.
But you didn’t need such an in-depth analysis to figure this out. Just look at your bank account.
You’ve heard me say more times than either of us can count that the Road to wealth is paved by tech – and we prove that here each and every week.
Now, that doesn’t mean you can pick just any tech stock out of the box and expect outstanding results.
You need a growth-centric tech-investing guide in your corner – someone who has dedicated his life to helping you get on that road to wealth.
Just ask the members of my low-priced service, Nova-X Report.
They had an averagegain of 24% in the third quarter. (To join us right now, just click here.)
That may not sound like much at first glance, but you need to look at the larger picture.
Their average gains beat the S&P 500’s 7.2% return by 243%.
And today, I’m going to show you four of our stocks that did much better than average.
I’ll also tell you why I think they still have plenty of upside ahead – and how you can get more a lot more plays just like them (or even better).
After all, this group is growing much faster than the overall jobs boom. As I noted, that’s a rising market with a lot of profit potential.
But today, I want to talk about the opportunities that are waiting on the flip side of that investing coin.
In others words, I want to introduce you to a tech leader that has the right products to help employers manage their growing number of workers… and stands ready to meet a very target-rich market.
I’m talking about a fast-moving firm that’s doubling its sales every two years.
The rumor mills have been in high gear as of late.
We’ve seen filings that make us believe another of Canada’s top cannabis companies is looking to make a move to the NYSE.
Now, a date for such an up-listing hasn’t been confirmed. But on September 28, the firm filed a Management Information Circular that mentioned the NYSE several times.
The crypto community has been buzzing about a potential initial public offering from Bitmain Technologies Ltd. for a few months now.
Maybe you’ve been doing some of that buzzing yourself.
I know that back on Aug. 7, I buzzed about it right here.
I said, if Bitmain goes public, it would be one of the few blockchain pure plays on the market. And I noted how a Bitmain IPO would be a big catalyst for the whole cryptocurrency sector
That all remains true.
But now the time for rumors and whispers is up. Bitmain’s big move, which would be the crypto world’s largest IPO to date, is on the record.
Last week, the Beijing-based firm officially filed to go public on the Hong Kong Stock Exchange (HKEK) – date to be determined.
There’s a lot of potential upside here – but there are many possible pitfalls as well.
So we’ll take a look at all that.
Then I’ll show you a way you can play this crypto IPO to your advantage.
I tend not to pay too much attention Wall Street analyst ratings and reports.
You shouldn’t either. That’s because my goal – and it should be your goal, too – is to get ahead of trends and the soaring stocks that come with them.
Once you start following Wall Street’s lead, you become, well, a follower – and that is not where you want to be.
However, when Wall Street follows our lead on a stock or trend I’ve told you about, I love it.
That means their cash – their liquidity – is on the way… and will act as yet another catalyst on our plays’ share prices.
It’s about the easiest money you can make.
So that’s why I did pay attention when I saw a note from JPMorgan analyst Seth Seifman earlier this week saying hypersonic missile sales will soar from “modest” to $5 billion in the next few years.
Shopping for tires has a lot in common with picking cybersecurity stocks.
Here’s how I came up with this line of thought.
My wife needs new tires for her luxury SUV, an Infiniti FX35, and they need to perform in all sorts of weather.
See, we live up in the hills, and she drives to work along narrow roads with dangerous, hairpin curves.
Some mornings the fog is so thick that the roads get slick. In the rainy season, these roads get even slicker. If she skidded and went over the side, she could easily plunge 200 feet to the bottom of a canyon.
In other words, we are willing to pay extra to get excellent performance in all conditions.
You should take the same approach to investing in the growth field of cybersecurity.
While this is a vital industry, many of the stocks in this sector are choppy and news driven.
That makes it easy to lose money on those kinds of trades if you get the timing wrong.
But I have uncovered what I believe is a great “all-weather” cybersecurity leader. This is the kind of stock that will keep you on the road to wealth even in the stormiest of conditions.
While various global beverage and tobacco giants have been showing interest in the legal cannabis market, Walmart is the first big retailer do so – and probably the most surprising choice possible.
That all remains true.