Friday, January 26, 2018

Quick Week End's Glance At the Markets: Cannabis & Cryptocurrency




This week as been a little crazier than the norm..........

Cryptocurrencies continues to get beat up, hacked, regulated and slaloms the markets. But as I mentioned before, that's how the markets do! Let's take a summary of this week's Crypto, Cannabis & stock market happenings.



In the last year, altcoins have made their presence known in a most compelling manner. The world stood up and took notice indeed, even a topic of discussion at the 2018 Davos. But, now the crypto faithful are realizing that this platform comes with it's volatilities. 


There are a number of possible factors in this weeks pullback that includes what might become the worlds largest digital currency hack. Japan's reported $530 million or about 500 million NEMs may have been an inside job. As Coincheck suspends trading, withdrawals and deposits of most cryptocurrencies there pending further investigation. 


*UPDATE*: The company reports that the source of the hack has been located. And that they intend to refund most funds stolen.

How about the South Korean regulators that has now created a task force to oversee their exchanges. This could have enticed investors to abandon ship.

The crypto markets seems to have stabled themselves a bit. Still Bitcoin, down about 5% since last Friday's opening and we are thankful for that. Ripple, who had such a promising run, had a huge 24% slide this week. Even with it's technical connection to the Ethereum based blockchain technology ETH, dipped a little over 9% this week. With NEM taken the biggest punch at nearly 33%.




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Robinhood, a popular online trading apps particularly among the millennials. Announced this week, options for 16 cryptocurrencies including Bitcoin, Ethereum, Bitcoin Cash, Ripple, Neo and more.  With this platform you can now monitor, place on your watchlist and read crypto news. February will offer limited trading of BTC/ETH along with it's options, stocks, and ETFs, all on the same secure platform.


Marijuana/Cannabis


This week the U.S. Marijuana index had gains of 5.5%, The North American Marijuana Index posted a 3.2% this week. 

Months of bitter fighting, has Aurora Cannabis acquiring CanniMed Therapeutics for some $1 billion in cash/stock off a friendlier deal.


Top 10 Marijuana/Cannabis Stock


ACBFF - Aurora Cannabis Inc     +1.60%
GWPH - GW Pharma PLC           +1.36%
PRMCF - Cronos Group Inc         -0.20%
TWMJF - Canopy Growth Corp  +10.76%
CBDS - Cannabis Sativa Inc          +1.13%
THCBF - THC Biomed Intl Ltd    +1.48%
APHQF - Aphria Inc                      +5.69%
SMG - Scotts Miracle-Gro Co       +0.32%
MEDFF - MedReleaf Corp            -1.75%
CNTTF - CannTrust Holdings      +0.60%







STOCK MARKET




The DOW Jones hits a record territories.....again! As well, the Nasdaq & the S&P 500 finishing the week with new highs. The DJI up by 223 points, that closed at 26,616. The Nasdaq climbed 1.28% & the S&P 500 rose to 1.18%. 



January marks an incredible start on Wall street as investors and businesses credit President Trump's big tax cuts for it's motivation. Top that with a 
better than expected earnings as the 4Q reports began to roll in along with a steady global economic growth. Many are ready to ride the next few months with the same enthusiasm. 



ETFs To Watch (Cannabis related):


  • American Growth Fund Series Two Class E (AMREX)  $4.98  -0.07    1.39%
  • Cronos Group Inc.                                             (PRMCF)   $8.18   -0.01    0.14%
  • ETFMG Alternative Harvest ETF                   (MJX)        $37.65 +0.32   0.86% 
  • Horizons Medical Marijuana Life Sciences  (HMMJ)    $22.69 +0.55   2.48%
  • AdvisorShares Vice ETF                                     (ACT)         $27.25  +0.36  1.34%


 01/27/2018 Market Summary



Dow Jones       @ $26.616.71 (+223.90   0.85%)

Nasdaq                 @ $7,505.77 (+95.6 1.28%)


S&P 500    @ $2,872.87 (+33.62  1.18%)





*IN the Crypto World it's all about the "HODL"*

  • BTC Bitcoin  - $11,734.71  +2.31% (24 hr. Change)
  • BCH Bitcoin cash - $1,717.05  +4.03%
  • ETH Ethereum - $1,230.22  +11.91%  
  • XRP Ripple -  $1.31  +7.06%
  • LTC Litecoin -$188.66  +4.19%
  • Neo - $149.34  +7.01
  • ADA Cardano - $0.658  +5.63

Cannabis Training University - Master Certification

My last 5 of  the companies that I am researching in 2018. These are not recommendation as stated, yet, are companies within industries that I feel are worthy of potential gains





VFFIF    Village Farms International  


One of the largest producers of premium quality greenhouse tomatoes, bell peppers and cucumbers in North America. Village Farms vegetables are grown hydroponically (without the use of soil) in a glass enclosed high technology environment yet, are not genetically modified.



O A         Orbital ATK Inc.                        


Orbital ATK designs, builds and delivers space, defense and aviation-related systems to customers around the world including launch vehicles and related propulsion systems; satellites and associated components and services; composite aerospace structures; tactical missiles, subsystems and defense electronics; and precision weapons, armament systems and ammunition.



VRTHF  Veritas Pharma                          

Develops the most effective proprietary cannabis strains for specific disease conditions providing doctors and patients with conclusive scientific evidence for the recommendation and use of medical marijuana with confidence. 

VTC       Vertcoins                                       

Vertcoin’s algorithm is designed to resist the development of custom mining hardware and multipool mining, ensuring that transactions are validated by a widely distributed network and avoiding the selling pressure when large mining pools indiscriminately flood the market with freshly mined coins. With Vertcoins: DECENTRALIZED MINING, 1-CLICK VERTCOIN MINER, WEB WALLET

VUZI     Vuzix Corp.                                   

Vuzix design wearable display devices known as Smart and Augmented Reality Glasses, Video iWear (Eyewear), head mounted displays or HMDs. That are worn like eyeglasses and feature built-in video screens that enable the user to view and interact with video and digital content, including movies, video games, computer data and the Internet. Its origins in defense R&D for next-generation military display solutions, now focused the enterprise and consumer markets for wearable computing and personal AR display devices.





WeHit's 2018 PICK & TRACK  01/27/2018 
COMPANY LAST CHANGE     %
AMBA  Ambarella Inc $50.25 +0.15                0.30%             
ACBFF  Aurora Cannabis Inc $10.81 +0.17                1.60%
AVAV    AeroVironment Inc $53.17 -0.31                 0.58%
EXEL    Exelixis Inc $30.27 -0.19                0.62%
A      Agilent Techn. Inc. $74.82 +0.97                1.31%
HIMX   Himax Techn. Inc. $8.27 -0.09                1.08%           
HTC      HTC Corp$69.30 +0.70                1.02%  
RIOT    Riot Blockchain Inc $17.13 -0.78                4.36%             
SIEB     Siebert Financial Corp. $9.45 -0.67               6.62%                  
STM     STMicroelectronics $23.80 +0.89               3.88%                 
ARE    Alexandria Real Estate Equit $126.47 -0.49               0.39%
SYNA    Synaptics Inc. $45.07 +1.10               2.50%                 
IBB      iShare NASDAQ Biotech ETF $118.04 +1.41              1.21% 
TWMJF  Canopy Growth corp $28.49 +2.82              10.97%           
KEYS     Keysight Technologies $46.58 +0.86              1.88%  
VFFIF    Village Farms International  $7.29 +0.12              1.66%                    
O A         Orbital ATK Inc.$132.47 -0.01              0.01%
VRTHF  Veritas Pharma  $0.60 -0.00              0.50%                     
VTC       Vertcoins $4.48                       -3.65%  
VUZI     Vuzix Corp. $9.50 -0.25              2.56%    





Week's  5  BIG GAINERs & LOSERs  01/27/2018 
COMPANY LAST CHANGE     %
AbbVie Inc. $123.21 + 14.91                13.77%


                   
Intel Corp $50.08 + 4.78                 10.55%


                  
Arthur J Gallagher Co $70.49 +4.83                 7.36%


                     
Gilead Sciences Inc$85.46 +4.27                  5.26%


                     
Pfizer Inc $39.01 +1.77                  4.75%

Wynn Resorts Ltd $180.29 -20.31                10.12%


                   
Colgate-Palmolive Co $73.56 -3.76                  4.86%


                    
Regeneron Pharmac Inc $374.36 -17.48                4.46


                     
Starbucks Corp$57.99 -2.56                 4.23%


                    
Ball corp $38.12 -1.10                 2.79%


                    



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