12 NovAurora Cannabis (ACB) Earnings Analysis and Price Prediction

The S&P 500 lost 0.9% on Friday, with the pullback suggesting a natural consequence of an overreaction to this week’s election spike. The Dow Jones Industrial Average lost 0.8%, the Nasdaq Composite lost 1.7%, and the Russell 2000 lost 1.8%. For the week, the S&P 500 advanced 2.1%.

Aurora Cannabis (ACB) reported Monday fiscal first-quarter net earnings that rose to $105.5 million from $3.6 million a year ago, and from $79.9 million in the previous quarter. Total revenue rose 260% from a year ago and 55% from the previous quarter to $29.7 million, while cannabis revenue jumped 236% from last year and 65% from last quarter to $24.6 million. The average selling price per gram of dried cannabis grew 15% from a year ago to $8.39, while the cash cost per gram fell 12% to $1.90. For cannabis extracts, the net selling price per gram fell 26% to $12.12, while costs declined 22% to $1.45. Active registered patients rose 250% to 67,484.

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08 NovCannabis Stocks Soar as Jeff Sessions “Resigns”

The S&P 500 confidently finished with a gain of 2.1% on Wednesday with the benchmark index now up 6.4% since its close on October 29. Wednesday’s advance follows the conclusion of U.S. congressional midterm elections that produced a split Congress.

The prevailing assumption in the market was that a newly divided Congress would preserve market-friendly policies, namely the tax cut and deregulation efforts. U.S. President Donald Trump also mentioned on Wednesday bipartisan efforts to work with the Democrats in the House on infrastructure, trade, and lowering drug costs.

Meanwhile, the Dow Jones Industrial Average gained 2.1%, the Nasdaq Composite gained 2.6%, and the Russell 2000 gained 1.7%.

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05 NovStocks Continue to Struggle in light of Trade Concerns

Stocks fell on Friday following conflicting US China trade reports and softer-than-expected sales guidance from Apple (AAPL 207.48, -14.74, -6.6%). Futures rallied overnight on a Bloomberg report indicating U.S. President Trump asked his cabinet to draft a trade deal, but stocks eventually fell into negative territory after White House officials denied the report.

The S&P 500 lost 0.6%, the Dow Jones Industrial Average lost 0.4%, and the Nasdaq Composite lost 1.0%. Small caps outperformed, with the Russell 2000 adding 0.2%. All four major indices closed solidly higher for the week, adding between 2.4% and 4.3% apiece.

Director of the United States National Economic Council Larry Kudlow confirmed in a CNBC interview that the cabinet was not asked by President Trump to draw up a trade plan for China. Later, as stocks traded at session lows, President Trump reiterated his belief to reporters that the U.S. will reach a trade deal with China. This led stocks to cut their losses in late afternoon trading.


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01 NovStocks Rally as October Comes to an End

The S&P 500 advanced 1.1% on Wednesday, securing a second straight day of gains putting an end to a brutal October with a monthly loss of 6.9%. Mega-cap technology stocks were in control from the start of the trading session, following Facebook (FB, +3.8%) releasing its third quarter earnings report the previous evening.

The tech-sensitive Nasdaq Composite surged 2.0%, reducing its monthly loss to 9.2%, while the Dow Jones Industrial Average gained 1.0% to reduce its monthly loss to 5.1%. Small caps underperformed, with the Russell 2000 adding 0.3% to bring its monthly loss to 10.9%.

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29 OctOur Must Have Stock of November

On November 1st, a new law will be passed by the Chinese government called the GBT-1499, which some believe may result in an increased demand of a specific compound needed to strengthen steel. The demand of this additive is increasing and with the addition of the new guidelines by the Chinese government, you can expect this demand to increase.

Some investors believe that this new building code reinforcement will create an increased demand in this product as currently there is already a short supply. Currently this “additive” is costs about about $20/lb. However, with the new change in building code reinforcement, some experts believe that it will be trading 10-fold to upwards of $200/lb. This isn’t the first time we’ve seen such increased demand for this “additive”. Similar situation occurred a few years ago which saw the price skyrocket more than 800%.

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29 OctMarkets tumbled last week | Investors seek less volatility

The S&P 500 lost 1.7% in a volatile session on Friday, in which it never touched positive territory. Disappointing earnings reports from Amazon (AMZN, -7.8%) and Alphabet (GOOG, -2.2%) rattled a fragile market pestered by peak-earnings concerns.

The benchmark index briefly dipped into correction territory, characterized by a 10% pullback from a prior high, and eventually the 11 S&P 500 sectors all finished lower. The Dow Jones Industrial Average lost 1.2%, the Nasdaq Composite lost 2.1%, and the Russell 2000 lost 1.1%.

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