We saw some great news from one of my favorite growth stocks that many of my wealth management clients have owned for years. Global leader in online dating Match Group (NASDAQ: MTCH) jumped 20% today, hitting a new all-time high after reporting awesome second-quarter results that crushed expectations. Here are some highlights from the press release.Read More
After a huge run higher in 2016 and 2017 – cannabis stocks are in a bear market. That is creating an opportunity for new investors to enter the sector while shares of early industry leaders are trading well below the 52-week high. Here are three small cap cannabis stocks trading up to 60% below the…Read More
2017 is turning out to be another great year for cannabis stocks as the sector rallies back to the all-time high on a steady stream of good news. After falling into a bear market this spring cannabis stocks have been on a tear. The Canadian cannabis index is up 68% in the last 10 weeks, jumping back to the all-time high.Read More
Third quarter earnings season is peaking – and the results have been excellent.
More than half of the S&P 500 has reported earnings. According to data from Zacks Investment Research earnings are up 8.7% from the same period last year on 6.7% revenue growth. 76% of company’s have beaten earnings estimates while 66% have beaten revenue estimates.Read More
The third quarter ended last week. With just three months left in 2017 both US and global stocks are having a good year.
The US based S&P 500 was up 6% in the third quarter – giving it a total return of 15% through the first three quarters of the year.Read More
The second quarter of 2017 is history. That means it’s time for me to drop in for an update to let all my clients and friends know what is happening in the market – and what to expect in the third quarter and rest of the year. It was another solid quarter for US and global stocks. And I am expecting a strong second half of the year.Read More
First quarter earnings season is almost over – and the results have been excellent. With 90% of the S&P 500 reporting, earnings are up 14.2% from the same period last year. That’s a huge year-over-year increase. Revenue is up 7.7%. 73.3% of reporting companies have beaten earnings estimates. This earnings growth represents an important turning point for the S&P 500.Read More
It’s not just the military that is unlocking the incredible potential of drones. Law enforcement agencies, homeland security and the private sector are all driving an incredible boom in the drone industry that is still in the early stages.Read More
By: Michael Vodicka “That reversal turned into a full-blown raging rally on Thursday and Friday when European Central Bank Chairman Mario Draghi stated that the ECB is fully committed to keeping the Euro zone intact.” Stocks surged higher on Thursday and Friday, lifting the averages to their third consecutive weekly gain. For the week, the…Read More
By: Michael Vodicka “If you had a friend who was deeply in debt and simply refused to cut a crippling spending habit, would you continue to lend to them and pile on more debt as some sort of meaningful solution?” After a very strong June, stocks are once again showing signs of weakness. The first…Read More