Midas Letter and C-Suite are excited to announce Midas Letter LIVE. Midas Letter highlights the stocks and stories to watch in the Canadian markets today. Host James West is a recognized authority on investing in the emerging company segment having been a regularly featured guest on Business News Network, CNBC, Bloomberg, Reuters, and CTV. James West and guests provide comprehensive fundamental & technical analysis on all trending business and investment news, while interviewing the top CEOs of all public companies and analysts with the highest reputations in the business. Midas Letter is excited to feature all investing content on C-suite.
Charting Man Dan on Blue Sky Breakouts and Market Movers in the Cannabis Space
Charting Man Dan McDermitt, founding partner and analyst with the Chart Guys, discusses seasonal trends in the US cannabis space. McDermitt points out that historically MJ stocks run up in the fall and early winter, before experiencing a sell-off in the spring and summer in the US space. He suggests the S&P’s nine-week bullish run has lulled investors into a false sense of security, but there is still reason for optimism in Tier 2 and Tier 3 names. Charting Man Dan addresses recent blue sky breakouts and highlights the impressive runs by Khiron Life Sciences Corp (CVE:KHRN) (OTCMKTS:KHRNF) (FRA:4KH) and Village Farms International Inc (TSE:VFF) (NASDAQ:VFF) (FRA:02V). He notes that Village Farms’ stock soared on news that it was uplisting to a major US exchange and expects to see a similar run for CannTrust Holdings Inc (TSE:TRST) (NYSE:CTST) (FRA:C9S) as it moves to the NYSE.