Top 7 Contenders In The U.S. Marijuana Market

This week the cover story in Barron’s analyzed and opined about a specific subset of the hot marijuana industry.

As a result, I’ve found a few stocks you may want to keep your eye on for big trend trades. Here’s how I found them.

One of my favorite ways of finding ideas for big trend trades is to let someone else do the fundamental research, and for 30- years Barron’s has been one of the best sources for ideas, market insight, and continuing education.

When I like the story or the fundamental analysis presented by Barron’s, then I’ll identify the time to enter a trade with our MarketGauge indicators such as our Triple Play analysis.

This week’s Barron’s was a perfect example of this with some very interesting stocks, so I decided to share them with you here.

I Didn’t Come to This Party Party Early, but I Don’t Think I’m Late

Thanks to Michele’s early focus on the marijuana trend as one of her Mega-Trends, I’ve become increasingly interested in the trading opportunities in the sector. 

After dismissing this sector for too long, the marijuana industry is more than just an interest for me now. I currently hold positions in four companies in or related to this industry: CGC, TLRY, NBEV, and PYX. These positions range from long-term plays, to options trades (up over 600%) nearing completion, and short-term swing trades.

Please do not interpret my disclosure of current positions as any indication that they are timely candidates for new trades.

Prior to reading this week’s Barron’s article, I did not have any of the 7 stocks covered in the article on my “Pot watchlist” from which I look for new trades.

So I was thrilled to find these 7 new names to add to my watch list and gain a basic understanding of what they do from Barron’s.

Even better, as I said above, I was able to pick out my favorites from the article and then apply our Triple Play indicators to them to figure out if there were any timely trades in the list.

The focus of the article is on companies that are selling marijuana products in the U.S. and are listed on U.S. stock exchanges. If you’re interested in this industry, I highly recommend reading the article.

A Perfect Place To Find A Big Idea

It isn’t hard to guess the author’s bias with a coverline of You’ve Got to Be High to Buy U.S. Marijuana Stocks”, followed by this short summary…

 “A half-dozen companies are vying for leading roles in what bulls believe could be a $50 billion business. But it’s too early and the outlook is too uncertain to pick winners”

THAT SOUNDS LIKE A PERFECT PLACE to be looking for the next big trend trade with our own tactics!

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