Pot Stock Smokes Revenue Estimates

The Nasdaq eked out a fresh closing high

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Schaeffer's Market Recap
2/09/2021
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Dow, S&P 500 Snap Winning Streak as Investors Await More Stimulus


By: Fernanda Horner

For most of the afternoon stocks looked to be erasing earlier losses, but within the last few minutes of trading, closed mixed. As some investors started to take profits from this month's red-hot rally, the Dow and S&P 500 sunk just below breakeven, each snapping a six-day winning streak. The indexes did manage to snag fresh intraday highs, though. Meanwhile, the tech-heavy Nasdaq closed with its own record and a fourth-straight win. 

Elsewhere, some analysts believe a market correction is overdue, and that this recent surge indicates stocks may be nearing a ceiling. Others believe further stimulus could drive the market even higher, and are staying on top of a House proposal that includes $1,400 direct payments to Americans, but with quicker phase-outs this time around. 

Continue reading for more on today's market, including:

  • Canopy Growth stock smokes analysts' revenue estimates.
  • Quarterly win helps retailer topple overhead pressure.
  • Plus, another pot stock hitting fresh highs; Chegg stock pens more records; and checking in with LGIH before earnings.
Share on Read More...
     

Expert Predicts Medical Cannabis To See Massive Growth in 2021


The booming market for medical cannabis shows no sign of letting up. Experts now forecast that sales will hit $57.5 billion a year by 2026. That's three times 2020's numbers! Don't worry though...This new boom is STILL creating opportunities for smart investors who are able to find game changers like this one.

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In Case You Missed It...


Cannabis Companies are Soaring Again


Pot stocks are riding a massive election high right now, and it's not too late to take advantage of it. There are still rumblings about this medical cannabis disruptor that has a production cost of 50% less than their competitors...And that means more profits.

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