8 Pot Stocks That Weathered the Winter

Vaccine optimism is in focus as anxieties over inflation ease

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Schaeffer's Opening View
3/01/2021
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Stock Futures Eye Strong Start to March


By: Lillian Currens

Stock futures are bouncing back in a big way to kick off the new week and month. Dow Jones Industrial Average (DJI) futures are up 340 points this morning, while futures on the S&P 500 Index (SPX) and Nasdaq-100 Index (NDX) are trading well above fair value, as well.  Anxieties over inflation and skyrocketing interest rates are easing this morning as the 10-year Treasury yield retreats from 1.5% and Wall Street shifts its attention to encouraging vaccine news.

Specifically, Johnson & Johnson's (JNJ) one-shot Covid-19 vaccine, meant for people over the age of 18, was approved by the Food and Drug Administration (FDA) over the weekend. Shortly after, the Center for Disease Control and Prevention's (CDC) director signed off on the treatment after a CDC panel voted to recommend its use. Also boosting sentiment is news that the House approved a $1.9 trillion emergency relief bill on Saturday. The American Rescue Plan Act of 2021 will now be considered by Senate. 

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

  • These eight red-hot pot stocks made waves last week. 
  • Another look at Etsy's incredible earnings beat
  • Plus, TWTR pops on billion-dollar convertible note offering; TWLO plans a major investment; and Wayfair stock gets analyst love. 
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