Weed Stock Picks Up Rare Upgrade

All three benchmarks have given back modest gains

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Schaeffer's Midday Market Check
5/25/2021
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Stocks Stunted Midday as Reopening Plays Weaken


By: Lillian Currens

The major indexes have pared most of their pre-market gains, giving way to a somewhat static afternoon. The Dow Jones Industrial Average (DJI) was last seen down 23 points after waffling at breakeven for the better part of the morning. The S&P 500 Index (SPX) and Nasdaq Composite (IXIC) are also struggling for direction, as some of the optimism tied to  the economic reopening fades, while traders monitor Bitcoin's (BTC) volatile run. At last check, the cryptocurrency is facing off with the $38,000 mark following an announcement from Tesla (TSLA) CEO Elon Musk regarding bitcoin miners' sustainability.

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

  • Moderna's Covid-19 vaccine just crossed another milestone. 
  • Why Canopy Growth stock could be a promising play. 
  • Plus, another weed stock in focus; and two penny stocks dancing with key trendlines. 
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