Why Cannabis Stocks are Recession Proof
Earnings season is starting to heat up and so far, it has been unimpressive at best. Companies continue to cite weakness as a result of weaker global demand and a stronger dollar, and we expect this to be a theme of this earnings season.
The combination of weak earnings, slowing demand, and poor economic data, will create a great opportunity for investor to buy quality companies at a discount…but you need to know where to look.
The markets are trading lower this morning after China registered its steepest monthly drop in its exports since February, with a 10% year-on-year contraction compared with expectations for a 3.3% decline.
Although we expect this trend to continue, we want to highlight stocks that are monitoring for a buy opportunity on further weakness.
GW Pharmaceuticals (GWPH)
GW Pharmaceuticals continues to be our top pick in the cannabis sector and we are favorable on the...
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