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When Americans headed to the polls during the last midterm election, weed was a big winner. Missouri and Utah legalized cannabis for medical use, while Michigan voted to legalize the recreational use of it. Nationwide, 33 states total have now legalized medical marijuana, and 10 states plus Washington, D. In fact, the number of states legalizing marijuana has been rising at a steady pace since Prior to that year, only three states—California, Maine, and Oregon—had made medical cannabis legal.
Now, a good portion of the U. Given such bullish trends, the movement to legalize marijuana has definitely picked up steam. Below are four cannabis-linked stocks that are poised to benefit from legalization. In particular, its cannabidiol drug Epidiolex has been very successful in trials and studies in treating seizures associated with Dravet syndrome, a rare form of epilepsy that occurs in infants. While there have been few other marijuana-related companies that have entered the market, IIPR is entirely different: Together, the two leaders plan to introduce a variety of cannabis-infused beverages in Canada, with hopes to enter the U.
The company has three core assets: There is no doubt about the profit potential in weed. The industry is moving at a rapid pace, with new developments in growing technology and medical treatments popping up quickly and consistently.
While still not federally legal, the idea of marijuana legalization has come a long way in the U. And now that Canada legalized recreational marijuana, the push to do the same here in the U. This desire for legalization is certainly having an impact on the whole marijuana industry.
Investors used to have the slimmest of pickings to choose from, but now, the industry offers growth, legitimacy, and the potential for big profits. In addition to the companies you learned about above, we invite you to learn more about investing in pot stocks. He wants to grab market share. Courtesy Brookfield Asset Management. Brookfield Asset Management BAM is what you buy when you want to invest in something other than stocks and bonds.
Brookfield owns a global portfolio of office, apartment and retail properties; it also owns power plants that run on hydroelectricity, wind and other renewable technologies. Its infrastructure division invests in ports and railroads, and its private equity unit offers limited partnership stakes in real estate and energy. Celgene CELG has a variety of drugs that fight cancer and autoimmune diseases.
Its biggest seller, Revlimid, treats multiple myeloma; analysts at research firm CFRA believe the blockbuster drug can maintain sales growth rates in the teens through Cognizant is focusing on its lucrative digital business, which helps clients with analytics, cloud computing and cybersecurity. For instance, it offers an electronic health records EHR product that helps medical providers keep accurate records while also remaining compliant with changing industry regulations. Coupa Software COUP — which connects businesses with suppliers and manages procurement, billing and budgeting — is a choice for adventurous investors, and profits are only on the verge of showing up.
The company says revenues for the 12 months ending Jan. The agricultural group will break off as Corteva Agriscience, the materials division will be called Dow, and the specialty products businesses will be DuPont. Spin-off shares tend to beat the market over the first two years, with the sum of the parts often adding up to more than the value of the whole. Even pre-split, the firm has good prospects. The shares trade at just 12 times expected earnings.
Only a handful of stocks gain the top ratings for timeliness and safety as well as for financial strength from the Value Line Investment Survey. One is Home Depot HD , the powerhouse home-improvement retailer, whose earnings per share have risen each year since London-based IHS Markit INFO , which provides data and analytics to financial, transportation and energy firms, is one of the most respected companies in a burgeoning 21st-century sector.
The company has built-in diversity. Drug sales are a double-edged sword. The door has been opened to a wave of generic competition that has been in the works for a while. Jones Lang Lasalle JLL , a global property management company, has suffered due to worries that the commercial real estate market may be weakening. Ariel has held shares of its fellow Chicago-based firm since Higher interest rates, lower tax rates, friendlier banking regulations and a strong U.
Nearly half of all U. Expect more of the same in , given a robust investment-banking pipeline and decent loan growth. JPM shares yield 2.
Niall Kennedy via Flickr. NYT is figuring out how to make money, mainly by raising prices for digital and paper subscriptions and by creating advertising opportunities with products such as a daily podcast. The company has almost no debt. The retailer, with stores in 22 states, sells closeout and overstocked merchandise at discounted prices. Shares of Starbucks SBUX , the global coffee-shop chain, have languished for three years, and the company is facing strong domestic competition.
But the market in China is perking up, and the company in May unveiled a plan to open up a new store in the country at a rate of roughly one every 15 hours through the year The company previously targeted 5, stores in China by ; now, it expects to have 6, stores by Courtesy Coolceasar via Wikipedia. The stock trades at 20 times estimated earnings, compared with an average multiple of 25 for its peers.
Ricardo via Wikipedia. We get a glimpse every quarter , in federal filings of Berkshire Hathaway, of what chairman Warren Buffett is buying. The latest report shows that the best investor of our time increased his stake in U.
Forgot Password. Slide Show 21 of How can you be sure you won't lose money? Cisco has this classic triangle pattern breakout on its monthly. Nearly half of all U. AudioEye issued a reverse stock split and began trading on a Nasdaq exchange earlier this year, so investors are still getting used to the new format. And if they picked some big winners in the market on top of that, they could beat the market.
Buffett now owns 7. Morningstar notes that, unlike money-center banks, U. In a bull market closer to its end than its beginning, investors need to be choosy, trimming winners and tossing losers. Here are some candidates to cull. Executives at Colgate-Palmolive CL have chalked up recent struggles to challenges in foreign markets, from which the maker of dental, hygiene and household products derives about three-fourths of its revenues. Weakening currencies are partly to blame.
But even accounting for currency swings, the firm faces challenges from local competitors in foreign markets and from other multinationals, say JPMorgan analysts. Seagate Technology STX makes great computer hard drives. Unfortunately, the industry is moving toward faster, solid-state drives.
And though Seagate has some big customers — HP Inc. Shares in quick-serve burger shop Shake Shack SHAK were sizzling until an August earnings report with mixed results sent them tumbling. But the stock still trades at a whopping 70 times expected earnings in , or more than three times the average restaurant stock multiple.
Meanwhile, diner traffic is down at stores open at least 12 months, higher labor costs are squeezing profit margins, and new store openings — the main driver of growth — are delayed, in part because of labor shortages. Investors should take a healthy serving of profits off the table. Tegna TGNA operates 47 television stations and two radio stations in 39 markets, and it offers marketing services through Tegna Marketing Solutions.