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Libertex Launched Contract Trading In Bitcoin And Litecoin


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#41 Libertex

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Posted 30 November 2018 - 01:27 PM

Which opportunities does financial scouting bring?
 
When it comes to financial investments, being ahead of the others is a key to success. The drivers influencing the price are constantly changing. This makes it necessary to always monitor both micro and macroeconomics and act fast. As Leo Szilard, a famous scientist, once said, 'In order to succeed it is not necessary to be much cleverer than other people. All you have to do is be one day ahead of them.' This is the best phrase to describe financial scouting, the new service that enables faster trading and gains more profit.
 
Want to know more about financial scouting? - Visit Libertex.com!


#42 Libertex

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Posted 05 December 2018 - 11:23 AM

Marijuana Stocks Falls into the Correction Territory

 

Major Canadian pot stocks were broadly lower, with some prices currently falling by as much as 5 to 6%. The sector has been into the correction territory after soaring in October on recreational cannabis sales rollout in Canada.

 

Now we see a big share price reversal versus the peak prices. The Sector’s leaders Canopy Growth Corp and Tilray Inc fell by about 50% versus their 12-month highs. And some other key names in the sector like Aurora Cannabis Inc plummeted even lower.

 

On the positive side, some good news appeared that, as financial scouts note, might refuel buying in the sector. Specifically, first-ever medical cannabis growing licenses were awarded to private businesses. And some more countries like the UK and Germany might possible make marijuana legal as well.

 

Another big positive news for the marijuana sector companies was that Canopy Growth and some other major cannabis producers have been on the Bloomberg’s 50 Stocks to Watch in 2019 list.

 

We can expect that given a lengthy correction after the bursting growth in October Canopy Growth (СGС) stocks may be down by $29-30 within the week, while Tilray might drop to $100-105, and Aurora Cannabis Inc, Aphria Inc. and Cronos Group might hit the lows at $4.5-$5, $6.5-$7, and $8.2-$8.5, respectively.

 

Ivan Marchena, Libertex Analyst

 



#43 Libertex

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Posted 05 December 2018 - 02:42 PM

Europe’s Investors on the Sidelines, Eyes on Brexit and OPEC+ Meetings

 

European investors’ are waiting to know the Brexit talks outcome and the OPEC+ potential oil supply cut decision.

The G20 summit has yielded good news it brought a temporary truce between the U.S. and China, with the U.S. President Donald Trump and the Chinese leader Xi Jinping agreeing that China will not impose new tariffs on the U.S. car imports and so boosting Europe’s carmakers’ stocks.

Meanwhile, European traders are waiting for the Brexit situation to be finally resolved, with some doubts persisting over if the deal will be reached, with no-deal divorce still a real possibility.

After the G20 summit, all eyes are on the upcoming OPEC+ meetings over December 5-December 7, with the decision to cut the oil supply to hopefully be taken by the organization’s members to curb the oversupply that, as traders fear, might hamper the global oil demand for the next year.

The bad news was Qatar’s announcement of its quitting OPEC as part of the country’s long-term strategy for growing its international energy market presence with a focus on gas. Meanwhile, Russia and Saudi Arabia have agreed to extend the OPEC+ oil pact into next year. So now investors have to sit and wait for some certainty about the oil supply levels.

Ivan Marchena, Libertex Analyst

 



#44 Libertex

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Posted 07 December 2018 - 03:59 PM

Europe’s Markets Will Be under Pressure as Traders Await Brexit Deal Decision and Italy’s Draft Budget Revision

 

For the time being, European investors await the outcome of the UK cabinet meeting to be held soon to see if the draft deal is approved. Meanwhile the UK Parliament continues its debate on the deal ahead of the December 11 vote. If the deal is rejected by the British MPs, the UK will have to leave the EU without a deal, which will hurt the country’s economy badly. So far, the deal is criticized both by the ruling party and opposition.
Traders are anticipating next steps European Commission is bound to make to expand euro use to limit the dominance of the dollar as the global reserve currency. Eurocommission believes that stronger euro will help boost the global financial system’s stability. The euro expansion proposals from Brussels will be considered at the EU leaders’ summit later this month.
Another thing that keeps all eyes on it is Italy’s budget, with the country to submit the new draft budget for 2019 to the European Commission that has rejected the previous draft. Italy’s government is currently contemplates the budget deficit reduction from 2.4% of national GDP as was previously proposed.
Yet another concern is France, with investors waiting for the fuel tax increase to be suspended amid increasingly violent “yellow vest” protests, with France’s President Emmanuel Macron’s reputation bitterly undermined after the three-week unrest.
As for the oil sector, financial scouts think that Europe’s investors’ sentiment will be significantly influenced by which way oil prices will go after the OPEC+ meetings where the oil supply cut decision will be taken (or rejected) by the members.

Ivan Marchena, Libertex Analyst



#45 Libertex

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Posted 11 December 2018 - 05:43 PM

Libertex trading platform adds 5 CFDs on cannabis shares

Libertex has added five new contracts for difference (CFDs) to its trading platform. Starting from December 11th, 2018, traders using our cross-channel platform will be able to trade with the five hottest instruments, which represent the world’s most popular companies operating in the growing sphere of marijuana production and processing.

CFDs on the following shares are now available in Libertex:

Libertex CEO Michael Geiger said: “Marijuana is fast growing sector in Canada and in the US after having recently been legalized for medical and recreational purposes. This has led to a speedy increase in the amount of companies that now grow weed or produce medical products from the plant. Now, an influx in traders seek ways to include these assets into their trading portfolio. We are pleased to be able to satisfy the demand for these financial instruments and add CFDs for the most interesting stocks within the Libertex trading platform.”

About Libertex:

Libertex is an international brand with more than twenty year experience in financial markets and online commerce. Libertex provides investors with access to trade stocks, currencies, indices, commodities, gold, oil, gas and many other financial instruments. The Libertex team has more than 2,200,000 customers in Latin America, Europe and Asia owing to its first-class service. The platform has more than 150 commercial instruments. In 2016, Libertex was recognized by the Forex EXPO Awards as the best trading platform; and Global Banking and Finance Review named it the best trading application in the EAEU. In 2017, the Forex Awards named Libertex the best trading application and cryptocurrency broker.

 



#46 Libertex

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Posted 11 December 2018 - 07:48 PM

Europe’s Investors Still Anxious, Prices Highly Volatile

 

European stocks are still being struck by volatility, and investors continue to be anxious about the Huawei CFO’s arrest dimming US-China trade talks, which prompted the European Commission to express concerns about the risk of unauthorized data collection by Chinese technology companies in Europe.
Meanwhile, given the recent US economic statistics, traders believe that the Federal Reserve will likely be flexible on plans to ratchet up interest rates in 2019 after this year’s 3 hikes, with the rate raised first in March, then in June, and then in September. Still, a fourth rate hike is expected to happen, and the FOMC meeting on December 18-19 is the likely occasion. So far we don’t know the number of interest rate hikes the Fed has projected for 2019. Though 3 hikes were planned, the regulator might decide to reduce the number should the economy worsen.
The oil market was somewhat eased by the OPEC+ announcing the oil output to be cut next year, with the aggregate global oil supply to be reduced by 1.2 million bpd for 6 months starting January 2019 as agreed in the OPEC+ ministers’ meeting, with the OPEC countries to slow down their oil production by 800k bpd, and the supply from the non-OPEC countries to be cut by 400k bpd.

As news and expectations remain mixed, the European markets are likely to remain very volatile in the offing. Financial scouts are confident that traders will continue to feel uneasy about the global developments.

 

Ivan Marchena, Libertex Analyst


Pot Stocks’ Fall Continues, As Marijuana Market Corrects to Fair Levels

Cannabis stocks continue their fall as they move deeper into the bearish territory and farther away from the October peaks. After the boom coming on the back recreational marijuana legalization, the stocks now go back down to fair levels.
As marijuana market is massively driven by speculation with its stock prices overinflated, the current prices have been too far from real, with the stocks overbought. Many investors have painted too rosy a picture about the sector’s companies, expecting sales to skyrocket and yield super profits. In fact, many of cannabis producers failed to have a clear and effective business plans, and the expectations of the continuing blasting growth have never become a reality.

Meanwhile, some major cannabis growers like Canopy Growth and Tilray do better than the rest of the segment, even after quite significant segment-wide price sag occurring last week. That said, the two companies’ stock may be good enough to buy for the long-term. A good thing for Tilray, and a long-term catalyst for its stock, is that it might get an appreciable share of the US marijuana market as planned, if cannabis is legalized throughout the US. Meanwhile, Canopy’s strengths are its production scale and market size.

It is likely that the pot sector will continue to lose ground in the week to come. Canopy Growth (СGС) price is expected to drop to $25-$27, Tilray (TLRY) will be down at $95-$97, while Aurora Cannabis Inc (ACB) and Cronos Group (CRON) are to be priced $3.8-$4 and $9.8-$10, respectively. Aphria Inc. (APHA) stands out with its price really very volatile going 20% up or down intraday. And it looks like this will continue with the price to steadily range from $5 to $5.5.

 

Ivan Marchena, Libertex Analyst



#47 Libertex

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Posted 18 December 2018 - 03:07 PM

Marijuana Stocks May Become More Upbeat On Major Investors’ Getting Attracted to the Pot Sector, Marijuana Growers’ International Expansion Plans

 

Canadian marijuana growers’ stocks’ fall was blunted by a bunch of positive news that bode well for the sector. The most important positive cue is that investors expect marijuana to be legalized throughout the whole country in the U.S. If this happens, this is likely to trigger a cannabis sector boom similar to the one that followed the legalization of the recreational marijuana in Canada. Though the pot sector has been spiraling downward for several months in a row after the boom.

Another really positive thing is that major investors are eyeing the sector. Illustratively, the California Public Employees' Retirement System (CalPERS) scoops up the sector’s stock, specifically, by investing into Tilray, Canadian marijuana producer and a global pioneer in cannabis production and distribution.

What’s more is that Tilray has announced the formation of its International Advisory Board that is an esteemed group of business and government leaders from countries where marijuana is legalized or moving for legalization, who will provide guidance to Tilray’s executive team and Board of Directors as the company pursues its aggressive global growth strategy.

Meanwhile, Canada’s Aurora Cannabis Inc made it clear that it is set to expand into the Mexico’s market by buying Farmacias Magistrales, a Mexican importer of raw materials containing THC.

Financial scouts expect that in the marijuana sector stock will grow appreciably in the days to come, with Tilray (TLRY) to go up to $76-$76.5, Aurora Cannabis (ACB) to climb to $6.5-$7, and Canopy Growth (CGC), Aphria (APHA) and Cronos Group (CRON) to go up to $32-$33, $6-6.5, and $11.5-$12, respectively.

Ivan Marchena, Libertex Analyst

 

 



#48 Libertex

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Posted 21 December 2018 - 06:43 PM

Marijuana Stocks Resumed Fall After a Short-Lived Growth Spree

 

After the recent short-lived growth spree, Canada’s marijuana growers’ stocks fell back to reality, and so the downslide in the sector continued. Investors, who used to feel really upbeat as they anticipated marijuana to be legalized throughout all the U.S. states, now fear that this might not actually happen. Financial scouts believe that the greatest risk now faced by the pot sector is that marijuana sales may be banned under U.S. federal laws. And even though the ban is not really likely to be imposed, investors are slightly wary that it might be passed.

Meanwhile, the good news that might bolster Tilray stock was that the world’s largest brewer AB InBev and Tilray are teaming up to research cannabis-infused beverages through AB InBev’s Ontario-based subsidiary Labatt, with each partner to contribute up to $50 million to the joint venture. Previously, Tilray also announced an exclusive global distribution agreement for medical marijuana with pharmaceutical giant Novartis.

Still, with the stocks back into the bearish territory, we can expect the prices to sink. In the days to come, Canopy Growth (СGС) might slide down to $27.5, with Tilray (TLRY) likely drop to $70, while Aurora Cannabis Inc (ACB) Group and Aphria Inc. (APHA) are likely to slide down to $5, and Cronos might   fall to $10.5.

Ivan Marchena, Libertex Analyst

 



#49 Libertex

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Posted 26 December 2018 - 02:03 PM

Pot Stocks Might Be Up After the Christmas Recess

Canada’s cannabis stocks might grow appreciably after the Christmas trading break. Just before the holiday closing, the pot sector was feeling quite upbeat, with the Aphria Inc NYSE price notching up by a hefty 14% on December 24. The sector has caught the investors’ interest now for multiple reasons. One of them is that the U.S. stock market was brutally downbeat on Christmas Eve, having the worst pre-Christmas day on record. Investors’ being pessimistic about more conventional assets is due to the U.S. political gridlock, with the country’s President Donald Trump not willing to approve the 2019 spending bill without the Mexico border wall funding. As traders get disappointed about the classical investment instruments, they start eyeing more offbeat segments like cannabis and cryptocurrencies (where a pre-Christmas turbulent growth occurred as well). Another driver propelling the cannabis sector upward is the expectations that marijuana might soon become legal throughout the U.S. Should cannabis be legalized federally across the United States, marijuana growers will have a huge market for their produce. And given that the marijuana stocks have been pulled really far back from the October 2018 highs registered after recreational cannabis was legalized in Canada, there’s a really sizeable room for growth for the pot sector. We can expect that after the Christmas Recess in the U.S. Aurora Cannabis Inc (ACB) might grow to $5.5, while Canopy Growth Corp (CGC) might be up to $27, and Cronos Group Inc (CRON) and Aphria Inc (APHA) might climb up to $10.5 and $6, respectively.

Ivan Marchena, Libertex Analyst

 



#50 Libertex

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Posted 29 December 2018 - 02:35 PM

Precious Metals, Marijuana Stocks May Be a Good Choice for Investors for 2019, Cryptocurrencies, Oil Futures To Be Very Volatile.
The upcoming year may bring a lot of unpredictability as far as the market outlook for classical assets is concerned. Stock markets and dollar will continue to face pressure due to the persisting global political tensions and uncertainties like the U.S.-China trade war that has still not been resolved, the oil oversupply fears, and the lack of clarity about further U.S. Federal Reserve stance on the interest rate.
Should the Fed be somewhat back to the accommodative policy and implement fewer rate hikes than planned earlier, the dollar might be headed south.
Meanwhile, more offbeat instruments like cryptocurrencies also do not look too strong and promising. The cryptocurrency market had slumped over 2018, with many bitcoin mining and cryptocurrency companies hurt badly by the downslide. This downward dynamics will probably continue in 2019, as there are no real cues for growth yet.
Marijuana stocks might be of interest to investors now as markets waits for cannabis to be legalized federally throughout the U.S. Should this happen, the post sector stocks will skyrocket.

Precious metals, too, remain a good choice for investors as a safe haven asset to invest into amid volatile market.

 

Ivan Marchena, analyst of Libertex

 



#51 Libertex

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Posted 10 January 2019 - 12:54 PM

Europe’s Stocks Continue Growing On Weaker Euro

There are some odds for Europe’s stock indices to grow now that the Euro has weakened versus the U.S. dollar, and that investors are waiting for the outcomes of the U.S.-China trade talks.
The exporters’ stocks dynamics are fostered by the weakening EU currency, as companies’ dollar-denominated revenues grow accordingly. The Euro has slid downward on the not too upbeat Euro Area statistics. Financial scouts note that this market sentiment indicator has hit the lowest levels in December 2018 since January 2017.
Investors’ optimism is refuelled by the U.S.-China trade negotiations in Beijing with the U.S. President Donald Trump saying that the talks were “going very well” and “big progress” was being made. The U.S. leader said he hoped that the two countries would be able work out a long-term deal regarding all of the critical issues.
One more thing European investors are waiting to know is what will be the outcome of the UK House of Commons Brexit deal vote slated for January 14. Initially, the vote was scheduled for December 11, but then it was postponed by the UK Prime Minister Theresa May. Now Britain and the EU are racing towards B-day, with the UK to leave the European Union by March 29.

Ivan Marchena, Libertex Analyst

 

 



#52 Libertex

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Posted 15 January 2019 - 05:48 PM

Financial Scouts: European Investors Apprehensive of the U.S. Government Shutdown, Possible China’s Economic Slowdown Impact

 

European stock markets continue facing pressures on the U.S. government shutdown and China’s economic outlook related wariness.
The current government shutdown is the longest in the U.S. history. The U.S. federal government has been in a partial shutdown since December 22, 2018 with a slew of key government agencies such as Department of State, Department of Justice and Department of Transportation affected due to the differences between the country’s President Donald Trump and Democrats over funding for the U.S.-Mexico border wall. With great many of the country’s main agencies’ employees not working, the U.S. economy is being hurt really badly, which reverberates onto the global economy overall.
What’s more is that Europe’s investors fear that China’s economy might face challenges, too, with the concerns fuelled by the country’s economic statistics being rather weak lately. The two most downbeat indicators here are the country’s imports and exports that are sliding down on a persisting U.S.-China trade war. And though both countries have made some steps in order to put an end to the situation that is toxic to all parties concerned, there’s still a long way to go until the dispute is finally resolved.
For Europe itself, Brexit remains a burning issue with no deal reached yet, while Britain is slated to leave the EU on March 29 either with or without a deal.

 

 

Ivan Marchena, Libertex Analyst

 

 



#53 Libertex

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Posted 16 January 2019 - 11:19 AM

Marijuana Stocks Grow on Corporate News

Canada’s marijuana growers’ stocks traded in the U.S. markets are growing as they stabilize from a harsh correction. However, in the long run, the pot sector is likely to be affected by the U.S. internal political issues that will hurt the market across the board as well.

The U.S. is now seeing the longest government shutdown on record, with a great number of employees at the country’s key agencies not working since December 22, 2018, which is detrimental to the U.S. national economy and its overall stock market overall.

Contrastingly, Tilray (TLRY) stock grew appreciably, as Privateer Holdings that owns the majority of Tilray's outstanding shares, announced it had no plans to “register, sell or distribute” its holdings “during the first half of 2019”. Given that the stock surged higher and kept on going and going above its IPO price, but then finally were back under $100, and with the upcoming IPO lock-up expiration, investors previously feared that some of the cannabis grower’s stock holders might want to sell it.

Aphria (APHA) stock was hurt by the news that its CEO Vic Neufeld and co-founder Cole Cacciavillani will part ways with the company “over the coming months”, which was counterbalanced by the business’ strong figures as its earnings soared by more than 60%.

Meanwhile, Aurora Cannabis (ACB) was bolstered up as its sales were predicted to grow.

Financial scouts anticipate that, in the offing, Canopy Growth (СGС) and Tilray are likely to jump to $40-$41 and $98-$100, while Aurora Cannabis Inc (ACB), Aphria Inc. and Cronos Group (СRON) are soon to be priced at $7-$7.5, $7.5-$8, and $14-$15, respectively.

Ivan Marchena, Libertex Analyst

 



#54 Libertex

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Posted 22 January 2019 - 03:50 PM

Cannabis Stocks’ Prices Grow on the Upbeat U.S. Cannabis Market Outlook

Canada’s cannabis growers’ stocks traded in the U.S. market have been marching vigorously up since 2018 Farm Bill had made hemp, and thus CBD oil, legal across all of the U.S. states.

This news was followed by Canopy Growth’s (CGC) announcement of its having received a license by the state of New York to grow and process hemp and being set to further spread its roots outside Canada, planning to invest somewhere between $100 million and $150 million into its New York-based operations.

Meanwhile, Aurora Cannabis’ CCO said the cannabis grower will unveil a plan to produce hemp-derived CBD for the U.S. market in the next few months.

Contrastingly, Tilray has stood out negatively, as it slid down by about 10% after the IPO lockup had expired. But on the positive side, Tilray will become the preferred supplier for CBD products for Authentic Brands, which might bolster up the cannabis sector’s heavyweight’s stock prices.

Financial scouts predict that the cannabis sector stocks are set to grow in the days to come, given the bright U.S. cannabis market outlook. Specifically, Canopy Growth and Tilray (TLRY) are likely to trade at $44-$45 and $78-$79, respectively. And Aurora Cannabis’,  Aphria’s (APHA) and Сronos Group’s (CRON) stock’s respective prices are expected to range $7-$7.5, $7.5-$8, and $16-$17.

Ivan Marchena, Libertex Analyst

 



#55 Libertex

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Posted 22 January 2019 - 05:09 PM

Signals Mixed for Europe’s Markets

Financial scouts note that European stock markets now face many incoming cues that are really mixed. The biggest current news on both sides of the spectrum is the Brexit uncertainty and the meaningful progress towards resolving the U.S.-China trade war.
So while the Brexit news make investors feel downbeat with Britain’s withdrawal date very close now and no deal approved yet, the U.S. and China seem to be mending their relationship after the spat. European investors are inspired by the news that the extra-high Chinese imports tariffs might be “reduced and removed”, which is a positive cue for European traders who had previously been worried that the U.S. might introduce new increased on car imports from Europe.
Also, traders in Europe are keeping track of the Davos World Economic Forum news, with some important announcements likely to be made there even though some of the key political figures and leaders like U.S. President Donald Trump and French President Emmanuel Macron are not going to Davos this year.
According to financial scouts, another thing that drives Europe’s markets is oil prices that demonstrate ambiguous dynamics. The medium-term positive driver here was the OPEC+ decision to cut the production that was passed in December 2018. So the decreased oil production eased investors’ concerns over possible oil oversupply.

Ivan Marchena, Libertex Analyst

 



#56 Libertex

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Posted 25 January 2019 - 01:21 PM

European Market Sentiment to be Driven by Corporate Reporting Figures, U.S.-China Trade War Resolution Progress

 

European traders (and investors globally, too) are wary that global economy outlook for the years to come might be gloomy. All of the latest statistics updates flag an impending downturn with leading countries’ economic performances to slow down for the short term at least. This is true for the U.S., Asia, and Europe itself.
Hence, in Europe, all eyes on the U.S.-China trade conflict resolution developments, as the persisting trade spat is a major negative driver for all economies across the globe. But then, there have been some positive cues lately, like U.S. President Donald Trump’s upbeat tweets or comments, suggesting that the trade war may eventually be settled. Mr. Trump is confident that fair trade deal will be reached in one way or another.
Another focus of interest catching the European investors’ attention is the European Bank’s stand on the economic growth outlook both for Europe and globally. Recently, the ECB’s economic growth fears have risen in line with its peers’ economic sentiment pattern.
One more important driver that will shape the European stock market dynamics in the offing is the EU business majors’ quarterly reports that have started to be published. So far, the figures look not too good, making investors feel downbeat.

Ivan Marchena, Libertex Analyst

 

 



#57 Libertex

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Posted 29 January 2019 - 12:02 PM

Cannabis Growers’ Stock to Continue Along the Upward Path on Investors’ Optimism

Canada’s cannabis producers’ stocks have continued to rise, as investors have been anticipating upbeat developments for the sector. Moreover, there is some really good news to propel particular growers’ stocks higher.

Canopy Growth (СGC) has been the sector’s top performer, as its stock had jumped up by more than 80 percent over the first three weeks of January and skyrocketed by 10 percent last Friday on news that major stock analysts had boosted their views on the cannabis company. 

The news that really bolstered Canopy Growth stock was the grower’s management’s announcement of the company’s having received a license by the state of New York to grow and process hemp. Now the cannabis producer is set to invest somewhere between $100 million and $150 million into its New York-based “hemp industrial park” where cannabis research and production operations will be combined.

The good news for Tilray (TLRY) was the Canadian cannabis company’s unveiling the deal to buy Natura Naturals Holdings Inc, that is expected to close within the next 30 days.

Given the investors’ optimism, the cannabis stocks are likely to continue climbing to higher levels. The financial scouts forecast that Canopy Growth (СGС) might climb to $50, and Tilray might grow to $77, while Aurora Cannabis Inc (ACB), Aphria Inc. (APHA) and Cronos are predicted to be priced up to $7, $7.5 and $17-$18, respectively.

Ivan Marchena, Libertex Analyst

 



#58 Libertex

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Posted 01 February 2019 - 01:39 PM

Cannabis Stocks Grow On Sector’s Strong Earnings Reports

 

The strong earnings reported by the cannabis sector have provided a powerful growth impetus for the growers’ stocks. A very conspicuous one was Organigram Holdings Inc that reported record high sales growth for the quarter, with the figure topping 400%. The figures as strong as that combined with Organigram management’s planning to double the sales prompted investors to expect that other cannabis companies have a very good upside for growth, too.

Now investors anticipate just as upbeat sales and earnings reports to be published by other cannabis growers. They believe that the sector has started to boom, and many cannabis growers will be able to earn really big money.

Tilray (TLRY) stands out as underperformer, with its stock price declining on the back of the company’s two insiders announcing the sale of their stakes in the business. Tilray CEO Brendan Kennedy sold 149,916 Tilray shares for $11.1 million.

According to financial scouts, the cannabis market will continue to remain upbeat. With the strong financial and production reporting figures likely to be published, Canopy Growth (СGС) and Tilray are likely to grow to appreciable $49-$49.5 and $78-$80, respectively, in the days to come. And Aurora Cannabis Inc (ACB), Aphria Inc. (APHA) and Cronos (CRON) might climb to $7.5-$8, $8-$8.5 and $19-$19.5 in the offing, financial scouts say.

 

Ivan Marchena, Libertex Analyst

 

 

 



#59 Libertex

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Posted 06 February 2019 - 04:43 PM

Cannabis producer stocks continue their rally

 

Increased investor confidence in the future of cannabis is helping shares in Canadian cannabis producers to sustain their rally,  This is true of both the medicinal and recreational-use markets. Additionally, the US's legalisation of hemp has opened up this market to a number of major Canadian producers who see significant changes in US legislation on the horizon.

There was even more good news for Cronos Group with industry heavyweight Altria investing $1.8 billion in the company in return for a 45% stake.

Short-term market sentiment will be determined by the quarterly financial reports of Aurora Cannabis (ACB), Cronos Group and Tilray (TLRY), which are to be published within the next few weeks. Investors will be expecting these producers to report sharp sales growth as a result of the recent increase in market outlets. They will also want to hear about their respective 2019 strategies.

For these reasons, we can expect to see increased volatility in this sector and any remotely significant development could trigger a marked jump or abrupt drop in share prices.

Financial scouts are predicting unit share price rises for the major cannabis producers within the following ranges: Canopy Growth (CGC) - $50-50.5, Cronos Group (CRON) $24-25, and Aphria Inc. - $11-12. Meanwhile, they expect shares in Aurora Cannabis to hit the $8.5-9 mark, with Tilray rising as high as $84-85.

 

Ivan Marchena, Libertex Analyst

 



#60 Libertex

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Posted 08 February 2019 - 07:09 PM

No discernible pattern to cannabis producer stock movements but general growth likely

Ambiguous news has meant there is no consistent pattern to cannabis producer share movements. For example, shares in Tilray (TLRY) are rising strongly after reports of a deal with Ohio-based Green Growth Brands that will see the Canadian company supply its US partner with CBD.

Aurora Cannabis Inc's (ACB) share price also increased significantly on news that its partner, Radient Technologies, had been granted a cannabis production license by the Canadian authorities. Following this announcement, the company's shares reached their highest level since the sector-wide boom we saw in November of the previous year.

Meanwhile, Canopy Growth Corp (CGC) is showing slightly lower share price growth, with Aphria Inc (APHA) firmly among the market minnows.

Financial scouts forecast that shares in cannabis producers could continue on their relative up-trend into the near future. Tilray's share price could grow to $80-80.5, while Aurora Cannabis Inc's might reach the $8.5-9 mark. Similarly, we could see Canopy Growth Corp hit $47.5-48, with shares in Aphria Inc and Cronos Group Inc (CRON) rising to $10.5-11 and $22-23 respectively.

Ivan Marchena, Libertex Analyst

 






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