The OTC market is home to a lot of sketchy penny stocks. But in the middle of all of the OTC “stinky pinkies,” Fannie Mae (FNMA),Computer Services, Inc. (CSVI) and Kansas City Life Insurance Co(KCLI) offer investors legitimate long-term investment opportunities.
This week, marijuana enthusiasts likely celebrated 4/20 in predictable fashion. Although most serious investors avoid the majority of marijuana stocks like the plague, GW Pharmaceuticals (GWPH), OrganiGram Holdings (OGRMF) and Canopy Growth Corp (TWMJF) all actually have institutional investors.
The latest housing numbers indicate that the home improvement industry is several years away from the peak of its current cycle. In fact, UBS analyst Michael Lasser sees at least another three years of 4.0–5.0 percent growth in the sector.
Amid the heavy market selling on Tuesday, restaurant stocks have performed relatively well. Shares of Cheesecake Factory Inc CAKE 0.34%, Chipotle Mexican Grill, Inc. CMG 1.06%, McDonald’s Corporation MCD 0.72% and Sonic Corporation SONC 0.52% were all in the green on Tuesday morning.
The S&P 500 was approaching the critical 2,100 level when Carl Icahn told CNBC last week that he is “extremely cautious” about stocks.
Citi reported that non-alcoholic beverage sales growth slumped in the most recent four-week period. Although Citi analyst Wendy Nicholson noted that the timing of the Easter holiday likely weighed on the April beverage numbers, the sales deceleration remains troubling for shareholders of The Coca-Cola Co KO 0.31%, PepsiCo, Inc. PEP 0.44%, Dr Pepper Snapple Group…
SolarCity Corp SCTY 10.59% has announced a $227 million cash equity raise, a move that could ease the worries of traders concerned with the company’s softening guidance. Avondale Partners analyst Michael Morosi sees the cash financing as a “major catalyst” for the stock.
It was far from a surprise this week when Halliburton Company HAL 1.43% and Baker Hughes Incorporated BHI 2.31% announced that they would not be taking on the U.S. Department of Justice in court to challenge its potential antitrust lawsuit. The market saw the decision to abandon the merger coming a mile away.
The majority of Q1 auto industry earnings are now out, and the results have been pretty positive overall. Goldman Sachs analyst Patrick Archambault, however, remains cautious on many auto stocks, despite 12 Q1 beats in the space so far versus only two misses.
A relatively weak Q1 earnings season once again has traders worried about a market downfall, yet so far, the S&P 500 has been fairly resilient. In uncertain times like these, pair trades offer the potential for upside with protection to the downside in the event of a market selloff.