Ready to tackle Tuesday?
TheStreet’s Jacob Sonenshine brought you his take in his newsletter this morning, but it’s time to wake up with Katherine Ross and Kevin Curran.
Don’t be so quick to assume that newly relaxed regulations on cannabis in Canada means a huge market expansion for the entire industry, wrote Sonenshine. The new regulations will become official on Wednesday, Oct. 17, making adult use of cannabis legal in all parts of Canada, with specific regions maintaining authority to adjust the rule in some ways. Pot stocks surged on the news. Tilray Inc. popped 11.69% on Monday, Canopy Growth Corp. rose 14.24%, Medmen Enterprises Inc. rose 9.59% and Aurora Cannabis Inc rose 11.03%.
Netflix Inc. is set to report earnings after the bell Tuesday. The stock is down about 16% since its rough earnings report in July, in which it missed earnings estimates and slashed its guidance. TheStreet’s tech columnist Eric Jhonsa said the bar has been now set lower for Netflix, and, of course, the promising stock is way down of late so the earnings print could do investors some good.
Netflix is Real Money’s stock of the day.
SUBSCRIBE |
_
Want to Buy $1 Worth of Stock for 90 Cents or Less? You can with certain so-called “closed-end” mutual funds – an often overlooked investment class. Click here to register for a free online video in which TheStreet’s retirement expert Robert Powell and an all-star panel tell you all you need to know–
___
You can also find us on…
ACTION ALERTS PLUS |
FACEBOOK |
TWITTER |
PODCASTS |
THESTREET.COM |
LINKEDIN |
INSTAGRAM |
Sign up for ActionAlertsPlus.com today for exclusive insight into Jim Cramer’s charitable portfolio:
source
