Some good news is finally starting to creep into the markets with inflation easing in October. However, GDP growth remains a concern. That’s a key reason why growth-focused penny stocks are trading at depressed valuations. This is still not a market where investors can aggressively take positions in high beta stocks. Accordingly, I would remain…

Among the cheapest legal marijuana plays today, Canadian cannabis company Sundial Growers (NASDAQ:SNDL) has been a popular meme stock in 2021. Just about anyone can afford to buy shares of SNDL stock, as it’s trading under $1 per share. Source: Postmodern Studio / Shutterstock.com The stock is also relatively cheap in the sense that it’s trading at its…

One of the most remarkable developments that sprouted during the onset of the novel coronavirus pandemic was how quickly longstanding paradigms changed. Prior to the global health crisis, financial analysts warned young people that they weren’t investing in equities. However, the popularity of Robinhood (NASDAQ:HOOD) led to the phenomenon of so-called Robinhood stocks to buy. It…

In addition to being a penny stock, Canadian cannabis producer Sundial Growers (NASDAQ:SNDL) has been one of this year’s most-popular meme trades. That, of course, is a recipe for volatility. So far this month, we’ve seen SNDL stock shoot up nearly 50% in just two weeks, only to give back more than half its gains.…

Tilray (NASDAQ:TLRY) stock has climbed since October, but it remains far below its past highs. After the Democratic Party’s “blue wave” in last year’s U.S. elections failed to result in  legalization, the retreat of Canada-based cannabis plays like TLRY stock makes sense. Source: shutterstock.com/Tunatura Pot is now legal in dozens of U.S. states. But without changes…

Sundial Growers (NASDAQ:SNDL) stock exploded earlier this year, rocketing to an all-time high of $3.96 on the strength of a r/WallStreetBets run. Source: Postmodern Studio / Shutterstock.com However, the situation has changed drastically and as Redditors looked elsewhere, shares cratered. Sundial certainly took advantage of the situation. It issued a massive amount of equity to…

The “meme stocks” trend may have eclipsed it, but stocks popular among traders who use Robinhood (NASDAQ:HOOD), aka “Robinhood stocks,” remain some of the most-talked about ones out there. That’s true among both Main Street and Wall Street investors. Unlike its 2021 meme counterpart, this group is a much wider mix of publicly traded names. Included…

In pre-market trading on Friday, cannabis grower Sundial Growers (NASDAQ:SNDL) saw a 33% gain in its share price. Investors who witnessed the move in SNDL stock could have concluded the company had just delivered explosive third-quarter earnings results. Source: Postmodern Studio / Shutterstock.com However, a subsequent cool-off to a 13% gain midway through Friday’s session…

Sundial Growers (NASDAQ:SNDL) stock has been a meme stock for most of this year as well as a bandwagon cannabis stock a bit longer. Source: Postmodern Studio / Shutterstock.com It continues to make the news. But the news seems more the result of sleights of hand rather than changing fortunes. SNDL isn’t alone in being…

Altamira Therapeutics (NASDAQ:CYTO) stock is rocketing higher on Friday following the release of positive results from a nasal spray test. Source: Maridav / Shutterstock Altamira Therapeutics is testing out its Bentrio nasal spray for protection against the Delta variant of Covid-19. The nasal spray was effective against the Alpha variant, which promoted tests against the…

Sundial Growers (NASDAQ:SNDL) stock is trading far from its meme status peak set in February. Source: Postmodern Studio / Shutterstock.com SNDL stock closed at $2.95 on Feb. 10. Short-sellers have a heavy bet against the cannabis firm. Besides poor profitability and valuations, why is Sundial struggling on the stock market? Sundial’s latest acquisition, in an…

After some big moves towards the beginning of 2021, Sundial (NASDAQ:SNDL) stock has been depressed. Source: Postmodern Studio / Shutterstock.com With the exception of a minor rally that faded, the stock hasn’t moved much in the last six months. I believe that a sustainable rally is long overdue for SNDL stock. At current levels of…

Meme stocks continue to create quite the buzz in the markets — and for good reason. Some of the returns investors have seen among this niche group have been very impressive. And while many meme stocks have somewhat leveled off after an incredible first quarter, there’s always the potential for another short squeeze around the…

Today, cannabis stocks are absolutely taking off. Indeed, this move is welcome news for investors in a whole swath of cannabis names. Source: Shutterstock For investors in cannabis producers such as Tilray (NASDAQ:TLRY), Cronos (NASDAQ:CRON), Aurora Cannabis (NASDAQ:ACB) and Sundial Growers (NASDAQ:SNDL), this year started great, but has since fizzled out. What started as excitement around…

Putting it simply, the story with Sundial Growers (NASDAQ:SNDL) has evolved. No longer the legalization lottery ticket it once was, the idea that you can buy SNDL stock today and flip it when the U.S. approves marijuana on the federal level has more or less gone out the window. Source: Postmodern Studio / Shutterstock.com Instead,…

Sundial Growers (NASDAQ:SNDL) will release its upcoming Q3 earnings report on Nov. 11, after the market closes. Investors will be looking to see how well its revenue growth turns out. Depending on how well that goes, SNDL stock might have a chance of stopping its recent slide. Source: Postmodern Studio / Shutterstock.com This is because…

It’s been a weird, wild year so far for investors of Canadian cannabis company Sundial Growers (NASDAQ:SNDL). It appears that SNDL stock got the meme-stock treatment in mid-February, only to get dumped soon afterwards. Source: Postmodern Studio / Shutterstock.com As we’ll see, the $1 level will be significant for Sundial’s shareholders. Maybe Reddit users will start a short squeeze,…