Author: Vitaliy Dadalyan

The Week In Cannabis: Stocks On The Rise, Earnings, Big Cannabis Sales, Moves In Argentina

Cannabis stocks were back in the green this week, as earnings season kicked off.But it was not only companies reporting their sales this week. States like Illinois and Colorado also put out their marihuana figures. Illinois said it saw marijuana tax revenue total $52 million in the six months since it legalized recreational use on Jan. 1\. Over the same period, cannabis sales in the Prairie State amounted to $239 million.Meanwhile, "Colorado continued to show what a juggernaut it is in terms of sales," Debra Borchardt, CEO of Green Market Report, told Benzinga. "$192 million in the month of May during a pandemic is impressive, to say the least. With so many new states coming on, we forget how important Colorado is to this industry."Worldwide legal cannabis spending also surged considerably, posting its biggest year of growth in 2019, according to data firm BDSA. The Arcview Market Research/BDSA forecast model shows...

4 Top Stock Trades for Monday: AMZN, PENN, NIO, NVAX

Stocks ended the week on modest gains, as bulls turn their attention to next week's earnings report. With that in mind, let's look at a few top stock trades for Monday. Top Stock Trades for Monday No. 1: Amazon (AMZN) Click to EnlargeSource: Chart courtesy of StockCharts.comAmazon (NASDAQ:AMZN) has been on a tear from the March lows. Even after the latest pullback, shares are still up about 80% from the lows. The stock is now down for five straight sessions and failing to hold the 10-day moving average. To be honest, this is exactly what you want to see if you are a bull in Amazon. The last thing you want ahead of earnings is a surge higher into the print. InvestorPlace - Stock Market News, Stock Advice & Trading TipsIf shares continue lower ahead of the print, see if the 20-day moving average holds as support, followed by uptrend support...