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Investing in small cap stocks has historically been a way to outperform the market, as small cap companies typically grow faster on average than the blue chips. That outperformance comes with a price, however, as there are occasional periods of higher volatility. The last 12 months is one of those periods, as the Russell 2000 […]...
Q3 2019 DURECT Corp Earnings Call...
Before we spend days researching a stock idea we like to take a look at how hedge funds and billionaire investors recently traded that stock. Russell 2000 ETF (IWM) lagged the larger S&P 500 ETF (SPY) by more than 10 percentage points since the end of the third quarter of 2018. This means hedge funds […]...
(Bloomberg) -- Explore what’s moving the global economy in the new season of the Stephanomics podcast. Subscribe via Apple Podcast, Spotify or Pocket Cast.Canada’s labor market slipped after two straight months of strength, sending the currency lower and providing the Bank of Canada with more ammunition if it decides to cut interest rates at its next meeting.The country lost 1,800 jobs in October, Statistics Canada said Friday in Ottawa, versus economist expectations for a 15,000 uptick in employment. It was the first month of job losses since July and comes on the heels of a 135,000 job gain over the prior two months. The unemployment rate held steady at 5.5%.While the Bank of Canada left the door open for a rate cut last week after citing ongoing trade tensions weighing on global growth, it’s held off from easing monetary policy in part because of strength in the labor market that’s driving household consumption....
The latest Health Canada stats continue to show the Canadian cannabis market is flooded with supply while most companies are set to further ramp up production capacity and output. Aurora Cannabis (ACB) has long promoted a leadership position in building production capacity despite the expected limitations to the market demand in Canada and around the world. With the stock below $4, investors will want to see the company lead the market in constraining supplies in order to focus on positive cash flows.Soaring Inventories In the latest data for August, Health Canada reported that inventories of dried cannabis continue to soar. The total inventory for the month reached nearly 390,000 kg while sales were only slightly below 13,000 kg.The total inventory of dried cannabis held by cultivators, processors, distributors and retailers in Canada equals over 30 months of sales based on August numbers alone. While some of the supply is being held...
The next major decision for investors will be how to handle the test of the retracement zone at 98.095 to 98.380. Bullish traders are going to try to take out the upper or Fibonacci level of this zone at 98.380. Bearish traders are going to try to form a secondary lower top inside this zone....
