More than half of tested CBD coffees and teas had an inaccurate CBD level.
New Jersey Governor Phil Murphy tweeted “362,000 marijuana cases already expunged. Thousands more to come. With our new cannabis laws, we are turning the page on the failed War on Drugs and ensuring social justice here in New Jersey.”
Lots of news regarding Biden and the pace he's taking with the marijuana legalization, as well as translating that to the opioid crisis. More of a political scene today in the cannabis industry, and we'll see how this plays out over the remainder of the trading day.
See Also: Is The Biden Administration Going To Move On Cannabis Reform?
On Today's Episode we covered the following public companies:
Jushi Holdings Inc. (OTC:JUSHF) Halo Collective Inc (OTC:HCANF) Pharmacielo Ltd (OTC:PCLOF)
Hosted By: Elliot Lane
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NOT FINANCIAL ADVICE
The Information Contained on this Podcast is not intended as, and shall not be understood or construed as, financial advice.
Best Financial Stocks To Own Right Now: Financial Institutions Inc.(FISI)
Financial Institutions, Inc. operates as the holding company for Five Star Bank that provides consumer and commercial banking, and financial services to individuals, municipalities, and businesses in central and western New York. Its deposit accounts consist of noninterest-bearing demand, interest-bearing demand, savings, money market, club, individual retirement, and other qualified plan accounts, as well as certificates of deposit. The company?s loan portfolio comprises commercial loans, commercial real estate loans, one-to-four family residential mortgages, consumer automobile loans, recreational vehicle loans, boat loans, home improvement loans, closed-end home equity loans, home equity lines of credit, collateralized and uncollateralized personal loans, deposit account collateralized loans, commercial and agricultural working capital and revolving lines of credit, commercial and agricultural mortgages, equipment loans, and crop and livestock loans. It operates throug h a network of approximately 51 offices and 70 ATMs in 14 contiguous counties of western and central New York. The company, through its other subsidiary, Five Star Investment Services, Inc., provides brokerage services. Financial Institutions, Inc. was founded in 1931 and is based in Warsaw, New York.
- [By Joseph Griffin]
Financial Institutions, Inc. (NASDAQ:FISI) – Piper Jaffray Companies upped their Q1 2019 earnings per share (EPS) estimates for Financial Institutions in a research report issued on Monday, February 4th. Piper Jaffray Companies analyst M. Breese now expects that the bank will earn $0.61 per share for the quarter, up from their previous forecast of $0.60. Piper Jaffray Companies also issued estimates for Financial Institutions’ Q2 2019 earnings at $0.62 EPS, Q3 2019 earnings at $0.69 EPS, Q4 2019 earnings at $0.70 EPS, FY2019 earnings at $2.62 EPS and Q3 2020 earnings at $0.76 EPS.
- [By Motley Fool Transcribers]
Financial Institutions Inc (NASDAQ:FISI)Q4 2018 Earnings Conference CallFeb. 01, 2019, 9:00 a.m. ET
Prepared Remarks Questions and Answers Call Participants
- [By Max Byerly]
Peoples Bancorp (NASDAQ:PEBO) and Financial Institutions (NASDAQ:FISI) are both small-cap finance companies, but which is the better investment? We will contrast the two companies based on the strength of their earnings, institutional ownership, profitability, analyst recommendations, risk, dividends and valuation.
- [By Max Byerly]
Get a free copy of the Zacks research report on Financial Institutions (FISI)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Best Financial Stocks To Own Right Now: Hut 8 Mining Corp.(HUT)
Hut 8 Mining Corp. operates as a cryptocurrency mining company in North America. The company engages in industrial scale bitcoin mining operations. It also owns and operates 38 BlockBoxes in Drumheller, Alberta; and 56 BlockBoxes in Medicine Hat, Alberta. The company is headquartered in Toronto, Canada.
- [By ]
Deporre feels your pain, as he recently experienced the same ordeal building up a position in Hut 8 Mining (HUT) – Get HUT 8 MINING CORP. Report. Based in Alberta, Canada, Hut 8 is a cryptocurrency miner offering favorable pricing on energy, which is critical to crypto mining. It mines not only bitcoin but has diversified into ethereum.
Best Financial Stocks To Own Right Now: The First of Long Island Corporation(FLIC)
The First of Long Island Corporation operates as a bank holding company for The First National Bank of Long Island that provides various financial services. It offers various deposit products, including checking, money market, savings, escrow service and interest on lawyer, time deposit, NOW, rent security, holiday club, and individual retirement accounts. The company?s loan portfolio consists of commercial and industrial loans; residential and commercial mortgage loans; home equity loans and lines; multifamily loans; construction loans; consumer loans, such as auto and home improvement loans, personal loans, overdraft checking lines, and credit cards; commercial loans, which include short-term business loans, term and installment loans, revolving credit term loans, and loans secured by marketable securities, general business assets, deposits, and surrender value of life insurance policies; and commercial and standby letters of credit. In addition, it provides account rec onciliation, ATM banking, bank by mail, bill payment, cash management, collection, drive-through banking, personal money orders, Internet and telephone banking, merchant credit card depository, lock box, night depository, payroll, remote deposit, securities transactions, signature guarantee, trust and investment management, wire transfers and foreign cables, and withholding tax depository services, as well as offers controlled disbursement accounts, travelers and counter checks, mutual funds, annuities, life insurance and securities, safe deposit boxes, and the U.S. savings bonds. Further, the company provides pension trust, personal trust, estate, and custody services; and insurance agency services, as well as owns a real estate investment trust. It offers its services to privately owned businesses, professionals, consumers, public bodies, and other organizations through its 34 branches primarily in Long Island and Manhattan. The company was founded in 1927 and is based in Glen Head, New York.
- [By Stephan Byrd]
COPYRIGHT VIOLATION WARNING: “First of Long Island Corp (FLIC) Position Trimmed by ClariVest Asset Management LLC” was originally posted by Ticker Report and is the property of of Ticker Report. If you are reading this article on another domain, it was illegally copied and republished in violation of United States and international copyright law. The legal version of this article can be accessed at www.tickerreport.com/banking-finance/4167612/first-of-long-island-corp-flic-position-trimmed-by-clarivest-asset-management-llc.html.
- [By Ethan Ryder]
1ST RES BK EXTO/SH (OTCMKTS:FRSB) and First of Long Island (NASDAQ:FLIC) are both small-cap finance companies, but which is the superior stock? We will compare the two companies based on the strength of their earnings, valuation, dividends, profitability, institutional ownership, analyst recommendations and risk.
- [By Stephan Byrd]
First of Long Island (NASDAQ:FLIC) and 1ST RES BK EXTO/SH (OTCMKTS:FRSB) are both small-cap finance companies, but which is the better business? We will compare the two companies based on the strength of their dividends, institutional ownership, profitability, earnings, analyst recommendations, valuation and risk.
- [By Logan Wallace]
First of Long Island Corp (NASDAQ:FLIC) hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $21.30 and last traded at $21.60, with a volume of 237 shares. The stock had previously closed at $21.50.
Best Financial Stocks To Own Right Now: Upstart Holdings, Inc.(UPST)
Upstart Holdings, Inc. operates a cloud- based artificial intelligence (AI) lending platform. The company's platform aggregates consumer demand for loans and connects it to its network of the company's AI- enabled bank partners. Its platform connects consumers, banks, and institutional investors through a shared AI lending platform. Upstart Holdings, Inc. was incorporated in 2012 and is headquartered in San Mateo, California.
- [By Larry Ramer]
For example, Upstart (NASDAQ:UPST), whose AI platform focuses on enabling higher performing bank loans, has done quite well, generating a large amount of revenue and growing rapidly. Since the scope of Stem’s Athena is also narrow, I expect it to also continue growing rapidly.
- [By Thomas Niel]
Admittedly, SPRT stock has seen a considerable run-up due to the BTC price rebound. Even so, with its sky-high short interest (62.5% of float), popularity among traders, and the comeback potential of its soon-to-be underlying business? Consider this one of the “meme stocks” with the most potential.
Upstart (UPST) Source: Phonlamai Photo / Shutterstock.com
Up nearly 76% in a month, why do I like Upstart stock? Its off the charts run-up may make it look too chancy to dive into right now. But looking at its details, there’s merit to buying in now. Even as it appears to be topping out at around $201 per share. The AI-based lending platform has really started to see its operations take off this year.
- [By Jennifer Saibil (TMFanibird)]
But things are not quite that simple, and investors should focus on the long-term outlook when evaluating a stock. That’s why I’m going with Airbnb (NASDAQ:ABNB), Walt Disney (NYSE:DIS), and Upstart Holdings (NASDAQ:UPST) as hot stocks to buy this month. All three posted incredible growth in the second quarter, and they all have enormous upside.
- [By Nicholas Rossolillo (TMFnrossolillo)]
Much of the financial index’s gain can be attributed to traditional banks and financial institutions recovering from the effects of the pandemic in 2020. But for Upstart Holdings (NASDAQ:UPST), SoFi Technologies (NASDAQ:SOFI), and SVB Financial Group (NASDAQ:SIVB), the story isn’t about recovery. It’s about all-out growth as consumers demand a new type of financial service business built for the digital age. Here’s why I’ve been buying (or planning to buy) more of all three this summer.
Best Financial Stocks To Own Right Now: CME Group Inc.(CME)
CME Group Inc. operates the CME, CBOT, NYMEX, and COMEX regulatory exchanges worldwide. The company provides a range of products available across various asset classes, including futures and options on interest rates, equity indexes, energy, agricultural commodities, metals, foreign exchange, weather, and real estate. It offers various products that provide a means of hedging, speculation, and asset allocation relating to the risks associated with interest rate sensitive instruments, equity ownership, changes in the value of foreign currency, credit risk, and changes in the prices of commodities. CME Group owns and operates clearing house, CME Clearing, which provides clearing and settlement services for exchange-traded contracts and counter derivatives transactions; and also engages in real estate operations. Its primary trade execution facilities consist of its CME Globex electronic trading platform and open outcry trading floors, as well as privately negotiated transact ions that are cleared and settled through its clearing house. In addition, the company offers market data services comprising live quotes, delayed quotes, market reports, and historical data services, as well as involves in index services business. CME Group?s customer base includes professional traders, financial institutions, institutional and individual investors, corporations, manufacturers, producers, and governments. It has strategic partnerships with BM&FBOVESPA S.A., Bursa Malaysia Derivatives, Singapore Exchange Limited, Green Exchange, Dubai Mercantile Exchange, Johannesburg Stock Exchange, and Bolsa Mexicana de Valores, S.A.B. de C.V., as well as joint venture agreement with Dow Jones & Company. The company was formerly known as Chicago Mercantile Exchange Holdings Inc. and changed its name to CME Group Inc. in July 2007. CME Group was founded in 1898 and is headquartered in Chicago, Illinois.
- [By Tezcan Gecgil]
Year-to-date (YTD), ARKF is up over 9% and has returned more than 31% over the past year. The fund hit an all-time-high in mid-February. Yet since then, many of the shares in the ETF have come under pressure. Buy-and-hold investors could consider investing around current levels.
CME Group (CME) Source: Shutterstock
52-week range: $144.85 — $221.82
- [By ]
Cboe Global Markets (CBOE) – Get Report shares rose Wednesday, after a report that competing financial-securities exchange CME Group (CME) – Get Report has proposed buying it for almost $16 billion in stock.
- [By James Brumley (TMFjbrumley)]
At its peak price on Wednesday, Cboe Global Markets (NYSEMKT:CBOE) stock was up more than 9% in response to whispers it was to be acquired by fellow exchange CME Group (NASDAQ:CME). Shares were back near break-even levels for the day, however, after CME Group denied the rumor.
- [By ]
Sure, I will invest more in certain high-confidence picks than others, but without going overboard. This might limit the overall impact that a triple-digit winner makes in my High-Yield Investing portfolio — like the 156% gain we made on CME Group (Nasdaq: CME) when we sold in May 2018 — but it will also soften the blow from a laggard.