Medical marijuana has been legalized in Mexico since June 2017 and, in 2018, Mexico’s Supreme Court of Justice ruled that banning the plant was unconstitutional.
On April 30, 2021, Mexico's Congress failed to pass adult-use legalization orders that were handed down by five Supreme Court rulings, marking the fourth time the deadline was missed. Now, a bill to legalize recreational cannabis is expected to be brought to a vote.
Health licenses for cultivation, harvesting and production of marijuana in Mexico are exclusively limited to medicinal and research purposes.
Andres Fajardo, CEO of Clever Leaves (NASDAQ:CLVR) considers Mexico as “interesting geography for cannabis,” with over 100 million people “with interesting consumption patterns.”
Clever Leaves entered Mexico via a supply deal with CBD Life Sciences OTCPK: CBDL. The New York-based company will act as a supplier for the development and production of CBD Life's medical cannabis products in over 18,000 points of sale in Mexico.
In an interview, Fajardo highlighted that the country has a pharmaceutical complex, an asset for the processing of cannabis.
Top Medical Stocks To Buy Right Now: Acadia Realty Trust(AKR)
Acadia Realty Trust (the “Trust”) was formed on March 4, 1993 as a Maryland real estate investment trust (“REIT”). All references to “Acadia,” “we,” “us,” “our” and “Company” refer to the Trust and its consolidated subsidiaries. We are a fully integrated REIT focused on the ownership, acquisition, redevelopment and management of high-quality retail properties located primarily in high-barrier-to-entry, supply-constrained, densely-populated metropolitan areas in the United States. We currently own, or have an ownership interest in these properties through our Core Portfolio (as defined below) and our Funds (as defined in Item 1. of this Form 10-K).
All of our assets are held by, and all of our operations are conducted through, Acadia Realty Limited Partnership (the “Operating Partnership”) and entities in which the Operating Partnership owns an interest. As of December 31, 2015, the Trust controlled 95% of the Operating Partnership as the sole general partner. Advisors’ Opinion:
- [By Motley Fool Transcribing]
Acadia Realty Trust (NYSE:AKR) Q4 2018 Earnings Conference CallFeb. 14, 2019 12:00 p.m. ET
Contents:
Prepared Remarks Questions and Answers Call Participants
Prepared Remarks:Operator
- [By Shane Hupp]
Corecivic (NYSE:CXW) and Acadia Realty Trust (NYSE:AKR) are both mid-cap finance companies, but which is the superior stock? We will contrast the two businesses based on the strength of their dividends, valuation, risk, profitability, analyst recommendations, earnings and institutional ownership.
Top Medical Stocks To Buy Right Now: Patterson-UTI Energy, Inc.(PTEN)
Patterson-UTI Energy, Inc., incorporated on October 14, 1993, owns and operates fleets of land-based drilling rigs and a fleet of pressure pumping equipment in the United States. The Company operates in three segments: Contract Drilling, Pressure Pumping, and Oil and Natural Gas. The Company provides contract drilling services to oil and natural gas operators in the continental United States, and western and northern Canada. The Company provides pressure-pumping services to oil and natural gas operators. The Company also invests in oil and natural gas properties.
Contract Drilling
The Company’s Contract Drilling segment markets its contract drilling services to oil and natural gas operators. The Company has approximately 220 land-based drilling rigs based in regions, which include approximately 50 in west Texas and southeastern New Mexico; approximately 20 in north central and east Texas, and northern Louisiana; approximately 40 in the Rocky Mountain region, including Colorado, Utah, Wyoming, Montana and North Dakota; approximately 40 in south Texas; approximately 30 in western Oklahoma; approximately 40 in the Appalachian region, including Pennsylvania, Ohio and West Virginia, and approximately 10 in western and northern Canada. Of these drilling rigs, approximately 200 are electric rigs and approximately 20 are mechanical rigs. Its drilling rigs are equipped with engines, drawworks, masts and pumps to circulate the drilling fluid, blowout preventers, drill pipe and other related equipment.
Pressure Pumping
The Company’s Pressure Pumping segment provides pressure-pumping services to oil and natural gas operators in Texas and the Appalachian region. Pressure pumping services consist of well stimulation, such as hydraulic fracturing and cementing for the completion of wells and remedial work on existing wells. The Company pressure pumping equipment is used in providing hydraulic and nitrogen fracturing services, as well as nitrogen, cementing and acid pumping services with a total of approximately one million hydraulic horsepower.
Oil and Natural Gas
The Company’s Oil and Natural Gas segment owns and invests in oil and natural gas assets as a non-operating working interest owner. The Company’s oil and natural gas working interests are located in producing regions of Texas and New Mexico.
Advisors’ Opinion:
- [By Joseph Griffin]
Get a free copy of the Zacks research report on Patterson-UTI Energy (PTEN)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
- [By Tyler Crowe]
The oil services industry, as a whole, has been a challenging one over the past few years as exploration and production companies have drastically scaled back capital spending. Within the industry, the two segments that have been some of the most difficult to make money in are drilling and pressure pumping (fracking). For Patterson-UTI Energy (NASDAQ:PTEN), weakness in these segments has been a double-whammy because they are Patterson’s two largest businesses. This past quarter was particularly tough because many producers finished their capital spending plans for 2018 early and might not start back up again until later in 2019.
- [By Ethan Ryder]
ILLEGAL ACTIVITY NOTICE: “Legal & General Group Plc Boosts Stake in Patterson-UTI Energy, Inc. (PTEN)” was originally reported by Ticker Report and is the sole property of of Ticker Report. If you are accessing this piece on another domain, it was illegally stolen and reposted in violation of U.S. & international copyright and trademark legislation. The original version of this piece can be read at www.tickerreport.com/banking-finance/4129406/legal-general-group-plc-boosts-stake-in-patterson-uti-energy-inc-pten.html.
- [By Max Byerly]
Get a free copy of the Zacks research report on Patterson-UTI Energy (PTEN)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Top Medical Stocks To Buy Right Now: LENOVO GROUP LIMITED(LNVGY)
Lenovo Group Limited, an investment holding company, develops, manufactures, and markets technology products and services. It operates through Intelligent Devices Group and Data Center Group segments. The company offers commercial and consumer personal computers, as well as servers and workstations; and a family of mobile Internet devices, including tablets and smartphones. It also provides laptops, desktops, phones, accessories, monitors, data center solutions, systems, software, server and storage products, networking products, and replacement parts. In addition, the company manufactures and distributes IT products, computers, computer hardware, and peripheral equipment; and offers IT, business planning, management, supply chain, finance, administration support, procurement agency, data management, intellectual property, investment management, and computer hardware and software systems repair services. Further, it is involved in the retail and service business for consumer electronic products and related digital services; and development, ownership, licensing, and sale of communications hardware and software. The company operates in China, the Asia Pacific, Europe, the Middle East, Africa, and the Americas. Lenovo Group Limited was founded in 1984 and is based in Quarry Bay, Hong Kong.
Advisors’ Opinion:
- [By Matthew Cochrane]
In his opening remarks, CEO Charles Drucker called the company’s global reach “a true differentiator for us,” something that no other payment processor could match. To cite one example, Drucker walked investors through the reasons why Lenovo Group (NASDAQOTH:LNVGY) chose Worldpay to handle the payments of its international operations:
- [By Leo Sun]
PC sales rose in the second and third quarters, but stumbled in Q4 on a shortage of CPUs, macroeconomic challenges, and soft demand for PCs during the holidays. This sounds like dire news for PC makers, but the three market leaders — Lenovo (NASDAQOTH:LNVGY), HP (NYSE:HPQ), and Dell — still grew for the year overall.
- [By Leo Sun]
Shares of Chinese tech giant Lenovo (NASDAQOTH:LNVGY) recently tumbled after a Bloomberg BusinessWeek report claimed the Chinese government used grain-sized chips to hack Super Micro’s (NASDAQ:SMCI) motherboards. The report claims that when Silicon Valley-based Super Micro’s motherboards were assembled at Chinese factories, the Chinese government installed the spy chips to steal trade secrets from Super Micro’s customers, including Apple and Amazon.
- [By Leo Sun]
HP reclaimed its crown as the world’s largest PC maker from Lenovo (NASDAQOTH:LNVGY) last year, thanks to its strength in North America. IDC’s latest numbers indicate that HP controlled 23.9% of the global PC market during the second quarter, compared to Lenovo’s 22.1% share.
Top Medical Stocks To Buy Right Now: Pacific Mercantile Bancorp(PMBC)
Pacific Mercantile Bancorp, incorporated on January 7, 2000, is the holding company for Pacific Mercantile Bank (the Bank). The Company’s business operations are conducted by the Bank. It operates through commercial banking segment. The Bank conducts a commercial banking business in Orange, Los Angeles, San Bernardino and San Diego counties in Southern California. The Bank provides small and medium-size businesses, professional firms and individuals with a range of products and services, such as deposit accounts, commercial and consumer loans, cash management services and online banking services.
Lending Activities
The Bank offers its customers various loan products, including commercial loans and credit lines, accounts receivable and inventory financing, Small Business Administration (SBA) guaranteed business loans, and owner-occupied commercial real estate loans. The Bank’s commercial real estate loans are secured by first trust deeds on nonresidential real property. The commercial loans the Bank offer generally include short-term secured and unsecured business and commercial loans with maturities ranging from 12 to 24 months, accounts receivable financing for terms of approximately 30 months, equipment loans which generally amortize over a period of over seven years, and SBA guaranteed business loans with terms of over 10 years.
The Bank offers a range of banking and financial services to support the needs of business banking clients. These services include online business banking portal, which allows clients to conduct online transactions and access account information; collection services, such as remote deposit capture services (PMB xPress Deposit), remittance payments (Lockbox), and incoming Automated Clearing House (ACH) and wire reporting and notification; payable services, such as checks, wire transfer and ACH origination, business bill pay service, and business credit cards and provision of courier and onsite vault services for those clients with cash needs, and fraud prevention services, such as Positive Pay, ACH Positive Pay and transactional alerts. The Bank has total net loans of approximately $849,733,000.
Investment Activities
The Bank’s investments primarily include securities available for sale, which consist of residential mortgage backed securities issued by the United States agencies; residential collateralized mortgage obligations issued by non agencies; asset backed security, and mutual funds. The Bank’s securities available for sale have a fair value of approximately $52,249,000.
Sources of Funds
The Bank’s sources of funds include deposits, and borrowings and contractual obligations. The Bank’s deposits consist of noninterest bearing demand deposits, interest-bearing checking accounts, money market and savings deposits, and time deposits. Its total deposits amount to approximately $893,840,000.
The Bank competes with Bank of America, Wells Fargo Bank, JPMorgan Chase, Union Bank of California, Bank of the West, U. S. Bancorp, Comerica Bank, Citibank, OneWest Bank, City National Bank, Citizens Business Bank, Manufacturers Bank, and California Bank and Trust.
Advisors’ Opinion:
- [By Ethan Ryder]
Pacific Mercantile Bancorp (NASDAQ:PMBC) and Hope Bancorp (NASDAQ:HOPE) are both finance companies, but which is the better stock? We will contrast the two companies based on the strength of their institutional ownership, risk, dividends, valuation, analyst recommendations, profitability and earnings.
- [By Logan Wallace]
Media stories about Pacific Mercantile Bancorp (NASDAQ:PMBC) have been trending somewhat positive on Thursday, according to Accern Sentiment. The research firm identifies positive and negative press coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Pacific Mercantile Bancorp earned a daily sentiment score of 0.14 on Accern’s scale. Accern also assigned news articles about the bank an impact score of 47.2552381134184 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
- [By Joseph Griffin]
Pacific Mercantile Bancorp (NASDAQ:PMBC) was downgraded by analysts at ValuEngine from a buy rating to a hold rating.
Pzena Investment Management (NYSE:PZN) was downgraded by analysts at ValuEngine from a hold rating to a sell rating.
Top Medical Stocks To Buy Right Now: Alphatec Holdings, Inc.(ATEC)
We are a medical technology company focused on the design, development and promotion of products for the surgical treatment of spine disorders. We have a comprehensive product portfolio and pipeline that addresses the cervical, thoracolumbar and intervertebral regions of the spine and covers a variety of spinal disorders and surgical procedures. Our principal product offerings are focused on the global market for fusion-based spinal disorder solutions. We believe that our products and systems are attractive to surgeons and patients due to enhanced product features and benefits that are designed to simplify surgical procedures and improve patient outcomes. Strategy Our strategy is focused on improving lives by delivering advancements in spinal fusion technologies. Our broad line of spinal products is used to treat many spinal disorders and facilitate the spinal procedures necessary to correct them. Advisors’ Opinion:
- [By Alexander Bird]
Here are last week’s top-performing penny stocks:
Penny Stock Sector Current Share Price Last Week’s Gain
JMU Ltd. (NASDAQ: JMU) Utilities $2.22 133.68%
Aquabounty Technologies Inc. (NASDAQ: AQB) Healthcare $4.89 116.37%
Seelos Therapeutics Inc. (NASDAQ: SEEL) Healthcare $3.39 111.88%
Iconix Brand Group Inc. (NASDAQ: ICON) Industrial Goods $0.35 84.23%
Pulmatrix Inc. (NASDAQ: PULM) Healthcare $1.77 63.89%
Moxian Inc. (NASDAQ: MOXC) Technologies $0.76 60.59%
TDH Holdings Inc. (NASDAQ: PETZ) Basic Materials $0.90 57.72%
Alphatec Holdings Inc. (NASDAQ: ATEC) Services $2.49 54.66%
Tenax Therapeutics Inc. (NASDAQ: TENX) Services $1.99 53.08%
Helios and Matheson Analytics Inc. (OTCMKTS: HMNY) Financial $0.01 44.91%
As last week’s returns demonstrate, penny stocks can generate spectacular returns even when the rest of the market is dipping.
- [By Stephan Byrd]
Stonepine Capital Management LLC bought a new stake in Alphatec Holdings Inc (NASDAQ:ATEC) during the 2nd quarter, HoldingsChannel.com reports. The firm bought 903,224 shares of the medical technology company’s stock, valued at approximately $2,692,000. Alphatec accounts for about 1.6% of Stonepine Capital Management LLC’s portfolio, making the stock its 17th largest holding.
- [By Logan Wallace]
Media stories about Alphatec (NASDAQ:ATEC) have been trending somewhat positive this week, Accern Sentiment reports. The research firm identifies positive and negative press coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Alphatec earned a news impact score of 0.05 on Accern’s scale. Accern also gave news articles about the medical technology company an impact score of 47.5008469727734 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Top Medical Stocks To Buy Right Now: Qiagen N.V.(QGEN)
QIAGEN is a global leader in Sample to Insight solutions that transform biological samples into valuable molecular insights. Our vision is to make improvements in life possible by enabling our customers in four broad classes – Molecular Diagnostics, Applied Testing, Pharma and Academia – to achieve outstanding success and breakthroughs using reliable and efficient Sample to Insight solutions. Sample to Insight solutions are composed of sample and assay technologies, bioinformatics and automation systems. Our solutions support more than 500,000 customers worldwide in generating insights into the molecular building blocks of life. More than two billion biological samples have been prepared or analyzed using QIAGEN sample technologies. Our proven solutions are providing answers in hospitals and laboratories worldwide, integrated with bioinformatics to make sense of the increasing volumes and complexity of data. Advisors’ Opinion:
- [By Shane Hupp]
Qiagen (NYSE:QGEN) last announced its quarterly earnings results on Monday, February 4th. The company reported $0.40 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.40. The business had revenue of $403.20 million during the quarter, compared to analysts’ expectations of $409.32 million. Qiagen had a net margin of 12.68% and a return on equity of 12.15%. The firm’s revenue for the quarter was up 1.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.43 EPS. Research analysts expect that Qiagen NV will post 1.45 EPS for the current fiscal year.
WARNING: “Castleark Management LLC Sells 78,050 Shares of Qiagen NV (QGEN)” was posted by Ticker Report and is owned by of Ticker Report. If you are viewing this story on another publication, it was stolen and reposted in violation of US & international trademark and copyright laws. The correct version of this story can be read at www.tickerreport.com/banking-finance/4205670/castleark-management-llc-sells-78050-shares-of-qiagen-nv-qgen.html.
Qiagen Profile
- [By Keith Speights]
Qiagen (NYSE:QGEN) provides technology used in analyzing liquid biopsies. The company’s CEO, Peer Schatz, specifically cited processing samples for liquid biopsy as a key growth area for Qiagen in his remarks during the company’s Q3 conference call in October.
- [By Motley Fool Transcribing]
Qiagen N.V. (NYSE:QGEN) Q4 2018 Earnings Conference CallFeb. 5, 2019 9:00 a.m. ET
Contents:
Prepared Remarks Questions and Answers Call Participants
Prepared Remarks:Operator
