Looking past the short squeezes to the resource sectors that continue to preform
Sean Brodrick joins me to share the sectors, mostly resources, that he sees as having the best upside in the near term. A lot of these sectors have been in uptrends for months now however there is one mentioned where the stocks have been selling off. As Sean points out, it’s all about the stocks leading the underlying metal.
Please email me if you are interested in any of Sean’s newsletters. He covers a wide range of sectors. I am happy to out you in touch with Sean to discuss which strategy is best for you. My email is Fleck@kereport.com.
Yes thanks for posting that. See how huge each states market is for rec pot…..and Cresco and curaleaf have a good foothold there already. The big 4 MSO’s will keep growing…..
Hi Wolfster – Is there a cannibis ETF you track?
Well you are probably aware I prefer individual plays as I can load up on warrants for extra leverage but the one etf I know of that holds the big 4 MSO’s plays is aptly named MSOS.
Thanks Wolfster. What is your favorite individual play currently? Cresco and Curaleaf? Since I am in the U.S. I was looking for a U.S. multi-state producer. I don’t know who the 4 MSO’s are so maybe you could name them for me? Thanks in advance.
Trulieve curaleaf green thumb and Cresco are top 4 MSO’s ….I like Cresco as I feel it’s undervalued relative to the other 3 but I could be wrong. Also the Cresco has October 2022 warrants that give better leverage…
I’ve said this a million times… Your the champ of warrants and some day you will give us a lecture about it 😃
Pierre Lassonde:
Thanks cfs, well worth the time.
Ron Paul talks police state:
It was nice to hear Sean & Cory discussing the Uranium miners, as they have really been doing well over the last year.
Look at this chart of (NXE) NexGen where during the pandemic crash last March it got down to $.50 and closed Wednesday at $3.25. That a 6 bagger in less than a year.
(DNN) Denison [which Sean mentioned] rose from it’s March lows at $.19 and closed Wednesday at $.735.
(URG) Ur-Energy rose from it’s March lows at $.271 and closed Wednesday at $.92 (but had surged up to $1.34 earlier in January for nearly a 5 bagger).
(UUUU) Energy Fuels rose from it’s March lows at $.78 to close on Wednesday at $4.27, for more than a 5 bagger.
(UEC) Uranium Energy Corp rose from it’s March lows at $.35 to close on Wednesday at $1.75, for more another 5 bagger (and had spiked in January to $2.17 for a 6 bagger).
(EU.V) Encore Energy rose from it’s March lows at $.075 to close on Wednesday at $.91, for more than a 12 bagger.
(GLO.TO) Global Atomic Corp rose from it’s March lows at $.23 to close on Wednesday at $1.55, for more than a 6 bagger (and had spiked in January to $1.88 for an 8 bagger).
The point being that many of these Uranium stocks have offered outsized performance compared to most other market sectors, and so far, most investors are complacent and there isn’t that much buzz in the financial press on the U sector. When investors do wake up to what is set to happen in the Uranium space, there are many that have easy doubles, triples, and more from current levels, but some of the easiest money was just made in 2020 going into early 2021.
Pot:
The [wholesale] cost per pound, I believe, will start to skyrocket in the next few weeks,” predicted Greta Brandt, president of The Flower Shop (a private Arizona operator with three outlets), in an interview with Marijuana Business Daily. She noted that her stores have done about triple their usual business since recreational sales started last week (as compared with the previous medical-only sales), which is in line with what other operators are reporting. Given that the recreational market launched faster than expected, and the fact that COVID-19 delayed construction of new cultivation sites, some of these operators are already experiencing supply chain backlogs and lower-than-desired inventories.