After Charlie Munger said Bitcoin annual meeting, some may get the idea that all value investors must hate the world’s largest cryptocurrency. Miller also invested his personal money in Bitcoin and is now a Bitcoin billionaire after having purchased the cryptocurrency back in 2014-2015 at an average price around $350 per share, which he continues […]
I will now turn the conference call over to your host, Phil Boggs, Senior Vice President, Investor Relations. There is a slide presentation available and you can find it on the Investor page under the Events and Presentations link on both corporate websites. Actual results could materially differ because of factors discussed in today’s press […]
Federal Reserve Chairman Jerome Powell appeared on 60 Minutes to discuss monetary policy and the recovering economy. Reading between the lines, we can see softening language and specific references to the level of inflation that could trigger future policy changes. With signs of inflation starting to manifest, this interview validated speculation that rates will rise […]
It’s been a wild ride for Bitcoin throughout its 11-year history, and that’s been especially true over the past year. This means that a $1,000 investment in Bitcoin made one year ago would be worth just over $7,100 now. During the same period, the S&P 500 index, which is generally considered to be the best […]
While almost all bank or brokerage accounts have insurance and other protections in place to keep your money safe, the same can’t be said for digital currency exchanges. Some high-profile exchange hacks have shown how easy it is to lose your money. This is one of the main reasons why security is often a big […]
The coronavirus pandemic brought chaos to most other industries, but did the opposite for the marijuana industry. Even with a limited legal market in the U.S., Curaleaf has done wonders and is carving its path toward success with smart growth strategies. Very few of the Canadian pot companies have been able to achieve that, even […]
Food and Drug Administration has fully approved Gilead Sciences’ Veklury for hospitalized patients. Since the start of the pandemic, there have been more than 148 million confirmed cases of COVID-19 worldwide. So, it’s likely the treatment market will remain big — especially for a pill to be taken at home. In Tamiflu’s most profitable year […]
Instead of rushing to open a large number of dispensaries or scaling wholesale partnerships, the company is devoting its efforts to marijuana superstores. Almost of Planet 13’s $70.5 million in sales in 2019 came from its Vegas store, and accounted for about 10% of all cannabis sold in Nevada. Its catalog of vapes, edibles, flowers, […]
When it launched in 2009, Bitcoin was lauded as the world’s first digital currency. Speaking on The Delphi Podcast, Cuban explained that when it comes to Bitcoin being a digital currency, “It’s not going to work.” In his mind, “It’s too hard. Find the best stock broker for you among these top picks. It’s a […]
counterparts are soaring high? Let me tell you the reasons why I am reluctant to own Aurora Cannabis stock. The company won’t see a drastic jump until it invests in new, high-margin products — cannabis derivatives, in particular. Rival Canopy Growth, for example, earned CA$10.5 million in revenue from derivative products alone in its third […]
As I write this, Bitcoin trades for about $60,000, roughly 10 times where it was a year ago. Many exchanges have minimum trade amounts, but it’s usually in the $5 to $10 range, not the $60,000-ish price tag of a full Bitcoin. Buying Bitcoin isn’t free, even when you see “no transaction fee.” Most places […]
Thursday was a solid day for the stock market, with the S&P 500 index reaching all-time highs and other indexes coming in closely behind. If anything can send the market to new records on Friday, it’ll be earnings reports from a couple of stocks with exposure to technology. The day was a volatile one, with […]
Bitcoin IRA is a self-directed trading platform that lets you buy and sell cryptocurrencies and gold within a tax-advantaged individual retirement account . Like any traditional IRA, your contributions are tax deductible in the year you make them, and you’ll only pay taxes when you withdraw funds. In addition to buying digital currencies, you can […]
Back during the gold-rush days, those who supplied picks and shovels to gold miners usually profited more than the gold miners themselves. cannabis market, the business could be in a position to deliver strong double-digit percentage sales growth year in and year out. Still, though, Scotts should be able to count on modest but steady […]
Curiously, BofA was most positive about Canopy’s chances, resuming coverage of the stock with a buy rating and a prediction that the stock will hit $36 a share within a year — a 28.5% gain from its current stock price of about $28. But BofA feels broadly positive about the rest of the marijuana industry […]
Today I’m joined by a very, very special guest, a face and a voice that you maybe haven’t heard on Industry Focus for quite some time, at least I haven’t since I’ve been hosting the Consumer Goods show; it is Motley Fool contributor, Keith Speights. As listeners may be aware, in addition to the work […]
Year-end results released March 23 showed revenue of $20.4 million, nearly quadruple the $4.2 million it recorded in the prior-year period. One of the benefits of investing in a smaller business like this is that because the company isn’t as popular and well-known as a big name like Curaleaf, there is less fanfare around it, […]
On April 20 — which just happens to be known as an unofficial marijuana holiday — Auxly Cannabis Group . As a consumer packaged goods company, Auxly shells out millions of dollars in exchange for a decent sized piece of the crop, along with minority equity interest in its partner companies. After providing financing to its […]
In its update to shareholders, the company reported a purchase of $1.5 billion of “digital assets” in the quarter, as well as $272 million in proceeds from such sales. The sales serve as a fresh reminder that for all of Tesla’s growth, its automotive division is still lagging in terms of profitability. The company’s auto […]
The stock market looked poised for a positive open on Tuesday morning, as investors continued to hope for an economic rebound motivated by COVID-19 vaccine rollouts and pent-up demand from consumers. That should tell whether the gains that we’ve seen in the market over the past year have a chance of sustaining momentum and moving […]