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Gold is Back - How to Profit by April 17
Benzinga· 2026-02-19 21:26
As a trader, I’m less interested in the day-to-day noise, including gold’s recent dip below $5,000/oz, and more focused on what the charts and the data are pointing to next.And since the Friday the 13th slide, the world’s favorite asset has not only regained its footing — it’s tilting bullish again.In fact, as of today, a new gold pattern has started that’s gifting us multiple opportunities to profit. And today, I’m going to show you one of my favorites.VanEck Gold Miners ETFWhen this seasonal pattern trigg ...
3 Best Ancillary Cannabis Stocks for Investors to Watch This Week
Marijuana Stocks | Cannabis Investments And News. Roots Of A Budding Industry.™· 2025-10-12 14:00
Industry Overview - The U.S. cannabis industry is projected to exceed $35 billion in annual sales by 2025 and over $70 billion by 2030 as legalization efforts continue [1][3] - Recent discussions in Congress regarding cannabis rescheduling and the Department of Health and Human Services' recommendation to reclassify cannabis have increased investor optimism [1] Ancillary Companies' Role - Ancillary companies provide essential products and services to cannabis cultivators, including equipment, nutrients, and hydroponic systems, allowing them to operate efficiently without direct plant handling [3][19] - These companies offer investors diversified exposure with lower regulatory risk compared to direct cannabis producers [3] Key Ancillary Stocks - **GrowGeneration Corp. (GRWG)**: Operates a large hydroponic and organic gardening supply chain in the U.S., with over 60 retail locations. Reported approximately $41 million in net sales in the latest quarter, with gross margins improving to around 28% [5][9][10] - **Hydrofarm Holdings Group Inc. (HYFM)**: Designs and distributes hydroponic products, serving commercial cultivators and greenhouses. Recent financial results showed a per-share loss of around $3.60, with revenues impacted by weaker order volumes [11][12][13] - **Scotts Miracle-Gro Company (SMG)**: A leader in gardening solutions, its Hawthorne Gardening division provides hydroponic systems and nutrients. The company reaffirmed its full-year 2025 outlook, with rising demand in the Hawthorne segment and robust free cash flow [14][17][18] Market Dynamics - The cannabis sector is experiencing renewed growth as more states move toward legalization, which is expected to drive demand for cultivation supplies and equipment [1][20] - Ancillary stocks may present strong short-term trading opportunities as the market stabilizes and cultivators increase capacity [2][21]