With so many pot stocks seeing gains in the past month or so, it seems as though the industry is gaining a large amount of traction right now. Of course, marijuana stocks have been quite popular for some time now, but the end of last year helped to bring quite a large amount of negative attention to the industry. This negativity is characterized by some large bearish trading that went on during the last two months of last year.[Read More]
Those two months saw a large amount of pot stock investors taking their money to hold on to it until brighter pastures prevailed. Currently, it seems as though we are once again seeing this positive sentiment begin to creep back in. We are in no way out of the volatility waters yet, but it does look like we are well on the way.
With the exception of some key pot stocks that have nothing but bad news for the near future, it seems like there is a lot of potential in a large portion of the market. Investors should not be prejudice to any one sector of pot stocks. Rather, there are different reasons and incentives for each and every area of the industry. With this in mind, finding the right pot stock to watch can be easier than ever.
A Major Player Amongst Pot Stocks
Aphria (APHA Stock Report) is considered to be one of the largest pot stocks in the industry. The company has had a pretty rough past few months after a scandal left it trading at very low numbers a short while back. Since that time however, the company has been reported as being quite a value buy at the current point in time. But, this could only be the case if investors found there to be a very bright future for the company in the next few months to a year or so.
One of the key aspects that Aphria has going for it is the fact that it has big moves being made in the international cannabis market. This includes areas such as Germany and South America which both present new and intriguing markets respectively. But, with the aforementioned scandal still in its history, the company has some key issues that it needs to convince investors, are over with. But, it does remain a key pot stock to watch.
Another Large Grower Pot Stock
HEXO Corp. (HEXO Stock Report) is another one of the largest pot stocks in the industry. The company also sheds quite a large amount of its value during last year’s trading, but since that time we have seen some positive momentum reenter the business. Much of the low trading value of the company is due to issues in Canada’s marijuana market which have yet to be fully solved.
Additionally, the company has had some troubles with its financials in terms of production and cash flow. With these issues being major dissuaders from investors buying the company, it seems as though HEXO remains a risky pot stock to watch at the current point in time.