Despite its explosive gains over the past few weeks, the marijuana industry, in many ways, is still in its infancy. Medical and recreational cannabis sales are forecast to climb to a monstrous $146.4 billion by the end of 2025, according to Grand View Research. Legal marijuana is thus on pace to eclipse both the soda and tobacco industries in terms of value in the next decade.
Even so, investors in this nascent industry still face two major challenges. First off, the top Canadian pot stocks listed on major U.S. exchanges -- Canopy Growth Corporation (NYSE:CGC), Cronos Group (NASDAQ:CRON), and Tilray (NASDAQ:TLRY) -- all sport valuations that seem to suggest that much of this projected upside is already baked in at this point.
The second problem is that the remaining players typically trade on either the less liquid Toronto Stock Exchange or on over-the-counter markets that don't require stringent financial reporting.
Image source: Getty Images.
Best Canadian Stocks To Buy For 2019: Equity Commonwealth(EQC)
Advisors' Opinion:- [By ]
1. Equity Commonwealth (NYSE: EQC)
It may be surprising to find a real estate investment trust (REIT) on this list, but Sam Zell's investment vehicle is preparing itself for a possible debt bomb. Zell's ability to foresee economic trends has built him great wealth. Now, he is selling EQC's holdings to create a cash hoard ready to deploy when debt causes real estate prices to plunge again. - [By Motley Fool Transcription]
Equity Commonwealth (NYSE:EQC)Q4 2018 Earnings Conference CallFebruary 14, 2019, 10:00 a.m. ET
Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks:Operator
- [By Matthew DiLallo]
Equity Commonwealth (NYSE:EQC) continued the steady pare-down of its property portfolio during the fourth quarter, ending the year with only 10 remaining real estate assets. However, for the first time in years, the company's funds from operations increased as it was able to more than offset the lost income with gains elsewhere. But it's not yet clear whether the company's earnings growth will continue, since it has several more property sales in the works, which could weigh on its results until it starts making acquisitions.
- [By Stephan Byrd]
HRPT Properties Trust (NYSE:EQC) had its price target boosted by investment analysts at JMP Securities to $33.00 in a report issued on Tuesday. The brokerage currently has a “market outperform” rating on the real estate investment trust’s stock. JMP Securities’ target price points to a potential upside of 4.04% from the company’s previous close.
- [By Ethan Ryder]
Neuberger Berman Group LLC lowered its stake in HRPT Properties Trust (NYSE:EQC) by 62.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,127 shares of the real estate investment trust’s stock after selling 15,165 shares during the period. Neuberger Berman Group LLC’s holdings in HRPT Properties Trust were worth $307,000 at the end of the most recent quarter.
Best Canadian Stocks To Buy For 2019: Encore Wire Corporation(WIRE)
Advisors' Opinion:- [By Logan Wallace]
Encore Wire (NASDAQ: WIRE) and Arconic (NYSE:ARNC) are both industrial products companies, but which is the better business? We will contrast the two businesses based on the strength of their institutional ownership, valuation, analyst recommendations, profitability, dividends, earnings and risk.
- [By Ethan Ryder]
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- [By Max Byerly]
BidaskClub cut shares of Encore Wire (NASDAQ:WIRE) from a hold rating to a sell rating in a research note issued to investors on Tuesday.
A number of other research analysts also recently commented on the company. Zacks Investment Research raised Encore Wire from a sell rating to a hold rating in a report on Friday, August 10th. DA Davidson set a $60.00 target price on Encore Wire and gave the stock a buy rating in a report on Thursday, August 2nd. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. Encore Wire presently has a consensus rating of Hold and a consensus price target of $60.00.
Best Canadian Stocks To Buy For 2019: Greenlight Capital Re Ltd.(GLRE)
Advisors' Opinion:- [By Max Byerly]
Shares of Greenlight Capital Re, Ltd. (NASDAQ:GLRE) hit a new 52-week low on Wednesday . The company traded as low as $14.05 and last traded at $14.15, with a volume of 249308 shares changing hands. The stock had previously closed at $14.65.
- [By Ethan Ryder]
Greenlight Capital Re (NASDAQ:GLRE) last issued its quarterly earnings results on Monday, April 30th. The financial services provider reported ($3.85) EPS for the quarter, beating the consensus estimate of ($4.43) by $0.58. Greenlight Capital Re had a negative return on equity of 23.81% and a negative net margin of 40.65%. The firm had revenue of $0.14 million during the quarter, compared to analysts’ expectations of $30.20 million. sell-side analysts forecast that Greenlight Capital Re, Ltd. will post -4.2 earnings per share for the current fiscal year.
- [By Logan Wallace]
Greenlight Capital Re (NASDAQ:GLRE) was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.
- [By Logan Wallace]
Get a free copy of the Zacks research report on Greenlight Capital Re (GLRE)
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