With more states legalizing marijuana in 2017, there are countless new laws being written across the country. And while some may first view these laws as prohibitive, they will actually create mega-investment opportunities in marijuana stocks in 2017.
One of the biggest areas these new laws focus on is impaired driving. Right now, judging marijuana impairment is subjective and timely for law enforcement agencies.
For example, Oregon uses Drug Recognition Experts to evaluate if a driver or test subject is under the influence of drugs, according to TheWeedBlog.com. And their “general indicators” for marijuana impairment aren’t scientific.
Some of the indicators include:
Very red eyesRelaxed inhibitionsIncreased appetitePossible paranoiaDisorientation
In Canada, police officers who have completed a rigorous training course have to use an 11-step checklist to judge impairment. According to Global News, it took almost two hours to test a driver for ma rijuana impairment in a Saskatchewan case.
stock market top stocks: Activision Blizzard, Inc(ATVI)
- [By Peter Graham]
In February 2016, King Digital Entertainment PLC (NYSE: KING) was acquired by Activision Blizzard, Inc (NASDAQ: ATVI) for $5.9 billion.
A technical chart for Glu Mobile shows a November reversal with shares back above a key resistance or support level:
- [By Sreekanth Anasa]
NetEase with its focus on mobile is well positioned to capture the mobile advertising services business in China. As mentioned in the earnings call, its advertising business is in for steady growth. The Mobile News App will be a key growth driver. Also, the games released in partnership with Activision Blizzard (NASDAQ:ATVI)(Blizzard Entertainments) have been a huge hit. To quote from the earnings call: “Overwatch also established a new sales record in the category of buy-to-play PC-client games in mainland China, with more than five million copies sold by the end of December since its late May release.” In 2017, expansion packs of existing games and some new ones are expected which could also become ahuge hit among the Chinese gamers. This really bodes well for NetEase since licensed games such as Blizzard Entertainment’s Overwatch was also one of the prime reasons for the growth in online game services gross profit in 2016.
- [By Joe Tenebruso]
While some are attempting to profit from this trend by buying stock in console makers such as Sony or Microsoft, investors may be best served by instead purchasing shares of the top video game makers, such as Activision Blizzard (NASDAQ:ATVI) and Electronic Arts (NASDAQ:EA).
stock market top stocks: Forward Pharma A/S(FWP)
- [By Jim Robertson]
Last Friday, our Under the Radar Moversnewsletter suggested going long on small cap clinical-stage biopharmaceutical stock Forward Pharma A/S (NASDAQ: FWP):
- [By George Budwell]
Shares of theDanish drugmaker Forward Pharma A/S (NASDAQ:FWP) gained 48.2% yesterday as the result of a settlement and licensing deal with Biogen (NASDAQ:BIIB)involving an ongoing patent dispute over the multiple sclerosis drug Tecfidera. Per the terms of the deal, Biogen will fork overa non-refundable$1.25 billion licensing fee, and possibly pay 10% to 20% royalties on Tecfidera’snet sales to Forward starting in 2021.
stock market top stocks: Nucor Corporation(NUE)
- [By Jon C. Ogg]
Then there are the steel plays. United States Steel Corp. (NYSE: X) was up 7.4% at $27.61 late on Monday. It has a market cap of $4.5 billion. Over the past five trading days the stock has gained 30%. Nucor Corp. (NYSE: NUE) was last seen up 1% at $59.34. Nucor has a total market cap of $18.8 billion. Over the past fivetrading days the stock has gained 17%.
- [By Ben Levisohn]
There’s been a lot of talk that the revival of the Keystone XL pipeline–and the possibility of other pipelines as well–could boost the shares of steel makers like U.S. Steel (X), AK Steel (AKS), Nucor (NUE) and Steel Dynamics (STLD). Axiom Capital’s Gordon Johnson disagrees:
stock market top stocks: Corrections Corporation of America(CXW)
- [By Jon C. Ogg]
Corrections Corporation of America (NYSE: CXW) was trading up 7.8% at $20.97 shortly before Monday’s closing bell. GEO Group Inc. (NYSE: GEO) was up 2.2% at $31.29.
stock market top stocks: Kalytera Therapeutics, Inc. (QUEZF)
- [By Javier Hasse]
Kalytera Therapeutics Inc (OTC: QUEZF) closed a C$13.4 million ($10.2 million) tranche of a private placement for the acquisition of Talent Biotechs Ltd.
stock market top stocks: Mechel OAO(MTL)
- [By Shanthi Rexaline]
Mechel PAO (ADR) (NYSE: MTL) is rallying strongly, rising to a three-year high on roughly 1.7 times its average volume.
The stock has been on a tear in recent months. After dipping below the $2 level in late April and languishing in the sub-$2 range until August, the stock has nearly tripled in the run up to Monday’s session.
- [By Javier Hasse]
Steel stocks are spiking on Monday afternoon, with AK Steel Holding Corporation (NYSE: AKS) up almost 7.5 percent, United States Steel Corporation (NYSE: X) up about 6.4 percent, Cliffs Natural Resources Inc (NYSE: CLF) up more than 1 percent and Mechel PAO (ADR) (NYSE: MTL) up 16.8 percent. The stocks are not being helped by a few analyst upgrades (although, surely not hurt by them), but seem to be mostly rallying on the back of Donald Trump’s election as president of the United States.
- [By Lisa Levin]
Basic materials shares gained around 1.89 percent in trading on Tuesday. Meanwhile, top gainers in the sector included Olympic Steel, Inc. (NASDAQ: ZEUS), and Mechel PAO (ADR) (NYSE: MTL).