3 Top Marijuana Stocks Set to Take Off in 2023

The demand for cannabis is growing on a global scale. With legalization and decriminalization happening all around the world, many analysts and investors believe that marijuana will be a growing industry in the next decade. Get the latest report on 3 pot stocks set to take off in 2023!

By clicking the link above you will automatically opt-in to receive emails from FinStrategist

The One Ticker Retirement Plan

Bed Bath & Beyond Is Done. What's The Next Meme Stock? This Former Hedge Funder Has One Guess

Chris Katje
August 19, 2022

Strong interest in “meme stocks” is happening once again of late with retail investors circling Reddit, Discord and Twitter to find which stocks have strong interest and sentiment and could see short squeezes.

Here’s a look at one potential candidate.

What Happened: GameStop Corp. (NYSE:GME) and AMC Entertainment Holdings (NYSE:AMC) led a wave of meme stocks and new investors in 2021 with David vs. Goliath battles between investors and hedge funds.

Bed Bath & Beyond (NASDAQ:BBBY) saw rise in interest and was labeled as the next GameStop and AMC by some with parallels seen from a large stake by activist investor Ryan Cohen, who also owns a sizable stake in GameStop.

With Bed Bath & Beyond seeing its rally over and Cohen exiting the stock, the question turns to what the next meme stock could be.

Some investors are pointing to outdoor cooking company Weber Inc. (NYSE:WEBR).

See Also:

Can Weber Rally Continue?: Shares of Weber are up 20% over the last five days and up 12% in the last month.

Interest in the name has been picking up on Reddit’s r/wallstreetbets and elsewhere.

Former hedge fund manager Will Meade also made the case for Weber to be the next Bed Bath & Beyond. Meade cites Bed Bath & Beyond being a known retail brand, having high short interest, counting Microsoft Corporation (NASDAQ:MSFT) co-founder Bill Gates as an investor as reasons for the thesis.

Data from Fintel shows that Weber has 55.2% of its float short and a cost to borrow of 39.3%. This makes the stock rank ninth at the time of writing on its short squeeze leaderboard. The short interest in Weber ranks second highest of the top ten squeeze candidates and fourth highest overall according to the site.

Weber has previously been featured as a top five short squeeze candidate on Fintel in February and June.

Recently, Benzinga highlighted Weber as a short squeeze candidate to watch.

“Outdoor cooking company Weber Inc has been a former stock in the top five and is nearing a return to the top of the leaderboard. The company moved up 31 places to 13th place,” Benzinga reported.

The Bill and Melinda Gates Foundation own 2.5 million shares of Weber according to filings.

Weber, which had its initial price offering in August 2021, reported third quarter revenue of $528 million. Revenue was down 21% year-over-year, but came in ahead of analyst estimates of $526.2 million.

Weber outlined a cost management plan to help manage cash flows, preserve liquidity and expand gross margins. The plan is expected to result in a cash benefit of $110 million in fiscal year 2023.

“Our third quarter performance reflects the margin pressures we are experiencing as a result of global headwinds in our current operating environment. To strengthen our financial position for fiscal 2023 and beyond, we are introducing a comprehensive cash flow and cost management plan,” Weber interim CEO Alan Matula said.

WEBR Price Action: Weber shares are down 12% to $8.77 on Friday. Shares closed up 26% to $10 on Thursday.

Continue Reading...

Most Popular
November 27, 2022

Gold Is About to SOAR -- Here's What You Need to Do - Ad

Everything is lining up perfectly for a historic gold bull run. One gold research firm says they've found the best way to get in, for less than $10.

November 26, 2022

Bulls And Bears Of The Week: Tesla, GameStop, And Cathie Wood Still Says Bitcoin Will Reach $1M

Benzinga examined the prospects for many investors' favorite stocks over the last week — here's a look at some of our top stories. 

November 27, 2022

Can This Stock Save America from a World of $10 Gas? - Ad

"How high could gas prices possibly go!?" Some experts say $10 gasoline isn't out of the question! Which makes the work of one small company extremely important right now. It is one of the companies driving forward a technology insiders say could finally set America free from the scourge of fossil fuels.

November 26, 2022

Manchester United Stock Spikes Higher On Report Of Apple's Interest In Buying Soccer Club

Manchester United PLC (NYSE: MANU) has announced that the soccer team’s owners are weighing a potential sale.

November 26, 2022

'Rich Dad Poor Dad' Author Says Economy Is Biggest Bubble In World History: 'God Have Mercy On Us All'

"Rich Dad, Poor Dad" author Robert Kiyosaki has made some gloomy predictions in the past about the economy and the condition of the market. 

November 27, 2022

Reclusive trader has scored 20 straight years of winning trades. Learn how - Ad

This year, he was one of the few experts who accurately predicted the 2022 stock market collapse... And now, for the first time ever, he is coming forward to share a brand-new forecast. In his debut video, Market Wizard Larry Benedict reveals how to make all the money you need... In any market... Using a single stock.

November 26, 2022

5 Books Bill Gates Recommends As Holiday Gifts: A Biography, Sports Psychology, Sci-Fi Thriller And More

Bill Gates is a business icon and a philanthropist who is an inspiration to many. The tech entrepreneur and billionaire recently shared his recommendation regarding five of his all-time favorite books.

November 25, 2022

Universal Health Services To Rally Around 25%? Here Are 5 Other Price Target Changes For Friday

Credit Suisse raised Universal Health Services, Inc. (NYSE: UHS) price target from $129 to $157. Credit Suisse analyst Jonathan Yong maintained an Outperform rating on the stock. Universal Health fell 2.7% to $126.15 in pre-market trading.

November 27, 2022

This Crypto Bot Profits In Bear Markets - Ad

WaveBot is a crypto trading strategy my friend developed that pulls in daily profit no matter if the markets are up or down. Yes, it even makes daily profits in Bear markets. In bearish markets they are seeing around .5% to 1.25% daily returns and you can daily compound it if you want.

November 25, 2022

Tesla Analyst Weighs In On 3 Events That Could Set Off A Bull Market Rally In 2023

The stock market has been locked in a lackluster phase ever since the start of the year. And the few-and-far-between upsides have proved to be bear market rallies and not those signaling a sustainable uptrend.

November 25, 2022

What Does Star Bulk Carriers Debt Look Like?

Shares of Star Bulk Carriers Inc. (NASDAQ:SBLK) increased by 10.39% in the past three months. Before having a look at the importance of debt, let's look at how much debt Star Bulk Carriers has.

November 27, 2022

Wall Street Legend Warns "Financial Reset" is Coming - Ad

Man who predicted 2022 crash warns 8.4 million Americans to get out of banks and into a new vehicle 50 years in the making.

November 25, 2022

Adidas Investigates Misconduct Allegations Against Kanye West: Report

Adidas AG (OTC: ADDYY) (OTC: ADDDF) initiated a probe into allegations of inappropriate behavior by Kanye West after receiving an anonymous letter making several allegations.

November 27, 2022

Legal Crypto Loophole - Ad

On the training, you will learn about the... "Window Of Opportunity - 7 Ways To Make Money With Crypto Even If You Are Brand New" plus a bonus 8th "Instant Money Loophole" strategy you can start today.

November 27, 2022

Crypto Profits In Up or Down Markets? - Ad

Learn a profitable newbie-friendly crypto loophole that works no matter if markets are up or down. Register for our free "Loophole" strategy training today.

November 27, 2022

An Opportunity Larger Than NFT, Crypto, and the Stock Market - Ad

Charlie Shrem -- one of bitcoin's first investors -- just revealed what he believes will be the top crypto opportunity of 2022. And it isn't NFTs...Or bitcoin. It's a technology trend so revolutionary, that experts believe it could be worth $544 trillion.

November 27, 2022

Major buyer hoarding gold -- but why? - Ad

Do they know something you don't? They've added to their gold stash for 5 months. Whether this is an inflation hedge, or they're prepping for nuclear war -- we're talking HUNDREDS of tons of gold. And yet nobody's talking about it!

November 27, 2022

(New $1 Deal) Should you hold onto your cash right now? - Ad

Unsurprisingly, many Americans are sitting on cash right now. But even cash isn't a "safe haven" these days. Rampant inflation is eating away at the dollar's purchasing power, day after day... So what's the average American supposed to do?

November 26, 2022

Twitter Will Now Feature Gold, Gray, Blue Ticks: Elon Musk Details New Plan To Resolve Verification Mess

Elon Musk has floated a new plan to counter the negative impacts of the Twitter Blue verification that was rolled out briefly and then withdrawn.

November 25, 2022

Why Lufax Holding Shares Are Trading Lower By Over 11%; Here Are 21 Stocks Moving Premarket

Gainers VEON Ltd. (NASDAQ: VEON) shares rose 31.1% to $0.6095 in pre-market trading after the company agreed to sell its Russian business, Vimpelcom for 130 billion roubles ($2.2 billion).

November 27, 2022

This System Has Failed You... Now It Can PAY You - Ad

Former Goldman Sachs banker and eye surgeon: Nothing else has 1/10th as much potential over the next decade.

November 25, 2022

China Cuts Bank Reserve Requirements, But Chinese Stocks Drop As Beijing Locks Down Following Latest COVID-19 Outbreak

The iShares China Large-Cap ETF (NYSE: FXI) traded lower by another 1.7% on Friday as headlines about COVID-19 lockdowns in Beijing overshadowed China's loosening of bank

November 25, 2022

Omega Recreates Iconic James Bond Watches — But The Price Tags Are Not For The Faint-Hearted

Omega, known for iconic timepieces from the fan-favorite James Bond franchise, releases a pair of Seamaster Diver 300M watches — but it might not be affordable for all 007 fans.

November 27, 2022

It's Not a Depression -- It's Bigger - Ad

Are we entering a depression? Everyone I talk to is terrified we're on the cusp of one. But they're wrong. The truth is, we're not entering a depression. More like a "wealth shift." Highly overvalued stocks are going to continue to plummet in value... Other companies will skyrocket.

November 27, 2022

New surprise disaster will ensure Biden's defeat - Ad

One of the most successful businessmen in America over the past 50 years has come forward with a prediction you won't see anywhere else...He says a looming crisis in America will catch Joe Biden and all political progressives by surprise. We've posted his full warning and analysis (plus 4 critical steps every American should take immediately) on our website.

November 25, 2022

Retail Stocks Mixed On Black Friday Following Record Thanksgiving Day Sales: What You Need To Know

Early reports on Friday suggest the shopping holiday was off to a slower-than-normal start, but retail investors are hopeful that sales will pick up over the weekend ahead of Cyber Monday next week.

Most Recent
November 27, 2022

Legal Loophole That Prints Money - Ad

November 27, 2022

The 1K A Day Crypto Loophole Revealed - Ad

November 27, 2022

The One Ticker Retirement Plan - Ad

November 27, 2022

66,000% upside on tiny biotech? - Ad

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright 2020 trendadvisor.net
Privacy Policy | Terms of Service