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s0n9w3i
2021-07-14
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Cannabis stocks gains in premarket trading,as senators unveiling plan to end federal prohibition of cannabis.
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2021-06-22
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Ron Wyden (D., Oreg.) and Sen. Cory Booker (D., N.J.) are unveiling a discussion draft of their legislation to end the federal prohibition of marijuana. The senators will detail their plan at a press conference on July 14.</p>\n<p>The proposal— known as the Cannabis Administration and Opportunity Act — calls for removing cannabis from the federal list of controlled substances, allowing states to make their own decisions on cannabis. Many states have already moved to legalize recreational or medicinal marijuana use, but it still remains illegal under federal law.</p>\n<p>\"By ending the failed federal prohibition of cannabis, the Cannabis Administration and Opportunity Act will ensure that Americans – especially Black and Brown Americans – no longer have to fear arrest or be barred from public housing or federal financial aid for higher education for using cannabis in states where it’s legal,\" reads the discussion draft. \"State-compliant cannabis businesses will finally be treated like other businesses and allowed access to essential financial services, like bank accounts and loans. Medical research will no longer be stifled.\"</p>\n<p>The proposal establishes 21 as the minimum age to purchase cannabis and limits retail sales to no more than 10 ounces of cannabis. It calls for federal agencies to research the impacts of cannabis use, legalization and cannabis-impaired driving — including research to establish an impairment standard for driving under the influence of cannabis.</p>\n<p>The Democratic trio has been working on the legislation for months. In an interview withYahoo Financeshortly after they announced their plan to work on the proposal, Sen. Wyden said Congress should \"finally recognize that the War on Drugs has failed.\"</p>\n<p>The plan would require expungement of federal non-violent cannabis convictions and encourage state and local governments to do the same. It would keep people from being denied federal benefits — such as housing or federal financial aid — because of cannabis use or possession. People who are not U.S. citizens could not be denied benefits or protection under immigration laws.</p>\n<p>The plan would also create new grant programs to fund nonprofits that help people who have been \"adversely impacted by the War on Drugs.\" It would make loans available to small businesses in the cannabis industry and help states and localities implement cannabis licensing programs.</p>\n<p>President Joe Biden backed decriminalization of marijuana on the campaign trail, but the White House has not backed legalization efforts. In December, the Housepassed the MORE Act— which would remove marijuana from the controlled substance list and create restorative justice programs. Earlier this year, Rep. Jerry Nadler (D., N.Y.)reintroducedthe legislation.</p>\n<p>The senators are asking for input on the proposal by Sept. 1, so they can consider feedback before crafting the final bill. The proposal faces a difficult vote in the evenly-divided Senate.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Cannabis stocks gains in premarket trading,as senators unveiling plan to end federal prohibition of cannabis.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCannabis stocks gains in premarket trading,as senators unveiling plan to end federal prohibition of cannabis.\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-07-14 17:47</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Cannabis stocks gains in premarket trading,as senators unveiling plan to end federal prohibition of cannabis.</p>\n<p>SNDL shares rises 4% in premarket, TLRY and ACB shares are up 2%.</p>\n<p><img src=\"https://static.tigerbbs.com/231cd44d5edcf10717dd42ede4ccbed1\" tg-width=\"1289\" tg-height=\"593\" referrerpolicy=\"no-referrer\"></p>\n<p>Senate Majority Leader Chuck Schumer (D., N.Y.), Sen. Ron Wyden (D., Oreg.) and Sen. Cory Booker (D., N.J.) are unveiling a discussion draft of their legislation to end the federal prohibition of marijuana. The senators will detail their plan at a press conference on July 14.</p>\n<p>The proposal— known as the Cannabis Administration and Opportunity Act — calls for removing cannabis from the federal list of controlled substances, allowing states to make their own decisions on cannabis. Many states have already moved to legalize recreational or medicinal marijuana use, but it still remains illegal under federal law.</p>\n<p>\"By ending the failed federal prohibition of cannabis, the Cannabis Administration and Opportunity Act will ensure that Americans – especially Black and Brown Americans – no longer have to fear arrest or be barred from public housing or federal financial aid for higher education for using cannabis in states where it’s legal,\" reads the discussion draft. \"State-compliant cannabis businesses will finally be treated like other businesses and allowed access to essential financial services, like bank accounts and loans. Medical research will no longer be stifled.\"</p>\n<p>The proposal establishes 21 as the minimum age to purchase cannabis and limits retail sales to no more than 10 ounces of cannabis. It calls for federal agencies to research the impacts of cannabis use, legalization and cannabis-impaired driving — including research to establish an impairment standard for driving under the influence of cannabis.</p>\n<p>The Democratic trio has been working on the legislation for months. In an interview withYahoo Financeshortly after they announced their plan to work on the proposal, Sen. Wyden said Congress should \"finally recognize that the War on Drugs has failed.\"</p>\n<p>The plan would require expungement of federal non-violent cannabis convictions and encourage state and local governments to do the same. It would keep people from being denied federal benefits — such as housing or federal financial aid — because of cannabis use or possession. People who are not U.S. citizens could not be denied benefits or protection under immigration laws.</p>\n<p>The plan would also create new grant programs to fund nonprofits that help people who have been \"adversely impacted by the War on Drugs.\" It would make loans available to small businesses in the cannabis industry and help states and localities implement cannabis licensing programs.</p>\n<p>President Joe Biden backed decriminalization of marijuana on the campaign trail, but the White House has not backed legalization efforts. In December, the Housepassed the MORE Act— which would remove marijuana from the controlled substance list and create restorative justice programs. Earlier this year, Rep. Jerry Nadler (D., N.Y.)reintroducedthe legislation.</p>\n<p>The senators are asking for input on the proposal by Sept. 1, so they can consider feedback before crafting the final bill. The proposal faces a difficult vote in the evenly-divided Senate.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TLRY":"Tilray Inc.","SNDL":"SNDL Inc."},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1165083410","content_text":"Cannabis stocks gains in premarket trading,as senators unveiling plan to end federal prohibition of cannabis.\nSNDL shares rises 4% in premarket, TLRY and ACB shares are up 2%.\n\nSenate Majority Leader Chuck Schumer (D., N.Y.), Sen. Ron Wyden (D., Oreg.) and Sen. Cory Booker (D., N.J.) are unveiling a discussion draft of their legislation to end the federal prohibition of marijuana. The senators will detail their plan at a press conference on July 14.\nThe proposal— known as the Cannabis Administration and Opportunity Act — calls for removing cannabis from the federal list of controlled substances, allowing states to make their own decisions on cannabis. Many states have already moved to legalize recreational or medicinal marijuana use, but it still remains illegal under federal law.\n\"By ending the failed federal prohibition of cannabis, the Cannabis Administration and Opportunity Act will ensure that Americans – especially Black and Brown Americans – no longer have to fear arrest or be barred from public housing or federal financial aid for higher education for using cannabis in states where it’s legal,\" reads the discussion draft. \"State-compliant cannabis businesses will finally be treated like other businesses and allowed access to essential financial services, like bank accounts and loans. Medical research will no longer be stifled.\"\nThe proposal establishes 21 as the minimum age to purchase cannabis and limits retail sales to no more than 10 ounces of cannabis. It calls for federal agencies to research the impacts of cannabis use, legalization and cannabis-impaired driving — including research to establish an impairment standard for driving under the influence of cannabis.\nThe Democratic trio has been working on the legislation for months. In an interview withYahoo Financeshortly after they announced their plan to work on the proposal, Sen. Wyden said Congress should \"finally recognize that the War on Drugs has failed.\"\nThe plan would require expungement of federal non-violent cannabis convictions and encourage state and local governments to do the same. It would keep people from being denied federal benefits — such as housing or federal financial aid — because of cannabis use or possession. People who are not U.S. citizens could not be denied benefits or protection under immigration laws.\nThe plan would also create new grant programs to fund nonprofits that help people who have been \"adversely impacted by the War on Drugs.\" It would make loans available to small businesses in the cannabis industry and help states and localities implement cannabis licensing programs.\nPresident Joe Biden backed decriminalization of marijuana on the campaign trail, but the White House has not backed legalization efforts. In December, the Housepassed the MORE Act— which would remove marijuana from the controlled substance list and create restorative justice programs. Earlier this year, Rep. Jerry Nadler (D., N.Y.)reintroducedthe legislation.\nThe senators are asking for input on the proposal by Sept. 1, so they can consider feedback before crafting the final bill. The proposal faces a difficult vote in the evenly-divided Senate.","news_type":1},"isVote":1,"tweetType":1,"viewCount":69,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":129956065,"gmtCreate":1624353569357,"gmtModify":1634007382600,"author":{"id":"3579880224772816","authorId":"3579880224772816","name":"s0n9w3i","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579880224772816","authorIdStr":"3579880224772816"},"themes":[],"htmlText":"Lns","listText":"Lns","text":"Lns","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/129956065","repostId":"1126819462","repostType":2,"isVote":1,"tweetType":1,"viewCount":333,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":160845514,"gmtCreate":1623785759238,"gmtModify":1634028283335,"author":{"id":"3579880224772816","authorId":"3579880224772816","name":"s0n9w3i","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579880224772816","authorIdStr":"3579880224772816"},"themes":[],"htmlText":"Like and comment","listText":"Like and comment","text":"Like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/160845514","repostId":"1127219232","repostType":2,"isVote":1,"tweetType":1,"viewCount":173,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":144078728,"gmtCreate":1626257193664,"gmtModify":1633928580963,"author":{"id":"3579880224772816","authorId":"3579880224772816","name":"s0n9w3i","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3579880224772816","idStr":"3579880224772816"},"themes":[],"htmlText":"Like and cooment","listText":"Like and cooment","text":"Like and cooment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/144078728","repostId":"1165083410","repostType":4,"repost":{"id":"1165083410","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1626256074,"share":"https://www.laohu8.com/m/news/1165083410?lang=&edition=full","pubTime":"2021-07-14 17:47","market":"us","language":"en","title":"Cannabis stocks gains in premarket trading,as senators unveiling plan to end federal prohibition of cannabis.","url":"https://stock-news.laohu8.com/highlight/detail?id=1165083410","media":"Tiger Newspress","summary":"Cannabis stocks gains in premarket trading,as senators unveiling plan to end federal prohibition of ","content":"<p>Cannabis stocks gains in premarket trading,as senators unveiling plan to end federal prohibition of cannabis.</p>\n<p>SNDL shares rises 4% in premarket, TLRY and ACB shares are up 2%.</p>\n<p><img src=\"https://static.tigerbbs.com/231cd44d5edcf10717dd42ede4ccbed1\" tg-width=\"1289\" tg-height=\"593\" referrerpolicy=\"no-referrer\"></p>\n<p>Senate Majority Leader Chuck Schumer (D., N.Y.), Sen. Ron Wyden (D., Oreg.) and Sen. Cory Booker (D., N.J.) are unveiling a discussion draft of their legislation to end the federal prohibition of marijuana. The senators will detail their plan at a press conference on July 14.</p>\n<p>The proposal— known as the Cannabis Administration and Opportunity Act — calls for removing cannabis from the federal list of controlled substances, allowing states to make their own decisions on cannabis. Many states have already moved to legalize recreational or medicinal marijuana use, but it still remains illegal under federal law.</p>\n<p>\"By ending the failed federal prohibition of cannabis, the Cannabis Administration and Opportunity Act will ensure that Americans – especially Black and Brown Americans – no longer have to fear arrest or be barred from public housing or federal financial aid for higher education for using cannabis in states where it’s legal,\" reads the discussion draft. \"State-compliant cannabis businesses will finally be treated like other businesses and allowed access to essential financial services, like bank accounts and loans. Medical research will no longer be stifled.\"</p>\n<p>The proposal establishes 21 as the minimum age to purchase cannabis and limits retail sales to no more than 10 ounces of cannabis. It calls for federal agencies to research the impacts of cannabis use, legalization and cannabis-impaired driving — including research to establish an impairment standard for driving under the influence of cannabis.</p>\n<p>The Democratic trio has been working on the legislation for months. In an interview withYahoo Financeshortly after they announced their plan to work on the proposal, Sen. Wyden said Congress should \"finally recognize that the War on Drugs has failed.\"</p>\n<p>The plan would require expungement of federal non-violent cannabis convictions and encourage state and local governments to do the same. It would keep people from being denied federal benefits — such as housing or federal financial aid — because of cannabis use or possession. People who are not U.S. citizens could not be denied benefits or protection under immigration laws.</p>\n<p>The plan would also create new grant programs to fund nonprofits that help people who have been \"adversely impacted by the War on Drugs.\" It would make loans available to small businesses in the cannabis industry and help states and localities implement cannabis licensing programs.</p>\n<p>President Joe Biden backed decriminalization of marijuana on the campaign trail, but the White House has not backed legalization efforts. In December, the Housepassed the MORE Act— which would remove marijuana from the controlled substance list and create restorative justice programs. Earlier this year, Rep. Jerry Nadler (D., N.Y.)reintroducedthe legislation.</p>\n<p>The senators are asking for input on the proposal by Sept. 1, so they can consider feedback before crafting the final bill. The proposal faces a difficult vote in the evenly-divided Senate.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Cannabis stocks gains in premarket trading,as senators unveiling plan to end federal prohibition of cannabis.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCannabis stocks gains in premarket trading,as senators unveiling plan to end federal prohibition of cannabis.\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-07-14 17:47</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Cannabis stocks gains in premarket trading,as senators unveiling plan to end federal prohibition of cannabis.</p>\n<p>SNDL shares rises 4% in premarket, TLRY and ACB shares are up 2%.</p>\n<p><img src=\"https://static.tigerbbs.com/231cd44d5edcf10717dd42ede4ccbed1\" tg-width=\"1289\" tg-height=\"593\" referrerpolicy=\"no-referrer\"></p>\n<p>Senate Majority Leader Chuck Schumer (D., N.Y.), Sen. Ron Wyden (D., Oreg.) and Sen. Cory Booker (D., N.J.) are unveiling a discussion draft of their legislation to end the federal prohibition of marijuana. The senators will detail their plan at a press conference on July 14.</p>\n<p>The proposal— known as the Cannabis Administration and Opportunity Act — calls for removing cannabis from the federal list of controlled substances, allowing states to make their own decisions on cannabis. Many states have already moved to legalize recreational or medicinal marijuana use, but it still remains illegal under federal law.</p>\n<p>\"By ending the failed federal prohibition of cannabis, the Cannabis Administration and Opportunity Act will ensure that Americans – especially Black and Brown Americans – no longer have to fear arrest or be barred from public housing or federal financial aid for higher education for using cannabis in states where it’s legal,\" reads the discussion draft. \"State-compliant cannabis businesses will finally be treated like other businesses and allowed access to essential financial services, like bank accounts and loans. Medical research will no longer be stifled.\"</p>\n<p>The proposal establishes 21 as the minimum age to purchase cannabis and limits retail sales to no more than 10 ounces of cannabis. It calls for federal agencies to research the impacts of cannabis use, legalization and cannabis-impaired driving — including research to establish an impairment standard for driving under the influence of cannabis.</p>\n<p>The Democratic trio has been working on the legislation for months. In an interview withYahoo Financeshortly after they announced their plan to work on the proposal, Sen. Wyden said Congress should \"finally recognize that the War on Drugs has failed.\"</p>\n<p>The plan would require expungement of federal non-violent cannabis convictions and encourage state and local governments to do the same. It would keep people from being denied federal benefits — such as housing or federal financial aid — because of cannabis use or possession. People who are not U.S. citizens could not be denied benefits or protection under immigration laws.</p>\n<p>The plan would also create new grant programs to fund nonprofits that help people who have been \"adversely impacted by the War on Drugs.\" It would make loans available to small businesses in the cannabis industry and help states and localities implement cannabis licensing programs.</p>\n<p>President Joe Biden backed decriminalization of marijuana on the campaign trail, but the White House has not backed legalization efforts. In December, the Housepassed the MORE Act— which would remove marijuana from the controlled substance list and create restorative justice programs. Earlier this year, Rep. Jerry Nadler (D., N.Y.)reintroducedthe legislation.</p>\n<p>The senators are asking for input on the proposal by Sept. 1, so they can consider feedback before crafting the final bill. The proposal faces a difficult vote in the evenly-divided Senate.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TLRY":"Tilray Inc.","SNDL":"SNDL Inc."},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1165083410","content_text":"Cannabis stocks gains in premarket trading,as senators unveiling plan to end federal prohibition of cannabis.\nSNDL shares rises 4% in premarket, TLRY and ACB shares are up 2%.\n\nSenate Majority Leader Chuck Schumer (D., N.Y.), Sen. Ron Wyden (D., Oreg.) and Sen. Cory Booker (D., N.J.) are unveiling a discussion draft of their legislation to end the federal prohibition of marijuana. The senators will detail their plan at a press conference on July 14.\nThe proposal— known as the Cannabis Administration and Opportunity Act — calls for removing cannabis from the federal list of controlled substances, allowing states to make their own decisions on cannabis. Many states have already moved to legalize recreational or medicinal marijuana use, but it still remains illegal under federal law.\n\"By ending the failed federal prohibition of cannabis, the Cannabis Administration and Opportunity Act will ensure that Americans – especially Black and Brown Americans – no longer have to fear arrest or be barred from public housing or federal financial aid for higher education for using cannabis in states where it’s legal,\" reads the discussion draft. \"State-compliant cannabis businesses will finally be treated like other businesses and allowed access to essential financial services, like bank accounts and loans. Medical research will no longer be stifled.\"\nThe proposal establishes 21 as the minimum age to purchase cannabis and limits retail sales to no more than 10 ounces of cannabis. It calls for federal agencies to research the impacts of cannabis use, legalization and cannabis-impaired driving — including research to establish an impairment standard for driving under the influence of cannabis.\nThe Democratic trio has been working on the legislation for months. In an interview withYahoo Financeshortly after they announced their plan to work on the proposal, Sen. Wyden said Congress should \"finally recognize that the War on Drugs has failed.\"\nThe plan would require expungement of federal non-violent cannabis convictions and encourage state and local governments to do the same. It would keep people from being denied federal benefits — such as housing or federal financial aid — because of cannabis use or possession. People who are not U.S. citizens could not be denied benefits or protection under immigration laws.\nThe plan would also create new grant programs to fund nonprofits that help people who have been \"adversely impacted by the War on Drugs.\" It would make loans available to small businesses in the cannabis industry and help states and localities implement cannabis licensing programs.\nPresident Joe Biden backed decriminalization of marijuana on the campaign trail, but the White House has not backed legalization efforts. In December, the Housepassed the MORE Act— which would remove marijuana from the controlled substance list and create restorative justice programs. Earlier this year, Rep. Jerry Nadler (D., N.Y.)reintroducedthe legislation.\nThe senators are asking for input on the proposal by Sept. 1, so they can consider feedback before crafting the final bill. The proposal faces a difficult vote in the evenly-divided Senate.","news_type":1},"isVote":1,"tweetType":1,"viewCount":69,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":129956065,"gmtCreate":1624353569357,"gmtModify":1634007382600,"author":{"id":"3579880224772816","authorId":"3579880224772816","name":"s0n9w3i","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3579880224772816","idStr":"3579880224772816"},"themes":[],"htmlText":"Lns","listText":"Lns","text":"Lns","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/129956065","repostId":"1126819462","repostType":2,"repost":{"id":"1126819462","pubTimestamp":1624346148,"share":"https://www.laohu8.com/m/news/1126819462?lang=&edition=full","pubTime":"2021-06-22 15:15","market":"us","language":"en","title":"Why GameStop, AMC, and Sundial Stocks All Just Dropped","url":"https://stock-news.laohu8.com/highlight/detail?id=1126819462","media":"Motley Fool","summary":"Wall Street's beautiful people are joining the meme-stock mania.\n\nWhat happened\nMeme stocksincluding","content":"<blockquote>\n Wall Street's beautiful people are joining the meme-stock mania.\n</blockquote>\n<p><b>What happened</b></p>\n<p>Meme stocksincluding<b>GameStop</b>(NYSE:GME),<b>AMC Entertainment</b>(NYSE:AMC), andpenny stock<b>Sundial Growers</b>(NASDAQ:SNDL) -- a favorite of traders on eventualmarijuana legalization-- are sliding in early Monday trading. As of 11:35 a.m. EDT, GameStop shares are down 5.7%, AMC 4.1%, and Sundial 3.9%.</p>\n<p>You may want to blame<i>The Wall Street Journal</i>for that -- or maybe just Wall Street itself.</p>\n<p><b>So what</b></p>\n<p>In a column over the weekend, the<i>Journal</i>reported that a series of \"brand new exchange-traded funds\" have recently been formed for the purpose of \"dabbling in meme stocks, chasing returns,\" and attracting new investors hoping to cash in on the meme-stock mania. But here's the thing: Much like the individual investors whose business they want to attract, these actively managed ETFs are merely \"gambling on their ability to get out in time once the rally eventually fizzles.\"</p>\n<p>And here's the other thing: Novice investors may be hoping that the experts who run these funds can time the market better than they can. But according to a 2020 study by Standard & Poor's, at least 82% of fund managers<i>underperform</i>evenjust a basic S&P 500 index fundin their trading.</p>\n<p>That's over a 10-year period, but the more time you give these folks, the worse they do. Over 15 years,<i>87%</i>of fund managers tend to perform worse than average.</p>\n<p><b>Now what</b></p>\n<p>Data like this suggests that investing in a \"meme-stock ETF\" might not be the best use of your investment dollars. But here's the third thing to understand and perhaps the reason that shares of GameStop, AMC, and Sundial stocks are suffering today.</p>\n<p>As Wall Street funds betting millions, tens of millions, or even hundreds of millions of dollars at a time on meme stocks, they're likely to soon outweigh the influence of the thousands, tens of thousands, or even hundreds of thousands of new stock traders who have been betting on meme stocks over the past year. These funds may shoutYOLO(you only live once) at the wrong time, bidding up shares that the Reddit crowd doesn't necessarily want to go up. Or they may lack \"diamond hands,\" sell at the wrong time, and contribute to a panic (and losses for ordinary investors).</p>\n<p>One thing's for sure: The entry of ETFs into the meme-stock market adds another big variable to an already volatile market. Investors' best bet on meme stocks these days may be tonot play at all.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why GameStop, AMC, and Sundial Stocks All Just Dropped</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy GameStop, AMC, and Sundial Stocks All Just Dropped\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-22 15:15 GMT+8 <a href=https://www.fool.com/investing/2021/06/21/why-gamestop-amc-and-sundial-stocks-all-dropped/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Wall Street's beautiful people are joining the meme-stock mania.\n\nWhat happened\nMeme stocksincludingGameStop(NYSE:GME),AMC Entertainment(NYSE:AMC), andpenny stockSundial Growers(NASDAQ:SNDL) -- a ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/06/21/why-gamestop-amc-and-sundial-stocks-all-dropped/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GME":"游戏驿站","AMC":"AMC院线","SNDL":"SNDL Inc."},"source_url":"https://www.fool.com/investing/2021/06/21/why-gamestop-amc-and-sundial-stocks-all-dropped/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1126819462","content_text":"Wall Street's beautiful people are joining the meme-stock mania.\n\nWhat happened\nMeme stocksincludingGameStop(NYSE:GME),AMC Entertainment(NYSE:AMC), andpenny stockSundial Growers(NASDAQ:SNDL) -- a favorite of traders on eventualmarijuana legalization-- are sliding in early Monday trading. As of 11:35 a.m. EDT, GameStop shares are down 5.7%, AMC 4.1%, and Sundial 3.9%.\nYou may want to blameThe Wall Street Journalfor that -- or maybe just Wall Street itself.\nSo what\nIn a column over the weekend, theJournalreported that a series of \"brand new exchange-traded funds\" have recently been formed for the purpose of \"dabbling in meme stocks, chasing returns,\" and attracting new investors hoping to cash in on the meme-stock mania. But here's the thing: Much like the individual investors whose business they want to attract, these actively managed ETFs are merely \"gambling on their ability to get out in time once the rally eventually fizzles.\"\nAnd here's the other thing: Novice investors may be hoping that the experts who run these funds can time the market better than they can. But according to a 2020 study by Standard & Poor's, at least 82% of fund managersunderperformevenjust a basic S&P 500 index fundin their trading.\nThat's over a 10-year period, but the more time you give these folks, the worse they do. Over 15 years,87%of fund managers tend to perform worse than average.\nNow what\nData like this suggests that investing in a \"meme-stock ETF\" might not be the best use of your investment dollars. But here's the third thing to understand and perhaps the reason that shares of GameStop, AMC, and Sundial stocks are suffering today.\nAs Wall Street funds betting millions, tens of millions, or even hundreds of millions of dollars at a time on meme stocks, they're likely to soon outweigh the influence of the thousands, tens of thousands, or even hundreds of thousands of new stock traders who have been betting on meme stocks over the past year. These funds may shoutYOLO(you only live once) at the wrong time, bidding up shares that the Reddit crowd doesn't necessarily want to go up. Or they may lack \"diamond hands,\" sell at the wrong time, and contribute to a panic (and losses for ordinary investors).\nOne thing's for sure: The entry of ETFs into the meme-stock market adds another big variable to an already volatile market. Investors' best bet on meme stocks these days may be tonot play at all.","news_type":1},"isVote":1,"tweetType":1,"viewCount":333,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":160845514,"gmtCreate":1623785759238,"gmtModify":1634028283335,"author":{"id":"3579880224772816","authorId":"3579880224772816","name":"s0n9w3i","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3579880224772816","idStr":"3579880224772816"},"themes":[],"htmlText":"Like and comment","listText":"Like and comment","text":"Like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/160845514","repostId":"1127219232","repostType":2,"repost":{"id":"1127219232","pubTimestamp":1623721396,"share":"https://www.laohu8.com/m/news/1127219232?lang=&edition=full","pubTime":"2021-06-15 09:43","market":"us","language":"en","title":"8 Hot Reddit Stocks That Could Be the Next Big Meme","url":"https://stock-news.laohu8.com/highlight/detail?id=1127219232","media":"InvestorPlace","summary":"Reddit stocks possess the potential to go on huge rallies in a short amount of time\nSource: Mehaniq ","content":"<p>Reddit stocks possess the potential to go on huge rallies in a short amount of time</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8cbc7487a9d5d9b093022ecbc194c5e2\" tg-width=\"1024\" tg-height=\"576\"><span>Source: Mehaniq / Shutterstock.com</span></p>\n<p>Meme stocks, Reddit stocks — call them what you want, but they are back in action. This group has seen plenty of wild price action already, with more ongoing.</p>\n<p>Now, most traders aren’t strangers to a good old-fashioned short squeeze. But the price movement in 2021 has been nothing short of breathtaking, making wild entertainment for armchair analysts.</p>\n<p>The novel coronavirus wreaked havoc on the economy, supply chains and to an extent, our stock market. But coming into 2021, the market had actually done quite well. It shrugged off a global pandemic and made it through a hostile presidential election. It didn’t even flinch during the early January drama in Washington, D.C., when rioters stormed the Capitol.</p>\n<p>All of that helped lead to the massive rally we saw later in the month and into February. High-growth stocks, SPACs, IPOs and these new Reddit stocks were all the rage.</p>\n<p>Call them what you will, but these stocks have the potential to go on torrid rallies. Some rally hundreds of percent, others can jump thousands of percent over the course of weeks or months. Conversely, many see large gains that evaporate within a few days.</p>\n<p>That price action has gone from one or two stocks and has now spilled into dozens of different names.<b>AMC Entertainment</b>(NYSE:<b><u>AMC</u></b>) has been the recent leader. Here are eight others that may try to lead as well.</p>\n<ul>\n <li><b>GameStop</b>(NYSE:<b><u>GME</u></b>)</li>\n <li><b>Bed Bath & Beyond</b>(NASDAQ:<b><u>BBBY</u></b>)</li>\n <li><b>BlackBerry</b>(NYSE:<b><u>BB</u></b>)</li>\n <li><b>Virgin Galactic</b>(NYSE:<b><u>SPCE</u></b>)</li>\n <li><b>Wendy’s</b>(NASDAQ:<b><u>WEN</u></b>)</li>\n <li><b>Rocket Companies</b>(NYSE:<b><u>RKT</u></b>)</li>\n <li><b>ContextLogic</b>(NASDAQ:<b><u>WISH</u></b>)</li>\n <li><b>Palantir</b>(NYSE:<b><u>PLTR</u></b>)</li>\n</ul>\n<p>These companies span industries, but the investing thesis is all the same: These names gain traction on online forums as traders hunt for the next candidate to go up 40%, 50% or more in a single session. Then we see all sorts of epic short-squeezes higher.</p>\n<p><b>GameStop (GME)</b></p>\n<p>Can we even talk about Reddit stocks without talking about GameStop? Shares are trading well lately, but they haven’t soared like some of these other names. That said, GameStop is roughly a $250 stock — not a single-digit or sub-$20 name, like many others on this list.</p>\n<p>The company just reported earnings, beating both top- and bottom-line expectations. However the reaction was pretty tough, with shares tumbling on the report. Given its size, it may be difficult for investors to bid GME stock significantly higher, particularly now that its short interest has dropped to a more reasonable level.</p>\n<p>Still, GameStop has been one of the leaders of this short-squeeze movement and that means it could take off at any time.</p>\n<p>The company’s chairman is Ryan Cohen, co-founder and former CEO of <b>Chewy</b>(NYSE:<b><u>CHWY</u></b>). He’s looking for a new CEO who can lead the company’s e-commerce strategy.</p>\n<p>The valuation is high, but good news could trigger more upside. Keep an eye on this one.</p>\n<p><b>Bed Bath & Beyond (BBBY)</b></p>\n<p>I actually nominated Bed Bath & Beyond as my pick for the Best Stock of 2021. However, I didn’t do it under the assumption that “Reddit traders” and “meme stocks” would become a thing. When I initially covered this stock, it was all about the company’s transformation.</p>\n<p>Okay fine… part of the thesis<i>was</i>the massive short interest in BBBY stock coming into 2021. Still, I didn’t think we’d see such epic short squeezes across the board.</p>\n<p>Bed Bath & Beyond still has about 65% of its float sold short, although that figure is smaller vs. shares outstanding. Still, the company has turned things around as it focuses on e-commerce and omni-channel solutions. That’s helping fuel BBBY’s free cash flow and earnings and has allowed management to initiate a rather large share repurchase plan.</p>\n<p><b>BlackBerry (BB)</b></p>\n<p>With its low price point and legion of loyal bull traders, BlackBerry has found its way onto the list of traders’ favorite short-squeeze stocks.</p>\n<p>Seriously, there are some dedicated investors in this name. Some have been waiting for years. Others are new to the party. But both groups — and everyone in between — are looking at the bullish potential with BB stock.</p>\n<p>While BlackBerry may not have its smartphone in every business-person’s pocket anymore thanks to <b>Apple</b>(NASDAQ:<b><u>AAPL</u></b>), it does have good software. It also has strong security.</p>\n<p>Interestingly, the automotive industry has become a big contributor to BlackBerry’s business, thanks to all the software, security and interconnectivity of today’s vehicles. Again, good news could create a nice pop in this one if the bulls maintain momentum.</p>\n<p><b>Virgin Galactic (SPCE)</b></p>\n<p>Virgin Galactic has been a short-squeeze favorite for a while now. It’s simply too juicy of a stock<i>not</i>to trade when the environment is right. But let’s not miss Virgin for what it is — this is a speculative stock holding.</p>\n<p>The company doesn’t generate any meaningful revenue and currently operates at a loss due to development and operational overhead. Understandably, short-sellers like to lay into this one as a result. I mean, with no real revenue and an $8.5 billion market cap, who can blame them?</p>\n<p>However, when the short interest gets high (as it often does for SPCE stock), buyers can’t resist the urge to squeeze.</p>\n<p>Virgin hopes to become a space tourism company and is well on its way with its flight milestones. Additionally, it’s working with NASA on high-speed technology. The company recently filed for a shelf registration to sell up to $1 billion in stock, which only makes sense amid the current rally.</p>\n<p>While this would usually sap some of its momentum, a stock offering may trigger more upside in this crazy climate.</p>\n<p><b>Wendy’s (WEN)</b></p>\n<p>Wendy’s has suddenly found itself with a chair at the short-squeeze table. And honestly, this is a fascinating one for me.</p>\n<p>Shares were trading in relatively normal fashion and Wendy’s was never one of the big Reddit stocks back in January. But that didn’t stop the stock from surging more than 25% in a single day. This one is puzzling.</p>\n<p>Wendy’s stock doesn’t have a high short interest (less than 5%). It does have solid growth expectations, but that’s mostly due to a post-coronavirus rebound. However, revenue is forecast to grow 6.7% this year and 2.5% in 2022.</p>\n<p>Where all the hype is coming from, I’m not sure. But if the stock can hold up around $24 to $25, maybe it can retest its highs.</p>\n<p><b>Rocket Companies (RKT)</b></p>\n<p>Rocket Companies has taken the shorts to task before and I’m sure its investors would love nothing more than to do it again. That’s particularly true as shares fell 30% from the May high to the May low. And that<i>doesn’t</i>include the beatdown that Rocket Companies suffered from its first major squeeze higher in March.</p>\n<p>For the record, shares fell more than 60% from that peak to the May trough.</p>\n<p>Since then though, Rocket has found its footing. Unlike Wendy’s, this one does have a higher short interest, although at around 14%, it isn’t exactly high compared to previous Reddit stocks.</p>\n<p>But management has taken its own shots too. When the company reported earnings in February, it announced a special dividend of $1.11 per share. When holding short, short-sellers have to pay the per-share dividend out of their holdings. Further, the company announced a $1 billion buyback in November.</p>\n<p><b>ContextLogic (WISH)</b></p>\n<p>ContextLogic came public at the end of 2020 in mid-December. So I don’t know that I would classify it as one of the original Reddit stocks based on its rally in the first quarter. But the recent price action has “meme stock” written all over it.</p>\n<p>Its rally in Q1 did take ContextLogic north of $30. However, that was likely due to wider market trends, as growth stocks, SPACs, IPOs and other speculative holdings were surging higher.</p>\n<p>This time around though, WISH stock is clearly in focus. With a short interest over 15% and a cheap share price (it was near $7.50 a couple days ago), this one was ripe for some attention. It helps that the stock fell almost 80% from peak to trough.</p>\n<p>It also has solid growth estimates, with revenue expectations of 20% in each of the next three years. The company operates a global e-commerce platform that helps connect users to merchants, while providing various services to the latter.</p>\n<p><b>Palantir (PLTR)</b></p>\n<p>Palantir has somewhat fallen by the wayside lately. While the bulls still love the company’s long-term prospects and as the company continues to add more contracts, the stock price has struggled.</p>\n<p>Like Rocket, shares fell more than 62% from peak to trough, although that’s also counting from the stock’s short-squeeze fueled rally a few months ago. Since then, investors have seen a 40% rally from last month’s low.</p>\n<p>The analyst community is pretty optimistic on this one. They expect 35% revenue growth this year, then 28.5% growth in each of the next two years. That’s pretty darn good and helps justify that 23 times forward revenue valuation it currently commands.</p>\n<p>While it doesn’t have huge short interest at the moment, Palantir is a momentum favorite. If the other Reddit stocks are taking a break from the rally, this one may find itself as the next bid-up stock making headlines.</p>","source":"lsy1606302653667","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>8 Hot Reddit Stocks That Could Be the Next Big Meme</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n8 Hot Reddit Stocks That Could Be the Next Big Meme\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-15 09:43 GMT+8 <a href=https://investorplace.com/2021/06/8-hot-reddit-stocks-that-could-be-the-next-big-meme/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Reddit stocks possess the potential to go on huge rallies in a short amount of time\nSource: Mehaniq / Shutterstock.com\nMeme stocks, Reddit stocks — call them what you want, but they are back in action...</p>\n\n<a href=\"https://investorplace.com/2021/06/8-hot-reddit-stocks-that-could-be-the-next-big-meme/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"RKT":"Rocket Companies","PLTR":"Palantir Technologies Inc.","WEN":"温蒂汉堡","GME":"游戏驿站","BBBY":"3B家居","SPCE":"维珍银河","BB":"黑莓"},"source_url":"https://investorplace.com/2021/06/8-hot-reddit-stocks-that-could-be-the-next-big-meme/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1127219232","content_text":"Reddit stocks possess the potential to go on huge rallies in a short amount of time\nSource: Mehaniq / Shutterstock.com\nMeme stocks, Reddit stocks — call them what you want, but they are back in action. This group has seen plenty of wild price action already, with more ongoing.\nNow, most traders aren’t strangers to a good old-fashioned short squeeze. But the price movement in 2021 has been nothing short of breathtaking, making wild entertainment for armchair analysts.\nThe novel coronavirus wreaked havoc on the economy, supply chains and to an extent, our stock market. But coming into 2021, the market had actually done quite well. It shrugged off a global pandemic and made it through a hostile presidential election. It didn’t even flinch during the early January drama in Washington, D.C., when rioters stormed the Capitol.\nAll of that helped lead to the massive rally we saw later in the month and into February. High-growth stocks, SPACs, IPOs and these new Reddit stocks were all the rage.\nCall them what you will, but these stocks have the potential to go on torrid rallies. Some rally hundreds of percent, others can jump thousands of percent over the course of weeks or months. Conversely, many see large gains that evaporate within a few days.\nThat price action has gone from one or two stocks and has now spilled into dozens of different names.AMC Entertainment(NYSE:AMC) has been the recent leader. Here are eight others that may try to lead as well.\n\nGameStop(NYSE:GME)\nBed Bath & Beyond(NASDAQ:BBBY)\nBlackBerry(NYSE:BB)\nVirgin Galactic(NYSE:SPCE)\nWendy’s(NASDAQ:WEN)\nRocket Companies(NYSE:RKT)\nContextLogic(NASDAQ:WISH)\nPalantir(NYSE:PLTR)\n\nThese companies span industries, but the investing thesis is all the same: These names gain traction on online forums as traders hunt for the next candidate to go up 40%, 50% or more in a single session. Then we see all sorts of epic short-squeezes higher.\nGameStop (GME)\nCan we even talk about Reddit stocks without talking about GameStop? Shares are trading well lately, but they haven’t soared like some of these other names. That said, GameStop is roughly a $250 stock — not a single-digit or sub-$20 name, like many others on this list.\nThe company just reported earnings, beating both top- and bottom-line expectations. However the reaction was pretty tough, with shares tumbling on the report. Given its size, it may be difficult for investors to bid GME stock significantly higher, particularly now that its short interest has dropped to a more reasonable level.\nStill, GameStop has been one of the leaders of this short-squeeze movement and that means it could take off at any time.\nThe company’s chairman is Ryan Cohen, co-founder and former CEO of Chewy(NYSE:CHWY). He’s looking for a new CEO who can lead the company’s e-commerce strategy.\nThe valuation is high, but good news could trigger more upside. Keep an eye on this one.\nBed Bath & Beyond (BBBY)\nI actually nominated Bed Bath & Beyond as my pick for the Best Stock of 2021. However, I didn’t do it under the assumption that “Reddit traders” and “meme stocks” would become a thing. When I initially covered this stock, it was all about the company’s transformation.\nOkay fine… part of the thesiswasthe massive short interest in BBBY stock coming into 2021. Still, I didn’t think we’d see such epic short squeezes across the board.\nBed Bath & Beyond still has about 65% of its float sold short, although that figure is smaller vs. shares outstanding. Still, the company has turned things around as it focuses on e-commerce and omni-channel solutions. That’s helping fuel BBBY’s free cash flow and earnings and has allowed management to initiate a rather large share repurchase plan.\nBlackBerry (BB)\nWith its low price point and legion of loyal bull traders, BlackBerry has found its way onto the list of traders’ favorite short-squeeze stocks.\nSeriously, there are some dedicated investors in this name. Some have been waiting for years. Others are new to the party. But both groups — and everyone in between — are looking at the bullish potential with BB stock.\nWhile BlackBerry may not have its smartphone in every business-person’s pocket anymore thanks to Apple(NASDAQ:AAPL), it does have good software. It also has strong security.\nInterestingly, the automotive industry has become a big contributor to BlackBerry’s business, thanks to all the software, security and interconnectivity of today’s vehicles. Again, good news could create a nice pop in this one if the bulls maintain momentum.\nVirgin Galactic (SPCE)\nVirgin Galactic has been a short-squeeze favorite for a while now. It’s simply too juicy of a stocknotto trade when the environment is right. But let’s not miss Virgin for what it is — this is a speculative stock holding.\nThe company doesn’t generate any meaningful revenue and currently operates at a loss due to development and operational overhead. Understandably, short-sellers like to lay into this one as a result. I mean, with no real revenue and an $8.5 billion market cap, who can blame them?\nHowever, when the short interest gets high (as it often does for SPCE stock), buyers can’t resist the urge to squeeze.\nVirgin hopes to become a space tourism company and is well on its way with its flight milestones. Additionally, it’s working with NASA on high-speed technology. The company recently filed for a shelf registration to sell up to $1 billion in stock, which only makes sense amid the current rally.\nWhile this would usually sap some of its momentum, a stock offering may trigger more upside in this crazy climate.\nWendy’s (WEN)\nWendy’s has suddenly found itself with a chair at the short-squeeze table. And honestly, this is a fascinating one for me.\nShares were trading in relatively normal fashion and Wendy’s was never one of the big Reddit stocks back in January. But that didn’t stop the stock from surging more than 25% in a single day. This one is puzzling.\nWendy’s stock doesn’t have a high short interest (less than 5%). It does have solid growth expectations, but that’s mostly due to a post-coronavirus rebound. However, revenue is forecast to grow 6.7% this year and 2.5% in 2022.\nWhere all the hype is coming from, I’m not sure. But if the stock can hold up around $24 to $25, maybe it can retest its highs.\nRocket Companies (RKT)\nRocket Companies has taken the shorts to task before and I’m sure its investors would love nothing more than to do it again. That’s particularly true as shares fell 30% from the May high to the May low. And thatdoesn’tinclude the beatdown that Rocket Companies suffered from its first major squeeze higher in March.\nFor the record, shares fell more than 60% from that peak to the May trough.\nSince then though, Rocket has found its footing. Unlike Wendy’s, this one does have a higher short interest, although at around 14%, it isn’t exactly high compared to previous Reddit stocks.\nBut management has taken its own shots too. When the company reported earnings in February, it announced a special dividend of $1.11 per share. When holding short, short-sellers have to pay the per-share dividend out of their holdings. Further, the company announced a $1 billion buyback in November.\nContextLogic (WISH)\nContextLogic came public at the end of 2020 in mid-December. So I don’t know that I would classify it as one of the original Reddit stocks based on its rally in the first quarter. But the recent price action has “meme stock” written all over it.\nIts rally in Q1 did take ContextLogic north of $30. However, that was likely due to wider market trends, as growth stocks, SPACs, IPOs and other speculative holdings were surging higher.\nThis time around though, WISH stock is clearly in focus. With a short interest over 15% and a cheap share price (it was near $7.50 a couple days ago), this one was ripe for some attention. It helps that the stock fell almost 80% from peak to trough.\nIt also has solid growth estimates, with revenue expectations of 20% in each of the next three years. The company operates a global e-commerce platform that helps connect users to merchants, while providing various services to the latter.\nPalantir (PLTR)\nPalantir has somewhat fallen by the wayside lately. While the bulls still love the company’s long-term prospects and as the company continues to add more contracts, the stock price has struggled.\nLike Rocket, shares fell more than 62% from peak to trough, although that’s also counting from the stock’s short-squeeze fueled rally a few months ago. Since then, investors have seen a 40% rally from last month’s low.\nThe analyst community is pretty optimistic on this one. They expect 35% revenue growth this year, then 28.5% growth in each of the next two years. That’s pretty darn good and helps justify that 23 times forward revenue valuation it currently commands.\nWhile it doesn’t have huge short interest at the moment, Palantir is a momentum favorite. If the other Reddit stocks are taking a break from the rally, this one may find itself as the next bid-up stock making headlines.","news_type":1},"isVote":1,"tweetType":1,"viewCount":173,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}
