Single stocks are too much risk for me. I took a big hit several years ago learning that I wasn't as smart as I thought I was. These days I pay for advice, sleep better at night, and the future is more certain.
Check out Aurora Cannabis - ACB. I've done quite well with it the past few weeks. It's undervalued; I expect it to go above $10 in the next 9 months or so. With the recent Farm Bill (federally legalizing Hemp and CBD in the US), I believe we're going to see a ton of opportunity in the cannabis sector. Check out Cronos and Canopy Growth too.
Coors is teaming up with companies like HEXO to begin creating cannabis/hemp/cbd infused beverages. Turns out Cannabis is in the same family as hops. We're in for some interesting times ahead!
I'm looking for a strong long term stock, possibly Microsoft. They seem to offer decent dividends. With Azure and all of the cloud-based offerings, I believe they're well positioned, and will continue to do well.
Rod- I added Aurora and Canopy Growth to my SEP this afternoon. Very long term play for me.
I also added CLD(day/swing trade account) this morning on strong volume pop. This will be a swing trade that might lead into a long hold. Something is happening with this stock. Goldman just increased its holdings from 187k to 6.3 million shares. The volume today is the biggest it’s been since February 2018. Look for a low volume pullback if you are interested in playing it.