TLRY - Cannabis Stocks Dip: How Rising Interest Rates Impact Your Portfolio | Benzinga
On Friday, cannabis stocks traded lower with the overall market. Marketfy analyst Michael Berger will be monitoring how the sector performs this week.
However, as he mentioned in his subscription product, Benzinga PotProfits (which can be found on marketfy.com), he is not surprised by the market weakness as interest rates continue to rise. In his view, this is a trend that readers should be aware of.
Some stocks to highlight from last week include:
- Canopy Growth (NASDAQ: CGC) ended the week on a down note and dropped almost 5%. Berger is cautiously following the Canadian cannabis company and will be providing updates on price movements from here.
- Green Thumb Industries (OTC: GTBIF) edged higher on Friday and Berger plans to add the stock to the mock portfolio this week. He considers the US cannabis company to be a top pick and will provide updates on his strategy as needed.
- Trulieve Cannabis Corp. (OTC: TCNNF) traded more than 2% lower on Friday and Berger remains on the sidelines with the US cannabis company. He plan to add the stock to ...