GWPH - Got $5000? These 2 Market-Beating Pot Stocks Are Still Hot Buys Right Now
Beating the markets isn't an easy task for pot stocks. In 2019, the Horizons Marijuana Life Sciences ETF (OTC: HMLSF) crashed 39%, and it's already down another 24% during 2020. That's compared with the S&P 500's near-breakeven performance; the index is down just 2% this year.
Pot stocks that are able to outperform not just the Horizons ETF but the S&P 500 aren't all that common. But through the first six months of the year, both of the stocks listed below have done just that. And if you've got $5,000 to invest with, you should consider buying these high growth stocks today.
By the end of June, GW Pharmaceuticals (NASDAQ: GWPH) stock was up 17% from the start of the year. During that time, the Horizons ETF was down 22% and the S&P's return was a negative 4%.