Articles for author: Ron Finklestien

January 8, 2024

Ron Finklestien

Five Cannabis Stocks with Potential for Growth and Stability

Confidence Amidst Market Upswing The first week of 2024 witnessed substantial stock price appreciation for the majority of the 30 stocks ranked weekly by Viridian Capital Advisors. Notably, the MSOS ETV surged by 12.84%, marking the sharpest uptick since the HHS announcement at the end of August. Surprisingly, the surge was not catalyzed by any specific news—just a market eager to believe following confirmation from the DEA that they are studying the issue of rescheduling. Despite optimism, Viridian Capital Advisors indicated a likelihood of DEA moving to schedule 3 to eliminate 280e benefits, but expressed skepticism about the possibility of

January 8, 2024

Ron Finklestien

Insights into Ardelyx Stock Movement Insights into Ardelyx Stock Movement

Ardelyx, Inc. ARDX shares are trading higher Monday after the company provided a strategic business update. Here’s a look at what’s going on. The Strategic Update: Ardelyx, Inc. released a business update on Monday, predicting that its FDA-approved IBS treatment, Ibsrela, is poised to transcend the market with over ten percent share at its zenith, projecting to yield over $1.0 billion in annual U.S. net product sales revenue before the patent term expiration. Moreover, the company forecasts 2024 U.S. net product sales revenue for Ibsrela to reach between $140 million and $150 million for the full year. Speaking on the

January 8, 2024

Ron Finklestien

Electronics Semiconductor Stocks For the Win 4 Electronics Semiconductor Stocks to Consider

The global macroeconomic environment and market volatility have put immense pressure on the Zacks Electronics – Semiconductors industry. Geo-political tensions, forex challenges, and inflationary pressures have all made a significant impact on the industry’s outlook. The industry has, however, seen several players like Advanced Micro Devices (AMD), ASE Technology (ASX), Cirrus Logic (CRUS) and QuickLogic (QUIK) benefit from the rising demand for consumer electronic devices and innovative technological solutions. The Zacks Electronics – Semiconductors industry caters to various end-markets and provides cutting-edge semiconductor technologies, packaging and test services, and intelligent and connected products. These companies are investing heavily in research

January 8, 2024

Ron Finklestien

Canoo Inc. Reports Purchase of New Manufacturing Assets Driving Stock Surge Canoo Inc. Reports Purchase of New Manufacturing Assets Driving Stock Surge

Revving Up Production Canoo Inc GOEV shares are trading higher. The company on Monday reported the purchase of new manufacturing assets. What’s Happening: Canoo announced the purchase of manufacturing assets “at dramatically reduced prices” to scale production at its Oklahoma City facility. The assets, including robotics and controls processing equipment for building vehicle cabins, were procured at discounted prices of over 80% of estimated value. “While many companies invested in capital equipment prematurely, we continue to phase our investment with our growth,” said Ramesh Murthy, Canoo’s chief accounting officer. “These opportunities to acquire assets at significantly discounted prices have allowed us to further reduce our 2023

January 8, 2024

Ron Finklestien

Boeing and Spirit AeroSystems Plunge – A Financial Rollercoaster Boeing and Spirit AeroSystems Plunge: A Financial Rollercoaster

Listen below or on the go on Apple Podcasts and Spotify Plunge of Shares Shares of Boeing and Spirit AeroSystems have plummeted after a mid-air incident sent shockwaves through the aerospace industry. Boeing is down 8% pre-market due to a safety issue related to one of its plane models. A door plug on Alaska Airlines Flight 1282 blew out, causing the cabin to rapidly depressurize, only 6 minutes after takeoff. Although the plane landed back safely and no serious injuries were reported, the FAA ordered certain Boeing 737 MAX 9 planes to be grounded after the incident. Notably, the part

January 8, 2024

Ron Finklestien

Snap-on (SNA) Shows Robust Potential with RCI Initiative & Cost Plans Snap-on (SNA) Shows Robust Potential with RCI Initiative & Cost Plans

Snap-on Incorporated SNA continues its stride, propelled by steadfast market positioning and promising near-term prospects, supported by innovative products, a resilient franchise network, and sturdy financial performance. The company’s unwavering momentum and contributions from its Value Creation plan have been instrumental in its ongoing success. Positive Momentum Snap-on remains on course with its Rapid Continuous Improvement (“RCI”) process, along with other cost-reduction endeavors. The combination of increased sales volume, pricing actions, lower material and other costs, and gains from the RCI initiatives has facilitated margin expansion. The company marked a year-over-year improvement in both top and bottom lines in the

January 8, 2024

Ron Finklestien

Market Moods: Nasdaq Gains While Others Waver Market Moods: Nasdaq Gains While Others Waver

U.S. stocks traded mixed this morning, with the Nasdaq Composite gaining around 100 points on Monday. Following the market opening Monday, the Dow traded down 0.45% to 37,296.85 while the NASDAQ rose 0.75% to 14,632.70. The S&P 500 also rose, gaining, 0.26% to 4,709.31. Check This Out: Don’t Miss These 3 Consumer Stocks With Over 3% Dividend Yields From Wall Street’s Most Accurate Analysts Diverging Sectors: Tech Soars, Energy Sinks Information technology shares jumped by 1.1% on Monday. In trading on Monday, energy shares fell by 2.7%. Corporate Triumph: Commercial Metals Shines Commercial Metals Company CMC posted upbeat earnings for

January 8, 2024

Ron Finklestien

Reaping the Rewards of Value Investing Reaping the Rewards of Value Investing

I always include a few mentors when I write new books and in my latest book, I reference my friend and fellow Seeking Alpha writer, Chuck Carnevale. I met Chuck around fourteen years ago when I began writing on Seeking Alpha and he was kind enough to teach me how to become a value investor. As Chuck explained, …if you’re looking for short-term profits, value investing is not a strategy for you. To keep this clear in my own mind rather than calling it value investing, I like to think of it as business perspective investing. In other words, I

January 8, 2024

Ron Finklestien

mining

Lithium Junior Kali Metals Rises on ASX Debut Lithium Junior Kali Metals Rises on ASX Debut

Kali Metals’ entrance on the ASX has generated tremendous interest, notably from heavyweights in the local mining sector. The managing director of Mineral Resources, Chris Ellison, showed significant interest through his private company, Wabelo. The success story of Kali Metals, a spin-off of Kalamazoo Resources (ASX: KZR) and Karora Resources (TSX: KRR) lithium assets, stands in stark contrast to the challenges faced by other Australian juniors. For instance, Core Lithium (ASX: CXO) recently had to cease operations at its Finniss complex due to what it described as “tough” market conditions. Moreover, other small players have found themselves embroiled in a

January 8, 2024

Ron Finklestien

Should You Invest in Spectaire Holdings, Dorian LPG, Ginkgo Bioworks, Dada Nexus, or Ampio Pharmaceuticals? Thinking about investing in these stocks? Read this first!

NEW YORK, Jan. 8, 2024 /PRNewswire/ — InvestorsObserver issues critical PriceWatch Alerts for SPEC, LPG, DNA, DADA, and AMPE. To see how InvestorsObserver’s proprietary scoring system rates these stocks, view the InvestorsObserver’s PriceWatch Alert by selecting the corresponding link. SPEC: https://www.investorsobserver.com/lp/pr-stocks-lp-2/?stocksymbol=SPEC&prnumber=202401080 LPG: https://www.investorsobserver.com/lp/pr-stocks-lp-2/?stocksymbol=LPG&prnumber=202401080 DNA: https://www.investorsobserver.com/lp/pr-stocks-lp-2/?stocksymbol=DNA&prnumber=202401080 DADA: https://www.investorsobserver.com/lp/pr-stocks-lp-2/?stocksymbol=DADA&prnumber=202401080 AMPE: https://www.investorsobserver.com/lp/pr-stocks-lp-2/?stocksymbol=AMPE&prnumber=202401080 (Note: You may have to copy this link into your browser then press the [ENTER] key.) InvestorsObserver’s PriceWatch Alerts are based on our proprietary scoring methodology. Each stock is evaluated based on short-term technical, long-term technical, and fundamental factors. Each of those scores is then combined into an overall score that