Pot stocks have delivered triple- and even quadruple-digit returns to investors in 2017. For example, Amfil Technologies Inc. (OTCMKTS:AMFE) has exploded a massive 1,942.8% so far this year.
Video5 Things Marijuana Investors Need to Know Now
But there’s still risk involved in this industry, as you’ll see when we detail this recentmarijuana penny stock scandal. Afterward, we’ll also give you two important tips for avoiding these kinds of scams in the future…
This Marijuana Penny Stock Is Being Investigated by the SEC
The investigation involves one of 2013’s top-performing marijuana stocks: CV Sciences Inc. (OTCMKTS:CVSI), which also goes by the name CannaVest. It’s a Las Vegas-based cannabis firm charged with fraud back in June for falsifying its finances in 2013.
That year – 2013 – was considered a banner year for CVSI stock, which rocketed 700%, from $5 to $40. By January 2014, it had reached an all-time high of $70.
Hot Performing Stocks To Buy Right Now: KB Financial Group Inc(KB)
- [By Lisa Levin]
In trading on Tuesday, financial shares tumbled 1.74 percent. Meanwhile, top losers in the sector included Federated National Holding Co (NASDAQ: FNHC), down 16 percent, and KB Financial Group, Inc. (ADR) (NYSE: KB) down 10 percent.
Hot Performing Stocks To Buy Right Now: Nordstrom Inc.(JWN)
- [By Chris Lange]
Nordstrom, Inc. (NYSE: JWN) reported fiscal first-quarter financial results after markets closed Thursday. The company reported $0.43 in earnings per share (EPS) and $3.3 billion in revenue versus consensus estimates from Thomson Reuters that called for $0.27 in EPS and $3.34 billion in revenue. The same period from last year had $0.26 in EPS and $3.25 billion in revenue.
- [By Paul Ausick]
One bit of good news for Walmart is that its Sam’s Club warehouse stores scored an 80 to tie for third behind Costco Wholesale Corp. (NASDAQ: COST) at 83 and Nordstrom Inc. (NYSE: JWN) at 81.
- [By Peter Graham]
Small cap department store stock Dillard’s, Inc (NYSE: DDS), whos potential peers includemid caps Macy’s, Inc (NYSE: M) and Nordstrom, Inc (NYSE: JWN) and small cap J C Penney Company Inc (NYSE: JCP), is the most shorted stock on the NYSE with short interest of 60.80% according to Highshortnterest.com.
- [By ]
When it comes to fashion, Nordstrom (JWN) was a surprise pick, along with Macy’s (M) which has been investing to fight back against Amazon.
Boss admitted that President Trump and a trade war with China remain a wild card for retailers and that will be something they continue to watch closely.
Hot Performing Stocks To Buy Right Now: Canon, Inc.(CAJ)
- [By Dan Carroll]
Nikon’s story is similar to what’s plaguing its Japanese rival, Canon (NYSE: CAJ ) . Canon’s stock has nosedived by 20% year to date, but the stock’s recovered nearly 3% over the past month. Don’t let appearances fool you: The company slashed its full-year sales and profit forecasts back in July, as the worldwide camera market has slumped, and as smartphones continue to take over this aging niche. Canon’s route back to respectability looks like a treacherous climb.
- [By Paul R. La Monica]
Miscellaneous shorts. Lamensdorf is also betting against Japanese printer and camera giant Canon (CAJ) since he believes the company still hasn’t figured out a way to compete with smartphones.