What Will the Fed do Next Week?
The Timing Looks Perfect for our New Report as Recently a Nevada Judge Orders State Board to Remove Cannabis from Schedule One. We Believe a Slowing Economy Could put Cannabis Front Stage for Federal Legalization.
Cannabis Sector Report, Small Float, Recent NASDAQ IPO, Under the Radar. Don’t Miss This Full Report Coming Monday September 19th, 2022 Near Market Open.
Good day everyone,
There’s a lot of jitters over the Fed meeting coming this week as investors are wondering how severe a rate hike could be coming. All the recent inflation indicators have shown that the cumulative rate hikes this year haven’t had much impact on rising costs. Pundits are guessing the next rate hike could be .75% or even 1%.
What impact will increasing interest rates have on the housing industry? The current average rate for a 30-year fixed mortgage is 6.3%. Reports indicate that housing prices are holding thus far, but the number of buyers, and new housing starts are in decline. Higher mortgage rates could change the status quo.
I want to talk about a NASDAQ company that is new to our group. The company is making a big strides in the cannabis sector with products that show great promise. I think once you read our report, you might agree that this company represents a terrific opportunity in a market that continues to grow with a significant level of M&A activity.
This company has a lot of attributes I like such as current revenues, a strong cash position, small share structure and a large insider ownership position.
Stay tuned and stay informed. We will issue this report on Monday 9-19-22 at market open.
The Traders News Group
#Cannbisindustry, #stocks, #stockstobuy, #stockstowatch