Robert LauzonScotts Miracle-Gro CompanySMGBUYJun 25, 2018

He uses their product, but if the weather isn't good, he can't recommend this stock.

Agriculture is one of the big themes he's pursuing. He's been using MOO, which has been making relative strength new highs. Agriculture has recently been breaking out to new highs. SMG would fit in here. Technically, a good time to buy. Looks very, very good through $220. Also owns NTR.

The company has a hydroponic division that is getting into cannabis. He thinks cannabis is a busy space with 168 companies now claiming activity in the field. His analysis suggests (based on Colorado’s experience) the sector will face rapidly plateauing sales after the first couple of years. About 6% of the population turned out to be regular users and 80% of the population doesn’t care. He would not buy this based on their entry into cannabis.

It was in an uptrend and then there was consolidation. There was support at $82 and then that broke down. On the positive sign it is consolidating. You would like to see a break out above $89 so it could return to its old trading range. It is in no man's land right now.

Marijuana stocks? A lot of the marijuana companies are going to disappear, so it is not going to go up every day and keep on getting higher and higher. You also have to watch that there are a lot of people who just want to fleece you in this field. This fertilizer company is actually diversifying into the area, and have come out with an earth product that is especially made for pot growers.