{"id":125097,"date":"2019-11-19T22:52:07","date_gmt":"2019-11-19T22:52:07","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=125097"},"modified":"2019-11-20T12:57:03","modified_gmt":"2019-11-20T12:57:03","slug":"tech-and-weed-soar-as-retail-swoons","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/tech-and-weed-soar-as-retail-swoons\/","title":{"rendered":"Tech and weed soar as retail swoons"},"content":{"rendered":"<hr>\n<table cellpadding=\"10\" align=\"center\">\n<tbody style=\"padding: 10px; font-family: Helvetica, Arial;\">\n<tr align=\"center\">\n<td align=\"center\"><center>This week, you missed Past Top Picks comments by <a href=\"https:\/\/stockchase.com\/expert\/view\/78\/David-Cockfield\">David Cockfield<\/a> including <a href=\"https:\/\/stockchase.com\/company\/view\/169\/BNS-T\">Bank of Nova Scotia<\/a> (A Top Pick Nov 30\/18, Up 10% &#8211; Still likes it.) <strong><a href=\"https:\/\/stockchase.com\/premium\/?utm_e-top-promo-top-picks-text\">Get Premium<\/a> to receive all past top picks opinions a few hours before market open.<\/strong><br \/><a href=\"https:\/\/stockchase.com\/premium\/?utm_e-top-promo-top-picks-image\"><img decoding=\"async\" src=\"https:\/\/stockchase.com\/discover\/wp-content\/uploads\/2019\/11\/premium-button.png\" alt=\"Get Premium\" width=\"289\" height=\"48\" class=\"alignnone size-full wp-image-123205\" \/><\/a><\/center><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<hr>\n<h3>Tech and weed soar as retail swoons&#8230;<\/h3>\n<p>On Tuesday, tech was the winner and retail the loser in American markets. <a href=\"https:\/\/stockchase.com\/company\/view\/4277\/FB-Q\">Facebook<\/a> (up 0.97%), <a href=\"https:\/\/stockchase.com\/company\/view\/5082\/AVGO-Q\">Broadcom<\/a> (2.13%) and <a href=\"https:\/\/stockchase.com\/company\/view\/4017\/TSLA-Q\">Tesla<\/a> (2.72%) helped push the <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2019-11-18\/asia-stocks-set-for-muted-open-treasuries-advance-markets-wrap?srnd=premium-canada\" target=\"_blank\" rel=\"noopener\">Nasdaq<\/a> to a new record of 8,570. Broadcom itself hit a record high after Stanley Morgan upgraded the chipmaker to not only a buy, but also a &#8220;top pick.&#8221; <\/p>\n<p>On Monday, <a href=\"https:\/\/stockchase.com\/company\/view\/567\/HD-N\">Home Depot<\/a> reached new highs, but plunged 5.44% Tuesday after an <a href=\"https:\/\/finance.yahoo.com\/video\/home-depot-cuts-2019-outlook-205342655.html\" target=\"_blank\" rel=\"noopener\">earnings<\/a> miss and a downbeat outlook for 2019. But their woes were nothing compared to <a href=\"https:\/\/stockchase.com\/company\/view\/1710\/KSS-N\">Kohl&#8217;s<\/a> which was decimated by 19.49% after releasing weaker-than-expected earnings and cutting guidance. These retailers helped push the Dow down 0.36% from yesterday&#8217;s record, but also infected other major American retailers which report later this week. <a href=\"https:\/\/stockchase.com\/company\/view\/469\/M-N\">Macy&#8217;s<\/a> dropped 10.9% and <a href=\"https:\/\/stockchase.com\/company\/view\/1808\/JWN-N\">Nordstrom<\/a> fell 6.26%.<\/p>\n<p>The TSX closed a hair lower in a flat market. Perhaps Canadian cannabis stocks have hit a bottom. <a href=\"https:\/\/stockchase.com\/company\/view\/5737\/HEXO-T\">Hexo<\/a> (up 16.11%), <a href=\"https:\/\/stockchase.com\/company\/view\/5210\/APHA-T\">Aphria<\/a> (12.92%) and <a href=\"https:\/\/stockchase.com\/company\/view\/5822\/TGOD-T\">Green Organic Dutchman<\/a> (12.31%) shot up on Tuesday. They were closely followed by <a href=\"https:\/\/stockchase.com\/company\/view\/4811\/WEED-T\">Canopy<\/a> and <a href=\"https:\/\/stockchase.com\/company\/view\/5508\/CRON-T\">Cronos<\/a>. <\/p>\n<p>&#x1f64b;&#x200d;&#x2642;&#xfe0f; <a href=\"https:\/\/stockchase.com\/company\/view\/4277\/FB-Q\">Facebook<\/a> +0.97%<br \/>\n&#x27b0; <a href=\"https:\/\/stockchase.com\/company\/view\/5082\/AVGO-Q\">Broadcom<\/a> +2.13%<br \/>\n&#x26a1;&#xfe0f; <a href=\"https:\/\/stockchase.com\/company\/view\/4017\/TSLA-Q\">Tesla<\/a> +2.72%<br \/>\n&#x1f477;&#x200d;&#x2640;&#xfe0f; <a href=\"https:\/\/stockchase.com\/company\/view\/567\/HD-N\">Home Depot<\/a> -5.44%<br \/>\n&#x231a;&#xfe0f; <a href=\"https:\/\/stockchase.com\/company\/view\/1710\/KSS-N\">Kohl&#8217;s<\/a> -19.49%<br \/>\n&#x1f454; <a href=\"https:\/\/stockchase.com\/company\/view\/469\/M-N\">Macy&#8217;s<\/a> -10.9%<br \/>\n&#x1f97e; <a href=\"https:\/\/stockchase.com\/company\/view\/1808\/JWN-N\">Nordstrom<\/a> -6.26%<br \/>\n&#x1f4a8; <a href=\"https:\/\/stockchase.com\/company\/view\/5737\/HEXO-T\">Hexo<\/a> +16.11%<br \/>\n&#x2668;&#xfe0f; <a href=\"https:\/\/stockchase.com\/company\/view\/5210\/APHA-T\">Aphria<\/a> +12.92%<br \/>\n&#x1f6ac; <a href=\"https:\/\/stockchase.com\/company\/view\/5822\/TGOD-T\">Green Organic Dutchman<\/a> +12.31%<\/p>\n","protected":false},"excerpt":{"rendered":"<p>This week, you missed Past Top Picks comments by David Cockfield including Bank of Nova Scotia (A Top Pick Nov 30\/18, Up 10% &#8211; Still likes it.) Get Premium to receive all past top picks opinions a few hours before [&hellip;]<\/p>\n","protected":false},"author":12,"featured_media":345019,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"cwp_meta_box_check":"No","cwp_rev_product_name":"","cwp_rev_product_image":"","wppr_links":[],"cwp_rev_price":"","wppr_options":[],"wppr_pros":[],"wppr_cons":[],"footnotes":""},"categories":[178],"tags":[204,367,28,333,288,24,39],"class_list":["post-125097","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily","tag-cannabis","tag-computers","tag-earnings","tag-profits","tag-retail","tag-social-media","tag-tech"],"wppr_data":{"cwp_meta_box_check":"No"},"_links":{"self":[{"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/125097","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/comments?post=125097"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/125097\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/media\/345019"}],"wp:attachment":[{"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/media?parent=125097"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=125097"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=125097"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}