{"id":139354,"date":"2020-01-13T22:46:28","date_gmt":"2020-01-13T22:46:28","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=139354"},"modified":"2020-01-14T03:35:10","modified_gmt":"2020-01-14T03:35:10","slug":"markets-soar-before-trade-deal-as-weed-spikes","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/markets-soar-before-trade-deal-as-weed-spikes\/","title":{"rendered":"Markets soar before trade deal as weed spikes"},"content":{"rendered":"

The S&P and Nasdaq closed at record highs Monday as American and Chinese officials prepared to sign phase one of their trade deal<\/a> later this week. The Nasdaq leapt over 1%, while the S&P rallied 0.7%. Continuing its winning streak, Tesla<\/a> rocketed nearly 10% after an analyst raised his price target on the e-car giant by almost 60%.<\/p>\n

The TSX rallied 0.34% despite losses in energy (crude was -1.61%), but was lifted by sharp increases in weed stocks. The top four gainers by percentage were all cannabis: Hexo<\/a> (13.79%), Canopy<\/a> (12.35%), Cronos<\/a> (10.36%) and Aphria<\/a> (9.74%). However, to keep things in perspective, weed stocks have plunged in the past year. Hexo’s 52-week high is $11.29, and it closed Monday at $1.98. Perhaps Cannabis 2.0 will finally take off in 2020. More surprising were a series of angry tweets<\/a> Sunday night from the CEO of Maple Leaf Foods<\/a> who castigated “a narcissist in Washington” (Trump was not mentioned by name) for treating the passengers of a passenger jet that Iranian forces shot down last week as “collateral damage.” The wife and 11-year-old son of a Maple Leaf colleague were among the 57 Canadians killed. Michael McCain’s comments may harm his company (the stock was down 0.96% Monday), but he was expressing the anger and pain of many Canadians.<\/p>\n

🚗 Tesla Motors Inc<\/a> +10%
\n🌿 Hexo Corp<\/a> +13.79%
\n🌿 Canopy Growth Corp<\/a> +12.35%
\n🌿 Cronos Group Inc<\/a> +10.36%
\n🌿 Aphria Inc<\/a> +9.74%
\n🥫 Maple Leaf Foods<\/a> -0.96%<\/p>\n","protected":false},"excerpt":{"rendered":"

The S&P and Nasdaq closed at record highs Monday as American and Chinese officials prepared to sign phase one of their trade deal later this week. The Nasdaq leapt over 1%, while the S&P rallied 0.7%. Continuing its winning streak, […]<\/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":[],"class_list":["post-139354","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily"],"wppr_data":{"cwp_meta_box_check":"No"},"_links":{"self":[{"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/139354","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=139354"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/139354\/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=139354"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=139354"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=139354"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}