Globe and Mail Recommends Cannabis Investment

Article by Ryan Modesto, 5i Research via The Globe and Mail

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Halloween is fast approaching, and as all of the ghouls and goblins take to the streets, investors have some goblins that they need to be concerned about in their portfolios. With a U.S. election approaching in about a week’s time and an interest rate increase looking likely in December, volatility will become a familiar word over the next month or so. Investors can take advantage of this volatility by adding to names that see declines over this scary period. We are highlighting three spooky stocks that may have a place in your portfolio:

Marijuana stocks
This is more of a scary space than a single fear-inducing stock. The blistering returns over the last year may be a sign of caution for some or a sign of more good things to come for others, but what may spook investors is the recent increase in short positions on these names from the end of September to mid-October.

It’s a bit too early to hide under the bed here, as the overall short position is still on the smaller side and the growth in the short position is coming from a small base, but it is certainly a trend to watch in what is already a small-cap and highly volatile space with a great deal of uncertainty surrounding the industry. Some investors have already reaped scary profits in this area and there could be more to come, but investors would be prudent to be aware of the dangers lurking in this space.

Happy Halloween!

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