Shesa's Investment Blog

Canopy Growth Corp (CGC)  On Friday, 2/14, CGC released third-quarter financial results that surpassed expectations. CGC generated net revenue of $123.8 million and net loss of $124.2 million , or 35 cents per share which was much better than consensus estimates of $108.7 million revenue and a 50-cents per share . The shares were up more 13.37% on Friday.  My View: Frankly, I never expected that Canopy' result will be so strong. It's difficult to conclude anything after seeing results for just one quarter. However, please note that it didn't have any of the Canada 2.0 products in it which went into sell in January. So, it's expected that the company may also have pretty good next quarter . In addition, this is a CASH RICH company with $2.3 billion cash . This is the biggest advantage. Hence, it's a BUY . SmileDirectClub (SDC)  The “teledentristy” company was included to my blog portfolio a couple of months ago. Last Friday, the company hit back at ...

FEBRUARY 2020 - INVESTMENT BLOG By Shesa Nayak U.S. Stock Market Update       The coronavirus originated from Wuhan; China rattled the stock market for a couple of days before bouncing back. Though the stock market has recovered, coronavirus still keeps spreading and no containment in site. As I write this blog it has spread to more than 37,592 people and more than 813 deaths reported mostly from China. I will have detailed analysis on this later on. Meanwhile, fourth quarter earnings season is underway. Most of the big tech giants have reported their earnings. Some of them reported spectacular earnings, particularly Amazon and Apple, the only exception was Google who had lackluster revenue and earnings. Phase one trade deal was signed between U.S and China in mid-January but stock market had already factored in all the gains. Moreover, trade deal and good fourth earning reports could not able to provide momentum for the st...