Top Canadian Stocks To Watch Right Now

Is another major marijuana merger on the way?

There have already been several big mergers and acquisitions among Canadian marijuana growers over the last couple of years. The biggest deal so far was Aurora Cannabis’ (NASDAQOTH:ACBFF) once-hostile but laterfriendly takeover of CanniMed Therapeutics. Now it seems that Aurora might be itching for an even bigger deal.

This time, the potential target isMedReleaf (NASDAQOTH:MEDFF). With a current market cap of $1.75 billion, MedReleaf ranks as the third-biggest Canadian marijuana grower behind Canopy Growth (NASDAQOTH:TWMJF) and Aurora. If Aurora acquires MedReleaf, it would immediately jump to the top. But is a deal really likely?

Image source: Getty Images.

What the companies are saying — and not saying

On Wednesday, Canadian newspaper The Globe and Mail reported that MedReleaf was looking for a potential buyer — and that Aurora was interested. Investors got so worked up about the possibility of a deal the next day that theInvestment Industry Regulatory Organization of Canada (IIROC) halted trading of both marijuana stocks on Thursday due to unusually high trading levels.

Top Canadian Stocks To Watch Right Now: Natural Gas(NG)

Advisors’ Opinion:

  • [By Shane Hupp]

    JPMorgan Chase set a GBX 870 ($11.80) target price on National Grid (LON:NG) in a research note released on Monday. The brokerage currently has a buy rating on the stock.

  • [By Money Morning Staff Reports]

    Canadian gold mining company NovaGold Resources Inc. (NYSE: NG) shows an even starker change in sentiment. In the last 12 months, the volume of short bets on the stock declined 79%, to 522,400.

  • [By Money Morning News Team]

    Canadian gold mining company NovaGold Resources Inc. (NYSE: NG) shows an even starker change in sentiment. In the last six months, the volume of short bets on the stock declined 32.75%, from 19.05 million shares to 12.81 million.

Top Canadian Stocks To Watch Right Now: Wells Fargo & Company(WFC)

Advisors’ Opinion:

  • [By Garrett Baldwin]

    Money MorningDirector of Technology & Venture Capital Research Michael A. Robinson has brought our readers some of the best ways to make money on technology stocks. But there’s always been one company that he’s largely avoided over his career… until now. You’re not going to believe what U.S. tech firm Michael says will unleash a wave of profits on investors in the future. Find out here.

    Four Stocks to Watch Today: FB, TSLA, JPM, WFC
    Facebook Inc. (Nasdaq: FB) CEO Mark Zuckerberg will appear before a joint hearing of the Senate Judiciary and Commerce committee. Congress is investigating the data scraping efforts of Cambridge Analytica, which have brought a significant amount of embarrassment to the social media giant. Congress will be asking questions about the firm’s privacy practices in the wake of the policy that allowed Cambridge Analytica to obtain the personal information of roughly 87 million users. Shares of Tesla Inc. (Nasdaq: TSLA) made small gains after the announcement by China’s president to cut import tariffs. But there was a second factor that provided investor enthusiasm this morning. The head of the National Transportation Safety Board said that he had a “constructive conversation” with Tesla CEO Elon Musk as the agency probes a recent fatal crash involving the firm’s semi-autonomous vehicles. Markets are paying close attention to earnings reports this week. The first major test of earnings season will come later this week after several key U.S. banks report earnings. JPMorgan Chase & Co. (NYSE: JPM), Citigroup Inc. (NYSE: C), and Wells Fargo & Co.(NYSE: WFC) will all report earnings on Friday morning. Look for additional earnings reports from Jamba Inc. (Nasdaq: JMBA), MSC Industrial Direct Co. Inc.(NYSE: MSM), AZZ Inc.(NYSE: AZZ), and Healthcare Services Group Inc. (Nasdaq: HCSG).

    FollowMoney MorningonFacebook,Twitter, andLinkedIn.

  • [By Chris Lange]

    Wells Fargo & Co. (NYSE: WFC) short interest shrank to 31.68 million shares from the previous reading of 35.77 million. Shares were trading at $52.10, within a 52-week range of $49.27 to $66.31.

  • [By ]

    Here Are 3 Hot Things to Know About Stocks Right Now Futures point to the Dow and S&P 500 continuing to edge higher, while the Nasdaq is expected to fall at opening. Earnings from the U.S.’s big banks kick off Friday with  Action Alerts PLUS holding JPMorgan Chase & Co. JPM, Wells Fargo & Co. (WFC)  and Citigroup Inc. (C) European markets were mixed with France’s Cac 40 and Germany’s Dax up and London’s FTSE 100 on the back foot as the pound edged higher.  Markets Overview

    Global markets struggled to stay in positive territory on Friday, April 13, and U.S. futures were under pressure at President Donald Trump and allies weighed action in Syria.

Top Canadian Stocks To Watch Right Now: Canadian Imperial Bank of Commerce(CM)

Advisors’ Opinion:

  • [By Stephan Byrd]

    Canadian Imperial Bank of Commerce (NYSE:CM) (TSE:CM) declared a quarterly dividend on Wednesday, May 23rd, Zacks reports. Stockholders of record on Thursday, June 28th will be paid a dividend of 1.036 per share by the bank on Friday, July 27th. This represents a $4.14 dividend on an annualized basis and a dividend yield of 4.63%. The ex-dividend date is Wednesday, June 27th.

  • [By Lisa Levin] Companies Reporting Before The Bell
    Target Corporation (NYSE: TGT) is estimated to report quarterly earnings at $1.38 per share on revenue of $16.50 billion.
    Ralph Lauren Corporation (NYSE: RL) is expected to report quarterly earnings at $0.83 per share on revenue of $1.48 billion.
    Lowe's Companies, Inc. (NYSE: LOW) is projected to report quarterly earnings at $1.25 per share on revenue of $17.63 billion.
    Tiffany & Co. (NYSE: TIF) is estimated to report quarterly earnings at $0.83 per share on revenue of $957.49 million.
    Canadian Imperial Bank of Commerce (NYSE: CM) is expected to report quarterly earnings at $2.23 per share on revenue of $3.40 billion.
    Citi Trends, Inc. (NASDAQ: CTRN) is projected to report quarterly earnings at $0.9 per share on revenue of $210.70 million.
    Qiwi plc (NASDAQ: QIWI) is expected to report quarterly earnings at $0.25 per share on revenue of $60.19 million.
    iClick Interactive Asia Group Limited (NASDAQ: ICLK) is projected to report quarterly loss at $0.06 per share on revenue of $34.87 million.

     

  • [By Motley Fool Staff]

    Canadian Imperial Bank of Commerce (NYSE:CM)Q2 2018 Earnings Conference CallMay 23, 2018, 8:00 a.m. ET

    Contents:
    Prepared Remarks Questions and Answers Call Participants
    Prepared Remarks:

    Operator

  • [By Logan Wallace]

    Canadian Imperial Bank of Commerce (TSE:CM) (NYSE:CM) – Analysts at Desjardins reduced their Q2 2018 earnings per share estimates for Canadian Imperial Bank of Commerce in a research report issued to clients and investors on Wednesday, May 2nd. Desjardins analyst D. Young now forecasts that the company will post earnings of $2.85 per share for the quarter, down from their prior estimate of $2.86.

Top Canadian Stocks To Watch Right Now: Nu Skin Enterprises Inc.(NUS)

Advisors’ Opinion:

  • [By ]

    Nu Skin Enterprises (NYSE: NUS) is benefiting from two key trends: its strong presence in Asia where it books 79% of its revenue and leading brand awareness with millennials. The company has increased its dividend every year since 2001, now paying a 2% yield, and maintains a share repurchase program that returns excess cash to shareholders.

  • [By Shane Hupp]

    Shares of Nu Skin Enterprises, Inc. (NYSE:NUS) reached a new 52-week high and low during trading on Wednesday . The company traded as low as $81.72 and last traded at $81.25, with a volume of 3382 shares traded. The stock had previously closed at $80.34.

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