Feb 10, 2021

#79 - Energy Stocks Soar, Weed Stocks Rip and The Destruction Of Old Media

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The Reformed Millennials Podcast covers a wide ranging topic arc focusing on Sports and Investing. RM Pod is dedicated to identifying the latest trends in technology, sport and investing. We discuss the ways Millennials can leverage these trends to better invest their time, fandom and money.
Episode details

In this week's episode of Reformed Millennials, we briefly discuss our 2021 predictions and how they’re playing out, the bitcoin new ATH’s, energy prices rising and the future of weed stocks. This is a super fun episode and we recommend skipping the Market Update and listening to back half of the episode where we discuss old media and its dismantling at the hand of technology and influencers.

Listen on AppleSpotify, or Google Podcasts.

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👉 For specific investment questions or advice contact Joel @ Gold Investment Management.

📈📊Market UPDATE💵📉

  • The Russell 2000 kept its winning streak… the count is now 7.

  • The S&P 500 barely closed lower as its streak stopped at 6.

  • Real estate was today’s strongest sector on tuesday. $XLRE ran 0.45% and closed at its highest price since March 6, 2020.

  • Energy stalled 1.12%, but the $XLE posted an inside day but is up 13% in February alone!  

  • Bitcoin and Ethereum both bounced to all-time high territory. 🎈🚀

  • Bitcoin up 12,500 percent last 5 years. What an incredible moment in software, branding, markets, greed, fear and wealth creation. No excuses really for those that did not participate.

  • Emerging markets marched on. $EEM surged 1.06% and closed at an all-time high. 

  • Pot stocks popped. $MJ flew another 13.4% as the marijuana ETF is up more than 100% so far this year.  

  • Chinese tech has been on a tear— Invesco China Technology ETF $CQQQ is up more than 130% since its March low.


Every day the market marches upwards and to the right… 🌈 🌿 But this past week has been extra special, if you were invested in pot stocks.

After $CGC reported earnings this morning and $TLRY announced that it will be importing and selling medicinal marijuana in the UK, investors opened their eyes (barely, lol) and started munching on pot socks. 

$TLRY △ 40.74%
$APHA △ 25.13%
$GRWG △ 2.56%
$CGC △ 12%

WHY? Huge Tailwinds:

  1. State-level initiatives: The clean sweep across New Jersey (adult-use), Arizona (adult-use), Montana (adult-use), South Dakota (adult-use and medical) and Mississippi (medical) was as lopsided as it was decisive. More than 16 million new customers will be added to the total addressable market (TAM) and soon, one-in-three Americans, or 109 million people, will live in a state where adult-use cannabis is legal

  2. The U.S. Senate: Saving the best for last, the granddaddy of all cannabis catalysts arrived when two Democratic senators swept the Georgia runoffs and completed an improbable blue wave. While other industries may benefit from this seismic shift, none have the regulatory arbitrages layered atop “growth @ value” multiples, which we expect to re-rate as professionals facilitate more efficient markets.

$SHOP + $FB = 💎👐🏼’s

I don’t even know what that means. BUT! Two of the Podcasts favorite companies are teaming up.

Shopify is expanding Shop Pay, its checkout and payment processing system, to Facebook and Instagram. It’s the first time Shop Pay will be available outside the Shopify platform.

It will launch on Facebook in the coming weeks. Adding this to social media platforms should allow faster, more efficient, and secure payments. 70% faster, in fact.

Shop’s manager, Carl Rivera, said:

People are embracing social platforms not only for connection, but for commerce. Making Shop Pay available outside of Shopify for the first time means even more shoppers can use the fastest and best checkout on the Internet. And there’s more to come: we’ll continue to work with Facebook to bring a number of Shopify services and products to these platforms to make social selling so much better.

Read the press release here.

Shares of $SHOP soared 6.5% and closed at a new all-time high yesterday!

🌊Best Links of The Week

All information provided is for educational purposes only and does not constitute investment, legal or tax advice, or an offer to buy or sell any security. For our full disclosures and disclaimer, visit our website: https://gold-im.com/disclaimer/