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Podcast: 31% Rise in Pot Stock Tilray and Two Other Numbers You Need to Know


image Tibor Kárpáti

Numbers By Barron's is a two-minute financial podcast with three vital numbers to start your morning. Available on iTunes, Stitcher, and wherever you get your podcasts-as well as on your Amazon Alexa smart speaker

Three numbers to start your day:

Investors celebrated an unsurprising result in the U.S. midterm elections, and the overhang of election uncertainty no longer weighs on stocks

After rising 6 of the past 7 trading days, the index is closing in on its early-October all-time high.

That's a quick reversal from last month's painful selloff that had some strategists proclaiming the start of a long-awaited bear market.

Tilray

That's after voters supported referenda in three U.S. states to approve sales of recreational or medicinal marijuana.

A Democratic-controlled House makes it more likely we'll see legislation helpful to marijuana companies. Additionally, Jeff Sessions' resignation as U.S. Attorney General gets a big opponent out of Washington.

That's all speculation at this point. Tilray doesn't do any business in the U.S., and won't as long as marijuana remains illegal under federal law.

Advanced Micro Devices

The company unveiled a new 7-nanometer chip called "Rome" at an event Tuesday. AMD is aiming to take on market-leader Intel, which is still stuck on an older manufacturing technology.

AMD shares have more than doubled this year. Investors hope the company will make progress toward reclaiming the 25% server chip market share it held in 2006. And Rome is a key stop on that journey.

Numbers by Barron's is a new daily podcast. Find out more here.

This episode was hosted by Nick Jasinski. Write to Nick Jasinski at nicholas.jasinski@barrons.com.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.



This article appears in: Investing , US Markets



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