Podcast: A Stake in Pot Stock Tilray Now Worth $7 Billion, 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, Apple Podcast, Stitcher, and wherever you get your podcasts-as well as on your Amazon Alexa smart speaker

Three numbers to start your day:


The firm spent some $40 million for its stake, according to Tilray filings. And Privateer has no immediate plans of selling.

On Friday, Privateer announced it would be hanging onto its stake in Tilray after its IPO lockup expires tomorrow. Tilray's stock jumped on the news, but still trades well below its $300 peak.

The ratio also known as a "PE" is one way to evaluate how expensive or cheap a company's shares are. And U.S. auto stocks look cheap.

So automakers are teaming up to innovate. Think Ford and Volkswagen, General Motors and Honda, not to mention Daimler, owner of Mercedes-Benz and BMW.

Collaboration is out of necessity, says one Morgan Stanley analyst. Building out Auto 2.0 will be costly-think autonomous driving cars and electric drive trains. So scale helps.

That's the third-worst performing sector in the major benchmark index.

Good earnings could help the sector get its groove back.

Major banks are set to report this week. Citigroup is up first releasing quarterly earnings before the market opens today. JPMorgan Chase, Wells Fargo, Bank of America, among others, will follow.

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

This episode was hosted by Crystal Kim.

Write to Crystal Kim at crystal.kim@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

More from Barron's




Research Brokers before you trade

Want to trade FX?