Election Year Buzz Might Fuel This Stock 🔥

October 29, 2024
by RJ Hamster

October 29, 2024 | Read Online

Election Year Buzz Might Fuel This Stock 🔥

Strong momentum into election…

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Good morning!

Today GOOGL is kicking off the flurry of “Magnificent Seven” earnings to drop this week, in what is certain to be a volatile trading session.

The Mag 7 now make up about a third of the S&P 500, so the five that are reporting this week could either sink the market or ratchet it to new highs — or neither, who knows 🤷🏻?

My guess is that after we digest the big earnings reports and things will settle, the market will drift higher into the election on Tuesday next week. That seems to be the path of least resistance right now.

Before the bell yesterday morning, I brought a small cannabis company called Flora Growth Corp. (FLGC) to your attention as my tactical stock of the day 🔥.

I felt it had a good chance of a “dramatic, imminent surge” on the heels of an already impressive rally.

I hope you were paying attention to it, because it went on to produce some impressive gains during the day…

The stock stayed green all day, and frankly, I think this rally still has room to run…

FLGC continues to have a lot of momentum, so make sure you keep watching it today

That’s because I think investors are reacting to big news the company dropped over three press releases announcing the company’s expansion into the beverage market.

Last Monday, it revealed the completion of a specialized facility capable of producing more than 100 formulations of THC-infused beverages.

The facility uses “world-class emulsion technology” from a company called Peak that “produces close to 40% of all cannabis beverages available in Canada.”

THC-infused beverages now account for 2.1% of the Canadian adult-use cannabis market, or CAD$134.4 million.

Frankly, I had never heard of THC-infused drinks, but FLGC notesthat “Grand View Research [estimates] the U.S. hemp beverage market was valued at approximately $220 million in 2023 and is projected to surpass $1 billion by 2028, representing a compound annual growth rate (CAGR) of over 30%.”

On Wednesday, FLGC formally launched its first THC-infused seltzer beverage, Melo:

The company said that its “established relationships with key U.S. distributors will play a crucial role in ensuring Melo’s presence in major retail outlets and specialty stores nationwide.”

It also plans to place Melo in liquor stores, “tapping into an existing consumer base that is increasingly open to exploring non-alcoholic alternatives.”

Then, just yesterday, FLGC officially launched a line of THC-infused cola:

CEO Clifford Starke said the drink “not only meets the high expectations of cola enthusiasts but also introduces hemp in a familiar and enjoyable format.”

I love the branding of both Melo and Cloud Cola, and I can easily imagine the brands taking off, especially since they’ll be available at the same purchase points as alcoholic drinks.

And judging by the FLGC’s price action over the past week, it appears I’m not alone.

Pay close attention to FLGC today as investors digest the news. Like I said, I think this rally may still have a good way to run.

To Your Success,

Jeff Bishop

Don’t miss out on our new MOBILE ALERTS! We have seen some of these alerts rocket 🚀past the MOON 🌝. To be first in line for the next one, simply text the word “ALERTS” to 1-(888) 404-5747 📲.

*Issuer Paid Content. Just so you know, what you’re reading is curated content for which we have received a monetary fee (detailed below) to create and distribute. Let’s be clear that investing can be quite the roller coaster as stock prices can have wild swings up and down, so consider those crucial risks before you ever consider trading anything we discuss. Make sure you check out our full disclosure down below for the details on how we were paid, the risks, and why these results aren’t what you’d call “typical.”

Just a quick heads up about this ad you’re reading—as we’ve said, even though we like the company referenced above, and all the facts we discussed above are true to the best of our knowledge, we are running a business here. To distribute this information and help offset the costs of maintaining our large digital audience, in advance of writing the content above, we were paid thirty thousand dollars directly from Flora Growth Corp for a five day marketing program on October 28, 2024. Previously, we received twelve thousand five hundred dollars (cash) from Sideways Frequency for advertising Flora Growth Corp for a one day marketing program on October 7, 2024. Also, keep in mind that due to the sheer size of our audience, if even a small percentage of people decide they want to buy this stock, it could potentially boost interest enough to hike up those share prices and cause a temporary spike, and the opposite is possible as our program ends, though that is not always the case.

Now, diving right into Flora Growth Corp might sound exciting. But remember, it’s like venturing into the wilderness—be aware that there’s exceptional risk involved in trading. This isn’t small potatoes we’re talking about; you could lose every dime you put in, so always carefully think about what you’re doing. That’s why they call this trading, after all. We’re shining a light on the good stuff about the company here, but it’s on you to do your homework, make your own calls, and determine a plan for your own trading, hopefully with the help of your professional 1nvestment advis0r.

Oh, that brings us to another crucial point—we’re not here to tell you (or even recommend) what you should do with your hard-earned money. We’re simply sharing our non-expert thoughts by highlighting some companies we like that could use some help telling their story to more people. We’re obviously biased in our writing. We’re not here to dig into anything that may be negative about the company; this is advertising, after all! Also, keep in mind that if we make some predictions about the future, these are technically known as “forward-L00king statements” under the securities acts, so take those with a grain of salt. As with all forecasts, they’re not set in stone, often wrong, and we certainly can’t know where the Company’s earnings, business, or share price will be tomorrow or a year from now.

Everything you read from us is all for your education, information, and possible entertainment. While we believe the info is reliable and accurate, we can’t wear a cape and guarantee it. Before you jump into anything, make sure to talk it over with a pro—someone you trust who’s licensed to give you real advice. To be clear,

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So, that’s the scoop! If you’re intrigued and want to learn more about the companies we talk about, hit up the SEC’s website to dig into their filings and see the full picture.

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RJ Hamster

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