Cannabis Stocks Jump on Trump Marijuana Review; Lithium Stocks Rally as CATL Shuts Major Mine
US President Trump is considering reclassifying marijuana as a less dangerous drug, according to people familiar with the matter, after pot companies have poured millions of dollars into Trump’s political groups, the Wall Street Journal reported.
Cannabis stocks surged in morning trading on Monday. Tilray rose 21%; Canopy Growth rose 19%; Cronos and SNDL rose 12%; Aurora Cannabis rose 11%; Organigram rose 6%.
Lithium prices and stocks spiked on Monday after battery giant Contemporary Amperex Technology Co. Ltd. halted operations at a major mine in China, spurring speculation that Beijing might move to suspend other projects as it tackles overcapacity across the economy.
U.S.-listed lithium stocks surged in morning trading on Monday. Lithium Americas rose 13%; Piedmont Lithium and Albemarle rose 9%; Ioneer rose 8%; American Battery rose 6%.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Most Discussed
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- 10