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  • let's talk about a few individual names pivoting to our stocks to watch this

  • week starting with a canopy growth because I think this is a really great

  • example of what we've been talking about but if you take a look at the chart I

  • mean the stock has been in a prolonged downtrend as are many of the names in

  • this group indeed and you know canopy growth was the first cannabis company

  • that we put on our focus list at William O'Neil & Company last August when we

  • launched coverage of the industry we continued to think that it's the market

  • leader that it has the best that it has the best is in the best position to be

  • the market leader in Canada and internationally they have the most

  • really capital to do this and they have the backing of Constellation Brands a

  • major beverage company however as you as you said you know these companies not

  • just canopy but really the whole industry has sentiments been pretty poor

  • recently like we've seen the last two summers there's kind of been a summer

  • lull in volumes and a decline in the prices and so we are really seeing some

  • technical weakness across the space and so part of our investment approach is to

  • look at not just the fundamentals and identify companies we like based on that

  • but really looking at the technical factors and right now you know we really

  • don't want to catch falling knives and so we're sort of on the sidelines when

  • it comes to many of these names including canopy growth which we had on

  • our focus list for nearly a year we took off in early July partially because they

  • there were some at the management level they removed their founder co-founder

  • and co-ceo so we want to see how that shakes out in terms of bringing on

  • someone new and you know the companies last quarter was actually quite

  • disappointing but we think that you know they really do have a chance to to let

  • the market know what direction they're really going to be focusing on and

  • improve those fundamentals over the next few quarters so we're watching them

  • closely

let's talk about a few individual names pivoting to our stocks to watch this

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