Bullish did a deep dive into the current state of weed-focused ETFs. Which ones are blazin’ hot and worth watching? And which investment funds are the equivalent to mids and shake?
Happy 4/20! For #WeedWeek at Bullish, we’re diving into the business of bud and the commercialization of cannabis. In honor of the holidaze, we’re bringing you a special edition of Rippers — Bong Rippers — and breaking down what stocks are ripping in and around the world of weed.
There are hundreds of IPOs every year, but only a small amount of them capture the public’s attention. 2021 has already seen the big players go public such as Bumble, Coupang, and ROBLOX. However, 2021 might be upgrading with one of the biggest IPOs in modern history: the direct listing of cryptocurrency company Coinbase.
Millions of avid sports fans have spent the last year at home, rather than in the crowds of stadiums and arenas. But there might be a silver lining -- 20 states have legalized sports betting and iGaming. In addition, six more states have passed bills to legal sports betting, which are set to be legalized in the months ahead. In contrast, most other states that have yet passed a bill have introduced one.
If there’s anything I’ve learned in the last year, it’s that people just say words. Sometimes they just say words even though they’re not true. Sometimes they say them because they like the sound of their own voice. But generally, people say words because they want to believe something (even if it is factually incorrect).
The chips in our computers, graphics cards, cars, microwaves, refrigerators and phones are in short supply these days. A global semiconductor shortage is making it hard for everybody to get their hands on this necessary technology. Most of this shortage was self-inflicted. Take car companies for example; they didn’t expect millions of deliveries when the pandemic began to ravage the economy, but that’s what they ended up getting.
What do traders do when the stock market is closed? Apparently, they put their money in cryptos. It’s a generally accepted trend that when the stock market is closed, avid traders pivot to the crypto world on sites like Twitter and StockTwits. During this prolonged holiday weekend on the stock market, cryptos performed no different:
This shortened market week has been a busy time for IPOs, with shares of Coursera, Frontier Airlines, and Compass going public. Some are trading up, some are trading sideways, and others are falling:
📺Last week, home entertainment company Vizio went public on markets. Its debut came on a down day for markets, sending the stock tumbling over 10%. Vizio posted four days of gains since then, rising 30% in total since IPO. Today, $VZIO rose 14% in trading.