Jim Cramer Says Cannabis Is Getting Hot Again

Credit: The Street
Published on August 13, 2019 - Duration: 01:20s

Jim Cramer Says Cannabis Is Getting Hot Again

Stock of the Day Tilray is set to report earnings after the bell Tuesday.

Bruce Kamich, Real Money contributor, took a look at Tilray's chart ahead of earnings.

Here's Kamich's takeaway, "With TLRY going down eight months and many cannabis bulls in retreat or wounded, I would guess (yes, guess) that an upside move is not expected." But Cramer has his eye on the cannabis industry as a whole.

"I don't like Tilray because I don't like the ownership structure.

But cannabis is getting hot again and you might want to buy calls on Tilray?

I would rather just accept the fact that I think that Cronos is good.

And Canopy can turn around, and Aphria , which is the one that is run by Irwin Simon is very good and had a very good quarter," said Cramer.

Related.

Tilray Could Be Poised to Move Higher Premium Pick: Markets Reverse and Surge on China News Ask the Expert: The Scariest Thing All Investors Have to Face Ready to Retire: The Biggest Threat to Your Retirement?

Check Your Basement TheStreet Feature: Here's Something Investors May Be Missing About the Drone Revolution Dog Days of Summer: Why Investors May Be Seeing the End of the Dog Days of Summer C-Suite: AMD CEO Lisa Su Talks New Chips, Confirms She's Staying: 'I Have A Lot to Do' Success: Top Women Leaders Share the Keys to Business Success Subscribe to our Youtube Channel for more videos : Listen our latest Podcasts on Soundcloud Catch Up: Today's Top News Videos Below

Advertisement

You are here

Recent related videos from verified sources

Why Netflix May Be In Trouble? 01:19
Credit: The Street - Published 2 days ago 

Stock Versus Stat: Green Bay Packer Quarterback Aaron Rodgers Versus Apple 01:43
Credit: The Street - Published 3 days ago 

You might like