With the global conoravirus fear, it might feel unnerving to buy stocks right now. But thanks to a steep sell-off in the overall market, there are good buying opportunities for traders and investors willing to buy extremely oversold stocks.
Last month, CNBC’s Jim Cramer said the coronavirus-slammed stock market is due for bounce because there has been so much selling in recent weeks. The stock market is “the most oversold we’ve ever been,” he added.
Many see recent stock market drops as a signal to buy, not sell. Global stock markets have started this week with a bounce, as hopes that the coronavirus pandemic may be peaking drove investors back into risk assets following a historic downturn.
Some investors love to go dumpster diving for cheap penny stocks. And they have a reason: The lure of a quick bounce back and high percentage gain potential.
Some of the cannabis stocks that may grab investor focus this week are: Sun Kissed Industries Inc. (OTC: SKDI), Cann American Corp. (OTC: CNNA) and American Green, Inc. (OTC: ERBB).
Sun Kissed Industries Inc. (OTC: SKDI) is an emerging leader in the CBD-based products marketplace. The Company is pursuing meaningful acquisitions as part of an aggressive M&A strategy designed to position Sun Kissed as a dominant player in a well-defined, high-growth niche within the rapidly expanding CBD sector.
Cann American Corp. (OTC:CNNA) recently announced an equity investment in Fly Beverage Corp. Fly Beverage, based in Northern California, specializes in cannabis infused beverages for the California dispensary market. The company’s brands consist of Nectr and Matt’s High Soda. Nectr, offers four flavors of sparkling water with 10mg THC per bottle. The Nectr line of drinks are already on shelves in thirty dispensaries throughout California.
American Green, Inc. (OTC: ERBB) became, in 2009, America’s second publicly-traded company in the cannabis industry. American Green now, with its more than 50,000 individual certified shareholders, is one of the largest (in shareholder count) in the cannabis sector, American Green’s mission is to lead the cannabis and premium CBD industry. Leveraging our team of professionals in cultivation management, manufacturing, extraction, wholesale, retail, and community outreach, we strive to develop sustainable initiatives in the cannabis-adjacent and CBD industries, laser-focused on adding company and shareholder value.
The company announced yesterday that one of its best AGM Smart Vending Machine Kiosk customers, Earthly Mist, has successfully integrated ERBB’s proprietary vending technology (called AGM) so that their retail customers and staff never need to interact together in order to complete a transaction at their stores. As a result, this contact-free transaction keeps all parties safer in our Covid-19 environment. Earthly Mist, like most companies in the retail sector, found itself in a situation when Covid 19 hit, of having to close its stores unless it found a way to continue to serve its clients without risking the health of its employees and customers. Store management came up with a solution to deploy their American Green AGM kiosks to carry out a complete transaction without any human interaction whatsoever.