On Thursday the markets took more notice of the pandemic and the S&P 500 was down 1.0% and Toronto was down 1.1%.
Alcanna was down 4.3%. I like its chances of doing well as lockdowns lead to more home consumption of alcohol as restaurants and bars are getting more restricted in Alberta. It is going to release earnings after the close tomorrow, Friday. That’s unusual timing but is actually best practice as it will give analysts and investors the chance to digest the results over the weekend. This is how Warren Buffett at Berkshire always does it. Their Q3 sales and profits should be up but there could always be some unusual thing pushing profits down. They should report progress on their Cannabis retail operations as well.
Most of the stocks on our list were down modestly today.