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stars and dogs

A humorous look at the companies that caught our eye, for better or worse, this week

Tesla Inc. (Dog)

Five things we learned from Elon Musk’s soul-baring interview with The New York Times:

1. He spent his 47th birthday at a Tesla factory: “All night – no friends, nothing.”

2. He has strong views on marijuana: “Weed is not helpful for productivity.”

3. He is willing to surrender leadership: “Is there someone who can do the job better? They can have the reins right now.”

4. He needs help to catch some z’s: “It’s often a choice of no sleep or Ambien.”

5. Soul-baring has a price: Tesla shares fell 8.94 per cent on Friday.

TSLA-Q – NASDAQ

Horizons Marijuana Life Sciences ETF (Star)

I first bought Canopy Growth Corp. shares because of that cool ticker symbol – WEED. Marketing gold, man. Then, I expanded deeper into the sector because medicinal pot was going recreational, see? Whole new market beyond glaucoma, hair loss and freckles. But when I saw this week that a gigantic U.S. company, Constellation Brands, was buying a bigger stake in Canopy, well, that just blew my mind. Hey, it means that all Canadian producers are buys, right? Right?

HMMJ-T TSX

Barrick Gold Corp. (Dog)

Gold prices haven’t gone anywhere for years, which is really weighing on Barrick Gold’s share price. Here’s a helpful tip for the company: Move beyond commodity production and into value-added products. I know what you’re thinking: Gold-plated toilets have been done to death. But what about gold-plated office supplies? I’m talking gold staples, gold paper clips and gold thumb tacks. Are you with me? I mean, gold bars are nice and all. But you need something to do with them.

ABX-T TSX

Walmart Inc. (Star)

If Walmart’s partnership with comedian and talk-show host Ellen DeGeneres goes well – she is designing a lineup of jeans, shoes and shirts, some carrying her own inspirational messages – expect the retailer to partner with other sometime-designers in its quest to offer exclusive brands. I, for one, am eager to offer my own line of T-shirts, emblazoned with my adorable observations on health: “I have water in my ear”; “My rash is spreading”; and “Well, there goes my back, again.”

WMT-N NYSE

Element Fleet Management Corp. (Star)

After stumbling more than 70 per cent between March, 2017, and March, 2018, this stock has been on a bit of run lately, punctuated by this week’s double-digit rally. Pick your reason:

a) People love yachts, especially in the summertime. While Element Fleet does not manage yachts, it does manage fleets. And a fleet is many boats, right?

b) Investors simply love betting on underdogs that have nothing to do with marijuana or cryptocurrencies.

c) In its second-quarter results, released on Monday, profit more than doubled from last year, suggesting the company’s operations are now stabilizing after a period of decline.

EFN-T TSX

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Tickers mentioned in this story

Study and track financial data on any traded entity: click to open the full quote page. Data updated as of 24/05/24 4:00pm EDT.

SymbolName% changeLast
TSLA-Q
Tesla Inc
+3.17%179.24
HMMJ-T
GX Marijuana Life Sciences Index ETF
0%10.67
ABX-T
Barrick Gold Corp
+1.59%23.64
WMT-N
Walmart Inc
+0.83%65.38
EFN-T
Element Fleet Management Corp
+0.33%24.34

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