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HEXO Stock
In contrast to the political developments in the marijuana news today, we have many marijuana stocks taking hits in early-morning trading.
One of the few outliers is HEXO Corp (NYSEAMERICAN:HEXO). HEXO stock remained even in early-morning trading today, while over the past five days it has tumbled by eight percent.
Overall, the week was poor for many marijuana stocks, including HEXO. But there is reason to be excited about HEXO Corp in the short-term; the company’s next quarterly report is set to drop on March 14.
Considering how positive so many quarterly reports have been in recent months, I can’t imagine HEXO’s will disappoint. Which means that traders looking for a quick turnaround or for those looking to reinvest in the market long-term, now would be a good time to consider HEXO stock with the quarterly report on the way.
Of course, it’s no guarantee that the financial report will be positive. That said, all earnings reports in the recent past have bolstered their respective stocks, and I don’t envision HEXO Corp coming up short in that regard.
As such, I’d be mindful of HEXO in the coming week.