Weekly Movers: A Cannabis Stock Pop and AI Stock Drop

Check out how they rate in our system… Published By Money & Markets, LLC. March 23, 2024 Published By Money & Markets, LLC. March 23, 2024 [Turn Your Images On] Weekly Movers: A Cannabis Stock Pop and AI Stock Drop Editor's Note: Every week, you watch stocks from industries across the board pop (or drop), but you may wonder if it's time to buy in. That's what today's Money & Markets Daily is all about. We'll show you some of the week's biggest movers and then run them through Adam O'Dell's proprietary Green Zone Power Ratings to see how they stack up. - Reddit Inc. (NYSE: RDDT): The popular social media platform debuted on the New York Stock Exchange through an initial public offering (IPO). Investors hungry for growth are wondering if this is the start of a new IPO boom. While the stock popped as much as 70% out of the gate, time will tell if those gains are sustainable. As it stands, RDDT is simply too new of a stock to rate on our system yet. - Super Micro Computer Inc. (Nasdaq: SMCI): After shares of this data center stock that's gained north of 240% year to date, the ["Bullish"]( stock sank 12% this week after news of a planned stock sale at a discount. - Five Below Inc. (Nasdaq: FIVE): This discount retailer reported an earning miss on Wednesday, sending shares 15% lower by Thursday's close. The stock had been trending higher over the last four weeks, but it still rates ["Bearish."]( - Canopy Growth Corp. (Nasdaq: CGC): U.S. Vice President Kamala Harris triggered a cannabis stock boom on Monday when she called for quicker action on rescheduling marijuana at the federal level. Shares gained almost 40% throughout the week, but this is still a ["High-Risk"]( stock in Green Zone Power Ratings. - Soundhound AI Inc. (Nasdaq: SOUN): AI is an exciting mega trend to invest in, but there are still red flags to watch out for. Shares of this company that generates AI voices tanked almost 15% this week after its CFO, Nitesh Sharan, sold another 23,212 shares, according to an SEC filing. This stock has been flagged as ["High-Risk"]( in Green Zone Power Ratings for a while now, though. Have a great weekend! — The Money & Markets team --------------------------------------------------------------- Top Research From the Last Week [Turn Your Images On]( [How to Spot the Trade of a Lifetime]( [Turn Your Images On]( [Biotech Is Back: Watch This $100 Billion Trend]( [Turn Your Images On]( [Chart of the Day: Interest Rates, Inflation and More]( [Turn Your Images On]( [As EV Makers Face the Music, Toyota Stock Cruises On…]( --------------------------------------------------------------- [Turn Your Images On]( Privacy Policy The Money & Markets, P.O. Box 8378, Delray Beach, FL 33482. 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It may contain errors and you should not base investment decisions solely on what you read here. It's your money and your responsibility. Nothing herein should be considered personalized investment advice. Although our employees may answer general customer service questions, they are not licensed to address your particular investment situation. Our track record is based on hypothetical results and may not reflect the same results as actual trades. Likewise, past performance is no guarantee of future returns. Certain investments carry large potential rewards but also large potential risk. Don't trade in these markets with money you can't afford to lose. Money & Markets permits editors of a publication to recommend a security to subscribers that they own themselves. However, in no circumstance may an editor sell a security before our subscribers have a fair opportunity to exit. Any exit after a buy recommendation is made and prior to issuing a sell notification is forbidden. 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