Cannabis Watch: Marijuana stocks rally toward longest win streak in 6 weeks [MarketWatch]
Global X NASDAQ 100 Covered Call ETF (QYLD)
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Source: MarketWatch
Marijuana stocks rally toward longest win streak in 6 weeks Shares of cannabis companies were broadly higher on Thursday, putting the sector on track for a third-straight gain, something it hasn’t been able to do in six weeks. The ETFMG Alternative Harvest exchange-traded fund MJ, +2.55% rose 2.2% in afternoon trade, with 29 of 37 components trading higher. The last time the ETF rose for three straight days was the 5-session win streak ending Sept. 20. The Horizons Marijuana Life Sciences ETF HMMJ, +1.02% hiked up 1.6%, as 34 of the 48 components traded higher. The ETF had surged 8.8% over the past two sessions. The ETFMG ETF was now up 18% over the past three months and the Horizons ETF has gained 19%, while the S&P 500 index SPX, +1.06% has slipped 2.9%. Among the most-active stocks in the sector, with Aurora Cannabis Inc. ACB, -1.03% edged up 0.4%, erasing an earlier loss of as much as 2.9%, after running up 16% over the past two sessions, and Canopy Growth Corp. CGC,
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