Michael Palumbo | Market Oracle

I hope you guys hopped on $RKLB at $9 when I advocated buying on @WBBMNewsradio in October. Just blew through $30 today

I know the #cannabis stocks have been stuck in the mud lately but they should wake up as we get to earnings this week: $GTBIF Wed and $TCNNF on Thur.

WBBM News Radio Big Tech Earnings #BigTechEarnings #Google #Meta #AI #Apple #Amazon @WBBMNewsradio @vpalumbo321

I want to award the worst market makers on the planet award to the $XRT traders. I had a sell order with an 85.78 low and watched it go as high as 85.81 bid over the next five minutes and I sold none. Or maybe they are the best market makers...shady as hell man

@BalanJason It's going to be tough on those guys bc of their balance sheet. Know the founders, very good people.

@MikePal10 No hometown $crlbf ?

We have added to our $TCNNF position and it is now in our Top 5 positions for the first time. Will show our new Top 10 in a bit.

@KPBurnerAcct I will stick with $GTBIF and $TCNNF

Here are our shorts against our cannabis longs. We are leaning pretty long with large bets in $GTBIF and $TCNNF but we have shorted these names: $MSOS $GLASF $MJ $TLRY $CRON $CGC. You really only need our two longs. Stay away from those we have shorted unless you can't buy pinks

@westsideronin The names I have shorted! But the two longs are going to crush it. Just want to have some bets against the sector even though I am super bullish cannabis the rest of the year.

@MikePal10 What’s left to short?

Watch to see if $TCNNF can clear $10. If so it will have a whole new group of investors interested in the stock because it's not a single digit name. Does that make rational sense? No. But it is reality, folks!

I am on @WBBMNewsradio to lead off the show at 12:09 CT. We will be talking about the big tech earnings and why the very different market responses to their results. Tune in AM780 FM105.9 and Audacy.com!!

And you rocket heads out there, this story is for you: finance.yahoo.com/sectors/energy… $RKLB

Top 10: $RKLB $GTBIF $TCNNF $META $GOOGL $JPM $COPX $ARGT $TGT $IBKR

Another cannabis stock we love is $TCNNF. Trulieve is the biggest initial beneficiary of Trump's rescheduling of cannabis because it only affects the medical side of the industry. Like it almost as much as $GTBIF

I'm glad the pot smokers who follow this stock have no idea how to value it. Wait until institutions start to own it, they will value it much "higher." $GTBIF

I have not felt this good about a stock since I advocated for $RKLB at $9. That's the only trade I have liked more over the last 5 years. $GTBIF

$GTBIF reports earnings May 6. You need to own the stock before that earnings report bc management will likely start to revise their forecasts for their numbers after 280E goes away.

$GTBIF is the only cannabis stock to actually have a meaningful P/E during 280E taxation rules, which is amazing. Imagine what that P/E will be once they can deduct op expenses. This stock is a screaming buy. $MSOS

$GTBIF is going to be the Constellation Brands $STZ of cannabis. $STZ is worth over $25 B. Green Thumb is currently worth $1.8 B. You do the math.