Last week’s pick, ContextLogic (NASDAQ: WISH), went from $12.02 on Monday, to a high of $14.69 on Friday (up 22.21%). Check out our latest pick.
Last week’s top five performers table among our Top Picks, includes two technology companies, two gold juniors, and one EV metals juniors.
Five of the seven global equity indices we track moved up last week, recouping most all the losses incurred in the prior week due to the U.S. Fed’s signal to move up its timeline for rate hikes.
We are maintaining our price forecasts. While we remain positive on gold and silver, while a correction in copper and zinc prices are likely as China is releasing inventories from its reserves to tame the rally in base metals prices. A key catalyst for this week will be the U.S.’ June jobs report.
Last week, cannabis stocks across the U.S. and Canada gained strength. U.S. cannabis stocks outperformed their Canadian counterparts on the back of more favourable news.
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