Stock Movers Marijuana Stocks Fall, Micron Jumps, Lululemon Surges
Dec 18, 2025
Isabel Lee, a Bloomberg News cross-asset reporter, dives into the dynamic world of stocks this week. She discusses how Trump's executive order has caused marijuana stocks like Tilray and Canopy to dip even after a major reclassification. Lee highlights Micron Technology's significant stock jump fueled by strong forecasts and rising AI demand. The conversation also touches on Lululemon's surge following activist investor Elliott Management's billion-dollar stake and potential CEO candidate Jane Nielsen. It's a thrilling ride through the market's latest twists!
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Federal Rescheduling Moves Market Expectations
- President Trump's executive order directs the Justice Department to begin reclassifying cannabis from Schedule I to Schedule III.
- Isabel Lee notes stocks like Tilray and Canopy fell, suggesting the market may have already priced in the change.
Hosts Recall Rapid Pot Stock Swings
- Carol Massar and Isabel Lee banter about pot stocks' volatile runs this week.
- Carol notes Tilray jumped earlier that day before slipping back into negative territory.
Micron Benefits From AI-Driven Memory Demand
- Micron reported an outlook 80% above estimates, sending its shares sharply higher.
- Isabel Lee attributes the strength to intense AI-driven demand and constrained supply letting Micron charge more.