Stock Movers Marijuana Stocks Fall, Micron Jumps, Lululemon Surges
Dec 18, 2025
Micron's impressive gains kick off as it raises its forecast amid soaring demand for memory chips. Nike grapples with disappointing sales in China and a staggering drop in Converse, overshadowing its revenue growth. FedEx signals better days ahead with an improved profit outlook, thanks to effective cost-cutting measures. Meanwhile, cannabis stocks face a rollercoaster ride, reflecting the volatile nature of the market. Tune in for insights into how these factors shape trader sentiment and market dynamics.
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Pot Stocks Reversed On Realized Expectations
- Cannabis stocks plunged after an initial rally when legislation matched, not exceeded, expectations.
- Tim Stenovec says investors got "a little high on their own supply" and reversed course hard.
Canopy’s Wild Two-Day Swing
- Canopy rose dramatically Friday then swung wildly the next session, illustrating the group's volatility.
- Carol Massar notes the stock was up 24% intraday before ending down about 12%.
Nike’s Results Mask Regional And Brand Weaknesses
- Nike reported mixed results that looked good on the surface but exposed deeper problems.
- Tim Stenovec highlights softness in China and weak performance at Converse despite revenue beating estimates.