Today we are watching…
1. Cronos Group (#cron)
Slowly but surely, marijuana is finding more legitimacy across America. However, that’s not to say folks aren’t still going head to head on the issue. A House Judiciary committee vigorously debated it yesterday, and if the reports are to be believed, weed reform might be on the way. Cronos Group surged as both a medical and recreational market of American smokers edged nearer. Even as some investors worry how much harder it will be to differentiate a product wrapped in warning labels, that hasn’t stopped them cheering the latest rumors out of Washington.
2. Infosys (#infy)
No matter what sector you’re in, if you’re a big player and you need custom software built for your business, enter Infosys! The Indian IT giant is reliant on tech consulting projects for its profits, tipped by analysts today to hit 13 cents per share on $3 billion of revenues. Some investors don’t share that optimism, however. India’s growing economy is maturing, with pundits calling on management to stop the firm’s competitive position slipping. Earnings are here, so let’s roll the dice!