MSOS (cannabis) and SMH (semiconductors) round out best performing ETFs of 2024
Posted: May 16, 2024
- MSOS ETF and top cannabis stocks are steadily rising and expected to continue growing - Recent earnings reports from top 10 cannabis stocks exceeded expectations, showing strong fundamental improvement - All top equities in the basket are free cash flow positive - Lack of capital and banking has forced companies to be profitable, de-risking the sector - $1.2 billion in short interest could create a tailwind as shorts cover - MJUS ETF has seen inflows and provided buying pressure - Ohio legalization with adult use sales starting soon benefits companies like Trulieve, Curaleaf, Greenthumb, Verano, Cresco Labs - Article lists the top 10 best-performing ETFs of 2024 - All funds have seen gains of over 20% year to date - These funds are unique but well-established in the market - Investors should consider these ETFs for potential investment opportunities
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