Dave Chappelle on the Opioid Crisis


...would love to hear your thoughts on this one.

Tuesday, August 27th | Issue No. 93

MARKET MOVES...

S&P 500: 2,878.38 +31.27 (+1.10%)

Dow Jones: 25,898.83 +269.93 (+1.05%)

Nasdaq: 7,853.74 +101.97 (+1.32%)

PRE-MARKET PLAY...

Trae the Truth - "Nipsey"

WHEN PIMPIN' BEEN SINCE PIMPIN...

It's all playa until a nare nutta realizes that it's bigger than baby powder.

Yesterday, a judge in Oklahoma laid the smack down on Johnson & Johnson (NYSE: JNJ) saying it was way more than an assistant pimp in America's opioid epidemic.

WHY THIS IS HAPPENING...

This judge called the opioid crisis an "imminent danger and menace" since it's killed over 22,000 people a year since 1999 and that J&J has been pimpin' the general public through foul sales and marketing tactics promoting the use of opioids. The result? Addiction, overdoses, and to be blunt, "crack babies." However, some are saying the drug lord is getting off easy with only a $572MM fine since it was deliberately targeting doctors who prescribe opioids at higher rates. Some folks were expecting the fine to be How High? Try $5B. J&J had to test its gangsta and plans to appeal the ruling despite Purdue Pharma and Teva Pharmaceuticals (NYSE: TEVA) settling with the state before their trials ended.

THE RETURN...

J&J is literally up 5 cents all of the year.

KEEPIN' IT REAL...

Have you hear what Dave Chappelle said? If not, scroll up.

WHEN YOU THOUGHT YOU HAD OG KUSH...

But it turns out all you have is reggie and some shake.

Constellation Brands (NYSE: STZ) bought Canadian weed powerhouse Canopy Growth late last year but the profits keep going up in smoke.

WHY THIS IS HAPPENING...

Constellation Brands specializes in beer, wine, and liquor (i.e. Corona, Modelo, Svedka) and decided last year that it would use its liquid courage courage to buy a cannabis business. Now, if you aren't familiar with the cannabis industry, especially plant-touching businesses, just know that it's expensive af to stay afloat due to compliance, operating costs, and taxes. Needless to say, Constellation reporting a loss last quarter of almost $55MM isn't really that surprising but what's even crazier is that Canopy itself doesn't expect to turn a profit for 3-5 years.

THE RETURN...

Constellation's stock is up 23% so far this year.

KEEPIN' IT REAL...

Want to know more about Mergers and Acquisitions? Check out Issue 89.

OOOH I'M A KILL'EM IN THE MORNING...

With this fresh financial fabric. Have you grabbed your Invest tee yet?

Visit our shop and enter code 'PAPER10' to get 10% off your order.

MORE PAPERTRAILS...

DID YOU KNOW...

The $1 bill is the only bill that hasn't been changed in the past 50 years. (via GOBankingRates)

WHO'S GOT NEXT...

Companies reporting earnings today about how much paper they're stackin' (or losing) and new things to come:

  • J M Smucker (NYSE: SJM)

SHOW SOME LOVE...

Have a great financial tip to share or a question that Sway can't answer? Reply to this email with your tip or question, and it could be featured in a future issue.

Dr. Eric Patrick

Writer | Beer or Bud?

Learn How to Invest in 5 Days

Disclosure: This editorial is by no means a solicitation to buy or sell any of the above-mentioned securities. It is merely a means for educational purposes. All investors are subject to their own research and due diligence. This post may contain affiliate links and we may receive commissions for purchases made through links in this post.

#investing #papertrail #johnsonjohnson #constellationbrands

  • Black Facebook Icon
  • Black Instagram Icon
  • Black Twitter Icon
  • Black YouTube Icon

© 2014-2019 Black Market Exchange, LLC

PAPERTRAIL, your daily dose of Wall Street flavor.

Website created by DocDesigns.