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Military, Musk and Marijuana Stocks ... and Music!

By:James Melton

A weekly look inside Luckbox

The use of military and commercial drones takes off. The global aerospace and defense sector has been one of the biggest beneficiaries of the war in Ukraine. Global military spending hit a new record last year, rising to about $2.2 trillion, according to the Stockholm International Peace Research Institute.

During the war, unmanned aerial vehicles (UAVs)—commonly called “drones”—emerged as one of the new favorite tools of the global military establishment. But war is hardly the only application for drones. Some common uses are aerial photography/videography, data collection, security, search/rescue, environmental monitoring package delivery and agricultural applications. As a result, stocks of global drone makers—like China's Ehang (EH) and U.S.-based companies Joby Aviation (JOBY) and Kratos (KTOS)—surged in 2023. Read the full story.

The life of Elon Musk (so far)

Tim Knight, a charting analyst and Luckbox’s resident technician, reviews Walter Isaacson's new biography of the world's richest man. The book, Knight says, is a great read that tells—among other things—how Musk managed to cheat death and financial ruin numerous times, endured an abusive father and go on to run several successful companies like EV maker Tesla, spacecraft company and defense contractor SpaceX, The Boring Company, which digs tunnels and the social media website X (formerly Twitter). Read why Knight gives the book 4.5 out of 5 stars. Read the full story.

Best pot stocks

Weed has become the sixth-most-valuable cash crop in the U.S., behind corn (the leader by a longshot) soybeans, hay, wheat and cotton. Price volatility has been problematic for the industry. However, the global cannabis sector is expected to grow rapidly in the coming years, causing some pot-related stocks to soar in 2023, despite the headwinds. Pot stocks that have done well include Ayr Wellness. Verano Holdings. Green Thumb Industries and the AdvisorShares Pure US Cannabis ETF. Read the full story.

Rock reviews from Riot Fest

Luckbox’s rock music critic spent time at Chicago’s Riot Fest, known as a as a showcase for iconic rock names such as Queens of the Stone Age and The Cure, along with up-and-coming acts in punk, alternative, emo, metal, rock and punk rap. The best moments included chatting with Yard Act and seeing an emotional Foo Fighters set. Read the full story.

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James Melton is managing editor of Luckbox magazine.

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