Military, Musk and Marijuana Stocks ... and Music!
Sep 27, 2023
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.
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.
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.
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.
Not a Luckbox subscriber? Subscribe for free at getluckbox.com.
James Melton is managing editor of Luckbox magazine.
Trade with a better broker, open a tastytrade account today. tastylive, Inc. and tastytrade, Inc. are separate but affiliated companies.
Options involve risk and are not suitable for all investors. Please read Characteristics and Risks of Standardized Options before deciding to invest in options.
tastylive content is created, produced, and provided solely by tastylive, Inc. (“tastylive”) and is for informational and educational purposes only. It is not, nor is it intended to be, trading or investment advice or a recommendation that any security, futures contract, digital asset, other product, transaction, or investment strategy is suitable for any person. Trading securities, futures products, and digital assets involve risk and may result in a loss greater than the original amount invested. tastylive, through its content, financial programming or otherwise, does not provide investment or financial advice or make investment recommendations. Investment information provided may not be appropriate for all investors and is provided without respect to individual investor financial sophistication, financial situation, investing time horizon or risk tolerance. tastylive is not in the business of transacting securities trades, nor does it direct client commodity accounts or give commodity trading advice tailored to any particular client’s situation or investment objectives. Supporting documentation for any claims (including claims made on behalf of options programs), comparisons, statistics, or other technical data, if applicable, will be supplied upon request. tastylive is not a licensed financial adviser, registered investment adviser, or a registered broker-dealer. Options, futures, and futures options are not suitable for all investors. Prior to trading securities, options, futures, or futures options, please read the applicable risk disclosures, including, but not limited to, the Characteristics and Risks of Standardized Options Disclosure and the Futures and Exchange-Traded Options Risk Disclosure found on tastytrade.com/disclosures.
tastytrade, Inc. ("tastytrade”) is a registered broker-dealer and member of FINRA, NFA, and SIPC. tastytrade was previously known as tastyworks, Inc. (“tastyworks”). tastytrade offers self-directed brokerage accounts to its customers. tastytrade does not give financial or trading advice, nor does it make investment recommendations. You alone are responsible for making your investment and trading decisions and for evaluating the merits and risks associated with the use of tastytrade’s systems, services or products. tastytrade is a wholly-owned subsidiary of tastylive, Inc.
tastytrade has entered into a Marketing Agreement with tastylive (“Marketing Agent”) whereby tastytrade pays compensation to Marketing Agent to recommend tastytrade’s brokerage services. The existence of this Marketing Agreement should not be deemed as an endorsement or recommendation of Marketing Agent by tastytrade. tastytrade and Marketing Agent are separate entities with their own products and services. tastylive is the parent company of tastytrade.
tastycrypto is provided solely by tasty Software Solutions, LLC. tasty Software Solutions, LLC is a separate but affiliate company of tastylive, Inc. Neither tastylive nor any of its affiliates are responsible for the products or services provided by tasty Software Solutions, LLC. Cryptocurrency trading is not suitable for all investors due to the number of risks involved. The value of any cryptocurrency, including digital assets pegged to fiat currency, commodities, or any other asset, may go to zero.