Georgia on Wall Street’s Mind
MarketFoolery
The Motley Fool
4.7 • 1.7K Ratings
🗓️ 6 January 2021
⏱️ 20 minutes
🧾️ Download transcript
Summary
The Senate elections in Georgia send ripple effects to the market, as cannabis and solar stocks pop. Walgreens sells its drug distribution to AmerisourceBergen in a cash & stock deal worth $6.5 billion. Wyndham Destinations buys Travel & Leisure magazine from Meredith Corp. and announces a new corporate name and ticker symbol. Bill Barker analyzes those stories and considers which ambassador post he would prefer under a Mann administration.
Transcript
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| 0:00.0 | It's Wednesday, January 6th. |
| 0:04.0 | Welcome to Market Foolery. |
| 0:05.0 | I'm Chris Hill joining me today, Mr. Bill Barker. |
| 0:08.0 | Thanks for being here. |
| 0:09.0 | Thanks for having me. |
| 0:10.0 | We have a couple of win-win deals that we are going to get to but we're going to start with what's driving the market today |
| 0:19.6 | Let me just start here. This is a business show longtime Long time listeners know that. This is a business show. We don't talk politics. And yet, |
| 0:28.0 | we're also not blind to the obvious. And the obvious is that the expected political outcomes from the Senate elections in Georgia |
| 0:37.1 | is sending a couple of groups of stocks north. |
| 0:42.5 | So we're going to get to those and whatever your personal politics are as always. |
| 0:47.6 | Check those at the door because we're talking business. |
| 0:51.2 | Let's start with the cannabis stocks |
| 0:53.0 | because across the board, Tylray, Aurora Cannabis, |
| 0:58.8 | even Constellation Brands, which is a liquor company but has a stake in the cannabis world as well. |
| 1:07.0 | All of these stocks up 5 to 15% on the, as I said, the expectation that both of the Democratic candidates in Georgia will |
| 1:18.6 | be declared the winners, and so the Democrats will control the Senate. |
| 1:24.0 | When you look at the cannabis stocks moving the way they are, |
| 1:28.3 | does it make sense to you? |
| 1:31.0 | Well, they've been so beaten down over the last couple of years that there is plenty of |
| 1:36.2 | room on the upside and to get, whether they ever get back to the prices they attained a couple of years ago I don't know but I think that it is |
| 1:48.6 | obviously a heavily regulated industry to the extent that it is yet an industry but the |
| 1:57.2 | regulatory environment has been improving state by state for quite a while now there's increased likelihood that the federal |
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