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Yahoo BusinessOct 30, 2020
3 "Strong Buy" Cannabis Stocks That Could Soar if Biden Wins Election
The cannabis sector is a fascinating topic. It's new, its legal status is shifting as society pushes the state legislatures, and that combination is creating opportunities for companies and investors alike. Which brings us to the disparate policy potentials of the major heading into the November election.To start with, the Republican platform simply does not prioritize cannabis legalization. The substance in illegal now, and Rs are not likely to change that any time soon. But - the Trump Administration has not been taking explicit anti-cannabis actions, and has allowed states which have legalized the drug, whether for medial or recreational use, to enact their own various policies. But it's clear that Federal-level legalization is not a priority for a Republican Congress or Administration.The Democrats take a different tack. Their party platform does call for three specific changes to the Federal government stance on cannabis: first, full legalization for medical use; second, remove of the drug from the list of Schedule 1 illegal narcotics; and finally, explicit support for individual states to set their own cannabis policy with Justice Department interference.As a result of these policy differences, a Democratic election victory should be viewed as bullish for the cannabis industry. "The formalized documentation of support for federal cannabis decriminalization via the Biden-Sanders Unity Task Force, a more recently pro-cannabis running mate in Sen. Kamala Harris, and the removal of the overall a

Yahoo BusinessOct 30, 2020
3 Biotech Stocks in the Hunt for COVID-19 Vaccine; One Analyst Calls Them a ‘Buy'
Nearly a year into a global pandemic the world is still on the back of its heels. In the face of ever increasing infection rates, world economies have slowed rapidly and unemployment has increased significantly, and now governments are reconsidering shutting down entire countries once again. At the same time, the federal government has failed to pass a second stimulus package to prop up individuals who have lost their jobs and may be facing homelessness, as well as the need to help state and local governments provide a backstop against their own losses.Given this backdrop, there is a lot riding on a potential vaccine and/or cure for COVID-19. There are many approaches that a lengthy list of varying companies are taking to bring their respective product to market.Any company that does successfully bring a product to market that helps in the fight against the virus may see a significant increase in revenues as well as an in-kind increase in profits. B. Riley Securities has highlighted three biotech companies that are approaching the virus from different directions. We ran the trio through TipRanks' database to see how B. Riley's recent analysis compared to other analysts' projections.Altimmune Inc. (ALT)Altimmune is a biopharmaceutical company that develops vaccines and immune modulating therapies. Fighting the virus is likely to need both approaches, a vaccine as well as an immune therapy. With this kind of focus, Altimmune's fortunes changed quickly with the onset of the COV
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