The major market indexes had a massive run higher last week, even as uncertainty swirled around who would be the next U.S. president. The post-election upside looks set to continue after Joe Biden was declared the winner over the weekend, with futures strongly higher as of this writing. According to the Dark Pool Profits watchlist, one stock that needs immediate attention is:
Aurora Cannabis Inc (NYSE: ACB)
Aurora Cannabis is a pot stock and spiked higher last week on a large volume after several U.S. states passed marijuana legislation. Aurora Cannabis has earnings tomorrow morning, and they’re not likely to be good. I’ll be watching to see how this one reacts to earnings, as well as this weekend’s news of Biden’s win, to see if we get a pullback or a continuation. If it can get back above last week’s high at $12.18, I like the Nov 20 $12 calls.