Top 5 Medical Stocks To Invest In Right Now

tags:LTRPA,BCPC,RMGN,ICCC,BBRG,

The legal cannabis industry is budding before our eyes. In just under three months, thanks to the passage of the Cannabis Act by our neighbor to the north, adults will be able to legally purchase recreational marijuana. In fact, when the green flag officially waves on Oct. 17, it'll allow Canada to become the first industrialized nation in the world to allow the sale of adult-use cannabis.

We've also witnessed big changes to the south, with Mexico giving the green light to medical cannabis in June 2017. Globally, more than two dozen countries have passed broad-based legislation allowing physicians to prescribe medical weed to patients.

Image source: Getty Images.

Despite being federally illegal, 30 states have passed broad-based medical weed laws

But in the United States, we have a murky mess. At the federal level, marijuana is still an entirely illicit drug that's deemed highly prone to abuse and has no recognized medical benefits. Yet, in spite of this Schedule I classification according to the Controlled Substances Act, 30 states -- the newest of which is the red-leaning Oklahoma -- and Washington, D.C., have passed sweeping medical marijuana laws since 1996.

Top 5 Medical Stocks To Invest In Right Now: Liberty TripAdvisor Holdings, Inc.(LTRPA)

Advisors' Opinion:

• [By Max Byerly]

  Liberty Tripadvisor Holdings Inc Series A (NASDAQ:LTRPA) saw a large increase in short interest during the month of May. As of May 31st, there was short interest totalling 2,070,644 shares, an increase of 47.7% from the May 15th total of 1,402,097 shares. Currently, 2.9% of the company’s stock are short sold. Based on an average daily trading volume, of 839,315 shares, the short-interest ratio is currently 2.5 days.

• [By Lisa Levin]

  Liberty TripAdvisor Holdings, Inc. (NASDAQ: LTRPA) shares shot up 31 percent to $12.10 following TripAdvisor Q1 earnings beat.

  Shares of ZAGG Inc (NASDAQ: ZAGG) got a boost, shooting up 34 percent to $15.3628 after the company posted better-than-expected Q1 earnings.

• [By Lisa Levin] Gainers Liberty TripAdvisor Holdings, Inc. (NASDAQ: LTRPA) shares jumped 31.6 percent to $12.18 following TripAdvisor Q1 earnings beat. ZAGG Inc (NASDAQ: ZAGG) rose 26.5 percent to $14.55 after the company posted better-than-expected Q1 earnings. OPKO Health, Inc. (NASDAQ: OPK) shares gained 25 percent to $4.0234 following Q1 beat. Axon Enterprise, Inc. (NASDAQ: AAXN) jumped 23.5 percent to $55.12 following a big Q1 beat. The company raised its fiscal 2018 sales growth guidance from 16-18 percent to 18-20 percent. Penn Virginia Corporation (NASDAQ: PVAC) gained 23.3 percent to $59.00 after reporting Q1 results. TripAdvisor, Inc. (NASDAQ: TRIP) rose 22.5 percent to $47.51 after the company reported stronger-than-expected results for its first quarter on Tuesday. Sears Holdings Corporation (NASDAQ: SHLD) shares surged 21.7 percent to $3.36. Amazon.com's partnership with Sears started in 2017 with an agreement to sell Kenmore-branded appliances online. On Wednesday, the companies announced an extension of their relationship to now include tire delivery and installations. EP Energy Corporation (NYSE: EPE) jumped 21.3 percent to $2.68 following Q1 results. LendingClub Corporation (NYSE: LC) surged 20.4 percent to $3.395 following better-than-expected Q1 earnings. Superior Industries International, Inc. (NYSE: SUP) gained 19 percent to $15.82 after reporting Q1 results. Bellicum Pharmaceuticals, Inc. (NASDAQ: BLCM) shares rose 18.5 percent to $8.13 following Q1 results. Twilio Inc. (NYSE: TWLO) rose 18.3 percent to $52.47 after the company posted strong quarterly results. Cerus Corporation (NASDAQ: CERS) shares jumped 18.3 percent to $6.47 following quarterly results. IEC Electronics Corp. (NYSE: IEC) shares climbed 17 percent to $4.68 after reporting better-than-expected quarterly earnings. New Relic, Inc. (NYSE: NEWR) rose 16.8 percent to $90.10 following Q4 results. Gulfport Energy Corporation (NASDAQ: GPOR)
• [By Lisa Levin]

  Liberty TripAdvisor Holdings, Inc. (NASDAQ: LTRPA) shares shot up 30 percent to $12.05 following TripAdvisor Q1 earnings beat.

  Shares of ZAGG Inc (NASDAQ: ZAGG) got a boost, shooting up 26 percent to $14.48 after the company posted better-than-expected Q1 earnings.

• [By Lisa Levin]

  Liberty TripAdvisor Holdings, Inc. (NASDAQ: LTRPA) shares shot up 32 percent to $12.175 following TripAdvisor Q1 earnings beat.

  Shares of ZAGG Inc (NASDAQ: ZAGG) got a boost, shooting up 27 percent to $14.60 after the company posted better-than-expected Q1 earnings.

Top 5 Medical Stocks To Invest In Right Now: Balchem Corporation(BCPC)

Advisors' Opinion:

• [By Logan Wallace]

  JPMorgan Chase & Co. boosted its position in shares of Balchem Co. (NASDAQ:BCPC) by 20.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 73,196 shares of the basic materials company’s stock after buying an additional 12,487 shares during the period. JPMorgan Chase & Co.’s holdings in Balchem were worth $5,985,000 at the end of the most recent quarter.

• [By Logan Wallace]

  Shares of Balchem Co. (NASDAQ:BCPC) hit a new 52-week high and low on Monday . The company traded as low as $97.20 and last traded at $96.87, with a volume of 107919 shares. The stock had previously closed at $96.52.

• [By Stephan Byrd]

  Balchem Co. (NASDAQ:BCPC) shares reached a new 52-week high and low on Wednesday . The stock traded as low as $96.61 and last traded at $96.33, with a volume of 2460 shares traded. The stock had previously closed at $95.08.

• [By Max Byerly]

  Carillon Tower Advisers Inc. boosted its stake in Balchem Co. (NASDAQ:BCPC) by 656.3% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 55,180 shares of the basic materials company’s stock after purchasing an additional 47,884 shares during the period. Carillon Tower Advisers Inc. owned about 0.17% of Balchem worth $4,510,000 at the end of the most recent reporting period.

• [By Travis Hoium]

  Nearly every business Balchem�(NASDAQ:BCPC) is in has seen strong growth in 2018, and that's driving the company's financial results higher. Fracking is seeing the biggest growth, but human and animal health continue to be great businesses for the company.�

Top 5 Medical Stocks To Invest In Right Now: RMG Networks Holding Corporation(RMGN)

Advisors' Opinion:

• [By Ethan Ryder]

  Media coverage about RMG Networks (NASDAQ:RMGN) has trended somewhat positive on Sunday, according to Accern. The research firm ranks the sentiment of news coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. RMG Networks earned a news sentiment score of 0.08 on Accern’s scale. Accern also assigned news articles about the business services provider an impact score of 45.2069122997124 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.

Top 5 Medical Stocks To Invest In Right Now: ImmuCell Corporation(ICCC)

Advisors' Opinion:

• [By Stephan Byrd]

  ImmuCell (NASDAQ:ICCC) released its quarterly earnings results on Monday. The biotechnology company reported ($0.04) earnings per share for the quarter, Bloomberg Earnings reports. ImmuCell had a negative net margin of 1.61% and a negative return on equity of 0.79%.

Top 5 Medical Stocks To Invest In Right Now: Bravo Brio Restaurant Group Inc.(BBRG)

Advisors' Opinion:

• [By Stephan Byrd]

  Media coverage about Bravo Brio Restaurant Group (NASDAQ:BBRG) has trended positive on Saturday, Accern Sentiment reports. The research firm identifies positive and negative news coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Bravo Brio Restaurant Group earned a daily sentiment score of 0.39 on Accern’s scale. Accern also assigned media coverage about the restaurant operator an impact score of 45.847415840944 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.