Aurora Cannabis or Canopy Growth: Which Pot Stock Will Have the Better 2020?
In just over two weeks when we turn the page on 2019, it'll almost certainly go down as the worst year on record for marijuana stocks. What began as a very promising year that saw more than a dozen cannabis stocks rise in value by at least 70% during the first quarter looks as if it'll end with more than three-quarters of all marijuana stocks losing at least a double-digit percentage in 2019. Relative to the benchmark S&P 500, we could be talking about an underperformance of at least 35 percentage points, if not much more, for the typical cannabis stock.
Leading the pack in the disappointment department are Aurora Cannabis (NYSE: ACB) and Canopy Growth (NYSE: CGC), two of the largest and most popular pot stocks. Through this past Wednesday, Dec. 11, Aurora Cannabis had shed 53% of its value, with Canopy Growth down by a more "subtle" 30% year to date.
The thing is, Wall Street is always forward-looking, and these poor performances could easily be placed in the rearview mirror if the cannabis industry does a better job of executing in 2020. The big question is, between Aurora and Canopy, which pot stock looks destined to have a better year in 2020? Let's take a closer look by breaking down the positive and negative potential catalysts for each company and then make a final decision.
Source Fool.com
