Top Shares to Acquire when Reaching Annual Highs and Lows
================================================================
In the world of finance, Tuesday saw a mix of highs and lows for various entities. Here's a roundup of some significant events:
Stock Market Movements
- Constellation Brands (STZ) hit a new 52-week low at $133.84, marking a five-year low for the company.
- Meanwhile, The Conductor Global Equity Value ETF (CGV) reached a new 52-week high at $14.90, making it an all-time high for the nine-year-old ETF.
- High Tide (HITI) also climbed to a new 52-week high and a 3-year high at $3.99.
- On the other hand, Horizon Technology Finance (HRZN) dipped to a new 27th 52-week low and a 5-year low at $6.56.
Fund Management
- IronHorse Capital manages Constellation Brands and diversifies across 40 to 90 names.
- CGV is an actively-managed ETF that focuses on small to mid-cap stocks.
Business Updates
- High Tide, a Calgary-based retailer of cannabis with 207 Canna Cabana locations in Canada, reported a free cash flow of CAD$10.7 million ($7.8 million) through the first nine months of 2025 on CAD$430 million ($312.6 million) in revenue. The company is on track to open close to 30 stores by the end of 2025, making it the country's largest cannabis retail brand.
- Horizon provides secured loans to venture capital and private equity-backed companies operating in innovative industries such as life sciences, technology, and health care. The company generates revenue from the loans it makes, as well as capital gains from warrants received from its debt investments.
Federal Reserve Developments
- The Federal Reserve's September meeting is underway, with Stephen Miran, a Trump appointee, participating for the first time as a Fed governor. Investors are hoping for a significant rate cut.
- Stephen Miran, who was sworn in as Fed governor on Monday, will have a vote on the rate cut.
In summary, Tuesday was a day of notable events in the financial world, with a range of companies experiencing highs and lows, and the Federal Reserve's September meeting commencing with the anticipation of a potential rate cut.
Read also:
- Duty on cotton imported into India remains unchanged, as U.S. tariffs escalate to their most severe levels yet
- President von der Leyen's address at the Fourth Renewable Hydrogen Summit, delivered remotely
- Unveiling Innovation in Propulsion: A Deep Dive into the Advantages and Obstacles of Magnetic Engines
- Intensified farm machinery emissions posing challenges to China's net-zero targets
