PreMarket Prep Stock Of The Day: Canopy Growth

Benzinga’s PreMarket Prep airs every morning from 8-9:00 a.m. EST. During that fast-paced highly informative hour, traders and investors tune in to get the major news of the day, the catalysts behind those moves and the corresponding price action for the upcoming session.

On any given day, the show will cover at least 20 stocks determined by co-hosts Joel Elconin and Dennis Dick along with producer Spencer Israel.

For those who don’t have the time to tune in live or listen to a recording, Benzinga will highlight a stock of the day that was featured on the show.

Stock Of The Day: Canopy Growth

Every stock needs a catalyst to make a move higher and the most powerful catalyst by far is the results of its earnings reports. If an issue is in a prolonged uptrend, an earnings beat can propel the issue to higher and higher prices. If an issue is in a prolonged downtrend, an earnings beat may provide a catalyst to reverse that trend.

A great example of the latter is the …

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