An upgrade by Goldman Sachs was the latest catalyst for the stock, already up 609 percent this year. Analyst Mark Delaney based his call on macro and micro factors.
Start with the equity in a house. If your home is worth $400,000 and you owe $320,000 on the mortgage, it has $80,000 of equity. The building is the asset and the mortgage is the debt.
Early leader Tilray (TLRY)
might have fallen asleep after a blistering rally in September, but others have lit up more recently. Aurora Cannabis (ACB) glowed green today, ripping 12 percent to a five-month high.
Some $1.5 billion of new stock came to market last month, according to data from ClickIPO. It might sound puny compared with recent totals, but it was still the busiest August in five years.