Stock market news today August 20

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 The market is about to be redefined by one huge
shift — and buying these 14 stocks could help you make a
killing

The US
dollar surprised everyone this year.

Most of Wall Street expected it to be weaker versus its global
counterparts, but it has instead surged 7.4% since January,
according to the Federal Reserve‘s
trade-weighted measure.

A big part of that is the Fed’s monetary tightening, which comes
at a time when other global central banks are still employing far
looser policies. And any chances for a reversal have been
thwarted in recent months amid mounting trade tensions.

A strong dollar is problematic for multinational companies that
rely heavily on exports. But by that same token, there’s great
value in knowing which companies fall into that category, in the
event of a dollar reversal. If and when the greenback heads
lower, the stocks of those firms could get a big boost.

That’s where Goldman
Sachs comes in. They maintain an index of
companies who get a large percentage of their sales
internationally.

The Winklevoss twins are teaming up with exchange rivals
to take a page out of the stock market’s playbook

Several crypto exchanges are teaming up to form a task force that
could bring the crypto markets to the next level.

The Winklevoss brothers’ Gemini and three other exchanges on
Monday announced the creation of the Virtual Commodity
Association Working Group, which could be a precursor to the
formation of a self-regulatory organization for digital
commodities like bitcoin and Ethereum.

The hope, market observers say, is that it could bring to
fruition new industry standards for crypto and make large
investors more comfortable with the nascent market.

The marijuana industry is gripped by a deal
frenzy

The cannabis sector is booming.

Major Canadian marijuana cultivators, known as licensed
producers, have pursued a flurry of deals as excitement around
Canada’s legal
marijuana market ramps up.

Earlier this week, Constellation Brands, the beer-and-liquor
giant behind Corona, poured close to $4
billion into Canopy Growth, the largest
publicly traded licensed producer. In May, Aurora — another of
Canada’s large so-called LPs — bought a smaller rival, Medreleaf,
in a $2.3
billion stock deal, just days after the
company closed a $1 billion cash-and-stock acquisition of
CanniMed Therapeutics. That’s amid a wave of smaller mergers and
acquisitions in the sector.

Though investors are excited about the prospects of cannabis
legalization,
the accounting giant PwC is flashing warning signs, saying the
“deal mania” in the cannabis sector will create some winners —
but many more losers.

In markets news