Big week ahead, we may very well have a second report coming later this week.
Good day everyone,
Our New Report from last week has done well in the face of major volatility.
The brief gains from mid-week in the equities market were wiped out on Friday as investors got a reminder that the demon inflation is still at the door. As earnings reports continue to come out, we are seeing companies that are still doing well, just not as well as in the prior periods.
Global inflation is forecast to rise to 8.8% in 2022 but decline to 6.5% in 2023 and to 4.1% by 2024, according to the International Monetary Fund.
I want to talk about a NASDAQ company that is new to our group and new to the NASDAQ exchange having recently completed their IPO. This company operates in a hot market sector with the latest technology and is ramping up sales to Fortune 1000 companies. The potential for growth in this company’s market value looks huge when compared to their competitors.
You may want to be prepared for this one because there aren’t many shares in the public float and investors are bidding aggressively for them just to get a piece of the company. The insiders own over half the company shares, a good signal from a new IPO. The company is currently generating revenues, profit, and positive levered free cash flow.
Stay tuned and stay informed. We will issue this report on Monday, October 17, 2022, at or near the market open.
The Traders News Group