Election day is over, I hope you voted. It will take a while before the full impact of Tuesday’s elections are determined as votes get counted and, in some cases, recounted. It remains to be seen how Wall Street will react to the voting. I will be glad just to see the political advertisements stop flooding my email, texts, and my social media.
Inflation has been high enough and been around long enough for consumers to begin feeling pressure on the basics like gas and groceries. Be prepared for winter if you live in a cold state. The U.S. Department of Energy has advised that natural gas and heating oil prices will be significantly higher when compared to last year.
I want to update you on a NASDAQ tech company that is running hot. I think we are catching this one in a trough and a near term peak may come quickly. The chart looks promising, and the company is announcing potential catalysts on a regular basis.
This company has a tiny float, is revenue positive, and has plenty of cash on hand. Best of all, this company’s tech has a total addressable market, certainly in the multi billions, but hard to determine due to so many potential applications for their products.
Stay tuned and stay informed. We will release this report on Thursday, November 10, 2022, at or near the market open.
The Traders News Group