Cryptocurrency, Inflation, and a Look at a Company in a Booming Sector That Looks Due for a Near-Term Swing

Update on a recent report coming Thursday, March 24, 2022, at or near the market open.

Good day everyone,

The stock indices continued their gains in the Tuesday session with the NASDAQ breaking 14,000. I’m not certain the gain will continue but I certainly hope so. Cryptocurrencies, that have been hammered in lockstep with equities, are creeping back up as well and now we see Bitcoin over $42,000 and Ethereum trying to cross the $3,000 level.

The Fed has laid out its plan to fight inflation and it seems plausible. But the impact of inflation is hitting home for many as they fill their gas tanks and buy groceries with incomes often to short to compensate. There could be continued pressure on the Fed to react if there isn’t good news on consumer prices in the near term.

We want to update you on a NASDAQ company that I feel has been left out of the recent rally in the NASDAQ. When I look at this company, I see a vibrant, growing company in a dynamic sector. Run by a top-notch management team this company, that is revenue positive, may continue its growth pattern and reward its stakeholders.

High growth sectors can be a bonus for investors that get in early, choosing the best companies emerging there. I believe the company in our next featured report fits that bill. The more I look at this company, the more I like it, and the more I see the underlying strength in the sector they operate in.

I think there may be a near-term gain in the company’s value because they present with strong fundamentals and metrics in relationship to their current market cap. A higher value could be supported at this company. Tiny float, revenues, nice insider position, and a consolidated price.

Stay tuned and stay informed. We will issue this report on Thursday, March 24, 2022, at or near the market open.

The Traders News Group

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