Our Streak of Bringing you Winners Continues, Updates (NASDAQ: CTXR) and (NASDAQ: FUV)

Is the Market Poised for Some Gains Right Now?

Our streak of bringing you winners continues

Good day everyone,

The markets gave back some of their gains from the prior week as investors took some profits and the news about the Covid 19 pandemic was a mixed bag.

The DJIA gave up 2.8% last week while the NASDAQ retreated by 1.7%. While we wish all the market indices experienced a perpetual upward trajectory, volatility tends to create opportunities for gains in individual stocks.

Our most recent report to you was on Arcimoto, Inc. (NASDAQ: FUV). The shares opened Monday at $3.60 and finished the week at $4.37 per share after hitting a midweek high of $4.64, creating a potential gain of 28% for our members. We hope you all realized some gains on FUV.

FUV reported a collaboration with HyreCar to facilitate the rental of its electric vehicles. The company also reported on its recent debt retirement endeavors. As a result of their efforts, $5.6 million of debt and liabilities has been extinguished from the company’s balance sheet, leaving the company debt free except for $1.6 million equipment capital lease financing.

Citius Pharmaceuticals (CTXR) is a company we have been updating you on throughout the year. CTXR shares opened on Thursday at $.88 per share, hit a high for the day on Friday of $1.97, then ending the week at $1.38 per share. This one remains one of our favorite biotechs.

On Friday, the company announced that it received a written response from the FDA in regards to its pre-investigational new drug application for its induced mesenchymal stem cells to treat and reduce the severity of acute respiratory distress syndrome in patients with COVID-19. Citius may have more near term catalysts in the making.

We hope all our members realized some gains this week as we continue our streak of reporting to you on stocks that offer up near to mid-term gains.

Our goal is always to report to you on companies that indicate the opportunity for realistic bookable gains. We also look at future potential. Citius and Arcimoto are companies that also indicate some “meat on the bone” values that can add gains in the mid-term as well.

Our due diligence on stocks we may report to you is a continuous, ongoing process and you can be assured there are a few on our radar right now.

Stay tuned and be prepared as we may be reporting on another company to you this week.

The Traders News Group


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