CORAL GABLES, FL / ACCESSWIRE / August 8, 2017 / Speculation continues to circle around new market highs. Analysts have made clear expectations that stocks could continue to rise to record territory Tuesday, as investors watch earnings news and await inflation data at the end of the week. While many of the blue chip stocks boost on fundamentals, markets have been following this trend for weeks now.
"As long as monetary policy continues to be the way it is, it's going to continue to make new highs," said Steve Massocca, managing director with Wedbush Securities.
But it does't mean that the only thing investors are watching are stocks trading in the tens or hundreds of dollars per share range. Many small cap and micro cap stocks have gained attention as they are known for their volatility and swings in momentum.
Joey New York Inc. (JOEY), for instance, has climbed from $0.30 on July 28 to new highs this week of $0.855 during the first hour of trading on Tuesday, August 8. Last week, the company announced that it had entered into certain agreements to obtain financing for the company's expansion of its LABB Suites. This morning, the company followed up with another announcement on expansion of its corporate team. This includes a mix of world renowned surgeons, nurse practitioners, and other leaders within the beauty and cosmetic industry. Full Report On JOEY.
"We want to set the bar high. It's important to ensure safety at all times and be compliant at every LABB Suite," says Joey Chancis, CEO. "We are revenue driven and utilize our low overhead, high margin business model to drive same store sales growth. To maximize growth while ensuring safety and compliance, we have brought on some very talented individuals on both the business side and the medical side."
American Green, Inc. (ERBB) has seen a pull-back today from its previous highs on Monday, August 7. The company had announced the purchase of an entire town in California to turn it into a "pot paradise." Shares of the company's stock traded higher at the start of the week and have since pared gains during the Tuesday morning opening session. "Although this news was reported last week, the market jumped all over it yesterday and ERBB had its best day in years," according to an article from MarijuanaStocks.com.
Trading activity for the stock remains above its 3-month average and price has held above $0.002.
Car Charging Group, Inc. (OTC PINK: CCGI) has been climbing in price since mid-July. From around $0.20 to highs on Tuesday of about $0.60, shares of this stock have increased by 200% in less than one month. The company is the largest owner, operator, and provider of electric vehicle (EV) charging services and the owner and operator of the Blink Network. Last week, the company announced the launch of a new and integrated version of the parent company's website, CarCharging.com, and the website of its largest operating entity, Blink Network.
"After several years of managing separate websites for CarCharging and Blink Network, the time has come to integrate them as the market enters an accelerated growth period," stated Mike Calise, CarCharging's Chief Executive Officer. "The integration of CarCharging.com and BlinkNetwork.com is the digital representation of the first steps of our corporate rebranding, which will allow us to unify our identity and solidify our leadership position within the EV charging market."
See Why Early Investors are Likely to be Sitting Pretty Here.
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