The markets’ run continued on Wednesday, with major indexes registering gains yet again, after recovering from losses earlier in the session.
The NewsQuantified platform continues to identify a diversity of profitable news-based stock trading opportunities. Today, we focus on long plays that managed to exceed broader market gains.
The pharmaceutical and medical sectors continue to maintain a strong presence in our Top Performer Reports.
Medical Transcription Billing registered impressive gains of over 30% after announcing an excellent sales start for their new SaaS product. MTBC provides a variety of cloud-based technology solutions, specializing in the healthcare market.
The tenth largest insurer in the nation will purchase MTBC’s EnrollmentPlus software, a data platform for group insurance enrollment.
Positive future-looking product news continues to drive explosive gains in the current earnings-hungry market environment. MTBC flirted with gains near 70% before stabilizing around the 30% gain mark.
Another health service stock registered even more impressive gains: STRM gained over 60% at the time of this writing on Wednesday after announcing an expanded contractual relationship with a major auditing services client. They will begin selling their proprietary eValuator Health Billing “pre-Audit” software. Investors jumped into the stock on the news, eager to take advantage of this lucrative new product line.
Streamline Health provides technology-enabled services and analytics to support revenue cycle optimization for healthcare enterprises.
Net Savings Link registered gains over 15% on the session after announcing that it was approved for “Current” status as an OTC (Over the Counter) stock. They simultaneously announced their decision to create MJCOIN, a digital currency that will function as a capital vehicle and payment facility for the medicinal marijuana industry--currently excluded by Federal banking regulations from many normal banking activities.
Diverse Plays, Great Profits: All in a single news day.
A powerful news analytics platform like NewsQuantified not only makes it easy to track the news, but to quickly compare news events with key financial information.
Today’s plays make the power of this news-based trading approach clear. No small investor could be expected to track all these companies, diverse across industry, market cap, and valuation. No small investor could be expected to rate dozens of world-class financial analysts.
Yet they were all at the top of a single easy to use dashboard in the NewsQuantified platform. We make it simple to find strong, diverse plays in any market environment.
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