Huge Gains on a Blockchain Security Play: Weekly Top Performer

Stocks continued climbing their way higher, inch-by-inch, on Friday. A relatively weak US jobs report wasn’t enough to deter investors in the face of strong manufacturing data and solid earnings news from huge stocks like Apple.

Friday is typically the lightest day for stock news. While NewsQuantified still finds dozens of profitable new event trades each Friday, it’s also a great time to look back over the previous week and find any prominent plays you may have missed. In addition to informing specific trades, NQ is a powerful brainstorming tool as you develop new strategies for the current market environment.

Today, we examine our top gaining stock for the week. Yet again, the lure of blockchain technology has been a magnet for explosive gains in recent months.

Identillect Technologies (ID_CDNX): gains over 150% on news of new Blockchain product.

Identillect Technologies Corporation is a leading provider of enterprise e-mail security solutions. On Wednesday morning, they announced a new product offering that would utilize a blockchain approach to maximize the audit-log integrity of e-mails, providing a line of defense against so-called “Man-in-the-Middle” attacks.

Data-tampering through malware installed on mobile devices poses a growing threat, as more and more businesses move to a “Bring Your Own Device” (BYOD) model for business phones.

With this announcement, Identillect managed to jump on two of the hottest trends in equities markets: security and blockchain. Perhaps, then, the astounding results shouldn’t have come as a huge surprise: ID_CDNX gained over 150% on the news. In fact, the stock bumped up to a 200% gain level earlier this week before consolidating at its current price.

Diverse Plays, Great Profits: All in a single news day.

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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. We make it simple to find strong, diverse plays in any market environment.

How are you using the news to earn market-beating profits? How would you use the news if you had access to a real-time platform like NewsQuantified?  Let us know in the comments below.

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