So far this Monday, Markets have paused their upward climb. After a solid performance on the holiday-shortened Friday session, most indexes are down modestly at the time of this writing.
The declines are broad-based, and appear to be driven by profit-taking ahead of a heavy news week rather than any sectoral decline. Markets await a number of news events this week, including progress on US tax reform in Congress and new macroeconomic data.
Today’s Top Performer is a long play that successfully pierced the cloud of profit taking to establish some handy profits.
Digital Power offers off-the-shelf power solutions for a number of use cases, including prominent medical, industrial, and military use-cases. DPW is up over 200% on the trading day, and 40% since announcing that it will be presenting at the 10th Annual LD Micro Investor conference. The stock registered advances as high as 300% before consolidating at its current level.
Enjoying solid cash flows from its core business model, DPW is currently expanding its strategic focus to acquisitions. The LD Micro Investor conference is a prominent gathering of up and coming companies. DPW plans to hold one-on-one investment development meetings at the event.
There is no single reason DPW exploded so dramatically on the trading session. Notably, its rise started even before announcing this new conference appearance. They have announced several rounds of new capital funding and major acquisitions over the course of the month.
As part of today’s announcement, Digital Power stated they will provide a general investor update on December 7, including on their investments in e-lending and blockchain ventures. Exposure to these red-hot sectors may be a strong contributor to DPW’s astonishing same-day momentum.
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