Stocks ended Friday, the final day of the quarter, up slightly and pushing on all-time records in multiple indexes. Technology and healthcare stocks fueled the balance of the growth.
The NewsQuantified platform continues to identify a diverse array of news-based stock plays that have beat market averages in the stubborn bull market.
Today’s Top Performers are no exceptions, with today’s report focusing on a series of long plays.
In a strategy shift, 2050 Motors announced on Friday that they would be accelerating development of an assembly plant for electric vehicles in the United States. Major components, including the bodies, will be manufactured in a Chinese plant. ETFM is accelerating its plans in the US market as rival electric car options heat up in the marketplace.
Investors approved of the aggressive move and bought the stock to the tune of 10%+ gains on the session. ETFM plans to market its electric vehicle as a lightweight “neighborhood” vehicle while obtaining regulatory approval for highway use.
2. Sparta Commercial Services (SRCO): Up on news of a major new client.
Sparta Commercial Services’ stock jumped nearly 8% at the time of this writing after announcing that the Raleigh Police Department is coming onboard as a client for their Municipal Leasing division. SRCO’s iMobile Solution subsidiary will facilitate the leasing of brand new BMW units to replacing an aging police motorcycle fleet in the Carolina city. Investors jumped on the latest evidence of a lucrative municipal leasing business line for SRCO.
3. Sugarmade Inc (SGMD): Up on news of a Sriracha alliance.
SGMD registered solid gains of around 4%, with substantial remaining upside, on news of a strategic partnership with Sound Decisions, an eCommerce marketing firm. They are seeking to establish their Sriracha flavoring Stix as a “revolutionary” player in the seasoning market. Both companies have extensive brand-building experience.
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.
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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