TechStockInsider.com issues the following report: The market opened stronger on Monday (5/16) with much more attention on the technology sector. Billionaire Warren Buffett disclosed a $1billion plus stake, at the time of his disclosure, in Apple with a sum of 9.8million shares of the tech giant. Further to this, crude oil jumped above $47 a barrel on Monday after Goldman Sachs said the oil market had flipped to a deficit “much earlier than we expected,” further pushing the positive sentiment in the market.
With the market pushing gains, we’ve found some potential with 4 stocks posting larger gains and headed toward growth driven opportunity in the market.
Life Clips Inc (OTCBB:LCLP) has made new 52-week highs this morning following the announcement that the company has successfully secured financing for the final steps of its Batteryfly acquisition. The Company has closed a private financing transaction for $700,000, which gives LCLP the necessary capital requirements to fulfill the acquisition of Batteryfly Energy, LTD and their Mobeego product line.
CEO of Life Clips Inc (OTCBB:LCLP) Bob Gruder stated, ““I think the Mobeego battery will be great for anyone that needs a quick power supply to their phone or action camera. Individuals can keep them on hand as they have a 10-year shelf life and do not require any pre-charge. They are affordable and very easy to use. Mobeego is currently sold in 14 countries including Canada, United Kingdom, Malaysia, France and Russia. Mobeego is a global tech gadget and excellent addition to our pipeline that complements our SoloVu™ 4k action camera perfectly.”
This news has been long awaited as Life Clips has been building more attention on the Mobeego as well as the SoloVu product lines. Last week the Company announced that they have placed an initial order for its new 4k Action Camera the SoluVu™ to fulfill retail and distribution orders, which increased positive sentiment in the market.
TechStockInsider.com has been following the company since 5/4/2016 where they alerted (LCLP) at $0.27 and has now seen a new 52-week high of $0.69. SOURCE: TechStockInsider.com
MGT Capital Investments Inc. (NYSEMKT:MGT) provided a cybersecurity industry outlook following the arrival of industry pioneer John McAfee. In line with his recent appointment, MGT has also recently announced the acquisition of certain technology and assets from D-Vasive, Inc., a provider of leading edge anti-spy software. MGT Capital Investments Inc. (NYSEMKT:MGT) has also entered into a consulting agreement with Future Tense Secure Systems, Inc., a technology incubator with investments in other privacy and security applications, and an ownership interest in a technology incubator, Round House LLC.
MGT has seen an incredible run over the last week from an opening price of $0.64 on Monday (5/9) to highs of $2.20 just one week later, this 244% rally saw a very brief period of consolidation on Friday (5/13) when the stock dropped to levels of $1.17. Up until this point the stock has only seen highs of roughly $2 within the last 8 months and after this latest series of news, MGT has now managed to make new highs
Progressive Care Inc (OTCMKTS:RXMD) announced one of its biggest milestones to date this morning. Not only did the company report a record first quarter for revenue and prescriptions filled but for the first time since 2010, the Company recorded consolidated profits. Net income for the quarter was nearly $100,000 or 2% of net revenues.
PharmCo brought in close to $4 million in net pharmacy revenues, which is a 27% increase over the same quarter in 2015. In addition, this is also the first quarter since 2011, which has undergone third party review from a PCAOB auditing firm. In response to this, S. Parikh Mars, Progressive Care Inc (OTCMKTS:RXMD)’s CEO, stated, “This is a momentous occasion for the Company! One of our biggest goals in 2016 was to achieve consolidated profitability and we are well on our way with this phenomenal quarter. We believe that this level of profitability will continue for the remainder of the year and we look forward to reporting positive earnings to our shareholders.”
Since May of last year, shares of Progressive Care have increased 660% as of today’s early morning high of $0.038. Furthermore, the stock has seen 2016 highs of $0.054. A recent analyst reports puts a price target of $0.10 suggesting that growing revenues, increased prescriptions filled, and an increasing business base could positively impact the stock.
Appiphany Technologies Holdings Corp (OTCMKTS:APHD) has also seen a positive impact from news that was released earlier this morning. Today the company announced that it has secured an annual brand protection contract with TOMS Shoes, one of North America’s largest footwear manufacturers.
In response to the announcement, Appiphany Technologies Holdings Corp (OTCMKTS:APHD) CEO Rob Sargent stated, “Securing TOMS Shoes, a global leader in the footwear fashion industry, is a major coup for Appiphany. The world-class Watchdog platform has been proven successful with major luxury brands over a 7-year period. This major footwear manufacturer’s commitment to the Watchdog brand protection program is further evidence of a winning formula for our company and its shareholders.”
The stock has climbed an eye opening 9,017% from its closing price on Friday (5/13) and even from the opening price on Monday, shares have increased by as much as 3,344% following highs of $0.465. The market for APHD has also seen its highest trading volume days ever.
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Disclosure: The information, opinions and analysis contained in this report are based on sources believed to be reliable, but no representation, expressed or implied, is made as to its accuracy, completeness or correctness. The opinions contained herein reflect our current judgment and are subject to change without notice. We do not accept any responsibility or liability for any losses, damages or costs arising from an investor’s or other person’s reliance on or use of this report. This report is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities, nor a recommendation of any security. Past gains are not representative of future gains. MIDAM VENTURES, LLC owner and operator of TechStockInsider.com was paid an advertising fee of $75,000 cash & ZERO Restricted Common shares by Life Clips, Inc. (LCLP) for visual sponsorship of TechStockInsider.com and for visual placement Life Clips, Inc. (LCLP) within written materials. FOR A DURATION OF 30 DAYS Beginning 5/4/2016. & ending 6/3/2016. MIDAM VENTURES, LLC owner and operator of TechStockInsider.com was paid an advertising fee of $75,000 cash & 21,125,000 Restricted Common shares by Progressive Care, Inc. (RXMD) for market awareness FOR A DURATION OF time ending 10/1/2016 (which may be renewed at the end of the term).Tech Stock Insider has not been compensated nor does it expect to receive any compensation for distribution of its opinions and publicly available information regarding, APHD, or MGT in this investment opinion article at this time. The opinions contained herein contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements concerning manufacturing, marketing, growth, and expansion. When used herein, the words “anticipate,” “intend,” “estimate,” “believe,” “expect,” “plans,” “should,” “potential,” “forecast,” and variations of such words and similar expressions are intended to identify forward-looking statements. Such forward-looking information involves important risks and uncertainties that could affect actual results and cause them to differ materially from expectations expressed herein. A company’s actual results could differ materially from those described in any forward-looking statements contained herein. Tech Stock Insider is not a licensed broker, broker dealer, market maker, investment advisor, analyst or underwriter. We recommend that you use the information found herein as an initial starting point for conducting your own research in order to determine your own personal opinion of the companies discussed herein before deciding whether or not to invest. You should seek such investment, tax, financial, accounting or legal advice appropriate for your particular circumstances. Information about many publicly traded companies and other investor resources can be found at www.sec.gov. Investing in securities is speculative and carries risk. Please visit http://techstockinsider.com/content/terms-and-conditions-use/ website for a more detailed discussion of risks and disclosures.
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