U.S. stocks were slightly altered in muted trading on Monday as shareholders paused before a busy week of quarterly results from U.S. banks and several Dow 30 companies. The energy sector was the largest decline amongst the major S&P sectors as crude dropped. Chevron’s 1.2% fall to $88.56 made it the largest drag on the Dow Jones industrial average. “I think it will be a generally very quiet day and investors will be content to sit on the sidelines today and wait for more earnings numbers tomorrow and some economic data,” stated Paul Nolte, the portfolio manager at Kingsview Asset Management. With that being said, small cap companies such as MeetMe Inc (NASDAQ:MEET), Wee-Cig International Corp (OTCMKTS:WCIG) and Bioelectronics Corp (OTCMKTS:BIEL) have gained a lot of attention from investors over the last couple of weeks.
MeetMe Inc (NASDAQ:MEET) the leading social network for meeting new people in the US and is the leader for public market for social discovery. MeetMe makes it simple to discover new people to chat with on mobile devices. With 80% of traffic deriving from mobile and with more than one million daily active users, MeetMe is acting quickly to become the social gathering spot for the mobile generation. MeetMe stands at the forefront of the mobile monetization with a diverse revenue model made up of advertising, native advertising, virtual currency, and subscription.
MEET trading action began to pick up from September 28th to October 12th. At this time, MEET saw highs of $2.07, which displayed great volatility with an increase of 32.69% making them viable investing option for future shareholders.
Wee-Cig International Corp (OTCMKTS:WCIG) is a technology company dedicated to being at the forefront of vaporization and electronic cigarettes. There is an estimated 1.2 billion people who smoke globally and Wee-Cig is working hard to be a part of the movement of converting these smokers to e-cig and vape users. WCIG from September 16th to October 6th saw modest gains of 25% with highs of $0.0126. With this type of trading action WCIG would be looking to add value to new products they might be developing in the near future for shareholders and future investors similar to their newest products like the Wee-True and Wee-Vape as well as a silicon container sold to medical marijuana shops called the Wee-Blockz.
Bioelectronics Corp (OTCMKTS:BIEL) is a leader in non-invasive electroceuticals and the developer of an industry leading family of disposable, drug-free, pain therapy devices: ActiPatch® Therapy, over-the-counter treatment for back issue and repetitive discomfort and other musculoskeletal complaints; RecoveryRx Devices for chronic and post-operative wound treatment; Allay Menstrual Pain Therapy; and HealFast Therapy for dogs, cats and horses. BIEL announced that they are backing the Arthritis Care Time for Tea campaign October 12-18, 2015. Time for Tea is ran by Arthritis Care, a registered UK organization, which provides emotional support and practical information to people in the UK who are living with arthritis-related issues. Starting from September 17th to October 12th BIEL saw an increase of 733.33% making them a micro-cap stock to watch heading into 2016.