Traders held their bets Monday morning in anticipation of an expected interest rate increase by the Federal Reserve later this week; therefore, U.S. stocks barely changed.
The board in charge of the central bank’s policy-setting; the Federal Open Market Committee, is predicted to increase interest rates by a quarter point from 0.75 percent-1.00 percent following a meeting that begins on Tuesday.
The major S&P sectors were all trading within a small range which indicates little interest on Wall Street.
Traders bet by 94% that on Wednesday Fed Chair Janet Yellen will report an increase.
As the economy shows signs of improvement; traders will pay close attention to Yellen’s comments for hints on whether or not the central bank may increase rates. Several companies we’re watching include: Internap Corporation (NASDAQ: INAP), Cerulean Pharma Inc. (NASDAQ: CERU) and Telehealthcare Inc. (OTCMKTS: TLLT).
Internap Corporation (NASDAQ: INAP), formerly InterNAP Network Services Corporation, provides Internet infrastructure services. The Company operates through two segments: Data Center Services segment and Internet Protocol Services segment. It offers hybrid Internet infrastructure services, which enables customers to mix and match cloud, hosting and colocation for the combination of services. It also offers availability across a global network of data centers and services backed by service level agreements (SLAs). “INAP” or the “Company” and Enzu Inc., an Inc 500 award winner and Infrastructure-as-a-Service (IaaS) hosting provider, today announced a multi-year colocation agreement in INAP’s Los Angeles Data Center. Over the last 30 days, INAP has seen an increase in trading of 87.28%.
Cerulean Pharma Inc. (NASDAQ: CERU) is a clinical-stage, oncology-focused company. The Company applies its Dynamic Tumor Targeting platform to develop differentiated therapies. Its platform utilizes nanoparticle-drug conjugates (NDCs), which consist of polymers that are covalently linked to anti-cancer therapeutics or payloads. Its NDC platform is designed to create NDCs that accumulate high concentrations of active drug in tumor cells, without exposure to healthy tissue. Its platform is applicable to a range of payloads. In the past month, CERU has had a spike in trading by 108.66%.
TeleHealthCare, Inc.(OTCMKTS: TLLT), is a company that develops platforms in the telehealth industry. The Company offers a platform called CarePanda which is an online software that helps people, family members and caregivers manage; share and control their own; their family’s, or their customers’ healthcare information. CarePanda links people and healthcare information together at the point of care and works on multiple platforms, including Internet-enabled devices and mobile phones. CarePanda focuses on tools that help people manage their lives and care for others, including contact lists, medication lists, emergency planning, medical bill management and various other features. CarePanda solves a range of social and healthcare industry problems, including changes in healthcare regulations, socio-demographics of an aging population, shortage of healthcare workers and impact of Obama Care. It develops similar platforms as private label portals for clients. During the last 2 months TLLT has seen an increase in trading of 40.90%.