As Fall 2016 starts to get underway, investors are quickly hopping back in the saddle and searching for what will be the hot sector to watch in Q3 and Q4. There has been a lot of built up anticipation on whether the Fed will hike rates in their September meeting or if they will wait until later in the year. The amount of Americans that have filed for unemployment benefits dropped last week, indicating the labor market has been able to maintain its recent strength, despite, the pace of job growth slowing. With that being said, there are 4 companies that require your attention in September: Cellectar Biosciences Inc (NASDAQ:CLRB), Envirostar Inc (NYSEMKT:EVI), Life Clips Inc (OTCMKTS:LCLP), Institutional Financial Markets Inc (NYSEMKT:IFMI)
Cellectar Biosciences Inc (NASDAQ:CLRB) is developing agents to detect, treat and monitor a broad spectrum of cancers. Utilizing a novel phospholipid ether platform technology as a targeted delivery and retention vehicle, Cellectar’s compounds are designed to be selectively taken up and retained in both cancer cells and cancer stem cells. Why has CLRB hit our radar? In the past few weeks of September CLRB has seen an increase of 65.23% and has also seen an increase above average daily trading volume.
Envirostar Inc (NYSEMKT:EVI) distributes commercial and industrial laundry and drycleaning equipment, steam boilers, process steam systems and replacement parts through its subsidiary, Steiner-Atlantic Corp. In the last month starting from August 10th to now EVI has gone up in share price by 46%. This move was made after EVI shares jumped from $4.79 to highs of $7 on Thursday.
Life Clips Inc (OTCMKTS:LCLP) is a developer and manufacturer of action cameras aimed at families, action sports enthusiasts, and those on vacation. Life Clips also offers innovative accessories like one-time use batteries for mobile devices. (LCLP) shares have seen a spike in price by 31.18% since the early weeks of May. In its last press release, the company announced that it signed an exclusive rep agreement with Retail Ready Group, LLC for distribution of its 4K action camera and Mobeego into some of the largest retailers in the world. Full release: http://finance.yahoo.com/news/lclp-signs-exclusive-rep-agreement-135300485.html
Institutional Financial Markets Inc (NYSEMKT:IFMI) is an investment firm engaged in credit-related fixed income investments. Within the past 3 months, IFMI has gone up in the market by 111.53%. In the company’s last press release, they released earning showing second quarter net income of $1.2 million or $0.07 per diluted share and second quarter operating income of $2.2 million.