U.S. stocks saw minimal changes on Tuesday while Verizon and United Technologies increased after strong quarterly results, limiting the losses caused by IBM’s upsetting results and lowered forecast. Third-quarter company earnings are in focus this week, with investors keeping an eye on revenue growth and outlook commentary on the effects of a global economic slowdown.
S&P 500 companies are expected to show a 3.9% decline in third-quarter profit while revenue is expected to fall 3.8 percent, according to Thomson Reuters data.”It is top line growth that is making these companies and the market see-saw back and forth as they report,” said Chris Bertelsen, chief investment officer at Global Financial Private Capital.
“They can’t get away with just bottom line good numbers anymore because everyone’s looking for growth,” Bertelsen said. With earrings being the center of attention this week, positive reports could ignite small cap companies such as Cyber Apps World Inc (OTCMKTS:CYAP), Galmed Pharmaceuticals Ltd (NASDAQ:GLMD), Weight Watchers International, Inc. (NYSE:WTW), Urban Barns Foods Inc (OTCMKTS:URBF).
Cyber Apps World Inc (OTCMKTS:CYAP) is working hard to acquire and build a worldwide e-commerce internet platform dedicated to providing revenues based on the purchase and sale of products and services by way of mobile/computer applications WORLDWIDE, online, 24 hours a day, 7 days a week. Cyber Apps World foresees making available to subscribers, an ever-expanding list of applications and programs, the first App to be released is the “INSTANT COUPONS APP.” CYAP released details that it has entered into a Marketing/Licensing agreement for the “INSTANT COUPON APP” with a worldwide release on the Cyber Apps World proprietary E-Commerce Platform making CYAP a micro-cap stock to watch in the tech app sector.
Urban Barns Foods Inc (OTCMKTS:URBF) uses patent pending and proprietary cultivation equipment to produce premium quality, chemical-free and non-GMO leafy vegetables in a protective and controlled indoor environment, involving lettuce and basil that is Kosher-certified. In a recent announcement Mr. Horst Hueniken has resigned as Chairman of the Board, yet he stands as the Director of the Company. Existing Director Mr. Jeremy Kendall, who takes on the added responsibility of Chairman, replaces him. Mr. Richard Groome has resigned as President and CEO but stands as the Director of Urban Barns. Mr. Hueniken has taken the position of Mr. Groome in those roles with a mandate to bring new attention to Urban Barns on selling premium priced Kosher-certified product and to increase the Company’s financial performance. Mr. Hueniken will also continue to act as the Company’s Secretary and Treasurer. URBF has hit highs 0.0018 on Wednesday on above average volume but has seen prices as high as 0.01 within the last 30 days.
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Galmed Pharmaceuticals Ltd (NASDAQ:GLMD) a clinical-stage biopharmaceutical company, focuses on the development and commercialization of therapeutics for the treatment of liver diseases. It is developing Aramchol, which is in Phase IIb clinical trial for the treatment of non-alcoholic steatohepatitis in patients who also suffer from obesity and insulin resistance. The company was founded in 2000 and is headquartered in Tel Aviv, Israel. “During the ‘The Next Big Thing Report’ segment, Mr. Smith refers to Aramchol™ as a potential blockbuster treatment for the growing medical concern of fatty liver disease, including NASH, alongside other metabolic disorders including obesity, high cholesterol, high blood pressure, and adult diabetes. NASH is now estimated to affect about 45 million adults in the US and EU-5 alone,” said Galmed’s CFO, Josh Blacher. In the month of October, GLMD has seen gains of 43.34% making them a biotech stock to keep on your watch list for as more attention surrounds Galmed Pharmaceuticals Ltd.
Weight Watchers International, Inc. (NYSE:WTW) is the world’s leading commercial provider of weight management services, which operates globally through a system of Companies-owned and franchise operations. Weight Watchers has close to 40,000 meetings each week where members receive group support and learn about healthy eating systems, behavior correction and physical activity. Weight Watchers offers creative, digital weight management products through its online website, mobile sites and apps. Weight Watchers is the leading provider of online subscription weight management products in the world. Oprah Winfrey and Weight Watchers International, Inc.(WTW) have come together in a groundbreaking partnership to motivate people around the world to lead a healthier and more impactful life. Winfrey was empowered by the proven Weight Watchers program mixed with new initiatives to expand the company’s mission to prioritize overall health and wellness. As an addition to this long-term partnership, Winfrey is making a substantial equity investment in the company and is joining the Board of Directors, bringing her insight to future products and programs. In the past 3 months, WTW has seen substantial gains of 410.67% displaying incredible trading flexibility in efforts to see new highs for shareholders and future investors to feel optimistic with their investment.