Federal Reserve Chair Jerome Powell’s speech on Friday essentially confirmed Fed rate hikes will continue and remain high until inflation is close to its target. Buybacks and dividends have been one of the few bright spots for investors this year. You could see that clearly Monday. The S&P 500 was only down a few points until the last ten minutes, when the S&P dropped 20 points.
With an overall bearish sentiment on Wall Street investors should consider diversifying portfolios broadly to include alternative investments and private markets in an attempt to hold positions that match long-term investment financial objectives. It is very easy to throw in the towel when markets are turbulent. But throwing the towel would most likely also mean missing the recovery that will undoubtedly follow a correction.
Let’s dive into some of the stocks that are still managing to remain bullish in downturn. Newage Inc (NASDSQ:NBEV) share are up over 70% on Tuesday morning. More than 153M shares have exchanges hands at the time of writing this news article. Earlier on August 12, 2022 it received an additional delinquency notice from the Nasdaq Stock Market, dated August 11 notifying the Company that it is not in compliance with Nasdaq Listing Rule 5250(c)(1). The Company failed to file its Quarterly Report on Form 10-Q for the quarter ended June 30, 2022 with the Securities and Exchange Commission. The Rule requires listed companies to timely file all periodic financial reports with the SEC.
Blue Apron Holdings, Inc. (NYSE:APRN) is up close to 20% on Tuesday morning. More than 21M shares have traded compared to an average daily volume of 4.209M shares. The surge in the prices stems from a recent interview by the company’s CEO Linda Findley stating “Meal kits have evolved quite a bit” that has caught Wall Street’s attention (1).
Flora Growth Corp. (NASDAQ:FLGC) could be another stock that ready for a bounce back. Flora Growth Corp. (NASDAQ:FLGC) reported results and provided a business update last week. Flora's total 1H22 revenue came in at $14.9 million, which represents a greater than 7-fold advance compared to the same period of 2021 and a more than doubling compared to the prior half year period. Flora reiterated 2022 guidance of $35 million to $45 million, which management believes is supported by many factors, including the recent acquisition.
In addition, FLGC has strengthened its European presence with a new office in London and also received approval to sell products on Amazon UK. Cross-promoting its growing product portfolio to enhance and accelerate growth is a priority. The company also expects the launch of sales in the Commercial Wholesale and Life Sciences business to contribute to revenue growth in 2H22 and beyond. Flora is optimistic about the Life Sciences division, following the recent acquisition of Masaya and approval of clinical trials in the U.K (2)
Other notable stocks to look out for include Mobile Global Esports Inc. (NASDAQ:MGAM), IN8bio, Inc. (NASDAQ:INAB), Baudax Bio, Inc. (NASDAQ:BXRX), Altria Group, Inc. (NYSE:MO), Jazz Pharmaceuticals plc (NASDAQ:JAZZ), Sundial Growers Inc. (NASDAQ:SNDL), Cara Therapeutics, Inc. (NASDAQ:CARA) and Cronos Group Inc. (NASDAQ:CRON)
Sources:
- https://finance.yahoo.com/video/blue-apron-ceo-meal-kits-194948110.html
- https://finance.yahoo.com/news/flgc-1h22-results-support-positive-091500616.html
Disclaimer: InvestorBrandMedia is not operated by a licensed broker, a dealer, or a registered investment adviser. It should be expressly understood that under no circumstances does any information published herein represent a recommendation to buy or sell a security. Our reports/releases are commercial advertisements and are for general information purposes ONLY. We are engaged in the business of marketing and advertising companies for monetary compensation. Never invest in any stock featured on our site or emails unless you can afford to lose your entire investment. The information made available in this article is not intended to be, nor does it constitute investment advice or recommendations. The contributors may buy and sell securities before and after any particular article, report, and publication. In no event shall Investor Brand Media be liable to any member, guest, or third party for any damages of any kind arising out of the use of any content or other material published or made available by Investor Brand Media ., including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information in this video, article, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. InvestorBrandMedia.com strongly urges you to conduct a complete and independent investigation of the respective companies and consideration of all pertinent risks. Readers are advised to review SEC periodic reports: Forms 10-Q, 10K, Form 8-K, insider reports, Forms 3, 4, 5 Schedule 13D. For some content, Investor Brand Media, its authors, contributors, or its agents, may be compensated for preparing research, video graphics, and editorial content. As part of that content, readers, subscribers, and website viewers are expected to read the full disclaimers and financial disclosures statement that can be found on our website by visiting InvestorBrandMedia.com/Disclaimer. InvestorBrandMedia.com was previously compensated 750$ for ticker tagging service on FLGC by a 3rd party Bullzeye Media on Feb 7th, 2022. The Private Securities Litigation Reform Act of 1995 provides investors a safe harbor in regard to forward-looking statements. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions, or future events or performance are not statements of historical fact may be forward-looking statements. Forward-looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties, which could cause actual results or events to differ materially from those presently anticipated. Forward-looking statements in this action may be identified through the use of words such as projects, foresee, expects, will, anticipates, estimates, believes, understands, or that by statements indicating certain actions & quotes; may, could, or might occur. Understand there is no guarantee past performance will be indicative of future results. Investing in micro-cap and growth securities is highly speculative and carries an extremely high degree of risk. It is possible that an investor’s investment may be lost or impaired due to the speculative nature of the companies profiled.
Media Contact
Company Name: Investor Brand Media
Contact Person: Ash K
Email: investorbrandmedia@gmail.com
Country: United States
Website: https://investorbrandmedia.com/
