CORAL GABLES, FL / ACCESSWIRE / May 20, 2016 / TechStockInsider.com issues the following report: Today Wall Street rose after retreating earlier in the week on renewed concerns the U.S. Fed would raise interest rates in the near-term. Worldwide stock markets appear to have dismissed remarks from New York Fed President William Dudley on May 19 that bolstered rumors that a Fed rate rise might be on the table in June. This prompted major U.S. stock indexes to close lower yesterday.
This having been the case and the outlook for the market on Friday becoming increasingly bullish, several stocks have been put on the trending list. These could be bucking the same trend that the current market is echoing and all may be focused also on a bullish end of the week.
Cellectar Biosciences, Inc. (NASDAQ: CLRB) announced today that its previously filed non-provisional US and International patent applications for Phospholipid-Ether Analogs as Cancer Targeting Drug Vehicles have received their US Patent and Trademark Office identification numbers and have been published by the USPTO. This marks the next step in the application process for approval and issuance of these patents.
This news has sparked a massive increase in buying pressure today as shares of CLRB have increased by nearly 200% from the previous closing price. At the time of this report, shares have hit highs of the day of $2.83 with more than 16 million shares traded.
LifeClips Inc. (OTC: LCLP) released news Wednesday morning of the securing of a $500,000 non-dilutive revolving line of credit, which has caused a surge of positive momentum in the market over the last few days. Shares have increased as high as $0.76. On Friday the stock saw some consolidation which filled the gap to the 20 day moving average line on the chart on Friday. This week's highs mark a new 52-week high of $0.76 and despite the pull-back in price earlier this morning, shares have recovered during mid day trading activity to price levels around $0.55.
Globus Maritime Limited (NASDAQ: GLBS) has continued its climb that began yesterday morning (5/19). The stock has now made new highs of $0.84. This is more than 160% higher than where the stock closed on Wednesday afternoon.
Globus is an integrated dry bulk shipping company that provides marine transportation services worldwide and presently owns, operates and manages a fleet of dry bulk vessels that transport iron ore, coal, grain, steel products, cement, alumina and other dry bulk cargoes internationally.
Ocean Rig UDW Inc. (NASDAQ: ORIG) is an international contractor of offshore deepwater drilling services. Yesterday the company released results from the first quarter of 2016. Highlights included $288 million in net income and adjusted EBITDA of $343 million for the first quarter of 2016. Revenues increased by $105.9 million to $508.0 million for the three-month period ended March 31, 2016, as compared to $402.1 million for the same period in 2015.
As a result, there has been a positive reaction in the market as shares have increased in price by as much as 38% from the previous day's closing price. ORIG has also seen one of its highest volume trading days ever with more than 11 million shares traded by the lunch hour.
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Disclosure: The information, opinions and analysis contained in this report are based on sources believed to be reliable, but no representation, expressed or implied, is made as to its accuracy, completeness or correctness. The opinions contained herein reflect our current judgment and are subject to change without notice. We do not accept any responsibility or liability for any losses, damages or costs arising from an investor's or other person's reliance on or use of this report. This report is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities, nor a recommendation of any security. Past gains are not representative of future gains. MIDAM VENTURES, LLC owner and operator of TechStockInsider.com was paid an advertising fee of $75,000 cash & ZERO Restricted Common shares by Life Clips, Inc. (LCLP) for visual sponsorship of TechStockInsider.com and for visual placement Life Clips, Inc. (LCLP) within written materials. FOR A DURATION OF 30 DAYS Beginning 5/4/2016. & ending 6/3/2016. Tech Stock Insider has not been compensated nor does it expect to receive any compensation for distribution of its opinions and publicly available information regarding, CLRB, GLBS, or ORIG in this investment opinion article at this time. The opinions contained herein contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements concerning manufacturing, marketing, growth, and expansion. When used herein, the words "anticipate," "intend," "estimate," "believe," "expect," "plans," "should," "potential," "forecast," and variations of such words and similar expressions are intended to identify forward-looking statements. Such forward-looking information involves important risks and uncertainties that could affect actual results and cause them to differ materially from expectations expressed herein. A company's actual results could differ materially from those described in any forward-looking statements contained herein. Tech Stock Insider is not a licensed broker, broker dealer, market maker, investment advisor, analyst or underwriter. We recommend that you use the information found herein as an initial starting point for conducting your own research in order to determine your own personal opinion of the companies discussed herein before deciding whether or not to invest. You should seek such investment, tax, financial, accounting or legal advice appropriate for your particular circumstances. Information about many publicly traded companies and other investor resources can be found at www.sec.gov. Investing in securities is speculative and carries risk. Please visit http://techstockinsider.com/content/terms-and-conditions-use/ website for a more detailed discussion of risks and disclosures.
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