Posted on May 13, 2022 by Scott Shuda
Yikes, Friday the 13th. Fitting, since this year has been a horror show. There’s been plenty of falling knives.
If you want to see scary, check out the Fear and Greed gauge Aaron Neuhauser posted on the Feed – it’s as far in the red as possible.
Hopefully like most horror movies, just when everything looks really dark and scary something good happens. I offer up this sliver of daylight from (ironically) someone named Jason – Jason Goepart, Sundial Capital Research @jasongoepfert:
“Today, more than 29% of issues on the NYSE have hit a 52-week low. On the Nasdaq, it’s more than 33%.
“There have been only 18 similar days since 1984.
“The S&P 500 showed a loss a year later once, for -0.2%. Its median return was +32.0%.”
(Cue the chainsaw. Hopefully it’s coming after the bears.)
According to Breakout Investor Ashleigh Day, “WELL Health (WLYYF) guided to $500M in revs next year, more than 10% above my model in the research tab.”
Assertio (ASRT), featured on Tuesday, finished up 16% on volume of 1.5M. That’s three consecutive up days.
Shockwave Medical (SWAV), mentioned yesterday, bucked the trend again, ending up 6.5%. Undoubtedly their breakthrough non-invasive coronary catheter used to treat calcified arteries with vibrating “shock waves” will one day save someone’s life who is reading this now.
Inuvo (INUV) headline: Revenue Increases 75% to $18.6 Million for the First Quarter of 2022. “We remain on track to achieve positive adjusted EBITDA for the full year. With over $9.0 million of cash and marketable securities and no debt, we are well positioned to internally fund our growth and look forward to driving significant value for shareholders.” On the Feed Florian Buschek helps out with notes from the conference call.
Food prices have increased 17 months in a row.
“People want to know why I do this, why I write such gross stuff. I like to tell them I have the heart of a small boy… and I keep it in a jar on my desk.” – STEPHEN KING
Good luck to all. – Chris.
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