The markets finally broke their recent hot streak on Friday, with most major indexes unable to overcome early morning losses. The NASDAQ barely managed to post a small gain.
Our recent Top Performers continue to center on long plays, positive news events that held up individual stock prices even as the broader market fell. Poor macroeconomic indicators seemed to drive today’s fall.
Today, we review the entire week for impressive news-based opportunities that didn’t make into our daily Top Performer updates.
On Friday, Kange Corporation issued a corporate update revealing they are exploring an LOI to acquire the technology and assets of Evolution/AI Corporation. Evolution/AI owns substantial technologies in the AI/ “ultrarealistic digital human” space. Their technology was behind recent high profile public holograms of Tupac and Michael Jackson—virtually performing onstage after their death.
Investors piled into the stock, driving KGNR to gains over 100% at the time of this writing. Based in Estonia, Kange Corporation is a development stage company focusing on mobile software products.
On Monday, Advanced Defense Technologies announced their acquisition of Star Jets International. Star Jets is a leading private plane brokerage and booker, providing the benefits of private corporate jets without the “burden of ownership.”
This news led the stock to a roller-coaster week: ADCD gained nearly 300% before consolidating at gains around 80% by Friday.
Advanced Defense develops technologies for a wide variety of defense applications. They will be operating Star Jets as a publicly owned subsidiary.
Santo Mining Corp has truly rocketed up since announcing plans to create a Bitcoin “pool” on Monday: it is currently sitting up over 300%, after flirting with 500% gains midweek. SANP, a Dominican minerals mining company, will combine its Podwerks subsidiary with the company Canoe Pool to create a new bitcoin mining unit.
SANP is our second Top Performer this week associated with a digital currency implementation: investors continue to be optimistic about blockchain technology.
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