On Thursday, the market managed to eke out gains yet again. This time, energy stocks led the charge.
Such a persistent bull run can make finding well-valued trading opportunities tricky. But NewsQuantified continues to find excellent stock plays in every market environment—that’s the beauty of a news-based trading approach.
West High Yield Resources announced the sale of three gold mining property holdings to Gryphon Enterprises on Thursday. In exchange for the Record Ridge South, Midnight, and O.K. mineral properties, WHYR will receive $750 million.
Investors piled into the stock, driving WHY_CDNX to some of the highest ever one-day gains recorded by the NewsQuantified platform: a whopping 450% at the time of this writing.
West High Yield is a Canadian mining exploration company focused on gold, nickel and magnesium development.
2. Inotek Pharmaceuticals (ITEK): jumps higher on news of a stake from an influential private equity firm.
Inotek jumped over 10% on Thursday after news broke that Adage Capital has a stake in the pharmaceutical firm. Pharmaceutical stocks continue to feature prominently among our Top Performers in the current market.
Adage Capital revealed their 5% stake in ITEK as part of a regulatory filing allowing them to take a more activist role on the Inotek Board.
Investors bought the stock heavily on the news. The confirmation of confidence from an established market player improved investors’ confidence in Inotek. Concurrently, the presence of a savvy finance firm on the board will provide vital product commercialization expertise at high management levels.
The stock jumped over 30% before settling at the 10% gain level; substantial upside may remain.
Kenergy Scientific dropped sharply on Thursday after announcing they were moving their corporate registration to the State of Wyoming.
They accompanied this announcement with other corporate updates, including news on the progressing acquisition of an unnamed rival.
Diverse Plays, Great Profits: All in a single news day.
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Today’s plays make the power of this news-based trading approach clear. No small investor could be expected to track all these companies, diverse across industry, market cap, and valuation. No small investor could be expected to rate dozens of world-class financial analysts.
Yet they were all at the top of a single easy to use dashboard in the NewsQuantified platform. We make it simple to find strong, diverse plays in any market environment.
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