This week cannot be said to be Wall Street’s finest week of 2015 as the hangover from the Street’s worst day of 2015 recently closed down -350 points in a single session. Today, we grabbed back some of those losses while able to close up +23.16 points on the DJI Index but still closing out weak at 17,619.51. The Greece debacle is not helping anyone’s matters whatsoever leaving stocks like NBG plummeting recently. The Russell Index also has crossed into bearish territory leaving many analysts calling for a major market correction.
Some stocks, however, have been performing well while others have been left in the dust. Twitter (NYSE:TWTR) was given a strong buy today and the stock flew up nearly 6% to the positive closing the day out at $36.24 also as new M&A rumors are swirling. Many, however, still maintain the position that the stock must be sold. Other Blue Chip stocks such as Hershey, (NYSE:HSY) saw a nice pop today, up over 1% closing the session at $88.81 but nearing fresh 52-week lows again. The stock has been in what appears to be a slump and many analyst have downgraded and cut their forecast on the chocolate giant due to shrinking revenue and corporate profits uncertain of what the market future will bring.
In the oil sector, stocks like Suncor Energy, (NYSE:SU) have nearing 52-week lows as well, closing the session out at $27.52 not far from its $26.56 52-week low. Oil has been a speculative play leaving investors and traders uncertain of its volatile future. However, T.Boone Pickens was recently on FoxBusiness stating American Oil/Energy is the place to be, leaving many investors thrilled and excited to jump into the oil market.
The Marijuana Penny Stock Market has been heating up slightly with some unusual activity in certain stocks. The MaryJane Group (OTC:MJMJ) for instance has been a stock that has seen some slow growth over the past Quarter-to-Quarter but overall has been sluggish. The company is in the process of reporting several new facilities that have opened for their Bud-N-Breakfasts in Colorado and are working the corporate structure what seems like daily. American Green (OTC:ERBB) is another stock that has recently dipped down to unprecedented levels leaving some smart investors drooling for an opportunity to jump in at these levels. The stock closed out the session today at .0041, very close to its 52-week low and very far away from it’s recent run up tagging nearly .15 cent levels. Investors and Traders appear to be very interested in this stock and we are watching it closely. Cannabis Science, Inc. (OTC:CBIS), Hemp, Inc., (OTC:HEMP) and Medical Marijuana, Inc. (OTC:MJNA) are other companies which we’re watching closely as well.
Some sub-penny stocks with some serious action recently that we are keeping an eye on going into Q3 are TBEV which recently flew over .0011 and now rests near .0005. THNS is another which currently sits near a penny but recently struck .035+ cents running over close to 500% in a single session.
Notable mentions starting Q3 on an interesting note are as follows: VRCI, MDCN, AFPW, AQUM, SRGE, ELAY, FWDG, FUTL, LGBI, SFOR, STBVD, SUTI, and VPOR.
Q3 historically can be a very active and interesting time of the year. We will be watching it closely out of the gate and keep our viewers posted. Best of luck in your investing/trading endeavors and, as always, should you wish to discuss anything feel free to reach us at MarketMonitors911@Gmail.com.