Good morning from the Stock Market Revolution! Today, stock futures are trending higher after getting to know that the US House impeached Trump for the second time in 13 months. Below you can read what, I believe, is the most relevant text approved by the US House of Representatives:
With the current political situation in the United States in mind, I see the USD falling strongly against AUD, EUR, and CAD. I cannot really tell when things will go back to normal, and USD will recover its losses. However, the USD is doing better than JPY, CHF, and GBP. It makes me wonder whether the pull back in the USD has already started.
Investors are closely following Nano Dimension (NNDM), which announced a $332.5 million offering of ADS at $9.5. The company expects to use the funds for working capital, and possible business combination transactions. The share price may follow sharply today. However, I believe that long term investors will like the announcement. Note that with an acquisition, NNDM will most likely deliver additional business growth.
BIOLASE, Inc. (NASDAQ: BIOL) sees its share price going up because of a new agreement with Dental Care Alliance (DCA). The company expects the adoption of its new technology to happen in 2021. In that case scenario, I would expect sales expectations to increase soon. Stay tuned because BIOL’s share price may increase even more today:
Another company delivering good news is Sundial Growers Inc. (Nasdaq: SNDL). Very recently, the management decided to produce a new line of products. The market appears to be celebrating the announcement, so let’s closely follow SNDL’s stock price. Remember that more products means additional sales for SNDL. Market usually pushes up the valuation of companies delivering additional sales.
Finally, the share price of PolarityTE, Inc. (Nasdaq: PTE) has also gone wild. The company very recently announced an agreement with an investor who is about to acquire PTE’s equity. The company expects to receive a total sum of $10 million and is currently selling shares at $1.10: