Good day everyone. We got an increase in CPI this morning (Consumer
Price Index) of .2% for April after a .3% decline in March. The index
for all items less food and energy rose 0.1% in April after declining
0.1% in March. This may finally start to reflect the early stages of
reflation – especially after yesterday’s PPI (Producer Price Index) rise
of .5% for April after a .1% decline in March.
One month does not a trend make, but considering how PPI and CPI have been over the last few months, we suspect yesterday and today’s anticipated data is what helped the markets move higher by day’s end yesterday. The move was not only impressive, it once again proved naysayers can’t simply jump in front of any short-term weakness.
The daily chart of the NASDAQ Composite here is a perfect example of what took place by day’s end yesterday. As you can see, the index moved lower for the good part of the day, only to come roaring back by day’s end. However, you can also see the index still made a lower high when compared to the previous two days of trading activity. Yet, the index still has every right to buck the series of lower highs as soon as today. We’ll see.
In the meantime, we’ve got a brand new trading idea, one we’re actually pretty excited about. It doesn’t come without some risk, but this is precisely the type of play that could end up being a nice little homerun someday. And, based on what we just heard from the Company, we could be entering into this specific idea at the right inflection point.
Energous Corporation (WATT) is the developer of WattUp(R)-an award-winning, wire-free charging technology that will transform the way consumers and industries charge and power electronic devices at home, in the office, in the car and beyond. Read our report on WATT here.
It’s a revolutionary radio frequency (RF) based charging solution that delivers intelligent, scalable power via radio bands, similar to a Wi-Fi router. WattUp differs from older wireless charging systems in that it delivers power at a distance, to multiple devices – thus resulting in a wire-free experience that saves users from having to plug in their devices.
Basically, if Energous’ proprietary technology receives massive adoption, it’s going to change the mobile device world forever. We all know everyone’s technical lifeblood these days is dependent on a mobile phone charge. Looking for a plug-in somewhere, fighting over iPhone charger chords. You name it. Lose a charge, and everyone from kids to their parents are freaking out.
Although the Company is expected to continue to lose money into the foreseeable future, if its technology gains adoption, and more importantly its potential growth starts to take hold, its current share price of just over $15 per share may end up being a gift at some point down the road.
A pure small cap play with a market cap of $317M, Energous has over $31M in cash on the books and no debt. There’s no question its next several quarters are likely to chew away at its cash reserves, unless of course Management’s revenue and earnings projections start to take hold.
One month does not a trend make, but considering how PPI and CPI have been over the last few months, we suspect yesterday and today’s anticipated data is what helped the markets move higher by day’s end yesterday. The move was not only impressive, it once again proved naysayers can’t simply jump in front of any short-term weakness.
The daily chart of the NASDAQ Composite here is a perfect example of what took place by day’s end yesterday. As you can see, the index moved lower for the good part of the day, only to come roaring back by day’s end. However, you can also see the index still made a lower high when compared to the previous two days of trading activity. Yet, the index still has every right to buck the series of lower highs as soon as today. We’ll see.
In the meantime, we’ve got a brand new trading idea, one we’re actually pretty excited about. It doesn’t come without some risk, but this is precisely the type of play that could end up being a nice little homerun someday. And, based on what we just heard from the Company, we could be entering into this specific idea at the right inflection point.
Energous Corporation (WATT) is the developer of WattUp(R)-an award-winning, wire-free charging technology that will transform the way consumers and industries charge and power electronic devices at home, in the office, in the car and beyond. Read our report on WATT here.
It’s a revolutionary radio frequency (RF) based charging solution that delivers intelligent, scalable power via radio bands, similar to a Wi-Fi router. WattUp differs from older wireless charging systems in that it delivers power at a distance, to multiple devices – thus resulting in a wire-free experience that saves users from having to plug in their devices.
Basically, if Energous’ proprietary technology receives massive adoption, it’s going to change the mobile device world forever. We all know everyone’s technical lifeblood these days is dependent on a mobile phone charge. Looking for a plug-in somewhere, fighting over iPhone charger chords. You name it. Lose a charge, and everyone from kids to their parents are freaking out.
Although the Company is expected to continue to lose money into the foreseeable future, if its technology gains adoption, and more importantly its potential growth starts to take hold, its current share price of just over $15 per share may end up being a gift at some point down the road.
A pure small cap play with a market cap of $317M, Energous has over $31M in cash on the books and no debt. There’s no question its next several quarters are likely to chew away at its cash reserves, unless of course Management’s revenue and earnings projections start to take hold.
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