Investors often keep focused on the most consistent plays, when times of renewed uncertainty rears its head in the markets.
The recent wave of uncertainty follows the earlier wave, both caused by the U.S. debt ceiling deal and worries over an impending recession.
But while small-cap investors focused on shaky financial stocks, last week some unlikely names shook up discussions on the Bullboards. Let’s dive into some of the newer names claiming their stake on the most-viewed company charts.
Starting tomorrow, top health care firms will converge or the biggest cancer conference in the world.
The 2023 American Society of Clinical Oncology (ASCO) will see a return of in-person attendance with 40,000 people already registered.
Presentations are set from some of the biotech sector’s most notable names.
The new research insights highlight innovations in genetic testing in a variety of clinical settings, population groups and cancer types, and reinforce the need to reduce barriers to genetic services to help patients receive the most effective care and monitoring.
Source: Oncolytics Biotech Inc.
Oncolytics Biotech Inc. (TSX:ONC) announced that positive results from BRACELET-1, a randomized phase 2 trial in HR+/HER2- metastatic breast cancer will be presented at ASCO.
The BRACELET-1 (BReast cAnCEr with the Oncolytic Reovirus PeLareorEp in CombinaTion with anti-PD-L1 and Paclitaxel) is an open-label, phase 2, randomized study in patients with HR+/HER2-, endocrine-refractory metastatic breast cancer being conducted under a co-development agreement with Pfizer Inc. (NYSE:PFE) and Merck KGaA, Darmstadt, Germany. The ASCO annual meeting will be held in Chicago until June 6th.
Sintana Energy Inc. (TSXV:SEI) confirmed that a subsidiary of Galp Energia has signed a contract with SFL Corp. for the semi-submersible rig “Hercules”.
Galp is the operator of Petroleum Exploration License 83 (PEL 83) in Namibia’s Orange Basin. Galp holds an 80 per cent interest and its partners include the National Petroleum Company of Namibia with 10 per cent and Custos Investments (Pty) Ltd. with 10 per cent. Sintana has a 49 per cent indirect interest in Custos.
Source: Sintana Energy Inc.
The contract is for two wells plus optional well testing.
The drilling program, including mobilization, is projected to commence in Q4 2023.
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Finally, Star Navigation Systems Group Ltd. (CSE:SNA) has launched its Star Digital Twin flight data tracker.
The device provides real-time in-flight analysis through artificial intelligence (AI) to produce a live 3D virtual model of an operating aircraft, including engine performance, fuel consumption, structural integrity, and machine learning-based pattern and trend identification.
Benefits include enhanced operational efficiency, safety, and overall customer experience, as well as actionable insights for regulators. It has filed to patent the device in the U.S. and Canada.
Source: Star Navigation Systems Group Ltd.
“The inspiration for an operational aircraft digital twin technology came from widely used use-cases such as operational models in oil & gas, simulation of engine manufacturing and IoT technology,” stated Anoop Brar, Interim CEO. “Participants at the AFRAA Conference were thrilled to learn about the futuristic technology and its potential to digitally transform the aviation industry. The Digital Twin is a game-changer, allowing airlines to remotely access an unprecedented level of information about their aircraft while in flight.”
With small-cap stocks more volatile than large caps, this will test the resolve of small-cap investors like never before.
Disconnects between value and price will continue to become more extreme. The “momentum” that many investors/traders have relied upon to fuel gains in recent years will become increasingly capricious. In short, for many investors, “value investing” is back.
Look for undervalued stocks, and then strap yourselves in for what will be (in many cases) a long and wild ride. And as these stocks rise and fall, the Bullboards remain your best destination to exchange information and ideas with other investors.
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