Venture capitalists have sometimes made questionable investments in the past.
But they’ve also made some of the biggest investments in the past.
Think companies like Uber, Airbnb … these are businesses that really started from nothing.
And that’s something we’re seeing right now with blockchain companies.
So, today, I want to talk to you about blockchain, and why you can’t afford to ignore it.
(If you’d prefer to read a transcript, click here.)
Regards,
Steve Fernandez
Research Analyst, Strategic Fortunes
Morning Movers
From open till noon Eastern time.
Epam Systems Inc. (NYSE: EPAM) provides digital platform engineering and software development services worldwide. The stock rose 13% after the company said it has started the process of exiting its operations in Russia.
Nurix Therapeutics Inc. (Nasdaq: NRIX) discovers and develops small molecule therapies for the treatment of cancer and immune disorders. The stock is up 13% after the company provided a business update for the first quarter showing clinical and regulatory advances in each of its drug programs.
WD-40 Co. (Nasdaq: WDFC) develops and sells maintenance products, and homecare and cleaning products. It is up 11% after the company reported results for the second quarter that managed to beat both earnings and revenue expectations.
Aterian Inc. (Nasdaq: ATER) provides a software technology platform that uses machine learning and data analytics to design, market and sell products. The stock is up 11% after the company got some positive attention from investors after being featured in the Financial Times.
Blue Water Vaccines Inc. (Nasdaq: BWV) engages in the research and development of vaccines to prevent infectious diseases. The stock is up 11% on a rebound following an 82% drop Thursday. There is no news to report; rather, it is continuing the volatile pattern it started since its IPO.
Atlantia SpA (OTC: ATASF) engages in the construction and operation of motorways, airports and transport infrastructure, parking areas and intermodal systems. The stock is up 10% on the news that investment firm Blackstone could launch a buyout bid for the company in the coming weeks.
Paysafe Ltd. (NYSE: PSFE) provides digital commerce solutions to online businesses, small and medium-sized merchants, and consumers. It is up 9% this morning after the company announced a new CEO and reaffirmed its first-quarter and full-year guidance.
Euronav NV (NYSE: EURN) engages in the ocean transportation and storage of crude oil worldwide. It is up 8% on the news that it is merging with rival Frontline in a $4.2 billion deal to create the world’s biggest oil tanker fleet.
Sibanye Stillwater Ltd. (NYSE: SBSW) operates as a precious metals mining company in South Africa, the U.S., Zimbabwe, Canada and Argentina. It is one of the precious metals stocks that is up 7% today thanks to the run-up in gold prices.
PriceSmart Inc. (Nasdaq: PSMT) owns and operates membership-style shopping warehouse clubs in the U.S., Central America, the Caribbean and Colombia. The stock is up 7% after the company delivered record second-quarter results thanks to strong growth in its membership base.