Greenridge Says STAF Has a 127% Upside From Its Current Price

Aug 5, 2021

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06:28 PM PST

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Good Wednesday morning, one and all. Yes, it's another morning edition of the SCN newsletter, because waiting until the end of the day to deliver this news might be too late.


We noticed this morning one of our Featured Stocks recently attracted the attention of another small-cap research outfit, which pegged a target price on the stock that's a cool 127% higher than the closing price from Tuesday. If this doesn't get the market's attention, I don't know what will.


Remember Staffing 360 Solutions (STAF)? I'm willing to bet most of you do. This is the little IT staffing company we first started to keep tabs on back in mid-2014 when it announced its plans to grow its top line to $300 million in revenue per year. That was quite a big leap from the $17 million worth of business it had generated the quarter before we began our coverage. But, given how the top line has grown in the meantime, we have little doubt it'll get to that mark in the near future. For perspective, earlier this month the company pre-announced it did $43 million worth of business last quarter. That's an annualized revenue rate of about $170 million, and it's still growing.

Can We Trust Tuesday's Bullishness?

Jul 9, 2020

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01:13 PM PST

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Let me get this straight... the only thing the would-be bulls needed to hear from the Fed was that it was going to hold off on rate hikes until it absolutely had to impose them? Well heck. I could have told you several weeks ago that was the way things were going to be this year. In fact, I think I did say that a few weeks ago.


Whatever the case, traders liked what they thought Janet Yellen said today (more on that in a moment), and sent stocks up and into some key resistance levels. The market didn't clear all of its technical ceilings, but it took a pretty decent bite out of them. There's just a little bit more distance to travel before the indices officially enter breakout territory.


The question is, do we trust today's move as a bullish omen?

Traders Start Believing the Fed, and That's Just What the Doctor Ordered

Jul 9, 2020

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01:13 PM PST

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Good Monday afternoon/evening, everyone. How was your long weekend? We hope it was good however you celebrated it, but it's time to get back in the saddle, so.... giddyup.


Yields Roll Over, and That's a Good Thing


I meant to do this a couple of weeks ago but just couldn't find time to squeeze it in. It worked out for the best though, because it didn't become relevant again until today.

Our Prediction About Apple Was Right... Unfortunately

Jul 9, 2020

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01:13 PM PST

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Welcome to the weekend, one and all, and a three-day weekend at that! As a reminder, we won't be publishing a newsletter tomorrow - Friday - because markets are closed and there won't be anything to talk about. I'm sure we'll have plenty to talk about on Monday though, with terrorism, the presidential election process, and economic uncertainty all kicking up a dust cloud this week.


Before we get to today's main event I want to share with you something recently passed along by one of the Elite Opportunity subscribers. Robert wrote of the service:


Is Robert Kiyosaki Right About a 2016 Market Meltdown? Here's Our Take.

Jul 9, 2020

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01:13 PM PST

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Happy hump-day, friends and fellow traders. Well, maybe Wednesday wasn't hump day in the sense of it being the middle of the work/trading week, as markets are closed on Friday in observance of Good Friday; we're well past the halfway point of the trading week.


Again, we won't be publishing anything on Friday. We will be publishing a newsletter on Thursday and Monday though.


Anyway, we've got a handful of things to get through today, starting with a response to something Robert Kiyosaki - the guy who wrote "Rich Dad, Poor Dad" - has rekindled of late that he first suggested would happen this year as far back as 2002.

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