Top 4 Tech And Telecom Stocks That May Rocket Higher This Quarter
Portfolio Pulse from Lisa Levin
The article lists four oversold stocks in the communication services sector that may perform well in the short term. These include LQR House Inc. (NASDAQ:LQR), which announced a strategic partnership with Cannon Estate Winery for expanded Canadian distribution, Lytus Technologies Holdings PTV. Ltd. (NASDAQ:LYT), which disclosed the set up and launch of LYTUS STUDIOS in the USA, Grom Social Enterprises, Inc. (NASDAQ:GROM), which priced a $3 million offering, and Cuentas Inc. (NASDAQ:CUEN), which saw its stock fall 28% over the past month.
September 29, 2023 | 12:51 pm
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POSITIVE IMPACT
Cuentas Inc.'s stock fell 28% over the past month, indicating it may be undervalued and could rebound.
Stocks that have fallen significantly can often rebound if they are undervalued, which could positively impact CUEN's stock price.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Grom Social priced a $3 million offering, which could provide it with the necessary capital to improve its performance.
Capital offerings can often provide companies with the necessary funds to invest in growth opportunities, which could positively impact GROM's stock price.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
LQR House announced a strategic partnership for expanded Canadian distribution, which could boost its performance.
Strategic partnerships can often lead to increased market reach and revenue, which could positively impact LQR's stock price.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Lytus Technologies launched LYTUS STUDIOS in the USA, which could enhance its offerings and performance.
New product or service launches can often lead to increased revenue and customer base, which could positively impact LYT's stock price.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100