Watchlist 12/11/2017

STOCKS IN THIS WATCHLIST ARE GENERALLY GEARED TOWARDS SWING TRADING BUT CAN ALSO BE USED FOR DAY OR LONG TRADES.  STOCKS ARE EITHER TRENDING TOWARDS A BULLISH TECHNICAL CHART OR CURRENTLY IN ONE.  ANY TECHNICAL ANALYSIS IS PROVIDED IN THE ACCOMPANYING CHARTS.  PLEASE DO YOUR OWN DUE DILIGENCE BEFORE INVESTING IN THESE STOCKS. (The Shares Float is based on figures from FinViz.Com or wsj.com).

Stocks highlighted in this watchlist:  $GRAM, $QURE, $FCEL, XXII

GRAM: Float of 101.75 million shares with 0.27% short.  

The substantial decrease in stock price over the past month has been due to an investigation of GRAM for alleged involvement in bribes paid to a former president by its Brazilian partner Odebrecht.  

I believe we have seen the bottom of the share price and expect it to go back up as investigation continus.

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QURE: Float of 24.14 million shares with 3.14% short.

QURE Announces Presentation of Non-Clinical Data of AMT-061 at the 59th American Society of Hematology (ASH) Annual Meeting over the weekend.  Non-human primate study of AMT-061 utilizing FIX-Padua shows 6.5-fold increase in FIX clotting activity compared to AMT-060.  Data supports nonclinical comparability plan agreed upon with FDA.  

“These data establish that AMT-061 is well-tolerated and provides a substantial increase in FIX activity compared to AMT-060, consistent with the gain-of-function reported in previous preclinical studies of FIX-Padua,” stated Sander van Deventer, M.D., Ph.D., chief scientific officer of uniQure.

 

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FCEL: Float of 63.6 million shares with 12.87% short.

FuelCell Energy Inc. FCEL recently inked an agreement to sell renewable hydrogen to Toyota Motor Corp. TM. This tie-up, better known as hydrogen and power off-take agreement, is in line with FuelCell’s strategy to actively market its distributed hydrogen technology. This will offer a hydrogen fueling solution for fuel cell vehicles like that of Toyota and in turn expand FuelCell Energy’s business.

Per the terms of the deal, FuelCell Energy will install a multi-megawatt SureSource fuel cell power plant at the Port of Long Beach in California. Once operational, this plant will produce 100% renewable hydrogen which will fuel Toyota’s Mirai fuel cell electric vehicles (FCEVs) as well as Heavy Duty hydrogen fuel cell class 8 trucks (Project Portal).  In California, Governor Jerry Brown announced plans to make 100,000 zero-emission freight-hauling machines operational by 2030, under his California Sustainable Freight Action Plan (according to Bloomberg). This in turn has boosted the market for fuel cell energy in the state.

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XXII: Float of 106.37 million shares with 7.98% short.

Motley Fool names XXII as one of the top 3 stocks under $10.  

It's been a great year for 22nd Century Group. The stock has more than doubled year to date and at one point had almost tripled, making 22nd Century Group the hottest marijuana stock on the market at the time. However, a stock offering in October resulted in a significant pullback, with 22nd Century Group shares now trading at less than $2.50.

22nd Century Group is classified by many as a marijuana stock because the company has genetically engineered cannabis plants to contain no THC, which is the primary psychoactive chemical in marijuana. However, its main product is tobacco that's genetically engineered to contain very low levels of nicotine.

In July, the U.S. Food and Drug Administration announced plans to reduce tobacco-related disease and death. Those plans included a requirement that tobacco companies lower nicotine levels in cigarettes to non-addictive levels. 22nd Century Group, at least for now, is the only company with the capability to grow tobacco with nicotine levels low enough to be non-addictive.

If the FDA's plans are put into effect, 22nd Century Group stock should resume its huge momentum from earlier in 2017. There's also the possibility that the company could link up with one or more big tobacco companies even before any regulatory changes are enacted, which could also be a major catalyst for the stock.

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