Rate Hike Woes Have Eyes Turned Toward Bullish Investors

The impending rate hike has been staved off recently as fears of a market meltdown emerged should the Fed have decided to prematurely raise interest rates. Some analysts however have noted that the recent sell-off in the market may have subsided, opening up doors not only to a rally but also to possibly build enough confidence to support that once feared hike. Analysts like Dan Suzuki, equity strategist at Bank of America Merrill Lynch support this train of thought. In a statement to Patti Domm of Market Insider, Suzuki states, “With the market (S&P 500) getting closer to 2,000 and the VIX levels getting closer to 20, I think that increases the likelihood the Fed is going to hike.”

With optimism driving analysts like this to support the rate hike amidst a possible market reversal, many segments of the market have felt the sentiment echo. Many penny stocks have also bucked this trend with stocks like Coastal Integrated Services, Inc. (COLV), EQ Labs, Inc. (EQLB), and mCig, Inc. (MCIG) beginning to see resonance of increased market activity and price movement during recent trading sessions.

Coastal Integrated Services, Inc. (COLV) has seen more of a leveling out in price on relatively light volume over recent weeks. Price has held a channel between $0.011 to highs of $0.0199. Tuesday the stock closed at $0.015.

Earlier this year, the company announced that its wholly owned subsidiary, Simply Lids was requested to quote pricing to supply 2.5 billion lids annually. John Newman, President of COLV stated, “After recent validation in our efforts to produce the safest and most functional beverage lid, the food and drink industry has taken notice. This opportunity to quote our lid is the ultimate compliment and is the beginning in a series of stages to becoming the leader in this multi-billion dollar sector.”

EQ Labs, Inc (EQLB) is a beverage-company that specializes in energy drinks. The company’s product, Gingko Biloba, is a special mixture of important vitamins and caffeine that will keep you energized whenever taken. Timbaland stated “[We] have been working diligently on this new partnership for almost a year and it’s a blessing to be introducing Last Shot 3 In 1 Hangover Protection Cold Beverage to the North American market. I am ecstatic to be EQ Labs new business partner. I would like to thank Michelle Dennis for her hard work, as liaison, in putting this deal together.” For the last thirty days, EQLB has been trading sideways between $0.0011 and $0.0006. On Monday morning, EQ Labs, Inc reported that they have signed a deal with Grammy-winning artist, Timbaland. EQLB opened Tuesday morning at $0.0038 and rose 77.14% to $0.0065 and was trading with a volume of 68,893,362 at 3:20 pm.

mCig, Inc. (MCIG) is a company that is focused on trying to lead the market in technology, products, and services specifically for medical and recreational marijuana. On Monday morning, the company released news noting a positive cash flow. mCig’s revenue was $369,093. Just last year at the same time, the company’s revenue was $107,446, noting a 240% rise. Paul Rosenberg, CEO of mCig, stated, “We have now emerged with a stronger business model, clean balance sheet, and virtually no liabilities or debt. All this was achieved while maintaining our core principle of not taking on toxic debt instruments to finance the Company. We are excited for the many initiatives we have in place by all of the new brands that we are adding to our distribution model, and for the progress with our Grow Division.” Over the last month, MCIG has seen a 99.6% increased from $0.025 to $0.0499.

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