Dan Passarelli, CEO - Market Taker Mentoring

⇐click the image to view the video 

In some videos last week, especially towards the end of the week, it was pointed out that this should probably be a fairly quiet week. So far, it's shaping up to be, so who knows, we could get surprised.

But the S&P 500 towards the end of the day here is looking up about a little under half a percent. It was suggested that we look for some individual opportunities.

Here's one that Dan thinks is a little bit interesting. This is a stock that Dan talked about a while back in some of our classes. It's called Vicasa [VCSA] and it's been kind of dormant for a while. Been hanging out in that two and $3 range for a couple of months. But a couple of interesting things happened over the past few days.

First of all, in the video, if we go to the news, we'll see that Openheimer adjusted the price target from seven. JMP Securities adjusted to $7 from $6.50. And even Goldman Sachs adjusted to $6 from $5.50. So that's three analyst upgrades within just a couple day period. Also it's a newer company. The quarter before last they lost like thirteen cents and this quarter they turned a profit.

For such a young company, it was a SPAC. We can see that they must have gone public right around here the end of November. For such a young company, going public to here's their first public announcement of earnings. All of a sudden, being able to turn a profit is pretty impressive. And why is that? It's basically because they can post positive earnings whenever they want. That sounds like a pretty profound statement to make about a company.

Dan watched an interview and they said that their financials were pretty solid and that they were just simply planning on reinvesting all their profits and pursuing an aggressive growth strategy. So it looks like maybe with the economy or something, they scaled back just a little bit on some of their costs and are just letting the revenue come in and ended up turning a profit here. So it's a pretty strong company. It's had a pretty strong three days and I think it's a good one to take a look at and watch.

I hope that helps.