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Positive News in The Biotech, Social Media, Financial & Cannabis Sectors Help the Market Towards New Highs

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CORAL GABLES, FL / ACCESSWIRE / April 23, 2019 / The stock market is on the verge of setting new record highs today April 23, 2019. Previous highs for the SPY from 2018 was $293.94 and today Tuesday 4/23/2019 the SPY has already hit highs of $293.14.

Positive sentiment surrounding global trade and the US economy overall have investors pulling no punches when it comes to buying stocks today. Even the "stubborn" healthcare and financial sectors are seeing positive price movement. The top-performing large-cap, mid-cap, small & micro-cap stocks have been disseminating favorable news, recently and investors appear to be paying attention.

Today we are highlighting: Akari Therapeutics, Plc (AKTX), Twitter Inc. (TWTR), Bank of America Corporation (BAC), Leafbuyer Technologies, Inc. (LBUY).

Akari Therapeutics, Plc (AKTX) (Market Cap: $65.409M) traded higher on Tuesday 4/23/2019 after making a big announcement. Akari Therapeutics announced positive Phase II Clinical Data in orphan skin disease Bullous Pemphigoid. Akari Therapeutics, Plc (AKTX)'s first (3) three patients in an ongoing clinical trial were diagnosed with Bullous Pemphigoid, which is a severe orphan inflammatory skin disease that is usually treated with steroids and immunosuppressants. These treatments come with adverse side effects and because of this, Akari is working to create a better treatment. Akari reported that in the first (3) three patients, there were no drug-related "adverse events."

Shares of (AKTX) moved to highs of $5.10 during premarket trading on 4/23/2019 and continue to maintain positive price levels above $4.00 per share.

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Twitter Inc. (TWTR) (Market Cap: $30.612B) reported strong earnings today, with Wall Street analysts anticipating the social media company to report earnings per share of $0.15. Twitter Inc. (TWTR) surpassed all expectations when their quarterly EPS came in at $0.37 and in addition to this their user growth continues to exceed expectations.

The street is showing their support for (TWTR) today on the back of their positive news. (TWTR) has seen a nice increase in price per share today to highs over $40.00. In-fact investors have not seen this price per share in the company since the summer of 2018.

We're delivering strong results with ad revenue up 18% year-over-year, demonstrating Twitter's unique value proposition for advertisers as the best place to launch something new or connect with what's happening," said Ned Segal, Twitter's CFO. "We've never been more confident in our strategy and execution and see a great opportunity to grow our audience and deliver even more value for advertisers.

"We're delivering strong results with ad revenue up 18% year-over-year, demonstrating Twitter's unique value proposition for advertisers as the best place to launch something new or connect with what's happening," said Ned Segal, Twitter's CFO. "We've never been more confident in our strategy and execution and see a great opportunity to grow our audience and deliver even more value for advertisers."

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Bank Of America Corporation (BAC) (Market Cap: $288.152B) joined the rest of the financial sector in a push toward new highs on Tuesday 4/23/2019. (BAC) announced its commitment to hire 10,000 people from low-income neighborhoods over the next 5 years, the Charlotte-based bank announced that it has hired 4,700 new employees over the last 18 months, all of these new (BAC) employees are individuals from low- and moderate-income communities.

Bank Of America Corporation (BAC) has also caught the attention of marijuana stock investors. A recent series of analyst coverage and buy ratings have the bank being favored by the cannabis community. Companies like Aurora Cannabis, Canopy Growth, and Cronos Group obtained mostly positive coverage from Bank of America analysts.

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Leafbuyer Technologies (LBUY) (Market Cap: $49.368M) announced on Tuesday 4/23/2019 that it had launched a delivery feature on its mobile application. (LBUY) will launch a beta version of its app this week with dispensaries. States like California, Arizona, Nevada, and Washington are now able to add delivery to their list of offerings through the Leafbuyer "Greenlight" mobile app.

This news comes on the heels of another strong quarter for the company. Leafbuyer booked a 36% cash sales growth in its last quarter. This increase comes after reporting record sales growth for the quarter ended December 31, 2018.

With a full-scale rollout of the delivery technology slated for May, Leafbuyer management is expecting to further expand its reach. "We'll be able to penetrate thousands of new dispensaries and delivery companies in legal markets by offering this delivery solution. Leafbuyer will not physically deliver the products, rather we will hand off the 'last mile' to our delivery and dispensary partners," said Kurt Rossner, CEO of Leafbuyer.

MarijuanaStocks.com has recently re-initiated coverage on Leafbuyer Technologies (LBUY). Their full (LBUY) profile can be found here.

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Legal Disclaimer

Except for the historical information presented herein, matters discussed in this article contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. MAPH Enterprises LLC which owns MarijuanaStocks.com is not registered with any financial or securities regulatory authority and does not provide nor claims to provide investment advice or recommendations to readers of this release.

MAPH Enterprises LLC, which owns MarijuanaStocks.com, may from time to time have a position in the securities mentioned herein and may increase or decrease such positions without notice. For making specific investment decisions, readers should seek their own advice. MAPH Enterprises LLC, which owns MarijuanaStocks.com, may be compensated for its services in the form of cash-based compensation or equity securities in the companies it writes about, or a combination of the two.

Pursuant to an agreement between an affiliate of MAPH Enterprises, LLC (owners of MarijuanaStocks.com), Midam Ventures LLC and Leafbuyer Technologies Inc., Midam has been compensated an additional $100,000 by Leafbuyer Technologies for a period of coverage from April 12, 2019, to June 12, 2019.

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SOURCE: MarijuanaStocks.com




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https://www.accesswire.com/542712/Positive-News-in-The-Biotech-Social-Media-Financial-Cannabis-Sectors-Help-the-Market-Towards-New-Highs