August 10, 2022

As the trading week comes to an end, let us introduce you to some emerging stocks that have the potential to go on major runs in the near future. United Maritime Corporation (NASDAQ: USEA), Vertical Aerospace (NYSE: EVTL) and Rhythm Pharmaceuticals (NASDAQ: RYTM) all have significant catalysts that have already positively affected their stocks values. 

If you didn’t catch those run ups from the beginning, sign up to our alerts and you will never miss another one!

#1 Hot Emerging Stocks : USEA

With its stock skyrocketing 175%, United Maritime Corporation (NASDAQ: USEA) made headlines yesterday. The international shipping company focuses its efforts on providing worldwide seaborne transportation services. 

United Maritime has been on investors’ radar since the beginning of the month. On July 6th the company announced it successfully finalized its spin-off from the globally renowned maritime company –  Seanergy Maritime Holdings Corp. – and immediately commenced trading in the NASDAQ market under the ticker symbol of USEA.

 

Already proving to be a reliable investment, on the 11th of July United Maritime stated that it is entering into a number of agreements with unaffiliated third parties. Under the terms of the agreements, the company will purchase a fleet of four tanker vessels, consisting of two South Korean Aframax oil tankers and two Chinese LR2 product tankers. 

The purchase price for all the vessels is approximately $79.5 million and the company is planning on covering it with cash on hand and proceeds from committed credit facilities. These agreements are a significant milestone for United Maritime as it starts to diversify its portfolio. On that note, the company’s CEO – Stamatis Tsantanis – stated that 

We are very pleased to announce this initial milestone transaction for United, which marks the company’s diversification into petroleum oil tankers and grows our fleet to almost 620,000 DWT. We expect this to prove a highly accretive acquisition for the company considering the recent appreciation in tanker values.

Emerging Stocks USEA

Following a 175.91% increase in stock value, USEA is currently being traded at $5.93 with a strong support around 2.22. The stock has a primary resistance of 6.87 as well as a secondary one near 9.64.

USEA Stock

Accumulation has been steadily increasing, meanwhile the MACD is on a bullish crossover. RSI is at 63 indicating that the stock is slightly overbought at the moment. 

#2 Hot Emerging Stocks : EVTL

The second stock to make our list today is Vertical Aerospace (NYSE: EVTL) with over a 72% increase. As a leading British electric vertical takeoff and landing manufacturer, EVTL uses cutting edge technology to design, manufacture and sell world-class zero operating emission aircraft.

Recently, the company announced its entrance into a strategic partnership with a leading high-power lithium-ion cells manufacturer – E-One Moli Energy Corp (Molicel). This agreement will allow EVTL to increase supply as the VX4 is brought into mass production. 

With the collaboration of EVTL and Molicel, VX4 will have high-performance cells and an optimized battery cell life cycle.

It is also worth mentioning that safety is also on top of the priority list for VX4 and to get the certification compliance journey is proving that the management of thermal runaway events.

Molicel and its high power cylindrical cell format is a key to establishing that. Commenting on that promising collaboration, EVTL’s CEO – Stephen Fitzpatrick – said that 

The future of electric aviation is dependent on safe, high-performance battery systems and fundamental to this is the battery cells themselves. That’s why I am delighted to be partnering with Molicel, producer of the world’s highest power cells. We couldn’t think of a better partner to bring the VX4 to market.

Emerging Stocks EVTL

The stock witnessed a 72.41% run up and is currently valued at $5.01 which serves as its new resistance. EVTL has a primary support around 3.46 with a secondary support near 2.82. 

EVTL Stock

MACD is on a recent bullish crossover with no signs of another crossover anytime soon and accumulation is trending upwards. However, the RSI is at 84 indicating that the stock is extremely overbought.

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#3 Hot Emerging Stocks : RYTM

Last but not least Rhythm Pharmaceuticals (NASDAQ: RYTM) is among the hottest emerging stocks that caught investors’ attention with almost a 25% increase. Previously at the start of the week the stock has witnessed an even larger run up of 42%. 

These major changes in the stock’s value happened upon the company announcing some promising results from a phase II study on its lead product candidate – setmelanotide. 

As a leading biotech company, Rhythm is developing setmelanotide to treat severe obesity and hyperphagia in people with hypothalamic obesity. Recently, the company announced that Phase 2 of its study resulted in over a 5% reduction in BMI from baseline inthe 11 evaluable patients, at 16 weeks, on setmelaotide therapy. 

 

Following the success of the phase 2 of the study, Rhythm is planning on proceeding to phase III clinical development. 

Emerging Stocks RYTM

Upon the news of the success of the study, the stock increased 24.36% and is currently being traded at $10.01 with a primary support nearing 7.89 and a secondary support around 4.09.

RYTM Stock

Most of the indicators are showing great signs, for instance the MACD is on a bullish crossover and accumulation is tremendously increasing. On the other hand RSI is at 81 indicating that the stock is overbought right now.

This run up might not be the best entry point however the stock has the potential to go on another run ups in the near future. 

Bottom Line

With the stock market having an overall bearish atmosphere it’s important to keep an eye on the emerging stocks. All the stocks we mentioned in this article have the potential to make you millions of dollars if you time your entries and exits!

As always, good luck to all (except the shorts)!

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Disclosure: We have no business relationship with any company whose stock is mentioned in this video. Viral Stocks is not an investment advisor and this video does not provide investment advice. Always do your own research, make your own investment decisions, or consult with your nearest financial advisor. This video is not a solicitation or recommendation to buy, sell, or hold securities. This video is our opinion and is meant for informational and educational purposes only and does not provide investment advice. Past performance is not indicative of future performance.


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