3 Stocks To Watch Ahead Of Key Economic Results

CORAL GABLES, FL / ACCESSWIRE / August 31, 2017 / On Thursday morning, players in the market look ahead to a key set of U.S. economic data to further measure the strength of the world’s biggest economy and how it will affect the Federal Reserve’s view on monetary policy. The United States will release reports on personal income and consumer spending for July. With that being said, here are 3 stocks to watch ahead of these reports: Medical Imaging Corp. (MEDD), Dextera Surgical Inc. (NASDAQ: DXTR) & Fusion Telecommunications International, Inc. (FSNN).

Medical Imaging Corp. (MEDD) has been seeing an increase in trading volume over the course of this trading week. The company is positioned in the rapidly growing medical imaging industry, and currently operates four Diagnostic Imaging Centers. In (MEDD) most recent press release, the company announced they upgraded their CT machine at their Naples, Florida location.

“Our Naples CT business has been growing throughout 2017, so it was important to have the software installed to meet the new federal standards and ensure that we had a stronger and newer CT machine with greater up time as we approach the start of our busy season this fall,” stated Mitch Geisler, CEO. “The machine has now been installed and we can resume scanning CT patients this week.”

In the last week of trading, (MEDD) has seen accumulation between the price ranges of $0.08-0.10. On Wednesday (8/30) the stock saw a swing of 33.33% from lows of $0.075 to daily highs of $0.10.

Dextera Surgical Inc. (DXTR) is seeing significant volume and price movement pre-market on Thursday. The company that develops and commercializes the MicroCutter 5/90™ stapler, announced this morning (8/31) that they have received approval from the FDA to use its MicoCutter 5/80™ and MicroCutter 30 White and Curved Tip White Reloads in conjunction with open solid organ parenchymal dissection techniques.

“This clearance expands our reach in the United States into a new clinical area for which we have already demonstrated success in Europe,” stated Julian Nikolchev, President and CEO of Dextera Surgical Inc. “This expanded indication represents an additional 44,000 procedures in the United States annually, and we look forward to bringing the MicroCutter 5/80 to surgeons for these applications.”

(DXTR) has seen a price per share increase of 34.37% during pre-market trading hours on Thursday. The stock saw lows of $0.32 to a high of $0.43.

Fusion Telecommunications International, Inc. (FSNN) a leading cloud services provider recently announced on Monday (8/28) that they have reached a definitive agreement to acquire Birch Communications’ Cloud and Business Services Business.

“This acquisition is a major milestone in Fusion’s targeted and disruptive strategy of becoming the leading single-source cloud services provider to business and enterprise customers,” said Matthew Rosen, Fusion’s Chief Executive Officer. “Customers increasingly demand an end-to-end experience that is reliable as well as efficient and innovative. Fusion is well positioned to provide these services having been first-to-market to pursue this strategy, and can now do so with increased scale and resources.”

Over the last week of trading, (FSNN) has seen a price per share increase of 91.32% from lows on Monday (8/28) at $1.96 to highs during pre-market trading on Thursday (8/31) of $3.75.

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