I love writing these emails. It's my chance to play economist and capital markets prognosticator. My predictions are as valid as anyone else's "on the street." The difference is that I am wise enough to know that I don't know what the future holds for the economy and the markets. Although, I wouldn't turn down an invite from CNBC to join the other "experts." We can see whose crystal ball works the best :)
Here are my economic and market best guesses for the rest of 2024:
One 25 basis point interest rate cut in 2024.
The market grinds higher over the summer with ups and downs, then modestly corrects in the early fall and rebounds to end the year higher.
Gains remain concentrated predominantly in large and mega-caps.
A slow trickle-down to smaller companies gains momentum as investors seek larger returns from undervalued and overlooked micro- and small-cap companies.
Inflation struggles to come down due to housing costs but progresses and achieves a 2.3 to 2.4% YoY in Core PCE by the end of 2024.
I wouldn't even begin to guess how the election will affect the economy and the markets :)
Regarding deal flow, anecdotally, I have observed the following in 2024:
More deals were done for micro-cap and small-cap companies than last year.
Deals are smaller than a few years ago, but I believe it is the beginning of the capital markets loosening up for a wider range of companies.
Investors are investing. They are just discerning in capital allocations, and CEOs must work harder to make their case.
Pre-revenue companies faced the biggest challenges in attracting capital.
At B2i Digital, we've worked hard in this current environment, supporting our growing portfolio of Featured Companies and welcoming our first Venture Company, Digerati Technologies, Inc. We've launched the new B2i Venture tier to spotlight companies that might otherwise be overlooked due to their share price, market cap, or other factors.
We're pleased to partner with Roth MKM again for its 10th Annual London Conference and DealFlow Events for two conferences in Westchester County, the Reg A & Crowdfunding Conference and the SPAC Conference. I’m honored to be speaking at both events. If you plan to attend, please let me know. It would be great to connect in person.
Feel free to reply with your predictions or call me to share your insights. Your opinion is as valid as mine, and maybe together, we can strategize how to navigate the second half of 2024.
Select B2i Digital Featured Companies in the News:
From clinical progress to product launches, global expansion, and more - it's an energizing time of innovation across health, energy, tech, and other key sectors.
Unicycive Therapeutics (Nasdaq: $UNCY) delivered multiple presentations on its product candidates, oxylanthanum carbonate (OLC) and UNI-494, at the 61st European Renal Association (ERA) Congress. CEO Dr. Shalabh Gupta highlighted promising preclinical data for both candidates in treating acute kidney injury. The company also provided updates on ongoing clinical trials for both candidates. Unicycive's strong presence at this important medical meeting underscores its commitment to developing novel treatments for kidney disease patients.
Kolibri Global Energy Inc. (Nasdaq: $KGEI, TSX: $KEI)announced solid initial production rates from its latest Nickel Hill wells in Oklahoma's Tishomingo field. The 35-1H and 35-2H wells, in which Kolibri has a 62.9% working interest, showed impressive early results, averaging 472 and 478 BOEPD, respectively, over a seven-day period. Kolibri was also preliminarily included in the Russell Microcap Index.
AIM ImmunoTech (NYSE American: $AIM) announced that Thomas K. Equels, Chief Executive Officer of AIM, will participate in the Virtual Investor Pitch Conference on Monday, June 17, 2024, at 1:00 PM ET. The company's leadership team continues to engage with the investment community and advance its clinical programs. Register for conference here.
Alternus Clean Energy, Inc. (Nasdaq: $ALCE) Executive Director Aaron Ratner will speak at the upcoming Wood Mackenzie Solar & Energy Storage Summit 2024 in San Francisco. Ratner will join a panel discussing "The financing landscape post-IRA" and share insights from his 20+ years of experience in venture capital, climate technology, and energy investing. Alternus is at the forefront of the energy transition under the leadership of CEO Vincent Browne and a diverse global team. Register for summit here.
Top Ships, Inc. (NYSE: $TOPS) continues efficiently managing its fleet of modern tanker vessels, securing profitable employment for its ships. Top Ships' experienced management team, led by President and CEO Evangelos Pistiolis, is well-positioned to capitalize on market opportunities.
Sonim Technologies, Inc. (Nasdaq: $SONM) reported that select products from its new 5G connected solutions portfolio are now Trade Agreements Act (TAA) compliant, enabling procurement by the U.S. government and expanding market opportunities. Additionally, the company announced strong Q1 2024 results, with a 25% sequential increase in revenue and significant progress on design awards and global market expansion plans.
NewVenture Company
Digerati Technologies Joins the B2i Digital Family:
We are delighted to announce that Digerati Technologies, Inc. has joined our platform as a B2i Digital Venture Company.
Digerati Technologies, Inc. (OTCQB: $DTGI)is a provider of cloud services specializing in UCaaS (Unified Communications as a Service) solutions for the small to medium-sized business market. Digerati operates under the public-facing brand Verve Cloud, offering a full suite of UCaas, CCaaS, and Fiber connectivity products. Among the communication services Digerati offers are cloud PBX, cloud mobile, cloud connectivity, cloud collaboration, and managed cloud security.
Through successful acquisitions and integrations, the company has combined and expanded its operations into high-growth markets in Texas, Florida, and California. Digerati reported revenue of $7.56 million for the second quarter of fiscal Year 2024.
The Conference Corner
Three Upcoming B2i Featured Conferences
Mark Your Calendars for June 11-12, June 20, and June 25-27
B2i Digital is proud to continue partnering with prominent investor conferences. While we love digital marketing, nothing beats an in-person meeting.
7th Annual SPAC Conference (June 11-12, 2024) Hosted by DealFlow Events at the Westchester Country Club, this event offers investors comprehensive insights into the SPAC market. This conference will cover topics such as SPAC liability, strategies to reduce litigation risks, and the importance of PIPE raises. SPAC sponsors, institutional investors, SPAC target companies, and advisors involved in the SPAC process will be attending. Our CEO, David Shapiro, is joining the impressive lineup of speakers. Check availability here: https://spacconference.com/tickets/
5th Annual Reg A & Crowdfunding Conference (June 20, 2024) Hosted at the Westchester Country Club, the 5th Annual Reg A & Crowdfunding Conference will serve as the central hub for professionals involved in Reg A, Reg CF & Reg D 506 (c) offerings. This gathering is ideal for companies amid a crowdfunding raise or considering one. Plus, all the essential advisors and supporting service providers will attend. David will also be joining a panel discussion at this event. Register here: https://regaconference.com/tickets/
ROTH London Conference (June 25-27, 2024) The 10th Annual ROTH London Conference is set to take place at the Four Seasons Hotel London at Park Lane. This exclusive event will gather executives from over 70 companies in the Sustainability and Technology sectors for strategic one-on-one meetings and insightful group discussions with institutional investors. Highlights include an Economics Discussion featuring ROTH's chief economist and technical strategist alongside valuable networking opportunities. B2i Digital is an event sponsor and will enhance participant visibility through digital profiles and regular updates leading to the event. Register here: https://www.meetmax.com/sched/event_103811/conference_home.html
At B2i Digital, our goal remains steadfast: to bridge the gap between promising companies and savvy investors through the power of digital marketing and dynamic conferences.
We're grateful for your ongoing support and confidence in our platform. In the often chaotic capital markets, we strive to be a beacon of clarity and a source of valuable insights. Here's to weathering the storms and celebrating the successes together!
Until next time, wishing you all the best in your investment endeavors.
Cheers,
David Shapiro Chief Executive Officer B2i Digital, Inc. 212-579-4844 (office) 917-806-4171 (cell)
B2i Digital, Inc. provides digital marketing support to the above-mentioned Featured Companies & Venture Company, the Featured Companies hosted on b2idigital.com, and the Featured Conference Companies hosted on b2idigital.com. B2i Digital has not independently verified the accuracy of the information contained herein or on b2idigital.com. The content was provided by the Companies or publicly available sources. B2I Digital, Inc. makes no warranties as to the accuracy of any information provided. No content contained herein or on b2idigital.com shall be considered investment advice, an offer to solicit the sale of any security, or be considered as an opinion as to its investment suitability—full disclaimer at https://b2idigital.com/disclaimer.
B2i Digital, Inc., 401 2nd Avenue, New York, New York 10010
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