CNTM

 

Good morning!

It looks like we’re in store for another green day today.

Historically, September is one of the worst-performing months for the stock market, but so far, the NASDAQ is up nearly 3%.

If this continues and we get a solid “Santa Rally,” we may be looking at one of the best years in stock-market history.

I’m excited to keep hunting ideas that stand above these already impressive indexes.

If you’ve been following my “tactical trade” ideas over the past week, you’ve had a chance to watch some incredible intraday gains that have absolutely clobbered the market.

Yesterday’s idea shot up about 9% in the morning but trended a bit lower through the day.

The stock is still trading above its recent support level that I mentioned, so I think it’s still worth keeping an eye on.

Today, though, I have a fresh idea that is worth paying very close attention to.  I have not shared this idea with anyone before.

Have a look at ConnectM Technology Solutions, Inc. (CNTM) on your favorite platform.

The company went public via SPAC deal in mid-July and after finding something of an equilibrium price, has made two very impressive moves…

One was a 146% jump in less than a week in August, and the other was 58% runup in less than two weeks at the start of this month.

The stock has traded in a pretty tight band since then, establishing clear bottom resistance at precisely the level it closed at yesterday.

Here is what is really getting my attention right now, though…

If you take a close look, on four occasions in the last two weeks, it has climbed about 10% higher than its current price, and that’s exactly the sort of move I’m looking for today.

Nothing is guaranteed, of course, but that bottom resistance does inspire confidence.

If the stock closes below $1.05 today, I would consider the trend broken, but if it can manage to break through the $1.20 level, I think we could be looking at another mega-surge.

Recent IPOs like this have a history of making some pretty spectacular moves when they establish a new trend.

This could be the day. It is critical that you keep a close eye on CNTM right now.

Since the company only recently went public, there isn’t a ton out there about them, but they do have a helpful website and investor presentation.

Here are some things that jumped out at me…

The company was founded in 2016 and is based in Marlborough, Massachusetts, though it has a presence in India as well.

It bills itself as “a smarter way to net zero” and says its mission is “to electrify homes, businesses, and transportation to achieve a better quality of life, lower energy bills and reverse the adverse effects of climate change for a more sustainable future.”

It aims to do so through an “all-in-one technology platform” that “monitors and manages electrified assets throughout their entire lifecycle, collecting valuable anonymized performance data.”

CNTM’s platform is known as the Energy Intelligence Network, and it has proven itself with more than 66,000 customers and 25 OEM integrations, and it currently manages more than 100,000 electrified assets.

The idea of the Network is to be a central hub for monitoring and managing a variety of electrified assets — everything from water heaters to heat pumps, and from ebikes to EVs.

By collecting anonymized data directly from these assets — as well as publicly available data — the company’s AI engine refines itself to offer “comprehensive electrification and decarbonization solutions” to OEMs, third-party service providers, and consumers.

It says its value proposition is a 40%+ cost savings and a 75%+ reduction in carbon footprint.

CNTM operates on four main verticals: residential and light commercial buildings, direct OEM products, and managed services.

The company has been granted more than 10 patents and has shown impressive revenue growth…

For the past three years, it has placed in Inc. 5000’s prestigious list of “America’s Fastest Growing Private Companies.”

In 2022, it ranked number 772, before jumping in 2023 to 636, and last year it ranked number 104.

In 2020, CNTM’s revenue was $2.07M, but by 2023, it had reached $19.97M — an 860% increase in three years.

Its unaudited revenues for the first half of 2024 are $11.22M, so the uptrend appears to be continuing.

On July 16 — the day after its completed SPAC merger — the company announced the launch of a new “intelligent heat pump system” designed for residential and light commercial use. The system integrates with the Energy Intelligence Network and uses AI to optimize performance and efficiency.

CEO Bhaskar Panigrahi says the heat pump marks “a major advancement in climate control technology.”

The heat pump is currently available in select markets and is slated for general availability later this year.

On August 6, CNTM revealed an approximately $5.2M deal to gain a controlling interest in DeliveryCircle, “a nationwide technology enabled final mile delivery company which connects businesses looking for a last-mile delivery solution, with a complete network of over 500,000 drivers.”

Established nearly a decade ago and headquartered in Delaware, DeliveryCircle has a mobile app, Decios, that “powers final-mile delivery optimization through web, Android, and Apple applications, enhancing real-time visibility, route optimization, and customer communication.”

The company said it expects the controlling-interest acquisition to “drive significant growth” and positions the company “to redefine the future of electrification and logistics.”

CNTM uses internal metrics to track its progress.

Last month, it released its “impact scorecard” for the six months ending June 30, 2024. Compared to the same six months in 2023, the company achieved:

 

 

Those are some notes to get you started. As always, spend time right now doing your own research on the stock, and always approach your trading in a responsible manner. Remember that trading is very risky, and nothing is ever guaranteed, so never trade with more than you can afford to lose. 

Please read the full disclaimer at the bottom of this email as well so you are aware of additional risks and considerations. Always have a well-thought-out game plan that takes your personal risk tolerance into consideration.

Bottom line: I like where CNTM is priced compared to its recent, tight range, and think it could be poised for a 10% surge or better. 

Keep a close eye on CNTM, especially if it breaks past the key resistance level today.

To Your Success,

Jeff Bishop

P.S. Make sure you join me and over 1000 traders in the Market Master’s trading room today for live trading signals and education. You can access it at no cost right now. 

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*Just so you know, what you’re reading is curated content for which we have received a monetary fee (detailed below) to create and distribute. Let’s be clear that investing can be quite the roller coaster as stock prices can have wild swings up and down, so consider those crucial risks before you ever consider trading anything we discuss. Make sure you check out our full disclosure down below for the details on how we were paid, the risks, and why these results aren’t what you’d call “typical.”

Just a quick heads up about this ad you’re reading—as we’ve said, even though we like the company referenced above, and all the facts we discussed above are true to the best of our knowledge, we are running a business here. To distribute this information and help offset the costs of maintaining our large digital audience, in advance of writing the content above, we received thirty thousand dollars (cash) from West Coast Media for advertising ConnectM Technology Solutions, Inc for a three day marketing program on September 24-26, 2024. This was paid by someone else not connected to ConnectM Technology Solutions, Inc. It might be obvious, but whoever paid for this might own shares and is likely looking to sell some or all of them at any time after we send out this information, which might affect the stock price. We may also buy or sell shares in the company at some point in the future, although neither RagingBull nor its owners own any shares of the company at this time. Also, keep in mind that due to the sheer size of our audience, if even a small percentage of people decide they want to buy this stock, it could potentially boost interest enough to hike up those share prices and cause a temporary spike, and the opposite is possible as our program ends, though that is not always the case.

Now, diving right into ConnectM Technology Solutions, Inc might sound exciting. But remember, it’s like venturing into the wilderness—be aware that there’s exceptional risk involved in trading. This isn’t small potatoes we’re talking about; you could lose every dime you put in, so always carefully think about what you’re doing. That’s why they call this trading, after all. We’re shining a light on the good stuff about the company here, but it’s on you to do your homework, make your own calls, and determine a plan for your own trading, hopefully with the help of your professional 1nvestment advis0r.

Oh, that brings us to another crucial point—we’re not here to tell you (or even recommend) what you should do with your hard-earned money. We’re simply sharing our non-expert thoughts by highlighting some companies we like that could use some help telling their story to more people. We’re obviously biased in our writing. We’re not here to dig into anything that may be negative about the company; this is advertising, after all! Also, keep in mind that if we make some predictions about the future, these are technically known as “forward-L00king statements” under the securities acts, so take those with a grain of salt. As with all forecasts, they’re not set in stone, often wrong, and we certainly can’t know where the Company’s earnings, business, or share price will be tomorrow or a year from now.

Everything you read from us is all for your education, information, and possible entertainment. While we believe the info is reliable and accurate, we can’t wear a cape and guarantee it. Before you jump into anything, make sure to talk it over with a pro—someone you trust who’s licensed to give you real advice. To be clear, 

Neither Raging Bull nor its owners, employees, or independent contractors are registered as a secur1.ties br0ker-deale.r, br0ker, 1nvest.ment advis0r (IA), or IA rep’s with the SEC, any state securities regulat0ry auth.ority, or any self-regulat0ry organization.

So, that’s the scoop! If you’re intrigued and want to learn more about the companies we talk about, hit up the SEC’s website to dig into their filings and see the full picture.