Derf, INOD does look interesting, and only 1.3 bil market cap, so lots of room to grow. I'll check them out. It's more than doubled in the last month, so a hot potato with big momentum, but also might have LT buy / hold potential. The numbers look great, it's profitable, solid margins, big rev and earnings growth, some cash and very little debt, positive cash flow, shares outstanding 27 mil. The shorts are ~ 9% range, but not surprising after the recent mega pop. It's consolidated sideways for 3 weeks, and looks poised to possibly make another run (?) Everyone will be watching to see if it can take out the previous highs at 47-48 and if so then blast through 50, and then everyone piles in for the next up leg. I'd probably wait to see how it deals with the 50 level, but looks like an interesting stock
A lot may depend on the broader market. The Nasdaq is coming alive, with 'risk on' returning, and it looks like Powell's message today is being well received so far. So maybe smooth sailing into year's end, though the RSI for the S+P 500 is now 70, so getting in near term overbought territory. But it's not unusual for the RSI to continue to mid 70s or even 80 prior to a pullback.
The Fed meeting is in 2 weeks, and the Timiraos article headline today suggests the Fed may be in no rush to cut, but it's ambiguous so might go either way. So potential for disappointment from the Dec meeting, but still early. We'll see how the jobs numbers look on Friday.
>>> Innodata Inc. (INOD) operates as a global data engineering company in the United States, the United Kingdom, the Netherlands, Canada, and internationally. The company operates through three segments: Digital Data Solutions (DDS), Synodex, and Agility.
The DDS segment engages in the provision of artificial intelligence (AI) data preparation services; collecting or creating training data; annotating training data; and training AI algorithms for its customers, as well as AI model deployment and integration services. This segment also provides a range of data engineering support services, including data transformation, data curation, data hygiene, data consolidation, data extraction, data compliance, and master data management.
The Synodex segment offers an industry platform that transforms medical records into useable digital data with its proprietary data models or client data models.
The Agility segment provides an industry platform that offers marketing communications and public relations professionals to target and distribute content to journalists and social media influencers; and to monitor and analyze global news channels, such as print, web, radio, and TV, as well as social media channels. It serves banking, insurance, financial services, technology, digital retailing, and information/media sectors through its professional staff, senior management, and direct sales personnel.
The company was formerly known as Innodata Isogen, Inc. and changed its name to Innodata Inc. in June 2012. Innodata Inc. was incorporated in 1988 and is headquartered in Ridgefield Park, New Jersey.