Martello Technologies: Rich’s Top Pick from July Continues to Soar

Back in July, Rich chose Martello Technologies Group Inc. (TSXV:MTLO) (OTC:DRKOF) as his number one stock pick.

At the time, Canopy Growth Corporation (TSX:WEED) (NYSE:CGC) founder Bruce Linton had just been ousted from that company. Brandishing a Martello Technologies shirt, Linton drove attention to the Ottawa-based upstart tech company, which in turn caused MTLO stock to skyrocket from $0.19 to $0.78 in less than a week.

While the price has since fallen slightly, it’s beginning to rise once again, shooting up 23 percent. Rich talks his community members through the news, and points to other winners from today.

“MTLO is the big winner of the day,” he says. “If you watch my videos, you know what I’m talking about.”

Enter Your E-mail Address To Subscribe

* indicates required
 

Martello Technologies Moving Up Again

Martello Technologies provides tech solutions that help clients control complex IT environments. This makes them an exciting company to watch in an increasingly tech-reliant world, especially as manpower is continually replaced by machines.

Even without Linton’s added focus on the company, Martello has plenty of good news to tout.

In mid-July, it posted $10.4 million in revenue for its fiscal year 2019. This represents a 103% increase from the previous year. Martello also completed its second acquisition and closed a $7.5 million private placement in the last year alone.

The Motley Fool echoes Rich’s endorsement of Martello, noting that “around 80 percent of the company’s sales during the past year were recurring, and so as long as Martello is able to retain its existing customers, it will have a great opportunity to build on those strong results.”

Stocks to Watch in August

Don’t forget to check out one of Rich’s other recent videos, where he picks the top ten pot stocks to watch out for in August. Trulieve Cannabis Corp. (CSE:TRUL) (OTC:TCNNF) took the top spot in that list and has been holding firm throughout the month so far.

For smaller plays, Rich also ran down the best marijuana penny stocks to buy. Be sure to check out that video for the whole list.

What do you think of Martello Technologies? Will August be just as kind to the company as July was?

Think you’ve got a winner this month? Let us know in the comments below. We’d love to hear from you!

See complete video transcript below.

Featured image: DepositPhotos © fazon1

Full Video Transcript

00:02
good morning hey guys doing this is rich
00:05
former Steve you live and we’re just
00:07
looking at the markets right now and
00:11
[Music]
00:13
right now as we speak
00:18
MTL o is absolutely flying up 26%
00:25
unbelievable Eve went all the way up to
00:28
50 cents they were up 25% at one point
00:30
they’re now at 45 cents up 11% but MTL o
00:36
is the story of the day again
00:38
one of my top 10 picks for August 2019
00:41
if you watch that video you know exactly
00:42
what I’m talking about bills is up 10%
00:46
Dixie is a 9% those are some of the big
00:51
stocks today right now AMD big board
00:54
stock up 11% they’re having a nice day
00:56
so MTL o AMD bills Dixie dia KY and Eve
01:06
are the stocks of the day so far all
01:08
having very very nice days led by M TLO
01:12
which is now up 23% so congratulations
01:17
to anybody who’s taking advantage of
01:19
these moves hope you guys are having a
01:23
good day today I’m gonna type in all the
01:25
pics that are flying today M TLO having
01:28
a big day Eve having a big day Dixie
01:32
having a big day so M TL o Eve Dixie all
01:36
having big days AMD having a big day and
01:40
who else
01:44
who are missing
01:46
bills bills bi LZ dan Bilzerian must be
01:53
happy having a big balance back day
01:55
after having pretty much a crash
01:57
yesterday after having a huge huge huge
02:01
explosion over the last few weeks
02:03
finally had a red day yesterday and
02:06
today’s bouncing right back with a nice
02:08
green day I’m just looking at the
02:11
overall markets looking at level 2 right
02:13
now
02:14
watching everything if there’s anything
02:18
that is moving that I need to be aware
02:20
of or I need to know about please let me
02:21
know just want to bring you guys an
02:25
alert of all the top picks so far today
02:30
prev is up 14% today I NP X is up 11%
02:38
today icon ICO n is up 7% today
02:45
uber having a nice day up 6% at dollars
02:49
and 31 cents CR WD at $89 up 6% today
02:55
village farms at $16.45 up five point
02:59
six five percent today n BRV up 5.8%
03:04
today bam climbing back to $1.00 up five
03:07
point four nine percent today
03:09
GW farm I brought you guys their video
03:11
told you that they were on fire and they
03:14
would explode on good revenues at a
03:16
hundred and seventy four point nine 4.75
03:20
percent to the AUSA four point four nine
03:24
percent today at 92 cents excuse me
03:30
eg LX enthusiasts gaming they actually
03:34
responded to me yesterday saying they’re
03:36
watching our show they’re at a dollar
03:38
forty-eight a four percent today plus
03:40
products of four percent today pays
03:43
thirteen dollars and thirty-six cents
03:45
they’re climbing back up up 4.6 percent
03:47
today heck so at six dollars up three
03:51
percent today
03:52
eat up three percent today oils at fifty
03:56
cents up three percent today so those
04:02
are some of the winners that are flying
04:05
high today so far hope you guys having a
04:10
good day love to know what you guys were
04:12
watching I’d love to know what you guys
04:13
are looking at if there’s any stocks you
04:15
want me to look at please let me know
04:16
put it into chat the live chat and I’ll
04:20
give you my synopsis I’ll give you my
04:22
analysis I’ll give you a breakdown of
04:23
what I think
04:24
good morning Gus how you doing today Gus
04:27
so kind of a choppy week obviously
04:33
globally the markets have been really
04:34
bad lots of issues between America and
04:39
China and tariffs and trade war which I
04:42
believe has been hindering the entire
04:43
market however in every negative
04:47
situation a seat of opportunity grows so
04:49
this might be the best time to buy to be
04:51
honest with you it’s the best time to
04:53
buy when everything is down this may be
04:55
the best time to pick anything up that
04:58
you’re looking at so invest in the best
05:01
stay in your lane buy great companies
05:05
that are generating strong revenue that
05:08
have strong partnerships or have strong
05:10
partners that are positioning themselves
05:12
in those companies we’re still in August
05:14
there’s about three weeks left so I
05:16
still anticipate that we’re going to see
05:18
a lot of choppy trading over the next
05:20
few weeks we will see some sneak attacks
05:22
Bill’s has been on a sneak attack
05:24
MTL otay is doing a sneak attack Dixie
05:28
Brands has been doing a crazy sneak
05:29
attack we will see sneak attacks however
05:32
over the long haul I do see this
05:35
industry only getting bigger I do see
05:37
this industry only getting better so if
05:38
you invest in good companies give
05:40
yourself a chance to win in situations
05:42
like this where the market is down and
05:44
it’s slow and everybody’s on vacation
05:47
this is your time to look at the best
05:49
companies try to buy them at the lowest
05:52
possible prices okay even some of the
05:55
smaller companies right now are starting
05:56
to make moves which is leaving me to
05:58
believe that the resurrection is near
06:00
okay because when the Resurrection comes
06:03
everything in the cannabis sector rose
06:05
big ones small ones the medium-sized
06:07
ones and we’re starting to see some of
06:09
the small ones make moves like Dixie
06:11
brands like Eve so it’s good to see some
06:14
of the small ones make moves it’s also
06:16
good to see some of the big boys make
06:18
moves
06:18
I wouldn’t say bills is a big big boy
06:21
but they’re definitely playing in that
06:24
area right now and they seem to be
06:26
making a nice move
06:27
MTL o working obviously with Bruce
06:29
Linton he goes out there says he’s gonna
06:32
focus more on MTL o they make a big move
06:35
so it’s just interesting how the sector
06:37
responds very well to news
06:40
spawns very well to revenue and responds
06:43
very well to partnerships so stay in
06:47
your lane invest in the best the best is
06:49
blessed gives you the best chance to win
06:51
okay
06:52
if there’s anything else you want me to
06:54
look at please let me know we’re looking
06:56
at the entire market I know that Khronos
06:58
group reported today I know they’re all
07:01
read about ten million in revenue but
07:02
with twenty five million in losses
07:04
I think the losses are going to hinder
07:06
those types of deals so yeah it’s nice
07:10
to see revenue growth but we still need
07:12
to look at the losses and the profits
07:14
and losses and if the losses are more
07:16
than the profits which in this case they
07:19
still are then it’s not a good thing for
07:22
Khronos group so even though they
07:24
initially were up on that news they’ve
07:26
now come back down and I don’t see how
07:29
they really go up when they have a
07:31
twenty five million dollar loss so I’m
07:35
watching the markets if anything big
07:37
happens I’ll let you know I’m keeping my
07:40
eye on the prize if anything breaks out
07:42
I’ll let you know but an early break out
07:44
today was Eve bills Dixie those are
07:49
three they’re all still doing well and
07:50
MTL o MTL o currently have 21% AMD of
07:54
12% Dixie up 10% Eve up 10 just went
08:00
down a little bit up 8.75% and Bill’s up
08:04
10% okay guys let’s take a look here if
08:10
there’s anything else worth discussing
08:11
or watching please let me know otherwise
08:14
I’ll keep my eyes on the entire market
08:17
and anytime anything big happens or any
08:20
breaking news happens I’ll let you guys
08:22
know Agri flora had some big news today
08:24
they’re not doing hugely well or
08:27
anything but the news was good so it was
08:29
good to see and what else
08:32
village farms is doing well today so
08:35
those are the ones that are kind of on
08:36
my radar on my watch list that are all
08:39
doing well I’ll continue to watch the
08:40
market and if anything else happens I’ll
08:42
bring it to you guys first zero boy rich
08:44
force to be live if you’re not winning
08:45
you’re not watching we bring in the
08:47
winners and we bring them to you first
08:49
I’m out peace