Innovest Global, Inc. (OTC Pink: IVST): A Resilient, Hidden Gem With Expanding Revenue Growth
After a strong start in January 2018, the United States stock market has seen a steep correction, which has resulted in equities turning negative for the year. Bond yields continue to rally, which is causing investors to search for safety from elevated stock prices.
Furthermore, the return of market volatility shook out the highly-crowded short volatility trade, which resulted in massive losses across three notable inverse VIX ETFs: VelocityShares Inverse VIX Short-Term ETN (NYSEARCA: XIV), ProShares Short VIX Short-Term Futures ETF (NYSEARCA: SVXY), and the VelocityShares Daily Inverse VIX Medium-Term ETN (NYSEARCA: ZIV). Year-to-date losses for the exchange-traded funds are at -96%, -91.53%, -25.94%, respectively.
The bearish activity has woken up the investment community to reassess their portfolio risks. The correction is not all bad news, however. After a record climb and one of the longest periods of time without a reasonable correction in market history, it was only a matter of time before we experienced a reversion back to the mean.
Despite the market volatility and steep correction among the top U.S. stock indices, the underlying macroeconomic fundamentals remain the strongest in years. According to Tradingeconomics.com, the U.S. unemployment rate came in at a 17-year low of 4.10% for January 2018. Gross Domestic Product (GDP) came in at 2.60% for the fourth quarter of 2017, which is compared to results of 1.80% during the same period in 2016. The economy remains strong in the face of correcting markets, which provides investors the opportunity to take advantage of the pullback and prepare for the next potential rally.
One stock that has largely remained resilient in the face of the recent market turmoil has been Innovest Global, Inc. (OTC Pink: IVST).
Innovest Global, Inc. (OTC Pink: IVST) Benefitting From Its Revenue Generating Energy Subsidiary
Unlike most stocks across the market right now, Innovest Global, Inc. (OTC Pink: IVST) does not have an outrageous valuation. In fact, the company’s market cap stands at a meager $7.3 million, as of February 2018. Yet, the company has continued to build a fully-functioning and diversified holding company that is focused on generating cash flow.