Mississauga, ON -- (SBWIRE) -- 06/01/2016 -- AllPennyStocks.com Media, Inc. (http://www.AllPennyStocks.com/) announces its latest article titled "Ami James Brands Signs Letter of Intent with Yellow Cab Productions, Stock Surges On News."
Companies mentioned in this article include Ami James Brands Inc. (OTCQB:AJBI).
Article Excerpt:
U.S. equities are struggling for a second successive day. On Tuesday, the Dow Jones and the S&P 500 posted losses as investors remained cautious ahead of the Federal Reserve meeting later this month.
Several Fed officials, including the Fed Chair Janet Yellen, have hinted at a rate hike during the summer months. This has come as a surprise to market participants, who were expecting the Fed to remain dovish. Market sentiment has also been weighed down today by a pullback in oil prices.
Oil has had an excellent run lately as fundamentals have started to improve amid supply outages in Canada and Libya, and declining production in the U.S. Some weak economic data in China has also hurt sentiment in trading. Data released in China earlier today showed that services activity in the world's second-largest economy slowed down.
At last check, the Dow Jones and the S&P 500 were marginally lower. The NASDAQ is higher for a second successive day but the gains are only marginal.
Although the broader market is struggling there are some stocks bucking the trend. One such stock is Ami James Brands Inc. (OTCQB:AJBI). Based in Miami, Florida, Ami James Brands is a licensing and brand management company. The company's core business is rooted in the tattoo industry, with its founder Ami James being one of the most recognizable face in the tattoo world. The company sells its products under the brand name Ami James and Ami James Ink to consumers on four continents, including North America, Europe, Asia and South America.
The full version of this article can be found at:
http://www.allpennystocks.com/aps_us/special-reports/643/ami-james-brands-signs-letter-of-intent-with-yellow-cab-productions-stock-surges-on-news.htm
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