By: Dylan Sikes - AllPennyStocks.com News

Tuesday, January 19, 2016

U.S. equities have made a slight recovery following the long weekend. Equities have recovered after the sell-off on Friday that saw all three benchmark indexes drop more than 2%. Friday’s sell-off was once again sparked by concerns over China. Interestingly, stocks are making a recovery after some positive news from China. Earlier today, China reported that its GDP grew 6.8% in the fourth quarter of 2015, in-line with expectations. For the full year 2015, China’s economy grew 6.9%, in-line with the target set by Chinese policymakers.

The GDP data boosted Chinese equities earlier today, with the Shanghai Composite Index closing more than 3% higher. The rebound in Chinese equities has also boosted global markets, including the U.S.

In the U.S., market participants are also focusing on the ongoing earnings season. This week will see several big names in the technology sector report earnings for the December quarter.

This morning, one technology company made a major announcement. New York City-based PeerLogix Inc. (OTCQB:LOGX), an advertising technology and data aggregation company providing a proprietary software as a service or SaaS platform that allows the tracking and cataloguing of Torrent files and Torrent networks in order to determine consumer trends and preferences based upon media consumption, announced a new customer agreement.

LOGX said that it has been engaged by University Beyond, a leading digital platform that connects college students with on-campus job offers. LOGX notes that college students make up a large and growing segment of the Content Sharing Economy, making the company the perfect partner for University Beyond. The PeerLogix platform will provide University Beyond the benefits and cost efficiencies of an outreach and engagement program that specifically targets the core demographic it seeks to grow its business with.

Commenting on the development, Kayley Seder, Project Manager of PeerLogix, said that University Beyond strives to connect students from a multitude of colleges and universities with some of the leading startups and Fortune 500 Employers in the country. Seder further said that the company is extremely excited that University Beyond has selected PeerLogix to help them fulfill their ambitions as they work to establish a robust market of job seekers. Seder added that no company can match LOGX’s ability to directly pinpoint and engage the college aged segment of the Content Sharing Economy and that the company is confident the engagement rate of this lucrative cohort will deliver superior results to University Beyond.

Shares have not reacted to today’s news yet, with shares last traded at $0.25 which is near the stock’s 52 week low.

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