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3 Good Penny Stocks to Watch During the Market Crash

Here are three penny stocks to add to your watchlist now
The post 3 Good Penny Stocks to Watch During the Market Crash appeared first on Penny Stocks…

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Top Penny Stocks to Watch As the Market Crashes Again

With another major market crash on June 13th, which penny stocks are investors watching right now? Well, it is tough to say as there is so much movement in the stock market right now. But, to understand this, all we have to do is look at why the market is crashing right now. 

[Read More] Penny Stocks to Buy Right Now? 3 to Watch in Mid-June 2022

For starters, we see that the fear of rising interest rates is causing major bearish sentiment. With inflation rising to highs not seen in years, the Fed is working quickly to combat it. So as investors, it is our job to make sure that we take advantage of these moves no matter what direction the market is going. Considering that, let’s take a look at three hot penny stocks to watch right now. 

3 Penny Stocks to Add to Your Watchlist Right Now

  1. Gingko Bioworks Holdings Inc. (NYSE: DNA)
  2. Applied UV Inc. (NASDAQ: AUVI)
  3. Sos Ltd. (NYSE: SOS)

Gingko Bioworks Holdings Inc. (NYSE: DNA) 

While shares of DNA stock fell by around 15% today, we did see a 3.3% rise during after hours. And, in the past five days, shares of DNA stock have fallen by around 30%. Despite this, we are seeing small glimpses of bullish sentiment on occasion which means that DNA could be worth taking a closer look at right now. 

The most recent news from the company came on June 10th when it announced its party-cation in the Goldman Sachs 43rd Annual Global Healthcare Conference. This conference will take place on June 15th 2022 and will be the next time we see what Gingko is up to. Besides this, not much news has come out of the company recently. A few days before this, the company did announce that it is partnering with Novo Nordisk to build expression systems for pharmaceutical products. 

“It’s an honor to work with partners like Novo Nordisk that not only have an incredible range of critically important products, but that also provide us with the opportunity to do meaningful work that could help so many patients. At Ginkgo, we are always on the lookout for projects that will have an outsized impact on people’s lives and well-being.”

The CEO and CoFounder of Gingko Bioworks, Jason Kelly

With this in mind, do you think DNA stock is worth buying or not?

Penny_Stocks_to_Watch_Gingko

Applied UV Inc. (NASDAQ: AUVI) 

Another penny stock that gained during after hours trading on June 13th is AUVI stock. In after hours, shares of AUVI stock managed to shoot up by over 5.5% following a 2.5% drop. The main reason for this comes as shares of the company have seen some major volatility recently. 

So, to understand this better, let’s take a closer look at what it does. Applied UV is a tech penny stock that focuses on acquiring and developing new technologies. These technologies are used in a variety of industries including healthcare, hospitality, and much more. 

[Read More] Penny Stocks To Watch: Why Hillstream BioPharma (HILS) Is Moving Today

And, with its two wholly owned subsidiaries, SteriLumen and Munn Works, the company has a large amount of exposure to many budding industries right now. And with its UVC LED Lumicide platform, it is also showing promise as a player in fighting the pandemic. While it has seen a large number of ups and downs as of late, AUVI stock remains an interesting tech penny stock. So, whether it is worth adding to your list of penny stocks to or not, is up to you. 

Penny_Stocks_to_Watch_Applied UV Inc. (AUVI Stock Chart)

Sos Ltd. (NYSE: SOS) 

SOS is a penny stock that we have discussed numerous times in the past few months. And today, we saw shares gain by around 2.98% during after hours following a 16% drop during the trading day. So, is today’s after hours move a play for the company’s future, or is it just a speculative uptick? To find out, we have to examine Sos Ltd. in greater detail. Recently, we have seen a sizable amount of bullish sentiment with SOS stock. But, in the last day or two, this has shifted with prices of SOS dropping significantly. 

One of the reasons for this comes as SOS has a major amount of exposure to the cryptocurrency industry. And with the price of bitcoin falling drastically in the last few weeks, it makes sense that SOS would see some bearish sentiment as well. The most recent news from the company came on May 10th, when it announced the launch of a hosting business at the Super Computer and Hosting Center in Wisconsin. This will allow it to manage more than 21,000 mining rigs to date. 

“This launch marks the step-by-step implementation of the company’s plan. We will launch more mining rigs as we sign additional contracts with third parties. We will continue to invest in more high level rigs for our own mining use and increase the manpower to support local operations. This will add more jobs and support the local economy.”

The CEO of SOS, Mr. Yandai Wang

Because SOS stock is so volatile, it is impossible to say if shares will continue to move in either direction. With this considered, will it be on your penny stocks watchlist?

Which Penny Stocks Are You Watching Right Now?

Finding penny stocks to buy during such a topsy turvy time in the market can be difficult. But, by understanding what is going on, investors can have a much greater chance of taking advantage.

[Read More] What to Know About Trading Penny Stocks on June 13th

Because there are so many factors at play, investors need to constantly stay on their toes as it relates to daily market moves. With this in mind, which penny stocks are you watching right now?

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The post 3 Good Penny Stocks to Watch During the Market Crash appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.

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Spread & Containment

FTSE 100 gains as commodity-linked stocks bounce back

The commodity-heavy FTSE 100 gained 0.4%, while mid-cap FTSE 250 index inched up 0.3% UK’s FTSE 100 gained on Monday, as an easing of COVID-19 restrictions…

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The commodity-heavy FTSE 100 gained 0.4%, while mid-cap FTSE 250 index inched up 0.3%

UK’s FTSE 100 gained on Monday, as an easing of COVID-19 restrictions in China brought relief to commodity prices, lifting shares of major oil and mining companies.

As of 0704 GMT, the commodity-heavy FTSE 100 gained 0.4%, while mid-cap FTSE 250 index inched up 0.3%.

The risk sentiment improved after a Wall Street rally late last week and a rebound in copper and iron ore prices on Monday, boosted by an easing COVID-19 restrictions in Shanghai and relaxed testing mandates in several Chinese cities.

The burst of global enthusiasm for equities has put a spring in the step of the FTSE 100 at the start of the week, Hargreaves Lansdown analyst Susannah Streeter said.

Mining stocks led gains on the FTSE 100 index, with Anglo American, Rio Tinto and Glencore rising more than 3%, after Group of Seven leaders pledged to raise $600 billion private and public funds in five years to finance needed infrastructure in developing countries.

It is hoped this scheme, seen as a counter to China’s Belt and Road Initiative, will set off a spurt of spending and demand for commodities around the world, Streeter added.

Among individual stocks, CareTech surged 20.8% after the UK-based provider of care and residential services agreed to be acquired by a consortium led by Sheikh Hoidings in an 870.3 million pounds ($1.07 billion) deal.

Carnival Corp jumped 5.6%, extending its Friday gains after the leisure travel company forecast a positive core profit for the current quarter despite surging costs.

London-listed shares of Rio Tinto added 2% after a U.S appeals court ruled that the federal government may give the UK copper miner a right to lands in Arizona.

BAE Systems inched up 0.4% after the defence company received a $12 billion contract from the U.S Department of Defence.

The post FTSE 100 gains as commodity-linked stocks bounce back first appeared on Trading and Investment News.

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Science

Hot Penny Stocks to Buy This Week? 3 For Your List 

Can these penny stocks continue to climb
The post Hot Penny Stocks to Buy This Week? 3 For Your List  appeared first on Penny Stocks to Buy, Picks, News…

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3 Hot Penny Stocks to Add to Your Watchlist This Week 

Let’s face it, finding penny stocks to buy is not easy. And over the past few months, it has been increasingly challenging to make money with small caps. Now, while this may be true, not every investor has lost money in that time. Rather, to make money with penny stocks, traders have to be extra careful and know what penny stocks to buy. 

[Read More] Best Penny Stocks to Buy as June Ends? 3 to Watch 

There are a few key things to look for when finding penny stocks to buy. The first is a reason that it may move. When penny stocks shift up or down, there are numerous causes. But, most penny stocks will have a fundamental reason to do so. This could be a new product launch, an FDA approval, or anything else that would increase demand for the company’s shares. 

The second is liquidity. This is key because you need to be able to buy and sell penny stocks quickly. If there is not enough liquidity or shares traded in a day, you may be stuck with your penny stock. 

The last is price. You obviously want to buy penny stocks that are cheap, but you also want to make sure that the company is valued appropriately. This means looking at its fundamentals and understanding why it is at its given value. With all of this in mind, let’s take a look at three penny stocks to add to your watchlist this week.

3 Penny Stocks to Watch This Week 

  1. Visionary Education Technology Holding Group Inc. (NASDAQ: VEDU)
  2. RLX Technology Inc. (NYSE: RLX)
  3. Uranium Energy Corp. (NYSE: UEC

Visionary Education Technology Holding Group Inc. (NASDAQ: VEDU) 

One of the largest gainers of the day on June 27th was VEDU stock. By EOD, shares of VEDU had shot up by more than 30% with an over 5% after-hours gain. And, in the past five days, shares of VEDU stock have exploded by over 120%. These major gains come alongside no recent news. The most recent news however, came on May 19th. 

[Read More] Penny Stocks: Looking At The Big Picture For Tiny Stocks

On the 19th, the company announced the closing of its $17 million firm commitment IPO. This came with 4.25 million shares at a public offering price of $4 per share. For some context, Visionary Education is a Canadian based company offering high-quality education resources to students around the world. While it has fallen from its IPO price to around $2.60, its recent bullish momentum is exciting without a doubt. So, with all of this in mind, will VEDU be on your penny stocks watchlist or not?

RLX Technology Inc. (NYSE: RLX) 

With over 3% in gains during trading and after hours on June 27th, RLX is another penny stock that investors are watching right now. In the past month, we’ve seen shares of RLX climb by more than 19%, which is no small feat. The most recent news from the company came in the form of its unaudited Q1 2022 financial results. In the results, the company saw its net revenue decline slightly, however, it stated that this was due to the pandemic. 

“During the first quarter of 2022, we continued to focus on our core strategy and maintain our leading position in the industry while preparing for the anticipated regulatory changes.

As the new regulatory framework has come into effect and detailed implementation measures have been released, we are proactively adapting our business to the new market environment by applying for the relevant licenses and developing qualified products that meet the requirements of the most recent national standards.”

The CEO of RLX Technology, Ms. Ying Wang

While this news was not ideal, it did bring shares of RLX stock down to lower levels. And as a result, its recent bullish momentum could be due to RLX being at value prices. Whether this makes RLX worth adding to your list of penny stocks to buy, is up to you. 

Penny_Stocks_to_Watch_RLX

Uranium Energy Corp. (NYSE: UEC) 

On June 27th, UEC stock saw modest gains however, it did post abnormally high volume. And because of this, many investors are keeping a close eye on it right now. The most recent update from the company came on June 22nd, when it announced its entrance into a definitive agreement with UEX Corporation. It stated that it would acquire all of the outstanding shares of UEX with a C$5 million private placement. 

This is big news for the company and should add to its large and growing business. If you’re not familiar, Uranium Energy is a uranium mining company. And, recently, we’ve seen heightened interest in alternative energy penny stocks. And although UEC is highly volatile, it is an interesting penny stock to watch. With this considered, does UEC deserve an addition to your watchlist or not?

Penny_Stocks_to_Watch_Uranium

Which Penny Stocks Are You Buying Right Now?

After a relatively flat day of trading, investors are looking for the best penny stocks to buy this week. That involves understanding what factors are impacting the stock market, and how we can use those to benefit.

[Read More] Penny Stocks To Watch: Why EVFM, AGRX, CYBN, HILS & AFIB Stock Are Moving

Although trading is not easy, there are plenty of ways to find penny stocks to buy in 2022. So, with this in mind, which penny stocks are you buying right now?

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The post Hot Penny Stocks to Buy This Week? 3 For Your List  appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.

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Economics

When bad news is good news

After the very sharp sell-off in the share market, the recent rally is indicative of a mood where bad news is good news. Specifically, the recognised slowdown…

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After the very sharp sell-off in the share market, the recent rally is indicative of a mood where bad news is good news. Specifically, the recognised slowdown in the English-speaking economies likely means the various Central Banks will not be required to increase official cash rates by the amount that most forecasters had assumed.

To reiterate, due to the tax via the increased prices for food, fuel, electricity and gas, combined with downward pressure on house prices from rising interest rates, plus the indebtedness of the Western world consumer, I am not nearly as pessimistic as most market commentators on the belated Central Bank tightening regime.  

Australia’s household debt to GDP ratio

And to summarise where we see the current environment:

  • While they maintain a 2-3 per cent inflation target – most Central Banks are late in their tightening cycle. They cannot risk cooling down economic activity too much within their levered systems without causing too much consequential pain.
  • The US S&P 500 Index has declined 23 per cent and this is discounting some fears of recession. Nevertheless, bottom-up analysts have yet to meaningfully move on the potential earnings downgrade cycle, given the severity of the slowdown, for Fiscal 2023.
  • 81 per cent of stocks listed on the NYSE are down more than 20 per cent from their 52-week highs, meaning we have experienced a broad-based sell-off. Many highly priced quality companies and smaller companies generally have been hit much harder.
  • The US Federal Reserve is likely to raise rates by 0.5 per cent at their next meeting in late-July 2022 to 2.0 per cent, and I expect another 0.25 per cent tightening thereafter.
  • Markets rely on liquidity and a change in the rhetoric on monetary policy from the US Federal Reserve is probably needed before we can be confident ‘the bottom’ is near.
  • Some commentors are looking for upcoming weakness in the hiring plans by small businesses – and that is expected to lead the unemployment rate by four months.
  • Keep a close eye on “Doctor Copper” – a key indicator of global industrial activity. After rallying from US$2.10/lb during the COVID-19 lows of March 2020 to US$5.00/lb in March 2022, the Copper price has since declined by 25 per cent to US$3.74/lb.
  • As with the Global Financial Crisis, stimulus from China will help offset some of the slowing we expect in Europe and the US and could assist with a pull-up effect for Australia.

You can read my previous article here: The size of the hangover usually corresponds with the size of the party

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