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3 Hot Penny Stocks to Add to Your February 2022 Watchlist

Here are three penny stocks to watch this month
The post 3 Hot Penny Stocks to Add to Your February 2022 Watchlist appeared first on Penny Stocks to Buy,…

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3 Penny Stocks to Watch in February 2022 

As we continue to barrel through February, there is a lot for investors to understand about trading penny stocks. Right now, there are several factors that continue to impact the trajectory of the stock market. This includes Covid, inflation, interest rates, unemployment, and certain geopolitical tensions. 

[Read More] Best Penny Stocks to Buy Right Now? 4 to Watch in Mid-February

As a result of the sheer number of factors impacting the stock market, investors need to be more careful than ever, and understand exactly how and why stocks are moving. With penny stocks, volatility continues to be extremely high. This can be a major benefit if it is part of your trading strategy. However, volatility can also lead to very swift and large losses if one is not careful. 

So, make sure that you know your investing goals and your trading strategy by heart. This is the best way to have a heightened chance of making money with penny stocks in 2022. Considering that the large market fluctuations are likely to continue, it all comes down to understanding how to take advantage of the movement. With all of that in mind, let’s take a look at three penny stocks to add to your watchlist right now. 

3 Penny Stocks to Add to Your Watchlist Right Now 

  1. Yamana Gold Inc. (NYSE: AUY) 
  2. Senseonics Holdings Inc. (NYSE: SENS)
  3. DiDi Global Inc. (NYSE: DIDI)

Yamana Gold Inc. (NYSE: AUY) 

With a 3% gain at EOD on February 7th, AUY stock is in focus for many investors right now. If you’re not familiar, as its name suggests, Yamana is a Canadian-based producer of precious metals. This includes gold and silver, which are produced at its large range of facilities. 

Currently, Yamana has land positions in countries such as North/South America, Canada, Brazil, Chile and Argentina. And, the company states that its main goal right now is continued expansion. This will be done through both growth at its current mining operations and new opportunities around the world. The latest news from Yamana came last month when the company announced that it will be posting its Q4 and full year 2021 operating results. It will do these after the market closes on February 17th. 

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This is exciting for investors to consider and should be kept in mind looking forward. In its preliminary report, the company stated that it expects Q4 production to come in around 280,000 gold equivalent ounces. And moving forward, gold production remains a key metric to look at Yamana Gold through. Considering this, do you think AUY belongs on your list of penny stocks to watch?

Penny_Stocks_to_Watch_Yamana

Senseonics Holdings Inc. (NYSE: SENS) 

Senseonics Holdings Inc. is another penny stock that climbed today. By EOD, shares of SENS stock pushed up by over 7.9%, which is no small feat. And, in the past five days, shares of SENS stock have climbed by more than 34%. The main reason for this gain comes as the company received positive news from the FDA regarding its glucose monitoring system or CGM. This news came in early January, and has continued to result in positive movement for SENS stock. 

“We understand that the FDA is at full capacity managing the backlog of COVID-19 related filings creating longer than expected review timelines. We are confident a decision regarding approval of the 180-day system will be made in the coming weeks as the FDA continues to clear out the backlog.” 

The CEO and President of Senseonics, Tim Goodnow

The company stated that it should begin to transition this product into its lineup by the second quarter of this year. And, it also announced that its financial outlook for the full year 2021, should be in between $12 and $15 million. All of this is highly positive and shows that SENS stock is growing right now. And, with such a high unmet clinical need for new and improved diabetes monitoring tools, Senseonics is in an advantageous market position. With all of this in mind, will SENS be on your penny stocks watchlist this month?

Penny_Stocks_to_Watch_Senseonics

DiDi Global Inc. (NYSE: DIDI) 

Another big gainer during trading today was DIDI stock. By EOD, shares of DIDI had climbed by over 4.5%. This is a sizable amount and brings a new bullish pattern into DIDI’s six month loss of over 60%. If you’re not familiar, DiDi is one of the largest ride-hailing platforms in China, and has been a highly volatile play for several months now. 

When it was listed on the NYSE a few months ago, shares were trading around $14 per share. However, it is now thoroughly in penny stock territory at around $3.50 per share. As a result of issues with the Chinese government, the company is under a lot of pressure right now and has been recently. Because of this, some investors believe that DIDI could work to go private in the near future. 

On the other side, the company could also move toward a potential public listing on a local exchange. So, as you can see, there is a lot to consider with DIDI stock. And because of this, it is tough to envision DIDI as a busy right now outside of its volatility potential. It is worth noting that the ride hailing business is major globally, and with DIDI’s large market share in China, this is its major product. So, whether DIDI stock is worth buying or not is up to you. 

Penny_Stocks_to_Watch_DiDi Global (DIDI Stock Chart)

Which Penny Stocks Are You Watching in February?

As February gets rolling, there are hundreds of penny stocks to choose from. Now, the best way to make money with penny stocks in 2022 is to have a complete understanding of what is going on in the stock market. This means knowing what factors are impacting both the stock market at large, and the penny stocks on your list. 

[Read More] High-Performing Penny Stocks That You Need to Know About

As always, the best investor will always be the one with the most information on hand. And with the power of the internet, anyone can be as informed as the top traders. So, with all of this in mind, which penny stocks are you watching in February?

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The post 3 Hot Penny Stocks to Add to Your February 2022 Watchlist appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.

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Fighting the Surveillance State Begins with the Individual

It’s a well-known fact at this point that in the United States and most of the so-called free countries that there is a robust surveillance state in…

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October 23, 2023

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It’s a well-known fact at this point that in the United States and most of the so-called free countries that there is a robust surveillance state in place, collecting data on the entire populace. This has been proven beyond a shadow of a doubt by people like Edward Snowden, a National Security Agency (NSA) whistleblower who exposed that the NSA was conducting mass surveillance on US citizens and the world as a whole. The NSA used applications like those from Prism Systems to piggyback on corporations and the data collection their users had agreed to in the terms of service. Google would scan all emails sent to a Gmail address to use for personalized advertising. The government then went to these companies and demanded the data, and this is what makes the surveillance state so interesting. Neo-Marxists like Shoshana Zuboff have dubbed this “surveillance capitalism.” In China, the mass surveillance is conducted at a loss. Setting up closed-circuit television cameras and hiring government workers to be a mandatory editorial staff for blogs and social media can get quite expensive. But if you parasitically leech off a profitable business practice it means that the surveillance state will turn a profit, which is a great asset and an even greater weakness for the system. You see, when that is what your surveillance state is predicated on you’ve effectively given your subjects an opt-out button. They stop using services that spy on them. There is software and online services that are called “open source,” which refers to software whose code is publicly available and can be viewed by anyone so that you can see exactly what that software does. The opposite of this, and what you’re likely already familiar with, is proprietary software. Open-source software generally markets itself as privacy respecting and doesn’t participate in data collection. Services like that can really undo the tricky situation we’ve found ourselves in. It’s a simple fact of life that when the government is given a power—whether that be to regulate, surveil, tax, or plunder—it is nigh impossible to wrestle it away from the state outside somehow disposing of the state entirely. This is why the issue of undoing mass surveillance is of the utmost importance. If the government has the power to spy on its populace, it will. There are people, like the creators of The Social Dilemma, who think that the solution to these privacy invasions isn’t less government but more government, arguing that data collection should be taxed to dissuade the practice or that regulation needs to be put into place to actively prevent abuses. This is silly to anyone who understands the effect regulations have and how the internet really works. You see, data collection is necessary. You can’t have email without some elements of data collection because it’s simply how the protocol functions. The issue is how that data is stored and used. A tax on data collection itself will simply become another cost of doing business. A large company like Google can afford to pay a tax. But a company like Proton Mail, a smaller, more privacy-respecting business, likely couldn’t. Proton Mail’s business model is based on paid subscriptions. If there were additional taxes imposed on them, it’s possible that they would not be able to afford the cost and would be forced out of the market. To reiterate, if one really cares about the destruction of the surveillance state, the first step is to personally make changes to how you interact with online services and to whom you choose to give your data.

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Stock Market Today: Stocks turn higher as Treasury yields retreat; big tech earnings up next

A pullback in Treasury yields has stocks moving higher Monday heading into a busy earnings week and a key 2-year bond auction later on Tuesday.

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October 23, 2023

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Updated at 11:52 am EDT U.S. stocks turned higher Monday, heading into the busiest earnings week of the year on Wall Street, amid a pullback in Treasury bond yields that followed the first breach of 5% for 10-year notes since 2007. Investors, however, continue to track developments in Israel's war with Hamas, which launched its deadly attack from Gaza three weeks ago, as leaders around the region, and the wider world, work to contain the fighting and broker at least a form of cease-fire. Humanitarian aid is also making its way into Gaza, through the territory's border with Egypt, as officials continue to work for the release of more than 200 Israelis taken hostage by Hamas during the October 7 attack. Those diplomatic efforts eased some of the market's concern in overnight trading, but the lingering risk that regional adversaries such as Iran, or even Saudi Arabia, could be drawn into the conflict continues to blunt risk appetite. Still, the U.S. dollar index, which tracks the greenback against a basket of six global currencies and acts as the safe-haven benchmark in times of market turmoil, fell 0.37% in early New York trading 105.773, suggesting some modest moves into riskier assets. The Japanese yen, however, eased past the 150 mark in overnight dealing, a level that has some traders awaiting intervention from the Bank of Japan and which may have triggered small amounts of dollar sales and yen purchases. In the bond market, benchmark 10-year note yields breached the 5% mark in overnight trading, after briefly surpassing that level late last week for the first time since 2007, but were last seen trading at 4.867% ahead of $141 billion in 2-year, 5-year and 7-year note auctions later this week. Global oil prices were also lower, following two consecutive weekly gains that has take Brent crude, the global pricing benchmark, firmly past $90 a barrel amid supply disruption concerns tied to the middle east conflict. Brent contracts for December delivery were last seen $1.06 lower on the session at $91.07 per barrel while WTI futures contract for the same month fell $1.36 to $86.72 per barrel. Market volatility gauges were also active, with the CBOE Group's VIX index hitting a fresh seven-month high of $23.08 before easing to $20.18 later in the session. That level suggests traders are expecting ranges on the S&P 500 of around 1.26%, or 53 points, over the next month. A busy earnings week also indicates the likelihood of elevated trading volatility, with 158 S&P 500 companies reporting third quarter earnings over the next five days, including mega cap tech names such as Google parent Alphabet  (GOOGL) - Get Free Report, Microsoft  (MSFT) - Get Free Report, retail and cloud computing giant Amazon  (AMZN) - Get Free Report and Facebook owner Meta Platforms  (META) - Get Free Report. "It’s shaping up to be a big week for the market and it comes as the S&P 500 is testing a key level—the four-month low it set earlier this month," said Chris Larkin, managing director for trading and investing at E*TRADE from Morgan Stanley. "How the market responds to that test may hinge on sentiment, which often plays a larger-than-average role around this time of year," he added. "And right now, concerns about rising interest rates and geopolitical turmoil have the potential to exacerbate the market’s swings." Heading into the middle of the trading day on Wall Street, the S&P 500, which is down 8% from its early July peak, the highest of the year, was up 10 points, or 0.25%. The Dow Jones Industrial Average, which slumped into negative territory for the year last week, was marked 10 points lower while the Nasdaq, which fell 4.31% last week, was up 66 points, or 0.51%. In overseas markets, Europe's Stoxx 600 was marked 0.11% lower by the close of Frankfurt trading, with markets largely tracking U.S. stocks as well as the broader conflict in Israel. In Asia, a  slump in China stocks took the benchmark CSI 300 to a fresh 2019 low and pulled the region-wide MSCI ex-Japan 0.72% lower into the close of trading.
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iPhone Maker Foxconn Investigated By Chinese Authorities

Foxconn, the Taiwanese company that manufactures iPhones on behalf of Apple (AAPL), is being investigated by Chinese authorities, according to multiple…

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October 23, 2023

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Foxconn, the Taiwanese company that manufactures iPhones on behalf of Apple (AAPL), is being investigated by Chinese authorities, according to multiple media reports. Foxconn’s business has been searched by Chinese authorities and China’s main tax authority has conducted inspections of Foxconn’s manufacturing operations in the Chinese provinces of Guangdong and Jiangsu. At the same time, China’s natural-resources department has begun onsite investigations into Foxconn’s land use in Henan and Hubei provinces within China. Foxconn has manufacturing facilities focused on Apple products in three of the Chinese provinces where authorities are carrying out searches. While headquartered in Taiwan, Foxconn has a huge manufacturing presence in China and is a large employer in the nation of 1.4 billion people. The investigations suggest that China is ramping up pressure on the company as Foxconn considers major investments in India, and as presidential elections approach in Taiwan. Foxconn founder Terry Gou said in August of this year that he intends to run for the Taiwanese presidency. He has resigned from the company’s board of directors but continues to hold a 12.5% stake in the company. Gou is currently in fourth place in the polls ahead of the election that is scheduled to be held in January 2024. The potential impact on Apple and its iPhone manufacturing comes amid rising political tensions between politicians in Washington, D.C. and Beijing. Apple’s stock has risen 16% over the last 12 months and currently trades at $172.88 U.S. per share.  

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