Connect with us

3 Hot Penny Stocks to Watch As The First Week of January Ends

Here are three penny stocks to watch as the first week of January ends
The post 3 Hot Penny Stocks to Watch As The First Week of January Ends appeared first on Penny Stocks to Buy, Picks, News and Information |



Are These Penny Stocks on Your Watchlist This Week?

As we get rolling on another year of trading penny stocks, there is a lot for investors to understand. Although it can seem difficult to keep up with everything simultaneously, if we break it down one by one, it can be much easier to do. In the past two years, we’ve seen several major paradigm shifts with both penny stocks and blue chips

For one, the influx of retail investors has resulted in higher volatility than in many years prior. Second, the influence of social media on investing has served to multiply that volatility and substantially increase speculation. 

[Read More] These Penny Stocks Exploded Today, Here’s Why

Lastly, we have to consider the effects of the pandemic and resulting inflation. This is arguably the biggest mover and shaker we have to consider when investing in penny stocks in 2022. And now, with the rise of the Omicron variant and the U.S. hitting over 1 million cases per day, we are likely to see this volatility continue. In addition, many believe that cases could continue to rise into the next few weeks. For that reason, it’s crucial to understand exactly how the market is moving and how to take advantage. 

But, with large market fluctuations comes the potential to make money with penny stocks. So, with all of this in mind, let’s take a look at three penny stocks to add to your watchlist in 2022. 

3 Penny Stocks to Watch This Coming Week 

  1. Invacare Corp. (NYSE: IVC
  2. Ebang International Holdings Inc. (NASDAQ: EBON)
  3. Greenpro Capital Corp. (NASDAQ: GRNQ

Invacare Corp. (NYSE: IVC) 

On January 5th, shares of IVC stock managed to climb by over 2.8% at midday. And, in the past month, that number jumps to over 19%, which is no small feat. While in the past twelve months, IVC stock has dropped by almost 70%, we are seeing a small bullish turnaround for the company with now. 

To understand why we have to take a closer look at it. While no news came out today, the company did make an exciting announcement only a few weeks ago. In early December, it stated that it would be realigning its Europe and Asia Pacific businesses to a single leader to help it run more efficiently. Geoff Purtil will now be the SVP and General Manager of EMEA and Asia Pacific. 

“As we finish the second year in this challenging and dynamic pandemic environment, we continue to look for ways to satisfy our customers more efficiently and effectively to drive sustainable growth. As we extend our leadership in the markets we serve, we must also make bold changes to reduce complexity and simplify and integrate how we operate in order to ensure we can quickly evolve with the marketplace.” 

The CEO of Invacare, Matt Monaghan

This is great news for the company and should help it to continue growing in the future. While it is hard to say what the long-term direction of IVC stock is, it’s clear that there is some bullish sentiment with it right now. Considering this, will it be on your list of penny stocks to watch?

Ebang International Holdings Inc. (NASDAQ: EBON) 

In the past few days, EBON stock has seen sizable bullish sentiment. While it is hard to say with certainty how long this will continue, there’s no doubting that it is an exciting prospect right now. In the past five days, shares of EBON stock have jumped by over 16%. This is a substantial increase and one that is highlighted by social sentiment and speculation. 

[Read More] Best Penny Stocks For January 2022 To Buy Under $5

It’s worth noting that Ebang is tied heavily to the cryptocurrency industry. And as a result, it tends to move when cryptocurrency moves. Despite Bitcoin being down in the last few days, EBON stock has been moving up. So to understand this, we have to take a look at its most recent announcements. 

A few weeks ago, the company held its annual shareholder meeting. This comes on the heels of its annual report which was filed on April 30th, 2021. Aside from its ties to cryptocurrency, EBON works in the blockchain industry designing application-specific integrated circuits or ASICs.

These are used in a variety of Bitcoin mining machines, and therefore, have become very popular in the past few years. While EBON stock is highly volatile, the company does look like it could have a lot to offer the more speculative investors. With all of that in mind, do you think that EBON stock is worth buying or not?


Greenpro Capital Corp. (NASDAQ: GRNQ) 

With a 3.5% gain at EOD on January 5th, GRNQ stock is once again in focus. It’s worth noting that we’ve covered GRNQ stock plenty of times in the past few weeks and over the last five days, shares have climbed by over 11%. This represents a clear bullish turnaround from its less-than-stellar twelve-month performance. 

So, why are shares of GRNQ stock moving right now? Well, a few days ago, the company announced the establishment of a Shariah complaint ESGH Digital asset exchange and marketplace in Malaysia. The exchange will offer an NFT marketplace, a carbon credit exchange, cryptocurrency exchange, and more. 

“Parallel to the rapid growth of the cryptocurrency industry is the rapid growth of cryptocurrency regulation, STO is considered to be a very efficient method of alternative financing. Due to the world’s trend moving towards ESG and decarbonization, and the successful track record in our CryptoSX Digital Exchange, we are expecting a large number of international issuers to list on our Shariah Compliant ESG Digital Asset Exchange.” 

The CEO of Greenpro, Dr. Lee

Right now, there is a major amount of bullish sentiment with crypto and anything relating to blockchain. And, as a result, GRNQ stock could be worth adding to your list of penny stocks to watch. 


Which Penny Stocks Are You Buying Next Week?

If you’re looking for the best penny stocks to buy, there are hundreds of options to choose from. But, because of the sheer number of penny stocks out there, investors need to be selective with the companies that they are watching. Right now, the largest impacting factor on the stock market continues to be the Omicron variant. 

[Read More] Best Penny Stocks to Buy Today? 3 For Your Watchlist

With cases topping 1 million per day, we’re likely to see this massive volatility continue into the near future. Now in the long term, many investors expect that Covid cases will begin to decrease. This could eventually spark a bullish rally, however, it seems as though it is too soon to say. So, with all of this in mind, which penny stocks are you buying next week?

If you enjoyed this article and you’re interested in learning how to trade so you can have the best chance to profit consistently then you need to checkout this YouTube channel. CLICK HERE RIGHT NOW!

The post 3 Hot Penny Stocks to Watch As The First Week of January Ends appeared first on Penny Stocks to Buy, Picks, News and Information |

Read More

Continue Reading


Treasury Market Plays Catch-Up With Higher-For-Longer Risk

The collective wisdom of the bond market for much of this year has been betting that interest rates would soon peak and fall. But those bets appear to…



The collective wisdom of the bond market for much of this year has been betting that interest rates would soon peak and fall. But those bets appear to be unwinding in the wake of Wednesday’s Federal Reserve meeting and press conference.

Exhibit A is the rise in the 2- and 10-year Treasury yields, which are widely followed as key maturities for economic and financial markets analytics. On those fronts the crowd is reassessing its recent view that rate cuts are on the near-term horizon.

Let’s start with the 2-year Treasury yield, which is considered a proxy for market expectations on Fed policy. For much of this year the 2-year yield has traded below the effective Fed funds rate, which implies that the market expects the central bank’s rate hike will peak and perhaps reverse. But that view appears to be fading as the 2-year yield moves closer to the current 5.25%-to-5.50% Fed funds rate range.

The 10-year yield is pushing higher again too. In yesterday’s trading (Sep. 21), the benchmark rate rose to 4.49%, the highest since 2007.

Inflation-indexed Treasury yields continue to push higher too, testing the 2%-plus real range.

One of the catalysts that’s reportedly behind the latest run of higher Treasury yields is Fed Chair Powell’s hawkish comments on Wednesday on the matter of real (inflation-adjusted) interest rates.

“It’s a real rate that will matter and that needs to be sufficiently restrictive,” he advised, although exactly what level defines “restrictive” was left unsaid. “I would say you know it’s sufficiently restrictive only when you see it,” he added. “It’s not something you can arrive at with confidence in a model or in various estimates.”

By some accounts, the Fed appears to be on a path to leave rates higher for longer. Fed rate hikes may be over, or perhaps there’s one more in the pipeline, but rate cuts are expected to come later than recently expected.

As The Wall Street Journal reports:

“The fact that we’ve come this far lets us really proceed carefully,” said Powell. He used those words—“proceed carefully”—six times during Wednesday’s news conference, a sign of heightened caution about lifting rates.

“He didn’t sound to me like he was itching to hike again,” said Michael Feroli, chief U.S. economist at JPMorgan Chase, who thinks the Fed’s July rate rise will be its last for the current cycle. “For Powell, he sounds like he’s pretty comfortable where they are, sitting back, and watching things play out,” Feroli said.

The new dot plots for the Fed – the FOMC participants expectations for the Fed funds rate – supports the case for a higher for longer outlook. The FT notes:

The median estimate of the Fed’s 19 policymakers is for the bank’s benchmark rate to fall to just 5 per cent to 5.25 per cent next year. That was significantly higher than the 4.5 per cent to 4.75 per cent they signaled when the dot plot was last updated in June. By 2026, it was still forecast to be between 2.75 per cent and 3 per cent.

“What they’re saying there is if you have stronger growth for this year and next, it increases the risk that core inflation does not descend as much as they hope and expect,” said Daleep Singh, an ex-New York Fed official who is now chief global economist at PGIM Fixed Income.

“Therefore there is a potential need to keep nominal interest rates somewhat higher than they previously forecast,” he added.

The good news for investors is that the highest yields in ~15 years, either real or nominal, can be locked in with a buy-and-hold strategy. No one knows if current rates are at or near a peak, but this much is clear: the case for a relatively higher allocation to Treasuries vs. recent history hasn’t looked this compelling since George W. Bush was walking the floor in the Oval Office.

Learn To Use R For Portfolio Analysis
Quantitative Investment Portfolio Analytics In R:
An Introduction To R For Modeling Portfolio Risk and Return

By James Picerno

Read More

Continue Reading


Bitcoin mining can help reduce up to 8% of global emissions: Report

The report highlighted that Bitcoin mining can convert wasted methane emissions into less harmful emissions.
A paper published by the…



The report highlighted that Bitcoin mining can convert wasted methane emissions into less harmful emissions.

A paper published by the Institute of Risk Management (IRM) concluded that Bitcoin (BTC) has the potential to be a catalyst for a global energy transition. 

IRM Energy and Renewables Group members Dylan Campbell and Alexander Larsen published a report titled “Bitcoin and the Energy Transition: From Risk to Opportunity.” The paper argued that while BTC was perceived as a risk because of its energy consumption, it can also catalyze energy transition and lead to new solutions for energy challenges worldwide.

Within the report, the authors also highlighted the important function of energy and the increasing need for reliable, clean and more affordable energy sources. Despite the criticisms of Bitcoin’s energy intensity, the study provided a more balanced view of Bitcoin by showing the potential benefits BTC can bring to the energy industry.

Amount of vented methane that can be used in Bitcoin mining. Source: IRM

According to the report, Bitcoin mining can reduce global emissions by up to 8% by 2030. This can be done by converting the world’s wasted methane emissions into less harmful emissions. The report cited a theoretical case saying that using captured methane to power Bitcoin mining operations can reduce the amount of methane vented into the atmosphere. 

Related: Bitcoin energy pivot achieves what ‘few industries can claim’ — Bloomberg analyst

The paper also presented other opportunities for Bitcoin to contribute to the energy sector. According to the report, Bitcoin can contribute to energy efficiency through electricity grid management by using Bitcoin miners and transferring heat from miners to greenhouses.

“We have shown that while Bitcoin is a consumer of electricity, this does not translate to it being a high emitter of carbon dioxide and other atmospheric pollutants. Bitcoin can be the catalyst to a cleaner, more energy-abundant future for all,” the authors wrote.

Magazine: How to protect your crypto in a volatile market: Bitcoin OGs and experts weigh in

Read More

Continue Reading


GBP/USD extends losses on mixed UK data

UK retail sales improve, PMIs remain in contraction The British pound is in negative territory after two days of losses. In the European session, GBP/USD…



  • UK retail sales improve, PMIs remain in contraction

The British pound is in negative territory after two days of losses. In the European session, GBP/USD is trading at 1.2245, down 0.40%. The struggling pound is down 1.1% this week and is trading at its lowest levels since late March.

UK retail sales improve, PMIs mixed

It is a busy day on the data calendar for UK releases. Retail sales rose in August by 0.4% m/m, following a 1.1% decline in July and was just shy of the market consensus of 0.5%. The sharp decline in July was largely due to unusually wet weather. On an annual basis, retail sales fell by 1.4%, compared to -3.1% in July. Consumer spending has been in a nasty rut, as annualized retail sales have now declined for 17 straight months. The silver lining was that the -1.4% drop marked the slowest pace of contraction in the current streak.

The September PMIs were a mixed bag. The Services PMI slowed to 47.2 in September, down from 49.5 in August and missing the consensus estimate of 49.2. This marked a second straight deceleration and the sharpest contraction since January 2021. The Manufacturing PMI increased to 44.2 in September, up from 43.0 in August and above the consensus estimate of 43.0.

The decline in activity in both services and manufacturing points to a UK economy that continues to cool. The Bank of England, which held interest rates on Thursday, will be hoping that the slowdown translates into lower inflation and that it can continue to hold interest rates.

UK consumer confidence remains low, but there was a bit of an improvement in September. The GfK consumer confidence index rose to -21, up from -25 in August and beating the consensus estimate of -27. This was the highest reading since January 2022, but the economy has a long way to go before consumers show optimism about the economic outlook.


GBP/USD Technical

  • GBP/USD is testing support at 1.2267. The next support level is 1.2156
  • There is resistance at 1.2325 and 1.2436

Read More

Continue Reading