Connect with us

International

3 Penny Stocks On Robinhood To Watch Before The End Of August

Looking for biotech penny stocks to watch? Check these 3 out for your list
The post 3 Penny Stocks On Robinhood To Watch Before The End Of August appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.

Published

on

Are These Biotech Penny Stocks Worth Watching Right Now?

There’s a reason why biotech penny stocks have remained so popular among investors this year. And while Covid initially was the main cause for heightened investor interest, its lasting effect has helped to bring a slew of traders into the biotech industry. 

A year and a half ago, investors were looking for biotech penny stocks that could benefit from Covid. This made sense as the pandemic was just beginning, and companies involved in vaccines or treatments were skyrocketing in value. However, as time went on and the focus on biotech continued to grow, more and more companies began to show potential. 

[Read More] Are Penny Stocks Worth It? 5 That Deserve Your Attention Now

Now, in August, there are hundreds of biotech penny stocks to choose from, all with different value points for investors to consider. As always, traders should do as much research as possible to ensure that they know exactly what they’re getting into. But, with the internet at our fingertips, research is easier than ever before. On top of that, applications like Robinhood have made it that much easier to trade penny stocks. With that in mind, here are a few biotech stocks that could be on the watch list before the end of the month.

3 Biotech Penny Stocks to Watch Right Now

  1. ReShape Lifesciences Inc. (NASDAQ: RSLS
  2. Asensus Surgical Inc. (NYSE: ASXC
  3. Chembio Diagnostics Inc. (NASDAQ: CEMI

ReShape Lifesciences Inc. (NASDAQ: RSLS)

ReShape Lifesciences Inc. is a biotech penny stock that we’ve covered numerous times in the past few months. This company sells products for obesity treatment and for use in solving metabolic diseases. Its various products include Lap-Band System, ReShapeCare, ReShape Diabetes Bloc-Stim Neuromodulation, and much more.

Read More

These products have become extremely popular in the weight loss industry, and have brought a lot of investor attention to RSLS stock. On August 5th the company reported its preliminary unaudited second-quarter 2021 financial results. The company’s revenue went up by 107% year over year in this time frame.

“The second quarter was an exceptional one for the Company. In this period, we completed our highly anticipated merger with Obalon Therapeutics, increased visibility in the financial markets by listing on the Nasdaq and bolstered our diverse product portfolio with the launch of our online wellness hub, ReShape MarketPlace.” 

The President and CEO of RSLS, Bart Bandy

This massive revenue increase is a reflection of more demand for ReShape’s products. In addition, elective procedures have begun to occur at similar levels to pre-covid. On the same day of the news release, RSLS stock went up more than 7%. So, considering all of this, will RSLS make your list of penny stocks to watch?

Asensus Surgical Inc. (NYSE: ASXC)

Asensus Surgical Inc. is another biotech penny stock that we have frequently covered over the past few months. This is a company that creates medical devices in the United States, Asia, and Europe. Asensus researches, develops, and sells medical device robotics for surgery purposes.

Its products include the Senhance Surgical system which is a multi-port robotic surgery system allowing for up to four arms to control robotic instruments and a camera. One of the main reasons that investors are watching ASXC is for its innovations in the surgery industry. Asensus creates these proprietary products which can be used to enhance a large number of common surgical procedures. On August 5th, the company reported its operating and financial results for the second quarter of 2021.

“During the quarter, we continued to drive strong adoption and utilization trends while making progress towards our strategic focus areas, including the expansion of clinical evidence, growth of our installed base, increased procedure volumes, the expansion of our portfolio and the continued technological development of Senhance.”

The President and CEO of Asensus Surgical, Anthony Fernando

In the first half of 2021, the company signed two lease agreements with hospitals to install its Senhance Surgical Systems. It also noted that more than 1000 procedures were performed using this technology in the first half of 2021. ASXC stock went up more than 2% on the day of this news release. Noting this info, is ASXC a contender for your list of penny stocks to watch?

Penny_Stocks_to_Watch_Asensus_Surgical_Inc_ASXC_Stock_Chart

Chembio Diagnostics Inc. (NASDAQ: CEMI)

Since July 20th, shares of CEMI stock have shot up by over 40%. This is a sizable gain in only a short time frame, and one that shows just how much potential CEMI could have. For some context, Chembio is a company that is currently offering test kits for COVID-19 as well as tests for HIV, Syphilis, and the Zika virus.

The company’s products are sold under the SURE CHECK, STAT VIEW, DPP, and STAT-PAK trademarks. While its Covid-19 product does show short-term potential for the company, its other products could help it to succeed in the long term. And, the diseases it provides testing for are all very common around the world, indicating strong market demand for its products moving forward. 

[Read More] Why Penny Stocks Investors Are Bullish on These 3 Small-Caps

On August 5th, Chembio Diagnostics reported its second-quarter financial results for 2021. The company’s total revenue for the quarter grew 26% year over year. In addition to this positive news, its product revenue grew 4% year over year as well. During the quarter, Chembio placed its main focus on its DPP COVID tests.

“In the second quarter, we focused on international commercial opportunities where our DPP COVID test has been approved. These efforts were successful, resulting in the largest order in company history for DPP SARS-CoV-2 Antigen tests from our longstanding customer Bio-Manguinhos. We also made progress on our clinical activity to support U.S. regulatory submissions for our DPP COVID-19 tests.”

The President and CEO of Chembio Diagnostics, Richard Eberly

Considering this exciting news and the potential that CEMI stock could have, is it worth adding to your watchlist?

Penny_Stocks_to_Watch_Chembio_Diagnostics_Inc_CEMI_Stock_Chart

Which Biotech Penny Stocks Are Worth Buying?

Finding the best biotech penny stocks to buy is all about understanding where to look. With so many to choose from, investors should narrow the list down by looking at financials, a company’s pipeline, and any other information it puts out. Taking all of this into consideration, which penny stocks in the biotech industry are you watching right now?

The post 3 Penny Stocks On Robinhood To Watch Before The End Of August appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.

Read More

Continue Reading

International

There will soon be one million seats on this popular Amtrak route

“More people are taking the train than ever before,” says Amtrak’s Executive Vice President.

Published

on

While the size of the United States makes it hard for it to compete with the inter-city train access available in places like Japan and many European countries, Amtrak trains are a very popular transportation option in certain pockets of the country — so much so that the country’s national railway company is expanding its Northeast Corridor by more than one million seats.

Related: This is what it's like to take a 19-hour train from New York to Chicago

Running from Boston all the way south to Washington, D.C., the route is one of the most popular as it passes through the most densely populated part of the country and serves as a commuter train for those who need to go between East Coast cities such as New York and Philadelphia for business.

Veronika Bondarenko captured this photo of New York’s Moynihan Train Hall. 

Veronika Bondarenko

Amtrak launches new routes, promises travelers ‘additional travel options’

Earlier this month, Amtrak announced that it was adding four additional Northeastern routes to its schedule — two more routes between New York’s Penn Station and Union Station in Washington, D.C. on the weekend, a new early-morning weekday route between New York and Philadelphia’s William H. Gray III 30th Street Station and a weekend route between Philadelphia and Boston’s South Station.

More Travel:

According to Amtrak, these additions will increase Northeast Corridor’s service by 20% on the weekdays and 10% on the weekends for a total of one million additional seats when counted by how many will ride the corridor over the year.

“More people are taking the train than ever before and we’re proud to offer our customers additional travel options when they ride with us on the Northeast Regional,” Amtrak Executive Vice President and Chief Commercial Officer Eliot Hamlisch said in a statement on the new routes. “The Northeast Regional gets you where you want to go comfortably, conveniently and sustainably as you breeze past traffic on I-95 for a more enjoyable travel experience.”

Here are some of the other Amtrak changes you can expect to see

Amtrak also said that, in the 2023 financial year, the Northeast Corridor had nearly 9.2 million riders — 8% more than it had pre-pandemic and a 29% increase from 2022. The higher demand, particularly during both off-peak hours and the time when many business travelers use to get to work, is pushing Amtrak to invest into this corridor in particular.

To reach more customers, Amtrak has also made several changes to both its routes and pricing system. In the fall of 2023, it introduced a type of new “Night Owl Fare” — if traveling during very late or very early hours, one can go between cities like New York and Philadelphia or Philadelphia and Washington. D.C. for $5 to $15.

As travel on the same routes during peak hours can reach as much as $300, this was a deliberate move to reach those who have the flexibility of time and might have otherwise preferred more affordable methods of transportation such as the bus. After seeing strong uptake, Amtrak added this type of fare to more Boston routes.

The largest distances, such as the ones between Boston and New York or New York and Washington, are available at the lowest rate for $20.

Read More

Continue Reading

International

The next pandemic? It’s already here for Earth’s wildlife

Bird flu is decimating species already threatened by climate change and habitat loss.

I am a conservation biologist who studies emerging infectious diseases. When people ask me what I think the next pandemic will be I often say that we are in the midst of one – it’s just afflicting a great many species more than ours.

I am referring to the highly pathogenic strain of avian influenza H5N1 (HPAI H5N1), otherwise known as bird flu, which has killed millions of birds and unknown numbers of mammals, particularly during the past three years.

This is the strain that emerged in domestic geese in China in 1997 and quickly jumped to humans in south-east Asia with a mortality rate of around 40-50%. My research group encountered the virus when it killed a mammal, an endangered Owston’s palm civet, in a captive breeding programme in Cuc Phuong National Park Vietnam in 2005.

How these animals caught bird flu was never confirmed. Their diet is mainly earthworms, so they had not been infected by eating diseased poultry like many captive tigers in the region.

This discovery prompted us to collate all confirmed reports of fatal infection with bird flu to assess just how broad a threat to wildlife this virus might pose.

This is how a newly discovered virus in Chinese poultry came to threaten so much of the world’s biodiversity.

H5N1 originated on a Chinese poultry farm in 1997. ChameleonsEye/Shutterstock

The first signs

Until December 2005, most confirmed infections had been found in a few zoos and rescue centres in Thailand and Cambodia. Our analysis in 2006 showed that nearly half (48%) of all the different groups of birds (known to taxonomists as “orders”) contained a species in which a fatal infection of bird flu had been reported. These 13 orders comprised 84% of all bird species.

We reasoned 20 years ago that the strains of H5N1 circulating were probably highly pathogenic to all bird orders. We also showed that the list of confirmed infected species included those that were globally threatened and that important habitats, such as Vietnam’s Mekong delta, lay close to reported poultry outbreaks.

Mammals known to be susceptible to bird flu during the early 2000s included primates, rodents, pigs and rabbits. Large carnivores such as Bengal tigers and clouded leopards were reported to have been killed, as well as domestic cats.

Our 2006 paper showed the ease with which this virus crossed species barriers and suggested it might one day produce a pandemic-scale threat to global biodiversity.

Unfortunately, our warnings were correct.

A roving sickness

Two decades on, bird flu is killing species from the high Arctic to mainland Antarctica.

In the past couple of years, bird flu has spread rapidly across Europe and infiltrated North and South America, killing millions of poultry and a variety of bird and mammal species. A recent paper found that 26 countries have reported at least 48 mammal species that have died from the virus since 2020, when the latest increase in reported infections started.

Not even the ocean is safe. Since 2020, 13 species of aquatic mammal have succumbed, including American sea lions, porpoises and dolphins, often dying in their thousands in South America. A wide range of scavenging and predatory mammals that live on land are now also confirmed to be susceptible, including mountain lions, lynx, brown, black and polar bears.

The UK alone has lost over 75% of its great skuas and seen a 25% decline in northern gannets. Recent declines in sandwich terns (35%) and common terns (42%) were also largely driven by the virus.

Scientists haven’t managed to completely sequence the virus in all affected species. Research and continuous surveillance could tell us how adaptable it ultimately becomes, and whether it can jump to even more species. We know it can already infect humans – one or more genetic mutations may make it more infectious.

At the crossroads

Between January 1 2003 and December 21 2023, 882 cases of human infection with the H5N1 virus were reported from 23 countries, of which 461 (52%) were fatal.

Of these fatal cases, more than half were in Vietnam, China, Cambodia and Laos. Poultry-to-human infections were first recorded in Cambodia in December 2003. Intermittent cases were reported until 2014, followed by a gap until 2023, yielding 41 deaths from 64 cases. The subtype of H5N1 virus responsible has been detected in poultry in Cambodia since 2014. In the early 2000s, the H5N1 virus circulating had a high human mortality rate, so it is worrying that we are now starting to see people dying after contact with poultry again.

It’s not just H5 subtypes of bird flu that concern humans. The H10N1 virus was originally isolated from wild birds in South Korea, but has also been reported in samples from China and Mongolia.

Recent research found that these particular virus subtypes may be able to jump to humans after they were found to be pathogenic in laboratory mice and ferrets. The first person who was confirmed to be infected with H10N5 died in China on January 27 2024, but this patient was also suffering from seasonal flu (H3N2). They had been exposed to live poultry which also tested positive for H10N5.

Species already threatened with extinction are among those which have died due to bird flu in the past three years. The first deaths from the virus in mainland Antarctica have just been confirmed in skuas, highlighting a looming threat to penguin colonies whose eggs and chicks skuas prey on. Humboldt penguins have already been killed by the virus in Chile.

A colony of king penguins.
Remote penguin colonies are already threatened by climate change. AndreAnita/Shutterstock

How can we stem this tsunami of H5N1 and other avian influenzas? Completely overhaul poultry production on a global scale. Make farms self-sufficient in rearing eggs and chicks instead of exporting them internationally. The trend towards megafarms containing over a million birds must be stopped in its tracks.

To prevent the worst outcomes for this virus, we must revisit its primary source: the incubator of intensive poultry farms.

Diana Bell does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

Read More

Continue Reading

International

This is the biggest money mistake you’re making during travel

A retail expert talks of some common money mistakes travelers make on their trips.

Published

on

Travel is expensive. Despite the explosion of travel demand in the two years since the world opened up from the pandemic, survey after survey shows that financial reasons are the biggest factor keeping some from taking their desired trips.

Airfare, accommodation as well as food and entertainment during the trip have all outpaced inflation over the last four years.

Related: This is why we're still spending an insane amount of money on travel

But while there are multiple tricks and “travel hacks” for finding cheaper plane tickets and accommodation, the biggest financial mistake that leads to blown travel budgets is much smaller and more insidious.

A traveler watches a plane takeoff at an airport gate.

Jeshoots on Unsplash

This is what you should (and shouldn’t) spend your money on while abroad

“When it comes to traveling, it's hard to resist buying items so you can have a piece of that memory at home,” Kristen Gall, a retail expert who heads the financial planning section at points-back platform Rakuten, told Travel + Leisure in an interview. “However, it's important to remember that you don't need every souvenir that catches your eye.”

More Travel:

According to Gall, souvenirs not only have a tendency to add up in price but also weight which can in turn require one to pay for extra weight or even another suitcase at the airport — over the last two months, airlines like Delta  (DAL) , American Airlines  (AAL)  and JetBlue Airways  (JBLU)  have all followed each other in increasing baggage prices to in some cases as much as $60 for a first bag and $100 for a second one.

While such extras may not seem like a lot compared to the thousands one might have spent on the hotel and ticket, they all have what is sometimes known as a “coffee” or “takeout effect” in which small expenses can lead one to overspend by a large amount.

‘Save up for one special thing rather than a bunch of trinkets…’

“When traveling abroad, I recommend only purchasing items that you can't get back at home, or that are small enough to not impact your luggage weight,” Gall said. “If you’re set on bringing home a souvenir, save up for one special thing, rather than wasting your money on a bunch of trinkets you may not think twice about once you return home.”

Along with the immediate costs, there is also the risk of purchasing things that go to waste when returning home from an international vacation. Alcohol is subject to airlines’ liquid rules while certain types of foods, particularly meat and other animal products, can be confiscated by customs. 

While one incident of losing an expensive bottle of liquor or cheese brought back from a country like France will often make travelers forever careful, those who travel internationally less frequently will often be unaware of specific rules and be forced to part with something they spent money on at the airport.

“It's important to keep in mind that you're going to have to travel back with everything you purchased,” Gall continued. “[…] Be careful when buying food or wine, as it may not make it through customs. Foods like chocolate are typically fine, but items like meat and produce are likely prohibited to come back into the country.

Related: Veteran fund manager picks favorite stocks for 2024

Read More

Continue Reading

Trending