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3 Penny Stocks That Investors Are Watching Right Now And Why

Can these high-volume penny stocks continue to push up?
The post 3 Penny Stocks That Investors Are Watching Right Now And Why appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.

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Why These Penny Stocks Have High Volume Right Now 

Finding penny stocks with high volume can be a great way to make a watchlist in 2022. And while volume can be a useful indicator for different metrics, there are others that should also be taken into consideration. But, to understand why volume is important, we have to take a look at what we can infer from using it as a data point. 

Using Volume to Find Penny Stocks to Buy 

For those unfamiliar, volume has a direct correlation with how popular a penny stock is. This is because volume is the amount of shares traded in a given day. And while volume on a single day may not be enough information, if we compare that number to previous daily volumes, we can begin to identify trends. 

[Read More] 5 Hot Meme Stocks To Buy For Pennies Right Now

For example, if a penny stock has an average volume of 1 million, and the next day it trades over 10 million, there is clearly a factor at play. This could be anything from popularity of a given stock on social media to a company wide announcement or balance sheet release. But understanding what is causing the movement, is paramount to making money with penny stocks. 

So, while volume is not nearly the only indicator used to find penny stocks to buy, it can be very helpful in deducing which companies could be worth looking into. With that in mind, let’s take a look at three penny stocks that investors are watching with high volume right now. 

3 Penny Stocks With High Volume That Investors Are Watching 

  1. Phunware Inc. (NASDAQ: PHUN) 
  2. FuelCell Energy Inc. (NASDAQ: FCEL) 
  3. Ocugen Inc. (NASDAQ: OCGN) 

Phunware Inc. (NASDAQ: PHUN) 

With a 5% gain at midday, Phunware is once again the focus of many investors. In the past six months, shares of PHUN stock have climbed by over 169%, including a more than 400% gain in mid-October of last year. While shares have since corrected slightly, there’s no doubting the popularity of Phunware right now. 

The main reason behind Phunware’s rise comes with its relationship to Digital World Acquisition Corp. (NASDAQ: DWAC). If you’re not familiar, this is an SPAC that is set to take merge with Trump Media & Technology to take Donald Trump’s social media company public. Back in the 2020 presidential election, Phunware built the mobile application for the Trump campaign. And as a result, many investors are speculating that it could become involved in the DWAC merger. 

If all that isn’t enough, the company is also heavily involved in the crypto industry, buying up Bitcoin several times over the past few months. So, while the latest moves from PHUN stock are highly speculative, there’s no doubting the interest that investors have in the company. Whether this makes PHUN stock worth adding to your penny stocks watchlist however, is up to you. 

FuelCell Energy Inc. (NASDAQ: FCEL) 

Another decent mover of the day so far is FCEL stock, pushing up by around 2% at midday. Despite a 30% drop in the last month we are seeing a slight bullish turnaround with FCEL stock. Now, it’s hard to say if this shift can continue to occur, but, to understand this further, let’s take a closer look at the company. Interestingly enough, the company expects its revenue to grow by over 109% for the fiscal 2022 year. This would be due to both heightened module sales as well as expanding its top line. 

[Read More] Trading Penny Stocks? Top Stock Market News For January 20th, 2022

While many analysts claim that FCEL is a hold rather than a buy, others believe that the long term future of the sustainable energy market has a lot of promise. Fuel Cell is a leader in renewable energy tech and produces products that aid in the adoption of solar, wind, and other turn-key distributed power generation products. And recently, the company announced that it has achieved conditional commercial operation at its Long Island SureSource fuel cell project. 

“We are excited to be in commercial operation of our fuel cell platform in the Town of Brookhaven, New York. We are executing on our promise to enable electrical resiliency and to deliver needed clean base load power to central Long Island, while reducing above ground risk associated with long distance high voltage transmission lines.

Utilizing three of our fuel cell platforms, we will deliver to the grid 24/7 power that is enough to power approximately 7,500 homes from a footprint slightly larger than a couple of tennis courts.” 

The CEO of FuelCell, Jason Few

This is all highly encouraging news and should be kept in mind for all investors. With that considered, is FCEL stock worth buying or not?

Penny_Stocks_to_Watch_FuelCell (FCEL Stock Chart)

Ocugen Inc. (NASDAQ: OCGN) 

OCGN is a popular penny stock that has shown higher than average volume over the past few weeks. With a 1.75% gain by midday on January 20th, shares of OCGN stock are up by over 69% in the past year. 

While it has declined from over $15 per share in November, some believe that Ocugen could be worth keeping an eye on. Only a week or so ago, the company announced that its Covid-19 vaccine booster proved to be effective against the Omicron variant. For some context, this vaccine was developed by Bharat Biotech, which is a partner of Ocugen. 

Right now, there is a major amount of positive emphasis on any company that has involvement in treating Covid. And because of this, OCGN stock has received a sizable amount of attention in the past few weeks and months. Considering all of this, do you think that OCGN stock is worth adding to your penny stocks watchlist?

Penny_Stocks_to_Watch_Ocugen Inc. (OCGN Stock Chart)

Which Penny Stocks Are You Watching Right Now?

With such a wide array of penny stocks to choose from in 2022, investors have to be picky about the stocks they plan to buy. Right now, factors such as inflation, the U.S. economy at large, and certain geopolitical events, are all impacting how penny stocks trade. 

[Read More] Best Penny Stocks to Buy Right Now? Check These 3 Out As January Ends

Because of this, staying as up to date as possible with everything going on in the stock market, will be crucial to making money with penny stocks. And although it can be challenging given the sheer amount of volatility at play right now, with the right strategy, it can be much easier than previously imagined. Considering all of this, which penny stocks are you watching right now?

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The post 3 Penny Stocks That Investors Are Watching Right Now And Why appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.

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China Auto Sales Jump 55% Year Over Year As Price Cuts Continue To Move NEV Metal

China Auto Sales Jump 55% Year Over Year As Price Cuts Continue To Move NEV Metal

Retail sales of passenger vehicles scorched higher in May,…

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June 7, 2023

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China Auto Sales Jump 55% Year Over Year As Price Cuts Continue To Move NEV Metal

Retail sales of passenger vehicles scorched higher in May, with 1.76 million units sold, according to preliminary data from the China Passenger Car Association released this week. 

The sales figure represents 8% growth from the month prior. As has been the case over the last several years, new energy vehicles continue to grow disproportionately to the rest of the sector, driving sales higher.

Last month 557,000 NEVs were sold, growth of 55% year over year and 6% sequentially, according to a Bloomberg wrap up of the data. 

The sales boost comes as the country slashed prices to move metal throughout the first 5 months of the year. In late May we noted that China's auto industry association was urging automakers to "cool" the hype behind price cuts that were sweeping across the country. 

The price cuts were getting so egregious that the China Association of Automobile Manufacturers went so far as to put out a message on its official WeChat account, stating that "a price war is not a long-term solution". Instead "automakers should work harder on technology and branding," it said at the time.

Recall we wrote in May that most major automakers were slashing prices in China. The move is coming after lifting pandemic controls failed to spur significant demand in China, the Wall Street Journal reported last month. Ford and GM will be joined by BMW and Volkswagen in offering the discounts and promotions on EVs, the report says. 

At the time, Ford was offering $6,000 off its Mustang Mach-E, putting the standard version of its EV at just $31,000. In April, prior to the discounts, only 84 of the vehicles were sold, compared to 1,500 sales in December. There was some pulling forward of demand due to the phasing out of subsidies heading into the new year, and Ford had also cut prices by about 9% in December. 

A spokesperson for Ford called it a "stock clearance" at the time. 

Discounts at Volkswagen ranged from around $2,200 to $7,300 a car. Its electric ID series is seeing price cuts of almost $6,000. The company called the cuts "temporary promotions due to general reluctance among car buyers, the new emissions rule and discounts offered by competitors."

China followed suit, and thus, now we have the sales numbers to prove it...

Tyler Durden Wed, 06/07/2023 - 20:00

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World Bank: Global Economic Growth Expected To Slow To 2008 Levels

World Bank: Global Economic Growth Expected To Slow To 2008 Levels

Authored by Michael Maharrey via SchiffGold.com,

Most people in the mainstream…

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June 7, 2023

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World Bank: Global Economic Growth Expected To Slow To 2008 Levels

Authored by Michael Maharrey via SchiffGold.com,

Most people in the mainstream concede that the economy is heading for a recession, but the consensus seems to be that downturn will be short and shallow. Projections by the World Bank undercut that optimism.

According to the World Bank, global growth in 2023 will slow to the lowest level since the 2008 financial crisis.

In other words, the World Bank is predicting the beginning of Great Recession 2.0.

You might recall that the Great Recession was neither short nor shallow.

In fact, World Bank Group chief economist and senior vice president Indermit Gill said, “The world economy is in a precarious position.”

According to the World Bank’s new Global Economic Prospects report, global growth is projected to decelerate to 2.1% this year, falling from 3.1% in 2022. The bank forecasts a significant slowdown during the last half of this year.

That would match the global growth rate during the 2008 financial crisis.

According to the World Bank, higher interest rates, inflation, and more restrictive credit conditions will drive the economic downturn.

The report forecasts that growth in advanced economies will slow from 2.6% in 2022 to 0.7% this year and remain weak in 2024.

Emerging market economies will feel significant pain from the economic slowdown. Yahoo Finance reported, “Higher interest rates are a problem for emerging markets, which already were reeling from the overlapping shocks of the pandemic and the Russian invasion of Ukraine. They make it harder for those economies to service debt loans denominated in US dollars.”

The World Bank report paints a bleak picture.

The world economy remains hobbled. Besieged by high inflation, tight global financial markets, and record debt levels, many countries are simply growing poorer.”

Absent from the World Bank analysis is any mention of how more than a decade of artificially low interest rates and trillions of dollars in quantitative easing by central banks created the wave of inflation that continues to sweep the globe, along with massive levels of debt and all kinds of economic bubbles.

If you listen to the mainstream narrative, you would think inflation just came out of nowhere, and central banks are innocent victims nobly struggling to save the day by raising interest rates. Pundits fret about rising rates but never mention that rates were only so low for so long because of the actions of central banks. And they seem oblivious to the consequences of those policies.

But being oblivious doesn’t shield you from the impact of those consequences.

In reality, central banks and governments implemented policies intended to incentivize the accumulation of debt. They created trillions of dollars out of thin air and showered the world with stimulus, unleashing the inflation monster. And now they’re trying to battle the dragon they set loose by raising interest rates. This will inevitably pop the bubble they intentionally blew up. That’s why the World Bank is forecasting Great Recession-era growth. All of this was entirely predictable.

After all, artificially low interest rates are the mother’s milk of a global economy built on easy money and debt. When you take away the milk, the baby gets hungry. That’s what’s happening today. With interest rates rising, the bubbles are starting to pop.

And it’s probably going to be much worse than most people realize. There are more malinvestments, more debt, and more bubbles in the global economy today than there were in 2008. There is every reason to believe the bust will be much worse today than it was then.

In other words, you can strike “short” and “shallow” from your recession vocabulary.

Even the World Bank is hinting at this.

Tyler Durden Wed, 06/07/2023 - 15:20

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DNAmFitAge: Biological age indicator incorporating physical fitness

“We expect DNAmFitAge will be a useful biomarker for quantifying fitness benefits at an epigenetic level and can be used to evaluate exercise-based interventions.”…

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June 7, 2023

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“We expect DNAmFitAge will be a useful biomarker for quantifying fitness benefits at an epigenetic level and can be used to evaluate exercise-based interventions.”

Credit: 2023 McGreevy et al.

“We expect DNAmFitAge will be a useful biomarker for quantifying fitness benefits at an epigenetic level and can be used to evaluate exercise-based interventions.”

BUFFALO, NY- June 7, 2023 – A new research paper was published in Aging (listed by MEDLINE/PubMed as “Aging (Albany NY)” and “Aging-US” by Web of Science) Volume 15, Issue 10, entitled, “DNAmFitAge: biological age indicator incorporating physical fitness.”

Physical fitness is a well-known correlate of health and the aging process and DNA methylation (DNAm) data can capture aging via epigenetic clocks. However, current epigenetic clocks did not yet use measures of mobility, strength, lung, or endurance fitness in their construction. 

In this new study, researchers Kristen M. McGreevy, Zsolt Radak, Ferenc Torma, Matyas Jokai, Ake T. Lu, Daniel W. Belsky, Alexandra Binder, Riccardo E. Marioni, Luigi Ferrucci, Ewelina Pośpiech, Wojciech Branicki, Andrzej Ossowski, Aneta Sitek, Magdalena Spólnicka, Laura M. Raffield, Alex P. Reiner, Simon Cox, Michael Kobor, David L. Corcoran, and Steve Horvath from the University of California Los Angeles, University of Physical Education, Altos Labs, Columbia University Mailman School of Public Health, University of Hawaii, University of Edinburgh, National Institute on Aging, Jagiellonian University, Pomeranian Medical University in Szczecin, University of Łódź, Central Forensic Laboratory of the Police in Warsaw, Poland, University of North Carolina at Chapel Hill, University of Washington, and University of British Columbia develop blood-based DNAm biomarkers for fitness parameters including gait speed (walking speed), maximum handgrip strength, forced expiratory volume in one second (FEV1), and maximal oxygen uptake (VO2max) which have modest correlation with fitness parameters in five large-scale validation datasets (average r between 0.16–0.48). 

“These parameters were chosen because handgrip strength and VO2max provide insight into the two main categories of fitness: strength and endurance [23], and gait speed and FEV1 provide insight into fitness-related organ function: mobility and lung function [8, 24].”

The researchers then used these DNAm fitness parameter biomarkers with DNAmGrimAge, a DNAm mortality risk estimate, to construct DNAmFitAge, a new biological age indicator that incorporates physical fitness. DNAmFitAge was associated with low-intermediate physical activity levels across validation datasets (p = 6.4E-13), and younger/fitter DNAmFitAge corresponds to stronger DNAm fitness parameters in both males and females. 

DNAmFitAge was lower (p = 0.046) and DNAmVO2max is higher (p = 0.023) in male body builders compared to controls. Physically fit people had a younger DNAmFitAge and experienced better age-related outcomes: lower mortality risk (p = 7.2E-51), coronary heart disease risk (p = 2.6E-8), and increased disease-free status (p = 1.1E-7). These new DNAm biomarkers provide researchers a new method to incorporate physical fitness into epigenetic clocks.

“Our newly constructed DNAm biomarkers and DNAmFitAge provide researchers and physicians a new method to incorporate physical fitness into epigenetic clocks and emphasizes the effect lifestyle has on the aging methylome.”
 

Read the full study: DOI: https://doi.org/10.18632/aging.204538 

Corresponding Authors: Kristen M. McGreevy, Zsolt Radak, Steve Horvath

Corresponding Emails: kristenmae@ucla.edu, radak.zsolt@tf.hu, shorvath@mednet.ucla.edu 

Keywords: epigenetics, aging, physical fitness, biological age, DNA methylation

Sign up for free Altmetric alerts about this article: https://aging.altmetric.com/details/email_updates?id=10.18632%2Faging.204538

 

About Aging-US:

Launched in 2009, Aging publishes papers of general interest and biological significance in all fields of aging research and age-related diseases, including cancer—and now, with a special focus on COVID-19 vulnerability as an age-dependent syndrome. Topics in Aging go beyond traditional gerontology, including, but not limited to, cellular and molecular biology, human age-related diseases, pathology in model organisms, signal transduction pathways (e.g., p53, sirtuins, and PI-3K/AKT/mTOR, among others), and approaches to modulating these signaling pathways.

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Journal

Aging-US

DOI

10.18632/aging.204538

Method of Research

Experimental study

Subject of Research

People

Article Title

DNAmFitAge: biological age indicator incorporating physical fitness

Article Publication Date

31-May-2023

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