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3 Penny Stocks To Buy Under $5 As Reopening Trade Heats Up In 2021

Are Reopening Penny Stocks Part Of Your 2021 Strategy?
The post 3 Penny Stocks To Buy Under $5 As Reopening Trade Heats Up In 2021 appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.

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3 years ago

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Will These Cheap Penny Stocks Make Your List This Month?

The changing state of the world has resulted in many reopening penny stocks jumping in value. Global economies are starting to open up more as COVID-19 cases decrease. Part of the reason that cases are dropping is a result of vaccine distribution. As of April 6th, ¼ of America has received the coronavirus vaccination. This accounts for 32.4% of the population or 107.5 million Americans with at least the first of two vaccinations.

Even with this news, people like Dr. Fauci believe that masks could be recommended as far out as 2022. There is still a lot the world does not know about this virus, like mutations and variants. This places many stocks in a state of volatility, as we’ve seen for the last year. The difference now is reopening has begun to escalate.

[Learn More] What Are Penny Stocks & Should You Buy Them In 2021?

Texas has fully reopened the state, California is quickly lifting restrictions, and the same goes for many other states. As this occurs, there will be a large increase in the number of people contributing to the economy. This means getting fuel, eating, shopping, traveling, and more could begin to see an uptick.

Reopening Penny Stocks To Watch In April

Many refer to these companies as epicenter stocks, a term originally coined by Fundstrat’s Tom Lee. This involves companies that experienced mass selloff between the end of February and April of 2020. This article will focus on the companies that could or already benefit from the reopening of global economies.

Nobody knows what truly will happen with reopening at the moment. In some places, COVID cases are still rising, so we are talking about a lot of volatility. Regardless let’s take a look at 3 reopening penny stocks that can be bought for under $5. But just because they’re “cheap,” will they be worth putting on your list heading into Q2?

  1. Express Inc. (NYSE: EXPR)
  2. Centennial Resource Development Inc. (NASDAQ: CDEV)
  3. Ashford Hospitality Trust (NYSE: AHT)

Penny Stocks To Buy For Under $5: Express Inc.

One of the types of epicenter penny stocks that were impacted a lot were those related to retail. So it is no surprise that when March 2020 came around, EXPR stock took a nosedive. The apparel and accessory company sells products in its Express brand retail stores and online. Now in 2021, EXPR stock is rebounding strongly. This reopening stock started the year under $1. At one point in January, EXPR reached upwards of $9.55 per share.

This isn’t January anymore, so where is EXPR stock at, and what is affecting it? The retail stock seems to be receiving a boost after its fourth-quarter earnings. The company posted big gains in its results, which has caused retail traders to see potential in the company. This week, EXPR stock is up 14% so far after reaching a high of $4.56 on Tuesday.

[Read More] Top Penny Stocks Today To Add To Your April 2021 List

Furthermore, the online retail focus of the company could be something to pay close attention to. Thanks to the pandemic, many retailers had to readjust to the market demand, which focused more on digital retail channels. Specifically, Express outlined a strategy that will grow its digital channel to $1.0 billion in 2024. it expects to unveil the details of the strategy in this quarter.

reopening penny stocks to watch right now Express Inc. EXPR stock chart

Centennial Resource Development Inc.

Next up on this list of reopening penny stocks is Centennial Resource Development Inc. It is an oil and gas company that primarily develops oil and gas projects in North America. The company’s charts are looking pretty good in 2021 so far. While CDEV stock is down from recent highs, it is still much higher than it started in 2021. The rally that this company is experiencing is a result of oil and natural gas prices climbing in 2021.

Now that reopening has begun, energy supply and demand are growing. More fuel will be used as people get back on the road, are in the air, and commercial commerce comes back online. But as oil prices rise, it is causing stocks like CDEV to rise kind. The oil market was also recently affected by the Suez Canal mess in which a large ship blocked it.

Since many oil tankers use this canal, it affected the oil market as well. In other recent news, Centennial also announced its intention to offer a $150,000,000 aggregate principal amount of senior notes due 2028. The proceeds will be used to fund the cost of entering capped call transactions and redeem all of its outstanding 8% second lien senior notes due 2025.

reopening penny stocks to watch right now Centenntial Resource Decelopment Inc. CDEV stock chart

Ashford Hospitality Trust (NYSE: AHT)

Hospitality and leisure are, of course, part of the reopening trade. With hotels could be a focal point for the market. Ashford Hospitality Trust invests in upscale and upper-upscale hotel properties in the U.S. These properties operate under Marriott, Hilton, Hyatt, Crowne Plaza, and Sheraton flags. Everything from room revenue to food and beverage are revenue streams for the company.

With numerous states reopening right now, people are starting to venture out. Furthermore, In updated recommendations, the C.D.C. said domestic and international travel was low risk for fully vaccinated Americans. Does this mean travel is 100% back to pre-covid levels? Not by a long stretch. However, with locations in more than half of the states in the continental U.S., the chances are that business could be set to pick up. This is especially a focus in places like Texas, which fully lifted restrictions earlier this year.

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Within Texas alone, Ashford has 13 properties, including Ashton, Embassy Suites, Hilton, Marriott, and Lakeway locations. Furthermore, Pennsylvania and New Jersey, where Ashford also has locations, have begun lifting certain restrictions. In light of this, AHT could be one of the reopening penny stocks to watch right now.

reopening penny stocks to watch right now Ashford Hospitality Trust AHT stock chart

Are Reopening Penny Stocks A “Buy” Right Now?

It’s important to remember that this “reopening trade” has been heavily pushed by speculative momentum. There are still many other states that’ve not lifted restrictions, and many countries are still figuring out the right course of action to reopen. Needless to say, as vaccines continue distribution and case numbers decrease, this could be an interesting trend to follow in the market right now.

The post 3 Penny Stocks To Buy Under $5 As Reopening Trade Heats Up In 2021 appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.

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Stock Market Today: Stocks turn lower as Treasury yield rise mutes earnings gains

A mixed set of big tech earnings, alongside modestly higher Treasury yields, has stocks moving lower into the start of the Wednesday session.

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10 hours ago

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October 25, 2023

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Updated at 10:07 am EDT U.S. turned lower Wednesday, while Treasury yields crept higher and the dollar building gains against its global peers as investors reacted to the first wave of mega-cap tech earnings while continuing to track movements in the bond market. Microsoft  (MSFT) - Get Free Report and Google parent Alphabet  (GOOGL) - Get Free Report kicked-off this week's run of earnings from the so-called 'magnificent seven' late Tuesday with a mixed set of September quarter results, reflecting both the power for AI technologies to boost near-term profits and the impact of surging interest rates on corporate spending. Microsoft's revenue growth in cloud computing, driven in part by its early investments in AI, lifted shares in the tech giant firmly higher in pre-market trading as it looks to add around 85 points to the Dow Jones Industrial Average at the opening bell. Google, meanwhile, slumped 6.6% following a mixed set of third quarter earnings that showed slowing cloud computing growth overshadowing record ad revenues of $59.65 billion. Facebook and Instagram owner Meta Platforms  (META) - Get Free Report posts its third quarter earnings after the bell later today, with magnificent seven stalwart Amazon  (AMZN) - Get Free Report following on Thursday. In the bond market, a muted auction of $51 billion in 2-year notes yesterday, which drew softer demand from both foreign and domestic investors, drew a line under the recent Treasury market rally, which was also tested by a faster-than-expected reading for business activity by S&P Global over the month of October. Benchmark 10-year notes yields were last marked 5 basis points higher in the early New York trading at 4.901% while 2-year notes were pegged at 5.091%, 3 basis points higher than yesterday's auction levels, ahead of a $52 billion sale of 5-year notes later in the session. The U.S. dollar index, meanwhile, was marked 0.14% higher against a basket of six global currency peers and trading at 106.41 heading into the morning session. In other markets, global oil prices drifted modestly higher in early New York trading ahead of Energy Department data on domestic stockpiles and international exports later this morning. Brent crude contracts for December delivery were marked 23 cents higher at $88.31 per barrel while WTI contracts for the same month edged 13 cents higher to $83.87 per barrel. On Wall Street, the S&P 500 was marked 42 points lower, or 0.99%, in the opening hour of trading while the Dow was down 133 points despite the impact of Microsoft's advance. The tech-focused Nasdaq, meanwhile, was down 186 points, or 1.43%, as the slump in Google shares offset a smaller gain for Microsoft. In overseas markets, Europe's Stoxx 600 was marked 0.28% higher in late-day Frankfurt trading amid another busy earnings session while Britain's FTSE 100 edged 0.02% lower in London. Overnight in Asia, reports of a new trillion-yuan bond sale from the Chinese government, worth around $137 billion in U.S. dollar terms and aimed at adding further stimulus to the moribund economy, boosted sentiment and helped regional stocks eek out a modest 0.09% gain heading into the close of trading.
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People in Europe ate seaweed for thousands of years before it largely disappeared from their diets – we wonder why?

The decline of seaweed as part of the staple diet in Europe remains a mystery.

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10 hours ago

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October 25, 2023

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Seaweed isn’t something that generally features today in European recipe books, even though it is widely eaten in Asia. But our team has discovered molecular evidence that shows this wasn’t always the case. People in Europe ate seaweed and freshwater aquatic plants from the Stone Age right up until the Middle Ages before it disappeared from our plates. Our evidence came from skeletal remains, namely the calculus (hardened dental plaque) that built up around the teeth of these people when they were alive. Many centuries later, this calculus still contains molecules that record the food that people ingested. We analysed the calculus from 74 skeletal remains from 28 archaeological sites across Europe. The sites span a period of several thousand years starting in the Mesolithic, when people hunted and gathered their food, through to the earliest farming societies (a stage called the Neolithic) all the way up to the Middle Ages. Our results suggest that seaweed was a habitual part of the diet for the time periods we studied, and became a marginal food only relatively recently. Unsurprisingly, most of the sites where we detected the consumption of seaweed are coastal. But we also found evidence from inland sites that people were ingesting freshwater aquatic plants, including lilies and pondweed. We also found an example of people consuming sea kale.

How are we sure people ate seaweed?

We identified several types of molecules in the dental calculus that collectively are characteristic of seaweed. We refer to these as “biomarkers”. They include a set of chemical compounds called alkylpyrroles. When we detect these compounds together in calculus, we can be fairly sure where they came from. The same goes for other compounds characteristic of seaweed and freshwater plants. To have become embedded in dental calculus, the seaweed and freshwater plants had to have been in the mouth and most probably chewed. Biomarkers do not survive in all our samples, but where they do, they’re found consistently across many individuals we analysed from different places. This suggests seaweed was probably a routine part of the diet.

Perceptions of seaweed

Today, seaweed is often seen as the scourge of beaches. It accumulates at the high-water mark where it can create a slippery and sometimes smelly barrier to the sea. But it is a wondrous world of its own. There are over 10,000 species of seaweed worldwide living in the intertidal zone (where the ocean meets the land between high and low tides) and the subtidal zone (a region below the intertidal zone that is continuously covered by water). Around 145 of these species are eaten today and in parts of Asia it is commonplace. Seaweed is edible, nutritious, sometimes medicinal, abundant and local. Although overconsumption can cause iodine toxicity, there are no poisonous intertidal species in Europe. It is also available all year round, which would have been particularly useful in the past, when food supplies were less reliable.

Reconstructing ancient diets

Reconstructing ancient diets is challenging and is generally more difficult as you go back in time. This helps explain why we’ve only just realised how much seaweed was being eaten by ancient Europeans. In archaeology, evidence for ancient diets often comes from physical remains: animal bones, fish bones and the hard parts of shellfish. Evidence for plants as part of the diet before farming, however, is rare. Techniques to study molecules from archaeological remains have been around for some time. A key method is known as carbon/nitrogen (C and N) stable isotope analysis. This is widely used to reconstruct ancient human and animal diets based on the relative proportions of these elements in bone collagen. But the presence of plants has been difficult to identify, due to their low nitrogen content. Their presence is masked by an overwhelming signal for animals and fish.

Hiding in plain sight

The evidence for seaweed had been present all along, but unrecognised. Our discovery provides a perfect example of how perceptions of what we regard as food influence interpretations of ancient practices. Seaweed was detected in chunks that had been chewed (and presumably spat out) at the 12,000-year-old site of Monte Verde, Chile. But when it is found at archaeological sites, it is more commonly interpreted as having been used for things other than food, such as fuel and food wrappings. In European archaeology, there is a longstanding perception that Mesolithic hunter-gatherers ate lots of seafood, but that when people started farming, they focused on food sourced from land, such as their livestock. Our findings hammer another nail into the coffin of this theory. Today, only a few traditional recipes remain, such as laverbread made from the seaweed species Porphyra umbilicalis in Wales. It’s still not clear why seaweed declined as a staple source of food in Europe after the Middle Ages.

What are the implications?

Our unexpected discovery changes the way we understand past people. It also alters our perceptions of how they understood the landscape and how they exploited local resources. It suggests, not for the first time, that we vastly underestimate ancient people. They had a knowledge, particularly about the natural world, that is difficult for us to imagine today. The finding also reminds us that archaeological remains are minute windows into the past, reinforcing the care required when developing theories based on limited evidence. The consumption of plants, upon which our world depends, has been habitually left out of dietary theories from our pre-agrarian past. Rigid theories have sometimes forgotten that humans were behind these archaeological cultures – and that they were probably similar to us in their curiosity and needs. Today seaweed sits, largely unused as food, on our doorstep. Making the edible species a bigger component of our diets could even contribute to making our food supplies more sustainable. The Conversation

The authors do not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and have disclosed no relevant affiliations beyond their academic appointment.

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EUR/AUD bearish breakdown supported by additional China fiscal stimulus and AU inflation

Weak PMI readings from the Eurozone, an increase in China’s budget deficit ratio, and renewed inflationary pressures in Australia may trigger a persistent…

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23 hours ago

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October 24, 2023

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  • Weak PMI readings from the Eurozone, an increase in China’s budget deficit ratio, and renewed inflationary pressures in Australia may trigger a persistent bearish sentiment loop in EUR/AUD.
  • Watch the key short-term resistance at 1.6700 for EUR/AUD.
  • A break below 1.6250 key medium-term support on the EUR/AUD may trigger a multi-week bearish impulsive down move.

The Euro (EUR) tumbled overnight throughout the US session as it erased its prior gains against the US dollar recorded on Monday, 23 October; the EUR/USD shed -104 pips from yesterday’s intraday high of 1.0695 to close the US session at 1.0591, its weakest performance in the past seven sessions.

Yesterday’s resurgence of the USD dollar strength has been attributed to a robust set of October flash manufacturing and services PMI data from the US in contrast with weak readings seen in the UK and Eurozone that represented stagflation risks.

Interestingly, the Aussie dollar (AUD) has outperformed the US dollar where the AUD/USD managed to squeeze out a minor daily gain of 21 pips by the close of yesterday’s US session. The resilient movement of the AUD/USD has been impacted by positive news flow out from China, Australia’s key trading partner.

China’s national legislature has just approved a budgetary plan to raise the fiscal deficit ratio for 2023 to around 3.8% of its GDP which was above the initial 3% set in March and set to issue additional sovereign debt worth 1 trillion yuan in Q4. This latest round of additional fiscal stimulus suggests that China’s top policymakers are expanding their initial targeted measures to address the ongoing severe liquidity crunch in the domestic property market as well as to reverse the persistent weak sentiment inherent in the stock market.

In addition, the latest set of Australia’s inflation data surpassed expectations has also reinforced another layer of positive feedback loop in the Aussie dollar which in turn may put Australia’s central bank, RBA on a “hawkish guard” against cutting its policy cash rate too soon.

The less lagging monthly CPI Indicator has risen to an annualized rate of 5.6% in September, above consensus estimates of 5.4%, and surpassed August’s reading of 5.2% which has translated into a second consecutive month of uptick in inflationary growth.

In the lens of technical analysis, a potential bearish configuration setup has emerged in the EUR/AUD cross pair from a short to medium-term perspective.

Major uptrend phase of EUR/AUD is weakening

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Fig 1: EUR/AUD medium-term trend as of 25 Oct 2023 (Source: TradingView, click to enlarge chart)

Even though the price actions of the EUR/AUD have been oscillating within a major ascending channel since its 25 August 2023 low of 1.4285 and traded above the key 200-day moving average so far, the momentum of this up movement is showing signs of bullish exhaustion.

Yesterday (24 October) price action ended with a daily bearish reversal “Marubozu” candlestick coupled with the daily RSI momentum indicator that retreated right at a significant parallel resistance in place since March 2023 at the 65 level which suggests a revival of medium-term bearish momentum.

EUR/AUD bears are now attacking the minor ascending support

Fig 2: EUR/AUD minor short-term trend as of 25 Oct 2023 (Source: TradingView, click to enlarge chart)

The EUR/AUD has now staged a bearish price action follow-through via the breakdown of its minor ascending support from its 29 September 2023 low after a momentum bearish breakdown that was flashed earlier yesterday (24 October) during the European session as seen from the 4-hour RSI momentum indicator.

Watch the 1.6700 key short-term pivotal resistance (also the 50-day moving average) for a further potential slide toward the intermediate supports of 1.6460 and 1.6320 in the first step.

On the other hand, a clearance above 1.6700 invalidates the bearish tone to see the next intermediate resistance coming in at 1.6890.

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