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3 Penny Stocks To Watch Amidst Bitcoin & DogeCoin Price Volatility

Hot penny stocks to watch as Bitcoin and DogeCoin show high volatility
The post 3 Penny Stocks To Watch Amidst Bitcoin & DogeCoin Price Volatility appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.

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Are These Trending Penny Stocks to Watch Ready to Explode?

Finding trending penny stocks to buy is a great place to begin making a watchlist. However, just because certain penny stocks are trending, does not mean that they are worth adding to your portfolio.

In May 2021, one of the most trending topics right now is cryptocurrency. This includes cryptos like Bitcoin, DogeCoin, and many others that have come into the public eye in the past year or so. 

While volatility is rampant with both the Bitcoin price and the DogeCoin price right now, both of these coins have shed a light on certain penny stocks to buy. When one industry is volatile, it often leads to investors looking for similar fluctuations in other markets. And in the past few months, investors have been able to draw many comparisons between cryptocurrency and penny stocks

[Read More] Blockchain Penny Stocks to Buy? 4 To Check Out on Robinhood

But as with anything, investors need to understand their threshold for volatility. Are you looking for penny stocks to watch that move in value frequently? Or are you looking for those that will make slow movements over a longer time frame? Either way, there are plenty of trending penny stocks to watch that are ready to explode. 

In May, investors who buy and sell penny stocks have turned their attention toward cryptocurrency. Both these markets offer similar value points and large opportunities. While they don’t necessarily trade in tandem with one another, there is plenty of opportunity in both. Considering all of this, here are three penny stocks to watch amidst Bitcoin & DogeCoin price volatility. 

3 Penny Stocks to Watch As DogeCoin and Bitcoin Rise and Fall

  1. Nokia Oyj (NYSE: NOK
  2. Zomedica Corp. (NYSE: ZOM
  3. Centennial Resource Development Inc. (NASDAQ: CDEV

1. Nokia Oyj (NYSE: NOK) 

Nokia Oyj is a well-known tech stock that has seen a great deal of bullish interest this year. Since the beginning of the year, shares of NOK have jumped by over 30%, which is quite good compared to the S&P 500 in that same period.

There are plenty of reasons for the big price move with NOK stock. Part of this is due to the tech boom we’ve witnessed this year. And the other part is due to Nokia’s role as a 5G penny stock as well as its other business ventures. 

It’s also worth noting that Nokia is considered a Reddit penny stock as it is frequently discussed on the social media site. Many believe that Nokia is also undervalued at its current price, and considering how quickly it has become a leader in the installation of 5G infrastructure around the world. Its diverse product portfolio and large profit margin mean that NOK stock is trading at around eight times its free cash amount. 

Additionally, it’s worth noting that the company has major footholds in both the U.S. and China, which represent two of the largest 5G markets in the world. And because it is a producer of this state-of-the-art technology, many believe that NOK is well-positioned for the long term.

While we are seeing a correction in the tech market right now, Nokia has largely managed to avoid this. And, hovering at just under $5 per share, NOK looks like it is teetering on non-penny stock status. Considering all of this, will it be on your list of penny stocks to buy?

2. Zomedica Corp. (NYSE: ZOM) 

Another top trending penny stock is Zomedica Corp. We’ve covered ZOM stock plenty of times over the past few months and again on May 17th, shares are up by around 7% at midday. To be honest, it’s hard to tell why shares of ZOM stock have risen so much in the past year.

While its Truforma veterinary diagnostic platform is encouraging, it is still far away from being the standard-of-care product for veterinarians. Additionally, it hasn’t shown too much in the way of positive financial results. And with a loss of $16.9 million at the end of 2020, it doesn’t look like ZOM is in a great financial position either. 

[Read More] 4 Penny Stocks On Robinhood To Buy Under $1; 50%-270% Price Targets

So, why is it on a list of penny stocks to watch? Well, often, investors will search for penny stocks that make large intraday movements. Regardless of the underlying business model, volatility will always equal opportunity. And while it is difficult to try and predict when ZOM will make these large moves, it does happen to do it quite frequently. It’s also worth noting that ZOM can shoot down in value in the double-digit percentage points regularly as well. 

And, the company states that the animal diagnostics market could be worth $5 billion within the next five or so years. But, given that it has only sold one of these products to date, it will need to work day and night to get its sales up to speed. So while investors should keep an eye on Zomedica Corp., it may be worth just watching for now. 

Penny_Stocks_to_Watch_Zomedica Corp. (ZOM Stock Chart)

3. Centennial Resource Development Inc. (NASDAQ: CDEV) 

Shares of CDEV stock pushed up by around 5% by midday trading. And, this is only one of several days in which shares of the energy penny stock have moved up recently. Much of this is due to its large earnings beat.

In the report for its Q1 2021 results, the company posted a crushing revenue amount of $192 million, vastly beating expectations. While shares of CDEV are subject to the price movements of the oil and gas industry, there is more to consider when looking at Centennial. 

Back in the early days of the pandemic, the company struggled as the demand for fossil fuels took a steep dive. However, now that vaccines are widespread, the company looks like it is making a small comeback.

The company also recently issued debt at a rate of 3.25%, which it will use to pay off its existing debt which sits at an 8% interest rate. So considering its massive growth this quarter over the previous one, investors need to also understand the trajectory of the oil and gas industry. 

While CDEV does have a lot of potential, it is also highly subject to the demand for fuel globally. Additionally and as mentioned above, investors also need to understand that the pandemic will continue to have an effect on CDEV as well as similar companies. But, with all of these pointing in the right direction, CDEV stock could be worth giving a first or second look. 

Penny_Stocks_to_Watch_Centennial Resource Development Inc. (CDEV Stock Chart)

Penny Stocks Continue to Push Up, Aided by Cryptocurrency and Altcoins 

While we don’t like to think that cryptocurrency affects penny stocks, it undoubtedly does. And, this is a good thing. If crypto goes up, the attention on cheap and fast-moving assets such as penny stocks will also rise.

[Read More] Penny Stocks On Robinhood For You, May 2021 Watch List

But, it’s also worth considering that both penny stocks and cryptocurrencies like Bitcoin and DogeCoin are highly volatile no matter how much they cost. So, if you’re able to stomach large intraday moves, penny stocks may be worth looking into right now. 

The post 3 Penny Stocks To Watch Amidst Bitcoin & DogeCoin Price Volatility appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.

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Study: Life’s building blocks are surprisingly stable in Venus-like conditions

If there is life in the solar system beyond Earth, it might be found in the clouds of Venus. In contrast to the planet’s blisteringly inhospitable surface,…

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If there is life in the solar system beyond Earth, it might be found in the clouds of Venus. In contrast to the planet’s blisteringly inhospitable surface, Venus’ cloud layer, which extends from 30 to 40 miles above the surface, hosts milder temperatures that could support some extreme forms of life. 

Acid Life

Credit: Credit: JAXA/J. J. Petkowski

If there is life in the solar system beyond Earth, it might be found in the clouds of Venus. In contrast to the planet’s blisteringly inhospitable surface, Venus’ cloud layer, which extends from 30 to 40 miles above the surface, hosts milder temperatures that could support some extreme forms of life. 

If it’s out there, scientists have assumed that any Venusian cloud inhabitant would look very different from life forms on Earth. That’s because the clouds themselves are made from highly toxic droplets of sulfuric acid — an intensely corrosive chemical that is known to dissolve metals and destroy most biological molecules on Earth. 

But a new study by MIT researchers may challenge that assumption. Appearing today in the journal Astrobiology, the study reports that, in fact, some key building blocks of life can persist in solutions of concentrated sulfuric acid. 

The study’s authors have found that 19 amino acids that are essential to life on Earth are stable for up to four weeks when placed in vials of sulfuric acid at concentrations similar to those in Venus’ clouds. In particular, they found that the molecular “backbone” of all 19 amino acids remained intact in sulfuric acid solutions ranging in concentration from 81 to 98 percent.  

“What is absolutely surprising is that concentrated sulfuric acid is not a solvent that is universally hostile to organic chemistry,” says study co-author Janusz Petkowski, a research affiliate in MIT’s Department of Earth, Atmospheric and Planetary Sciences (EAPS).

“We are finding that building blocks of life on Earth are stable in sulfuric acid, and this is very intriguing for the idea of the possibility of life on Venus,” adds study author Sara Seager, MIT’s Class of 1941 Professor of Planetary Sciences in EAPS and a professor in the departments of Physics and of Aeronautics and Astronautics. “It doesn’t mean that life there will be the same as here. In fact, we know it can’t be. But this work advances the notion that Venus’ clouds could support complex chemicals needed for life.”

The study’s co-authors include first author Maxwell Seager, an undergraduate in the Department of Chemistry at Worcester Polytechnic Institute and Seager’s son, and William Bains, a research affiliate at MIT and a scientist at Cardiff University.

Building blocks in acid

The search for life in Venus’ clouds has gained momentum in recent years, spurred in part by a controversial detection of phosphine — a molecule that is considered to be one signature of life — in the planet’s atmosphere. While that detection remains under debate, the news has reinvigorated an old question: Could Earth’s sister planet actually host life? 

In search of an answer, scientists are planning several missions to Venus, including the first largely privately funded mission to the planet, backed by California-based launch company Rocket Lab. That mission, on which Seager is the science principal investigator, aims to send a spacecraft through the planet’s clouds to analyze their chemistry for signs of organic molecules. 

Ahead of the mission’s January 2025 launch, Seager and her colleagues have been testing various molecules in concentrated sulfuric acid to see what fragments of life on Earth might also be stable in Venus’ clouds, which are estimated to be orders of magnitude more acidic than the most acidic places on Earth.

“People have this perception that concentrated sulfuric acid is an extremely aggressive solvent that will chop everything to pieces,” Petkowski says. “But we are finding this is not necessarily true.”

In fact, the team has previously shown that complex organic molecules such as some fatty acids and nucleic acids remain surprisingly stable in sulfuric acid. The scientists are careful to emphasize, as they do in their current paper, that “complex organic chemistry is of course not life, but there is no life without it.” 

In other words, if certain molecules can persist in sulfuric acid, then perhaps the highly acidic clouds of Venus are habitable, if not necessarily inhabited. 

In their new study, the team turned their focus on amino acids — molecules that combine  to make essential proteins, each with their own specific function. Every living thing on Earth requires amino acids to make proteins that in turn carry out life-sustaining functions, from breaking down food to generating energy, building muscle, and repairing tissue. 

“If you consider the four major building blocks of life as nucleic acid bases, amino acids, fatty acids, and carbohydrates, we have demonstrated that some fatty acids can form micelles and vesicles in sulfuric acid, and the nucleic acid bases are stable in sulfuric acid. Carbohydrates have been shown to be highly reactive in sulfuric acid,” Maxwell
Seager explains. “That only left us with amino acids as the last major building block to
study.”

A stable backbone

The scientists began their studies of sulfuric acid during the pandemic, carrying out their experiments in a home laboratory. Since that time, Seager and her son continued work on chemistry in concentrated sulfuric acid. In early 2023, they ordered powder samples of 20 “biogenic” amino acids — those amino acids that are essential to all life on Earth. They dissolved each type of amino acid in vials of sulfuric acid mixed with water, at concentrations of 81 and 98 percent, which represent the range that exists in Venus’ clouds. 

The team then let the vials incubate for a day before transporting them to MIT’s Department of Chemistry Instrumentation Facility (DCIF), a shared, 24/7 laboratory that offers a number of automated and manual instruments for MIT scientists to use. For their part, Seager and her team used the lab’s nuclear magnetic resonance (NMR) spectrometer to analyze the structure of amino acids in sulfuric acid. 

After analyzing each vial several times over four weeks, the scientists found, to their surprise, that the basic molecular structure, or “backbone” in 19 of the 20 amino acids remained stable and unchanged, even in highly acidic conditions.

“Just showing that this backbone is stable in sulfuric acid doesn’t mean there is life on Venus,” notes Maxwell Seager. “But if we had shown that this backbone was compromised, then there would be no chance of life as we know it.” 

The team acknowledges that Venus’ cloud chemistry is likely messier than the study’s “test tube” conditions. For instance, scientists have measured various trace gases, in addition to sulfuric acid, in the planet’s clouds. As such, the team plans to incorporate certain trace gases in future experiments. 

“There are only a few groups in the world now that are working on chemistry in sulfuric acid, and they will all agree that no one has intuition,” adds Sara Seager. “I think we are just more happy than anything that this latest result adds one more ‘yes’ for the possibility of life on Venus.”

###

Written by Jennifer Chu, MIT News

Paper: “Stability of 20 Biogenic Amino Acids in Concentrated Sulfuric Acid: Implications for the Habitability of Venus’ Clouds”

https://www.liebertpub.com/doi/10.1089/ast.2023.0082


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John Lewis relies too heavily on its heritage – here’s what it could do instead

The company has returned to profit by making cuts, but there are things it could do to reinvent itself.

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Road to recovery? Jevanto Productions/Shutterstock

In a tricky economic climate, the British department store John Lewis has managed to deliver some good news. The retail partnership – owned by its 80,000 employees – posted pre-tax profits of £56 million after a £234 million loss the year before.

The positive announcement was somewhat tarnished by the fact that those employees (known as partners) would not receive a bonus for the second year in a row. There were also hints of job cuts.

But what more could this giant of UK retail, which also owns Waitrose supermarkets, do to endure its survival? Does its increasing reliance on grocery sales mean its own brand has become less valuable?

For over 160 years on the high street, John Lewis has worked hard on that brand. Its slogan (scrapped in 2022) about being “never knowingly undersold” was well known, it remains a trusted supplier of an extensive range of household hoods, rates highly for customer service, and runs Christmas TV adverts which have became a media event in themselves.

In doing all of those things, John Lewis seemed to be in a much better place than its rivals. BHS (founded in 1928) and Debenhams (1778) have disappeared from the high street. House of Fraser (1849) was taken over and has a much-reduced physical presence.

John Lewis’s nearest rival, Marks & Spencer (1884), is now doing well, but only after it underwent a fairly brutal restructuring which involved cutting thousands of jobs during the pandemic, closing 67 stores, and slashing its operations in France.

So John Lewis’s “brand heritage” – its history, tradition and pedigree – has worked pretty well for a pretty long time. But its recent return to profit was the combined effort of reinvesting and streamlining, according to some reports.

Also known as “trimming the fat” in the business world, the retailer’s streamlining endeavours consisted of cutting more than 1,500 jobs, and closing underperforming stores, such as the branch in Sheffield, which had served residents for nearly 80 years and was much mourned, including by my own mother-in-law.

It has also been reported that more job cuts are imminent, with up to 11,000 jobs to go in the next five years.

And perhaps these measures highlight some of the harsh realities of running a department store in the always-open and effortless world of online shopping. Maybe employees (even those considered partners, as under John Lewis’s employee-ownership model) have become expendable.

Maybe physical stores, where consumers go to explore and seek advice, have become expendable. Maybe all traditions are expendable when they are not commercially viable.

People first

Yet the world of retail is filled with examples of heritage brands reinventing themselves to stay relevant, buoyant and competitive.

John Lewis will need to do the same if it wants to retain its legacy on the British high street. And it could do worse than taking a leaf out of Waitrose’s playbook.

For the company’s return to profit was largely due to the buoyant sales generated by Waitrose supermarkets, which increased by 4%. The department store business meanwhile, suffered a 2% fall.

Part of Waitrose’s success comes from providing a sense of indulgence and enjoyment – including healthy food – through carefully curated and often locally sourced products. It works closely with local farmers, supports regional suppliers (an approach that has also contributed to M&S’s success), and reinvests in stores and product offers.

Essentially, as part of UK’s grocery sector, Waitrose extended its partnership ethos to include people and groups beyond the shop walls – to build a “local retail ecosystem” that promotes and leverages a community spirit around their stores.

M&S shop front.
Appealing to appetites. Simon Vayro/Shutterstock

John Lewis department stores could try and do something similar. They could focus more on products that help customers live healthier and more active lives, and which are relevant to their interests. They could sell products created by local small businesses, and make a determined approach to be a supportive presence in the regions they serve.

Research suggests that heritage brands benefit from having a moral standing – when they show they care about the people they make money from, the local communities they operate in, and the people they employ.

So perhaps John Lewis should make moral values a part of its evolving heritage. It needs to show it cares not just for the people who work for the company directly, but also the people on whom it relies for success – the customers – and people it can build new relationships with. All of them could prove critical to its future success.

Kokho Jason Sit is affiliated with the Chartered Institute of Marketing.

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ARPA-H appoints Etta Pisano to lead its Advancing Clinical Trials Readiness Initiative

The Advanced Research Projects Agency for Health (ARPA-H) has appointed Etta D. Pisano, MD, FACR, senior portfolio lead, to build the agency’s clinical…

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The Advanced Research Projects Agency for Health (ARPA-H) has appointed Etta D. Pisano, MD, FACR, senior portfolio lead, to build the agency’s clinical trial portfolio and lead the ARPA-H Advancing Clinical Trials Readiness Initiative under ARPA-H Resilient Systems Mission Office Director Jennifer Roberts.

Credit: N/A

The Advanced Research Projects Agency for Health (ARPA-H) has appointed Etta D. Pisano, MD, FACR, senior portfolio lead, to build the agency’s clinical trial portfolio and lead the ARPA-H Advancing Clinical Trials Readiness Initiative under ARPA-H Resilient Systems Mission Office Director Jennifer Roberts.

The first radiologist to be appointed to such a role, Dr. Pisano is an internationally recognized expert in women’s health, breast cancer research, and the use of artificial intelligence in medical imaging applications.

“I am honored to be working for ARPA-H to identify and promote research that can improve healthcare quality, efficacy and delivery, and to improve patient care and access to clinical trials for all Americans, including women, rural residents, and the underserved,” said Dr. Pisano.

Dr. Pisano will continue to serve as study chair of the large-scale Tomosynthesis Mammographic Imaging Screening Trial (TMIST) for the ECOG-ACRIN Cancer Research Group (ECOG-ACRIN). TMIST is led by ECOG-ACRIN with funding from the National Cancer Institute, part of the National Institutes of Health. She will also continue to serve as the American College of Radiology® (ACR®) Chief Research Officer (CRO). Dr. Pisano previously served as the principal investigator of the landmark Digital Mammographic Imaging Screening Trial (DMIST).

The TMIST breast cancer screening study is among the fastest growing National Cancer Institute (NCI) trials of the COVID-19 era. Under Dr. Pisano’s leadership, TMIST is assembling one of the most diverse cancer screening trial populations ever. Approximately 21% of TMIST U.S. participants are Black—more than double the average rate for Black participation in NCI-funded clinical trials (9%).

With ARPA-H, Dr. Pisano will work to build underserved and minority participation in clinical trials—including identifying and onboarding rural facilities and those outside of large academic medical centers—such as emerging retail healthcare sites. 

These duties are also very consistent with the missions of ECOG-ACRIN and ACR, which include promoting the exploration and identification of next-generation technologies that can benefit patients and providers.

“This is a great opportunity for Etta, and I’m excited about the impact she will make on our approach to clinical trials,” said Mitchell D. Schnall, MD, PhD, group co-chair of ECOG-ACRIN.

About ECOG-ACRIN

The ECOG-ACRIN Cancer Research Group (ECOG-ACRIN) is an expansive membership-based scientific organization that designs and conducts cancer research involving adults who have or are at risk of developing cancer. The Group comprises nearly 1400 member institutions and 21,000 research professionals in the United States and around the world. ECOG-ACRIN is known for advancing precision medicine and biomarker research through its leadership of major national clinical trials integrating cutting-edge genomic approaches. Member researchers and advocates collaborate across more than 40 scientific committees to design studies spanning the cancer care spectrum, from early detection to management of advanced disease. ECOG-ACRIN is funded primarily by the National Cancer Institute, part of the National Institutes of Health. Visit ecog-acrin.org, and follow us on X @eaonc, Facebook, LinkedIn, and Instagram.

Media Contact: Diane Dragaud, Director of Communications, communications@ecog-acrin.org.


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