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3 Penny Stocks To Watch That Are Climbing During Today’s Session

Which penny stocks are you watching today?
The post 3 Penny Stocks To Watch That Are Climbing During Today’s Session appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.

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Are These Penny Stocks on Your Watchlist Right Now 

With an interesting day of trading penny stocks and blue chips here, there are a few things that all investors should know right now. Today, major Wall Street indexes began to rise in hopes of recovering some of the major losses witnessed yesterday. 

What to Watch With Penny Stocks Today 

After the Dow dropped by hundreds of points on January 18th, it seems as though there is a renewed sense of confidence for penny stocks and blue chips right now. But, to understand how to make money with penny stocks, we need to be able to take advantage of these factors and use them as a benefit. 

[Read More] 4 Penny Stocks To Buy For Under $4 Right Now

For example, today we’re seeing a rise among tech penny stocks, with the Methttps://pennystocks.com/ticker/?symbol=WIMIaverse in focus. This is something we’ve witnessed many times over the past few months, and again today. Additionally, in the past few trading sessions, we’ve seen biotech penny stocks rise in value. One of, if not the largest contributing factor to how penny stocks are trading right now is the pandemic. 

While many believe that the Omicron variant could lead to Covid becoming endemic, it may also be too soon to tell. So, consider everything wholly, and understand how this may cause certain penny stocks to gain and others to do the opposite. With that in mind, let’s take a look at three penny stocks to watch that are climbing during today’s trading session. 

3 Penny Stocks to Add to Your Watchlist Today 

  1. WiMi Hologram Cloud Inc. (NASDAQ: WIMI
  2. Yamana Gold Inc. (NYSE: AUY
  3. Blue Hat Interactive Entertainment Technology (NASDAQ: BHAT)

WiMi Hologram Cloud Inc. (NASDAQ: WIMI) 

One of the bigger gainers of the day so far is WIMI stock, which climbed by over 18% at midday. This is a sizable uptick and one that represents a solid bullish turnaround from its 55% drop in the past year period. While there is no company-specific news that is sparking today’s gain, there is one industry-wide event that could be responsible. 

Yesterday, news dropped about Microsoft acquiring Activision Blizzard in the former’s largest acquisition to date. This sparked major positive sentiment for Metaverse stocks, which includes WIMI. So, how exactly does WiMi tie into this? Well, last month, the company announced the release of its WiMi HoloVR head-mounted display. The company states that it is the first VR device to support double-clicking see-through in China. Outside of this, WiMi, offers holographic equipment, AR/VR tools, Metaverse software, and much more. 

Right now, there is a very strong emphasis on anything relating to Metaverse tech and AR/VR. And, many investors believe that this notion will only continue to increase in the near future. So, with that in mind, do you think that WIMI stock is worth adding to your list of penny stocks to buy?

Yamana Gold Inc. (NYSE: AUY) 

Another big gainer of the day so far is AUY stock, pushing up by over 7% at midday. While this may not seem like a lot, it is quite substantial for a mining stock and a gold stock specifically. The main reason for today’s big move with AUY also has to do with larger industry momentum. After the price of gold dropped in the past few days, it has quickly rebounded, pushing many gold stocks up with it. 

[Read More] Trading Penny Stocks? Top Stock Market News For January 19th, 2022

Outside of this, only a week ago, the company announced that it would report its fourth quarter and full year 2021 financial results on Thursday, February 17th. This is great news for investors, and should be on your calendar if you’re interested in AUY stock. For some context, Yamana Gold is a pure-play Canadian-based precious metals producer with a large number of development and exploration stage properties throughout the world. 

It holds these properties in countries such as the Americas and specifically, Brazil, Chile, Argentina, and Canada. With several large plans for the company’s future, Yamana remains a favorite among a large number of investors of all types. Considering all of this, is AUY stock worth adding to your penny stocks watchlist this month or not?

Penny_Stocks_to_Watch_Yamana

Blue Hat Interactive Entertainment Technology (NASDAQ: BHAT)

With a 13% gain today, shares of BHAT stock are in focus as Metaverse stocks push up. Yesterday, the company announced that it has expanded its cooperation with JD Cloud, which is a brand under the JD Technology Group. 

“We are pleased to have received this additional vote of confidence from JD Cloud and look forward to expanding our cooperation with them as one of their core channel partners. Xunpusen intends to continue focusing on developing its core technologies and platforms.

We believe our partnerships within the industry are critical to continuing the growth trajectory of our IDC business, and we continue to explore new cooperation opportunities and ways to deepen existing relationships such as this one.” 

The CEO of Blue Hat, Mr. Xiaodong Chen

If you’re not familiar, Blue Hat operates in the communication services sector. It also offers a large range of AR focused interactive games, toys, and more in China. Despite a more than 60% drop in value in the past year, we’ve seen shares of BHAT stock present a small bullish turnaround today. So, do you think that this bullish move can continue in the next few trading days or not?

Penny_Stocks_to_Watch_Blue

Can These Penny Stocks Continue to Make Gains This Month?

If you’re making a list of the best penny stocks to buy, there are hundreds of options to choose from. Now, understanding how to trade penny stocks in 2022 can be complicated. But, with the right information by your side and a consistent understanding of how to trade them, it can be much easier than previously imagined. 

[Read More] 4 Penny Stocks To Watch After DWAC Stock Wakes Up Small Caps

As we’ve mentioned numerous times, Covid continues to be the main factor when it comes to trading stocks in January. And while this may remain true for some time, it’s important to stay as up-to-date as possible with everything that is going on. Considering this, do you think that penny stocks can continue to make gains this month?


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 Penny Stocks To Watch That Are Climbing During Today’s Session appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.

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Economics

5 Top Consumer Stocks To Watch Right Now

Are these consumer stocks a buy amid the earnings season?
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5 Trending Consumer Stocks To Watch In The Stock Market Now         

As we tread through the earnings season, consumer stocks could be worth watching in the stock market this week. This would be the case since a number of big consumer names such as Costco (NASDAQ: COST) and Macy’s (NYSE: M) will be posting their financials for the quarter. As such, investors will be keeping an eye on these reports for clues on the strength of consumer spending amid this period of high inflation.

However, despite the soaring prices across the economy, it seems that consumers are surprisingly showing resilience. According to the Commerce Department, retail sales in April outpaced inflation for a fourth straight month. This could suggest that consumers as a whole were not only sustaining their spending, but spending more even after adjusting for inflation. Ultimately, it could be a reassuring sign that consumers are still supporting the economy and helping to diminish the narrative of an incoming recession. With that being said, here are five consumer stocks to check out in the stock market today.

Consumer Stocks To Buy [Or Sell] Right Now

Nordstrom

retail stocks (JWN stock)

Starting off our list of consumer stocks today is Nordstrom. For the most part, it is a fashion retailer of full-line luxury apparel, footwear, accessories, and cosmetics among others. The company operates through multiple retail channels, boutiques, and online as well. As it stands, Nordstrom operates around 100 stores in 32 states in the U.S. and three Canadian provinces.

Yesterday, the company reported its financials for the first quarter of 2022. Starting with revenue, Nordstrom pulled in net sales worth $3.47 million for the quarter. This marks an increase of 18.7% from the same quarter last year. Its Nordstrom banner saw net sales rise by 23.5% year-over-year, exceeding pre-pandemic levels. Next to that, its Nordstrom Rack banner saw a 10.3% increase in net sales from last year. Besides, net earnings were $20 million, with earnings per share of $0.13 for the quarter. Considering Nordstrom’s solid quarter, should you invest in JWN stock?

[Read More] Best Stocks To Invest In Right Now? 5 Value Stocks To Watch This Week

The Wendy’s Company

best consumer stocks (WEN stock)

Next up, we have The Wendy’s Company. For the most part, it is the holding company for the major fast-food chain, Wendy’s. Being one of the world’s largest hamburger fast-food chains, the company boasts over 6,500 restaurants in the U.S. and 29 other countries. The chain is known for its square hamburgers, sea salt fries, and the Frosty, a form of soft-serve ice cream mixed with starches. WEN stock is rising by over 8% on today’s opening bell.

According to an SEC filing, Wendy’s largest shareholder, Trian Partners, is looking into making a potential deal with the company. Trian said that it is considering a deal to “enhance shareholder value.” Also, the firm adds that this could lead to an acquisition or business combination. In response, Wendy’s stated that it is constantly reviewing strategic priorities and opportunities. It added that the company’s board will carefully review any proposal from Trian. Given this piece of news, will you be watching WEN stock?

[Read More] 4 Semiconductor Stocks To Watch In The Stock Market Today

Foot Locker

FL stock

Another stock investors could be watching is the shoes and apparel company, Foot Locker. In brief, the company uses its omnichannel capabilities to bridge the digital world and physical stores. As such, it provides buy online and pickup-in-store services, order-in-store, as well as the growing trend of e-commerce. Some of its most notable brands include Eastbay, Footaction, Foot Locker, Champs Sports, and Sidestep. Last week, the company reported its results for the first quarter of the year.

For starters, total sales came in at $2.175 billion, a slight uptick compared to sales of $2.153 billion in the year prior. Next to that, Foot Locker reported a net income of $133 million. Accordingly, adjusted earnings per share came in at $1.60, beating Wall Street’s expectations of $1.54. CEO Richard Johnson added, “Our progress in broadening and enriching our assortment continues to meet our customers’ demand for choice. These efforts helped drive our strong results in the first quarter, which will allow us to more fully participate in the robust growth of our category going forward.”  As such, is FL stock one to add to your watchlist? 

Tyson Foods 

TSN stock

Tyson Foods is a company that built its name on providing families with wholesome and great-tasting protein products. Its segments include Beef, Pork, Chicken, and Prepared Foods. With some of the fastest-growing portfolio of protein-centric brands, it should not be surprising that TSN stock often comes to mind when investors are looking for the best consumer stocks to buy. 

Earlier this month, Tyson Foods provided its fiscal second-quarter financial update. The company’s total sales for the quarter were $13.1 billion, representing an increase of 15.9% compared to the prior year’s quarter. Meanwhile, its GAAP earnings per share climbed to $2.28, up 75% year-over-year. According to Tyson, these financial figures are a reflection of the increasing consumer demand for its brands and products. To top it off, the company was also able to reduce its total debt by approximately $1 billion. Thus, does TSN stock have a spot on your watchlist?

[Read More] Stock Market Today: Dow Jones, S&P 500 Rise, Wendy’s Stock Gains On Potential Deal

DoorDash

food delivery stocks (DASH Stock)

DoorDash is a consumer company that operates an online food ordering and delivery platform. In fact, it is one of the largest delivery companies in the U.S. and enjoys a huge market share. The company connects hundreds of thousands of merchants to over 25 million consumers in the U.S., Canada, Australia, and Japan through its local logistics platform. Accordingly, its platform allows local businesses to thrive in today’s “convenience economy,” as the company puts it.

On May 5, the company reported its first-quarter financials for 2022. Diving in, it posted a revenue of $1.5 billion, growing by 35% year-over-year. This was driven by total orders that grew by 23% year-over-year to $404 million. Along with that, it reported a GAAP gross profit of $662 million, an increase of 34% year-over-year. The company said that it added more consumers than any quarter since Q1 2021, due in part to the growth of its DashPass members. The growth in Monthly Active Users and average order frequency has helped it gain share in the U.S. Food Delivery category this quarter as well. Given DoorDash’s performance for the quarter, should you watch DASH stock?

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 5 Top Consumer Stocks To Watch Right Now appeared first on Stock Market News, Quotes, Charts and Financial Information | StockMarket.com.

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Economics

Finding Shelter in an Inverse ETF

As the old saying goes, “What goes up must come down.” Indeed, up until the recent selling wave caused by Russia’s war against Ukraine and the continued…

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As the old saying goes, “What goes up must come down.”

Indeed, up until the recent selling wave caused by Russia’s war against Ukraine and the continued effects of supply chain disruptions amid the COVID-19 pandemic, tech stocks, including semiconductors, were the darlings of the investment world. That is, it seemed as if the sky-high valuations of some tech stocks were sustainable in an atmosphere of seemingly perpetual growth.

That, of course, was not the case, and the too-good-to-be-true valuations were quickly brought down to earth by the forces of inflation and tight monetary policy. As a result, the tech-heavy Nasdaq entered a free-fall that has not yet found a bottom.

At the same time, that does not mean that we should abandon the sector as a lost cause. One such way to play the sector during its downhill slide is the exchange-traded fund (ETF) Direxion Daily Semiconductor Bear 3X Shares (NYSEARCA: SOXS).

As its title suggests, this is an inverse ETF, meaning that it is built to go up in value when its parent index goes down. Specifically, SOXS provides three times leveraged inverse exposure to a modified market-cap-weighted index of semiconductor companies that trade in American markets by using swap agreements, futures contracts and short positions.

While the index’s holdings are weighted by market capitalization, the fund’s managers cap the weights of the top five securities in the portfolio at 8% each. The weight of the remaining securities is capped at 4% each.

As of May 24, SOXS has been up 0.37% over the past month and up 24.73% for the past three months. It is currently up 60.47% year to date.

Chart courtesy of www.stockcharts.com

The fund has amassed $258.15 million in assets under management and has an expense ratio of 1.01%.

In short, while SOXS does provide an investor with a way to invest in an inverse ETF, this kind of ETF may not be appropriate for all portfolios. Thus, interested investors always should conduct their due diligence and decide whether the fund is suitable for their investing goals.

As always, I am happy to answer any of your questions about ETFs, so do not hesitate to send me an email. You just may see your question answered in a future ETF Talk.

The post Finding Shelter in an Inverse ETF appeared first on Stock Investor.

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Stocks

Will Albertsons outperform due to its high return on equity for low beta?

Albertsons Companies Inc. (NYSE:ACI) is trading at $29. The stock has risen 81.25% from the IPO in the last quarter of 2020. In the two years since going…

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Albertsons Companies Inc. (NYSE:ACI) is trading at $29. The stock has risen 81.25% from the IPO in the last quarter of 2020. In the two years since going public, Albertsons Companies paid dividends each quarter. The annual dividend currently stands at $0.48, with a yield of 1.64%.

Albertsons is rated high on both value and growth. The company’s heritage has been built over the years since its founding in 1939. Today, the company is the second-largest traditional grocer in the US.

The company went public during a pandemic to fund new growth opportunities. However, it faces the headwinds of inflation and bear markets. Despite pressures, Albertsons will be among the few stocks that will outperform the market.

The ROE stands at 74.48%. This is a fundamental strength that should make investors troop to Albertsons. The EPS is at $2.8 and growing at more than 6.13%. At the valuation of $29, the PE is just about 10. All this for a beta of only 0.3, indicating a low risk.

Albertsons has support at $26.80 and resistance at $36.75

Source – TradingView

Albertsons has support at $26.80. This week, the stock has been bullish, having gained 7.82%. It is among a handful of stocks that have been braving the bear markets. This analysis projects that the stock will face some resistance at $36.75. However, it would break out at the next earnings release on July 28. If an investor were to take a position today, there is the likelihood of enjoying significant gains by the next earnings call.

Summary

Albertsons is an attractive value and growth stock. The share is trading at $29 with a price target of $36 by the end of July. Albertsons is also emerging as an attractive dividend stock.

The post Will Albertsons outperform due to its high return on equity for low beta? appeared first on Invezz.

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