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3 Reddit Penny Stocks You Need to Know About Right Now

Are these Reddit penny stocks on your watchlist right now?
The post 3 Reddit Penny Stocks You Need to Know About Right Now appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.

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Check These Reddit Penny Stocks Out in November 

Reddit is one of the most popular places that investors find penny stocks to buy. While it can be complicated to find penny stocks on Reddit, there are a few ways to make the search easier. For those who don’t know, Reddit is a popular social media platform that allows communities centered around topics of all types to get together. As a result, many investors come together on the platform to discuss penny stocks and blue chips of all types. 

[Read More] Top Penny Stocks to Invest in Right Now? Check These 3 Out

But, one thing that investors should be aware of is the high volatility of penny stocks mentioned on Reddit. This is common as volume can move up which can be an indicator of how popular a stock is. In addition to all of this, investors should have a thorough trading strategy that is combined with a knowledge of how to trade penny stocks. With all of this in mind, let’s take a look at three Reddit penny stocks to watch right now. 

3 Reddit Penny Stocks to Watch Right Now 

  1. Cloopen Group Holding Limited (NYSE: RAAS
  2. Vinco Ventures Inc. (NASDAQ: BBIG
  3. Lion Group Holding Ltd. (NASDAQ: LGHL)

Cloopen Group Holding Limited (NYSE: RAAS)

Cloopen Group Holding Limited is a communications penny stock that is up over 3.5% on November 18th. This brings its five-day gain to over 6%. For those unfamiliar, this company offers cloud-based communications solutions for the Chinese market. Its products include PaaS solutions that offer app programming interfaces and software development kits. This is used to embed messaging, voice calls, audio and video, and other communications into companies’ business processes.

On November 18th, the company reported its third-quarter financial results for 2021. During this period, its revenue went up 44.3% year over year to $42.9 million. Cloopen’s revenues from cloud-based contact center solutions went up by 125.4 % year over year. In addition to this, the company experienced a higher gross margin and a 59.6% gain in adjusted EBITDA. All of these numbers are very positive and reflect the company’s business growth as a whole. 

“During the quarter, we continued to ramp up investments in R&D to sustain our core competencies in products and technologies and added top-notch talents to further strengthen our technical teams.

Going forward, Cloopen is committed to becoming a SaaS company that integrates its capabilities in communications, big data, and AI to better support businesses’ marketing needs and drive their digital and intelligent transformation.”

The CEO of Cloopen, Mr. Changxun Sun

On November 18th, RAAS stock’s volume was much greater than its market average. This is a clear indicator of market popularity. Based on this recent information, will RAAS be on your list of penny stocks to watch?

Vinco Ventures Inc. (NASDAQ: BBIG)

Vinco Ventures Inc. is a penny stock that has climbed by over 210% in the past YTD period. In the past six months, shares of BBIG stock have shot up by over 30%. For some context, Vinco Ventures provides toys, electronics, and other products to retailers and distributors worldwide. In addition, the company distributes personal protective equipment to hospitals and governments. Vinco develops, manufactures, sells, and fulfills its products. These products are offered via e-commerce platforms as well which has greatly expanded its reach.

[Read More] Do These Top Penny Stocks Have Upside Potential in November?

On November 1st, the company’s subsidiary Cryptyde launched a new joint venture. The company’s joint venture is called CW Machines LLC, and is in partnership with Wattum Management. Wattum is a leading supplier of BTC mining equipment and services. The joint venture’s goal is to focus on making Bitcoin mining equipment simpler for a consumer to own by integrating smart contract technology. Right now, Bitcoin is one of the major topics in the market, and as a result, companies involved have seen heightened attention.

“The launch of this joint venture entity signifies the start of our expansion into the broader crypto and blockchain market. We are excited to be working with industry veterans such as the Wattum Management team and look forward to the introduction of NFT’s and smart contracts into the BTC Mining space.”

The CEO of Cryptyde, Brian McFadden

With solid volume in the past few trading days, does BBIG stock deserve a spot on your list of penny stocks to watch?

Lion Group Holding Ltd. (NASDAQ: LGHL)

Lion Group Holding Ltd. is a penny stock that just went up more than 7% on November 18th. This company operates a trading platform that is based in Hong Kong. Its trading platform offers insurance brokerage, futures, and securities brokerage, asset management, and much more. Lion’s trading platform includes NFT and metaverse-related initiatives as well. Additionally, the company provides difference trading services, total return swap services, and more.

On November 18th, Lion signed a letter of intent with New Full Rich Ltd. This letter of intent is for both companies to collaborate to make and operate an encrypted digital currency mine project. This will take place in Tajikistan through Ganj Technology, which is a company owned by New Full Rich. Phase 1 of the project will focus on a free trade economic zone and much more. The first phase of construction for the digital mine infrastructure is expected to be completed during the first quarter of 2022.

“Tajikistan has unique advantages in water resources, which is central to the development of the digital mining industry. Through this project with New Full Rich, Lion’s investment and operations in digital mining in Central Asia will create valuable achievements and mark another solid step for Lion in the global digital asset industry.”

CEO of Lion Group, Mr. Chunning (Wilson) Wang

In the past YTD period, shares of LGHL stock have shot up by almost 20%. While this may not seem substantial, it is more so considering the bearish drop LGHL stock experienced as a result of the pandemic. With that in mind, will LGHL be on your penny stocks watchlist?

Penny_Stocks_to_Watch_Lion_Group_Holding_Ltd_LGHL_Stock_Chart-1.jpg

Are Reddit Penny Stocks Worth Buying?

Finding the best penny stocks to buy is all about understanding where to look. But, it’s always important to consider your own investing strategy and what your portfolio goals.

[Read More] Best Penny Stocks To Buy Now? 5 Stocks To Watch Today

In addition, investors should know that Reddit penny stocks are highly volatile and can lead to both swift profits and swift losses. With that in mind, do you think that Reddit penny stocks are worth buying?

The post 3 Reddit Penny Stocks You Need to Know About Right Now appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.

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What Are the Advantages of Wind Energy and Solar Energy?

Wind power and solar power are considered the two primary choices for clean energy.As clean technologies, both solar energy and wind power significantly decrease pollution and have minimal operational costs. These are attractive reasons to make the switch

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Wind power and solar power are considered the two primary choices for clean energy.

As clean technologies, both solar energy and wind power significantly decrease pollution and have minimal operational costs. These are attractive reasons to make the switch to clean energy solutions — but there's certainly more to wind and solar energy than that.

Here the Investing News Network provides a brief introduction to wind energy and solar energy, from the advantages of renewable energy to the future outlook for these clean energy technologies.


What are wind energy and solar energy?


Putting it simply, wind energy is the process of using the air flowing through wind turbines to automatically generate power by converting the kinetic energy in wind into mechanical power.

Wind energy can provide electricity for utility grids and homes, and can be used to charge batteries and pump water. The three main kinds of wind power are broken down as follows by the American Wind Energy Association:

  • Utility-scale wind: Wind turbines bigger than 100 kilowatts that deliver electricity to power grids and end users via electric utilities or power system operators.
  • Distributed wind: Wind turbines smaller than 100 kilowatts that are used to directly provide power to homes, farms or small businesses.
  • Offshore wind: Wind turbines placed in large bodies of water, generally on the continental shelf.

Interestingly, wind energy can also be considered an indirect form of solar energy. That's because winds are widely described as being caused by the uneven heating of the atmosphere by the sun, the irregularities of the Earth's surface and rotation of the Earth.

Solar power is energy derived from the sun's rays and then converted into thermal or electrical energy.

According to the Solar Energy Industries Association, solar energy can be created in the following three ways: photovoltaics, solar heating and cooling and concentrating solar power.

  • Photovoltaics: Generates electricity directly from sunlight via an electronic process to power small electronics, road signs, homes and large commercial businesses.
  • Solar heating and cooling: Uses the heat generated by the sun to provide water heating or space heating and cooling.
  • Concentrating solar power: Uses the heat generated by the sun to run traditional electricity-generating turbines.

What are the advantages of wind energy and solar energy?


With the basics of wind and solar energy in mind, let's look at the advantages of these two clean energy sources.

As carbon-free, renewable energy sources, wind and solar can help reduce the world's dependence on oil and gas. These carbon fuels are responsible for harmful greenhouse gas emissions that affect air, water and soil quality, and contribute to environmental degradation and climate change.

Aside from that, wind and solar energy can give homeowners and businesses the ability to generate and store electricity onsite, giving them backup power when their needs cannot be filled by the traditional utilities grid.

For example, during California's most recent wildfire season, large-scale utilities companies such as PG&E (NYSE:PCG) shut off power to tens of thousands of people in an effort to prevent fires like those linked to downed power lines. In cases like this, solar energy generated onsite could not only help fight climate change, but also act as a reliable backup source of energy.

Solar panel installations are easy to do and can also create energy bill savings. In some regions, users may qualify for tax breaks or energy rebates if they produce excess energy that can be delivered to the utility grid. In Canada, there are at least 78 clean energy incentive programs available that offer a combined total of 285 energy-efficiency rebates and 27 renewable energy rebates.

Both solar energy and wind energy are on the path to becoming the world's most affordable sources of energy.

"Land-based utility-scale wind is one of the lowest-priced energy sources available today, costing 1-2 cents per kilowatt-hour (kWh) after the production tax credit," according to the US Department of Energy. "Because the electricity from wind farms is sold at a fixed price over a long period of time (e.g. 20+ years) and its fuel is free, wind energy mitigates the price uncertainty that fuel costs add to traditional sources of energy."

The price of harnessing the sun's power is dropping each year due to technology advancements. In fact, the cost of residential photovoltaic solar power has slid from US$0.50 per kWh in 2010 to US$0.128 per kWh in 2020, according to US Department of Energy figures. The US agency estimates that solar costs will fall further to US$0.05 by 2030. On a grander scale, utility photovoltaic costs already sat at only US$0.045 as of 2020.

Future outlook for wind energy and solar energy


Looking ahead for wind energy, the Global Wind Energy Council estimates that 435 gigawatts (GW) of new capacity will be added from 2021 to 2025. Government support will be a key driver, giving way to market-based growth.

"The world needs to be installing an average of 180 GW of new wind energy every year to limit global warming to well below 2°C above pre-industrial levels," state the report's authors, "and will need to install up to 280 GW annually from 2030 onwards to maintain a pathway compliant with meeting net zero by 2050."

As for solar energy, the International Energy Association's (IEA) World Energy Outlook 2021 report pegs solar as now cheaper than coal. Along with wind energy, solar energy is expected to make up 80 percent of the global electric energy market by 2030. "Since 2016, global investment in the power sector has consistently been higher than in oil and gas supply," explains the IEA report. "The faster that clean energy transitions proceed, the wider this gap becomes, and as a result electricity becomes the central arena for energy-related financial transactions."

Lux Research predicts that the transition from fossil fuels to renewable energy sources will be accelerated by several years due to the impact COVID-19 is having on energy markets all over the world.

The firm notes that economic relief packages contain trillions of dollars for renewable energy technology research and development, and for the deployment of low- and zero-carbon infrastructure. By 2025, Lux sees COVID-19 resulting in accelerated investment in energy storage and power-generation projects.

Ways to invest in wind and solar energy


There are many investment opportunities in the renewable energy markets.

For investors interested in wind energy, there is the First Trust ISE Global Wind Energy Index Fund (ARCA:FAN), which was created on June 16, 2008. It tracks 50 holdings, including wind energy giants Vestas Wind Systems (OTC Pink:VWSYF), Boralex (TSX:BLX) and Siemens Gamesa Renewable Energy (OTC Pink:GCTAF), to name a few.

Our list of renewable energy stocks on the TSX may also be worth considering.

This is an updated version of an article first published by the Investing News Network in 2018.

Don't forget to follow us @INN_Technology for real-time news updates!

Securities Disclosure: I, Melissa Pistlli, hold no direct investment interest in any company mentioned in this article.

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TechCrunch+ roundup: Credit Karma post-exit, recruiting developers, re:Invent recap

The very day in Feb. 2020 that Credit Karma planned to announce that it had been acquired by Intuit for over $7 billion, the stock market tanked, spooked by news that a virus could start a pandemic.

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The same day in February 2020 that Credit Karma planned to announce that it had been acquired by Intuit for more than $7 billion, the stock market tanked, spooked by news that a novel virus had the potential to start a pandemic.

“I’m up at 5 o’clock in the morning, the Dow is flashing red … and we’re all like, ‘Are we going to do this?’” said Credit Karma CEO Ken Lin.

That deal eventually closed in December 2020, but in the intervening months, the U.S. Department of Justice forced the company to divest its tax business, and credit markets tightened considerably.


Full TechCrunch+ articles are only available to members
Use discount code TCPLUSROUNDUP to save 20% off a one- or two-year subscription


Fintech reporter Ryan Lawler interviewed Lin, Intuit CEO Sasan Goodarzi, Credit Karma’s chief people officer Colleen McCreary and other executives to learn about how they weathered COVID-19 and divestment while simultaneously crafting a new management structure.

“What had been a very profitable business for a very long time is all of a sudden very unprofitable, because you can’t pivot on a dime,” said Lin. “We had a lot of decisions to make.”

Thanks very much for reading,

Walter Thompson
Senior Editor, TechCrunch+
@yourprotagonist

Samsara could become a decacorn in upcoming IoT-themed IPO

Initially founded to create wireless sensors, IoT platform company Samsara reached a $3.6 billion valuation in 2018, but its latest S-1/A filing could boost that “from $10.1 billion to $11.6 billion,” reports Alex Wilhelm in today’s edition of The Exchange.

Two weeks ago, he delved into the company’s inner workings, but “today, we’re more interested in the resulting numbers, not how they were achieved.”

AWS re:Invent 2021 was more incremental than innovative

AWS re:Invent 2021

Image Credits: Amazon

We’re used to Amazon making news: it’s the world’s third-largest company, and its founder is planning to build his own private space station.

But at last week’s re:Invent, the annual conference for AWS customers, “it felt more like Amazon was checking boxes and filling in holes in the product road map,” writes enterprise reporter Ron Miller.

After going virtual in 2020, this year’s in-person return to Las Vegas saw updates from incoming CEO Adam Selipsky, CTO Werner Vogels and others, but “nothing came out of the 2021 re:Invent that felt really cool.”

A few highlights: AWS unveiled the Gravitron 3, its latest Arm-based processor, along with re:Post, a managed Q&A service that replaces AWS forums, and Amplify Study, a no-code/low-code service for devs building cloud-connected applications.

But notably, “this is the first re:Invent in a long time where AWS did not announce a new database,” said Holger Mueller, an analyst at Constellation Research.

Ron’s recap of the week’s announcements — and the lack thereof — points to a company in transition: “Perhaps Amazon is becoming a bit more like Apple.”

Essential steps to thriving and surviving while fundraising

Close-Up Of Eyeglasses Against Grassy Field

Image Credits: Nilou Van Soest/EyeEm (opens in a new window) / Getty Images

For a founder, raising seed money can be the hardest part of the puzzle, and depending on the sector, can take dozens of weeks to accomplish.

A data-driven approach to the process, however, can help founders tackle fundraising efficiently while minimizing headaches, writes Russ Heddleston, CEO of DocSend.

“Having very clear data on where VCs focus their time on pitch decks or in meetings will guide you to deliver a finely tuned pitch to the right investor.”

3 ways to recruit engineers who fly under LinkedIn’s radar

Close-up of binoculars on table by the sea during sunset, the sunset is reflected in the glass of the binoculars (Close-up of binoculars on table by the sea during sunset, the sunset is reflected in the glass of the binoculars, ASCII, 113 components,

Image Credits: the_burtons (opens in a new window) / Getty Images

Last week’s announcement by LinkedIn that it would start offering its services in Hindi highlights a problem facing startups trying to recruit software developers — many of them don’t use the platform.

Potential hires who live in emerging markets are less likely to use LinkedIn, but a lot of devs just don’t take a strong interest in building their brands on social media.

Making an effort to meet developers where they are will help your company as an attractive place to work, writes Sergiu Matei, founder of Index.

In a TechCrunch+ post, he shares three tips you can use to attract engineers in an increasingly competitive market:

  • Open up your content, chats and code
  • Make EQ, not IQ, your hiring criteria
  • Say “yes” to more candidates

SenseTime’s IPO to test market demand for high-growth, high-loss shares in Hong Kong

The market is ripe for AI companies to go public, but for SenseTime’s Hong Kong IPO, demand may be less than that of the wider market, writes Alex Wilhelm.

The company’s new IPO target of up to HK$5.99 billion (US$768 million) is a far cry from its previous $2 billion IPO, possibly reflecting the fact that investors aren’t excited about its steadily increasing losses, Alex writes.

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App stores to see record consumer spend of $133 billion in 2021, 143.6 billion new app installs

The app economy will again set new records in 2021. According to a review of the global app ecosystem in 2021 by Sensor Tower, released today, first-time app installs grew to 143.6 billion during the year, a half percentage point higher than 2020, but…

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The app economy will again set new records in 2021. According to a review of the global app ecosystem in 2021 by Sensor Tower, released today, first-time app installs grew to 143.6 billion during the year, a half percentage point higher than 2020, but consumer spending in apps is up a much larger 19.7% year over year to reach $133 billion. This includes spending on in-app purchases, premium apps and subscriptions across both the Apple App Store and Google Play, but excludes third-party app stores, like those in China.

Image Credits: Sensor Tower

This growth is nearly in line with the growth seen in 2020 when consumer spending jumped 21% to reach $111.1 billion, Sensor Tower noted.

That the growth continued along the same lines this year is notable because, of course, 2020 had seen the world grappling with the immediate impacts of the COVID-19 pandemic that forced consumers to work from home, shop online, virtually connect with friends, stream more entertainment content and attend classes online, amid other behavioral shifts. These changes had played out in terms of consumer app usage and spending in 2020. Global app revenue had rocketed to $50 billion during the first half of 2020, in part due to how the pandemic was impacting the world of mobile apps, TechCrunch had reported at the time.

Image Credits: Sensor Tower

There were some early signals that these pandemic-driven shifts in consumer spending would outlast the COVID-19 government lockdowns seen in 2020 to continue to impact 2021 mobile trends. In the U.S., for example, consumer spending on iPhone apps was on track to reach an average of $180 in 2021, up from $136 last year, the firm had also said. It ended up at $165, we’re told, however. And consumer spending during the first half of 2021 was already hitting new records, with a global total of $64.9 billion.

Today, Sensor Tower reports the record $133 billion in global spend includes $85.1 billion in App Store spending, up 17.7% year over year from the $72.3 billion spent in 2020. It also includes $47.9 billion in Google Play consumer spend, up 23.5% from the $38.8 billion spent in 2020. The App Store continues to outpace Google Play with around 1.8 times the revenue, which is in line with previous years.

Outside of games, the app to pull in the most global revenue in 2021 was TikTok, including its Chinese counterpart, Douyin. Combined, the different iterations of ByteDance’s short-form video app passed $2 billion in revenue during the first 11 months of 2021 and is on track to reach $2.3 billion by year-end. That will bring its lifetime total to $3.8 billion.

The app also topped App Store’s charts in terms of global spending, but on Google Play, TikTok was only the No. 4 app by consumer spending. Google’s own Google One subscription was No. 1. By the end of this year, Google One will reach $1 billion in consumer spending, up 123% from $448.5 million in 2020.

Image Credits: Sensor Tower

Meanwhile, global app downloads are beginning to plateau. While overall, the figures inched up 0.5% year over year from 142.9 billion in 2020 to 143.6 billion, this was mainly due to growth in Android app downloads on Google Play. Installs there grew 2.6% year over year to reach 111.3 billion, up from 108.5 billion in 2020.

But Apple’s App Store saw new app installs drop. This year, downloads will have declined 6.1% from 34.4 billion in 2020 to 32.3 billion, Sensor Tower estimates.

TikTok remained the most-downloaded app with 745.9 million global installs, despite a drop from the 980.7 million installs it saw in 2020. (Apple had also recently confirmed TikTok was the top U.S. download of the year on its Free iPhone Apps chart, for what it’s worth.) On Google Play, Facebook topped the charts with 500.9 million installs, demonstrating the social networking app’s ability to gain traction in a number of emerging markets where Android is more popular. But across both app stores, Facebook will see 624.9 million installs in 2021, down 12% year over year from 707.8 million in 2020.

Image Credits: Sensor Tower

Mobile games continue to pull in the lions’ share of global app revenue, as in previous years. In 2021, mobile game spending will reach $89.6 billion across the App Store and Google Play, up 12.6% year over year from the $79.6 billion spent in 2020.

But in an ongoing trend, gaming’s slice of the overall pie is shrinking. In 2019, games accounted for 74.1% of all app spending, which dropped to 71.7% in 2020. This year, they’ve fallen again, representing just 67.4% of all in-app spending. This shift is due to the rise of subscription-based apps outside of games, and this year, particularly the growth in streaming and Entertainment apps, which have financially benefitted from the pandemic.

Image Credits: Sensor Tower

On the App Store, games will account for $52.3 billion in consumer spending this year, up 9.9% from 2020. The gaming market on iOS is led by Tencent’s Honor of Kings, which generated $2.9 billion on iOS, up 16% from the $2.5 billion it saw last year.

On Google Play, the highest-grossing title is again Moon Active’s Coin Master, up 13% year over year to reach nearly $912 million. Overall, games on Google Play will generate $37.3 billion in global spending, up 16.6% year over year from $32 billion in 2020.

Image Credits: Sensor Tower

Game installs, like the rest of mobile app installs, declined year over year on the App Store, going from 10.1 billion in 2020 to 8.6 billion this year. PUBG Mobile, including the Chinese version Game of Peace, grabbed the most downloads (47.5 million). On Google Play, game installs grew 1.3% from 46.1 billion last year to 46.7 billion this year, with Garena Free Fire pulling in the most downloads (218.8 million).

To some extent, this year’s trends saw a bit of normalization after an unusual burst of activity in 2020. But other trends have remained the same — like the shrinking slice of consumer spend attributed to games, for instance, or how Android continually beats iOS on downloads but not on revenue.

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