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3 Tech Penny Stocks To Watch In August 2021

Tech penny stocks continue to attract attention; here’s 3 for your watchlist
The post 3 Tech Penny Stocks To Watch In August 2021 appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.

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Hot Tech Penny Stocks to Watch in August 2021

This year tech penny stocks have become some of the most popular small-caps for investors to buy. And, there are plenty of good reasons for this. During the most recent earnings season, most of the big-name blue-chip tech stocks blew the expectations out of the water. While some fear that this could be a peak, others believe tech is just getting started. 

In the second quarter of this year, the U.S. GDP shot up by around 6.5%, indicating that expansion is well underway following the onset of the pandemic. Right now we have to consider the effects of the Delta variant on a reopening economy. In line with this, investors should understand what this means for penny stocks across the board. With the tech industry, investors remain bullish on the potential impact of the pandemic. 

[Read More] 4 Top Reddit Stocks To Watch As Robinhood (HOOD) Stock Breaks $80

As we saw early on in the course of Covid, many tech stocks were able to benefit greatly. The increased need for new tech products and better work-from-home/educate-from-home offerings created a highly bullish environment for the tech industry. With strong confidence in the future of the stock market, here are three tech penny stocks to know about in August. 

Tech Penny Stocks To Watch For August 2021 

  1. Alpha Esports Tech (CSE: ALPA) (OTC: APETF
  2. Sonim Technologies Inc. (NASDAQ: SONM)
  3. Bitfarms Ltd. (NASDAQ: BITF)

Alpha Esports Tech (CSE: ALPA) (OTC: APETF) 

During the course of the pandemic, people have searched for new methods to entertain themselves from home. And while video games have remained highly popular, competitive gaming or Esports is something that has only started to pick up momentum in the past five years or so. 

While Covid highlighted several industries for their temporary contributions to the pandemic-stricken economy, other industries used it as a launching point. One of those industries is Esports. It’s worth noting that the momentum around this unique sector has only just begun to pick up in the past few years, indicating that there could be plenty of potential left to take advantage of. Alpha Esports Tech has begun to turn some heads this year. 

From its GamerzArena platform to its active userbase, Alpha Esports has focused on taking advantage of this new wave of interest in Esports. Rather than focusing on one specific area of the market, the company has broadened its reach with a multi-pronged approach to the industry. Looking at the company, we can break it down into three separate propositions: esports, mobile gaming, and eCommerce. While they all are different, these three business opportunities present different value points for investors to take a closer look at. 

Overall, Alpha Esports’ focus is on bringing together the gaming community onto its unique GamerzArena platform. The GamerzArena allows players to come together for community competitions, tournaments, and daily prizes. In addition, Alpha Esports has already succeeded in monetizing this product with its GamerzArena+ subscriber-based model. At $12.99 per month, gamers have access to better prizes, unique events, and all the gaming analytics one could ask for.

[Read More] Alpha Esports Announces Expansion into Brazil; Signs Launch Partnership with Mais Esports, Brazil’s Largest Esports Media Company

Alpha Esports has managed to build a gamer community that thrives on the success of its players. And, it works with its gamers to help them succeed in the long run. Case and point, Devlin D’Zmura, the Social Media Manager & Content Producer at Barstool stated that the GamerzArena “exceeded our expectations across the board. The level of personal and interactive content it provides us for our community is invaluable!” 

From a fiscal perspective, Alpha Esports is also putting itself ahead of the game. The company expects to have more than 500,000 users by the 4th quarter of this year alone. And if we look at the Market Insight Report for the global esports betting market, we see a CAGR of over 13% to $13.05 billion by the year 2025. Considering this, do you think it’s worth adding to your watchlist?

Sonim Technologies Inc. (NASDAQ: SONM) 

Up by a solid 6% or so by midday are shares of SONM stock. If you’re unfamiliar, Sonim Technologies is a U.S. provider of mobile tech solutions aimed at the ultra-rugged market. Its products are in use in fields such as onsite maintenance and those in harsh environment roles. 

[Read More] 4 Hot Penny Stocks to Watch With High Volume in August

The lineup of offerings that Sonim has includes rugged phones, industrial accessories, and a variety of applications for use on these platforms. A few weeks ago, Sonim announced an exciting partnership with 4K Solutions. This partnership will oversee the launch of the Mobile Broadband Kit Elite or MBK-Elite, which is designed to support the Sonim Xp8 ultra-rugged Android handset. 

“We are excited to team up with 4K Solutions to offer a complete critical communications solution that can be tailored to each customer’s demanding requirements. Combining Sonim’s expertise in rugged smartphones with 4K Solutions expertise with mobile broadband kits is a win-win for customers needing a rapid-deployment solution for emergency response.” 

The CMO of Sonim Technologies, John Graff

Since mid-July, shares of SONM stock have climbed by over 10%. And with its constant innovation, Sonim Technologies could be worth keeping an eye on in the near future.

Sonim Technologies (SONM Stock Chart)

Bitfarms Ltd. (NASDAQ: BITF) 

Over the past month, shares of BITF stock have climbed by over 18% and YTD by over 140%. This staggering rise is a reflection of both Bitfarms’ work and the rise in Bitcoin popularity during that time. For some context, Bitfarms is a vertically integrated Bitcoin mining company. It operates onsite technical repair, data analytics, engineering and installation services and high hash-rate Bitcoin mining. While it was only listed on the NASDAQ in June of this year, Bitfarms has received a great deal of attention since that time. 

If you follow the crypto industry, you likely know that one of the main issues is the extreme use of energy required to mine cryptocurrency. To combat this, Bitfarms states that over 99% of its operations utilize hydropower. This is a big deal in the blockchain industry and something that companies are just now beginning to move toward. It’s worth noting that BITF stock is not technically a penny stock at just over $5 per share. However, it was only a few days ago prior to its recent climb. And, its solid rise in that time frame could be due to its positive outlook on the near future. 

The company stated that in the first six months of 2021, it was able to mine 1,357 Bitcoin. This is the largest number of Bitcoin mined in North America for any publicly traded mining company. At the August 4th BTC price of just under $40,000, this number amounts to $53,354,526. In June alone, Bitfarms mined 265 new Bitcoin, which was a record for the company at the time. So, with the popularity of cryptocurrency only continuing to rise, is BITF a welcome addition to your penny stocks watchlist or not?

Penny_Stocks_to_Watch_Bitfarms Ltd. (BITF Stock Chart)

Tech Penny Stocks Are Ripe With Potential 

Over the past year and a half, the tech industry has grown substantially. And while blue-chip tech stocks like AAPL stock and TSLA stock are always in focus, this massive industry growth has put a spotlight on tech penny stocks as well. 

[Read More] This Biotech Stock was Once a Penny Stock but is Now Making Big Moves on the Nasdaq!

With hundreds of choices from Esports to blockchain penny stocks, the potential for profitability is almost unlimited. But as always, investors should do their research into any and every company on their watchlists. This will help to ensure the best chance of making money with penny stocks. Considering this, which tech stocks are on your watchlist right now?

education technology penny stocks to buy edtech

Pursuant to an agreement between Midam Ventures LLC and Alpha Tech INC Midam has been paid $300,000 for a period from February 12, 2021, to April 2, 2021. We may buy or sell additional shares of Alpha Tech INC in the open market at any time, including before, during, or after the Website and Information, to provide public dissemination of favorable Information about Alpha Tech INC. Now extended from 6/30/2021 to October 29, 2021 & no additional compensation of any kind has been received by MIDAM. Click Here For Full Disclaimer.

The post 3 Tech Penny Stocks To Watch In August 2021 appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.

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Looking Back At COVID’s Authoritarian Regimes

After having moved from Canada to the United States, partly to be wealthier and partly to be freer (those two are connected, by the way), I was shocked,…

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After having moved from Canada to the United States, partly to be wealthier and partly to be freer (those two are connected, by the way), I was shocked, in March 2020, when President Trump and most US governors imposed heavy restrictions on people’s freedom. The purpose, said Trump and his COVID-19 advisers, was to “flatten the curve”: shut down people’s mobility for two weeks so that hospitals could catch up with the expected demand from COVID patients. In her book Silent Invasion, Dr. Deborah Birx, the coordinator of the White House Coronavirus Task Force, admitted that she was scrambling during those two weeks to come up with a reason to extend the lockdowns for much longer. As she put it, “I didn’t have the numbers in front of me yet to make the case for extending it longer, but I had two weeks to get them.” In short, she chose the goal and then tried to find the data to justify the goal. This, by the way, was from someone who, along with her task force colleague Dr. Anthony Fauci, kept talking about the importance of the scientific method. By the end of April 2020, the term “flatten the curve” had all but disappeared from public discussion.

Now that we are four years past that awful time, it makes sense to look back and see whether those heavy restrictions on the lives of people of all ages made sense. I’ll save you the suspense. They didn’t. The damage to the economy was huge. Remember that “the economy” is not a term used to describe a big machine; it’s a shorthand for the trillions of interactions among hundreds of millions of people. The lockdowns and the subsequent federal spending ballooned the budget deficit and consequent federal debt. The effect on children’s learning, not just in school but outside of school, was huge. These effects will be with us for a long time. It’s not as if there wasn’t another way to go. The people who came up with the idea of lockdowns did so on the basis of abstract models that had not been tested. They ignored a model of human behavior, which I’ll call Hayekian, that is tested every day.

These are the opening two paragraphs of my latest Defining Ideas article, “Looking Back at COVID’s Authoritarian Regimes,” Defining Ideas, March 14, 2024.

Another excerpt:

That wasn’t the only uncertainty. My daughter Karen lived in San Francisco and made her living teaching Pilates. San Francisco mayor London Breed shut down all the gyms, and so there went my daughter’s business. (The good news was that she quickly got online and shifted many of her clients to virtual Pilates. But that’s another story.) We tried to see her every six weeks or so, whether that meant our driving up to San Fran or her driving down to Monterey. But were we allowed to drive to see her? In that first month and a half, we simply didn’t know.

Read the whole thing, which is longer than usual.

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The hostility Black women face in higher education carries dire consequences

9 Black women who were working on or recently earned their PhDs told a researcher they felt isolated and shut out.

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Isolation can make opportunities elusive. fotostorm via Getty Images

Isolated. Abused. Overworked.

These are the themes that emerged when I invited nine Black women to chronicle their professional experiences and relationships with colleagues as they earned their Ph.D.s at a public university in the Midwest. I featured their writings in the dissertation I wrote to get my Ph.D. in curriculum and instruction.

The women spoke of being silenced.

“It’s not just the beating me down that is hard,” one participant told me about constantly having her intelligence questioned. “It is the fact that it feels like I’m villainized and made out to be the problem for trying to advocate for myself.”

The women told me they did not feel like they belonged. They spoke of routinely being isolated by peers and potential mentors.

One participant told me she felt that peer community, faculty mentorship and cultural affinity spaces were lacking.

Because of the isolation, participants often felt that they were missing out on various opportunities, such as funding and opportunities to get their work published.

Participants also discussed the ways they felt they were duped into taking on more than their fair share of work.

“I realized I had been tricked into handling a two- to four-person job entirely by myself,” one participant said of her paid graduate position. “This happened just about a month before the pandemic occurred so it very quickly got swept under the rug.”

Why it matters

The hostility that Black women face in higher education can be hazardous to their health. The women in my study told me they were struggling with depression, had thought about suicide and felt physically ill when they had to go to campus.

Other studies have found similar outcomes. For instance, a 2020 study of 220 U.S. Black college women ages 18-48 found that even though being seen as a strong Black woman came with its benefits – such as being thought of as resilient, hardworking, independent and nurturing – it also came at a cost to their mental and physical health.

These kinds of experiences can take a toll on women’s bodies and can result in poor maternal health, cancer, shorter life expectancy and other symptoms that impair their ability to be well.

I believe my research takes on greater urgency in light of the recent death of Antoinette “Bonnie” Candia-Bailey, who was vice president of student affairs at Lincoln University. Before she died by suicide, she reportedly wrote that she felt she was suffering abuse and that the university wasn’t taking her mental health concerns seriously.

What other research is being done

Several anthologies examine the negative experiences that Black women experience in academia. They include education scholars Venus Evans-Winters and Bettina Love’s edited volume, “Black Feminism in Education,” which examines how Black women navigate what it means to be a scholar in a “white supremacist patriarchal society.” Gender and sexuality studies scholar Stephanie Evans analyzes the barriers that Black women faced in accessing higher education from 1850 to 1954. In “Black Women, Ivory Tower,” African American studies professor Jasmine Harris recounts her own traumatic experiences in the world of higher education.

What’s next

In addition to publishing the findings of my research study, I plan to continue exploring the depths of Black women’s experiences in academia, expanding my research to include undergraduate students, as well as faculty and staff.

I believe this research will strengthen this field of study and enable people who work in higher education to develop and implement more comprehensive solutions.

The Research Brief is a short take on interesting academic work.

Ebony Aya received funding from the Black Collective Foundation in 2022 to support the work of the Aya Collective.

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US Economic Growth Still Expected To Slow In Q1 GDP Report

A new round of nowcasts continue to estimate that US economic activity will downshift in next month’s release of first-quarter GDP data. Today’s revised…

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A new round of nowcasts continue to estimate that US economic activity will downshift in next month’s release of first-quarter GDP data. Today’s revised estimate is based on the median for a set of nowcasts compiled by CapitalSpectator.com.

Output for the January-through-March period is currently projected to soften to a 2.1% increase (seasonally adjusted annual rate). The estimate reflects a substantially softer rise vs. Q4’s strong 3.2% advance, which in turn marks a downshift from Q3’s red-hot 4.9% increase, according to government data.

Today’s revised Q1 estimate was essentially unchanged from the previous Q1 nowcast (published on Mar. 7). At this late date in the current quarter, the odds are relatively high that the current median estimate is a reasonable guesstimate for the actual GDP data that the Bureau of Economic Analysis will publish in late-April.

GDP rising at roughly a 2% pace marks another slowdown from recent quarters, but if the current nowcast is correct it suggests that recession risk remains low. The question is whether the slowdown persists into Q2 and beyond. Given the expected deceleration in growth on tap for Q1, the economy may be flirting with a tipping point for recession later in the year. It’s premature to make such a forecast with high confidence, but it’s a scenario that’s increasingly plausible, albeit speculatively so for now.

Yesterday’s release of retail sales numbers for February aligns with the possibility that even softer growth is coming. Although spending rebounded last month after January’s steep decline, the bounce was lowr than expected.

“The modest rebound in retail sales in February suggests that consumer spending growth slowed in early 2024,” says Michael Pearce, Oxford Economics deputy chief US economist.

Reviewing retail spending on a year-over-year basis provides a clearer view of the softer-growth profile. The pace edged up to 1.5% last month vs. the year-earlier level, but that’s close to the slowest increase in the post-pandemic recovery.

Despite emerging signs of slowing growth, relief for the economy in the form of interest-rate cuts may be further out in time than recently expected, due to the latest round of sticky inflation news this week.

“When the Fed is contemplating a series of rate cuts and is confronted by suddenly slower economic growth and suddenly brisker inflation, they will respond to the new news on the inflation side every time,” says Chris Low, chief economist at FHN Financial. “After all, this is not the first time in the past couple of years consumers have paused spending for a couple of months to catch their breath.”


How is recession risk evolving? Monitor the outlook with a subscription to:
The US Business Cycle Risk Report


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