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3 Top Penny Stocks to Watch on Robinhood For June 2021

Penny stocks on Robinhood are wildly popular; here’s 3 for your watchlist
The post 3 Top Penny Stocks to Watch on Robinhood For June 2021 appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.

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 3 Penny Stocks on Robinhood For Your June Watchlist 

Robinhood penny stocks are some of the most popular in the industry for good reason. The main answer for this is that Robinhood is arguably one of the easiest ways to invest in the stock market. Because of its ease of use and accessibility, millions of retail traders now have the opportunity to invest in penny stocks. Combine that with penny stocks which are by nature, under $5, and we see just how popular they have become. 

One thing to note is that a large chunk of penny stocks are traded on the OTC exchange. This is due to both the high cost of listing on either the NASDAQ or NYSE, and the required financials to do so as well. But again, a penny stock is by definition, any stock trading under $5. And, there are hundreds of these on Robinhood to choose from. Because of this, finding the best penny stocks to buy solely comes down to research, and seeing if it is on Robinhood if you use that platform to trade. 

[Read More] Meme Penny Stocks Are Here to Stay; 3 For Your Summer Watchlist

Additionally, we have to consider that the effect of Robinhood being so accessible to all is billions of dollars in capital coming from retail traders. This means that volume is higher than ever before and volatility is also extremely high. While this is not a bad thing, it is something to consider with penny stocks on Robinhood. Considering all of these factors, let’s take a look at some of the best penny stocks to watch on Robinhood right now. 

3 Penny Stocks on Robinhood to Watch in June 2021

  1. Antelope Enterprise Holdings Ltd. (NASDAQ: AEHL)
  2. Transocean Ltd. (NYSE: RIG)
  3. Camber Energy Inc. (NYSE: CEI

Antelope Enterprise Holdings Limited (NASDAQ: AEHL)

Up by a staggering 42% in early morning trading following a 38% gain yesterday, is AEHL stock. For those unfamiliar, Antelope Enterprise manufactures ceramic tiles for a myriad of uses in China. Amid falling Covid cases and vaccine rates at all-time highs, people are beginning to work on their homes, and large companies are continuing major infrastructure projects. While this has been going on for the past few months, it is pickling up intensely right now.

Antelope supplies all types of tiles through its various subsidiaries, vastly increasing its market reach and consumer demand.These tiles are used for interior flooring, design, and exterior siding in residential and commercial buildings. Its brands include HD, Hengda, HEDL, Hengdeli, TOERTO, and many more in China.

Back in April, the company released its financial results for the second half of 2020. Revenue for the company came in at around $21 million, down by around $300,000 over the same quarter of the previous year. While it did pull in a substantial loss of $3.67 per share, this is much less than the $13.08 loss per share it took in during the same period of 2019.

“Our average selling price subsequently decreased for the second half of 2020 as compared to the same period of 2019, where the price decrease was in effect for only two months, but this mitigated what we believe would have been a greater decline in sales as compared to the modest decrease in sales volume that occurred in the second half of the year as business conditions due to the COVID-19 pandemic began to normalize.” 

The CEO of Antelope, Ms. Meishuang Huang

While there is no company-specific news driving this massive price spike, it could be the result of high speculation and future hopes on the end of the pandemic. It’s hard to pinpoint one reason, but we do see moves like this occasionally with penny stocks. Considering this, will it be on your list of stocks to watch in June?

Transocean Ltd. (NYSE: RIG)

Oil and gas penny stocks like Transocean Ltd. have also seen increased demand as a result of the pandemic coming to a close. For those unfamiliar, Transocean provides offshore contract drilling services for wells around the world. It contracts drilling rigs, work crews, and related items to help with the process of offshore oil extraction.

As of February 2021, it has partial interest in or fully owns 37 mobile offshore drilling units. This includes 27 ultra-deepwater and 10 harsh environment floaters. This is quite a large amount and shows that RIG has a great deal of exposure to the energy sector. With its stock price increasing substantially in the past few days, what reasons can we find for this bullish interest?

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On June 7th, Transocean announced an agreement with Jurong Shipyard Pte Ltd. on the delayed delivery of ultra-deepwater drillships. JSPL has agreed to accept deferred payment for the rigs due to the delays. While the time frame of this delivery is important, it is more important that Transocean gets these rigs.

This will result in an ability to begin meeting increased demand. Because of the pandemic slowing down in severity, many believe that the demand for oil and gas will shoot up dramatically in the coming months. While this may not have an immediate effect on RIG stock, it could show up in the company’s financials.

“These agreements clearly represent a monumental achievement for Transocean. As the result, we will take delivery of the two highest specification ultra-deepwater drillships in the world, and the only two assets capable of drilling and completing 20,000 psi wells.”

CEO of Transocean, Jeremy Thigpen

While RIG stock had been up by as much as 5% on June 8th it managed to finish the day relatively flat. Despite this, many believe in the long-term future of RIG stock. Whether it’s worth watching, however, is up to you.

Penny_Stocks_to_Watch_Transocean_Ltd._(RIG_Stock_Chart)

Camber Energy Inc. (NYSE: CEI)

Another energy penny stock that is performing well at the moment is Camber Energy Inc. Camber Energy acquires, develops, and sells crude oil, natural gas, and natural gas liquids. The Texas-based company had total estimated proven reserves of 133,442 million barrels of oil equivalent as of last March. Camber also has 207,823 million cubic feet of natural gas reserves. This is a very substantial reserve amount, and it’s worth noting that it still has quite a lot of oil in the ground at its oil fields.

Again, many believe that the demand for oil and gas could rise in the coming months with more people traveling than during the pandemic. But for now, this remains mostly as speculation. Camber’s majority-owned subsidiary, Viking Energy Group Inc., announced its first-quarter results on May 25th. While its revenue was lower than the previous year’s same quarter, this makes sense given the effects of Covid on the energy industry during that time.

The President and CEO James Doris said, “We are pleased with Viking’s Q1 results, especially following the unprecedented conditions experienced in 2020. We are extremely encouraged with the foundation we have established, and are intensely focused on pursuing growth opportunities.”

Many energy companies are sharing this sentiment right now. The results from the latest quarter have been relatively disappointing for most similar businesses. However, investors are hopeful about the long-term future of oil and gas.

CEI stock is up about 3% with more than two times its average trading volume on June 8th. Those financial results were Camber’s most recent updates. It seems like this oil and gas company is recovering from the pandemic amid lower cases and reopening in the United States. It’s worth noting that with little to no restrictions surrounding the pandemic in Texas, Camber could have an easier time getting back to pre-covid production levels. With all of this in mind, will it make your watchlist in June?

Penny_Stocks_to_Watch_Camber_Energy_Inc._(CEI_Stock_Report)

Robinhood Penny Stocks Remain Popular 

While finding penny stocks to buy on Robinhood can at times be challenging, there is plenty of value. Locating the highest value is the task that all investors both retail and institutional have to deal with.

[Read More] 4 Robinhood Penny Stocks to Watch in Summer 2021

But, with the right research and information at hand, it can be much easier than previously imagined. Considering all of this, there are plenty of reasons as to why Robinhood penny stocks remain wildly popular. This seems to be true with investors of all types. With this in mind, which penny stocks are you watching in June 2021?

The post 3 Top Penny Stocks to Watch on Robinhood For June 2021 appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.

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Analyst reviews Apple stock price target amid challenges

Here’s what could happen to Apple shares next.

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They said it was bound to happen.

It was Jan. 11, 2024 when software giant Microsoft  (MSFT)  briefly passed Apple  (AAPL)  as the most valuable company in the world.

Microsoft's stock closed 0.5% higher, giving it a market valuation of $2.859 trillion. 

It rose as much as 2% during the session and the company was briefly worth $2.903 trillion. Apple closed 0.3% lower, giving the company a market capitalization of $2.886 trillion. 

"It was inevitable that Microsoft would overtake Apple since Microsoft is growing faster and has more to benefit from the generative AI revolution," D.A. Davidson analyst Gil Luria said at the time, according to Reuters.

The two tech titans have jostled for top spot over the years and Microsoft was ahead at last check, with a market cap of $3.085 trillion, compared with Apple's value of $2.684 trillion.

Analysts noted that Apple had been dealing with weakening demand, including for the iPhone, the company’s main source of revenue. 

Demand in China, a major market, has slumped as the country's economy makes a slow recovery from the pandemic and competition from Huawei.

Sales in China of Apple's iPhone fell by 24% in the first six weeks of 2024 compared with a year earlier, according to research firm Counterpoint, as the company contended with stiff competition from a resurgent Huawei "while getting squeezed in the middle on aggressive pricing from the likes of OPPO, vivo and Xiaomi," said senior Analyst Mengmeng Zhang.

“Although the iPhone 15 is a great device, it has no significant upgrades from the previous version, so consumers feel fine holding on to the older-generation iPhones for now," he said.

A man scrolling through Netflix on an Apple iPad Pro. Photo by Phil Barker/Future Publishing via Getty Images.

Future Publishing/Getty Images

Big plans for China

Counterpoint said that the first six weeks of 2023 saw abnormally high numbers with significant unit sales being deferred from December 2022 due to production issues.

Apple is planning to open its eighth store in Shanghai – and its 47th across China – on March 21.

Related: Tech News Now: OpenAI says Musk contract 'never existed', Xiaomi's EV, and more

The company also plans to expand its research centre in Shanghai to support all of its product lines and open a new lab in southern tech hub Shenzhen later this year, according to the South China Morning Post.

Meanwhile, over in Europe, Apple announced changes to comply with the European Union's Digital Markets Act (DMA), which went into effect last week, Reuters reported on March 12.

Beginning this spring, software developers operating in Europe will be able to distribute apps to EU customers directly from their own websites instead of through the App Store.

"To reflect the DMA’s changes, users in the EU can install apps from alternative app marketplaces in iOS 17.4 and later," Apple said on its website, referring to the software platform that runs iPhones and iPads. 

"Users will be able to download an alternative marketplace app from the marketplace developer’s website," the company said.

Apple has also said it will appeal a $2 billion EU antitrust fine for thwarting competition from Spotify  (SPOT)  and other music streaming rivals via restrictions on the App Store.

The company's shares have suffered amid all this upheaval, but some analysts still see good things in Apple's future.

Bank of America Securities confirmed its positive stance on Apple, maintaining a buy rating with a steady price target of $225, according to Investing.com

The firm's analysis highlighted Apple's pricing strategy evolution since the introduction of the first iPhone in 2007, with initial prices set at $499 for the 4GB model and $599 for the 8GB model.

BofA said that Apple has consistently launched new iPhone models, including the Pro/Pro Max versions, to target the premium market. 

Analyst says Apple selloff 'overdone'

Concurrently, prices for previous models are typically reduced by about $100 with each new release. 

This strategy, coupled with installment plans from Apple and carriers, has contributed to the iPhone's installed base reaching a record 1.2 billion in 2023, the firm said.

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Apple has effectively shifted its sales mix toward higher-value units despite experiencing slower unit sales, BofA said.

This trend is expected to persist and could help mitigate potential unit sales weaknesses, particularly in China. 

BofA also noted Apple's dominance in the high-end market, maintaining a market share of over 90% in the $1,000 and above price band for the past three years.

The firm also cited the anticipation of a multi-year iPhone cycle propelled by next-generation AI technology, robust services growth, and the potential for margin expansion.

On Monday, Evercore ISI analysts said they believed that the sell-off in the iPhone maker’s shares may be “overdone.”

The firm said that investors' growing preference for AI-focused stocks like Nvidia  (NVDA)  has led to a reallocation of funds away from Apple. 

In addition, Evercore said concerns over weakening demand in China, where Apple may be losing market share in the smartphone segment, have affected investor sentiment.

And then ongoing regulatory issues continue to have an impact on investor confidence in the world's second-biggest company.

“We think the sell-off is rather overdone, while we suspect there is strong valuation support at current levels to down 10%, there are three distinct drivers that could unlock upside on the stock from here – a) Cap allocation, b) AI inferencing, and c) Risk-off/defensive shift," the firm said in a research note.

Related: Veteran fund manager picks favorite stocks for 2024

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Major typhoid fever surveillance study in sub-Saharan Africa indicates need for the introduction of typhoid conjugate vaccines in endemic countries

There is a high burden of typhoid fever in sub-Saharan African countries, according to a new study published today in The Lancet Global Health. This high…

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There is a high burden of typhoid fever in sub-Saharan African countries, according to a new study published today in The Lancet Global Health. This high burden combined with the threat of typhoid strains resistant to antibiotic treatment calls for stronger prevention strategies, including the use and implementation of typhoid conjugate vaccines (TCVs) in endemic settings along with improvements in access to safe water, sanitation, and hygiene.

Credit: IVI

There is a high burden of typhoid fever in sub-Saharan African countries, according to a new study published today in The Lancet Global Health. This high burden combined with the threat of typhoid strains resistant to antibiotic treatment calls for stronger prevention strategies, including the use and implementation of typhoid conjugate vaccines (TCVs) in endemic settings along with improvements in access to safe water, sanitation, and hygiene.

 

The findings from this 4-year study, the Severe Typhoid in Africa (SETA) program, offers new typhoid fever burden estimates from six countries: Burkina Faso, Democratic Republic of the Congo (DRC), Ethiopia, Ghana, Madagascar, and Nigeria, with four countries recording more than 100 cases for every 100,000 person-years of observation, which is considered a high burden. The highest incidence of typhoid was found in DRC with 315 cases per 100,000 people while children between 2-14 years of age were shown to be at highest risk across all 25 study sites.

 

There are an estimated 12.5 to 16.3 million cases of typhoid every year with 140,000 deaths. However, with generic symptoms such as fever, fatigue, and abdominal pain, and the need for blood culture sampling to make a definitive diagnosis, it is difficult for governments to capture the true burden of typhoid in their countries.

 

“Our goal through SETA was to address these gaps in typhoid disease burden data,” said lead author Dr. Florian Marks, Deputy Director General of the International Vaccine Institute (IVI). “Our estimates indicate that introduction of TCV in endemic settings would go to lengths in protecting communities, especially school-aged children, against this potentially deadly—but preventable—disease.”

 

In addition to disease incidence, this study also showed that the emergence of antimicrobial resistance (AMR) in Salmonella Typhi, the bacteria that causes typhoid fever, has led to more reliance beyond the traditional first line of antibiotic treatment. If left untreated, severe cases of the disease can lead to intestinal perforation and even death. This suggests that prevention through vaccination may play a critical role in not only protecting against typhoid fever but reducing the spread of drug-resistant strains of the bacteria.

 

There are two TCVs prequalified by the World Health Organization (WHO) and available through Gavi, the Vaccine Alliance. In February 2024, IVI and SK bioscience announced that a third TCV, SKYTyphoid™, also achieved WHO PQ, paving the way for public procurement and increasing the global supply.

 

Alongside the SETA disease burden study, IVI has been working with colleagues in three African countries to show the real-world impact of TCV vaccination. These studies include a cluster-randomized trial in Agogo, Ghana and two effectiveness studies following mass vaccination in Kisantu, DRC and Imerintsiatosika, Madagascar.

 

Dr. Birkneh Tilahun Tadesse, Associate Director General at IVI and Head of the Real-World Evidence Department, explains, “Through these vaccine effectiveness studies, we aim to show the full public health value of TCV in settings that are directly impacted by a high burden of typhoid fever.” He adds, “Our final objective of course is to eliminate typhoid or to at least reduce the burden to low incidence levels, and that’s what we are attempting in Fiji with an island-wide vaccination campaign.”

 

As more countries in typhoid endemic countries, namely in sub-Saharan Africa and South Asia, consider TCV in national immunization programs, these data will help inform evidence-based policy decisions around typhoid prevention and control.

 

###

 

About the International Vaccine Institute (IVI)
The International Vaccine Institute (IVI) is a non-profit international organization established in 1997 at the initiative of the United Nations Development Programme with a mission to discover, develop, and deliver safe, effective, and affordable vaccines for global health.

IVI’s current portfolio includes vaccines at all stages of pre-clinical and clinical development for infectious diseases that disproportionately affect low- and middle-income countries, such as cholera, typhoid, chikungunya, shigella, salmonella, schistosomiasis, hepatitis E, HPV, COVID-19, and more. IVI developed the world’s first low-cost oral cholera vaccine, pre-qualified by the World Health Organization (WHO) and developed a new-generation typhoid conjugate vaccine that is recently pre-qualified by WHO.

IVI is headquartered in Seoul, Republic of Korea with a Europe Regional Office in Sweden, a Country Office in Austria, and Collaborating Centers in Ghana, Ethiopia, and Madagascar. 39 countries and the WHO are members of IVI, and the governments of the Republic of Korea, Sweden, India, Finland, and Thailand provide state funding. For more information, please visit https://www.ivi.int.

 

CONTACT

Aerie Em, Global Communications & Advocacy Manager
+82 2 881 1386 | aerie.em@ivi.int


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US Spent More Than Double What It Collected In February, As 2024 Deficit Is Second Highest Ever… And Debt Explodes

US Spent More Than Double What It Collected In February, As 2024 Deficit Is Second Highest Ever… And Debt Explodes

Earlier today, CNBC’s…

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US Spent More Than Double What It Collected In February, As 2024 Deficit Is Second Highest Ever... And Debt Explodes

Earlier today, CNBC's Brian Sullivan took a horse dose of Red Pills when, about six months after our readers, he learned that the US is issuing $1 trillion in debt every 100 days, which prompted him to rage tweet, (or rageX, not sure what the proper term is here) the following:

We’ve added 60% to national debt since 2018. Germany - a country with major economic woes - added ‘just’ 32%.   

Maybe it will never matter.   Maybe MMT is real.   Maybe we just cancel or inflate it out. Maybe career real estate borrowers or career politicians aren’t the answer.

I have no idea.  Only time will tell.   But it’s going to be fascinating to watch it play out.

He is right: it will be fascinating, and the latest budget deficit data simply confirmed that the day of reckoning will come very soon, certainly sooner than the two years that One River's Eric Peters predicted this weekend for the coming "US debt sustainability crisis."

According to the US Treasury, in February, the US collected $271 billion in various tax receipts, and spent $567 billion, more than double what it collected.

The two charts below show the divergence in US tax receipts which have flatlined (on a trailing 6M basis) since the covid pandemic in 2020 (with occasional stimmy-driven surges)...

... and spending which is about 50% higher compared to where it was in 2020.

The end result is that in February, the budget deficit rose to $296.3 billion, up 12.9% from a year prior, and the second highest February deficit on record.

And the punchline: on a cumulative basis, the budget deficit in fiscal 2024 which began on October 1, 2023 is now $828 billion, the second largest cumulative deficit through February on record, surpassed only by the peak covid year of 2021.

But wait there's more: because in a world where the US is spending more than twice what it is collecting, the endgame is clear: debt collapse, and while it won't be tomorrow, or the week after, it is coming... and it's also why the US is now selling $1 trillion in debt every 100 days just to keep operating (and absorbing all those millions of illegal immigrants who will keep voting democrat to preserve the socialist system of the US, so beloved by the Soros clan).

And it gets even worse, because we are now in the ponzi finance stage of the Minsky cycle, with total interest on the debt annualizing well above $1 trillion, and rising every day

... having already surpassed total US defense spending and soon to surpass total health spending and, finally all social security spending, the largest spending category of all, which means that US debt will now rise exponentially higher until the inevitable moment when the US dollar loses its reserve status and it all comes crashing down.

We conclude with another observation by CNBC's Brian Sullivan, who quotes an email by a DC strategist...

.. which lays out the proposed Biden budget as follows:

The budget deficit will growth another $16 TRILLION over next 10 years. Thats *with* the proposed massive tax hikes.

Without them the deficit will grow $19 trillion.

That's why you will hear the "deficit is being reduced by $3 trillion" over the decade.

No family budget or business could exist with this kind of math.

Of course, in the long run, neither can the US... and since neither party will ever cut the spending which everyone by now is so addicted to, the best anyone can do is start planning for the endgame.

Tyler Durden Tue, 03/12/2024 - 18:40

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