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3 Top Reddit Penny Stocks You Need to Know About

Looking for the top Reddit penny stocks to buy? Check these 3 out for your watchlist
The post 3 Top Reddit Penny Stocks You Need to Know About appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.

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Why Penny Stocks Traders on Reddit Are Talking About These Small Caps 

When searching for the best penny stocks to buy, investors will often turn to Reddit. Reddit is a great resource that many investors use to find the best penny stocks, connect with other traders, and learn about what individual companies may have to offer. If you’re unfamiliar, Reddit is a social media site filled with thousands of communities known as ‘Subreddits’. 

These are essentially blogs where individuals can come together to discuss anything they’re interested in. And, as it pertains to the stock market, some popular Subreddits include r/RedditPennyStocks and r/WallStreetBets. If you’ve traded either penny stocks or blue chips in the past year, you likely witnessed the rise and fall of meme stocks such as AMC stock, GME stock, BB stock, and more. 

[Read More] 4 Penny Stocks On Robinhood To Watch This Week

And, this is a direct result of traders coming together on Reddit to group-buy certain stocks. While we do see meme stocks come out every so often, the volatility they experience is extremely high. This means that most investors involved will end up losing money. For this reason, a great deal of traders tend to use Reddit simply for watchlist inspiration. 

In 2021, there are plenty of other factors that investors need to consider. But, with trading more democratized than ever due to platforms like Robinhood, there’s no doubting that right now is an exciting time to invest in penny stocks. With all of this in mind, let’s take a look at three top Reddit penny stocks that you need to know about. 

3 Reddit Penny Stocks to Watch Right Now 

  1. Ideanomics Inc. (NASDAQ: IDEX
  2. Phunware Inc. (NASDAQ: PHUN
  3. Cinedigm Corp. (NASDAQ: CIDM

Ideanomics Inc. (NASDAQ: IDEX)

Ideanomics Inc. is an industrial penny stock that we end up discussing frequently due to its constant momentum. This company provides the necessary solutions to commercial fleet operators that want to adopt electric vehicle technology. Ideanomics provides energy management, charging, financing, vehicles, and procurement solutions for its customers.

On the other side of its business, IDEX provides groundbreaking financial tech products through its Ideanomics Capital division. This combined with its Ideanomics Mobility sector mentioned above, makes IDEX a relatively diversified penny stock to watch

On August 3rd, Ideanomics announced a $25 million pledge in the Minority Depository Institution Keepers Fund (MDI). This pledge will help support minority and underserved communities. The MDI, sponsored by the National Bankers’ Association, is meant to increase inclusivity in the financial services industry.

“We are excited to join a network of progressive supporters of the MDI Keepers Fund. This is a proactive investment we are putting into communities that require the most disruption and transformation. We believe this fund will allow us to continue supporting diversity in our subsidiary businesses while maximizing the impact to these communities.”

The CEO of Ideanomics, Alf Poor

While this may not seem like a big deal, events like these can do wonders for a companies reputation and popularity. Noting this recent advancement, will IDEX make your list of penny stocks to watch this month?

Phunware Inc. (NASDAQ: PHUN)

Phunware Inc. is a tech penny stock that just climbed by over 6% in the market. In the past few days, PHUN stock has managed to more or less reverse its bearish trend that has occurred over the past few weeks. For some context, this company provides an integrated software platform used by various corporations. This platform provides companies with the services to manage, engage with, and monetize their mobile app portfolios. Its products are used in the real estate, healthcare, retail, and hospitality industries among many others. 

Because of how broad Phunware’s market is, many believe that it has a great chance at capturing a large market share of the industries it works in. And, with many of these industries as large players in the reopening market, PHUN could have some potential moving forward as it relates to the pandemic. 

[Read More] Penny Stocks to Buy This Week? 4 You Need to Know About

On July 27th, Phunware announced that it has engaged Steve Grasso of Grasso Global Inc. to support its expanded investor relations program initiatives. This announcement is in line with Phunware’s plan to maximize its shareholder value according to the company. The company believes that by partnering with Steve and his team, it will help Phunware reach this goal.

CFO Matt Aune stated, “Steve’s trade competencies and connections with institutional investors makes him an invaluable addition to our investor relations team.” Phunware will soon be releasing its second-quarter earnings for 2021 on August 12th. This is a day to look out for if you plan on investing in PHUN stock. For now, will this company enter your list of penny stocks to watch?

Penny_Stocks_to_Watch_Phunware_Inc._(PHUN_Stock_Chart)

Cinedigm Corp. (NASDAQ: CIDM)

Cinedigm Corp. is a penny stock that many Reddit traders tend to watch regularly. This is because of the frequent upwards momentum that this entertainment penny stock experiences and its large moves in many aspects of the entertainment industry. Cinedigm is a company that owns the distribution rights to a large variety of television, movie, and short-form content entities.

These products are distributed for various brands such as the NFL, NHL, Hallmark, and more. It also distributes its content through entertainment platforms like Netflix, Hulu, and Apple. During the pandemic, the demand for digital content has skyrocketed. And, it doesn’t look like this heightened demand is going anywhere but up. 

At the end of last month, Cinedigm reported its fourth-quarter fiscal 2021 results. The company announced that its streaming channel revenue grew 197% year over year. Streaming/digital revenue increased to 75% of Cinedigm’s total revenues in the quarter, compared to 48% the year prior. These numbers are very solid, and show that CIDM is working hard to continue growing. 

Chairman and CEO Chris McGurk said, “We reached a key inflection point during the fourth quarter, where we generated huge growth in our streaming business.” The company now plans on presenting at the Sidoti Microcap Conference on Wednesday, August 18th. With an almost 4% gain at EOD on August 9th, will CIDM make your list of penny stocks to watch?

Penny_Stocks_to_Watch_Cinedigm_Corp._(CIDM_Stock_Chart)

Reddit Penny Stocks: Worth it or Not?

Finding the best Reddit penny stocks is all about scouring the website to see which companies may have value. With hundreds to choose from, it can be difficult at first to narrow it down to just a few.

[Read More] Top Penny Stocks to Watch on Robinhood In August 2021

In addition, the high volatility that naturally comes with penny stocks on Reddit, means that they are not for everyone. So, with all of this in mind, are Reddit penny stocks worth it or not?

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

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Homes listed for sale in early June sell for $7,700 more

New Zillow research suggests the spring home shopping season may see a second wave this summer if mortgage rates fall
The post Homes listed for sale in…

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  • A Zillow analysis of 2023 home sales finds homes listed in the first two weeks of June sold for 2.3% more. 
  • The best time to list a home for sale is a month later than it was in 2019, likely driven by mortgage rates.
  • The best time to list can be as early as the second half of February in San Francisco, and as late as the first half of July in New York and Philadelphia. 

Spring home sellers looking to maximize their sale price may want to wait it out and list their home for sale in the first half of June. A new Zillow® analysis of 2023 sales found that homes listed in the first two weeks of June sold for 2.3% more, a $7,700 boost on a typical U.S. home.  

The best time to list consistently had been early May in the years leading up to the pandemic. The shift to June suggests mortgage rates are strongly influencing demand on top of the usual seasonality that brings buyers to the market in the spring. This home-shopping season is poised to follow a similar pattern as that in 2023, with the potential for a second wave if the Federal Reserve lowers interest rates midyear or later. 

The 2.3% sale price premium registered last June followed the first spring in more than 15 years with mortgage rates over 6% on a 30-year fixed-rate loan. The high rates put home buyers on the back foot, and as rates continued upward through May, they were still reassessing and less likely to bid boldly. In June, however, rates pulled back a little from 6.79% to 6.67%, which likely presented an opportunity for determined buyers heading into summer. More buyers understood their market position and could afford to transact, boosting competition and sale prices.

The old logic was that sellers could earn a premium by listing in late spring, when search activity hit its peak. Now, with persistently low inventory, mortgage rate fluctuations make their own seasonality. First-time home buyers who are on the edge of qualifying for a home loan may dip in and out of the market, depending on what’s happening with rates. It is almost certain the Federal Reserve will push back any interest-rate cuts to mid-2024 at the earliest. If mortgage rates follow, that could bring another surge of buyers later this year.

Mortgage rates have been impacting affordability and sale prices since they began rising rapidly two years ago. In 2022, sellers nationwide saw the highest sale premium when they listed their home in late March, right before rates barreled past 5% and continued climbing. 

Zillow’s research finds the best time to list can vary widely by metropolitan area. In 2023, it was as early as the second half of February in San Francisco, and as late as the first half of July in New York. Thirty of the top 35 largest metro areas saw for-sale listings command the highest sale prices between May and early July last year. 

Zillow also found a wide range in the sale price premiums associated with homes listed during those peak periods. At the hottest time of the year in San Jose, homes sold for 5.5% more, a $88,000 boost on a typical home. Meanwhile, homes in San Antonio sold for 1.9% more during that same time period.  

 

Metropolitan Area Best Time to List Price Premium Dollar Boost
United States First half of June 2.3% $7,700
New York, NY First half of July 2.4% $15,500
Los Angeles, CA First half of May 4.1% $39,300
Chicago, IL First half of June 2.8% $8,800
Dallas, TX First half of June 2.5% $9,200
Houston, TX Second half of April 2.0% $6,200
Washington, DC Second half of June 2.2% $12,700
Philadelphia, PA First half of July 2.4% $8,200
Miami, FL First half of June 2.3% $12,900
Atlanta, GA Second half of June 2.3% $8,700
Boston, MA Second half of May 3.5% $23,600
Phoenix, AZ First half of June 3.2% $14,700
San Francisco, CA Second half of February 4.2% $50,300
Riverside, CA First half of May 2.7% $15,600
Detroit, MI First half of July 3.3% $7,900
Seattle, WA First half of June 4.3% $31,500
Minneapolis, MN Second half of May 3.7% $13,400
San Diego, CA Second half of April 3.1% $29,600
Tampa, FL Second half of June 2.1% $8,000
Denver, CO Second half of May 2.9% $16,900
Baltimore, MD First half of July 2.2% $8,200
St. Louis, MO First half of June 2.9% $7,000
Orlando, FL First half of June 2.2% $8,700
Charlotte, NC Second half of May 3.0% $11,000
San Antonio, TX First half of June 1.9% $5,400
Portland, OR Second half of April 2.6% $14,300
Sacramento, CA First half of June 3.2% $17,900
Pittsburgh, PA Second half of June 2.3% $4,700
Cincinnati, OH Second half of April 2.7% $7,500
Austin, TX Second half of May 2.8% $12,600
Las Vegas, NV First half of June 3.4% $14,600
Kansas City, MO Second half of May 2.5% $7,300
Columbus, OH Second half of June 3.3% $10,400
Indianapolis, IN First half of July 3.0% $8,100
Cleveland, OH First half of July  3.4% $7,400
San Jose, CA First half of June 5.5% $88,400

 

The post Homes listed for sale in early June sell for $7,700 more appeared first on Zillow Research.

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Survey Shows Declining Concerns Among Americans About COVID-19

Survey Shows Declining Concerns Among Americans About COVID-19

A new survey reveals that only 20% of Americans view covid-19 as "a major threat"…

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Survey Shows Declining Concerns Among Americans About COVID-19

A new survey reveals that only 20% of Americans view covid-19 as "a major threat" to the health of the US population - a sharp decline from a high of 67% in July 2020.

(SARMDY/Shutterstock)

What's more, the Pew Research Center survey conducted from Feb. 7 to Feb. 11 showed that just 10% of Americans are concerned that they will  catch the disease and require hospitalization.

"This data represents a low ebb of public concern about the virus that reached its height in the summer and fall of 2020, when as many as two-thirds of Americans viewed COVID-19 as a major threat to public health," reads the report, which was published March 7.

According to the survey, half of the participants understand the significance of researchers and healthcare providers in understanding and treating long COVID - however 27% of participants consider this issue less important, while 22% of Americans are unaware of long COVID.

What's more, while Democrats were far more worried than Republicans in the past, that gap has narrowed significantly.

"In the pandemic’s first year, Democrats were routinely about 40 points more likely than Republicans to view the coronavirus as a major threat to the health of the U.S. population. This gap has waned as overall levels of concern have fallen," reads the report.

More via the Epoch Times;

The survey found that three in ten Democrats under 50 have received an updated COVID-19 vaccine, compared with 66 percent of Democrats ages 65 and older.

Moreover, 66 percent of Democrats ages 65 and older have received the updated COVID-19 vaccine, while only 24 percent of Republicans ages 65 and older have done so.

“This 42-point partisan gap is much wider now than at other points since the start of the outbreak. For instance, in August 2021, 93 percent of older Democrats and 78 percent of older Republicans said they had received all the shots needed to be fully vaccinated (a 15-point gap),” it noted.

COVID-19 No Longer an Emergency

The U.S. Centers for Disease Control and Prevention (CDC) recently issued its updated recommendations for the virus, which no longer require people to stay home for five days after testing positive for COVID-19.

The updated guidance recommends that people who contracted a respiratory virus stay home, and they can resume normal activities when their symptoms improve overall and their fever subsides for 24 hours without medication.

“We still must use the commonsense solutions we know work to protect ourselves and others from serious illness from respiratory viruses, this includes vaccination, treatment, and staying home when we get sick,” CDC director Dr. Mandy Cohen said in a statement.

The CDC said that while the virus remains a threat, it is now less likely to cause severe illness because of widespread immunity and improved tools to prevent and treat the disease.

Importantly, states and countries that have already adjusted recommended isolation times have not seen increased hospitalizations or deaths related to COVID-19,” it stated.

The federal government suspended its free at-home COVID-19 test program on March 8, according to a website set up by the government, following a decrease in COVID-19-related hospitalizations.

According to the CDC, hospitalization rates for COVID-19 and influenza diseases remain “elevated” but are decreasing in some parts of the United States.

Tyler Durden Sun, 03/10/2024 - 22:45

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Rand Paul Teases Senate GOP Leader Run – Musk Says “I Would Support”

Rand Paul Teases Senate GOP Leader Run – Musk Says "I Would Support"

Republican Kentucky Senator Rand Paul on Friday hinted that he may jump…

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Rand Paul Teases Senate GOP Leader Run - Musk Says "I Would Support"

Republican Kentucky Senator Rand Paul on Friday hinted that he may jump into the race to become the next Senate GOP leader, and Elon Musk was quick to support the idea. Republicans must find a successor for periodically malfunctioning Mitch McConnell, who recently announced he'll step down in November, though intending to keep his Senate seat until his term ends in January 2027, when he'd be within weeks of turning 86. 

So far, the announced field consists of two quintessential establishment types: John Cornyn of Texas and John Thune of South Dakota. While John Barrasso's name had been thrown around as one of "The Three Johns" considered top contenders, the Wyoming senator on Tuesday said he'll instead seek the number two slot as party whip. 

Paul used X to tease his potential bid for the position which -- if the GOP takes back the upper chamber in November -- could graduate from Minority Leader to Majority Leader. He started by telling his 5.1 million followers he'd had lots of people asking him about his interest in running...

...then followed up with a poll in which he predictably annihilated Cornyn and Thune, taking a 96% share as of Friday night, with the other two below 2% each. 

Elon Musk was quick to back the idea of Paul as GOP leader, while daring Cornyn and Thune to follow Paul's lead by throwing their names out for consideration by the Twitter-verse X-verse. 

Paul has been a stalwart opponent of security-state mass surveillance, foreign interventionism -- to include shoveling billions of dollars into the proxy war in Ukraine -- and out-of-control spending in general. He demonstrated the latter passion on the Senate floor this week as he ridiculed the latest kick-the-can spending package:   

In February, Paul used Senate rules to force his colleagues into a grueling Super Bowl weekend of votes, as he worked to derail a $95 billion foreign aid bill. "I think we should stay here as long as it takes,” said Paul. “If it takes a week or a month, I’ll force them to stay here to discuss why they think the border of Ukraine is more important than the US border.”

Don't expect a Majority Leader Paul to ditch the filibuster -- he's been a hardy user of the legislative delay tactic. In 2013, he spoke for 13 hours to fight the nomination of John Brennan as CIA director. In 2015, he orated for 10-and-a-half-hours to oppose extension of the Patriot Act

Rand Paul amid his 10 1/2 hour filibuster in 2015

Among the general public, Paul is probably best known as Capitol Hill's chief tormentor of Dr. Anthony Fauci, who was director of the National Institute of Allergy and Infectious Disease during the Covid-19 pandemic. Paul says the evidence indicates the virus emerged from China's Wuhan Institute of Virology. He's accused Fauci and other members of the US government public health apparatus of evading questions about their funding of the Chinese lab's "gain of function" research, which takes natural viruses and morphs them into something more dangerous. Paul has pointedly said that Fauci committed perjury in congressional hearings and that he belongs in jail "without question."   

Musk is neither the only nor the first noteworthy figure to back Paul for party leader. Just hours after McConnell announced his upcoming step-down from leadership, independent 2024 presidential candidate Robert F. Kennedy, Jr voiced his support: 

In a testament to the extent to which the establishment recoils at the libertarian-minded Paul, mainstream media outlets -- which have been quick to report on other developments in the majority leader race -- pretended not to notice that Paul had signaled his interest in the job. More than 24 hours after Paul's test-the-waters tweet-fest began, not a single major outlet had brought it to the attention of their audience. 

That may be his strongest endorsement yet. 

Tyler Durden Sun, 03/10/2024 - 20:25

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