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4 Stocks to Keep Your Eyes On As Reddit Traders Stage a Comeback

4 Penny Stocks to Watch As Retail Investors Make a Comeback

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href="https://pennystocks.com/featured/2021/03/08/4-penny-stocks-to-watch-retail-investors-make-comeback/">This article was originally published by PennyStocks.

Reddit Penny Stocks Soar Again as March Rolls On 

With more retail investors than ever before, social media sites like Reddit continue to fuel both blue-chip and penny stock momentum. The Gamestop fiasco that occurred a few months ago resulted in retail traders finding that they have a real voice in the market.

This idea of social media-based investing is something that is continuing to make market prices fluctuate. On Monday, March 8th, shares of GME stock shot up by over 40%, ending the day at almost $195 per share. Similarly, shares of other Reddit penny stocks also shot up big during the session. While no news came out regarding these companies, the social media frenzy appears to be the source. 

This has institutional investors worried, retail traders are using this to their advantage to find the best penny stocks to trade. This does not mean to invest in something because it is on the front page of Reddit. But rather, large volatility spikes and dips can present investors with a unique opportunity. Though this may not be everyone’s style, with penny stocks, volatility is key.

Also, the $1.9 trillion stimulus package continues to get closer to becoming a reality. And on top of that, the U.S. showed stronger than expected jobs growth, adding almost 380,000 jobs last month. With this positivity, the hopes are that the stock market will see more bullish interest. All things considered, here are four penny stocks to watch as retail investors make a comeback. 

Penny Stocks to Watch 

Invo Bioscience Inc. 

Shares of the biotech company shot up late in the session on Monday. Before we get into why let’s take a closer look at Invo Bioscience. The company produces medical devices used in the treatment of infertility in women. This includes its INVO Procedure, which is a more natural way to perform incubation. Its leading product, known as INVOcell, is a patented device known as an Assisted Reproductive Technology or ART. It is an intravaginal culture system and can inseminate eggs for embryo development. This is an alternative to traditional in-vivo procedures and can be much more cost-effective and available for patients.

[Read More] Best Penny Stocks To Watch On Robinhood As Biotech Sector Rebounds

On March 8th, Invo announced an amendment to its commercialization agreement with Ferring Pharmaceuticals. This amendment will allow Invo to increase the number of company-owned clinics with fewer geographical restrictions than before. Steve Shum, CEO of Invo, states that “we are pleased to have successfully completed this amendment with our U.S. partner, Ferring. We believe it reflects the strength of our ongoing collaboration and shared commitment to expand the use of INVOcell in the U.S. We also believe our dedicated clinic approach is an important complementary channel to accelerate awareness and market adoption of INVOcell.”

Additionally, the contract involves adjusting the 2020 minimum contractual product placement requirement, meaning that Invo will receive a $501,000 order from Ferring during Q1 2021. With this exciting news in mind, INVO could be one of the penny stocks to watch this week.

Penny Stocks to Watch Invo Bioscience Inc INVO Stock Chart

BSQUARE Corp.

One of the more interesting tech penny stocks is BSQUARE Corp. The company is a producer of technology that is in use for powering intelligent devices and systems. This includes IoT and intelligent systems that are seeing widespread adoption. Additionally, it works in cloud-enabled data facilitation. With its large software base, the company offers its customers ways to produce new revenue streams and business models while lowering costs and improving operational efficiency.

Recently, the company stated that it plans to release its Q4 2020 earnings on March 18th. Ahead of this, let’s take a look at what could be in store. A few weeks back, BSQUARE announced an extension of its agreement with Itron Inc. (ITRI). Itron, for those who don’t know, is a provider of software to the utility and city infrastructure market. With this agreement, BSQUARE will offer its device management software to Itron’s distributed intelligence app store.

Don Reeves, SVP of Outcomes at Itron, stated that “we are pleased to continue our collaboration with BSQUARE to accelerate development and operation of the DI app store, which enables our customers to easily access innovative applications from our partner ecosystem.”

In its third quarter, BSQUARE was able to improve its EBITDA and reduce its cash utilization. While it was slightly affected by Covid, Ralph Derrickson, CEO of BSQUARE, stated that “Covid-19 did not derail us. The investments we made in our large Edge-to-Cloud customer relationships are bearing fruit.”

Penny Stocks to Watch BSQUARE Corp. (BSQR Stock Chart)

Chico’s FAS Inc. 

Chico’s operates a few trendy women’s clothing brands. This includes its Chico’s store as well as White House Black Market, Soma, and TellTale. Despite Covid lessening the demand for in-person retail, sales of clothing have shot up dramatically. This is due to the use of e-commerce platforms. On March 8th, White House Black Market announced a national partnership with the organization Ladies Who Launch. Kimberly Gravel, SVP of Marketing at Chico’s, stated that “as a brand that has served women for over 35 years through style for all aspects of her life, White House Black Market is committed to helping women succeed. Partnering with Ladies Who Lunch is a natural extension and further showcases our ongoing commitment to this mission.” 

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In its quarterly results posted a few days ago, the company pulled in a net loss of $79 million or $0.68 per share. While digital sales across its brands shot up by almost 70% in some cases, sales at its physical locations declined. With over 1,300 stores as of January 30th, the company plans to shift its business to be more e-commerce centered. This involves closing up to 16% of its remaining stores within the next three years.

This is an important cost-saving measure for the company and could prove beneficial to its business model overall. While its balance sheet was not the most enticing, the company is working to build a better business for the long term.

Penny Stocks to Watch Chico's FAS Inc. (CHS Stock Chart)

Phunware Inc. 

One of the penny stocks that we’ve been covering for quite some time is Phunware Inc. Ahead of its scheduled presentation at the 33rd Annual Roth Conference, Phunware is working hard to succeed in its Multiscreen-as-a-service (MaaS) business model. This includes a large range of enterprise cloud platforms that allow companies to manage and monetize mobile applications.

Also, it offers location-based services, mobile engagement insights, and content management via its Software Development Kits or SDKs. The company states that it has more than 1 billion users touching its platform every month, which is no small feat. Only a few days ago, Phunware announced that it was selected by Dignity Health Yavapai Regional Medical Center to provide location-based services software.

Alan Knitowski, CEO of Phunware stated that “Dignity Health’s leadership team has embraced digital transformation and is setting the standard for patient care by leveraging our cutting-edge, state-of-the-art technology. We are excited to work with the team at YRMC, which represents the 40th deployment of our MasS LBS software for Dignity Health.”

In light of its upcoming presentation next week and momentum in certain market niches, will PHUN be on your list of penny stocks to watch?

Penny Stocks to Watch Phunware Inc. (PHUN Stock Chart)

The post 4 Penny Stocks to Watch As Retail Investors Make a Comeback appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.

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Low Iron Levels In Blood Could Trigger Long COVID: Study

Low Iron Levels In Blood Could Trigger Long COVID: Study

Authored by Amie Dahnke via The Epoch Times (emphasis ours),

People with inadequate…

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Low Iron Levels In Blood Could Trigger Long COVID: Study

Authored by Amie Dahnke via The Epoch Times (emphasis ours),

People with inadequate iron levels in their blood due to a COVID-19 infection could be at greater risk of long COVID.

(Shutterstock)

A new study indicates that problems with iron levels in the bloodstream likely trigger chronic inflammation and other conditions associated with the post-COVID phenomenon. The findings, published on March 1 in Nature Immunology, could offer new ways to treat or prevent the condition.

Long COVID Patients Have Low Iron Levels

Researchers at the University of Cambridge pinpointed low iron as a potential link to long-COVID symptoms thanks to a study they initiated shortly after the start of the pandemic. They recruited people who tested positive for the virus to provide blood samples for analysis over a year, which allowed the researchers to look for post-infection changes in the blood. The researchers looked at 214 samples and found that 45 percent of patients reported symptoms of long COVID that lasted between three and 10 months.

In analyzing the blood samples, the research team noticed that people experiencing long COVID had low iron levels, contributing to anemia and low red blood cell production, just two weeks after they were diagnosed with COVID-19. This was true for patients regardless of age, sex, or the initial severity of their infection.

According to one of the study co-authors, the removal of iron from the bloodstream is a natural process and defense mechanism of the body.

But it can jeopardize a person’s recovery.

When the body has an infection, it responds by removing iron from the bloodstream. This protects us from potentially lethal bacteria that capture the iron in the bloodstream and grow rapidly. It’s an evolutionary response that redistributes iron in the body, and the blood plasma becomes an iron desert,” University of Oxford professor Hal Drakesmith said in a press release. “However, if this goes on for a long time, there is less iron for red blood cells, so oxygen is transported less efficiently affecting metabolism and energy production, and for white blood cells, which need iron to work properly. The protective mechanism ends up becoming a problem.”

The research team believes that consistently low iron levels could explain why individuals with long COVID continue to experience fatigue and difficulty exercising. As such, the researchers suggested iron supplementation to help regulate and prevent the often debilitating symptoms associated with long COVID.

It isn’t necessarily the case that individuals don’t have enough iron in their body, it’s just that it’s trapped in the wrong place,” Aimee Hanson, a postdoctoral researcher at the University of Cambridge who worked on the study, said in the press release. “What we need is a way to remobilize the iron and pull it back into the bloodstream, where it becomes more useful to the red blood cells.”

The research team pointed out that iron supplementation isn’t always straightforward. Achieving the right level of iron varies from person to person. Too much iron can cause stomach issues, ranging from constipation, nausea, and abdominal pain to gastritis and gastric lesions.

1 in 5 Still Affected by Long COVID

COVID-19 has affected nearly 40 percent of Americans, with one in five of those still suffering from symptoms of long COVID, according to the U.S. Centers for Disease Control and Prevention (CDC). Long COVID is marked by health issues that continue at least four weeks after an individual was initially diagnosed with COVID-19. Symptoms can last for days, weeks, months, or years and may include fatigue, cough or chest pain, headache, brain fog, depression or anxiety, digestive issues, and joint or muscle pain.

Tyler Durden Sat, 03/09/2024 - 12:50

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February Employment Situation

By Paul Gomme and Peter Rupert The establishment data from the BLS showed a 275,000 increase in payroll employment for February, outpacing the 230,000…

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By Paul Gomme and Peter Rupert

The establishment data from the BLS showed a 275,000 increase in payroll employment for February, outpacing the 230,000 average over the previous 12 months. The payroll data for January and December were revised down by a total of 167,000. The private sector added 223,000 new jobs, the largest gain since May of last year.

Temporary help services employment continues a steep decline after a sharp post-pandemic rise.

Average hours of work increased from 34.2 to 34.3. The increase, along with the 223,000 private employment increase led to a hefty increase in total hours of 5.6% at an annualized rate, also the largest increase since May of last year.

The establishment report, once again, beat “expectations;” the WSJ survey of economists was 198,000. Other than the downward revisions, mentioned above, another bit of negative news was a smallish increase in wage growth, from $34.52 to $34.57.

The household survey shows that the labor force increased 150,000, a drop in employment of 184,000 and an increase in the number of unemployed persons of 334,000. The labor force participation rate held steady at 62.5, the employment to population ratio decreased from 60.2 to 60.1 and the unemployment rate increased from 3.66 to 3.86. Remember that the unemployment rate is the number of unemployed relative to the labor force (the number employed plus the number unemployed). Consequently, the unemployment rate can go up if the number of unemployed rises holding fixed the labor force, or if the labor force shrinks holding the number unemployed unchanged. An increase in the unemployment rate is not necessarily a bad thing: it may reflect a strong labor market drawing “marginally attached” individuals from outside the labor force. Indeed, there was a 96,000 decline in those workers.

Earlier in the week, the BLS announced JOLTS (Job Openings and Labor Turnover Survey) data for January. There isn’t much to report here as the job openings changed little at 8.9 million, the number of hires and total separations were little changed at 5.7 million and 5.3 million, respectively.

As has been the case for the last couple of years, the number of job openings remains higher than the number of unemployed persons.

Also earlier in the week the BLS announced that productivity increased 3.2% in the 4th quarter with output rising 3.5% and hours of work rising 0.3%.

The bottom line is that the labor market continues its surprisingly (to some) strong performance, once again proving stronger than many had expected. This strength makes it difficult to justify any interest rate cuts soon, particularly given the recent inflation spike.

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Spread & Containment

Another beloved brewery files Chapter 11 bankruptcy

The beer industry has been devastated by covid, changing tastes, and maybe fallout from the Bud Light scandal.

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Before the covid pandemic, craft beer was having a moment. Most cities had multiple breweries and taprooms with some having so many that people put together the brewery version of a pub crawl.

It was a period where beer snobbery ruled the day and it was not uncommon to hear bar patrons discuss the makeup of the beer the beer they were drinking. This boom period always seemed destined for failure, or at least a retraction as many markets seemed to have more craft breweries than they could support.

Related: Fast-food chain closes more stores after Chapter 11 bankruptcy

The pandemic, however, hastened that downfall. Many of these local and regional craft breweries counted on in-person sales to drive their business. 

And while many had local and regional distribution, selling through a third party comes with much lower margins. Direct sales drove their business and the pandemic forced many breweries to shut down their taprooms during the period where social distancing rules were in effect.

During those months the breweries still had rent and employees to pay while little money was coming in. That led to a number of popular beermakers including San Francisco's nationally-known Anchor Brewing as well as many regional favorites including Chicago’s Metropolitan Brewing, New Jersey’s Flying Fish, Denver’s Joyride Brewing, Tampa’s Zydeco Brew Werks, and Cleveland’s Terrestrial Brewing filing bankruptcy.

Some of these brands hope to survive, but others, including Anchor Brewing, fell into Chapter 7 liquidation. Now, another domino has fallen as a popular regional brewery has filed for Chapter 11 bankruptcy protection.

Overall beer sales have fallen.

Image source: Shutterstock

Covid is not the only reason for brewery bankruptcies

While covid deserves some of the blame for brewery failures, it's not the only reason why so many have filed for bankruptcy protection. Overall beer sales have fallen driven by younger people embracing non-alcoholic cocktails, and the rise in popularity of non-beer alcoholic offerings,

Beer sales have fallen to their lowest levels since 1999 and some industry analysts

"Sales declined by more than 5% in the first nine months of the year, dragged down not only by the backlash and boycotts against Anheuser-Busch-owned Bud Light but the changing habits of younger drinkers," according to data from Beer Marketer’s Insights published by the New York Post.

Bud Light parent Anheuser Busch InBev (BUD) faced massive boycotts after it partnered with transgender social media influencer Dylan Mulvaney. It was a very small partnership but it led to a right-wing backlash spurred on by Kid Rock, who posted a video on social media where he chastised the company before shooting up cases of Bud Light with an automatic weapon.

Another brewery files Chapter 11 bankruptcy

Gizmo Brew Works, which does business under the name Roth Brewing Company LLC, filed for Chapter 11 bankruptcy protection on March 8. In its filing, the company checked the box that indicates that its debts are less than $7.5 million and it chooses to proceed under Subchapter V of Chapter 11. 

"Both small business and subchapter V cases are treated differently than a traditional chapter 11 case primarily due to accelerated deadlines and the speed with which the plan is confirmed," USCourts.gov explained. 

Roth Brewing/Gizmo Brew Works shared that it has 50-99 creditors and assets $100,000 and $500,000. The filing noted that the company does expect to have funds available for unsecured creditors. 

The popular brewery operates three taprooms and sells its beer to go at those locations.

"Join us at Gizmo Brew Works Craft Brewery and Taprooms located in Raleigh, Durham, and Chapel Hill, North Carolina. Find us for entertainment, live music, food trucks, beer specials, and most importantly, great-tasting craft beer by Gizmo Brew Works," the company shared on its website.

The company estimates that it has between $1 and $10 million in liabilities (a broad range as the bankruptcy form does not provide a space to be more specific).

Gizmo Brew Works/Roth Brewing did not share a reorganization or funding plan in its bankruptcy filing. An email request for comment sent through the company's contact page was not immediately returned.

 

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