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5 Hot Small-Caps To Watch If You Like Tech

5 Tech Penny Stocks To Watch Right Now

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This article was originally published by PennyStocks.

Are These 5 Tech Penny Stocks On Your Radar Right Now? 

Over the past few months, tech penny stocks have seen more bullish sentiment than in many months prior. While the beginning of Covid hurt all stocks, tech stocks managed to come out on top. While they aren’t necessarily considered reopening stocks, tech companies have benefitted from the pandemic. With more people at home than ever before, the need for tech is more palpable than ever.

This is doubly true for the massive workforce engaged in work-from-home. While larger companies like Tesla and Apple have seen bullish sentiment, there are hundreds of penny stocks in the tech industry to consider as well. Because of this, the options are almost limitless. While we still have to choose wisely, many companies are competing to have the top spot. 

Within the tech industry, there are several niches. These include companies focused on enterprise operations, medical tech, tech devices, and so much more. As you may know, tech plays an integral part in everyday life around the world. With vaccines being distributed and the economy returning to normal, the pandemic’s effects will not disappear overnight.

This means that our reliance on tech and tech products is likely to remain for the long term. With IoT and other tech integration becoming the norm, more and more investors continue to turn their attention to tech penny stocks. Will any of these be top penny stocks to buy or should they be avoided at this point?

Tech Penny Stocks to Buy [or avoid]

Penny Stocks To Buy [or avoid] #1: Qudian Inc. 

Qudian Inc. is a micro-lending firm that has seen some solid gains in the past few trading sessions. It operates as a tech platform that allows Chinese consumers to access personalized credit solutions. This could be small credit lines aimed at discretionary spending or other financial needs. Currently, there are little to no options for those who larger financial institutions cannot serve.

The company is aimed at the younger generation, where the need for small credit lines may be more palpable. While Qudian does not release a large quantity of data, we can use its most recent financial statement to see where the company is at. In the third quarter of 2020, Qudian published a report showing more than 81.3 million registered users on its platform. This is a jump of around 4% over the previous years same period. 

The company was also able to lower its outstanding loan balance by 34.5%, representing a relatively more stable financial position. Mr. Min Luo, CEO of Qudian, stated that “in the third quarter, we maintained a prudent approach to the operation of our cash credit business amid fast-evolving regulations regarding online lending. We also remained focused on protecting our net assets, continuing to implement stringent credit approval standards to navigate the dynamic operating environment.”

While revenue did decrease by around 67% to $125 million in this quarter, this makes sense given the financial hardships resulting from Covid. With China moving beyond the pandemic, it seems as though Qudian’s services could become more popular. With this in mind, is QD on your list of penny stocks to watch?

penny stocks to buy avoid QUidian Inc. QD stock chart

#2: MICT Inc.

MICT is a penny stock that we’ve covered several times in the past few months. MICT is another tech company working in the fintech market. Specifically, MICT offers online brokerage services and insurance products in several foreign markets. Also, the company operates its Mobile Resource Management business based in the U.S.

[Read More] 3 Penny Stocks With News Grabbing Attention From Analysts Right Now

Through its Micronet subsidiary, MICT engages in the design, development, and manufacturing of rugged mobile devices. These devices are in use in many fleet operations and those who need rugged devices in the field. Only a few days ago, the company announced a sizable purchase order from one of the largest telematics service providers in the U.S. The deal, worth around $0.9 million, will supply 2,000 SmartCam connected products to the company in question. 

For those who don’t know, the SmartCam device is an in-vehicle product that allows for all-in-one-video services. This includes diagnostic capabilities, video analytics, vehicle health, and more. Darren Mercer, CEO of MICT, states that “this order is further evidence of the traction that our subsidiary, Micronet continues to build with its highly innovative SmartCam product. Whilst our focus is on the continued development of our three main fintech verticals, we are very pleased to see MicroNet’s ongoing success and progress towards gaining market share in the fast-growing telematics sector, which continues to justify our investment in the company.”

Because of its standing in the tech industry, MICT continues to be a popular choice amongst investors. Whether it’s a penny stock to watch is up to you. 

penny stocks to buy avoid MICT Inc. MICT stock chart

Penny Stocks To Buy [or avoid] #3: Phunware Inc. 

Another interesting tech penny stock is Phunware Inc. Phunware is a provider of MaaS or multiscreen-as-a-service products. This basically is an integrated cloud platform solution for a wide variety of uses. It includes ways for companies to monetize their platforms, access data solutions, and grow via Phunware’s SDKs or software development kits.

Phunware aims itself at the mobile experience sector, which has shot up in value during the course of the pandemic. It states that more than 1 billion users touch its platform every month. A few days ago, the company announced that it would publish its Q4 and full-year 2020 results on March 25th during after hours. Ahead of this, let’s take a closer look at what PHUN has been up to. 

Last week, Phunware announced a partnership with Vizzia Technologies to offer its “digital front door” solutions. This will enable Vizzia to utilize the large range of services offered by Phunware. Because Vizzia is a healthcare organization, this opens up Phunware’s market reach to a new sector.

Andrew Halasz, CEO of Vizzia, stated that “together, Phunware and Vizzia represent a next-generation digital front door solution for health systems looking to leverage complex location data and best-in-class mobile engagement.”

Vizzia operates by improving the operational efficiency of existing healthcare businesses. It has grown its revenue in the past three years by 98%. With this partnership, the boundaries that Phunware has will hopefully be expanded much further. All things considered, is PHUN a penny stock to watch?

penny stocks to buy avoid Phunware Inc. PHUN stock chart

#4: Profire Energy Inc. 

As far as tech companies go, Profire Energy Inc. is quite an alternative choice. The company provides technology to the oil industry, including burner management systems and other components used in oil production. It aims to up the efficiency and safety of existing combustion appliances used in the energy industry. While most of its operations are in the U.S., Profire has teams dispersed in Canada. This provides it with a large base of customers around North America. On March 16th, Profire announced a strategic partnership with Spartan Controls Ltd. The partnership should help connect new and existing customers in Western Canada, thus increasing its potential market share.

Co-CEO Ryan Oviatt states that “partnering with Spartan Controls aligns with our strategic focus to expand our brand presence beyond our traditional upstream and midstream markets. Spartan Controls, Emerson’s Impact partner in Western Canada, brings an expansive sales and business development footprint across their territory serving a wide range of industries and markets.”

[Read More] 3 Biotech Penny Stocks To Buy For Under $3 On Robinhood In March

After this was announced, shares of PFIE shot up by around 22% after hours on Tuesday. PFIE announced revenue of $5.7 million in its most recent fourth-quarter report, with a gross profit of $2.8 million. Also, it was able to reduce its operating expenses by more than $3.8 million. While Covid did have an impact on PFIE, the company has worked to mitigate this substantially. Looking forward, PFIE aims to continue being the leader in oil and gas combustion solutions.

penny stocks to buy avoid Profire Energy PFIE stock chart

#5: Senseonics Holdings

Another alternative/ non-traditional “tech” stock is Senseonics. The company focuses on medical device technology. In particular, Senseonics is developing & commercializing long-term implantable continuous glucose monitoring systems for those with diabetes. Its lead products are Senseonics’ CGM systems, Eversense® and Eversense® XL.

The company hasn’t been overly vocal this month aside from their earnings earlier this month. “We are very pleased with our fourth-quarter results, our commercial collaboration agreement with Ascensia, and the success of our recent financings. These steps conclude a strategically transformational year for Senseonics,” said Tim Goodnow, Ph.D., President and Chief Executive Officer of Senseonics.

The US Patent & Trademark site recently showed that Senseonics was granted a patent for “Remote analyte monitoring,” which triggered an initial pop in shares of SENS stock. This momentum has continued into the second half of the week, with Wednesday seeing another strong push during the morning session.

penny stocks to buy avoid Senseonics Holdings Inc. SENS stock chart

The post Hot Penny Stocks To Buy Right Now? 5 To Watch If You Like Tech appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.

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The Coming Of The Police State In America

The Coming Of The Police State In America

Authored by Jeffrey Tucker via The Epoch Times,

The National Guard and the State Police are now…

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The Coming Of The Police State In America

Authored by Jeffrey Tucker via The Epoch Times,

The National Guard and the State Police are now patrolling the New York City subway system in an attempt to do something about the explosion of crime. As part of this, there are bag checks and new surveillance of all passengers. No legislation, no debate, just an edict from the mayor.

Many citizens who rely on this system for transportation might welcome this. It’s a city of strict gun control, and no one knows for sure if they have the right to defend themselves. Merchants have been harassed and even arrested for trying to stop looting and pillaging in their own shops.

The message has been sent: Only the police can do this job. Whether they do it or not is another matter.

Things on the subway system have gotten crazy. If you know it well, you can manage to travel safely, but visitors to the city who take the wrong train at the wrong time are taking grave risks.

In actual fact, it’s guaranteed that this will only end in confiscating knives and other things that people carry in order to protect themselves while leaving the actual criminals even more free to prey on citizens.

The law-abiding will suffer and the criminals will grow more numerous. It will not end well.

When you step back from the details, what we have is the dawning of a genuine police state in the United States. It only starts in New York City. Where is the Guard going to be deployed next? Anywhere is possible.

If the crime is bad enough, citizens will welcome it. It must have been this way in most times and places that when the police state arrives, the people cheer.

We will all have our own stories of how this came to be. Some might begin with the passage of the Patriot Act and the establishment of the Department of Homeland Security in 2001. Some will focus on gun control and the taking away of citizens’ rights to defend themselves.

My own version of events is closer in time. It began four years ago this month with lockdowns. That’s what shattered the capacity of civil society to function in the United States. Everything that has happened since follows like one domino tumbling after another.

It goes like this:

1) lockdown,

2) loss of moral compass and spreading of loneliness and nihilism,

3) rioting resulting from citizen frustration, 4) police absent because of ideological hectoring,

5) a rise in uncontrolled immigration/refugees,

6) an epidemic of ill health from substance abuse and otherwise,

7) businesses flee the city

8) cities fall into decay, and that results in

9) more surveillance and police state.

The 10th stage is the sacking of liberty and civilization itself.

It doesn’t fall out this way at every point in history, but this seems like a solid outline of what happened in this case. Four years is a very short period of time to see all of this unfold. But it is a fact that New York City was more-or-less civilized only four years ago. No one could have predicted that it would come to this so quickly.

But once the lockdowns happened, all bets were off. Here we had a policy that most directly trampled on all freedoms that we had taken for granted. Schools, businesses, and churches were slammed shut, with various levels of enforcement. The entire workforce was divided between essential and nonessential, and there was widespread confusion about who precisely was in charge of designating and enforcing this.

It felt like martial law at the time, as if all normal civilian law had been displaced by something else. That something had to do with public health, but there was clearly more going on, because suddenly our social media posts were censored and we were being asked to do things that made no sense, such as mask up for a virus that evaded mask protection and walk in only one direction in grocery aisles.

Vast amounts of the white-collar workforce stayed home—and their kids, too—until it became too much to bear. The city became a ghost town. Most U.S. cities were the same.

As the months of disaster rolled on, the captives were let out of their houses for the summer in order to protest racism but no other reason. As a way of excusing this, the same public health authorities said that racism was a virus as bad as COVID-19, so therefore it was permitted.

The protests had turned to riots in many cities, and the police were being defunded and discouraged to do anything about the problem. Citizens watched in horror as downtowns burned and drug-crazed freaks took over whole sections of cities. It was like every standard of decency had been zapped out of an entire swath of the population.

Meanwhile, large checks were arriving in people’s bank accounts, defying every normal economic expectation. How could people not be working and get their bank accounts more flush with cash than ever? There was a new law that didn’t even require that people pay rent. How weird was that? Even student loans didn’t need to be paid.

By the fall, recess from lockdown was over and everyone was told to go home again. But this time they had a job to do: They were supposed to vote. Not at the polling places, because going there would only spread germs, or so the media said. When the voting results finally came in, it was the absentee ballots that swung the election in favor of the opposition party that actually wanted more lockdowns and eventually pushed vaccine mandates on the whole population.

The new party in control took note of the large population movements out of cities and states that they controlled. This would have a large effect on voting patterns in the future. But they had a plan. They would open the borders to millions of people in the guise of caring for refugees. These new warm bodies would become voters in time and certainly count on the census when it came time to reapportion political power.

Meanwhile, the native population had begun to swim in ill health from substance abuse, widespread depression, and demoralization, plus vaccine injury. This increased dependency on the very institutions that had caused the problem in the first place: the medical/scientific establishment.

The rise of crime drove the small businesses out of the city. They had barely survived the lockdowns, but they certainly could not survive the crime epidemic. This undermined the tax base of the city and allowed the criminals to take further control.

The same cities became sanctuaries for the waves of migrants sacking the country, and partisan mayors actually used tax dollars to house these invaders in high-end hotels in the name of having compassion for the stranger. Citizens were pushed out to make way for rampaging migrant hordes, as incredible as this seems.

But with that, of course, crime rose ever further, inciting citizen anger and providing a pretext to bring in the police state in the form of the National Guard, now tasked with cracking down on crime in the transportation system.

What’s the next step? It’s probably already here: mass surveillance and censorship, plus ever-expanding police power. This will be accompanied by further population movements, as those with the means to do so flee the city and even the country and leave it for everyone else to suffer.

As I tell the story, all of this seems inevitable. It is not. It could have been stopped at any point. A wise and prudent political leadership could have admitted the error from the beginning and called on the country to rediscover freedom, decency, and the difference between right and wrong. But ego and pride stopped that from happening, and we are left with the consequences.

The government grows ever bigger and civil society ever less capable of managing itself in large urban centers. Disaster is unfolding in real time, mitigated only by a rising stock market and a financial system that has yet to fall apart completely.

Are we at the middle stages of total collapse, or at the point where the population and people in leadership positions wise up and decide to put an end to the downward slide? It’s hard to know. But this much we do know: There is a growing pocket of resistance out there that is fed up and refuses to sit by and watch this great country be sacked and taken over by everything it was set up to prevent.

Tyler Durden Sat, 03/09/2024 - 16:20

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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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