Connect with us

5 Penny Stocks That Turned $2,500 Into Over $29,000 In 2021 So Far

Hot Penny Stocks That Scored Huge For Traders In 2021
The post 5 Penny Stocks That Turned $2,500 Into Over $29,000 In 2021 So Far appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.

Published

on

Were These The Best Penny Stocks Of 2021 So Far?

If the pandemic taught us 1 thing, it’s that penny stocks aren’t just shares of worthless companies. While this article will discuss the performance of cheap stocks since the start of the year, the massive breakout seen by countless others emphasizes the true potential. What I’m talking about are the huge breakouts we’ve seen from stocks like Novavax (NASDAQ: NVAX), Blink Charging (NASDAQ: BLNK), Plug Power (NASDAQ: PLUG), Nio Inc. (NYSE: NIO), and many more.

What Are Penny Stocks?

It’s one thing to see a chart trend. It’s another thing to know what the definition of penny stocks is. And it’s yet one more thing to grasp when you see that those companies I just mentioned met that definition early last year. So, before we dive into this list of penny stocks, let’s touch on what they actually are. According to the Securities & Exchange Commission’s definition, these are shares of companies trading below $5 per share.

Yes, NVAX, BLNK, PLUG, NIO, and many more went from sub-$5 levels to well over $300 in some cases. While all penny stocks don’t go on to become multi-bagger stocks, this year, the big breakout trend for cheap stocks hasn’t slowed. In fact, based on current trading levels, some of these stocks have moved over 1,000% since the start of 2021. That means $500 could’ve potentially turned into more than $5,000 during that period. Let’s take a look at some of these penny stock monsters:

Best Penny Stocks 2021

First on this list of penny stocks is Support.com Inc. (NASDAQ: SPRT). The tech stock began the year trading at $2.25, and as of this week, it reached fresh 7-year highs of $12.67. That means the 222 shares $500 could’ve bought at the start of the year are worth more than $2,800 ($2,812.74) this week.

What Does Support.com Do?

For the first quarter of the year, Support.com wasn’t much to write home about. However, that all changed toward the start of Q2. This coincided with the $35 million settlement with Office Depot in late March. However, this isn’t the biggest story of 2021 for SPRT stock. Support.com’s core business model is providing support solutions for home-based employees. But despite what you may think about this being a reopening trade, there’s more than meets the eye.

A strong mix of “short-squeeze” speculation along with cryptocurrency-fueled action has helped spark a surge over the last few months. The company and Greenidge Generation Holdings plan to merge. This tie-up would create a company focused on bitcoin mining operations.

When the initial details were announced, Greenidge said it expects the deal will make it the first publicly traded bitcoin mining company with a wholly-owned power plant. With the special meeting of shareholders set for September 10th, it’s clear that the market is paying close attention. Needless to say, SPRT stock has experienced a massive move in the stocks market this year.

Read More: SPRT Stock Report

Best Penny Stocks In 2021 #2: Express Inc. (NYSE: EXPR)

Playing off of that “reopening stocks to watch” trend, Express (NYSE: EXPR) is more of your “pure play” in the space. The apparel and accessories retailer fell victim to the pandemic shutdown last year. But since then, Express and its ability to leverage the growing trend in digital retail has helped breathe some new life into the former penny stock.

At the beginning of 2021, EXPR was still trading under $1, $0.93 to be exact. It briefly enjoyed a massive breakout thanks to being one of the hottest Reddit stocks to buy at the time. Following the “back to earth” period, EXPR shares found a trend to stick with ever since. As of this week, EXPR stock traded around highs of $7.32, meaning that the 537 shares you could’ve bought for $500 at the beginning of the year are worth nearly $4,000 ($3,930.84).

This week Express will report its second-quarter earnings and host a virtual investor event. With hopes high for a return to normalcy following the Pfizer/BioNTech FDA approval, retail stocks have come back into focus.

Read More: EXPR Stock Report

best penny stocks 2021 Express Inc. EXPR stock chart

3. Vertex Energy Inc. (NASDAQ: VTNR)

Energy stocks aren’t out of the equation either when it comes to reopening. Vertex Energy (NASDAQ: VTNR) is a clear example of that. The year began with VTNR stock trading at $0.76 and reached highs this year of $14.32. As of this week, Vertex hit Tuesday highs of $8.02 during the early morning session. That means the $500 worth of shares at $0.76 in January (657 shares) were worth a cool $5,269.14, over 950% more in just 8 months.

Vertex specializes in refinery and marketing of used motor oil. Its products (Group II+ and Group II Based Oils) are supplied to the lubricant manufacturing industry across North America. Right now, investors are focused on the pending mobile refinery acquisition that was announced in May. The company agreed to buy the refinery for $75 million. Since the transaction is expected to close in the upcoming quarter, timing has become more important. Further to this, Vertex expects to have definitive funding sourced and in place before the end of next month.

Read More:VTNR Stock Report

best penny stocks 2021 Vertex Energy VTNR stock chart

4. AMC Entertainment Holdings Inc. (NYSE: AMC)

No list of penny stocks breakout out big in 2021 would be complete without AMC Entertainment (NYSE: AMC). But, even with the huge move made earlier this quarter, AMC stock isn’t up to most, year-to-date. That’s ok considering that $500 could’ve gotten you 227 shares at the $2.20 opening price on January 4th. Fast-forward to this week, and AMC stock hit an early morning high on Tuesday of $38.49, making that position worth $8,737.23. Not bad for a few months’ “work,” I suppose.

If you’re unfamiliar with the company, AMC Entertainment owns a franchise of cinemas globally. The pandemic all but brought the company to its knees in 2020. But reopening efforts, a massive short squeeze, interest from a loyal retail trader following, and new FDA vaccine approvals have helped AMC stock maintain its higher price.

This week AMC stock surged after the latest news from Pfizer/BioNTech and its FDA approval. The meme stock has long supported “the ape community” in a defiant move against Wall Street hedge fund shorting tactics. With the fresh take following hopes for a speedy reopening and new movies set for release, will AMC stock be one of the top names on your list?

Read More: AMC Stock Report

best penny stocks 2021 AMC Entertainment AMC stock chart

5. Cassava Sciences Inc. (NASDAQ: SAVA)

Finally, we get into a biotech stock, Cassava Sciences (NASDAQ: SAVA). While the big focus over the last 20 months has been on coronavirus stocks, this year’s micro-trend has favored companies developing other treatment platforms. In particular, Alzeheimer’s stocks have surfaced. Following the big decision by the FDA to approve Biogen’s (NASDAQ: BIIB) tAduhelm marked the Alzheimer’s treatment approved in nearly two decades. Certainly, it was a milestone moment for the industry. Furthermore, it shed a brighter light on other companies. Cassava is one of these.

At the beginning of 2021, $500 could’ve gotten someone shares of SAVA stock at $6.84, which is just $1.84 higher than the most expensive penny stock. I’ll also mention that Cassava has been one of the names on our list of penny stocks to watch since last September. Regardless of where it was, where it is, has our attention. This week, shares of the Alzehimer’s stock reached early highs of $123.37 on August 24th. That means the 73 share position from January was worth over $9,000 ($9,006.01).

This week Cassava announced an agreement with the FDA on a Special Protocol Assessment for its Phase 3 studies of Simufilam. This is the company’s treatment for Alzheimer’s disease. The milestone effectively demonstrates that the FDA reviewed and agreed on the design features of Cassava’s Phase 3 protocols and justified it, reaffirming its guidance to advance Simufilam into a Phase 3 pivotal program this fall.

Read More: SAVA Stock Report

best penny stocks 2021 Cassava Sciences SAVA stock chart

Are Penny Stocks Worth It?

Clearly, penny stocks are worth it if you know what to look for. In this article, I discussed how many whole shares that $500 was worth at the open on January 4th, 2021. Compared to early morning highs on August 24th, 2021, these have all experience massive rallies in just 8 months and 20 days. Case in point, adding everything up, a total of $2,500 spread across all of these penny stocks at the start of 2021 is now more than $29,000 as of morning highs on August 24.

Though all penny stocks don’t go on to perform like these, there are more than a handful of names that see double and even triple-digit moves daily. Some may only run for that single session while other moves go on for months at a time. The important part for you is to know how to trade and profit from what the market gives.

The post 5 Penny Stocks That Turned $2,500 Into Over $29,000 In 2021 So Far appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.

Read More

Continue Reading

International

Beloved mall retailer files Chapter 7 bankruptcy, will liquidate

The struggling chain has given up the fight and will close hundreds of stores around the world.

Published

on

It has been a brutal period for several popular retailers. The fallout from the covid pandemic and a challenging economic environment have pushed numerous chains into bankruptcy with Tuesday Morning, Christmas Tree Shops, and Bed Bath & Beyond all moving from Chapter 11 to Chapter 7 bankruptcy liquidation.

In all three of those cases, the companies faced clear financial pressures that led to inventory problems and vendors demanding faster, or even upfront payment. That creates a sort of inevitability.

Related: Beloved retailer finds life after bankruptcy, new famous owner

When a retailer faces financial pressure it sets off a cycle where vendors become wary of selling them items. That leads to barren shelves and no ability for the chain to sell its way out of its financial problems. 

Once that happens bankruptcy generally becomes the only option. Sometimes that means a Chapter 11 filing which gives the company a chance to negotiate with its creditors. In some cases, deals can be worked out where vendors extend longer terms or even forgive some debts, and banks offer an extension of loan terms.

In other cases, new funding can be secured which assuages vendor concerns or the company might be taken over by its vendors. Sometimes, as was the case with David's Bridal, a new owner steps in, adds new money, and makes deals with creditors in order to give the company a new lease on life.

It's rare that a retailer moves directly into Chapter 7 bankruptcy and decides to liquidate without trying to find a new source of funding.

Mall traffic has varied depending upon the type of mall.

Image source: Getty Images

The Body Shop has bad news for customers  

The Body Shop has been in a very public fight for survival. Fears began when the company closed half of its locations in the United Kingdom. That was followed by a bankruptcy-style filing in Canada and an abrupt closure of its U.S. stores on March 4.

"The Canadian subsidiary of the global beauty and cosmetics brand announced it has started restructuring proceedings by filing a Notice of Intention (NOI) to Make a Proposal pursuant to the Bankruptcy and Insolvency Act (Canada). In the same release, the company said that, as of March 1, 2024, The Body Shop US Limited has ceased operations," Chain Store Age reported.

A message on the company's U.S. website shared a simple message that does not appear to be the entire story.

"We're currently undergoing planned maintenance, but don't worry we're due to be back online soon."

That same message is still on the company's website, but a new filing makes it clear that the site is not down for maintenance, it's down for good.

The Body Shop files for Chapter 7 bankruptcy

While the future appeared bleak for The Body Shop, fans of the brand held out hope that a savior would step in. That's not going to be the case. 

The Body Shop filed for Chapter 7 bankruptcy in the United States.

"The US arm of the ethical cosmetics group has ceased trading at its 50 outlets. On Saturday (March 9), it filed for Chapter 7 insolvency, under which assets are sold off to clear debts, putting about 400 jobs at risk including those in a distribution center that still holds millions of dollars worth of stock," The Guardian reported.

After its closure in the United States, the survival of the brand remains very much in doubt. About half of the chain's stores in the United Kingdom remain open along with its Australian stores. 

The future of those stores remains very much in doubt and the chain has shared that it needs new funding in order for them to continue operating.

The Body Shop did not respond to a request for comment from TheStreet.   

Read More

Continue Reading

Government

Are Voters Recoiling Against Disorder?

Are Voters Recoiling Against Disorder?

Authored by Michael Barone via The Epoch Times (emphasis ours),

The headlines coming out of the Super…

Published

on

Are Voters Recoiling Against Disorder?

Authored by Michael Barone via The Epoch Times (emphasis ours),

The headlines coming out of the Super Tuesday primaries have got it right. Barring cataclysmic changes, Donald Trump and Joe Biden will be the Republican and Democratic nominees for president in 2024.

(Left) President Joe Biden delivers remarks on canceling student debt at Culver City Julian Dixon Library in Culver City, Calif., on Feb. 21, 2024. (Right) Republican presidential candidate and former U.S. President Donald Trump stands on stage during a campaign event at Big League Dreams Las Vegas in Las Vegas, Nev., on Jan. 27, 2024. (Mario Tama/Getty Images; David Becker/Getty Images)

With Nikki Haley’s withdrawal, there will be no more significantly contested primaries or caucuses—the earliest both parties’ races have been over since something like the current primary-dominated system was put in place in 1972.

The primary results have spotlighted some of both nominees’ weaknesses.

Donald Trump lost high-income, high-educated constituencies, including the entire metro area—aka the Swamp. Many but by no means all Haley votes there were cast by Biden Democrats. Mr. Trump can’t afford to lose too many of the others in target states like Pennsylvania and Michigan.

Majorities and large minorities of voters in overwhelmingly Latino counties in Texas’s Rio Grande Valley and some in Houston voted against Joe Biden, and even more against Senate nominee Rep. Colin Allred (D-Texas).

Returns from Hispanic precincts in New Hampshire and Massachusetts show the same thing. Mr. Biden can’t afford to lose too many Latino votes in target states like Arizona and Georgia.

When Mr. Trump rode down that escalator in 2015, commentators assumed he’d repel Latinos. Instead, Latino voters nationally, and especially the closest eyewitnesses of Biden’s open-border policy, have been trending heavily Republican.

High-income liberal Democrats may sport lawn signs proclaiming, “In this house, we believe ... no human is illegal.” The logical consequence of that belief is an open border. But modest-income folks in border counties know that flows of illegal immigrants result in disorder, disease, and crime.

There is plenty of impatience with increased disorder in election returns below the presidential level. Consider Los Angeles County, America’s largest county, with nearly 10 million people, more people than 40 of the 50 states. It voted 71 percent for Mr. Biden in 2020.

Current returns show county District Attorney George Gascon winning only 21 percent of the vote in the nonpartisan primary. He’ll apparently face Republican Nathan Hochman, a critic of his liberal policies, in November.

Gascon, elected after the May 2020 death of counterfeit-passing suspect George Floyd in Minneapolis, is one of many county prosecutors supported by billionaire George Soros. His policies include not charging juveniles as adults, not seeking higher penalties for gang membership or use of firearms, and bringing fewer misdemeanor cases.

The predictable result has been increased car thefts, burglaries, and personal robberies. Some 120 assistant district attorneys have left the office, and there’s a backlog of 10,000 unprosecuted cases.

More than a dozen other Soros-backed and similarly liberal prosecutors have faced strong opposition or have left office.

St. Louis prosecutor Kim Gardner resigned last May amid lawsuits seeking her removal, Milwaukee’s John Chisholm retired in January, and Baltimore’s Marilyn Mosby was defeated in July 2022 and convicted of perjury in September 2023. Last November, Loudoun County, Virginia, voters (62 percent Biden) ousted liberal Buta Biberaj, who declined to prosecute a transgender student for assault, and in June 2022 voters in San Francisco (85 percent Biden) recalled famed radical Chesa Boudin.

Similarly, this Tuesday, voters in San Francisco passed ballot measures strengthening police powers and requiring treatment of drug-addicted welfare recipients.

In retrospect, it appears the Floyd video, appearing after three months of COVID-19 confinement, sparked a frenzied, even crazed reaction, especially among the highly educated and articulate. One fatal incident was seen as proof that America’s “systemic racism” was worse than ever and that police forces should be defunded and perhaps abolished.

2020 was “the year America went crazy,” I wrote in January 2021, a year in which police funding was actually cut by Democrats in New York, Los Angeles, San Francisco, Seattle, and Denver. A year in which young New York Times (NYT) staffers claimed they were endangered by the publication of Sen. Tom Cotton’s (R-Ark.) opinion article advocating calling in military forces if necessary to stop rioting, as had been done in Detroit in 1967 and Los Angeles in 1992. A craven NYT publisher even fired the editorial page editor for running the article.

Evidence of visible and tangible discontent with increasing violence and its consequences—barren and locked shelves in Manhattan chain drugstores, skyrocketing carjackings in Washington, D.C.—is as unmistakable in polls and election results as it is in daily life in large metropolitan areas. Maybe 2024 will turn out to be the year even liberal America stopped acting crazy.

Chaos and disorder work against incumbents, as they did in 1968 when Democrats saw their party’s popular vote fall from 61 percent to 43 percent.

Views expressed in this article are opinions of the author and do not necessarily reflect the views of The Epoch Times or ZeroHedge.

Tyler Durden Sat, 03/09/2024 - 23:20

Read More

Continue Reading

Government

Veterans Affairs Kept COVID-19 Vaccine Mandate In Place Without Evidence

Veterans Affairs Kept COVID-19 Vaccine Mandate In Place Without Evidence

Authored by Zachary Stieber via The Epoch Times (emphasis ours),

The…

Published

on

Veterans Affairs Kept COVID-19 Vaccine Mandate In Place Without Evidence

Authored by Zachary Stieber via The Epoch Times (emphasis ours),

The U.S. Department of Veterans Affairs (VA) reviewed no data when deciding in 2023 to keep its COVID-19 vaccine mandate in place.

Doses of a COVID-19 vaccine in Washington in a file image. (Jacquelyn Martin/Pool/AFP via Getty Images)

VA Secretary Denis McDonough said on May 1, 2023, that the end of many other federal mandates “will not impact current policies at the Department of Veterans Affairs.”

He said the mandate was remaining for VA health care personnel “to ensure the safety of veterans and our colleagues.”

Mr. McDonough did not cite any studies or other data. A VA spokesperson declined to provide any data that was reviewed when deciding not to rescind the mandate. The Epoch Times submitted a Freedom of Information Act for “all documents outlining which data was relied upon when establishing the mandate when deciding to keep the mandate in place.”

The agency searched for such data and did not find any.

The VA does not even attempt to justify its policies with science, because it can’t,” Leslie Manookian, president and founder of the Health Freedom Defense Fund, told The Epoch Times.

“The VA just trusts that the process and cost of challenging its unfounded policies is so onerous, most people are dissuaded from even trying,” she added.

The VA’s mandate remains in place to this day.

The VA’s website claims that vaccines “help protect you from getting severe illness” and “offer good protection against most COVID-19 variants,” pointing in part to observational data from the U.S. Centers for Disease Control and Prevention (CDC) that estimate the vaccines provide poor protection against symptomatic infection and transient shielding against hospitalization.

There have also been increasing concerns among outside scientists about confirmed side effects like heart inflammation—the VA hid a safety signal it detected for the inflammation—and possible side effects such as tinnitus, which shift the benefit-risk calculus.

President Joe Biden imposed a slate of COVID-19 vaccine mandates in 2021. The VA was the first federal agency to implement a mandate.

President Biden rescinded the mandates in May 2023, citing a drop in COVID-19 cases and hospitalizations. His administration maintains the choice to require vaccines was the right one and saved lives.

“Our administration’s vaccination requirements helped ensure the safety of workers in critical workforces including those in the healthcare and education sectors, protecting themselves and the populations they serve, and strengthening their ability to provide services without disruptions to operations,” the White House said.

Some experts said requiring vaccination meant many younger people were forced to get a vaccine despite the risks potentially outweighing the benefits, leaving fewer doses for older adults.

By mandating the vaccines to younger people and those with natural immunity from having had COVID, older people in the U.S. and other countries did not have access to them, and many people might have died because of that,” Martin Kulldorff, a professor of medicine on leave from Harvard Medical School, told The Epoch Times previously.

The VA was one of just a handful of agencies to keep its mandate in place following the removal of many federal mandates.

“At this time, the vaccine requirement will remain in effect for VA health care personnel, including VA psychologists, pharmacists, social workers, nursing assistants, physical therapists, respiratory therapists, peer specialists, medical support assistants, engineers, housekeepers, and other clinical, administrative, and infrastructure support employees,” Mr. McDonough wrote to VA employees at the time.

This also includes VA volunteers and contractors. Effectively, this means that any Veterans Health Administration (VHA) employee, volunteer, or contractor who works in VHA facilities, visits VHA facilities, or provides direct care to those we serve will still be subject to the vaccine requirement at this time,” he said. “We continue to monitor and discuss this requirement, and we will provide more information about the vaccination requirements for VA health care employees soon. As always, we will process requests for vaccination exceptions in accordance with applicable laws, regulations, and policies.”

The version of the shots cleared in the fall of 2022, and available through the fall of 2023, did not have any clinical trial data supporting them.

A new version was approved in the fall of 2023 because there were indications that the shots not only offered temporary protection but also that the level of protection was lower than what was observed during earlier stages of the pandemic.

Ms. Manookian, whose group has challenged several of the federal mandates, said that the mandate “illustrates the dangers of the administrative state and how these federal agencies have become a law unto themselves.”

Tyler Durden Sat, 03/09/2024 - 22:10

Read More

Continue Reading

Trending