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5 Top Penny Stocks For Your Watch List In June 2022

Top penny stocks to watch in June 2022
The post 5 Top Penny Stocks For Your Watch List In June 2022 appeared first on Penny Stocks to Buy, Picks, News…

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As May comes to an end, we look ahead to see what June will bring for penny stocks. This month was hard to stomach if you’re an investor and not an active trader. The S&P 500 ETF (NYSE: SPY) dropped over 7%, the Nasdaq ETF (NASDAQ: QQQ) dipped nearly 10%, and the Dow Jones ETF (NYSE: DIA) slipped over 6%. Meanwhile, the small-cap stocks benchmark ETF, the Russell 2000 (NYSE: IWM), fell more than 7.8% at its May low. Downtrodden economic data, inflationary fears, and rate hikes helped fuel negative sentiment. But for traders, it was a different story.

On an almost daily basis, we saw shares of some of the smallest companies surge. Whether it was a 1-day 100%+ pop or a multi-day rally lasting a week, opportunities were there for day traders & swing traders alike. So what should you expect in June 2022? Most market participants expect a bit of the same as far as volatility is concerned.

We still don’t have a firm “top” on inflation, and some speculate that the FederalReserve may adjust its rate hike trajectory based on what has transpired in May. The latest round of Fed minutes points at a move that includes multiple 50 basis points interest rate increases. The minutes stated that “Most participants judged that 50 basis point increases in the target range would likely be appropriate at the next couple of meetings.”

Penny Stocks To Watch June 2022

  1. Express Inc. (NYSE: EXPR)
  2. Aterian Inc. (NASDAQ: ATER)
  3. Gevo Inc. (NASDAQ: GEVO)
  4. Better Therapeutics (NASDAQ: BTTX)
  5. Innoviz Technologies Ltd. (NASDAQ: INVZ)

1. Express Inc. (NYSE: EXPR)

Retail stocks have gotten the brunt of the stock market crash in 2022. Express Inc. hasn’t been immune to this trend either. This week, the clothing and accessories brand dropped to fresh 2022 lows as recessionary fears gripped the market. Shares of EXPR stock posted a solid first quarter, which helped send shares higher at the end of the month.

Some highlights included a 30% increase in net sales and a 31% increase in consolidated comparable sales. As far as eCommerce went, Express said it realized a 21% growth in demand and is on track to achieve a goal of $1 billion in eComm demand by next year. Topping it off, management raised its full-year comp sales outlook to an increase of 8%-10%.

What To Watch With EXPR Stock

Looking at June, the options market could have given some insight into sentiment. If you look at each expiration date during the month (June 3rd, 10th, 17th, and 24th), there is a significant amount of open interest in Call options for the June 17th $4 strike. With over 5,000 contracts so far, this is more than all Put option open interest combined for that expiration date. With more retail company earnings showing strength in certain sector pockets, EXPR could be one of the penny stocks to watch for June.

2. Aterian Inc. (NASDAQ: ATER)

Another retail-focused company, Aterian Inc., is on this list of penny stocks for June. It specializes in the pick and shovel aspect of the industry. In particular, Aterian offers eCommerce brands a platform of partners and brands to create top-selling consumer products. Utilizing artificial intelligence through its AIMEE (AI Marketplace Ecommerce Engine) platform, Aterian has built a robust portfolio of SKUs selling at scale on outlets like Amazon, Shopify, and Walmart.

[Read More] Best Penny Stocks to Watch as the Market Turns Bullish Today

What To Watch With ATER Stock

One of the drivers for the retail trading crowd has been the short interest in ATER stock. Right now, Fintel.IO data shows this figure hovering around 34%. Meanwhile, the Aterian options chain shows a high level of Out-of-the-Money calls at the June 17th strike. Specifically, the $5, $7.50, $10, and $12.50 strikes each have thousands of open interest contracts as of this article.

penny stocks to buy Aterian Inc. ATER stock options chain

3. Gevo Inc. (NASDAQ: GEVO)

If you’ve traded cheap stocks frequently, chances are you’ve come across Gevo Inc. now and again. The renewable energy company has been on a hot streak as far as dealmaking is concerned. Earlier this year, Gevo signed a contract with oneworld Alliance members who plan to purchase up to 200 million gallons of sustainable aviation fuel per year for a five-year term. According to management, this is expected to bring up to $800 million in revenue.

Gevo also reported earnings showing a sales beat for the quarter. Though it slightly missed on EPS. In a May update, Dr. Patrick R. Gruber, Gevo’s Chief Executive Officer, said, “We are moving forward with our Net Zero 1 plans in Lake Preston, South Dakota and couldn’t be more pleased with the progress we have made. We look forward to beginning site preparations later this year and construction early next year. We believe we have a world class team in place to manage the development of this first of its kind, Net-Zero plant and the many additional plants that will be needed to produce this valuable fuel. In northwest Iowa, our dairy RNG facility continues its ramp to stable production and I am very proud of how well that team executed to deliver the project on time and within budget. We intend to build many Net-Zero plants over the coming years and we believe we have all the right people in place to get it done.”

penny stocks to buy Gevo Inc. GEVO stock options chain

What To Watch With GEVO Stock

Thanks to a global fuel shortage, companies with exposure to this arena have gotten plenty of attention. Meanwhile, GEVO stock has been a focal point ahead of these planned developments for its Net-Zero plant and RNG facility. Meanwhile, data-seekers might find it interesting that GEVO could also be one of the short interest stocks to watch with a 20.41% short float. Speculators in the options market have also taken a bullish approach to the penny stock as far out as next year. The January 20, 2023 Calls have a large amount of open interest throughout the chain.

4. Better Therapeutics (NASDAQ: BTTX)

Biotech has probably become one of the hardest-hit industries this year. The NASDAQ Biotech ETF (NASDAQ: IBB) has fallen to some of its lowest levels since the onset of the 2020 pandemic. Meanwhile, there are pockets of momentum in small- and micro-cap stocks.

Better Therapeutics has been one of these stocks, with shares becoming more active in May. One of the most significant moves came leading up to its latest quarterly update. There was also a social-media-fueled buying spree that helped give shares a bump as well. Traders pointed out the higher short interest and lower float of BTTX stock.

What To Watch With BTTX Stock

Once again, BTTX stock is back on the list of penny stocks with higher short interest. Fintel data shows a 22.23% short float. Meanwhile, TD Ameritrade shows this slightly higher at 22.66%. The company has several clinical programs in different stages to watch, with its BT-001 trial completion and De Novo submission anticipated for the end of Q2. Considering that June marks the end of the second quarter, this could be an essential thing to keep in mind. Meanwhile, at the start of the month, Better hosts an educational webinar on June 1st and a Key Opinion Leader webinar on June 3-7.

penny stocks to buy Better Therapeutics BTTX stock chart

5. Innoviz Technologies Ltd. (NASDAQ: INVZ)

Now for the technology name on this list of penny stocks. Tech is another hard-hit pocket of the stock market this year. But Innoviz could be on the radar for some in June. Thanks to several milestones, the LiDAR sensor and software company has gained momentum in May, and none had to do with earnings.

Innoviz was chosen by an unidentified “major car company” to be the direct LiDAR supplier for multiple brands at the start of the month. It also said that the agreement would increase its order book by $4 billion to $6.6 billion, and for anyone looking at penny stocks, the B-word has carried weight.

[Learn More] Trading Penny Stocks & Using Volume Analysis To Find Stocks To Buy

What To Watch With INVZ Stock

This week the company brought on new management team members. These were specific to its sales leadership. Innoviz CEO and Co-Founder Omer Keilaf explained, “We are excited about our newest appointments as we continue to expand our automotive business and begin penetrating the non-automotive industry in parallel.”

The company also appointed country managers for U.S. and Japan who both bring experience from companies including Ford, Nissan, Honda, and Toyota. With new deals and management, it will be interesting to see what comes next for INVZ stock as the auto industry attempts to rebound from the stock market crash this year.

penny stocks to buy Innoviz INVZ stock chart

Penny Stocks To Buy

Determining the type of trader you are will make it easier to find the right penny stocks to buy. Slow-moving stocks are probably not your style if you’re looking for short-term momentum. At the same time, if you’re looking at investing in penny stocks, quick scalps and day trades might be a bit too active for you. No matter the market, the goals are the same: make money and repeat the process. With that in mind, are any of these on your list of penny stocks in June?

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The post 5 Top Penny Stocks For Your Watch List In June 2022 appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.

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Economics

The One Housing Chart That Shows A ‘Buyer’s Market’ Has Returned

The One Housing Chart That Shows A ‘Buyer’s Market’ Has Returned

The red hot pandemic-era housing market is cooling as historically tight…

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The One Housing Chart That Shows A 'Buyer's Market' Has Returned

The red hot pandemic-era housing market is cooling as historically tight available inventory shows signs of reversing. 

An affordability crisis has removed millions of new home buyers as the number of active US listings soared 18.7% in June from a year earlier, the most significant increase in Realtor.com's data going back to 2017, according to Bloomberg. The days of insane bidding wars, waiving home inspections, and putting in an offer 20% or more over the list price appear to be over. In other words, a buyer's market could be emerging. 

"While we anticipate that more inventory will eventually cool the feverish pace of competition, the typical buyer has yet to see meaningful relief from quick-selling homes and record-high asking prices," said Danielle Hale, chief economist for Realtor.com. 

Austin, Texas; Phoenix, Arizona; and Raleigh, North Carolina saw active listings more than double from a year ago. Nashville, Tennessee, active listings jumped 86%, and 72% in the Riverside, California. 

The Federal Reserve's most aggressive tightening campaign sent the 30-year fixed-loan mortgage rate from 3% to over 6% this year (back in March, we warned coming rate explosion would trigger a housing affordability crisis), removing millions of new home buyers who can't afford the cost of homeownership as the median existing-home sales price was around $407k in May. 

Even though inventory is historically tight, supply is expected to increase in markets across the country as demand for loan applications among prospective buyers slumps. Fewer buyers equal more inventory. 

The takeaway is that inventory is rising as homes stay on the market longer because demand evaporated thanks to the housing affordability crisis -- this could mean a housing top is nearing. 

Tyler Durden Thu, 06/30/2022 - 18:50

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Economics

States Need To Avoid ‘Cures’ That Can Make Inflation Worse

States Need To Avoid ‘Cures’ That Can Make Inflation Worse

Authored by Regina M. Egea and Danielle Zanzalari via RealClearPolicy.com,

Across…

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States Need To Avoid 'Cures' That Can Make Inflation Worse

Authored by Regina M. Egea and Danielle Zanzalari via RealClearPolicy.com,

Across the United States, state governments are awash in cash. In a sharp contrast, American taxpayers are enduring a rate of inflation unseen in four decades, with the costs of everything from food to gasoline at record highs.

In our home state of New Jersey, Trenton is looking at an unprecedented surplus of $8 billion through a combination of increased tax revenue, federal pandemic aid and borrowing.

A natural impulse among residents and policymakers is to offer residents “relief” in the form of rebate checks.

The reality is that relying exclusively on rebates or direct cash transfers to individuals will only lead to more inflation as this puts more money in consumers’ hands exacerbating the same problem as today - too many dollars chasing too few goods.

Rather, it is prudent that states focus on long-term investment and responsible budgeting to ensure economic growth now and in the future. This is especially important in high tax, big spending states due to the greater flexibility in work arrangements that have exposed the reality that wealth is mobile.

With more residents fleeing high tax states to low tax states, states will need to reevaluate their tax and regulatory climate to stay competitive. 

Regulation can raise the costs for consumers and slow job growth. A series of studies shows the regulation raises prices and worsens poverty.

Working with local governments to revisit restrictive laws that contribute to higher housing prices, such as building height restrictions and zoning rules, as well as removing unnecessary restrictions on business operations will lead to more economic growth.

Another way states can aid productivity and long-term economic growth with their temporary budget surplus, is to fund training programs for middle-skilled jobs.

Nearly every industry has experienced labor shortages and that reality is especially acute in trades like auto, refrigeration, HVAC, electrical, welding, and manufacturing.

States can invest in these skills through high school and vocational school programs. With college borrowing costs astronomically high, this encourages individuals to pursue careers that are lucrative and budget friendly, as well as fill the over 75,000 job openings that our state of New Jersey is projected to need in just a few years.

To further long-term economic growth many states should also concentrate on fixing their unfunded pension liabilities for public employees. This impacts red and blue states alike, with massive liabilities in California ($1.53 trillion), Illinois ($533.72 billion), Texas ($529.70 billion), New York ($508.70 billion) and Ohio ($429.53 billion). Here in New Jersey, our liability is nearly $40,000 for every resident of the state, which can dramatically deter future growth. Beyond using some of states’ budget surplus to shore up pension liabilities, states should move public employees to defined contribution plans, which are used by more than 100 million Americans. These are found to have better investment returns than state-wide pension plans and cost taxpayers less.

Our final recommendation is perhaps our most important: Save for a rainy day. If the U.S. economy enters into a recession, this will mean fewer jobs and less tax revenue for states. To prepare for the future when states again face a budget shortfall, which may be sooner than we think, states should follow best practices of reserving 10% of their budget in a rainy day fund, to sustain essential programs should a downturn occur in the future.

As state leaders consider their budgets, they should focus on long-term economic growth initiatives. Proposals like funding middle-skilled job trainings ensure workers are ready for the next decade, whereas eliminating unnecessary regulations and focusing on pro-growth tax reforms encourages residents to build businesses and create jobs. Lastly, taking care of state finances by properly funding state employees’ retirement plans and saving for a rainy day will ensure that no state is left behind in the next economic downturn.

Tyler Durden Thu, 06/30/2022 - 17:50

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Spread & Containment

Aging-US | Time makes histone H3 modifications drift in mouse liver

BUFFALO, NY- June 30, 2022 – A new research paper was published in Aging (Aging-US) on the cover of Volume 14, Issue 12, entitled, “Time makes histone…

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BUFFALO, NY- June 30, 2022 – A new research paper was published in Aging (Aging-US) on the cover of Volume 14, Issue 12, entitled, “Time makes histone H3 modifications drift in mouse liver.”

Credit: Hillje et al.

BUFFALO, NY- June 30, 2022 – A new research paper was published in Aging (Aging-US) on the cover of Volume 14, Issue 12, entitled, “Time makes histone H3 modifications drift in mouse liver.”

Aging is known to involve epigenetic histone modifications, which are associated with transcriptional changes, occurring throughout the entire lifespan of an individual.

“So far, no study discloses any drift of histone marks in mammals which is time-dependent or influenced by pro-longevity caloric restriction treatment.”

To detect the epigenetic drift of time passing, researchers—from Istituto di Ricovero e Cura a Carattere Scientifico, University of Urbino ‘Carlo Bo’, University of Milan, and University of Padua—determined the genome-wide distributions of mono- and tri-methylated lysine 4 and acetylated and tri-methylated lysine 27 of histone H3 in the livers of healthy 3, 6 and 12 months old C57BL/6 mice. 

“In this study, we used chromatin immunoprecipitation sequencing technology to acquire 108 high-resolution profiles of H3K4me3, H3K4me1, H3K27me3 and H3K27ac from the livers of mice aged between 3 months and 12 months and fed 30% caloric restriction diet (CR) or standard diet (SD).”

The comparison of different age profiles of histone H3 marks revealed global redistribution of histone H3 modifications with time, in particular in intergenic regions and near transcription start sites, as well as altered correlation between the profiles of different histone modifications. Moreover, feeding mice with caloric restriction diet, a treatment known to retard aging, reduced the extent of changes occurring during the first year of life in these genomic regions.

“In conclusion, while our data do not establish that the observed changes in H3 modification are causally involved in aging, they indicate age, buffered by caloric restriction, releases the histone H3 marking process of transcriptional suppression in gene desert regions of mouse liver genome most of which remain to be functionally understood.”

DOI: https://doi.org/10.18632/aging.204107 

Corresponding Author: Marco Giorgio – marco.giorgio@unipd.it 

Keywords: epigenetics, aging, histones, ChIP-seq, diet

Sign up for free Altmetric alerts about this article:  https://aging.altmetric.com/details/email_updates?id=10.18632%2Faging.204107

About Aging-US:

Launched in 2009, Aging (Aging-US) publishes papers of general interest and biological significance in all fields of aging research and age-related diseases, including cancer—and now, with a special focus on COVID-19 vulnerability as an age-dependent syndrome. Topics in Aging go beyond traditional gerontology, including, but not limited to, cellular and molecular biology, human age-related diseases, pathology in model organisms, signal transduction pathways (e.g., p53, sirtuins, and PI-3K/AKT/mTOR, among others), and approaches to modulating these signaling pathways.

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  • SoundCloud – https://soundcloud.com/Aging-Us
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For media inquiries, please contact media@impactjournals.com.

Aging (Aging-US) Journal Office
6666 E. Quaker Str., Suite 1B
Orchard Park, NY 14127
Phone: 1-800-922-0957, option 1

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