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Are These Penny Stocks on Your List of Small-Caps to Watch?

With penny stocks in focus, which small-caps are on your watchlist right now?
The post Are These Penny Stocks on Your List of Small-Caps to Watch? appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.

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3 Penny Stocks That Could Be Worth Adding to Your Watchlist

In August 2021, the options for finding penny stocks to buy are almost endless. While not all penny stocks will have forward value, finding the ones that will is the key to making money with small caps. And while it may seem difficult at first, with the right research and a commitment to getting a trading education, it can be much easier than previously imagined. Right now, there are a few external factors to consider before picking any penny stocks to watch. 

The first and most important is without a doubt the pandemic. While it seemed like we were on the way out only a few weeks ago, the rise of Delta variant-related cases has changed that thought train. Now, investors are searching once again for penny stocks that could benefit from the current state of the pandemic. This includes reopening penny stocks, biotech penny stocks, energy penny stocks, and more. 

[Read More] 3 Tech Penny Stocks To Watch In August 2021

And with this, traders should think outside of the box, considering how each company could benefit as case numbers hopefully begin to drop in the near future. While this is not the only factor impacting the stock market right now, it is arguably the most important. So, with all of this in mind, let’s take a look at three penny stocks that could be worth adding to your watchlist. 

3 Hot Penny Stocks For Your August Watchlist 

  1. Camber Energy Inc. (NYSE: CEI
  2. Hut 8 Mining Corp. (NASDAQ: HUT
  3. Origin Materials Inc. (NASDAQ: ORGN)

Camber Energy Inc. (NYSE: CEI)

Camber Energy Inc. is as its name suggests, an energy penny stock that has continued to show solid momentum throughout the past year or so. This company acquires and develops properties for oil and natural gas exploration. After acquiring properties, Camber then develops them for the purpose of selling crude oil, natural gas, and natural gas liquids. As of March 31st, 2020, the company had total estimated proved reserves of 133,442 million barrels of oil equivalent.

On July 30th, Viking Energy Group Inc. announced an additional equity investment in Camber Energy. Camber has purchased $11 million worth of common stock of Viking Energy Group. Viking also recently announced the closure of a $15 million equity transaction from an institutional investor. These funds are to be used on working capital, new acquisitions, and more.

“These transactions serve as significant catalysts for advancing Camber’s growth initiatives. The $15M commitment by the institutional investor is encouraging and seemingly reflective of the confidence in Camber and our operations both short and long term. We are excited about the Company’s future and remain focused on forging a path toward profitability and increasing shareholder value.”

The President and CEO of Camber, James Doris

With this new update in mind, will CEI stock make your penny stocks watchlist?

Hut 8 Mining Corp. (NASDAQ: HUT)

Hut 8 Mining Corp. is a penny stock that has been trending upwards recently. YTD, shares of HUT stock are up by almost 70%, and in the past five days alone, shares have shot up by over 10%. For some context, this company mines for cryptocurrency in the United States. Hut 8’s mining operations are primarily for Bitcoin, which is as you may know, the most valuable crypto out there. It’s worth noting that the company also owns 94 BlockBoxes in two cities located in Alberta, Canada.

Bitcoin mining companies have become very popular in the stock market over the last few years. Since HUT stock has gone public, it has seen tremendous growth in the market. In that time, the popularity of cryptocurrencies such as Bitcoin, DogeCoin, and Ethereum have all grown substantially. In addition, blockchain-based technology such as NFT’s have also seen increased investor attention.

[Read More] 4 Top Reddit Stocks To Watch As Robinhood (HOOD) Stock Breaks $80

On July 29th, the CEO of Hut 8 Mining Corp., Jaime Leverton, appeared on CEO Clips. CEO Clips is the largest library of publicly traded company CEO videos in the U.S. and Canada. These video profiles are shown on national TV and the top 15 financial sites. Leverton spoke on the company’s innovation in the Bitcoin space during her time on the show. This is the latest that has come from Hut 8 Mining Corp.

And while it may not seem that important, events like these help to offer both awareness of what the company is doing, and attention on what it could do in the future. For these reasons, it is always important to stay on top of announcements like this. With that in mind, will HUT stock be on your August small-caps watchlist?

Penny_Stocks_to_Watch_Hut_8_Mining_Corp._(HUT_Stock_Chart)

Origin Materials Inc. (NASDAQ: ORGN)

Origin Materials Inc. is a materials penny stock that only recently joined the NASDAQ via an SPAC deal. While prices have been down for ORGN, this is common following a listing on a new exchange. For some context, Origin Materials focuses on converting the carbon found in biomass into useful materials. This aligns with its goal of transitioning the world toward the use of sustainable materials for everything from car parts to tires and textiles. Its patented technology has an extremely broad range and it states that there is an almost $1 trillion addressable market for it.

On June 25th, the company announced the completion of its business combination with the SPAC, Artius Acquisition Inc. In other recent news, Origin will be releasing its second-quarter results for 2021 on Thursday, August 12th, 2021. This will then be followed by a conference call on the same day. 

As stated many times before, business updates, financial, and any upcoming news are always extremely important for investors to pay attention to. This is especially true when we consider a newly listed company such as Origin Materials.

In addition to this, from a broad perspective, we have witnessed solid bullish sentiment with ESG penny stocks. And as a clear part of this industry, ORGN stock could be worth paying attention to. So, considering this interesting prospect and its new status on the NASDAQ exchange, is ORGN worth adding to your list of penny stocks to watch?

Penny_Stocks_to_Watch_Origin_Materials_Inc_ORGN_Stock_Chart

Which Penny Stocks Are You Watching Right Now?

Finding the best penny stocks to buy all comes down to understanding where to look. By considering geopolitical events and the trajectory of the pandemic, investors can narrow down their watchlists to a few penny stocks that could be worth watching.

[Read More] Best Biotech Penny Stocks For Your Small-Caps Watchlist Right Now

And while this is not a be-all-end-all list, it should offer some inspiration. With all of this in mind, which penny stocks are you watching right now?

The post Are These Penny Stocks on Your List of Small-Caps to Watch? appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.

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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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Government

Walmart joins Costco in sharing key pricing news

The massive retailers have both shared information that some retailers keep very close to the vest.

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As we head toward a presidential election, the presumed candidates for both parties will look for issues that rally undecided voters. 

The economy will be a key issue, with Democrats pointing to job creation and lowering prices while Republicans will cite the layoffs at Big Tech companies, high housing prices, and of course, sticky inflation.

The covid pandemic created a perfect storm for inflation and higher prices. It became harder to get many items because people getting sick slowed down, or even stopped, production at some factories.

Related: Popular mall retailer shuts down abruptly after bankruptcy filing

It was also a period where demand increased while shipping, trucking and delivery systems were all strained or thrown out of whack. The combination led to product shortages and higher prices.

You might have gone to the grocery store and not been able to buy your favorite paper towel brand or find toilet paper at all. That happened partly because of the supply chain and partly due to increased demand, but at the end of the day, it led to higher prices, which some consumers blamed on President Joe Biden's administration.

Biden, of course, was blamed for the price increases, but as inflation has dropped and grocery prices have fallen, few companies have been up front about it. That's probably not a political choice in most cases. Instead, some companies have chosen to lower prices more slowly than they raised them.

However, two major retailers, Walmart (WMT) and Costco, have been very honest about inflation. Walmart Chief Executive Doug McMillon's most recent comments validate what Biden's administration has been saying about the state of the economy. And they contrast with the economic picture being painted by Republicans who support their presumptive nominee, Donald Trump.

Walmart has seen inflation drop in many key areas.

Image source: Joe Raedle/Getty Images

Walmart sees lower prices

McMillon does not talk about lower prices to make a political statement. He's communicating with customers and potential customers through the analysts who cover the company's quarterly-earnings calls.

During Walmart's fiscal-fourth-quarter-earnings call, McMillon was clear that prices are going down.

"I'm excited about the omnichannel net promoter score trends the team is driving. Across countries, we continue to see a customer that's resilient but looking for value. As always, we're working hard to deliver that for them, including through our rollbacks on food pricing in Walmart U.S. Those were up significantly in Q4 versus last year, following a big increase in Q3," he said.

He was specific about where the chain has seen prices go down.

"Our general merchandise prices are lower than a year ago and even two years ago in some categories, which means our customers are finding value in areas like apparel and hard lines," he said. "In food, prices are lower than a year ago in places like eggs, apples, and deli snacks, but higher in other places like asparagus and blackberries."

McMillon said that in other areas prices were still up but have been falling.

"Dry grocery and consumables categories like paper goods and cleaning supplies are up mid-single digits versus last year and high teens versus two years ago. Private-brand penetration is up in many of the countries where we operate, including the United States," he said.

Costco sees almost no inflation impact

McMillon avoided the word inflation in his comments. Costco  (COST)  Chief Financial Officer Richard Galanti, who steps down on March 15, has been very transparent on the topic.

The CFO commented on inflation during his company's fiscal-first-quarter-earnings call.

"Most recently, in the last fourth-quarter discussion, we had estimated that year-over-year inflation was in the 1% to 2% range. Our estimate for the quarter just ended, that inflation was in the 0% to 1% range," he said.

Galanti made clear that inflation (and even deflation) varied by category.

"A bigger deflation in some big and bulky items like furniture sets due to lower freight costs year over year, as well as on things like domestics, bulky lower-priced items, again, where the freight cost is significant. Some deflationary items were as much as 20% to 30% and, again, mostly freight-related," he added.

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