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Best Penny Stocks To Buy? Einhorn, Lynch, Cohen & Dalio Own These 5

Top Wall Street Investors Own These 5 Penny Stocks. Are They A Buy Now?
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If there’s one strategy growing in popularity right now, it’s “follow” the money. Whether you’re looking for penny stocks to buy or which stocks to invest in, “smart money” is a focus for many. Most companies won’t come out to state who their big investors are. But if you know where to look, you can follow the money yourself. Today we look at a handful of penny stocks that some of Wall Street’s top investors own, believe it or not. We aren’t talking about no-name upstart individuals or hedge funds either. Ray Dalio, David Einhorn, Peter Lynch, & Steven Cohen grace this list of penny stocks today.

Penny Stocks To Watch

  1. IMAC Holdings (NASDAQ: IMAC)
  2. 23andMe Holding Co. (NASDAQ: ME)
  3. Mereo Biopharma Group (NASDAQ: MREO)
  4. Clean Energy Fuels Corporation (NASDAQ: CLNE)
  5. HUYA Inc. (NYSE: HUYA)

Finding The Best Penny Stocks To Buy

Finding the best penny stocks to buy is easier said than done. But, in most cases, a list is a great place to start. Identifying the trends, you’re looking for or searching for pockets of momentum are a few of the ways traders find opportunities in the stock market today. In this article, we look at a handful of penny stocks to watch that are also on the lists of some of Wall Street’s top investors.

Peter Lynch Takes Stake In IMAC Holdings (NASDAQ: IMAC)

If you’ve never heard of IMAC Holdings, that might change soon. That’s because a filing popped up this week showing legendary investor, Peter Lynch taking a stake in the company. The 13G filing shows Lynch owning a 5.23% stake in the company. The former Fidelity Magellan fund manager has made it a point to avoid owning more than a 5% stake in companies. Apparently, according to an interview, he didn’t realize this was the case. Regardless, his stake has caused a stir in the retail arena as shares of IMAC stock surged this week.

The filing comes just days after IMAC reported earnings for its first quarter of the year. The company develops regenerative rehabilitation orthopedic treatments and recorded increased revenue for the fourth-consecutive quarter, with total revenue coming in at $3.9 million.

What to Know About Buying Penny Stocks on May 19th

“The first quarter of 2022 demonstrated IMAC’s ability to deliver on significant commitments. For example, we started the quarter by successfully retiring debt obligations to a lending partner that helped us through challenging market conditions in 2020. Then, we finished the quarter by meeting obligations of our 10 store pilot program with Walmart, setting up substantial growth prospects for our company,” said Jeffrey Ervin, CEO of IMAC.

With Lynch on the investor roster, IMAC stock could be one of the names to watch this week.

David Einhorn’s Greenlight Capital Reveals Holding In Penny Stock 23andMe Holding Co. (NASDAQ: ME)

Other than 13G filings, the latest round of 13F’s is coming out. These filings show the quarterly holdings at the end of Q1 for money managers. They’ve been used to find out Warren Buffett’s top holdings. These filings have also been used to identify “smart money” flow from other top investors. David Einhorn’s Greenlight Capital seems to have given the green light for penny stocks.

Specifically, Greenlight’s latest 13F shows the firm has a stake in genetics and research company 23andMe Holding Co. Einhorn reported a 73,591 share position. This figure was lower than what was filed for Q4, 2021 holdings and may be something to keep in mind if you’re whale hunting right now.

23andMe is known for its self-serve genetic testing kits. But it has expanded its offering beyond any genealogy product. The company recently closed the acquisition of Lemonaid Health Inc. for $400 million. They are an on-demand platform for accessing medical care and pharmacy services online. Next week ME stock could be a focus as the company is set to release its next round of earnings on Thursday.

In its FY 2022 Q3 results posted earlier this year, the company gave updated guidance and expectations: The projected range for full-year revenue for fiscal 2022, which will end on March 31, 2022, has been increased from $250 to $260 million to $268 to $278 million. The increase in projected revenue is primarily due to the addition of telehealth services to 23andMe’s consumer business.

We’ll see what comes next week in its official results.

Point72’s Steve Cohen Not Shy Of These Penny Stocks: Mereo Biopharma Group (NASDAQ: MREO) & Clean Energy Fuels Corporation (NASDAQ: CLNE)

Steven Cohen has become somewhat of a favorite among small & micro-cap traders. It has been more frequent than not to see excitement stem from a Point72 filing in penny stocks. Cohen’s latest 13F filings show positions in several. Mereo Biopharma Group and Clean Energy Fuels are just a few on the list of penny stocks.

Mereo Biopharma Group

Shares of MREO stock have climbed for the better part of the last few weeks. This comes as a reprieve from what has been a constant sell-off in the penny stock. For the last few quarters, Point72 has reported increased stakes in MREO stock. For the period ended September 30th, Point72 reported 9,975,000 shares. The following quarter, that figure jumped to 10,610,000. The latest details show Point72 has 11,495,000, albeit at half the dollar value the position was back in September.

Earlier this month, the company announced top-line efficacy and safety data from its “ASTRAEUS” Phase 2 study. Mereo’s alvelestat (MPH-966) was studied in patients with severe alpha-1 antitrypsin deficiency-associated emphysema. Dr. Denise Scots-Knight, Chief Executive Officer of Mereo, explained, “Alvelestat has the potential to be the first-in-class oral neutrophil elastase inhibitor for the treatment of AATD-LD. We look forward to analyzing the additional data on the secondary and exploratory endpoints and to engaging with the regulators on the design of a pivotal study.”

Best Penny Stocks to Buy as May Ends? 3 to Watch Right Now

Clean Energy Fuels Corporation

Energy stocks have become a favorite of retail traders and investors in the stock market this year. It would appear that over the last year, Point72 has increased its position by 1,200%. The previous report in 2021 showed the firm owning around 75,000 shares of CLNE stock. The latest 13F filing shows a position of over 900,000 shares held at the end of the first quarter.

Recent earnings from the company didn’t bode well for the stock, coincidentally, since the end of Q1. Clean Energy missed earnings per share and sales estimates. Despite the miss, the company was able to see revenue growth of 8.2% compared to the first quarter of last year. Analysts at Raymond James and Credit Suisse kept their bullish outlook and have Outperform ratings on the penny stock. Meanwhile, price targets range from $6 to $12.50.

Ray Dalio’s Bridgewater Associates Shows Continued Stake In HUYA Inc. (NYSE: HUYA)

Game live streaming company HUYA Inc. has followed the overall trend of esports and entertainment stocks over the last year. HUYA stock has dropped from over $18 to under $5. But that doesn’t seem to have scared away big investors. The latest 13F filing from Ray Dalio’s Bridgewater Associates shows HUYA still has a place on the list of penny stocks to watch. While this quarter’s position is lower than the last, it remains larger in share volume than in all other quarters.

China’s streaming crackdown put a dent in HUYA’s latest round of earnings. Additionally, new COVID restrictions have also impacted the stock’s performance. Ashley Xin Wu, Vice President of Finance of Huya, mentioned that “Given the continued macro headwinds and the recent resurgence of the COVID-19 pandemic in China, we achieved RMB2,464.6 million total net revenues and RMB333.6 million gross profit in the first quarter of 2022. We remain confident that by fostering quality content, driving product innovation, running efficient operations, and enhancing our compliance capabilities, we will strengthen Huya’s core competitiveness in the game live streaming industry.”

HUYA stock has managed to rebound over the last week.

Penny Stocks To Watch

When putting together your list of penny stocks to watch, understanding market trends helps. It’s also worth knowing who’s buying or selling. Today we looked at a few penny stocks to watch based on recent activity from some of Wall Street’s top investors. Will they join your watch list soon, or are they to be avoided at all costs? Leave a comment and let us know what you think.

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The post Best Penny Stocks To Buy? Einhorn, Lynch, Cohen & Dalio Own These 5 appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.

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License Plates Could Be Printed On McDonald’s Bags To Stop Littering

License Plates Could Be Printed On McDonald’s Bags To Stop Littering

There’s been talk about McDonald’s in southwest Great Britain could print…

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License Plates Could Be Printed On McDonald's Bags To Stop Littering

There's been talk about McDonald's in southwest Great Britain could print car license plates on drive-thru bags to prevent customers from littering. 

"It's not clear exactly how the number plate would be printed on packaging, but it could be scanned onto the brown bags that contain the food," Daily Mail noted. 

Chris Howell, Swansea Council's head of waste, parks and cleansing, told a climate change corporate delivery committee meeting: 

"The Welsh Government has explored with McDonald's, or their franchises, whether or not they could print number plates of cars collecting takeaways from their drive-throughs with a view that that would discourage people from discarding their materials (litter)."

Howell said one of the biggest hurdles with fast-food companies is that if one chain adopts the climate initiative, customers will go to competitors that don't print license plates on bags. 

"If McDonald's do it, then people will just go to Burger King instead of McDonald's, because nobody wants to have their private details printed on that packaging." He added: "I think it's a really good idea but at the minute it's fraught with some difficulties." 

The nationalist political party in Wales, Plaid Cymru, first proposed the idea more than two years ago during the pandemic lockdown when party leaders noticed a spike in fast-food trash along city streets and highways. 

Welsh Government spokesperson told MailOnline:

"There are no current plans to introduce a requirement for drive-through restaurants to add vehicle registration details to fast food drive-through packaging.

"We are continuing to support Keep Wales Tidy with other initiatives to tackle roadside litter including their No Regrets campaign and their Adopt a Highway initiative."

Now 'the cat is out of the bag'. It's only a matter of time before governments start forcing fast-food companies to print license plate numbers on drive-thru bags. The dangers of this could be more surveillance, and who knows what corporations would do with license plate data if such a system were implemented. 

Tyler Durden Sat, 11/26/2022 - 18:00

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COVID Lockdown Protests Erupt In Beijing, Xinjiang After Deadly Fire

COVID Lockdown Protests Erupt In Beijing, Xinjiang After Deadly Fire

Protests have erupted in Beijing and the far western Xinjiang region…

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COVID Lockdown Protests Erupt In Beijing, Xinjiang After Deadly Fire

Protests have erupted in Beijing and the far western Xinjiang region over COVID-19 lockdowns and a deadly fire on Thursday in a high-rise building in Urumqi that killed 10 people (with some reports putting the number as high as 40).

Crowds took to the street in Urumqi, the capitol of Xinjiang, with protesters chanting "End the lockdown!" while pumping their fists in the air, following the circulation of videos of the fire on Chinese social media on Friday night.

Protest videos show people in a plaza singing China's national anthem - particularly the line: "Rise up, those who refuse to be slaves!" Others shouted that they did not want lockdowns. In the northern Beijing district of Tiantongyuan, residents tore down signs and took to the streets.

Reuters verified that the footage was published from Urumqi, where many of its 4 million residents have been under some of the country's longest lockdowns, barred from leaving their homes for as long as 100 days.

In the capital of Beijing 2,700 km (1,678 miles) away, some residents under lockdown staged small-scale protests or confronted their local officials over movement restrictions placed on them, with some successfully pressuring them into lifting them ahead of a schedule. -Reuters

According to an early Saturday news conference by Urumqi officials, COVID measures did not hamper escape and rescue during the fire, but Chinese social media wasn't buying it.

"The Urumqi fire got everyone in the country upset," said Beijing resident Sean Li.

According to Reuters

A planned lockdown for his compound "Berlin Aiyue" was called off on Friday after residents protested to their local leader and convinced him to cancel it, negotiations that were captured by a video posted on social media.

The residents had caught wind of the plan after seeing workers putting barriers on their gates. "That tragedy could have happened to any of us," he said.

By Saturday evening, at least ten other compounds lifted lockdown before the announced end-date after residents complained, according to a Reuters tally of social media posts by residents.

Tyler Durden Sat, 11/26/2022 - 12:00

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The Doctor Who Can Rebuild Trust: Joseph Ladapo

The Doctor Who Can Rebuild Trust: Joseph Ladapo

Authored by Jeffrey Tucker via The Brownstone Institute,

If you are like me, you are exhausted…

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The Doctor Who Can Rebuild Trust: Joseph Ladapo

Authored by Jeffrey Tucker via The Brownstone Institute,

If you are like me, you are exhausted of the lies. Every day seems to bring new revelations about how our lives came to be upended. The connections are becoming clearer between the pandemic response and the growing economic crisis, the ballooning debt, the growth of the surveillance state, the corruption and scams, chilling absence of integrity in public life, and, with the failure of FTX, the way in which an outright financial scam was integral to the calamity. 

While we await new revelations, depositions, coverups, pleas for amnesty, and bad economic news, whom can we trust? Is anyone telling the truth? 

Today was Anthony Fauci’s last White House press conference, and he spoke as if life is all normal and everything is fine. It’s as if the whole disaster never happened. He never locked anyone down, he says. He has happy for any investigations, he says, because he has nothing to hide. And then he ended with a final push for everyone to get booster #5 or whatever number we are on. 

It’s like we live in two universes: our own lives in which we read true things in some places, and official life, in which shills and publicists keep repeating the same nonsense over and over without flinching or providing anything like an honest account of these last three years. 

Perhaps for this reason – and also because by any historical standard this is a tremendous autobiography – reading Dr. Joseph Ladapo’s Transcend Fear is a welcome relief from the nonsense of our times. It is brutally honest. It is emotionally affecting. It is careful and precise but also deeply radical in its observations. If what’s called the “public health world” has lost touch with both the public and health, this book provides a path to restoring it. In short, it is a beautiful and inspiring experience. 

Dr. Ladapo is the Surgeon General of the State of Florida, picked by Governor Ron DeSantis to forge and explain the state’s health decisions and priorities to the public in the midst of a grave crisis. He has faced down the national press time and time again with Zen-like wisdom. He seems emotionally unflappable while also sticking to the science as he understands it. He is the only public health official in the country who has been upfront about the limits of the vaccines and warned healthy young people that they don’t need them. 

What we learn from this book is that he has been a warrior against pseudoscience from the very beginning of this pandemic and the government response. After the lockdowns, most scientists and health professionals fell silent, fearing reputational and financial loss. Dr. Ladapo was different, On March 24, 2020, still within the window of “15 Days to Flatten the Curve,” he wrote in USA Today:

We are fretting and we are fuming. As a country, we have been caught miserably flat-footed after receiving warnings about what lay ahead when cases of Covid-19 began exploding in Wuhan, China. Messages from local and state leaders about how to respond to the pandemic change almost daily—a sure sign they have no idea what they are doing. Shutdowns are happening here in California and in New York, and will probably spread to the rest of the nation….

Here’s the problem: Because of the (understandable) fear and hysteria of the moment, few US leaders are seriously talking about the endgame. The epidemiologic models I’ve seen indicate that the shutdowns and school closures will temporarily slow the virus’ spread, but when they’re lifted, we will essentially emerge right back where we started. And, by the way, no matter what, our hospitals will still be overwhelmed. There has already been too much community spread to prevent this inevitability. 

We don’t have a totalitarian government like China, and we value our civil liberties too much to take the measures (i.e., total lockdown) that would be needed to rapidly decrease the infection rate to zero. This means that, even with shutdowns, the virus will still spread. Unfortunately, this also means that rates of “community immunity,” often referred to as “herd immunity,” will slow. As a result, we will always be vulnerable to the virus spreading rapidly again as soon as shutdown measures are lifted, unless they are immediately reimplemented—over and over and over again.

Was he the first post-lockdown voice from public health profoundly to object in a public forum of this magnitude? Perhaps so. Consider the bravery and presence of mind it required to write those sentences. The entire country was on a wartime footing with unprecedented horribles taking place. The media was screaming “Run for your lives” but most of us weren’t even allowed out of our homes to do that. 

These were utterly crazy times. The whole world was going bonkers. And yet this man kept his cool. 

This book explains where his cool comes from. You see, he is the son of an immigrant from Nigeria, born 1979. A math and science whiz, he attended Wake Forest and then entered Harvard Medical School. While he was involved in his studies, he noted the existence of the Kennedy School of Government and enrolled there too. On graduation day, he was granted a MD plus a PhD in public policy. So essentially: the highest credentials in two fields that this country offers. He became professor of medicine at New York University and then the University of California, Los Angeles. 

The trouble was that none of his training had prepared him to deal with medical issues closer to home, namely his wife’s unrelenting migraines that often landed her in the hospital and his own underlying psychological fears of social interaction. The details are very painful and told in this book with disarming detail. Long story short: his search for answers led him toward alternative medical paths that eventually fixed both issues, and burned a lesson in his mind. Health is individual, and the right path is not the same for everyone and not always found in expertise as codified in the textbooks and institutions. 

It was soon after these difficult times that the pandemic broke and, along with it, the claims that the experts had all the answers in lockdowns and eventual universal mandates for vaccination. 

Dr. Ladapo had meanwhile developed the self-confidence to speak about such matters truthfully and fearlessly. And he never stopped. He wrote for every venue he could, month after month, urging an end to the lockdowns, a focus on therapeutics, attention to the science we had, and genuine concern for the health of actual individuals, who are not lab rats but people with human rights and freedom. 

Even though Dr. Joseph Ladapo is obviously a hero (and one for the ages, so far as I’m concerned), the prose here is remarkably lucid, humble, and precise. That’s why I say that the humane concern in this book is an inspiration. Moreover, reading it is a form of therapy because he connects with a common sense that we all had in 2019 before the world descended into utter madness. 

What’s more, this book shows a path forward not only for public health but for all of us as individuals. He urges personal reflection as the first step in recovery, overcoming whatever hidden fears we had that caused too many among us to go along with the preposterous parade of dangerous nonsense that controlled our lives for so long. 

In my own view, this book is a classic of our times. Its value added is not only the author’s credentials, though he has them galore, or even how it speaks so directly to issues that have profoundly affected all our lives. Its real value is as a model of autobiography that offers lessons for all of us without exception. 

We at Brownstone are deeply honored that Dr. Ladapo will be our dinner speaker at our annual conference and gala in Miami, December 3, 2022. There is still time to attend. You can register here

I write as Dr. Fauci just finished his last press conference without offering so much as a hint of apology for what has happened. Meanwhile, I’m sure Dr. Ladapo is tending to his work in Florida where he has been charged with dealing with public health policy with honesty, truth, and wisdom. I know who gets my vote for hero of the pandemic. 

Tyler Durden Fri, 11/25/2022 - 16:00

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