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Best Penny Stocks to Buy Next Week? 7 For Your July List

Are these penny stocks worth watching next month?
The post Best Penny Stocks to Buy Next Week? 7 For Your July List appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.

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7 Penny Stocks to Watch in July 2021

Making a penny stocks watchlist for July? In order to do so, investors need to consider a few factors. First and foremost are the various geopolitical and economic factors at play right now. This includes the end of Covid, high vaccine rates, movement in the cryptocurrency industry, and fears of long-term inflation. Taking all of this into account will help to ensure that there are no unwanted surprises in your portfolio. 

[Read More] Hot Reopening Penny Stocks to Buy? 8 For Your Watchlist in 2021

The next thing to factor in is what your trading strategy is. Are you more focused on long-term holdings? Or is short-term swing trading your thing? Knowing the difference between these will help to guide your watchlist closer to your portfolio goals. With that in mind, a lot is going on with the entire list of penny stocks right now. And, to stay ahead, investors need to consider everything wholly. 

This article is a continuation of ‘Hot Penny Stocks to Buy? 3 to Watch As Vaccine Rates Hit New Highs’. So if you haven’t read it, go back and take a first look. With all of this considered, here are four more penny stocks to watch right now.

4 More Penny Stocks to Watch as Vaccine Rates Hit All-Time Highs 

  1. Globalstar Inc. (NYSE: GSAT) 
  2. BEST Inc. (NYSE: BEST) 
  3. Genius Brands International Inc. (NASDAQ: GNUS) 
  4. 1847 Goedeker Inc. (NYSE: GOED)

4. Globalstar Inc. (NYSE: GSAT)

Globalstar Inc. is a communications penny stock that provides mobile satellite services. It offers duplex two-way voice and data products such as mobile voice and data satellite communications. These are used for emergencies, remote business continuity, recreational use, and more. Rural villages and ships can also benefit from the company’s products and any business that operates off-grid. Its SPOT retail products such as the SPOT satellite GPS messenger have brought great success to the company in the past few years.

The latest update from Globalstar came from May 19th. This is when the company announced that it has partnered with Desert Vets Racing, which is an off-road racing organization. The company will enable communication and driver safety while off-roading in areas with no terrestrial connectivity.

“The partnership with Desert Vets Racing is a great fit for SPOT as we are able to provide reliable communication and connectivity. The organization has a great mission and SPOT is proud to help keep these impressive individuals safe while they are doing something to help better their lives while having a lot of fun.”

The CEO of Globalstar, Dave Kagan

GSAT stock has been increasing substantially in the market recently. Considering this, will you add GSAT to your list of penny stocks to watch?

5. BEST Inc. (NYSE: BEST)

BEST Inc. is an industrial company based in China. The company operates as a smart supply chain service provider. Its BEST Cloud technology platform enables its ecosystem participants to operate through various SaaS-based applications. The company applies its technology to network and route optimization applications as well as smart warehouses and store management.

[Read More] Best Penny Stocks to Buy Right Now? 15 To Watch In July

It offers integrated services and solutions across the supply chain as well. This includes offerings such as warehouse management and order fulfillment. On June 8th the company released its first-quarter financial results.

“Our first-quarter results reflected a mix of both the progress brought about by our November 2020 strategic refocusing plan and the ongoing challenges we are still facing.

Our execution of the strategic refocusing plan delivered substantial improvement in Freight, Supply Chain Management, and Global, as reflected in their top-line growth along with strong gross margin expansion.

We continued to solidify our leading position in the freight market while refocusing our efforts on high-margin accounts for Supply Chain Management.”

Founder, Chairman, and CEO Johnny Chou

The company’s revenue increased by 29.9% in this period. Additionally, in the last month, BEST stock has gone from $1.25 per share up to $1.78 per share on average. This has placed a lot of bullish sentiment on the company, which is further indicated by its higher than average trading volume. Whether this makes BEST stock worth keeping an eye on is up to you. 

Penny_Stocks_to_Watch_BEST_Inc._(BEST_Stock_Chart)

Genius Brands International Inc. (NASDAQ: GNUS)

Genius Brands International Inc. is a content and brand management company that creates and licenses multimedia content. Its content is created for the toddler-to-tween demographic and includes offerings such as Llama Llama, Rainbow Rangers, and much more. The company has seen a lot of positive momentum in 2021 so far. On June 8th it announced that it has joined the Russell 3000 index. Its official listing will take place on June 28th when the US market opens.

“We’re pleased to be included in the Russell 3000 and Russell 2000 Indexes, as we believe this reflects the dramatic growth we have experienced over the past year. In particular, our recently launched tentpole brand, Stan Lee’s Superhero Kindergarten, starring Arnold Schwarzenegger, has now surpassed 28 million views, averaging now over 4 million views per episode, making this one of the most highly viewed new cartoon launches in history.”

The CEO of Genius Brands, Andy Heyward

At the start of 2021, GNUS stock was at $1.36 per share on average. At one point GNUS stock went up past $3 per share earlier this year despite correcting shortly after. Throughout the year GNUS has seen a large number of spikes and dips, indicating high volatility. As of June 25th, the company is at $2.06 per share on average. So, will GNUS be on your list of penny stocks to watch in July?

Penny_Stocks_to_Watch_Genius_Brands_International_Inc_GNUS_Stock

1847 Goedeker Inc. (NYSE: GOED)

Home improvement has been a growing market in the last year, which has significantly helped 1847 Goedeker Inc. to outperform. 1847 Goedeker operates an e-commerce platform for appliances, furniture, fitness equipment, plumbing equipment, and much more. These are all items that have been in high demand because of the pandemic. During this time, many individuals decided to embark on home renovation projects given the large stay-at-home orders. This resulted in a massive demand spike for the products that 1847 Goedeker makes.

On June 16th, the company announced that it has continued strong second-quarter performance. Its May revenue broke company records up 41.9% to $44.3 million on a combined proforma basis. The company’s CEO Doug Moore said, “We continue to operate at more than a $500 million annual revenue run rate through May. While our fill rate of 61% remains well below our historical 85% rate, we continue to believe we will see a return to normal shipping trends as manufacturers catch production up to consumer demand in the latter part of the third quarter.”

Only five days ago GOED stock price was at $3.47 per share on average. Now on June 25th, GOED stock has reached around $4.31 per share on average. This huge momentum we’re witnessing with GOED stock has helped to greatly popularize GOED in the past few weeks. So will GOED make your list of penny stocks to watch?

Penny_Stocks_to_Watch_1847_Goedeker_Inc

Finding the Best Penny Stocks to Buy Can be Easy

By making a penny stocks watchlist, finding the best penny stocks to buy can be easier than previously imagined. Of course, it will take plenty of research and having a trading education won’t hurt.

[Read More] Trending Penny Stocks to Buy Right Now? 8 For Your Watchlist

But, to understand how the market moves and how to benefit, a watchlist will always be your best friend. Considering this, which penny stocks are on your watchlist for next week and into the rest of 2021?

To read about the other penny stocks on this list head to Hot Penny Stocks to Buy? 3 to Watch As Vaccine Rates Hit New Highs

The post Best Penny Stocks to Buy Next Week? 7 For Your July List appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.

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There Goes The Fed’s Inflation Target: Goldman Sees Terminal Rate 100bps Higher At 3.5%

There Goes The Fed’s Inflation Target: Goldman Sees Terminal Rate 100bps Higher At 3.5%

Two years ago, we first said that it’s only a matter…

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March 19, 2024

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There Goes The Fed's Inflation Target: Goldman Sees Terminal Rate 100bps Higher At 3.5%

Two years ago, we first said that it's only a matter of time before the Fed admits it is unable to rsolve the so-called "last mile" of inflation and that as a result, the old inflation target of 2% is no longer viable.

Then one year ago, we correctly said that while everyone was paying attention elsewhere, the inflation target had already been hiked to 2.8%... on the way to even more increases.

And while the Fed still pretends it can one day lower inflation to 2% even as it prepares to cut rates as soon as June, moments ago Goldman published a note from its economics team which had to balls to finally call a spade a spade, and concluded that - as party of the Fed's next big debate, i.e., rethinking the Neutral rate - both the neutral and terminal rate, a polite euphemism for the inflation target, are much higher than conventional wisdom believes, and that as a result Goldman is "penciling in a terminal rate of 3.25-3.5% this cycle, 100bp above the peak reached last cycle."

There is more in the full Goldman note, but below we excerpt the key fragments:

We argued last cycle that the long-run neutral rate was not as low as widely thought, perhaps closer to 3-3.5% in nominal terms than to 2-2.5%. We have also argued this cycle that the short-run neutral rate could be higher still because the fiscal deficit is much larger than usual—in fact, estimates of the elasticity of the neutral rate to the deficit suggest that the wider deficit might boost the short-term neutral rate by 1-1.5%. Fed economists have also offered another reason why the short-term neutral rate might be elevated, namely that broad financial conditions have not tightened commensurately with the rise in the funds rate, limiting transmission to the economy.

Over the coming year, Fed officials are likely to debate whether the neutral rate is still as low as they assumed last cycle and as the dot plot implies....

...Translation: raising the neutral rate estimate is also the first step to admitting that the traditional 2% inflation target is higher than previously expected. And once the Fed officially crosses that particular Rubicon, all bets are off.

... Their thinking is likely to be influenced by distant forward market rates, which have risen 1-2pp since the pre-pandemic years to about 4%; by model-based estimates of neutral, whose earlier real-time values have been revised up by roughly 0.5pp on average to about 3.5% nominal and whose latest values are little changed; and by their perception of how well the economy is performing at the current level of the funds rate.

The bank's conclusion:

We expect Fed officials to raise their estimates of neutral over time both by raising their long-run neutral rate dots somewhat and by concluding that short-run neutral is currently higher than long-run neutral. While we are fairly confident that Fed officials will not be comfortable leaving the funds rate above 5% indefinitely once inflation approaches 2% and that they will not go all the way back to 2.5% purely in the name of normalization, we are quite uncertain about where in between they will ultimately land.

Because the economy is not sensitive enough to small changes in the funds rate to make it glaringly obvious when neutral has been reached, the terminal or equilibrium rate where the FOMC decides to leave the funds rate is partly a matter of the true neutral rate and partly a matter of the perceived neutral rate. For now, we are penciling in a terminal rate of 3.25-3.5% this cycle, 100bps above the peak reached last cycle. This reflects both our view that neutral is higher than Fed officials think and our expectation that their thinking will evolve.

Not that this should come as a surprise: as a reminder, with the US now $35.5 trillion in debt and rising by $1 trillion every 100 days, we are fast approaching the Minsky Moment, which means the US has just a handful of options left: losing the reserve currency status, QEing the deficit and every new dollar in debt, or - the only viable alternative - inflating it all away. The only question we had before is when do "serious" economists make the same admission.

They now have.

And while we have discussed the staggering consequences of raising the inflation target by just 1% from 2% to 3% on everything from markets, to economic growth (instead of doubling every 35 years at 2% inflation target, prices would double every 23 years at 3%), and social cohesion, we will soon rerun the analysis again as the implications are profound. For now all you need to know is that with the US about to implicitly hit the overdrive of dollar devaluation, anything that is non-fiat will be much more preferable over fiat alternatives.

Much more in the full Goldman note available to pro subs in the usual place.

Tyler Durden Tue, 03/19/2024 - 15:45

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Household Net Interest Income Falls As Rates Spike

A Bloomberg article from this morning offered an excellent array of charts detailing the shifts in interest payment flows amid rising rates. The historical…

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2 hours ago

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March 19, 2024

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A Bloomberg article from this morning offered an excellent array of charts detailing the shifts in interest payment flows amid rising rates. The historical anomaly was both surprising and contradicted our priors.

10 Key Points:

  1. Historical Anomaly: This is the first time in the last fifty years that a Federal Reserve rate hike cycle has led to a significant drop in household net interest income.
  2. Interest Expense Increase: Since the Fed began raising rates in March 2022, Americans’ annual interest expenses on debts like mortgages and credit cards have surged by nearly $420 billion.
  3. Interest Income Lag: The increase in interest income during the same period was only about $280 billion, resulting in a net decline in household interest income, a departure from past trends.
  4. Consumer Debt Influence: The recent rate hikes impacted household finances more because of a higher proportion of consumer credit, which adjusts more quickly to rate changes, increasing interest costs.
  5. Banks and Savers: Banks have been slow to pass on higher interest rates to depositors, and the prolonged period of low rates before 2022 may have discouraged savers from actively seeking better returns.
  6. Shift in Wealth: There’s been a shift from interest-bearing assets to stocks, with dividends surpassing interest payments as a source of unearned income during the pandemic.
  7. Distributional Discrepancy: Higher interest rates benefit wealthier individuals who own interest-earning assets, whereas lower-income earners face the brunt of increased debt servicing costs, exacerbating economic inequality.
  8. Job Market Impact: Typically, Fed rate hikes affect households through the job market, as businesses cut costs, potentially leading to layoffs or wage suppression, though this hasn’t occurred yet in the current cycle.
  9. Economic Impact: The distribution of interest income and debt servicing means that rate increases transfer money from those more likely to spend (and thus stimulate the economy) to those less likely to increase consumption, potentially dampening economic activity.
  10. No Immediate Relief: Expectations for the Fed to reduce rates have diminished, indicating that high-interest expenses for households may persist.

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One more airline cracks down on lounge crowding in a way you won’t like

Qantas Airways is increasing the price of accessing its network of lounges by as much as 17%.

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2 hours ago

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March 19, 2024

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Over the last two years, multiple airlines have dealt with crowding in their lounges. While they are designed as a luxury experience for a small subset of travelers, high numbers of people taking a trip post-pandemic as well as the different ways they are able to gain access through status or certain credit cards made it difficult for some airlines to keep up with keeping foods stocked, common areas clean and having enough staff to serve bar drinks at the rate that customers expect them.

In the fall of 2023, Delta Air Lines  (DAL)  caught serious traveler outcry after announcing that it was cracking down on crowding by raising how much one needs to spend for lounge access and limiting the number of times one can enter those lounges.

Related: Competitors pushed Delta to backtrack on its lounge and loyalty program changes

Some airlines saw the outcry with Delta as their chance to reassure customers that they would not raise their fees while others waited for the storm to pass to quietly implement their own increases.

A photograph captures a Qantas Airways lounge in Sydney, Australia.

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This is how much more you'll have to pay for Qantas lounge access

Australia's flagship carrier Qantas Airways  (QUBSF)  is the latest airline to announce that it would raise the cost accessing the 24 lounges across the country as well as the 600 international lounges available at airports across the world through partner airlines.

More Travel:

Unlike other airlines which grant access primarily after reaching frequent flyer status, Qantas also sells it through a membership — starting from April 18, 2024, prices will rise from $600 Australian dollars ($392 USD)  to $699 AUD ($456 USD) for one year, $1,100 ($718 USD) to $1,299 ($848 USD) for two years and $2,000 AUD ($1,304) to lock in the rate for four years.

Those signing up for lounge access for the first time also currently pay a joining fee of $99 AUD ($65 USD) that will rise to $129 AUD ($85 USD).

The airline also allows customers to purchase their membership with Qantas Points they collect through frequent travel; the membership fees are also being raised by the equivalent amount in points in what adds up to as much as 17% — from 308,000 to 399,900 to lock in access for four years.

Airline says hikes will 'cover cost increases passed on from suppliers'

"This is the first time the Qantas Club membership fees have increased in seven years and will help cover cost increases passed on from a range of suppliers over that time," a Qantas spokesperson confirmed to Simple Flying. "This follows a reduction in the membership fees for several years during the pandemic."

The spokesperson said the gains from the increases will go both towards making up for inflation-related costs and keeping existing lounges looking modern by updating features like furniture and décor.

While the price increases also do not apply for those who earned lounge access through frequent flyer status or change what it takes to earn that status, Qantas is also introducing even steeper increases for those renewing a membership or adding additional features such as spouse and partner memberships.

In some cases, the cost of these features will nearly double from what members are paying now.

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