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Best Penny Stocks To Buy Now? 4 Monkeypox Stocks To Watch This Week

Monkeypox penny stocks to watch this week.
The post Best Penny Stocks To Buy Now? 4 Monkeypox Stocks To Watch This Week appeared first on Penny Stocks…

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Monkeypox stocks are beginning to capture broad market attention, and, yes, penny stocks are among the most speculated upon. But there are a few things you have to understand when approaching this niche. Like COVID stocks, more assumptions are being made about “what might happen” than are actually confirmed.

We saw this occur with several of the hottest monkeypox stocks this quarter. Namely, Siga Technologies Inc. (NASDAQ: SIGA) and several other companies developing potential treatments. While many have enjoyed significant moves higher, most are trading far off their highs.

Why are some monkeypox stocks down right now?

It has to do with comments from the FDA. In Siga’s case, the Administration came out and said that Siga’s Tpoxx had no human data demonstrating the efficacy of the treatment for monkeypox. In addition, the FDA also explained that it already has an FDA-approved vaccine for preventing monkeypox disease and an FDA-cleared diagnostic test.

So why are other monkeypox stocks trending in the stock market today? Much like the coronavirus pandemic, where only a few vaccines gained mass adoption, it was diagnostic companies and ones developing preventative platforms that continued capturing attention. Think back to disinfecting companies, mask businesses, and testing & diagnostic companies. These tended to trend a bit longer after the market decided there were viable drugs and drugmakers to watch. Is this the case today?

Monkeypox Stocks To Watch

Headlines spanning the globe have highlighted the spread of the virus. Today French Health Minister Francois Braun said 2,271 people were now infected with monkeypox in France. This comes after California declared a State of Emergency over the outbreak earlier this week. They are the latest state to join the growing roster following this course of action. Illinois and New York have also declared states of emergency.

“Monkeypox is a rare disease caused by infection with the monkeypox virus…[it] is part of the same family of viruses as variola virus, the virus that causes smallpox. Monkeypox symptoms are similar to smallpox symptoms, but milder, and monkeypox is rarely fatal….[it] is not related to chickenpox,” the CDC notes on its website.

Some preventative suggestions offered by the CDC include home disinfection, testing, and personal protective equipment, among other things. In light of this, and that nearly every state in the United States has recorded cases, monkeypox stocks remain a focus. This time, it might be more of a “picks and shovels” as opposed to a vaccine treatment development point of interest.

Best Penny Stocks To Buy

Thanks to the breakout of stocks like HKD, AMTD, and others, small-cap stocks and penny stocks, in general, have gained a very bright spotlight. The “monkeypox prevention stocks” came about today thanks to a big move in Applied DNA (NASDAQ: APDN).

Shares of APDN stock exploded after the company announced that it began analytical validation of a PCR-based monkeypox virus test. If it gets validated, the company has plans to submit a package to the New York State Department of Health for approval. As of its postmarket highs of $5.68 on Tuesday, APDN stock made a move of 787% from its premarket lows of just $0.64.

[Read More] 4 Penny Stocks To Watch After HKD Stock Explodes Over 2000%

If this sympathy sentiment is something that has piqued your interest, it’s essential to understand that speculation is playing a significant role right now. Given this as the case, there’s no shortage of volatility and potential for big moves in either direction, as we’ve seen with the likes of SIGA stock and others.

  1. Chembio Diagnostics Inc. (NASDAQ: CEMI)
  2. Aethlon Medical (NASDAQ: AEMD)
  3. E-Home Household Service Holdings Ltd. (NASDAQ: EJH)
  4. Tonix Pharmaceuticals (NASDAQ: TNXP)

Chembio Diagnostics Inc. (NASDAQ: CEMI)

Shares of Chembio (CEMI Stock Report)caught a massive surge in trading activity in the stock market today. CEMI stock traded its highest single-day volume in 2022 on August 2nd. The company offers point-of-care diagnostic services focused on infectious diseases. With a speculative focus, it had several keywords that helped trigger the attention of those looking for companies in this niche of monkeypox stocks.

Given the list of panels that Chembio currently offers, CEMI stock may be gaining some speculative momentum as a result. The company has stated that its DPP technology also offers broad market applications beyond infectious disease. Though, there is not a direct link to monkeypox itself. With upcoming earnings this week, it will be interesting to see if Chembio comments on how it may (or may not) be addressing the uptick in monkeypox cases and if it will work toward developing a viable solution.

Aethlon Medical (NASDAQ: AEMD)

Aethlon’s (AEMD Stock Report) pipeline of treatments targets organ-threatening diseases. Its Hemopurifier has been studied to fight future COVID-19 variants that can impact the efficacy of certain vaccines. It was given Breakthrough Device status in treating patients with metastatic cancer, and an Investigational Device Exemption was granted in 2019 for cancer. It was also updated to include a clinical study of patients with viral infections, including COVID.

Unlike Chembio, there has been mention of monkeypox directly. Aethlon says that “pre-clinical Hemopurifier studies have validated the broad-spectrum capture of numerous viral threats. These include Chikungunya, Dengue and West Nile virus, as well as Vaccinia and Monkeypox, which serve as models for human Smallpox infection.”

Given this link, AEMD stock could be on the list of penny stocks to watch as monkeypox cases increase.

E-Home Household Service Holdings Ltd. (NASDAQ: EJH)

Shares of E-Home Household (EJH Stock Report) have traded higher since it released news on July 27th linking it to monkeypox. The company offers household services in China. Everything from housekeeping and nannying to elderly and hospital care fall in its basket of services. However, late last month, E-Home announced monkeypox-related news, placing it on the radar for some traders.

[Read More] Best Penny Stocks To Buy Now? 4 To Watch As APDN Stock Jumps 230%+

E-Home reported that it would explore potential monkeypox treatment programs. Its subsidiary, Zhongrun (Fujian) Pharmaceutical Co., Ltd., specializes in personal care products specific to Chinese medicine. Wenshan Xie, Chairman and CEO of E-Home, expanded on the update saying, “Traditional Chinese medicines have been relied upon for thousands of years and have the capacity to treat a large variety of illnesses. I believe we have an important opportunity to leverage Zhongrun’s strength in the area of traditional Chinese medicine to uncover potential treatment options for the monkeypox virus.”

Though vague and still “exploratory” in nature, that July headline puts EJH on the list of monkeypox stocks to watch.

Tonix Pharmaceuticals (NASDAQ: TNXP)

While some monkeypox treatment stocks have fallen out of favor, others remain in focus. Tonix Pharmaceuticals (TNXP Stock Report) is one of these companies, and shares surged during postmarket trading on August 2nd.

The company’s infectious disease pipeline includes developing a vaccine to prevent smallpox and monkeypox called TNX-801. TNXP stock is on the radar as more cases pop up globally. Tonix also announced a new collaboration with the Kenya Medical Research Institute for developing TNX-801 as a vaccine for the prevention of monkeypox and smallpox infection. A Phase 1 clinical study could begin during the first half of 2023, said Tonix in a July PR. Regardless of the longer-term timing, TNXP stock has been one of the monkeypox stocks on the watch list over the last few weeks.

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The post Best Penny Stocks To Buy Now? 4 Monkeypox Stocks To Watch This Week appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.

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Spread & Containment

$265 Billion In Added Value To Evaporate From Germany Economy Amid Energy Crisis, Study Warns

$265 Billion In Added Value To Evaporate From Germany Economy Amid Energy Crisis, Study Warns

A new report published by the Employment Research…

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$265 Billion In Added Value To Evaporate From Germany Economy Amid Energy Crisis, Study Warns

A new report published by the Employment Research (IAB) on Tuesday outlines how Germany's economy will lose a whopping 260 billion euros ($265 billion) in added value by the end of the decade due to high energy prices sparked by Russia's invasion of Ukraine which will have severe ramifications on the labor market, according to Reuters

IAB said Germany's price-adjusted GDP could be 1.7% lower in 2023, with approximately 240,000 job losses, adding labor market turmoil could last through 2026. It expects the labor market will begin rehealing by 2030 with 60,000 job additions.

The report pointed out the hospitality industry will be one of the biggest losers in the coming downturn that the coronavirus pandemic has already hit. Consumers who have seen their purchasing power collapse due to negative real wage growth as the highest inflation in decades runs rampant through the economy will reduce spending. 

IAB said energy-intensive industries, such as chemical and metal industries, will be significantly affected by soaring power prices. 

In one scenario, IAB said if energy prices, already up 160%, were to double again, Germany's economic output would crater by nearly 4% than it would have without energy supply disruptions from Russia. Under this assumption, 660,000 fewer people would be employed after three years and still 60,000 fewer in 2030. 

This week alone, German power prices hit record highs as a heat wave increased demand, putting pressure on energy supplies ahead of winter. 

Rising power costs are putting German households in economic misery as economic sentiment across the euro-area economy tumbled to a new record low. What happens in Germany tends to spread to the rest of the EU. 

There are concerns that a sharp weakening of growth in Germany could trigger stagflation as German inflation unexpectedly re-accelerated in July, with EU-Harmonized CPI rising 8.5% YoY. 

Germany is facing an unprecedented energy crisis as Russian natural gas cuts via the Nord Stream 1 pipeline will reverse the prosperity many have been accustomed to as the largest economy in Europe. 

"We are facing the biggest crisis the country has ever had. We have to be honest and say: First of all, we will lose the prosperity that we have had for years," Rainer Dulger, head of the Confederation of German Employers' Associations, warned last month. 

Besides Dulger, Economy Minister Robert Habeck warned of a "catastrophic winter" ahead over Russian NatGas cut fears.

Other officials and experts forecast bankruptcies, inflation, and energy rationing this winter that could unleash a tsunami of shockwaves across the German economy.  

Yasmin Fahimi, the head of the German Federation of Trade Unions, warned last month:

"Because of the NatGas bottlenecks, entire industries are in danger of permanently collapsing: aluminum, glass, the chemical industry." 

IAB's report appears to be on point as the German economy seems to be diving head first into an economic crisis. Much of this could've been prevented, but Europe and the US have been so adamant about slapping Russia with sanctions that have embarrassingly backfired. 

Tyler Durden Wed, 08/10/2022 - 04:15

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International

“Anything But A Cashless Society”: Physical Money Makes Comeback As UK Households Battle Inflation

"Anything But A Cashless Society": Physical Money Makes Comeback As UK Households Battle Inflation

The World Economic Forum (WEF) has been…

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"Anything But A Cashless Society": Physical Money Makes Comeback As UK Households Battle Inflation

The World Economic Forum (WEF) has been pushing hard for a 'cashless society' in a post-pandemic world, though physical money has made a comeback in at least one European country as consumers increasingly use notes and coins to help them balance household budgets amid an inflationary storm

Britain's Post Office released a report Monday that revealed even though the recent accelerated use of cards and digital payments on smartphones, demand for cash surged this summer, according to The Guardian. It said branches handled £801mln in personal cash withdrawals in July, an increase of 8% over June. The yearly change on last month's figures was up 20% versus the July 2021 figure of £665mln.

Across the Post Office's 11,500 branches, £3.31bln in cash was deposited and withdrawn in July -- a record high for any month dating back over three centuries of operations. 

The report pointed out that increasing physical cash demand was primarily due to more people managing their budgets via notes and coins on a "day-by-day basis." It said some withdrawals were from vacationers needing cash for "staycations" in the UK. About 600,000 cash payouts totaling £90mln were from people who received power bill support from the government, the Post Office noted. 

Britain is "anything but a cashless society," according to the Post Office's banking director Martin Kearsley.

"We're seeing more and more people increasingly reliant on cash as the tried and tested way to manage a budget. Whether that's for a staycation in the UK or if it's to help prepare for financial pressures expected in the autumn, cash access in every community is critical," Kearsley said.

We noted in February 2021, UK's largest ATM network saw plummeting demand as consumers reduced cash usage. At the time, we asked this question: "How long will the desire for good old-fashioned bank notes last?

... and the answer is not long per the Post Office's new report as The Guardian explains: "inflation going up and many bills expected to rise further – has led a growing numbers of people to turn once again to cash to help them plan their spending." 

So much for WEF, central banks, and major corporations pushing for cashless societies worldwide, more importantly, trying to usher in a hyper-centralized CBDC dystopia. With physical cash back in style in the UK, the move towards a cashless society could be a much more challenging task for elites than previously thought. 

Tyler Durden Wed, 08/10/2022 - 02:45

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International

Something Just Doesn’t Add Up In Chinese Trade Data

Something Just Doesn’t Add Up In Chinese Trade Data

By Ye Xie, Bloomberg markets live commentator and reporter

An unusual discrepancy has…

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Something Just Doesn’t Add Up In Chinese Trade Data

By Ye Xie, Bloomberg markets live commentator and reporter

An unusual discrepancy has showed up in two sets of trade data in China. Depending on which official sources you use, China’s trade surplus, could either be overstated or under-reported by a staggering $166 billion over the past year.

China watchers cannot fully explain the mystery. It’s as if Chinese residents bought a lot of stuff overseas, and instead of shipping the items home, they were kept abroad for some reason.  

China’s exports have been surprisingly resilient, despite a slowing global economy and Covid disruptions. On Monday, General Administration of Customs data showed China’s exports increased 18% in July from a year earlier. In contrast, imports grew only 2.3%, reflecting weak domestic demand.

The result is China’s trade surplus keeps swelling, which has underpinned the yuan by offsetting capital outflows. The surplus over the past year amounted to a record $864 billion, more than double the level at the end of 2019.

But when comparing the Customs data with that from the State Administration of Foreign Exchange (SAFE), a different picture emerges. The SAFE data shows the surplus is growing at a much slower pace -- about 20% less than the customs figure

The two data sets used to track each other closely. SAFE typically reports fewer imports, thus a higher surplus, because it excludes costs, insurance and freight from the value of goods imported, in line with the international standard practice, Adam Wolfe, an economist at Absolute Strategy Research, noted.

The other adjustments that SAFE does include:

  • It only records transactions that involve a change of ownership;
  • It adjusts for returned items;
  • It adds goods bought and resold abroad that don’t cross China’s border, but result in income for a Chinese entity -- a practice known  as “merchanting.”

The relationship between the two data sets has flipped since 2021, as SAFE reported higher imports, resulting in a smaller surplus than the Customs data.

It’s particularly odd because it happened at a time when shipping costs skyrocketed. When SAFE removes freight and insurance costs, it would have resulted in even lower, not higher, imports.

Taken at face value, the discrepancy suggests that somebody in China “bought” lots of goods from abroad, but they have never arrived in China. These transactions would be recorded by SAFE as imports, but not at the Customs office.

Craig Botham at Pantheon Macroeconomics, suspects that Covid-19 may be playing a role here. Foreign firms unable to manufacture in factories elsewhere during the pandemic might have transferred materials to China for assembly, a transaction excluded by SAFE.

Could Chinese buyers overstate their foreign purchases to SAFE, which regulates the capital account, so they can move money out of the country? The cross-border transactions show there was widespread overpaying for imports in 2014-2015, during a period of intense capital flight, but not at the moment, Wolfe pointed out.

Source: Absolute Strategy Research

The bottom line is that there aren’t many good explanations. As Alex Etra, a senior strategist at Exante Data, said, there’s “no smoking gun” to suggest something fishy is going on.

It’s another mysterious puzzle waiting to be solved.

Tyler Durden Tue, 08/09/2022 - 22:28

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