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Best Penny Stocks To Buy Now? 7 To Watch This Week

What are the best penny stocks to buy this week?
The post Best Penny Stocks To Buy Now? 7 To Watch This Week appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.

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7 Hot Penny Stocks For Your Watch List This Week

Here we are at the start of a brand new week in the stock market. Penny stocks are at the top of mind for thousands of traders right now. Thanks to the excitement surrounding them, these cheap stocks continue growing in popularity. There are few places where you can find an investment option that can climb in price hundreds of percentage points in a few hours or climb thousands of percentage points in a few weeks or even days.

Aside from their potential for short-term breakouts, penny stocks also offer another perspective for investors to have. This is the opportunity to buy into early-stage companies. Penny stocks are at the prices they trade at for a reason. In many cases, these companies are just starting out, are in their emerging stages, or are developing early growth initiatives. Then again, as we saw from the pandemic in 2020, large companies can become penny stocks if they fall on hard times.

Gamestop (NYSE: GME) and AMC Entertainment (NYSE: AMC) are two shining examples of how penny stock companies falling on hard times can reemerge as market leaders. The percentage gains that accompany instances like this can be life-changing. Both GME and AMC stock have climbed thousands of percentage points over the last 12 months. They also continue captivating the interests of retail traders worldwide.

Obviously, not all penny stocks experience such massive rallies. But even with that as the case, that doesn’t mean market-beating gains of 30% or more are a bad thing either. Heading into the last full week of June there are several trending stocks to watch right now. Will they be on the list to buy or avoid? I’ll let you decide.

7 Penny Stocks To Buy [or avoid]

  1. CarLotz Inc. (NASDAQ: LOTZ)
  2. Amarin Corporation (NASDAQ: AMRN)
  3. Aeterna Zentaris Inc. (NASDAQ: AEZS)
  4. Globus Maritime Limited (NASDAQ: GLBS)
  5. Intec Pharma Ltd. (NASDAQ: NTEC)
  6. DURECT Corporation (NASDAQ: DRRX)
  7. MediWound Ltd. (NASDAQ: MDWD)

Penny Stocks To Buy [or avoid] #1: CarLotz Inc. (NASDAQ: LOTZ)

CarLotz just left the penny stocks range after plummeting to lows of $4.06 last month. Believe it or not, LOTZ stock traded as high as $12.90 earlier this year. An earnings miss sent shares into a freefall in May. Even though that was the case, the “consignment-to-retail used vehicle marketplace” recorded record revenue and retail unit sales in the first quarter. However, retail gross profit per unit declined.

[Read More] 10 Top Penny Stocks On Robinhood To Watch Right Now Before July 2021

Needless to say, with reopening triggering a bottleneck in supply chains across industries, automotive companies are gaining some appeal. LOTZ stock joins the Russell 3000 at the end of the month. Thanks to this added attention, it could be one of the reopening penny stocks to watch during the final stretch of June.

2. Amarin Corporation (NASDAQ: AMRN)

Shares of Amarin mimicked a similar trend as LOTZ. The penny stock surged as high as $9.25 before pulling back during the months to follow. The company’s VASCEPA® product has been at the center of attention. It’s being used in reducing the risk of Major Adverse Cardiovascular Events. Last month the company presented details on VASCEPA® and its unique active ingredient-related scientific findings at the American College of Cardiology’s 70th Annual Scientific Session.

Steven Ketchum, Ph.D., senior vice president, president of research & development, and chief scientific officer, Amarin explained, “…We are hopeful that our continued support of robust scientific presentation of the clinical effects and unique multifactorial mechanisms of action of icosapent ethyl will lead to a greater understanding and usage of this important product to help appropriate at-risk patients.”

The company has been making presentations at several investor conferences this month. These have included the Goldman Sachs Global Healthcare Conference and Jefferies’ Virtual Healthcare Conference.

best penny stocks to buy right now Amarin Corporation AMRN stock chart

3. Aeterna Zentaris Inc. (NASDAQ: AEZS)

One of the “cheap penny stocks” on this list is Aeterna Zentaris. Trading under $1 right now, AEZS stock has gained attention this year thanks to reaching a few key milestones. The company develops specialty biopharmaceuticals working on commercializing therapeutics and diagnostic tests. Aeterna recently began its previously announced preclinical program to qualify its candidate, macimorelin, for clinical development as a potential treatment option for amyotrophic lateral sclerosis (ALS; Lou Gehrig’s disease).

This is part of its Material Transfer Agreement with The University of Queensland. Researchers will handle preclinical studies in disease-related in-vitro and in-vivo models for demonstrating the potential of macimorelin on disease progression. According to Aeterna, this candidate is the only FDA-approved oral drug indicated for diagnosing adult growth hormone deficiency. It’s also currently marketed in the U.S. under the trade name Macrilen by Novo Nordisk (NYSE: NVO).

Aside from macimorelin, the company is also conducting in-vitro and in-vivo assessments to identify and characterize an AIM Biologicals-based development candidate for treating neuromyelitis optica spectrum disorder that affects the central nervous system.

best penny stocks to buy right now Aeterna Zentaris AEZS stock chart

Penny Stocks To Buy [or avoid] #4: Globus Maritime Limited (NASDAQ: GLBS)

Shipping stocks have become a focus for retail traders this quarter. As discussed earlier, hiccups in the global supply chain have put stress on certain industries. However, shipping has actually benefited from what some are calling the “reflation” trade. Increased demand for goods has helped give many of these industry stocks a boost, Globus included.

Last week just after Friday’s closing bell, the company released its latest round of earnings. Sales were up year-over-year from $2.29 million to $5.17 million this quarter. Furthermore, Globus managed to narrow its EPS loss from $0.75 to $0.15 in the latest quarter. Management explained, “We believe the market looks healthy today with the foreseeable future looking bright. The signals and information we receive regarding the supply and demand balance illustrate a positive picture for the industry well into 2023; past that point, we will have to monitor the newbuilding market and the potential supply to be added in the market in order to reassess.”

With a rise in global trade, shipping stocks like GLBS could be on the watch list.

best penny stocks to buy right now Globus Maritime GLBS stock chart

5. Intec Pharma Ltd. (NASDAQ: NTEC)

What’s a list of penny stocks without at least one cannabis company? Intec Pharma is on the medical/biotech side of the industry. While the newswires have been relatively quiet for the company, that hasn’t stopped traders from flipping shares in the market. Since mid-May, NTEC stock has steadily climbed from $3.25 to highs last week of $5.09.

Heading into the week, the penny stock is coming off of a strong volume trend. Speculation has also played its part in the move that Intec has made in the market. Merger news continues buzzing. Last month a proxy statement was filed showing details of a proposed merger with Decoy Biosystems, Inc. Considering that this special meeting of shareholders is being held on June 21st, timing has clearly become the center point of focus over the last few days. Since Monday is the day, NTEC could be one of the marijuana stocks to watch at the top of the week.

best penny stocks to buy right now Intec Pharma NTEC stock chart

6. DURECT Corporation (NASDAQ: DRRX)

Intec isn’t the only company with an upcoming event to be aware of. DURECT Corporation presents two posters at the 2021 International Liver Conference at the end of the week starting June 23rd.

The first poster will discuss efficacy data from a Phase 1b clinical study of DURECT’s orally administered DUR-928 in nonalcoholic steatohepatitis patients. Previous data has already shown that DUR-928 was well tolerated at all three doses evaluated. There was also an overall improvement from baseline observed in liver enzymes, serum lipid profiles, liver fat by imaging, and biomarkers of liver health.

[Read More] What Are Penny Stocks And Should You Invest in Them?

Its second poster covers data from a Phase 1 study assessing the safety, tolerability, pharmacokinetics of DUR-928 in subjects with moderate and severe hepatic impairment who received a single oral dose of 200mg DUR-928. While there are still a few days before these presentations, DRRX stock could be on the radar of some trades early in the week.

best penny stocks to buy right now DURECT Corporation DRRX stock chart

7. MediWound Ltd. (NASDAQ: MDWD)

MediWound is also expected to offer data soon. The company’s Biologics License Applications was accepted by the U.S. FDA last year for the company’s NexoBrid® candidate. This is targeting eschar removal in adults with deep partial-thickness and/or full-thickness thermal burns. The important thing to note about this is that the FDA assigned a Prescription Drug User Fee Act (PDUFA) target date of June 29, 2021. While this isn’t exactly the week it happens, it is interesting to see the current trend in MDWD stock leading up to this date.

Since the start of June, MediWound shares have been on the move. In fact, from June 1st to June 18th, MDWD stock is up nearly 40% so far. Volume has also been trending t above-average levels. The company recently completed patient enrollment for an interim assessment of its EscharEx treatment in a phase 2 study. It’s designed to treat venous leg ulcers, and the interim assessment is expected by the end of July 2021. So with multiple potential milestones to look out for, it could be one name that traders watch heading into July.

best penny stocks to buy right now MediWound Ltd. MDWD stock chart

Penny Stocks This Week

This is the last full week of the second quarter of the year. With almost half of 2021 behind us already, new trends have emerged. Reopening stocks, “reflation” stocks, health & biotech, as well as industries like cannabis remain a focus for retail traders. We also can’t forget about the whole meme stock craze the remains a driving force in the retail market. As we look ahead, it’s important to know which trends are not only pushing market momentum but also identify emerging ones as well.

The post Best Penny Stocks To Buy Now? 7 To Watch This Week appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.

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Analyst reviews Apple stock price target amid challenges

Here’s what could happen to Apple shares next.

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They said it was bound to happen.

It was Jan. 11, 2024 when software giant Microsoft  (MSFT)  briefly passed Apple  (AAPL)  as the most valuable company in the world.

Microsoft's stock closed 0.5% higher, giving it a market valuation of $2.859 trillion. 

It rose as much as 2% during the session and the company was briefly worth $2.903 trillion. Apple closed 0.3% lower, giving the company a market capitalization of $2.886 trillion. 

"It was inevitable that Microsoft would overtake Apple since Microsoft is growing faster and has more to benefit from the generative AI revolution," D.A. Davidson analyst Gil Luria said at the time, according to Reuters.

The two tech titans have jostled for top spot over the years and Microsoft was ahead at last check, with a market cap of $3.085 trillion, compared with Apple's value of $2.684 trillion.

Analysts noted that Apple had been dealing with weakening demand, including for the iPhone, the company’s main source of revenue. 

Demand in China, a major market, has slumped as the country's economy makes a slow recovery from the pandemic and competition from Huawei.

Sales in China of Apple's iPhone fell by 24% in the first six weeks of 2024 compared with a year earlier, according to research firm Counterpoint, as the company contended with stiff competition from a resurgent Huawei "while getting squeezed in the middle on aggressive pricing from the likes of OPPO, vivo and Xiaomi," said senior Analyst Mengmeng Zhang.

“Although the iPhone 15 is a great device, it has no significant upgrades from the previous version, so consumers feel fine holding on to the older-generation iPhones for now," he said.

A man scrolling through Netflix on an Apple iPad Pro. Photo by Phil Barker/Future Publishing via Getty Images.

Future Publishing/Getty Images

Big plans for China

Counterpoint said that the first six weeks of 2023 saw abnormally high numbers with significant unit sales being deferred from December 2022 due to production issues.

Apple is planning to open its eighth store in Shanghai – and its 47th across China – on March 21.

Related: Tech News Now: OpenAI says Musk contract 'never existed', Xiaomi's EV, and more

The company also plans to expand its research centre in Shanghai to support all of its product lines and open a new lab in southern tech hub Shenzhen later this year, according to the South China Morning Post.

Meanwhile, over in Europe, Apple announced changes to comply with the European Union's Digital Markets Act (DMA), which went into effect last week, Reuters reported on March 12.

Beginning this spring, software developers operating in Europe will be able to distribute apps to EU customers directly from their own websites instead of through the App Store.

"To reflect the DMA’s changes, users in the EU can install apps from alternative app marketplaces in iOS 17.4 and later," Apple said on its website, referring to the software platform that runs iPhones and iPads. 

"Users will be able to download an alternative marketplace app from the marketplace developer’s website," the company said.

Apple has also said it will appeal a $2 billion EU antitrust fine for thwarting competition from Spotify  (SPOT)  and other music streaming rivals via restrictions on the App Store.

The company's shares have suffered amid all this upheaval, but some analysts still see good things in Apple's future.

Bank of America Securities confirmed its positive stance on Apple, maintaining a buy rating with a steady price target of $225, according to Investing.com

The firm's analysis highlighted Apple's pricing strategy evolution since the introduction of the first iPhone in 2007, with initial prices set at $499 for the 4GB model and $599 for the 8GB model.

BofA said that Apple has consistently launched new iPhone models, including the Pro/Pro Max versions, to target the premium market. 

Analyst says Apple selloff 'overdone'

Concurrently, prices for previous models are typically reduced by about $100 with each new release. 

This strategy, coupled with installment plans from Apple and carriers, has contributed to the iPhone's installed base reaching a record 1.2 billion in 2023, the firm said.

More Tech Stocks:

Apple has effectively shifted its sales mix toward higher-value units despite experiencing slower unit sales, BofA said.

This trend is expected to persist and could help mitigate potential unit sales weaknesses, particularly in China. 

BofA also noted Apple's dominance in the high-end market, maintaining a market share of over 90% in the $1,000 and above price band for the past three years.

The firm also cited the anticipation of a multi-year iPhone cycle propelled by next-generation AI technology, robust services growth, and the potential for margin expansion.

On Monday, Evercore ISI analysts said they believed that the sell-off in the iPhone maker’s shares may be “overdone.”

The firm said that investors' growing preference for AI-focused stocks like Nvidia  (NVDA)  has led to a reallocation of funds away from Apple. 

In addition, Evercore said concerns over weakening demand in China, where Apple may be losing market share in the smartphone segment, have affected investor sentiment.

And then ongoing regulatory issues continue to have an impact on investor confidence in the world's second-biggest company.

“We think the sell-off is rather overdone, while we suspect there is strong valuation support at current levels to down 10%, there are three distinct drivers that could unlock upside on the stock from here – a) Cap allocation, b) AI inferencing, and c) Risk-off/defensive shift," the firm said in a research note.

Related: Veteran fund manager picks favorite stocks for 2024

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Major typhoid fever surveillance study in sub-Saharan Africa indicates need for the introduction of typhoid conjugate vaccines in endemic countries

There is a high burden of typhoid fever in sub-Saharan African countries, according to a new study published today in The Lancet Global Health. This high…

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There is a high burden of typhoid fever in sub-Saharan African countries, according to a new study published today in The Lancet Global Health. This high burden combined with the threat of typhoid strains resistant to antibiotic treatment calls for stronger prevention strategies, including the use and implementation of typhoid conjugate vaccines (TCVs) in endemic settings along with improvements in access to safe water, sanitation, and hygiene.

Credit: IVI

There is a high burden of typhoid fever in sub-Saharan African countries, according to a new study published today in The Lancet Global Health. This high burden combined with the threat of typhoid strains resistant to antibiotic treatment calls for stronger prevention strategies, including the use and implementation of typhoid conjugate vaccines (TCVs) in endemic settings along with improvements in access to safe water, sanitation, and hygiene.

 

The findings from this 4-year study, the Severe Typhoid in Africa (SETA) program, offers new typhoid fever burden estimates from six countries: Burkina Faso, Democratic Republic of the Congo (DRC), Ethiopia, Ghana, Madagascar, and Nigeria, with four countries recording more than 100 cases for every 100,000 person-years of observation, which is considered a high burden. The highest incidence of typhoid was found in DRC with 315 cases per 100,000 people while children between 2-14 years of age were shown to be at highest risk across all 25 study sites.

 

There are an estimated 12.5 to 16.3 million cases of typhoid every year with 140,000 deaths. However, with generic symptoms such as fever, fatigue, and abdominal pain, and the need for blood culture sampling to make a definitive diagnosis, it is difficult for governments to capture the true burden of typhoid in their countries.

 

“Our goal through SETA was to address these gaps in typhoid disease burden data,” said lead author Dr. Florian Marks, Deputy Director General of the International Vaccine Institute (IVI). “Our estimates indicate that introduction of TCV in endemic settings would go to lengths in protecting communities, especially school-aged children, against this potentially deadly—but preventable—disease.”

 

In addition to disease incidence, this study also showed that the emergence of antimicrobial resistance (AMR) in Salmonella Typhi, the bacteria that causes typhoid fever, has led to more reliance beyond the traditional first line of antibiotic treatment. If left untreated, severe cases of the disease can lead to intestinal perforation and even death. This suggests that prevention through vaccination may play a critical role in not only protecting against typhoid fever but reducing the spread of drug-resistant strains of the bacteria.

 

There are two TCVs prequalified by the World Health Organization (WHO) and available through Gavi, the Vaccine Alliance. In February 2024, IVI and SK bioscience announced that a third TCV, SKYTyphoid™, also achieved WHO PQ, paving the way for public procurement and increasing the global supply.

 

Alongside the SETA disease burden study, IVI has been working with colleagues in three African countries to show the real-world impact of TCV vaccination. These studies include a cluster-randomized trial in Agogo, Ghana and two effectiveness studies following mass vaccination in Kisantu, DRC and Imerintsiatosika, Madagascar.

 

Dr. Birkneh Tilahun Tadesse, Associate Director General at IVI and Head of the Real-World Evidence Department, explains, “Through these vaccine effectiveness studies, we aim to show the full public health value of TCV in settings that are directly impacted by a high burden of typhoid fever.” He adds, “Our final objective of course is to eliminate typhoid or to at least reduce the burden to low incidence levels, and that’s what we are attempting in Fiji with an island-wide vaccination campaign.”

 

As more countries in typhoid endemic countries, namely in sub-Saharan Africa and South Asia, consider TCV in national immunization programs, these data will help inform evidence-based policy decisions around typhoid prevention and control.

 

###

 

About the International Vaccine Institute (IVI)
The International Vaccine Institute (IVI) is a non-profit international organization established in 1997 at the initiative of the United Nations Development Programme with a mission to discover, develop, and deliver safe, effective, and affordable vaccines for global health.

IVI’s current portfolio includes vaccines at all stages of pre-clinical and clinical development for infectious diseases that disproportionately affect low- and middle-income countries, such as cholera, typhoid, chikungunya, shigella, salmonella, schistosomiasis, hepatitis E, HPV, COVID-19, and more. IVI developed the world’s first low-cost oral cholera vaccine, pre-qualified by the World Health Organization (WHO) and developed a new-generation typhoid conjugate vaccine that is recently pre-qualified by WHO.

IVI is headquartered in Seoul, Republic of Korea with a Europe Regional Office in Sweden, a Country Office in Austria, and Collaborating Centers in Ghana, Ethiopia, and Madagascar. 39 countries and the WHO are members of IVI, and the governments of the Republic of Korea, Sweden, India, Finland, and Thailand provide state funding. For more information, please visit https://www.ivi.int.

 

CONTACT

Aerie Em, Global Communications & Advocacy Manager
+82 2 881 1386 | aerie.em@ivi.int


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US Spent More Than Double What It Collected In February, As 2024 Deficit Is Second Highest Ever… And Debt Explodes

US Spent More Than Double What It Collected In February, As 2024 Deficit Is Second Highest Ever… And Debt Explodes

Earlier today, CNBC’s…

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US Spent More Than Double What It Collected In February, As 2024 Deficit Is Second Highest Ever... And Debt Explodes

Earlier today, CNBC's Brian Sullivan took a horse dose of Red Pills when, about six months after our readers, he learned that the US is issuing $1 trillion in debt every 100 days, which prompted him to rage tweet, (or rageX, not sure what the proper term is here) the following:

We’ve added 60% to national debt since 2018. Germany - a country with major economic woes - added ‘just’ 32%.   

Maybe it will never matter.   Maybe MMT is real.   Maybe we just cancel or inflate it out. Maybe career real estate borrowers or career politicians aren’t the answer.

I have no idea.  Only time will tell.   But it’s going to be fascinating to watch it play out.

He is right: it will be fascinating, and the latest budget deficit data simply confirmed that the day of reckoning will come very soon, certainly sooner than the two years that One River's Eric Peters predicted this weekend for the coming "US debt sustainability crisis."

According to the US Treasury, in February, the US collected $271 billion in various tax receipts, and spent $567 billion, more than double what it collected.

The two charts below show the divergence in US tax receipts which have flatlined (on a trailing 6M basis) since the covid pandemic in 2020 (with occasional stimmy-driven surges)...

... and spending which is about 50% higher compared to where it was in 2020.

The end result is that in February, the budget deficit rose to $296.3 billion, up 12.9% from a year prior, and the second highest February deficit on record.

And the punchline: on a cumulative basis, the budget deficit in fiscal 2024 which began on October 1, 2023 is now $828 billion, the second largest cumulative deficit through February on record, surpassed only by the peak covid year of 2021.

But wait there's more: because in a world where the US is spending more than twice what it is collecting, the endgame is clear: debt collapse, and while it won't be tomorrow, or the week after, it is coming... and it's also why the US is now selling $1 trillion in debt every 100 days just to keep operating (and absorbing all those millions of illegal immigrants who will keep voting democrat to preserve the socialist system of the US, so beloved by the Soros clan).

And it gets even worse, because we are now in the ponzi finance stage of the Minsky cycle, with total interest on the debt annualizing well above $1 trillion, and rising every day

... having already surpassed total US defense spending and soon to surpass total health spending and, finally all social security spending, the largest spending category of all, which means that US debt will now rise exponentially higher until the inevitable moment when the US dollar loses its reserve status and it all comes crashing down.

We conclude with another observation by CNBC's Brian Sullivan, who quotes an email by a DC strategist...

.. which lays out the proposed Biden budget as follows:

The budget deficit will growth another $16 TRILLION over next 10 years. Thats *with* the proposed massive tax hikes.

Without them the deficit will grow $19 trillion.

That's why you will hear the "deficit is being reduced by $3 trillion" over the decade.

No family budget or business could exist with this kind of math.

Of course, in the long run, neither can the US... and since neither party will ever cut the spending which everyone by now is so addicted to, the best anyone can do is start planning for the endgame.

Tyler Durden Tue, 03/12/2024 - 18:40

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