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Best Penny Stocks To Watch If You Like Tech? 7 For Your List In 2021

Penny Stocks To Watch If ew Technology Is Your Focus In 2021.
The post Best Penny Stocks To Watch If You Like Tech? 7 For Your List In 2021 appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.

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Looking For The Best Tech Penny Stocks To Watch This Year?

Some of the most exciting penny stocks to watch are in tech. Whether it’s biotech or traditional tech, the innovations being developed are truly groundbreaking. Something unique about the last 18 months is the level of excitement that newer forms of technology are triggering in the stock market. I’m not talking about the next thin cellphone or the latest personal computer. I’m talking about new technology that has emerged thanks to very recent events.

In this article, we’re going to look at two subsets of this industry and discuss a few interesting penny stocks gaining attention in the market. First, thanks to the pandemic, stay-at-home stocks have carved out a nice niche. With this, things like Esports and iGaming have built a strong foundation.

Furthermore, incoming President Joe Biden sparked some strong momentum in renewables. His message for carbon neutrality has rung out loudly, placing a clear focus on green energy and electric vehicles. Tesla (NASDAQ: TSLA) is now just one of many EV stocks to watch in 2021, and that number may continue growing.

Tech Penny Stocks To Watch

  1. Alpha Esports Tech (CSE: ALPH)(OTC: APETF)
  2. Enthusiast Gaming Holdings Inc. (NASDAQ: EGLX)
  3. Hall of Fame Resort & Entertainment Company (NASDAQ: HOFV)
  4. CBAK Energy Technology Inc. (NASDAQ: CBAT)
  5. Electrameccanica Vehicles Corp. Ltd. (NASDAQ: SOLO)
  6. MICT Inc. (NASDAQ: MICT)
  7. SG Blocks Inc. (NASDAQ: SGBX)

Esports Penny Stocks To Watch

When it comes to the Esports niche in tech, we’re really in the first few innings of its growth. The consensus of early adopters mostly focused on gaming events. While these are still a large part of the current framework, Esports has begun evolving in a big way. It’s now becoming an industry of its own. We’re not only talking about Esports events but also educational curriculum, athlete development, wagering, and even team management.

Alpha Esports Tech, for instance, recently went public in 2021. It wasn’t “just another event company” and, in fact, has already built relationships with top universities like Notre Dame & Syracuse University, sports franchises like The New Jersey Devils, and entertainment organizations like Barstool Sports. Its portfolio is built on the backbone of revolutionary products like its GamerzArena, setting the stage for a new type of competitive experience.

Virtually every college, university, and professional sports team has its own gaming division. The problem right now is that most don’t understand how to unlock the potential of the industry. This is where Alpha Esports adds another layer of growth to its model. According to the company, it boasts over 100,000 active users and a rapidly evolving ecosystem.

Esports Events Gain Traction

Where the real opportunity comes to light is the way Alpha Esports is monetizing its user base. The GamerzArena+ product is a subscription-based service that only costs $12.99. Members gain access to higher-paying tournaments along with the ability to access unique and special events. GamersArena+ also allows access for scouts from several universities and professional Esports teams to find raw talent from the company’s pool of premium gamers.

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We’re not only talking about competitive gamers but also the ability to wager on the outcomes of these challenge events. The larger the number of streaming competitions, the more opportunities for gamblers to wager. Alpha’s data already estimates that 10-20% of GamerzArena freemium users will place head-to-head bets with an average bet size of $2-$10 per math per month.

Betting On Esports Penny Stocks

And this isn’t the only Esports company betting on iGaming to generate revenue. Enthusiast Gaming and Hall Of Fame Resort & Entertainment have also focused on the wagering aspect of sports to enhance their revenue profiles. Both companies have mentioned looking into or establishing sports betting or iGaming operations over the last few months.

best tech penny stocks to watch right now Hall Of Fame Resort & Entertainment HOFV stock chart

Helping to boost momentum this week is a new law set to become effective in Canada. Specifically, the Canadian Senate approved Bill C-218. This is an act that will legalize single-event sports betting in Canada. The bill will now proceed for Royal Assent to become law in Canada. The current legislation has wagering on a single sporting event banned.

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But that obviously hasn’t stopped offshore. Also, black market operators continue opening their books. According to the Canadian Gaming Association, combined, that adds up to approximately $14 billion in bets from Canadians annually. According to Alpha Esports CEO Matthew Schmidt, this law could open big growth for sports betting in Canada to the tune of $28 billion.

EV Penny Stocks To Watch Right Now

While attention on Esports has just begun, so has an interest in electric vehicles. While the likes of Tesla and former penny stock Nio (NYSE: NIO) have benefited from early attention, the Biden Administration has placed an even brighter spotlight on the sector as a whole. This is something that hasn’t been emphasized as much in the past as it has in 2021. Now, automakers like Ford (NYSE: F) and GM (NYSE: GM) are pushing for speedy roll-outs of new electric vehicles. On top of that, new brands are popping up, and an entire EV ecosystem also to consider. It’s not only about cars but about battery production, recycling, and raw materials.

For instance, CBAK Energy Technology manufactures lithium-ion batteries. While it isn’t “Tesla,” it does provide the heartbeat for many electric vehicles. In 2020 alone, CBAK generated over $37 million in revenue, which was up significantly from its prior year’s $22.2 million. Then you’ve got other companies like MICT Inc. It isn’t an electric vehicle manufacturer, but Micronet Ltd., one of its subsidiaries, develops A/V products with some made for in-vehicle use.

best tech penny stocks to watch right now CBAK Energy Technology CBAT stock chart

The company’s SmartCam integrates driver-facing cameras, road-facing cameras, vehicle mechanical and operating data, vehicle location, and a telematics on-board computer. While this may not be immediately focused on EVs, in general, it could be something to keep in mind as the EV trend evolves from consumer-facing to more industrial, including automotive fleets.

Electric Vehicle Penny Stocks Remain A Focus

While the EV supply chain and development ecosystem are some things to keep in mind, EV manufacturers and EV charging have become the core of this trend. Companies like Electrameccanica Vehicles Corp. have popped up and targeted an audience of consumers interested in urban travel. For instance, its SOLO, a single-passenger vehicle, targets those who aren’t necessarily looking for a Tesla family car. Rather, they’re looking for an affordable and convenient option for an EV that can get them from point A to point B without increasing the carbon footprint.

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You’ve also got companies like SG Blocks, which have taken up a different approach to EV. SG and Blink Charging Co. (NASDAQ: BLNK), an owner/operator of EV charging equipment and services, entered into an exclusive Master Development and Production Agreement last year. Blink’s EV charging solutions will be deployed along with SG Blocks’ container-based modular building structures. Essentially, the two will create EV charging containers providing charging solutions for EV drivers. While this isn’t the only industry SG focuses on, it does give them some exposure to one of the newer tech niches to watch in 2021.

best tech penny stocks to watch right now SG Blocks SGBX stock chart

Tech Penny Stocks Continue Turning Heads In 2021

The bigger picture for traders right now is tech. It doesn’t matter if we’re talking about the next hot electric vehicle penny stocks to buy or a boost in excitement stemming from a new trend in Esports. The fact is tech continues to gain new interest from traders of all walks. The ability to foster growth through new, innovative products has helped retain this attention. While volatility is likely to play a role, it doesn’t negate the opportunities created by some of the companies on the cutting edge of this industry.

education technology penny stocks to buy edtech
Pursuant to an agreement between Midam Ventures LLC and Alpha Tech INC Midam has been paid $300,000 for a period from February 12, 2021, to April 2, 2021. We may buy or sell additional shares of Alpha Tech INC in the open market at any time, including before, during, or after the Website and Information, to provide public dissemination of favorable Information about Alpha Tech INC. Now extended to 6/30/2021 & no additional compensation of any kind has been received by MIDAM. Click here for full disclaimer.

The post Best Penny Stocks To Watch If You Like Tech? 7 For Your List In 2021 appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.

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International

Beloved mall retailer files Chapter 7 bankruptcy, will liquidate

The struggling chain has given up the fight and will close hundreds of stores around the world.

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It has been a brutal period for several popular retailers. The fallout from the covid pandemic and a challenging economic environment have pushed numerous chains into bankruptcy with Tuesday Morning, Christmas Tree Shops, and Bed Bath & Beyond all moving from Chapter 11 to Chapter 7 bankruptcy liquidation.

In all three of those cases, the companies faced clear financial pressures that led to inventory problems and vendors demanding faster, or even upfront payment. That creates a sort of inevitability.

Related: Beloved retailer finds life after bankruptcy, new famous owner

When a retailer faces financial pressure it sets off a cycle where vendors become wary of selling them items. That leads to barren shelves and no ability for the chain to sell its way out of its financial problems. 

Once that happens bankruptcy generally becomes the only option. Sometimes that means a Chapter 11 filing which gives the company a chance to negotiate with its creditors. In some cases, deals can be worked out where vendors extend longer terms or even forgive some debts, and banks offer an extension of loan terms.

In other cases, new funding can be secured which assuages vendor concerns or the company might be taken over by its vendors. Sometimes, as was the case with David's Bridal, a new owner steps in, adds new money, and makes deals with creditors in order to give the company a new lease on life.

It's rare that a retailer moves directly into Chapter 7 bankruptcy and decides to liquidate without trying to find a new source of funding.

Mall traffic has varied depending upon the type of mall.

Image source: Getty Images

The Body Shop has bad news for customers  

The Body Shop has been in a very public fight for survival. Fears began when the company closed half of its locations in the United Kingdom. That was followed by a bankruptcy-style filing in Canada and an abrupt closure of its U.S. stores on March 4.

"The Canadian subsidiary of the global beauty and cosmetics brand announced it has started restructuring proceedings by filing a Notice of Intention (NOI) to Make a Proposal pursuant to the Bankruptcy and Insolvency Act (Canada). In the same release, the company said that, as of March 1, 2024, The Body Shop US Limited has ceased operations," Chain Store Age reported.

A message on the company's U.S. website shared a simple message that does not appear to be the entire story.

"We're currently undergoing planned maintenance, but don't worry we're due to be back online soon."

That same message is still on the company's website, but a new filing makes it clear that the site is not down for maintenance, it's down for good.

The Body Shop files for Chapter 7 bankruptcy

While the future appeared bleak for The Body Shop, fans of the brand held out hope that a savior would step in. That's not going to be the case. 

The Body Shop filed for Chapter 7 bankruptcy in the United States.

"The US arm of the ethical cosmetics group has ceased trading at its 50 outlets. On Saturday (March 9), it filed for Chapter 7 insolvency, under which assets are sold off to clear debts, putting about 400 jobs at risk including those in a distribution center that still holds millions of dollars worth of stock," The Guardian reported.

After its closure in the United States, the survival of the brand remains very much in doubt. About half of the chain's stores in the United Kingdom remain open along with its Australian stores. 

The future of those stores remains very much in doubt and the chain has shared that it needs new funding in order for them to continue operating.

The Body Shop did not respond to a request for comment from TheStreet.   

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Government

Are Voters Recoiling Against Disorder?

Are Voters Recoiling Against Disorder?

Authored by Michael Barone via The Epoch Times (emphasis ours),

The headlines coming out of the Super…

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Are Voters Recoiling Against Disorder?

Authored by Michael Barone via The Epoch Times (emphasis ours),

The headlines coming out of the Super Tuesday primaries have got it right. Barring cataclysmic changes, Donald Trump and Joe Biden will be the Republican and Democratic nominees for president in 2024.

(Left) President Joe Biden delivers remarks on canceling student debt at Culver City Julian Dixon Library in Culver City, Calif., on Feb. 21, 2024. (Right) Republican presidential candidate and former U.S. President Donald Trump stands on stage during a campaign event at Big League Dreams Las Vegas in Las Vegas, Nev., on Jan. 27, 2024. (Mario Tama/Getty Images; David Becker/Getty Images)

With Nikki Haley’s withdrawal, there will be no more significantly contested primaries or caucuses—the earliest both parties’ races have been over since something like the current primary-dominated system was put in place in 1972.

The primary results have spotlighted some of both nominees’ weaknesses.

Donald Trump lost high-income, high-educated constituencies, including the entire metro area—aka the Swamp. Many but by no means all Haley votes there were cast by Biden Democrats. Mr. Trump can’t afford to lose too many of the others in target states like Pennsylvania and Michigan.

Majorities and large minorities of voters in overwhelmingly Latino counties in Texas’s Rio Grande Valley and some in Houston voted against Joe Biden, and even more against Senate nominee Rep. Colin Allred (D-Texas).

Returns from Hispanic precincts in New Hampshire and Massachusetts show the same thing. Mr. Biden can’t afford to lose too many Latino votes in target states like Arizona and Georgia.

When Mr. Trump rode down that escalator in 2015, commentators assumed he’d repel Latinos. Instead, Latino voters nationally, and especially the closest eyewitnesses of Biden’s open-border policy, have been trending heavily Republican.

High-income liberal Democrats may sport lawn signs proclaiming, “In this house, we believe ... no human is illegal.” The logical consequence of that belief is an open border. But modest-income folks in border counties know that flows of illegal immigrants result in disorder, disease, and crime.

There is plenty of impatience with increased disorder in election returns below the presidential level. Consider Los Angeles County, America’s largest county, with nearly 10 million people, more people than 40 of the 50 states. It voted 71 percent for Mr. Biden in 2020.

Current returns show county District Attorney George Gascon winning only 21 percent of the vote in the nonpartisan primary. He’ll apparently face Republican Nathan Hochman, a critic of his liberal policies, in November.

Gascon, elected after the May 2020 death of counterfeit-passing suspect George Floyd in Minneapolis, is one of many county prosecutors supported by billionaire George Soros. His policies include not charging juveniles as adults, not seeking higher penalties for gang membership or use of firearms, and bringing fewer misdemeanor cases.

The predictable result has been increased car thefts, burglaries, and personal robberies. Some 120 assistant district attorneys have left the office, and there’s a backlog of 10,000 unprosecuted cases.

More than a dozen other Soros-backed and similarly liberal prosecutors have faced strong opposition or have left office.

St. Louis prosecutor Kim Gardner resigned last May amid lawsuits seeking her removal, Milwaukee’s John Chisholm retired in January, and Baltimore’s Marilyn Mosby was defeated in July 2022 and convicted of perjury in September 2023. Last November, Loudoun County, Virginia, voters (62 percent Biden) ousted liberal Buta Biberaj, who declined to prosecute a transgender student for assault, and in June 2022 voters in San Francisco (85 percent Biden) recalled famed radical Chesa Boudin.

Similarly, this Tuesday, voters in San Francisco passed ballot measures strengthening police powers and requiring treatment of drug-addicted welfare recipients.

In retrospect, it appears the Floyd video, appearing after three months of COVID-19 confinement, sparked a frenzied, even crazed reaction, especially among the highly educated and articulate. One fatal incident was seen as proof that America’s “systemic racism” was worse than ever and that police forces should be defunded and perhaps abolished.

2020 was “the year America went crazy,” I wrote in January 2021, a year in which police funding was actually cut by Democrats in New York, Los Angeles, San Francisco, Seattle, and Denver. A year in which young New York Times (NYT) staffers claimed they were endangered by the publication of Sen. Tom Cotton’s (R-Ark.) opinion article advocating calling in military forces if necessary to stop rioting, as had been done in Detroit in 1967 and Los Angeles in 1992. A craven NYT publisher even fired the editorial page editor for running the article.

Evidence of visible and tangible discontent with increasing violence and its consequences—barren and locked shelves in Manhattan chain drugstores, skyrocketing carjackings in Washington, D.C.—is as unmistakable in polls and election results as it is in daily life in large metropolitan areas. Maybe 2024 will turn out to be the year even liberal America stopped acting crazy.

Chaos and disorder work against incumbents, as they did in 1968 when Democrats saw their party’s popular vote fall from 61 percent to 43 percent.

Views expressed in this article are opinions of the author and do not necessarily reflect the views of The Epoch Times or ZeroHedge.

Tyler Durden Sat, 03/09/2024 - 23:20

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Government

Veterans Affairs Kept COVID-19 Vaccine Mandate In Place Without Evidence

Veterans Affairs Kept COVID-19 Vaccine Mandate In Place Without Evidence

Authored by Zachary Stieber via The Epoch Times (emphasis ours),

The…

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Veterans Affairs Kept COVID-19 Vaccine Mandate In Place Without Evidence

Authored by Zachary Stieber via The Epoch Times (emphasis ours),

The U.S. Department of Veterans Affairs (VA) reviewed no data when deciding in 2023 to keep its COVID-19 vaccine mandate in place.

Doses of a COVID-19 vaccine in Washington in a file image. (Jacquelyn Martin/Pool/AFP via Getty Images)

VA Secretary Denis McDonough said on May 1, 2023, that the end of many other federal mandates “will not impact current policies at the Department of Veterans Affairs.”

He said the mandate was remaining for VA health care personnel “to ensure the safety of veterans and our colleagues.”

Mr. McDonough did not cite any studies or other data. A VA spokesperson declined to provide any data that was reviewed when deciding not to rescind the mandate. The Epoch Times submitted a Freedom of Information Act for “all documents outlining which data was relied upon when establishing the mandate when deciding to keep the mandate in place.”

The agency searched for such data and did not find any.

The VA does not even attempt to justify its policies with science, because it can’t,” Leslie Manookian, president and founder of the Health Freedom Defense Fund, told The Epoch Times.

“The VA just trusts that the process and cost of challenging its unfounded policies is so onerous, most people are dissuaded from even trying,” she added.

The VA’s mandate remains in place to this day.

The VA’s website claims that vaccines “help protect you from getting severe illness” and “offer good protection against most COVID-19 variants,” pointing in part to observational data from the U.S. Centers for Disease Control and Prevention (CDC) that estimate the vaccines provide poor protection against symptomatic infection and transient shielding against hospitalization.

There have also been increasing concerns among outside scientists about confirmed side effects like heart inflammation—the VA hid a safety signal it detected for the inflammation—and possible side effects such as tinnitus, which shift the benefit-risk calculus.

President Joe Biden imposed a slate of COVID-19 vaccine mandates in 2021. The VA was the first federal agency to implement a mandate.

President Biden rescinded the mandates in May 2023, citing a drop in COVID-19 cases and hospitalizations. His administration maintains the choice to require vaccines was the right one and saved lives.

“Our administration’s vaccination requirements helped ensure the safety of workers in critical workforces including those in the healthcare and education sectors, protecting themselves and the populations they serve, and strengthening their ability to provide services without disruptions to operations,” the White House said.

Some experts said requiring vaccination meant many younger people were forced to get a vaccine despite the risks potentially outweighing the benefits, leaving fewer doses for older adults.

By mandating the vaccines to younger people and those with natural immunity from having had COVID, older people in the U.S. and other countries did not have access to them, and many people might have died because of that,” Martin Kulldorff, a professor of medicine on leave from Harvard Medical School, told The Epoch Times previously.

The VA was one of just a handful of agencies to keep its mandate in place following the removal of many federal mandates.

“At this time, the vaccine requirement will remain in effect for VA health care personnel, including VA psychologists, pharmacists, social workers, nursing assistants, physical therapists, respiratory therapists, peer specialists, medical support assistants, engineers, housekeepers, and other clinical, administrative, and infrastructure support employees,” Mr. McDonough wrote to VA employees at the time.

This also includes VA volunteers and contractors. Effectively, this means that any Veterans Health Administration (VHA) employee, volunteer, or contractor who works in VHA facilities, visits VHA facilities, or provides direct care to those we serve will still be subject to the vaccine requirement at this time,” he said. “We continue to monitor and discuss this requirement, and we will provide more information about the vaccination requirements for VA health care employees soon. As always, we will process requests for vaccination exceptions in accordance with applicable laws, regulations, and policies.”

The version of the shots cleared in the fall of 2022, and available through the fall of 2023, did not have any clinical trial data supporting them.

A new version was approved in the fall of 2023 because there were indications that the shots not only offered temporary protection but also that the level of protection was lower than what was observed during earlier stages of the pandemic.

Ms. Manookian, whose group has challenged several of the federal mandates, said that the mandate “illustrates the dangers of the administrative state and how these federal agencies have become a law unto themselves.”

Tyler Durden Sat, 03/09/2024 - 22:10

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