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Best Penny Stocks to Watch With Bullish Investor Interest Right Now

Three penny stocks that investors are watching right now
The post Best Penny Stocks to Watch With Bullish Investor Interest Right Now appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.

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Why Investors Are Watching These Penny Stocks in November 

November has already been a landmark month for penny stocks. While we still have around half of it left, investors are searching for the best penny stocks to buy. As a result of the large number of factors impacting both penny stocks and blue chips, it can seem like a daunting task to keep track of everything simultaneously. But, if investors pick a few topics, and deduce how they can be profitable, it can be much easier to make money with penny stocks. 

[Read More] Hot Penny Stocks To Buy For Under $3 Today On Webull & Fidelity

Before buying and selling any small caps, it is crucial to know your tolerance for risk and investing strategy. This will help when it comes to making a penny stocks watchlist. In addition, it is prudent to have a viable and consistent trading strategy that is aligned with your portfolio goals. With all of that in mind, let’s take a look at three top penny stocks to watch right now. 

3 Top Penny Stocks to Watch Right Now 

  1. Dogness Corp. (NASDAQ: DOGZ)
  2. Harmony Gold Mining Co. (NYSE: HMY
  3. Genius Brands International Inc. (NASDAQ: GNUS)

Dogness Corp. (NASDAQ: DOGZ)

One of the bigger gainers of the day so far is DOGZ stock, up by around 18% at midday. This brings its six-month gain to a staggering 132%, which is no small feat. Although no news came out today sparking this major gain, we can look at some announcements made a week or two ago to deduce why shares may have shot up. 

Early in November, Dogness announced that it had completed over $1 million in Pet-Tech related shipments prior to the holidays. For some context, Dogness is a producer of a large range of pet-aimed products. This includes both OEM and private label offerings, which allow it to have quite a broad reach. Ahead of the holidays, Dogness expects its demand to increase substantially. And, this is especially true considering the massive companion animal adoption rates that have occurred as a result of the pandemic. 

“This is another significant milestone as we continue to work closely with our customers and the supply chain to secure inventory to meet holiday demand levels. Demand remains strong across our target geographic markets, as we benefit from multiple catalysts. Smart technologies, in particular, are being increasingly adopted by major retailers to meet customers’ needs.” 

Silong Chen, the Chairman, and CEO of Dogness

One of Dogness’ strengths is its massive portfolio of over 200 patents and patents pending. As a result, it is a highly recognized brand in all things related to domestic pets. With that in mind, will DOGZ stock make your penny stocks watchlist?

Harmony Gold Mining Company Limited (NYSE: HMY)

Harmony Gold Mining Company Limited is a penny stock that has recently fared well in the market. This includes its over 4% gain on November 17th at midday. In the past month, Harmony Gold has seen a solid bullish turnaround, pushing up by over 13%. If you’re not familiar, Harmony is a mining company that searches for gold, silver, copper, and uranium before extracting and processing it. Its operations are based in South Africa and Papua New Guinea, both of which are extremely mineral-rich. 

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During the fiscal year 2021, the company’s earnings and revenue increased year over year, according to the most recent statement. As a result of rising metal prices and strong company performance, the outlook for Harmony Gold was met. In addition, the company has been working to diversify and de-risk its asset holdings which have been a major positive for investors. The numbers also show that Harmony Gold is increasing in its financials, which is a great sign.

It’s worth noting that HMY’s stock price often moves in tandem with the price of gold itself. So when gold experienced a large rally, often HMY stock follows suit. On the other side, when gold goes down, HMY stock follows this same rule. Right now, things are very volatile when it comes to gold stocks. Despite the volatility, HMY stock is performing well at the moment. In the last month, HMY has increased in stock price. Noting this, will HMY stock be on your watchlist going into mid-November?

Penny_Stocks_to_Watch_Harmony_Gold_Mining_Company_Limited_HMY_Stock

Genius Brands International Inc. (NASDAQ: GNUS)

Genius Brands International Inc. is an entertainment company that we have previously discussed numerous times in the past few months. This company develops and licenses multimedia material such as television shows and cartoon series. Among its many series are titles such as SpacePop, Thomas Edison’s Secret Lab, Superhero Kindergarten, and many more. It caters to broadcasters, consumer goods, manufacturers, retailers, and others.

On November 15th, Genius Brands filed its Form 10-Q for the period ending on September 30th. According to this report, the company’s sales climbed by 585 percent year over year. Genius’ cash and cash equivalents, as well as marketable securities, were $130.2 million. The company’s Kartoon Channel! Achieved a 512% sequential growth in Application Installs quarter over quarter.

These numbers are very encouraging and show major growth for GNUS as a company. It also illustrates the major growth in demand for entertainment throughout that period. This arrives less than one month after Genius Brands International acquired WOW! Unlimited Media.

Regarding the acquisition, Chairman and CEO Andy Heyward said, “The acquisition of WOW! substantially accelerates the financial growth of Genius Brands, delivering on our promise to shareholders to execute meaningful and accretive acquisitions, as we seek to rapidly consolidate the marketplace and become the foremost producer, broadcaster, and consumer product licensor of high-quality children’s entertainment in the world.” With so much new info to think about, will GNUS be on your list of penny stocks to watch?

Penny_Stocks_to_Watch_Genius_Brands_International_Inc_GNUS_Stock

Can Penny Stocks Continue to Show Bullish Momentum?

While it’s difficult to say what the future will look like for penny stocks, investors are excited about the next few months. One of the biggest factors on the table right now is high inflation rates in the U.S. as a result of the massive stimulus given out in the past year and a half.

[Read More] 3 Penny Stocks That Retail Traders Are Buying Right Now

Aside from this, we have also seen a sizable amount of bullish sentiment in the stock market in the last few months, which represents a turnaround from the previous period. Considering all of this, do you think that penny stocks can continue to show bullish momentum or not?

The post Best Penny Stocks to Watch With Bullish Investor Interest Right Now appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.

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Economics

FT-IGM US Macroeconomists Survey for December

The FT-IGM US Macroeconomists survey is out (it was conducted over the weekend). The results are summarized here, and an FT article here (gated). Here’s some of the results. For GDP, assuming Q4 is as predicted in the November Survey of Professional…

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The FT-IGM US Macroeconomists survey is out (it was conducted over the weekend). The results are summarized here, and an FT article here (gated). Here’s some of the results.

For GDP, assuming Q4 is as predicted in the November Survey of Professional Forecasters, we have the following picture.

Figure 1: GDP (black), potential GDP (gray), November Survey of Professional Forecasters (red), November SPF subtracting 1.5ppts in Q1, 05ppts in Q2 (blue), FT-IGM December survey (sky blue squares), all on log scale. FT-IGM GDP level assumes 2021Q4 growth rate equals SPF November forecast. NBER defined recession dates peak-to-trough shaded gray. Source: BEA 2021Q3 2nd release, Philadelphia Fed November SPF, FT-IGM December survey, and author’s calculations.

In the figure above, I’ve used the SPF forecast of 4.6% SAAR in 2021Q4; the Atlanta Fed’s nowcast as of yesterday (12/7) was 8.6% SAAR. A new nowcast comes out tomorrow.

Interestingly, q4/q4 median forecasted growth equals that implied by the Survey of Professional Forecasters November survey (which was taken nearly a month before news of the omicron variant came out).

The q4/q4 forecast distribution for 2022 is skewed, with the 90th percentile at 5% growth, the 10th percentile at 2.5%, and median at 3.5%. I show the corresponding implied levels of GDP (once again assuming 2021Q4 growth equals the SPF ).

Figure 2: GDP (black), November Survey of Professional Forecasters (red), FT-IGM December survey (sky blue squares), 90th percentile and 10th percentile implied levels (light blue +), my median forecast (green triangle), all on log scale. FT-IGM GDP level assumes 2021Q4 growth rate equals SPF November forecast. NBER defined recession dates peak-to-trough shaded gray. Source: BEA 2021Q3 2nd release, Philadelphia Fed November SPF, FT-IGM December survey, and author’s calculations.

On unemployment, the median forecast is for a deceleration in recovery,

Figure 3: Unemployment rate (black), November Survey of Professional Forecasters (red), FT-IGM December survey (sky blue square), 90th percentile and 10th percentile implied levels (light blue +), my median forecast (green triangle). NBER defined recession dates peak-to-trough shaded gray. Source: BEA 2021Q3 2nd release, Philadelphia Fed November SPF, FT-IGM December survey, and author’s calculations.

The survey respondents also think that the participation rate will take a long time to return to pre-pandemic levels.

Source: FT-IGM, December 2021 survey.

On inflation, the median is higher than the November SPF mean estimate for 2022 of 2.3% (and Goldman Sachs’ current estimate).

Source: FT-IGM, December 2021 survey.

The entire survey results are here.

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Government

Over 170 companies delisted from major U.S. stock exchanges in 12 months

  Over the years, United States-based exchanges have remained an attractive destination for most companies aiming to go public. With businesses jostling to join the trading platforms, the exchanges have also delisted a significant number of companies….

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Over the years, United States-based exchanges have remained an attractive destination for most companies aiming to go public. With businesses jostling to join the trading platforms, the exchanges have also delisted a significant number of companies.

According to data acquired by Finbold, a total of 179 companies have been delisted from the major United States exchanges between 2020 and 2021. In 2021, the number of companies on Nasdaq and the New York Stock Exchange (NYSE) stands at 6,000, dropping 2.89% from last year’s figure of 6,179. In 2019, the listed companies stood at 5,454.

NYSE recorded the highest delisting with companies on the platform, dropping 15.28% year-over-year from 2,873 to 2,434. Elsewhere, Nasdaq listed companies grew 7.86% from 3,306 to 3,566. Data on the number of listed companies on NASDAQ and NYSE is provided by The World Federation of Exchanges.

The delisting of the companies is potentially guided by basic factors such as violating listing regulations and failing to meet minimum financial standards like the inability to maintain a minimum share price, financial ratios, and sales levels. Additionally, some companies might opt for voluntary delisting motivated by the desire to trade on other exchanges.

Furthermore, the delisting on U.S. major exchanges might be due to the emergence of new alternative markets, especially in Asia. China and Hong Kong markets have become more appealing, with regulators making local listings more attractive. Over the years, exchanges in the region have strived to emerge as key players amid dominance by U.S. equity markets. As per a previous report, the U.S. controls 56% of the global stock market value.

A significant portion of the delisted companies also stems from the regulatory perspective pitting U.S. agencies and their Chinese counterparts. For instance, China Mobile Ltd, China Unicom, and China Telecom Corp announced their delisting from NYSE, citing investment restrictions dating from 2020.

Worth noting is that the delisting of firms was initiated due to strict measures put in place by the Trump administration. The current administration has left the regulations in place while proposing additional regulations. For instance, a recent regulation update by the Securities Exchange Commission requiring US-listed Chinese companies to disclose their ownership structure has led to the exit of cab-hailing company Didi from the NYSE.

Impact of pandemic on the listing of companies

The delisting also comes in the wake of the Covid-19 pandemic that resulted in economic turmoil. With the shutdown of the economy, most companies entered into bankruptcies as the stock market crashed to historical lows.

Lower stock prices translate to less wealth for businesses, pension funds, and individual investors, and listed companies could not get the much-needed funding for their normal operations.

At the same time, the focus on more companies going public over the last year can be highlighted by firms on the Nasdaq exchange. Worth noting is that in 2020, there was tremendous growth in special purpose acquisition companies (SPACs), mainly driven by the impact of the coronavirus pandemic. With the uncertainty of raising money through the traditional means, SPACs found a perfect role to inject more funds into capital-starving companies to go public.

From the data, foreign companies listing in the United States have grown steadily, with the business aiming to leverage the benefits of operating in the country. Notably, listing on U.S. exchanges guarantees companies liquidity and high potential to raise capital. Furthermore, listing on either NYSE or Nasdaq comes with the needed credibility to attract more investors. The companies are generally viewed as a home for established, respected, and successful global companies.

In general, over the past year, factors like the pandemic have altered the face of stock exchanges to some point threatening the continued dominance of major U.S. exchanges. Tensions between the US and China are contributing to the crisis which will eventually impact the number of listed companies.

 

Courtesy of Finbold.

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Economics

Stock futures open flat as Omicron concerns ease

Dow futures edged up 0.02%, while contracts on the Nasdaq Composite inched up 0.10%…
The post Stock futures open flat as Omicron concerns ease first appeared on Trading and Investment News.

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Dow futures edged up 0.02%, while contracts on the Nasdaq Composite inched up 0.10%

Stock futures opened relatively flat on Wednesday evening, though sustaining gains posted by a three-day recovery rally that was led by cooled investor concerns around the Omicron variant of the coronavirus.

Dow futures edged up 0.02%, while contracts on the tech-focused Nasdaq Composite inched up 0.10%. All major indexes closed up, with the S&P 500 adding 14.46 points to end the session at 4,701.21, just 0.5% short of the trading session on Nov. 24, a day before the latest COVID-19 variant was announced by the World Health Organization (WHO).

The moves were supported by eased virus fears after Pfizer Inc. and BioNTech reported that early lab studies show a third dose of their coronavirus vaccine mitigates the Omicron variant.

The vaccine makers had indicated the initial two doses may not be enough to protect against infection from Omicron. Shares of Pfizer (PFE) traded 0.62% lower on Wednesday, closing at $51.40.

With virus concerns diminishing, investors are pivoting their attention back to economic data, awaiting Consumer Price Index (CPI) figures on Friday to assess the extent inflationary pressures will persist.

If the Omicron variant was to lead to a resurgence in goods spending at the expense of services or to further complicate supply disruptions, there could be a clear inflationary impact, too, HSBC economist James Pomeroy wrote earlier this week in a research note to clients.

He stated: The inflation news in the past few weeks has been decidedly mixed — with upside surprises in both the U.S. and eurozone being offset by the possibility of some of the supply chain issues starting to alleviate, while energy prices have fallen sharply in recent days.

The post Stock futures open flat as Omicron concerns ease first appeared on Trading and Investment News.

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