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Best Reddit Penny Stocks to Buy Now? 4 to Watch in Mid-November

Are these Reddit penny stocks on your watchlist right now?
The post Best Reddit Penny Stocks to Buy Now? 4 to Watch in Mid-November appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.

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4 Reddit Penny Stocks to Watch in Mid-November 2021

If you look for penny stocks on Reddit, you are not alone. Many investors have turned to the social media site as a way to find potentially valuable penny stocks to buy. And while it may seem as easy as stumbling across frequently mentioned penny stocks, it goes deeper than this. Of course, investors can invest in the stocks they see floating around on Reddit, but utilizing the power of the internet, traders can also understand other factors that have a major effect. 

This includes looking at balance sheets, average volume, and any external news that is affecting either the company or the industry that it is in. All of this information will be invaluable when it comes to making a penny stocks watchlist. However, many investors fail to utilize these steps, and instead, simply invest because a penny stock is trending online. 

[Read More] 4 Top Penny Stocks To Watch Ahead Of Rivian (RIVN) IPO

It’s worth noting that penny stocks mentioned heavily on Reddit, tend to be some of the most volatile stocks out there. This is par for the course, and is something that investors should understand thoroughly before putting any money in. Additionally, it’s best to consider your trading strategy to see which penny stocks align best with your investing goals. Considering all of that, let’s take a look at four penny stocks on Reddit to watch right now. 

4 Reddit Penny Stocks to Watch Right Now

  1. CarLotz Inc. (NASDAQ: LOTZ
  2. BioDelivery Sciences International Inc. (NASDAQ: BDSI
  3. Metromile Inc. (NASDAQ: MILE
  4. Remark Holdings Inc. (NASDAQ: MARK)

CarLotz Inc. (NASDAQ: LOTZ)

CarLotz Inc. is an automotive-focused penny stock that has increased in value by around 10% in the past month. If you’re not familiar, CarLotz provides corporate vehicle sourcing partners and retail sales of new vehicles. The company acts as a vehicle sourcing partner, which includes fleet leasing companies, rentals, banks, etc. Currently, CarLotz operates ten hubs in the Mid-Atlantic, Southeast, Southcentral, Mid West, and West Coast regions.

On November 8th, CarLotz released its third-quarter financial results for 2021. During this period, the company’s net revenue went up by 128%. In addition to this, its retail unit sales went up to 2,490, a 58% difference year over year. As a result of all of this, its adjusted EBITDA was at $22.8 million compared to $0.6 million in the third quarter of 2020. Despite a chip shortage causing disruption, the company is still focused on maximizing returns on significant investments. These numbers are very substantial, and show just how hard the company is working to continue growing despite the pandemic. 

“I am encouraged by this performance while navigating the impact of the ongoing chip shortage on our core consignment business model. While the chip shortage has caused a disruption to our consignment business model, we are focused on maximizing returns on the significant investments we have made this year, leveraging the assets we already have in place, and offering the best customer experience in the industry, all while building awareness of the CarLotz brand and what consignment means.”

CEO and Co-Founder Michael Bor

Based on these new developments, will LOTZ stock make your watchlist in the next few weeks?

BioDelivery Sciences International Inc. (NASDAQ: BDSI)

BioDelivery Sciences International Inc. is a biotech penny stock that has seen heightened popularity in the past few weeks. For some context, BioDelivery is focused on the development and commercialization of products for chronic conditions. One of its products is BELBUCA which is for treating chronic pain. BioDelivery also offers Bunavail which is for treating opioid dependence. ONSOLIS is BioDelivery’s product for breaking through pain in cancer statements.

On November 3rd, the company reported its third-quarter results for 2021. The company announced total revenues of $41.1 million, which represents a 4% increase year over year. BioDelivery also showed strong profitability with a GAAP EPS of $0.07, which is no small feat. During this period, the company closed an acquisition of ELYXYB which is the world’s first ready-to-use oral solution for acute migraine.

“Sales of BELBUCA and Symproic remain solid as we prepare for additional revenue growth associated with the launch of ELYXYB in the first quarter of 2022. ELYXYB, with patent protection to 2036, diversifies our portfolio, takes advantage of the synergies between pain and neurology, and leverages our current commercial infrastructure to manage ELYXYB in a very efficient way”.

CEO of BioDelivery, Jeff Bailey

With all of this to note, will BDSI be on your list of penny stocks to watch?

Penny_Stocks_to_Watch_BioDelivery_Sciences_International_Inc_BDSI

Metromile Inc. (NASDAQ: MILE)

Metromile Inc. is a penny stock that has been climbing in several recent trading sessions. This company offers insurance services in the United States. These services operate on a pay-per-mile basis by Metromile. Additionally, the company licenses AI claims platforms to automate the claim process. This platform also helps reduce loss associated with fraud, and to unlock the productivity of insurance carriers’ employees.

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

On November 8th, the insurance company Lemonade announced that it has agreed to purchase Metromile. This was accomplished in an all-stock deal that values it at around $500 million. All Metromile shareholders will receive Lemonade common shares at a ratio of 19 to 1. Last week, Lemonade launched its car insurance program, which is a complementary product given this acquisition.

“Joining forces with Lemonade Car will create the most customer-centric, fair, and affordable car insurance, and is a great outcome for Metromile shareholders, who will benefit as shareholders of the combined company. It also means that now, homeowners, renters, and drivers alike can have all of their insurance needs with a single company that truly has their best interests at heart”.

The CEO of Metromile, Dan Preston

While MILE stock has not had the greatest year so far, shares of MILE have begun to bounce back in recent trading sessions. As a result, MILE stock could be worth adding to your penny stocks watchlist

Penny_Stocks_to_Watch_Metromile_Inc

Remark Holdings Inc. (NASDAQ: MARK) 

At midday, shares of MARK stock began to rally, pushing it up over 9% by 1 PM EST. The main reason for this swift gain comes as the company announced via Twitter that it would be launching its robots for Smart Community next week. This comes before its Q3 2021 financial results which are scheduled to be released on November 15th at 4:30 PM EST. 

If you haven’t heard of Remark Holdings, it is a tech penny stock that works in AI solutions. This includes products that can be put to use in retail, public safety, and workplace environments. In addition to this, it operates an e-commerce media property that is focused on the luxury coastal market. 

Outside of its business operations, we have seen MARK stock be a major part of the most recent meme stock rally. This means that it is likely to see Remark Holdings make very large intraday moves both up and down. So, if you’re interested in MARK stock, make sure that you’re comfortable with heightened volatility. With all of that in mind, do you think MARK stock is a worthwhile watchlist addition?

Penny_Stocks_to_Watch_Remark

Which Reddit Penny Stocks Are on Your Watchlist?

Finding the best penny stocks to buy on Reddit can be challenging. But, with such a large number of stocks on the social media app, finding ones that can be worth buying is completely possible.

[Read More] Are These Trending Penny Stocks Worth Buying Right Now?

The best way to do so is to understand fully what a company does and what its future performance could look like. With all of this in mind, which Reddit penny stocks are on your watchlist right now?

The post Best Reddit Penny Stocks to Buy Now? 4 to Watch in Mid-November 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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