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Best Small-Caps To Buy Right Now? 4 To Watch For April

Hot Penny Stocks To Watch Heading Into April

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This article was originally published by PennyStocks.

Are These Hot Penny Stocks To Buy Right Now?

There is a lot of excitement involving penny stocks this year. Much of this has stemmed from the pandemic, sure, but there are other things to factor in more recently. In recent weeks, one of the more active market sectors has been biotech, and penny stocks have become a big focus there. Many of these assets have drastically increased in price over the last year. There are a few reasons why this is the case. It started when the pandemic began, and the world started scrambling for a vaccine or treatment for the virus a few months later.

Many biotech companies that investors may not have heard of before were now in the limelight. At one point, more than 200 companies were attempting to develop treatments for COVID-19. This brought a lot of attention to biotech penny stocks in general.

Regardless of COVID developments, many new investors have opened their eyes to all types of companies in this sector. Many biotech companies are making great progress and achieving new approvals etc. The volatility of biotech penny stocks is desirable to some investors as well.

You’ve also got consumer goods companies experiencing some strength recently with the rotation out of growth stocks like tech. Everything from paper companies to energy stocks have gained ground. In the stock market today, we see this trend push major indexes like the Dow even higher. Let’s take a look at a few penny stocks to watch right now with all of this in mind.

  1. Seelos Therapeutics Inc. (NASDAQ: SEEL)
  2. InspireMD Inc. (NYSE: NSPR)
  3. BGC Partners Inc. (NASDAQ: BGCP)
  4. IT Tech Packaging Inc. (NYSE: ITP)

Hot Penny Stocks To Watch: Seelos Therapeutics Inc. (NASDAQ: SEEL)

This healthcare company develops and sells therapeutics for treating the respiratory system, nervous system, and more. With some biotech penny stocks it can be speculative as to why they are moving. For Seelos Therapeutics, the answer for its recent gains seems to be clear cut.

On March 5th, the company announced that it completed the open-label patient enrollment for its proof of concept study. This study is for SLS-002 to treat acute suicidal ideation and behavior in patients with major depressive disorder. Seelos currently expects to release key data in the second quarter of 2021 now that it has completed this patient enrollment. The Chairman and CEO of Seelos Therapeutics, Raj Mehra Ph.D., said, “Our first look at the potential efficacy of SLS-002 in depressed and imminently suicidal patients should provide valuable insights in this large unmet need. We look forward to initiating Part 2 of this study and are continuing to identify more trial sites.”

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This news release has sparked momentum for SEEL stock this month. Just a few weeks ago, SEEL was at $3.06 per share. On March 12th, SEEL reached a 52-week high of $5.89. Of course, like many penny stocks that spike quickly, SEEL has cooled down a bit. But with the pending data expected next quarter, it could be one of the top penny stocks to watch in April.

hot penny stocks to watch Seelos Therapeutics SEEL stock chart

InspireMD Inc. (NYSE: NSPR)

This next biotech penny stock has also seen a great amount of positive momentum. InspireMD creates medical devices. One of its main technologies is MicroNet, a treatment for vascular and coronary diseases. When 2021 began, the NSPR stock price opened at $0.384. Then on February 8th, the company announced something new, which triggered the initial rally it saw last month.

InspireMD released the announcement for its upsized $20.7 million underwritten public offering, with the full exercise of the overallotment option. The offering was made up of 29,032,258 units at a public offering price of $0.62 per unit. Similar to SEEL, NSPR pulled back toward the end of the month.

Heading into next quarter, traders are focused on the upcoming shareholder meeting. Up for vote is the company’s push to list on the Nasdaq exchange. Company CEO Marvin Slosman issued a shareholder letter last week urging other shareholders to vote in favor of the move. Considering that this meeting isn’t set to occur until April 14th, there’s still a lot of time left to advocate for this.

hot penny stocks to watch InspireMD Inc. NSPR stock chart

BGC Partners Inc. (NASDAQ: BGCP)

The next company on this list is a fintech penny stock. BGC Partners offers brokerage products. These include things like government bonds, fixed income, corporate bonds, and other debt tools. This is another penny stock that has generated a large amount of momentum in the last 6 months.

One recent update from BGC Partners was its presentation at the Piper Sandler Virtual FIA Invest Event. After this event took place, BGCP stock price jumped about 9%. Now, this penny stock has fallen from those highs but has still held onto some of its gains. A lot of this progress is due to the financial results that it released one month ago.

BGC beat on both earnings per share and sales for the quarter. The company also said it plans to prioritize share and unit repurchases over dividends and distributions. Given the state of fintech stocks right now and the brokerage business, in general, BGC could be one of the top penny stocks to watch next quarter.

hot penny stocks to watch BGC Partners Inc. BGCP stock chart

IT Tech Packaging Inc. (NYSE: ITP)

This final penny stock, IT Tech Packaging, has also been a gainer in the last 6 months. The company produces and distributes paper products, primarily in China. It offers corrugating papers, cardboards, and printing papers, as well as many other products. It experienced a large uptick last month when it announced the pricing of $20 million for the offering of common stock and warrants. The offering of 26,666,666 shares of common stock and warrants to purchase 13,333,333 shares was announced. The combined price is $0.75 per share.

[Read More] 3 Best Penny Stocks To Buy Now & Some Analysts Project 419% Upside

Then on March 23rd, IT Tech Packaging announced its fourth quarter and fiscal year 2020 results. Its revenue fell year over year, as did its gross profit. It experienced an operating loss as well. This announcement caused ITP stock to drop nearly 6% on the day of. Since then, ITP stock has recovered by about 3% in the market. Since then, however, ITP stock has managed to hold a channel around its 200-day moving average.

In light of the company’s positioning in the personal protective equipment market, it could be one of the penny stocks to watch. That’s because it is in the process of applying for a surgical face mask production license. IT Tech said that this could boost both sales and margins in the “very near future.” The market now awaits on-site inspection on its production facilities which was delayed by the pandemic.

hot penny stocks to watch IT Tech Packaging Inc. ITP stock chart

The post Best Penny Stocks To Buy Right Now? 4 To Watch For April 2021 appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.

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Argonne’s Jordi Roglans-Ribas claims second Secretary’s Honor Award

Jordi Roglans-Ribas, a former director of the Nuclear Science and Engineering division at the U.S. Department of Energy’s (DOE) Argonne National Laboratory,…

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Jordi Roglans-Ribas, a former director of the Nuclear Science and Engineering division at the U.S. Department of Energy’s (DOE) Argonne National Laboratory, received his second 2022 U.S. Secretary of Energy Achievement team award for participating in the team that completed the Versatile Test Reactor (VTR) Environmental Impact Statement (EIS).

Credit: (Image by Argonne National Laboratory.)

Jordi Roglans-Ribas, a former director of the Nuclear Science and Engineering division at the U.S. Department of Energy’s (DOE) Argonne National Laboratory, received his second 2022 U.S. Secretary of Energy Achievement team award for participating in the team that completed the Versatile Test Reactor (VTR) Environmental Impact Statement (EIS).

Roglans-Ribas was also recognized with a 2022 team award for work with the National Nuclear Security Administration’s (NNSA) Kazakhstan Reactor Conversion Team to make nuclear research reactors safer from proliferation risk. The Secretary’s Honor Awards are considered one of DOE’s highest honors.

“The award for the completion of the VTR EIS recognizes the successful effort of the entire team and the significance of DOE completing the first reactor EIS.” — Jordi Roglans-Ribas, Argonne

An EIS is a government document that outlines the impact of a proposed project on its surrounding environment. It helps policymakers and community leaders make key decisions.

“The award for the completion of the VTR EIS recognizes the successful effort of the entire team and the significance of DOE completing the first reactor EIS,” said Roglans-Ribas.

Roglans-Ribas worked closely on the VTR EIS with a multidisciplinary group from government departments, national laboratories and contractor offices beginning in August 2019 and throughout the COVID-19 pandemic. As a result, DOE published its first EIS for design and construction of a nuclear reactor since establishment of the National Environmental Policy Act in 1970. Now in the Federal Register, the VTR EIS has helped accelerate release of the Department of Defense’s Strategic Capabilities Office’s EIS for building and demonstrating the Project Pele mobile microreactor. The U.S. Nuclear Regulatory Commission will reference both statements as it prepares its own versions for commercial advanced reactors currently under development.

“Jordi had an integral, long-term role on a professional team with immense collective expertise, keen attention to detail and enduring commitment,” said Temitope Taiwo, director of Argonne’s Nuclear Science and Engineering division. ​“As a result, the team completed a high-quality, complex and publicly visible analysis in a difficult pandemic environment.”

The VTR EIS team’s efforts were specifically praised for helping DOE advance its own efforts to provide a fast-reactor-based neutron source and testing capability. This capability has been missing from nuclear energy research and development infrastructure for nearly three decades. It is a critical capability needed to enhance and accelerate the innovative nuclear technologies that will advance U.S. objective to reach net-zero emissions by 2050.   

Argonne National Laboratory seeks solutions to pressing national problems in science and technology. The nation’s first national laboratory, Argonne conducts leading-edge basic and applied scientific research in virtually every scientific discipline. Argonne researchers work closely with researchers from hundreds of companies, universities, and federal, state and municipal agencies to help them solve their specific problems, advance America’s scientific leadership and prepare the nation for a better future. With employees from more than 60 nations, Argonne is managed by UChicago Argonne, LLC for the U.S. Department of Energy’s Office of Science.

The U.S. Department of Energy’s Office of Science is the single largest supporter of basic research in the physical sciences in the United States and is working to address some of the most pressing challenges of our time. For more information, visit https://​ener​gy​.gov/​s​c​ience.


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Watch Yield Curve For When Stocks Begin To Price Recession Risk

Watch Yield Curve For When Stocks Begin To Price Recession Risk

Authored by Simon White, Bloomberg macro strategist,

US large-cap indices…

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Watch Yield Curve For When Stocks Begin To Price Recession Risk

Authored by Simon White, Bloomberg macro strategist,

US large-cap indices are currently diverging from recessionary leading economic data. However, a decisive steepening in the yield curve leaves growth stocks and therefore the overall index facing lower prices.

Leading economic data has been signalling a recession for several months. Typically stocks closely follow the ratio between leading and coincident economic data.

As the chart below shows, equities have recently emphatically diverged from the ratio, indicating they are supremely indifferent to very high US recession risk.

What gives? Much of the recent outperformance of the S&P has been driven by a tiny number of tech stocks. The top five S&P stocks’ mean return this year is over 60% versus 0% for the average return of the remaining 498 stocks.

The belief that generative AI is imminently about to radically change the economy and that Nvidia especially is positioned to benefit from this has been behind much of this narrow leadership.

Regardless on your views whether this is overdone or not, it has re-established growth’s dominance over value. Energy had been spearheading the value trade up until around March, but since then tech –- the vessel for many of the largest growth stocks –- has been leading the S&P higher.

The yield curve’s behaviour will be key to watch for a reversion of this trend, and therefore a heightened risk of S&P 500 underperformance. Growth stocks tend to outperform value stocks when the curve flattens. This is because growth companies often have a relative advantage over typically smaller value firms by being able to borrow for longer terms. And vice-versa when the curve steepens, growth firms lose this relative advantage and tend to underperform.

The chart below shows the relationship, which was disrupted through the pandemic. Nonetheless, if it re-establishes itself then the curve beginning to durably re-steepen would be a sign growth stocks will start to underperform again, taking the index lower in the process.

Equivalently, a re-acceleration in US inflation (whose timing depends on China’s halting recovery) is more likely to put steepening pressure on the curve as the Fed has to balance economic growth more with inflation risks. Given the growth segment’s outperformance is an indication of the market’s intensely relaxed attitude to inflation, its resurgence would be a high risk for sending growth stocks lower.

Tyler Durden Wed, 05/31/2023 - 13:20

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US Job Openings Unexpectedly Soar Above Highest Estimate Even As Number Of Quits Tumble

US Job Openings Unexpectedly Soar Above Highest Estimate Even As Number Of Quits Tumble

For those following the recent sharp drop in job openings,…

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US Job Openings Unexpectedly Soar Above Highest Estimate Even As Number Of Quits Tumble

For those following the recent sharp drop in job openings, or perhaps merely fascinated by the narrative that AI will cause a margin-busting corporate revolution as millions of mid-level employees are replaced by a cheap "bullshitting" AI algorithm, then today's latest bizarro JOLTS report will come as a shock. That's because after three months of sharp declines, the BLS reported that in April the number of job openings soared by 358K from an upward revised 9.7 million to 10.1 million, the biggest increase since Dec 2022...

.... and printing not only above the median consensus which expected the trend to continue with 9.4 million job openings this month, but came higher than the highest Wall Street estimate! As shown in the chart below, the delta to median consensus print was a whopping 703K.

According to the BLS, the biggest increase in job openings was in retail trade (+209,000); health care and social assistance (+185,000); and transportation, warehousing, and utilities (+154,000)

The sudden, bizarre reversal in the job openings trend, meant that after falling to the lowest level since Sept 2021, in April the number of job openings was 4.446 million more than the number of unemployed workers, the highest since January.

Said otherwise, after dropping to just 1.64 job openings for every unemployed worker, the lowest since Nov 2021, in April there were 1.79 openings for every worker, a sharp spike back to levels that the Fed does not want to see.

To be sure, none of the above data are credible for reasons we have discussed before but the simplest one is because the response rate of the JOLTS survey is stuck at a record low 31%. Which means that only those who actually have job openings to report do so, while two-thirds of employers are either non-responsive or their mail is quietly lost in the mail.

Another reason why today's data is meaningless is that even as employers allegedly put up many more job wanted signs, the number of workers actually quitting their jobs - a proxy for those who believe they can get a better-paying job elsewhere, and thus strength of the overall job market - tumbled by 129K to 3.8 million, the lowest number since May 2021.

Even the Fed's WSJ mouthpiece Nick Timiraos ignored the stellar headline print, and instead focused on the plunge in quits, writing that the "rate of workers who are voluntarily leaving their jobs (including leisure and hospitality) is returning closer to pre-pandemic levels, a possible sign of less tight labor markets. Quits tend to rise when workers think they can receive better pay by changing jobs."

And the biggest paradox: as pointed out by Peter Tchir of Academy Securities, the seasonally adjusted JOLTS quits rate was 2.4 (we reached a "peak" of 2.4 in July 2019), while the Hires rate (also seasonally adjusted) was 3.9% just like it was 3.9 in July 2019. So allegedly there are 3,000,000 more jobs available now than then.

So what to make of this bizarro, conflicting report?

Well, after three months of drops in job openings, at a time when it is especially critical for Biden to still maintain the illusion that at least the labor market remains strong when everything else in the senile president's economy is crashing and burning, it appears that the BLS got a tap on the shoulder once again, especially when considering that the one category that will be most impacted by ChatGPT and which according to Indeed is seeing a collapse in job postings was also the one category that had the highest number of job openings.

Tyler Durden Wed, 05/31/2023 - 10:35

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