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Can Penny Stocks Make You Rich? Check These 4 Small-Caps Out

Penny stocks have a lot of potential; here’s 3 to watch right now
The post Can Penny Stocks Make You Rich? Check These 4 Small-Caps Out appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.

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4 Penny Stocks To Watch In Summer 2021

Can penny stocks make you rich? This is a question that a lot of those wanting to get into penny stocks ask themselves. And the short answer is yes. But, not in the way that you think. Investing in penny stocks is not like winning the lottery. Buying penny stocks is all about doing the proper research and committing to a strategy. And like anything, it takes time, patience, and an education. 

You wouldn’t get into an airplane and expect to know how to take off, so why would investing in penny stocks be any different? The most profitable traders tend to be the ones with the most information at hand. And, with the internet available to all, finding out the news, analyst recommendations, corporate filings, and balance sheets, has never been easier. So, while penny stocks have the ability to make you rich, this is a process that takes both time and experience. 

[Read More] Meme Penny Stocks Are Here to Stay; 3 For Your Summer Watchlist

In 2021, most on the list of penny stocks have seen high volatility. This is indicative of the overall stock market and the uncertain trajectory of the future. But, with Covid cases on the decline and vaccine rates at an all-time high, investors are hopeful about the coming months. Considering all of this, here are four penny stocks to watch in Summer 2021.

4 Penny Stocks to Watch in Summer 2021

  1. Vinco Ventures Inc. (NASDAQ: BBIG) 
  2. Precipio Inc. (NASDAQ: PRPO)
  3. LightPath Technologies Inc. (NASDAQ: LPTH)
  4. Ideanomics Inc. (NASDAQ: IDEX)

1. Vinco Ventures Inc. (NASDAQ: BBIG)

Vinco Ventures Inc. is a retail penny stock that is performing well right now. The company works in many markets through its retail partners. Some of its offerings include consumer product research and development, manufacturing, sales, and fulfillment.

Vinco offers toys, plush, electronics, and home items to retailers and distributers via e-commerce. This all takes place in North America, Europe, and the Asia Pacific. The other part of Vinco’s business is selling personal protective equipment to government agencies, hospitals, and distributors. This has become more prominent in the past year and a half due to the effects of the pandemic. 

Vinco Ventures just released two updates that may be causing the recent bullish momentum we’re seeing with BBIG stock. Let’s first talk about May 28th, when the company released an update on the acquisition of Lomotif and its merger with ZASH Global Media and Entertainment. The parties intend to sign a final agreement and plan of merger and reorganization on or before June 24th. This is big news as mergers always are exciting for both the company and investors alike. While the deal is not fully completed, the update provides a June 24th final agreement date. 

On May 25th the company reported its financial results for the first quarter of 2021. Its revenue increased by more than 31% year over year. Additionally, its gross profit managed to increase alongside this large revenue uptick. BBIG stock has gone up by more than 40% since these results were reported. Its volume is also vastly exceeding its average, at more than 4.7 times higher right now. With all of this info in mind, will BBIG make your list of penny stocks to watch?

2. Precipio Inc. (NASDAQ: PRPO)

In the past few months, biotech stocks like Precipio Inc. have become very popular due to the effects of SARS-CoV-2. As we all know, many companies working on a Covid vaccine or treatment have come into the public sphere. This has resulted in billions in capital flooding into biotech companies of all types and sizes. And, as the pandemic lessens in severity, many investors are turning their focus toward companies that may not be working on a Covid-related product.

For some context, Precipio is a biotech company working on cancer diagnostics and reagent technology. Its oncology products include clinical diagnostic services and more. Additionally, its cytogenetics media IV-Cell allows labs to get more accurate results, reducing error in this side of the disease testing field.

And, it offers a product known as the home screen panel which gives hospitals and labs the ability to run genetic mutation testing. This allows for rapid diagnostics of diseases before they show up in other tests. Lastly, Precipio produces an ICE-COLD-PCR which enables the detection of abnormalities in blood samples.

On June 8th the company launched its HemeScreen Anemia Panel, which is a one-of-a-kind testing tool aimed at identifying anemia in patients. It will help physicians address different types of ailments when a cause cannot be identified.

For those unfamiliar, the HemeScreen Anemia Panel is a blood test that identifies molecular genetic errors that point to fatal acute leukemia. On the day of this announcement, PRPO stock is up 19%, which is quite a substantial gain. Considering this exciting advancement, will PRPO make it onto your penny stocks watchlist?

Penny_Stocks_to_Watch_Precipio_Inc._(PRPO_Stock_Chart)

3. LightPath Technologies Inc. (NASDAQ: LPTH)

LightPath Technologies Inc. is a tech penny stock that creates optical components and assemblies. It is involved in the design, development, manufacturing, and distribution of these products. Some of its offerings include precision molded glass aspheric optics, aspheric lenses, and other optical components. These are used in the fields of defense, medical, industrial, automotive, and many more.

[Read More] Trending Penny Stocks to Buy Right Now? 4 For Your Watchlist

On May 18th LightPath announced that it will be participating in NASA’s Jet Propulsion Laboratory’s Mars exploration program. Optical elements manufactured by its subsidiary ISP Optics will be used in the NASA Science Exploration Program. This is a major deal as it shows both the potential of its products and the utility that it can offer on even the most advanced project. 

“LightPath is proud to have our optical solutions supporting other missions aboard the International Space Station, the Space Shuttle, and numerous satellites. Our corporate location, in the middle of Central Florida’s Space Coast, is quite conducive to our increasing presence in outer space.

Working collaboratively with the University of Central Florida’s CREOL, LightPath is accelerating innovative solutions to match the rapid pace and rigorous demands of space exploration.”

The CEO of LightPath Technologies, Sam Rubin

LPTH stock price has skyrocketed since this announcement was made. On June 3rd, LPTH was at $2.30 per share on average. As of June 8th, this tech penny stock is worth $3.14 per share at EOD. With all of this in mind, is LPTH a candidate for your list of penny stocks to watch?

Penny_Stocks_to_Watch_LightPath_Technologies_Inc_LPTH_Stock_Chart

4. Ideanomics Inc. (NASDAQ: IDEX)

Ideanomics Inc. is an electric vehicle penny stock focused on the adoption of EV technology. The company’s mobility division facilitates the adoption of electric vehicles by commercial corporations. It also provides solutions for procurement, charging, energy management, and financing for these vehicles.

It’s Ideanomics Capital division provides fintech services that allow businesses easier operational capacity and higher chances for profitability. Both of its divisions help to make up what many consider, a very broad company. And, because of this, it seems like Ideanomics has a lot to offer traders of all types. On June 8th the company announced that it will present at the LD Micro Invitational XI on June 10th.

“The Ideanomics Mobility ecosystem of EV-centric subsidiaries represents the future of the commercial EV sector. We look forward to sharing recent learnings with peers and colleagues from around the world at LD Micro Invitational in the interest of driving the bright future of electric vehicle technology forward.”

CFO of Ideanomics, Conor McCarthy

Ahead of this conference, IDEX stock is up by around 2.7% to $3.16 per share on June 8th. Just one month ago, IDEX stock was at $2.50, showing how much bullish sentiment there is for IDEX. While this is not near its February highs of over $5, this recent performance shows that there could be a lot of potential for the company. Additionally, its placement in the EV market could help to propel it into the future. 

Penny_Stocks_to_Watch_Ideanomics_Inc._(IDEX_Stock_Chart)

Are Penny Stocks Worth It?

Whether or not penny stocks are worth it is up to you. At the end of the day, buying and selling stocks under $5 comes down to what type of trader and what your investing goals are. Figuring this out can be the difference between profits and losses in a very short period.

[Read More] 4 Penny Stocks To Watch As Dogecoin, Bitcoin & Cryptocurrency Surge

While investing in 2021 is not easy, there are plenty of penny stocks showing potential. With the right trading education and a commitment to learning, finding them can be easier than previously imagined.  

The post Can Penny Stocks Make You Rich? Check These 4 Small-Caps Out appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.

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Moderna turns the spotlight on long Covid with new initiatives

Moderna’s latest Covid effort addresses the often-overlooked chronic condition of long Covid — and encourages vaccination to reduce risks. A digital…

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Moderna’s latest Covid effort addresses the often-overlooked chronic condition of long Covid — and encourages vaccination to reduce risks. A digital campaign debuted Friday along with a co-sponsored event in Detroit offering free CT scans, which will also be used in ongoing long Covid research.

In a new video, a young woman describes her three-year battle with long Covid, which includes losing her job, coping with multiple debilitating symptoms and dealing with the negative effects on her family. She ends by saying, “The only way to prevent long Covid is to not get Covid” along with an on-screen message about where to find Covid-19 vaccines through the vaccines.gov website.

Kate Cronin

“Last season we saw people would get a flu shot, but they didn’t always get a Covid shot,” said Moderna’s Chief Brand Officer Kate Cronin. “People should get their flu shot, but they should also get their Covid shot. There’s no risk of long flu, but there is the risk of long-term effects of Covid.”

It’s Moderna’s “first effort to really sound the alarm,” she said, and the debut coincides with the second annual Long Covid Awareness Day.

An estimated 17.6 million Americans are living with long Covid, according to the latest CDC data. About four million of them are out of work because of the condition, resulting in an estimated $170 billion in lost wages.

While HHS anted up $45 million in grants last year to expand long Covid support initiatives along with public health campaigns, the condition is still often ignored and underfunded.

“It’s not just about the initial infection of Covid, but also if you get it multiple times, your risks goes up significantly,” Cronin said. “It’s important that people understand that.”

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Consequences Minus Truth

Consequences Minus Truth

Authored by James Howard Kunstler via Kunstler.com,

“People crave trust in others, because God is found there.”

-…

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March 15, 2024

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Consequences Minus Truth

Authored by James Howard Kunstler via Kunstler.com,

“People crave trust in others, because God is found there.”

- Dom de Bailleul

The rewards of civilization have come to seem rather trashy in these bleak days of late empire; so, why even bother pretending to be civilized? This appears to be the ethos driving our politics and culture now. But driving us where? Why, to a spectacular sort of crack-up, and at warp speed, compared to the more leisurely breakdown of past societies that arrived at a similar inflection point where Murphy’s Law replaced the rule of law.

The US Military Academy at West point decided to “upgrade” its mission statement this week by deleting the phrase Duty, Honor, Country that summarized its essential moral orientation. They replaced it with an oblique reference to “Army Values,” without spelling out what these values are, exactly, which could range from “embrace the suck” to “charlie foxtrot” to “FUBAR” — all neatly applicable to our country’s current state of perplexity and dread.

Are you feeling more confident that the US military can competently defend our country? Probably more like the opposite, because the manipulation of language is being used deliberately to turn our country inside-out and upside-down. At this point we probably could not successfully pacify a Caribbean island if we had to, and you’ve got to wonder what might happen if we have to contend with countless hostile subversive cadres who have slipped across the border with the estimated nine-million others ushered in by the government’s welcome wagon.

Momentous events await. This Monday, the Supreme Court will entertain oral arguments on the case Missouri, et al. v. Joseph R. Biden, Jr., et al. The integrity of the First Amendment hinges on the decision. Do we have freedom of speech as set forth in the Constitution? Or is it conditional on how government officials feel about some set of circumstances? At issue specifically is the government’s conduct in coercing social media companies to censor opinion in order to suppress so-called “vaccine hesitancy” and to manipulate public debate in the 2020 election. Government lawyers have argued that they were merely “communicating” with Twitter, Facebook, Google, and others about “public health disinformation and election conspiracies.”

You can reasonably suppose that this was our government’s effort to disable the truth, especially as it conflicted with its own policy and activities — from supporting BLM riots to enabling election fraud to mandating dubious vaccines. Former employees of the FBI and the CIA were directly implanted in social media companies to oversee the carrying-out of censorship orders from their old headquarters. The former general counsel (top lawyer) for the FBI, James Baker, slid unnoticed into the general counsel seat at Twitter until Elon Musk bought the company late in 2022 and flushed him out. The so-called Twitter Files uncovered by indy reporters Matt Taibbi, Michael Shellenberger, and others, produced reams of emails from FBI officials nagging Twitter execs to de-platform people and bury their dissent. You can be sure these were threats, not mere suggestions.

One of the plaintiffs joined to Missouri v. Biden is Dr. Martin Kulldorff, a biostatistician and professor at the Harvard Medical School, who opposed Covid-19 lockdowns and vaccine mandates. He was one of the authors of the open letter called The Great Barrington Declaration (October, 2020) that articulated informed medical dissent for a bamboozled public. He was fired from his job at Harvard just this past week for continuing his refusal to take the vaccine. Harvard remains among a handful of institutions that still require it, despite massive evidence that it is ineffective and hazardous. Like West Point, maybe Harvard should ditch its motto, Veritas, Latin for “truth.”

A society hostile to truth can’t possibly remain civilized, because it will also be hostile to reality. That appears to be the disposition of the people running things in the USA these days. The problem, of course, is that this is not a reality-optional world, despite the wishes of many Americans (and other peoples of Western Civ) who wish it would be.

Next up for us will be “Joe Biden’s” attempt to complete the bankruptcy of our country with $7.3-trillion proposed budget, 20 percent over the previous years spending, based on a $5-billion tax increase. Good luck making that work. New York City alone is faced with paying $387 a day for food and shelter for each of an estimated 64,800 illegal immigrants, which amounts to $9.15-billion a year. The money doesn’t exist, of course. New York can thank “Joe Biden’s” executive agencies for sticking them with this unbearable burden. It will be the end of New York City. There will be no money left for public services or cultural institutions. That’s the reality and that’s the truth.

A financial crack-up is probably the only thing short of all-out war that will get the public’s attention at this point. I wouldn’t be at all surprised if it happened next week. Historians of the future, stir-frying crickets and fiddleheads over their campfires will marvel at America’s terminal act of gluttony: managing to eat itself alive.

*  *  *

Support his blog by visiting Jim’s Patreon Page or Substack

Tyler Durden Fri, 03/15/2024 - 14:05

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One city held a mass passport-getting event

A New Orleans congressman organized a way for people to apply for their passports en masse.

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March 15, 2024

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While the number of Americans who do not have a passport has dropped steadily from more than 80% in 1990 to just over 50% now, a lack of knowledge around passport requirements still keeps a significant portion of the population away from international travel.

Over the four years that passed since the start of covid-19, passport offices have also been dealing with significant backlog due to the high numbers of people who were looking to get a passport post-pandemic. 

Related: Here is why it is (still) taking forever to get a passport

To deal with these concurrent issues, the U.S. State Department recently held a mass passport-getting event in the city of New Orleans. Called the "Passport Acceptance Event," the gathering was held at a local auditorium and invited residents of Louisiana’s 2nd Congressional District to complete a passport application on-site with the help of staff and government workers.

A passport case shows the seal featured on American passports.

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'Come apply for your passport, no appointment is required'

"Hey #LA02," Rep. Troy A. Carter Sr. (D-LA), whose office co-hosted the event alongside the city of New Orleans, wrote to his followers on Instagram  (META) . "My office is providing passport services at our #PassportAcceptance event. Come apply for your passport, no appointment is required."

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The event was held on March 14 from 10 a.m. to 1 p.m. While it was designed for those who are already eligible for U.S. citizenship rather than as a way to help non-citizens with immigration questions, it helped those completing the application for the first time fill out forms and make sure they have the photographs and identity documents they need. The passport offices in New Orleans where one would normally have to bring already-completed forms have also been dealing with lines and would require one to book spots weeks in advance.

These are the countries with the highest-ranking passports in 2024

According to Carter Sr.'s communications team, those who submitted their passport application at the event also received expedited processing of two to three weeks (according to the State Department's website, times for regular processing are currently six to eight weeks).

While Carter Sr.'s office has not released the numbers of people who applied for a passport on March 14, photos from the event show that many took advantage of the opportunity to apply for a passport in a group setting and get expedited processing.

Every couple of months, a new ranking agency puts together a list of the most and least powerful passports in the world based on factors such as visa-free travel and opportunities for cross-border business.

In January, global citizenship and financial advisory firm Arton Capital identified United Arab Emirates as having the most powerful passport in 2024. While the United States topped the list of one such ranking in 2014, worsening relations with a number of countries as well as stricter immigration rules even as other countries have taken strides to create opportunities for investors and digital nomads caused the American passport to slip in recent years.

A UAE passport grants holders visa-free or visa-on-arrival access to 180 of the world’s 198 countries (this calculation includes disputed territories such as Kosovo and Western Sahara) while Americans currently have the same access to 151 countries.

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