Connect with us

Stocks

Check These 3 Penny Stocks Out For Next Week’s Watchlist

Are these penny stocks worth buying right now?
The post Check These 3 Penny Stocks Out For Next Week’s Watchlist appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.

Published

on

Here Are 3 Penny Stocks to Add to Your Watchlist Next Week 

If you’re making a list of the best penny stocks to buy right now, there are hundreds of companies that could be worth watching. But, when it comes to finding penny stocks for your watchlist, it all comes down to knowing where to look. 

Right now, the major movement is the result of the Covid pandemic and the Omicron variant. In the past few months, this has taken over and resulted in a sizable amount of volatility. While this can seem scary at first, it also presents an opportunity for investors to take advantage. Aside from this, investors need to understand what their trading strategy is. 

[Read More] Here Are 3 Penny Stocks You Need to Know About in January

On one hand, we have short-term trading or swing trading. This means buying and selling penny stocks in a short time frame to make a series of small gains. Swing trading is a very popular strategy with those who trade penny stocks as it is conducive to the rate at which small-caps move. 

On the other hand, we have long-term trading. This is trading that involves picking penny stocks that could traverse penny stocks status. While this is less likely, it is also a popular strategy to use. Considering all of this, let’s take a look at three penny stocks to add to your watchlist right now. 

3 Penny Stocks to Watch With Next Week in Mind 

  1. Phunware Inc. (NASDAQ: PHUN
  2. Vinco Ventures Inc. (NASDAQ: BBIG
  3. Ocugen Inc. (NASDAQ: OCGN

Phunware Inc. (NASDAQ: PHUN)

One of the biggest gaining penny stocks of the past few months is PHUN stock. In the last six months, shares of PHUN have shot up by a staggering 140% to over $2.85. One of the main reasons that shares of PHUN stock have climbed so heavily during that time is its relation to Trump stocks. This has to do with former President Donald Trump’s new social media platform.

While Phunware doesn’t have a major tie to this venture, it is related, and therefore has followed the meteoric rise of other similar stocks. But, to understand Phunware in greater depth, we have to look at what it does and its recent news. The most recent announcement from the company came a week or so ago. This is when it announced two new strategic supplier relationships as well as an optimized PC series via its LYTE Technology business unit.

“With these new strategic supplier relationships, we took the guesswork out of selecting the right personal computer systems for power users’ needs. Phunware launched these four newly optimized personal computers designed specifically for high-end gamers, traders, streamers, and cryptocurrency miners in conjunction with CES in Las Vegas.”

The Vice President and General Manager of Phunware, Caleb Borgstrom

This is great news for the company and should help it to dive deeper into the tech industry. Considering all of this, does PHUN deserve a spot on your list of penny stocks to watch?

Vinco Ventures Inc. (NASDAQ: BBIG)

In the past few trading days, shares of BBIG stock have been making big headlines for rumors surrounding the upcoming launch of its Cryptyde platform. This led to a more than 20% gain on January 13th which brought its five day gain to over 49%.

The rumors surrounding this came out own January 13th and add to the list of hyped events for BBIG following its previous partnership with Zash Global Media. This partnership saw the addition of Vinco Ventures as a 50% owner of Lomotif, which the company aims to make a competitor of the famed video sharing app, Tiktok. Now, the company is working to build a potential IPO for its Cryptyde operation, effectively known as TYDE. Recently, the company Fintel, added a web page to track TYDE stock prior to its IPO.

[Read More] 3 Top Penny Stocks To Watch As Redditors Buy The Dip

This is big news considering not much has been said about the TYDE IPO in the past month or so. As a result, shares of BBIG stock have been pushing up. While this is exciting, it’s also crucial to separate rumors from facts. So, keep in mind that this is purely rumor based right now and that is what is driving the price of BBIG stock. With that in mind, will BBIG be on your penny stocks watchlist moving forward?

Penny_Stocks_to_Watch_Vinco

Ocugen Inc. (NASDAQ: OCGN)

Ocugen is a penny stock that we have covered numerous times in the past few months due to its placement in the industry and constant trending nature. In the past few trading days we’ve seen a small bullish turnaround for OCGN stock, bringing its one year gain to over 65%. The most recent news from the company came as it announced that its Covid-19 booster dose is effective against the Omicron variant.

Right now, anything having to do with Covid is extremely popular, and as a result, OCGN stock has seen heightened popularity in the past few weeks. The company stated that the neutralizing antibodies from its booster dose, were present in more than 90% of those who received it.

The vaccine, appropriately named Covaxin, is a joint development effort between it and Bharat Biotech. And with the Omicron variant continuing to rise in case numbers around the world, this is great news for the company and investors alike. So, do you think that OCGN stock is worth adding to your list of penny stocks to watch?

Penny_Stocks_to_Watch_Ocugen

Which Penny Stocks Are You Watching Right Now?

If you’re looking for penny stocks to buy in 2022, there are hundreds of options to choose from. Because of the sheer amount of momentum in the stock market, there is also plenty to take advantage of. 

[Read More] Best Penny Stocks to Buy Today? 3 That Climbed in Premarket

The majority of movement right now involves Covid and the Omicron variant as well as what is going on economically. This concerns inflation, jobs reports, and what the Fed does in terms of interest rates moving forward. So, as you can see there is a lot to keep track of right now. But, with a proper grasp of that information, investors can have the best chance of making money with penny stocks. Considering all of this, which penny stocks are you buying right now?

The post Check These 3 Penny Stocks Out For Next Week’s Watchlist appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.

Read More

Continue Reading

Economics

5 Top Consumer Stocks To Watch Right Now

Are these consumer stocks a buy amid the earnings season?
The post 5 Top Consumer Stocks To Watch Right Now appeared first on Stock Market News, Quotes,…

Published

on

5 Trending Consumer Stocks To Watch In The Stock Market Now         

As we tread through the earnings season, consumer stocks could be worth watching in the stock market this week. This would be the case since a number of big consumer names such as Costco (NASDAQ: COST) and Macy’s (NYSE: M) will be posting their financials for the quarter. As such, investors will be keeping an eye on these reports for clues on the strength of consumer spending amid this period of high inflation.

However, despite the soaring prices across the economy, it seems that consumers are surprisingly showing resilience. According to the Commerce Department, retail sales in April outpaced inflation for a fourth straight month. This could suggest that consumers as a whole were not only sustaining their spending, but spending more even after adjusting for inflation. Ultimately, it could be a reassuring sign that consumers are still supporting the economy and helping to diminish the narrative of an incoming recession. With that being said, here are five consumer stocks to check out in the stock market today.

Consumer Stocks To Buy [Or Sell] Right Now

Nordstrom

retail stocks (JWN stock)

Starting off our list of consumer stocks today is Nordstrom. For the most part, it is a fashion retailer of full-line luxury apparel, footwear, accessories, and cosmetics among others. The company operates through multiple retail channels, boutiques, and online as well. As it stands, Nordstrom operates around 100 stores in 32 states in the U.S. and three Canadian provinces.

Yesterday, the company reported its financials for the first quarter of 2022. Starting with revenue, Nordstrom pulled in net sales worth $3.47 million for the quarter. This marks an increase of 18.7% from the same quarter last year. Its Nordstrom banner saw net sales rise by 23.5% year-over-year, exceeding pre-pandemic levels. Next to that, its Nordstrom Rack banner saw a 10.3% increase in net sales from last year. Besides, net earnings were $20 million, with earnings per share of $0.13 for the quarter. Considering Nordstrom’s solid quarter, should you invest in JWN stock?

[Read More] Best Stocks To Invest In Right Now? 5 Value Stocks To Watch This Week

The Wendy’s Company

best consumer stocks (WEN stock)

Next up, we have The Wendy’s Company. For the most part, it is the holding company for the major fast-food chain, Wendy’s. Being one of the world’s largest hamburger fast-food chains, the company boasts over 6,500 restaurants in the U.S. and 29 other countries. The chain is known for its square hamburgers, sea salt fries, and the Frosty, a form of soft-serve ice cream mixed with starches. WEN stock is rising by over 8% on today’s opening bell.

According to an SEC filing, Wendy’s largest shareholder, Trian Partners, is looking into making a potential deal with the company. Trian said that it is considering a deal to “enhance shareholder value.” Also, the firm adds that this could lead to an acquisition or business combination. In response, Wendy’s stated that it is constantly reviewing strategic priorities and opportunities. It added that the company’s board will carefully review any proposal from Trian. Given this piece of news, will you be watching WEN stock?

[Read More] 4 Semiconductor Stocks To Watch In The Stock Market Today

Foot Locker

FL stock

Another stock investors could be watching is the shoes and apparel company, Foot Locker. In brief, the company uses its omnichannel capabilities to bridge the digital world and physical stores. As such, it provides buy online and pickup-in-store services, order-in-store, as well as the growing trend of e-commerce. Some of its most notable brands include Eastbay, Footaction, Foot Locker, Champs Sports, and Sidestep. Last week, the company reported its results for the first quarter of the year.

For starters, total sales came in at $2.175 billion, a slight uptick compared to sales of $2.153 billion in the year prior. Next to that, Foot Locker reported a net income of $133 million. Accordingly, adjusted earnings per share came in at $1.60, beating Wall Street’s expectations of $1.54. CEO Richard Johnson added, “Our progress in broadening and enriching our assortment continues to meet our customers’ demand for choice. These efforts helped drive our strong results in the first quarter, which will allow us to more fully participate in the robust growth of our category going forward.”  As such, is FL stock one to add to your watchlist? 

Tyson Foods 

TSN stock

Tyson Foods is a company that built its name on providing families with wholesome and great-tasting protein products. Its segments include Beef, Pork, Chicken, and Prepared Foods. With some of the fastest-growing portfolio of protein-centric brands, it should not be surprising that TSN stock often comes to mind when investors are looking for the best consumer stocks to buy. 

Earlier this month, Tyson Foods provided its fiscal second-quarter financial update. The company’s total sales for the quarter were $13.1 billion, representing an increase of 15.9% compared to the prior year’s quarter. Meanwhile, its GAAP earnings per share climbed to $2.28, up 75% year-over-year. According to Tyson, these financial figures are a reflection of the increasing consumer demand for its brands and products. To top it off, the company was also able to reduce its total debt by approximately $1 billion. Thus, does TSN stock have a spot on your watchlist?

[Read More] Stock Market Today: Dow Jones, S&P 500 Rise, Wendy’s Stock Gains On Potential Deal

DoorDash

food delivery stocks (DASH Stock)

DoorDash is a consumer company that operates an online food ordering and delivery platform. In fact, it is one of the largest delivery companies in the U.S. and enjoys a huge market share. The company connects hundreds of thousands of merchants to over 25 million consumers in the U.S., Canada, Australia, and Japan through its local logistics platform. Accordingly, its platform allows local businesses to thrive in today’s “convenience economy,” as the company puts it.

On May 5, the company reported its first-quarter financials for 2022. Diving in, it posted a revenue of $1.5 billion, growing by 35% year-over-year. This was driven by total orders that grew by 23% year-over-year to $404 million. Along with that, it reported a GAAP gross profit of $662 million, an increase of 34% year-over-year. The company said that it added more consumers than any quarter since Q1 2021, due in part to the growth of its DashPass members. The growth in Monthly Active Users and average order frequency has helped it gain share in the U.S. Food Delivery category this quarter as well. Given DoorDash’s performance for the quarter, should you watch DASH stock?

If you enjoyed this article and you’re interested in learning how to trade so you can have the best chance to profit consistently then you need to checkout this YouTube channel. CLICK HERE RIGHT NOW!!

The post 5 Top Consumer Stocks To Watch Right Now appeared first on Stock Market News, Quotes, Charts and Financial Information | StockMarket.com.

Read More

Continue Reading

Economics

Finding Shelter in an Inverse ETF

As the old saying goes, “What goes up must come down.” Indeed, up until the recent selling wave caused by Russia’s war against Ukraine and the continued…

Published

on

As the old saying goes, “What goes up must come down.”

Indeed, up until the recent selling wave caused by Russia’s war against Ukraine and the continued effects of supply chain disruptions amid the COVID-19 pandemic, tech stocks, including semiconductors, were the darlings of the investment world. That is, it seemed as if the sky-high valuations of some tech stocks were sustainable in an atmosphere of seemingly perpetual growth.

That, of course, was not the case, and the too-good-to-be-true valuations were quickly brought down to earth by the forces of inflation and tight monetary policy. As a result, the tech-heavy Nasdaq entered a free-fall that has not yet found a bottom.

At the same time, that does not mean that we should abandon the sector as a lost cause. One such way to play the sector during its downhill slide is the exchange-traded fund (ETF) Direxion Daily Semiconductor Bear 3X Shares (NYSEARCA: SOXS).

As its title suggests, this is an inverse ETF, meaning that it is built to go up in value when its parent index goes down. Specifically, SOXS provides three times leveraged inverse exposure to a modified market-cap-weighted index of semiconductor companies that trade in American markets by using swap agreements, futures contracts and short positions.

While the index’s holdings are weighted by market capitalization, the fund’s managers cap the weights of the top five securities in the portfolio at 8% each. The weight of the remaining securities is capped at 4% each.

As of May 24, SOXS has been up 0.37% over the past month and up 24.73% for the past three months. It is currently up 60.47% year to date.

Chart courtesy of www.stockcharts.com

The fund has amassed $258.15 million in assets under management and has an expense ratio of 1.01%.

In short, while SOXS does provide an investor with a way to invest in an inverse ETF, this kind of ETF may not be appropriate for all portfolios. Thus, interested investors always should conduct their due diligence and decide whether the fund is suitable for their investing goals.

As always, I am happy to answer any of your questions about ETFs, so do not hesitate to send me an email. You just may see your question answered in a future ETF Talk.

The post Finding Shelter in an Inverse ETF appeared first on Stock Investor.

Read More

Continue Reading

Stocks

Will Albertsons outperform due to its high return on equity for low beta?

Albertsons Companies Inc. (NYSE:ACI) is trading at $29. The stock has risen 81.25% from the IPO in the last quarter of 2020. In the two years since going…

Published

on

Albertsons Companies Inc. (NYSE:ACI) is trading at $29. The stock has risen 81.25% from the IPO in the last quarter of 2020. In the two years since going public, Albertsons Companies paid dividends each quarter. The annual dividend currently stands at $0.48, with a yield of 1.64%.

Albertsons is rated high on both value and growth. The company’s heritage has been built over the years since its founding in 1939. Today, the company is the second-largest traditional grocer in the US.

The company went public during a pandemic to fund new growth opportunities. However, it faces the headwinds of inflation and bear markets. Despite pressures, Albertsons will be among the few stocks that will outperform the market.

The ROE stands at 74.48%. This is a fundamental strength that should make investors troop to Albertsons. The EPS is at $2.8 and growing at more than 6.13%. At the valuation of $29, the PE is just about 10. All this for a beta of only 0.3, indicating a low risk.

Albertsons has support at $26.80 and resistance at $36.75

Source – TradingView

Albertsons has support at $26.80. This week, the stock has been bullish, having gained 7.82%. It is among a handful of stocks that have been braving the bear markets. This analysis projects that the stock will face some resistance at $36.75. However, it would break out at the next earnings release on July 28. If an investor were to take a position today, there is the likelihood of enjoying significant gains by the next earnings call.

Summary

Albertsons is an attractive value and growth stock. The share is trading at $29 with a price target of $36 by the end of July. Albertsons is also emerging as an attractive dividend stock.

The post Will Albertsons outperform due to its high return on equity for low beta? appeared first on Invezz.

Read More

Continue Reading

Trending