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Check These 3 Penny Stocks Out For Your End of Week List

Which penny stocks are you watching right now?
The post Check These 3 Penny Stocks Out For Your End of Week List appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.

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3 Penny Stocks to Add to Your Watchlist Right Now 

If you’re making a penny stocks watchlist in January 2022, there are hundreds of options to choose from. However, right now and with penny stocks in general, we have to consider what is going on in the stock market. Today, we saw stellar reports from the largest banks in the country with JP Morgan and Wells Fargo beating earnings. 

[Read More] 4 Top Penny Stocks To Watch For A Short Squeeze

In addition, we’ve seen DOGE Coin shoot up by over 20% in the past week, indicating a potential return of the crypto bulls. However, we also have an overwhelming fear in the stock market that is causing a sizable amount of volatility right now. And in the past day or two, we’ve witnessed major market upsets lead to large drops across the board. Despite this, hope is high that the future will be bullish for both penny stocks and blue chips. However, this depends greatly on what happens in the next few months concerning Covid. 

While the pandemic has had less of an impact on how stocks trade in the last few weeks, the after-effects such as inflation and unemployment, continue to have a large effect. So, understand exactly what is going on and how to take advantage. With that in mind, let’s take a look at three penny stocks to watch in January 2022. 

3 Penny Stocks to Watch in January 2022

  1. ATI Physical Therapy Inc. (NYSE: ATIP
  2. Lloyds Banking Group Plc. (NYSE: LYG)
  3. Camber Energy Inc. (NYSE: CEI

ATI Physical Therapy Inc. (NYSE: ATIP) 

With a 23% gain at midday, ATIP stock is one of the largest gainers so far. Despite a one year loss of around 60%, we are seeing a slight bullish turnaround for the company right now. The main reason for today’s gain comes as analysts at Jefferies upgraded the stock from Hold to Buy and gave it a $5 price target from its initial $3.50 target. While analyst ratings are nothing to live or die by, they can be worth considering in your decision. 

If you’re not familiar with ATI Physical Therapy, the company has over 900 clinics across the U.S. These clinics service more than 2.5 million unique patients, where it offers a large range of physical therapy related services. Additionally, the company offers its online platform known as CONNECT, which allows it to conduct virtual physical therapy appointments. The most recent news from the company came last month when it announced the addition of healthcare executive, Teresa Spark to its board of directors. 

“Teresa is a trusted and valued executive with an established track record in healthcare industry finance. We welcome her wealth of experience and knowledge in this space as we continue to hone the right path to success for the company and leadership of ATI.”

The Executive Chairman of ATI, John Larsen

So, with all of this exciting news in mind, do you think that ATIP stock is worth adding to your list of penny stocks to watch?

Lloyds Banking Group Plc. (NYSE: LYG)

Another sizable gainer of the day with above average volume is LYG stock. Over the past twelve months, shares of the financial institution have risen by a staggering 51%. This includes more than 27% of those gains which have occurred in the last month period. 

One of the main reasons behind its recent bullish moves comes as the British banking industry has seen positive sentiment as of late. In addition, the company has made several updates including bringing back dividends, which investors are excited about. From a financial perspective, the company is still working to improve its capital position. The main worry with LYG stock and any financial services or financial institution stock right now is the pandemic. 

[Read More] Stock Market News For Today, January 14th, 2022

While the major fears surrounding Omicron have somewhat dissipated, the after effects of the pandemic will likely continue to be widespread. So, while it is hard to say with any certainty what performance we can expect with LYG stock, there’s no doubting its recent popularity. Considering this, will it be on your penny stocks watchlist moving forward?

Penny_Stocks_to_Watch_Lloyds Banking Group (LYG Stock Chart)

Camber Energy Inc. (NYSE: CEI) 

One of the most popular penny stocks of the past year or so has been Camber Energy Inc. In the last six months, shares of CEI stock have shot up by over 30%. However, from August 31st to September 30th, shares of CEI stock climbed by more than 600%. This staggering gain is a reflection of CEI’s placement as both a meme stock and a Reddit penny stock. 

While it did reach almost $5 per share in that time, we’ve seen Camber Energy fall back down to a much more reasonable price. If you’re not familiar, Camber is an independent oil and gas exploration company. It also has a majority-stake in Viking Energy as well as Simson-Maxwell Ltd. And more recently, the company licensed a carbon-capture technology from ESG Clean Energy. 

So, it’s clear that CEI is making major headway in the stock market right now. And while it is difficult to say whether it can keep gaining or not moving forward, there’s no doubting its popularity right now. Keep in mind that CEI stock is highly volatile. And because of this, it’s likely to see it move frequently and in large amounts. So, whether this makes CEI stock worth buying or not is up to you. 

Penny_Stocks_to_Watch_Camber

Can Penny Stocks Make Gains Throughout January?

If you’re looking for the best penny stocks to buy right now, it all depends on what is going on in the stock market. While it can seem difficult to make money with penny stocks given the sheer amount of events occurring simultaneously, there are plenty of ways to do so. 

[Read More] How to Buy Good Penny Stocks In 2022: Tips & Tricks For New Traders

The best method is to have a consistent trading strategy that can adapt to the shifting tides of the market. In addition, knowing how to take advantage of the current state of the economy and stock market, will be a major benefit to how you trade. Considering all of this, do you think that penny stocks can continue to make gains in January 2022?


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 Check These 3 Penny Stocks Out For Your End of Week List appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.

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Economics

Boeing Jumps On First Positive Cash Flow Since 2019 Despite Another Huge 787 Charge

Boeing Jumps On First Positive Cash Flow Since 2019 Despite Another Huge 787 Charge

It was another painful quarter for Boeing, which reported revenue and earnings both of which missed expectation amid mounting 787 Dreamliner losses which…

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Boeing Jumps On First Positive Cash Flow Since 2019 Despite Another Huge 787 Charge

It was another painful quarter for Boeing, which reported revenue and earnings both of which missed expectation amid mounting 787 Dreamliner losses which amounted to another $3.5 billion in pre-tax non-cash charge s (focused on actions required to resume deliveries) however a surprise boost in 737 Max output from 19 to 26 per month was welcome news as was the unexpected end of the company's chronic cash burn as Boeing reported its first positive free cash flow since early 2019.

First, this is what Boeing reported for Q4:

  • Revenue $14.79 billion, -3.2% q/q, -3.3% y/y, missing estimates $16.67 billion (Bloomberg Consensus)
  • Core loss per share of ($7.69), on the continued Dreamliner charges, which was an "improvement" from the whopping ($15.25) reported but clearly missed estimates of (0.42).

If the massive Q4 charge was not enough, Boeing now sees 787-Related abnormal costs about $2B, above from the $1BN it had seen previously. The company said that it continues to perform rework on 787 in inventory and is focused on actions required to resume 787 deliveries.

Remarkably, as the following table from Boeing's earnings release shows, pretty much every Y/Y comparison is NM, which should tell you all you need to know about the company's headline financials.

And a prettier rendering:

Looking at revenue we get the following disappointing picture:

  • Commercial Airplanes revenue $4.75 billion, +0.5% y/y, missing estimates $5.50 billion
  • Defense, Space & Security revenue $5.86 billion, -14% y/y, missing estimate $6.85 billion
  • Global Services revenue $4.29 billion, +15% y/y, beating estimate $4.18 billion
  • Boeing Capital operating earnings $7 million, missing the estimate $24.4 million
  • Total commercial planes deliveries 99, +68% y/y, missing the estimate 102.36
  • Backlog $377 billion, +3.9% y/y

Adding insult to injury, the planemaker reported $5.5 billion in total costs to cover rising factory and customer expenses for the Dreamliner. Boeing took write-offs on the KC-46 aerial tanker and the global services division as well. As Bloomberg notes,
the 787 program’s profits have been wiped out as Boeing pays airlines for service they’ve lost because of delivery disruptions. The company hasn’t handed over any Dreamliners since June as it addresses structural imperfections on the roughly 100 aircraft in its system.

“This effort continues to impact our deliveries and our financial results -- but we are fully confident it is the right thing to do,” Calhoun’s memo said. “I view the financial impacts of this work as a long-term investment in a program that has significant runway ahead.”

It wasn't all bad news, however, as Boeing announced it is hiking the output of the 737 to 26 jets a month, up from 19 in October, Chief Executive Officer Dave Calhoun said in a note to employees. That was taken by the market as a sign the planemaker may be turning around its operations after burning through more than $31 billion during a nearly three-year-long slump marked by the Max’s grounding, the Covid-19 pandemic and a spate of quality lapses.

Looking ahead, Boeing said it still expects passenger traffic to return to 2019 levels in 2023 to 2024, and said that commercial recovery is broadening as regional dynamics continue to evolve driven by COVID-19. It also said says increasing 777/777X production rate to 3 per month in 2022.

But the biggest positive surprise was the company's announcement that in Q4, it generated $494 million in fourth-quarter free cash flow, up from a cash burn of over $4.2 billion a year ago; analysts had expected an outflow of about $1 billion.

This was the first positive FCF from Boeing since Q1 2019. It also meant that operating cash flow of $716 million as beat estimates of negative $429.0 million and was far above the negative $4.01 billion reported a year ago.

"2021 was a rebuilding year for us as we overcame hurdles and reached key milestones across our commercial, defense and services portfolios. We increased 737 MAX production and deliveries, and safely returned the 737 MAX to service in nearly all global markets. As the commercial market recovery gained traction, we also generated robust commercial orders, including record freighter sales. Demonstrating progress in our overall recovery, we also returned to generating positive cash flow in the fourth quarter," said David Calhoun, Boeing President and Chief Executive Officer.

"On the 787 program, we're progressing through a comprehensive effort to ensure every airplane in our production system conforms to our exacting specifications. While this continues to impact our near-term results, it is the right approach to building stability and predictability as demand returns for the long term. Across the enterprise, we remain focused on safety and quality as we deliver for our customers and invest in our people and in our sustainable future."

Also notably, the company which has been flirting with junk status for the past two years, managed to reduce its gross debt load again, even if its net debt remained unchanged as the entire reduction came at the expense of cash on hand.

Boeing shares ignored the latest huge 787 charge and operating loss and instead focused on the positive free cash flow and improvement in 737 MAX output, and rose 2% premarket. The shares gained 1.4% this year through Tuesday, while the Dow Jones Industrial Average dropped 5.6%.

Benchmark called Q4 a “kitchen sink” quarter, and noted that the Max production schedule was progressing, which is the main focus for analysts and investors. 

The company's Q4 investor presentation is below (pdf link)

Tyler Durden Wed, 01/26/2022 - 09:05

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Government

Stock Market Today: Dow Jones, S&P 500 Rebounds; Microsoft Rebounds Ahead Of FOMC Meeting

Investors are eagerly waiting for the Federal Reserve policy-setting meeting.
The post Stock Market Today: Dow Jones, S&P 500 Rebounds; Microsoft Rebounds Ahead Of FOMC Meeting appeared first on Stock Market News, Quotes, Charts and Financial Informat

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Stock Market Today Mid-Morning Updates

On Wednesday, the Dow Jones Industrial Average is up by 380 points after yet another steep decline yesterday. Investors are anticipating the Federal Reserve’s press conference about its tightening plans after its two-day Federal Open Market Committee (FOMC) meeting. This is in the hopes that the Fed will reassure the markets on its outlook for monetary policy. Anticipation over a pullback in Federal Reserve stimulus has left the stock market in a volatile state.

It also sets the stage for the central bank policy-setting meeting this week. Although the Fed has signaled that it will likely raise rates multiple times this year, the first post-pandemic rate increase is not expected this week. Instead, the FOMC policy-setting will outline the higher rates coming in its March meeting. “It really is time for us to begin to move away from those emergency pandemic settings to a more normal level,” Fed Chairman Jerome Powell told Congress two weeks ago, adding that “2022 will be the year in which we take steps toward normalization.”

Among the Dow Jones leaders, shares of Apple (NASDAQ: AAPL) are up 1.24% today while Microsoft (NASDAQ: MSFT) is also up by 4.69%. Home Depot (NYSE: HD) and Nike (NYSE: NKE) ticked higher on Wednesday as well. Among the Dow financial leaders, Visa (NYSE: V) and Goldman Sachs (NYSE: GS) are trading higher at 2.66% and 2.08% respectively.

Shares of electric vehicle (EV) leader Tesla (NASDAQ: TSLA) are up by 3.06% on Wednesday. Rival EV companies like Rivian (NASDAQ: RIVN) and Lucid Group (NASDAQ: LCID) are also up by 4.45% and 0.28% today. Chinese EV leaders like Li Auto (NASDAQ: LI) and Xpeng Motors (NYSE: XPEV) are also trading higher at 3.26% and 2.34% respectively.

Dow Jones Today: Indicators Could Point To A March Interest Rate Hike

Following the stock market opening on Wednesday, the S&P 500, Dow Jones, and Nasdaq are trading 1.80%, 1.36%, and 2.31% higher. Among exchange-traded funds, the Nasdaq 100 tracker Invesco QQQ Trust (NASDAQ: QQQ) is up by 2.05% on Wednesday, while the SPDR S&P 500 ETF (NYSEARCA: SPY) is also up by 1.77%.

The 10-year Treasury yield dipped to around 1.77% early on Wednesday after the benchmark yield topped 1.9% highs since January 2020. With inflation persisting over the last few months, how the Fed plans to further combat it will be the focus of investors today as the central bank releases its policy statement at 2:00 p.m. ET. Chairman Jerome Powell will hold his post-meeting news conference at 2:30 p.m. ET.

[Read More] Best Stocks To Invest In 2022? 4 Tech Stocks For Your Watchlist

U.S. Auto Sales Expected To Dip In January

Today, consultants J.D. Power and LMC Automotive say that U.S. auto retail sales are expected to dip. This is due to reduced manufacturing from the Omicron variant, supply chain constraints, and global inflation that caused prices to soar amid high demand. They expect retail sales of new vehicles to fall 8.3% to 828,900 units from a year earlier.

The volume of new vehicles being delivered to dealerships in January has been insufficient to meet strong consumer demand, resulting in a significantly diminished sales pace,” said Thomas King, president of the data and analytics division at J.D. Powers. With consumer demand skyrocketing in recent months, new vehicle prices could continue to go up.

Boeing Posts Positive Cash Flow Despite Massive Miss On Earnings Estimates

On the earnings front today, we have Boeing (NYSE: BA) reporting in. To begin with, the aerospace giant posted a loss per share of $7.69 on revenue of $14.8 billion. Now, at face value, some would argue that these figures are less-than-desirable. For some perspective, this is versus Wall Street’s estimates of a loss of $0.42 a share on revenue of $16.59 billion. All of this adds up to make for Boeing’s third annual loss in a row amidst pandemic and production problems. For this quarter, its losses are likely due to Boeing taking a $3.5 billion charge on its 787 Dreamliners. This charge would be from production issues preventing the firm from delivering aircraft for the past 15 months. 

However, there is one positive point from this earnings call. That is, Boeing was able to generate a positive cash flow in its latest quarter. Notably, this is a major milestone for the firm as the last time it did so was before the pandemic. According to Boeing, a key growth driver contributing to this would be the deliveries of its 737 Max airliner. As demand for air travel did pick up over the previous quarter, this is not all that surprising.

According to CEO David Calhoun, the company sees 2021 as a “key rebuilding year.” Following this, Calhoun says, “I am confident that we are well-positioned to accelerate our progress in 2022 and beyond.” The real question now is whether investors should jump on BA stock which is trading lower by 1.28% today.

BA stock chart
Source: TD Ameritrade TOS

[Read More] Top Stocks To Buy For 2022? 4 Work-From-Home Stocks In Focus

Microsoft Shares Jump On Earnings Beat And Notable Strength In Cloud Business

At the same time, Microsoft seems to be on the other end of the spectrum from Boeing. In its latest quarterly earnings update yesterday, the company saw green across the board. Namely, it raked in a total revenue of $51.73 billion for the quarter, topping estimates of $50.88 billion.

This would indicate a record high for Microsoft alongside it crossing the $50 billion revenue mark for the first time. Also, the leading productivity software firm posted an earnings per share of $2.48, beating forecasts of $2.31. In terms of year-over-year comparisons, revenue and net income increased by 20% and 21% respectively. As a result of all this, MSFT stock is currently trading higher by 4.69% today.

More importantly, according to CFO Amy Hood, the company has and continues to see strength across its core services. Among its top-performing divisions would be its cloud computing arm, Microsoft Azure. The likes of which posted a revenue jump of 46% year-over-year. After considering all of this, investors appear to be keen on MSFT stock now. Even Dan Ives, managing director at Wedbush Securities says, “We’re buyers here all day long,” referring to the company’s shares.

Microsoft (MSFT) earnings
Source: TD Ameritrade

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 Stock Market Today: Dow Jones, S&P 500 Rebounds; Microsoft Rebounds Ahead Of FOMC Meeting appeared first on Stock Market News, Quotes, Charts and Financial Information | StockMarket.com.

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Spread & Containment

First Helium Licenses Second Exploration Well at Worsley

TSXV: HELI   FRA: 2MC Drilling of the "4-29" Well Planned for Mid-February First Helium Inc. ("First Helium" or the "Company") (TSXV: HELI) (FRA: 2MC), today announced that it has received its license from the Alberta Energy Regulator ("AER")…

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TSXV: HELI   FRA: 2MC

Drilling of the "4-29" Well Planned for Mid-February

First Helium Inc. ("First Helium" or the "Company") (TSXV: HELI) (FRA: 2MC), today announced that it has received its license from the Alberta Energy Regulator ("AER") to drill its second exploration well, the " 4-29 ", which is located on First Helium's 100% owned, 79,000 acre Worsley landholdings in Northern Alberta, Canada . The Company expects to begin drilling operations in mid-February, 2022.

"Identified by a comprehensive 3D seismic study, the "4-29" well location at Worsley will be drilled as a follow up to our successful 1-30 well, targeting multiple helium gas horizons and potential oil accumulations," said Ed Bereznicki , President & CEO of First Helium. "Drilling 4-29 is an opportunity to build on the strong results from the 15-25 and 1-30 discovery wells, which collectively represent significant growth potential and underlying asset value to First Helium shareholders."

The 4-29 well is located near the Company's 1-30 light oil discovery well, and approximately 3 km SE of the 15-25 helium well on the core Worsley Property. A geologic and seismic review of the region suggests that like the 1-30 and 15-25, the 4-29 prospect presents as a structural high on the Leduc Reef Complex.

The 1-30 light oil discovery well tested at approximately 419 barrels of 35 degree API light oil over 3 days and is expected to be brought on-stream in early February at approximately 400 barrels per day.

The 15-25 was most recently tested last month to contain 1.3% helium content based on a 10-day flow period at 2 million cubic feet per day of raw gas. The raw gas stream is comprised of approximately 65% natural gas, which will be produced along with the helium gas, sold to market and also used to generate power for facility operations.

The 1-30 Leduc well was drilled based on a detailed 3D seismic evaluation of the Worsley Property.  The results confirm the Company's geologic model for the area.  Based on the Company's assessment of economic Leduc wells along the Worsley Trend, approximately 20% have been light oil producers, the balance have been natural gas producers containing potential economic helium content.  A detailed geological and geophysical evaluation of the Company's lands in the vicinity of the 15-25 well, the 1-30 well, and along the broader Worsley Trend has yielded additional compelling drill targets.  First Helium will incorporate the results from the drilling and testing of the 4-29 well to strategically pursue new drilling locations across the highly prospective, 90 km wide Worsley Trend.

ABOUT First Helium

Led by a core Senior Executive Team with extensive backgrounds in Oil & Gas Exploration and Operations, Mining, Finance, Capital Markets and public junior growth companies, First Helium seeks to be one of the leading independent providers of helium gas in North America .

Building on its successful 15-25 helium discovery well at the Worsley project, the Company has identified numerous follow-up drill locations and acquired an expansive infrastructure system to facilitate future exploration and development of helium across its Worsley land base.  Future cash flow from its successful 1-30 oil well at Worsley , anticipated to begin in Q1 2022, will help support First Helium's ongoing helium exploration and development growth strategy.

First Helium holds over 79,000 acres along the highly prospective Worsley Trend in Northern Alberta , and 276,000 acres in the Southern Alberta Helium Fairway, near existing helium production.  In addition to continuing its ongoing exploration and development drilling at Worsley , the Company has identified a number of high impact helium exploration targets on the prospective Southern Alberta Helium Fairway lands to set up a second core exploration growth area for the Company.

For more information about the Company, please visit www.firsthelium.com .

ON BEHALF OF THE BOARD OF DIRECTORS

Edward J. Bereznicki
President, CEO and Director

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX) accepts responsibility for the adequacy or accuracy of this release.

FORWARD-LOOKING AND CAUTIONARY STATEMENTS

This news release contains certain statements or disclosures relating to First Helium that are based on the expectations of its management as well as assumptions made by and information currently available to First Helium which may constitute forward-looking statements or information ("forward-looking statements") under applicable securities laws. All such statements and disclosures, other than those of historical fact, which address activities, events, outcomes, results, or developments that First Helium anticipates or expects may or will occur in the future (in whole or in part) should be considered forward-looking statements. In some cases, forward-looking statements can be identified by the use of the words "expect", "will" and similar expressions. In particular, but without limiting the foregoing, this news release contains forward-looking statements pertaining to the timing and rate of production of the 1-30 discovery well; the timing of the completion of the construction and commissioning of an oil battery at 1-30; anticipated cash flows; the entering into of off-take marketing arrangements; the use of funds and the Company's strategy. The forward-looking statements contained in this news release reflect several material factors and expectations and assumptions of First Helium including, without limitation: that First Helium will continue to conduct its operations in a manner consistent with past operations; the general continuance of current or, where applicable, assumed industry conditions; availability of debt and/or equity sources to fund First Helium's capital and operating requirements as needed; and certain cost assumptions.

Forward-looking statements are based on estimates and opinions of management at the date the statements are made and are subject to risks, uncertainties and assumptions, including those set out in the Final Prospectus dated June 28, 2021 and filed under the Company's profile on SEDAR at www.sedar.com .  Readers are cautioned that actual results may vary materially from the forward-looking statements made in this news release. Risks that could cause actual events or results to differ materially from those projected in forward-looking statements include, but are not limited to, risks associated with the oil and gas industry; the ability of First Helium to fund the capital and operating expenses necessary to achieve its business objectives; the impact of the COVID-19 pandemic on the business and operations of First Helium; the state of financial markets; increased costs and physical risks relating to climate change; loss of key employees and those risks described in the Final Prospectus dated June 28 , 2021.  First Helium does not undertake any obligation to update forward looking statements, except as required by applicable securities laws. Investors should not place undue reliance on forward-looking statements.

SOURCE First Helium Inc.

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