Check These 3 Penny Stocks Out in January 2022
With so much going on in the stock market right now, it can seem difficult to find the best penny stocks to buy. However, because there are so many factors at play, understanding where to look can mean the difference between profits and losses. While trading penny stocks today and in the past week has not been easy, there are several penny stocks that are still making headway.
In the past few trading days, we’ve seen biotech stocks take a front-row seat, with other industries following behind. As you may know, today, we witnessed the Dow drop by more than 600 points with bond yields rising and earnings season getting off to a shaky start. All of these are worth considering as they have major and material effects on how penny stocks trade.
[Read More] Best High Volume Penny Stocks to Watch Right Now
So, while it is complicated to understand how to make money with penny stocks given these extraordinary factors, it can be done. Because penny stocks are so speculative, understanding how each of these factors will affect your portfolio is crucial. And, with the pandemic still in full effect, there are a lot of aspects to keep track of in 2022.
But, with the right information by your side and a commitment to understanding how to trade, it can be much easier than previously imagined. With that in mind, let’s take a look at three penny stocks to add to your watchlist in January 2022.
3 Penny Stocks to Add to Your Watchlist in January
DatChat Inc. (NASDAQ: DATS)
Today, shares of DATS stock shot up by over 44% by EOD. Before we get into why, we have to take a look at what DatChat Inc. does. DatChat Inc. is a tech penny stock working in the fields of blockchain, cybersecurity, social media, and much more.
It offers its DatChat Messenger and Private Social Network technology which is a major service for its customers. Today, the company announced that it has initiated a development platform for web 3.0. This platform will facilitate the protection of NFTs and encrypted messaging.
“The construction and implementation of this innovative platform is a critical step in DatChat’s strategic growth plan. By utilizing our proprietary technology, our platform will allow users to safeguard their data and digital assets in a completely decentralized environment.”The CEO of DatChat, Darin Myman
Right now, blockchain, NFTs and anything pertaining to those are extremely popular. And as a result, DATS stock has increased significantly in value today. In addition, the company has big plans to move further into the Metaverse with Mark Mathis as its Chief Blockchain Architect. So, with all of this exciting news in mind, will DATS be on your list of penny stocks to watch?
Kosmos Energy Ltd. (NYSE: KOS)
In the past month, shares of KOS have climbed by over 47% with an 8% and 4.8% gain in the past five days and today respectively. Because of this, we’ve covered KOS stock several times since December of 2021. But, today’s gain comes from exciting news regarding the company’s plans to complete drilling at its Winterfell-2 appraisal well in the Green Canyon area of the Gulf of Mexico. The company states that this well could have better oil saturation than the company expected, and could hold up to 100 million barrels gross.
“The positive result from Winterfell-2 appraisal well demonstrates the greater potential in the Winterfell area. The well results are encouraging and provide the support needed to advance a low-cost, lower-carbon development scheme that could be brought online in around two years.”The CEO of Kosmos Energy, Andrew G. Inglis
In the past few months, we’ve witnessed major momentum in the energy industry. This momentum has been with both green energy companies and those like Kosmos, working in the fossil fuel sector of the market. So, considering all of this, will KOS be on your penny stocks watchlist this month?
Gaotu Techedu Inc. (NYSE: GOTU)
With a 4% gain at EOD today, GOTU stock is once again focus for many investors. In the past five days, that number jumps to over 13%, which is no small feat. And with the previous yearly performance of the Chinese education sector, these recent gains are a welcomed advancement. The most recent news from the company came in an update on January 13th.
In the update, the company stated that it has begun moving to streaming e-commerce as well as the sale of agricultural products online. After months of working on what to do following the major crackdown on Chinese education companies, many are still figuring out how to proceed. The founder of Gaotu, Yu Minhong, has stated his refusal to shut the company down with over 50,000 employees depending on him. Because of this, the company is now looking for any opportunity to keep its business afloat.
Additionally, Gaotu is not alone in this regard with other players like EDU stock, also following suit. So, while there is a lot for the company to figure out right now, there is also a lot on the horizon. And with its high volatility, it may be worth taking a step back. But, with this movement has also come potential for some investors. So, with all of that considered, it’s up to you whether GOTU stock is worth buying or not.
Which Penny Stocks Are You Watching Right Now?
If you’re looking for the best penny stocks to buy, there are hundreds of options to choose from. But, to make money with penny stocks you have to have a thorough understanding of what is going on in the stock market. And right now, this includes the pandemic, high inflation, interest rate increases, and the potential for more Covid cases.
So, keep all of these things in mind and use them in your trading strategy. In 2022, having a trading strategy is the best thing you can do to increase your chances of profitability. With all of that in mind, which penny stocks are you watching right now?
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!
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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,…
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 Inc. (NYSE: JWN)
- The Wendy’s Company (NASDAQ: WEN)
- Foot Locker Inc. (NYSE: FL)
- Tyson Foods Inc. (NYSE: TSN)
- DoorDash Inc. (NYSE: DASH)
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?
The Wendy’s Company
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?
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 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?
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!!recession pandemic dow jones sp 500 nasdaq stocks consumer spending japan canada
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…
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.nasdaq stocks pandemic covid-19 monetary policy etf russia ukraine
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…
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
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.
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.stocks pandemic
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