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Great Penny Stocks to Buy Today? 3 to Watch Right Now

Looking for great penny stocks to buy? Check these 3 out for your watchlist
The post Great Penny Stocks to Buy Today? 3 to Watch Right Now appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.

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3 Penny Stocks that Could Rival AMC, BB, and GME

Over the past week or so, penny stocks have gained quite a lot of momentum. This is an exciting sign as the past two months have not been the kindest to investors. With lower than average volume, and most days seeing the market trading sideways, trading penny stocks has been difficult. 

However, as the Summer is upon us, many investors are excited about a post-pandemic market boom. This excitement has been seen over the past few days with BB stock, AMC stock, and other ‘meme stocks’ as they are colloquially known. For those unfamiliar with this term, meme stock applies to any stocks that are highly trending on social media. 

This began with GME stock, following its major rise in value due to Reddit traders. However, since then, many stocks have come close in terms of fast-paced bullish sentiment. One thing to keep in mind is that meme stocks tend to be more volatile than most. And if we add penny stocks into that, we see the volatility become even higher. But, with great volatility comes great potential to see profits (and losses). 

[Read More] Reddit Penny Stocks to Watch in 2021, 4 For Your List In June 2021

Most investors tend to use penny stocks as a short-term financial instrument. Because of this, speculation and large price fluctuations are important to this strategy. At the end of the day, making money with penny stocks is all about understanding how the market works and how to trade. With that in mind, let’s take a look at three great penny stocks to watch today that could rival AMC, BB, and GME. 

3 Great Penny Stocks to Watch Right Now

  1. NextDecade Corp. (NASDAQ: NEXT
  2. Digital Ally Inc. (NASDAQ: DGLY
  3. Sonim Technologies Inc. (NASDAQ: SONM

NextDecade Corp. (NASDAQ: NEXT) 

Up by a staggering 54% in morning trading is NextDecade Corp. We covered NEXT stock only a few days ago, after rising in the low double-digit percentage points. However, as of June 8th, NEXT is no longer considered a penny stock if it closes above $5 per share. 

While large gains with penny stocks can be common, we don’t usually see an over 50% gain in one day. To explain this, let’s take a closer look at NEXT stock. Today, a research report came out from Morgan Stanley, putting a major bullish rating on NextDecade of ‘Overweight’. Additionally, the analyst firm upgraded its price target for NEXT stock to $6 from $2. 

The reason behind this is that Morgan Stanley believes the energy sector is recovering. And, lower than usual supplies, could result in increased demand. If we use simple finance principles, high demand and low supply mean higher prices. So, while this may take some time, NextDecade is positioned well to take advantage. And, the company’s recently announced major carbon capture project is another added value prospect for investors to consider. 

This analyst rating increase, however, comes only a few days after Sean Morgan at Evercore ISI, became bullish on NEXT stock, also tripling the price target. Since June 1st, shares of NEXT are up by over 150%. And let’s not forget that June 1st was only one week ago. Considering this, will NextDecade be on your list of penny stocks to watch?

Digital Ally Inc. (NASDAQ: DGLY) 

Another big gainer of the day so far is DGLY stock, pushing up by around 10% in morning trading. This move comes as the company announced the formation of a new business unit to diversify its model. For some context, Digital designs and manufactures high-quality video recording hardware and analytic software. Its products are in use across law enforcement, emergency management, fleet safety, event security, and more. 

[Read More] Why Investing in Penny Stocks in 2021 is Unlike Any Other Time

Last year, Digital Ally announced the Shield Health Protection Product line. The goal with this is to provide PPE such as disinfectants, electrostatic sprayers, and more for use against Covid-19. Going back to today’s announcement, the company created Digital Ally Healthcare Inc. With this, it will move toward creating products for use in the healthcare industry. 

“Healthcare represented approximately $3.5 trillion or 18% of the U.S. economy annually. Last year we added the Shield Health Protection Products line to address parts of the health and wellness market.

The shield line includes Shield Cleansers, a highly effective, yet safe, disinfectant and sanitizer for use against SARS-CoV-2, a non-contact thermometer/controlled-entry device, an electrostatic sprayer for fast and efficient disinfecting of large areas, and a variety of personal protective equipment including face masks, gloves, and sanitizer wipes.” 

Stan Ross, CEO of Digital Ally

The move mentioned above comes alongside Digital Healthcare entering into a venture with Nobility LLC to move even further into the health market. Digital Healthcare will place $13.5 million in cash into the venture to begin acquiring RCM companies. Considering these big moves, will DGLY stock be on your watchlist this month?

Penny_Stocks_to_Watch_Digital Ally Inc. (DGLY Stock Chart)

Sonim Technologies Inc. (NASDAQ: SONM)

Up almost 18% in morning trading are shares of the tech penny stock, SONM. Today, Sonim announced that it and Mem-Star rugged will “bring Sonim’s ultra-rugged XP8 smartphone and XP5s feature phone to the United Kingdom through [the] Crown Commercial Service Purchasing Platform.”

For those who don’t know, Sonim is a U.S.-based provider of rugged mobility solutions for various workforce applications. This includes rugged mobile phones, handheld barcode scanners, tablets, and a whole slew of applications to back them. 

Today’s move is a great example of the company working tirelessly to commercialize its products further. And while it does have a large market presence in the U.S., building an international demand for its products will be a major benefit to the company. In its first-quarter 2021 report, announced last month, Sonim brought in net revenue of around $12.2 million. Additionally, it managed to increase its gross profit by 14% year over year, while albeit pulling in a GAAP net loss of $9.3 million. 

In May, Sonim also announced its RS60 handheld computer and barcode scanner. Because this product was only released last month, it could take some time before commercialization takes place. But, with the need for ultra-rugged mobile solutions increasing daily, SONM is well-positioned to take advantage. If it can continue to secure contracts both in the U.S. and globally, there’s no telling how far SONM could go. In the meantime, Sonim Technologies could be worth watching. 

Penny_Stocks_to_Watch_Sonim Technologies Inc. (SONM Stock Chart)

Will The Market Continue to Turn Bullish for Penny Stocks?

As we move further into the Summer, June is already shaping up to be a great month for the stock market. With plenty of penny stocks pushing big gains today, investors remain hopeful for the coming months.

[Read More] Best Penny Stocks to Buy Right Now? 3 NFT Stocks to Watch in June

Understanding how to buy and sell penny stocks, however, will always be your best chance at seeing long-term success. And with a trading education to back you, making money with small caps can be completely possible. Considering this, what do you think? Will the market continue to turn bullish for penny stocks?

The post Great Penny Stocks to Buy Today? 3 to Watch Right Now appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.

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Government

Survey Shows Declining Concerns Among Americans About COVID-19

Survey Shows Declining Concerns Among Americans About COVID-19

A new survey reveals that only 20% of Americans view covid-19 as "a major threat"…

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Survey Shows Declining Concerns Among Americans About COVID-19

A new survey reveals that only 20% of Americans view covid-19 as "a major threat" to the health of the US population - a sharp decline from a high of 67% in July 2020.

(SARMDY/Shutterstock)

What's more, the Pew Research Center survey conducted from Feb. 7 to Feb. 11 showed that just 10% of Americans are concerned that they will  catch the disease and require hospitalization.

"This data represents a low ebb of public concern about the virus that reached its height in the summer and fall of 2020, when as many as two-thirds of Americans viewed COVID-19 as a major threat to public health," reads the report, which was published March 7.

According to the survey, half of the participants understand the significance of researchers and healthcare providers in understanding and treating long COVID - however 27% of participants consider this issue less important, while 22% of Americans are unaware of long COVID.

What's more, while Democrats were far more worried than Republicans in the past, that gap has narrowed significantly.

"In the pandemic’s first year, Democrats were routinely about 40 points more likely than Republicans to view the coronavirus as a major threat to the health of the U.S. population. This gap has waned as overall levels of concern have fallen," reads the report.

More via the Epoch Times;

The survey found that three in ten Democrats under 50 have received an updated COVID-19 vaccine, compared with 66 percent of Democrats ages 65 and older.

Moreover, 66 percent of Democrats ages 65 and older have received the updated COVID-19 vaccine, while only 24 percent of Republicans ages 65 and older have done so.

“This 42-point partisan gap is much wider now than at other points since the start of the outbreak. For instance, in August 2021, 93 percent of older Democrats and 78 percent of older Republicans said they had received all the shots needed to be fully vaccinated (a 15-point gap),” it noted.

COVID-19 No Longer an Emergency

The U.S. Centers for Disease Control and Prevention (CDC) recently issued its updated recommendations for the virus, which no longer require people to stay home for five days after testing positive for COVID-19.

The updated guidance recommends that people who contracted a respiratory virus stay home, and they can resume normal activities when their symptoms improve overall and their fever subsides for 24 hours without medication.

“We still must use the commonsense solutions we know work to protect ourselves and others from serious illness from respiratory viruses, this includes vaccination, treatment, and staying home when we get sick,” CDC director Dr. Mandy Cohen said in a statement.

The CDC said that while the virus remains a threat, it is now less likely to cause severe illness because of widespread immunity and improved tools to prevent and treat the disease.

Importantly, states and countries that have already adjusted recommended isolation times have not seen increased hospitalizations or deaths related to COVID-19,” it stated.

The federal government suspended its free at-home COVID-19 test program on March 8, according to a website set up by the government, following a decrease in COVID-19-related hospitalizations.

According to the CDC, hospitalization rates for COVID-19 and influenza diseases remain “elevated” but are decreasing in some parts of the United States.

Tyler Durden Sun, 03/10/2024 - 22:45

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International

Rand Paul Teases Senate GOP Leader Run – Musk Says “I Would Support”

Rand Paul Teases Senate GOP Leader Run – Musk Says "I Would Support"

Republican Kentucky Senator Rand Paul on Friday hinted that he may jump…

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Rand Paul Teases Senate GOP Leader Run - Musk Says "I Would Support"

Republican Kentucky Senator Rand Paul on Friday hinted that he may jump into the race to become the next Senate GOP leader, and Elon Musk was quick to support the idea. Republicans must find a successor for periodically malfunctioning Mitch McConnell, who recently announced he'll step down in November, though intending to keep his Senate seat until his term ends in January 2027, when he'd be within weeks of turning 86. 

So far, the announced field consists of two quintessential establishment types: John Cornyn of Texas and John Thune of South Dakota. While John Barrasso's name had been thrown around as one of "The Three Johns" considered top contenders, the Wyoming senator on Tuesday said he'll instead seek the number two slot as party whip. 

Paul used X to tease his potential bid for the position which -- if the GOP takes back the upper chamber in November -- could graduate from Minority Leader to Majority Leader. He started by telling his 5.1 million followers he'd had lots of people asking him about his interest in running...

...then followed up with a poll in which he predictably annihilated Cornyn and Thune, taking a 96% share as of Friday night, with the other two below 2% each. 

Elon Musk was quick to back the idea of Paul as GOP leader, while daring Cornyn and Thune to follow Paul's lead by throwing their names out for consideration by the Twitter-verse X-verse. 

Paul has been a stalwart opponent of security-state mass surveillance, foreign interventionism -- to include shoveling billions of dollars into the proxy war in Ukraine -- and out-of-control spending in general. He demonstrated the latter passion on the Senate floor this week as he ridiculed the latest kick-the-can spending package:   

In February, Paul used Senate rules to force his colleagues into a grueling Super Bowl weekend of votes, as he worked to derail a $95 billion foreign aid bill. "I think we should stay here as long as it takes,” said Paul. “If it takes a week or a month, I’ll force them to stay here to discuss why they think the border of Ukraine is more important than the US border.”

Don't expect a Majority Leader Paul to ditch the filibuster -- he's been a hardy user of the legislative delay tactic. In 2013, he spoke for 13 hours to fight the nomination of John Brennan as CIA director. In 2015, he orated for 10-and-a-half-hours to oppose extension of the Patriot Act

Rand Paul amid his 10 1/2 hour filibuster in 2015

Among the general public, Paul is probably best known as Capitol Hill's chief tormentor of Dr. Anthony Fauci, who was director of the National Institute of Allergy and Infectious Disease during the Covid-19 pandemic. Paul says the evidence indicates the virus emerged from China's Wuhan Institute of Virology. He's accused Fauci and other members of the US government public health apparatus of evading questions about their funding of the Chinese lab's "gain of function" research, which takes natural viruses and morphs them into something more dangerous. Paul has pointedly said that Fauci committed perjury in congressional hearings and that he belongs in jail "without question."   

Musk is neither the only nor the first noteworthy figure to back Paul for party leader. Just hours after McConnell announced his upcoming step-down from leadership, independent 2024 presidential candidate Robert F. Kennedy, Jr voiced his support: 

In a testament to the extent to which the establishment recoils at the libertarian-minded Paul, mainstream media outlets -- which have been quick to report on other developments in the majority leader race -- pretended not to notice that Paul had signaled his interest in the job. More than 24 hours after Paul's test-the-waters tweet-fest began, not a single major outlet had brought it to the attention of their audience. 

That may be his strongest endorsement yet. 

Tyler Durden Sun, 03/10/2024 - 20:25

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Government

The Great Replacement Loophole: Illegal Immigrants Score 5-Year Work Benefit While “Waiting” For Deporation, Asylum

The Great Replacement Loophole: Illegal Immigrants Score 5-Year Work Benefit While "Waiting" For Deporation, Asylum

Over the past several…

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The Great Replacement Loophole: Illegal Immigrants Score 5-Year Work Benefit While "Waiting" For Deporation, Asylum

Over the past several months we've pointed out that there has  been zero job creation for native-born workers since the summer of 2018...

... and that since Joe Biden was sworn into office, most of the post-pandemic job gains the administration continuously brags about have gone foreign-born (read immigrants, mostly illegal ones) workers.

And while the left might find this data almost as verboten as FBI crime statistics - as it directly supports the so-called "great replacement theory" we're not supposed to discuss - it also coincides with record numbers of illegal crossings into the United States under Biden.

In short, the Biden administration opened the floodgates, 10 million illegal immigrants poured into the country, and most of the post-pandemic "jobs recovery" went to foreign-born workers, of which illegal immigrants represent the largest chunk.

Asylum seekers from Venezuela await work permits on June 28, 2023 (via the Chicago Tribune)

'But Tyler, illegal immigrants can't possibly work in the United States whilst awaiting their asylum hearings,' one might hear from the peanut gallery. On the contrary: ever since Biden reversed a key aspect of Trump's labor policies, all illegal immigrants - even those awaiting deportation proceedings - have been given carte blanche to work while awaiting said proceedings for up to five years...

... something which even Elon Musk was shocked to learn.

Which leads us to another question: recall that the primary concern for the Biden admin for much of 2022 and 2023 was soaring prices, i.e., relentless inflation in general, and rising wages in particular, which in turn prompted even Goldman to admit two years ago that the diabolical wage-price spiral had been unleashed in the US (diabolical, because nothing absent a major economic shock, read recession or depression, can short-circuit it once it is in place).

Well, there is one other thing that can break the wage-price spiral loop: a flood of ultra-cheap illegal immigrant workers. But don't take our word for it: here is Fed Chair Jerome Powell himself during his February 60 Minutes interview:

PELLEY: Why was immigration important?

POWELL: Because, you know, immigrants come in, and they tend to work at a rate that is at or above that for non-immigrants. Immigrants who come to the country tend to be in the workforce at a slightly higher level than native Americans do. But that's largely because of the age difference. They tend to skew younger.

PELLEY: Why is immigration so important to the economy?

POWELL: Well, first of all, immigration policy is not the Fed's job. The immigration policy of the United States is really important and really much under discussion right now, and that's none of our business. We don't set immigration policy. We don't comment on it.

I will say, over time, though, the U.S. economy has benefited from immigration. And, frankly, just in the last, year a big part of the story of the labor market coming back into better balance is immigration returning to levels that were more typical of the pre-pandemic era.

PELLEY: The country needed the workers.

POWELL: It did. And so, that's what's been happening.

Translation: Immigrants work hard, and Americans are lazy. But much more importantly, since illegal immigrants will work for any pay, and since Biden's Department of Homeland Security, via its Citizenship and Immigration Services Agency, has made it so illegal immigrants can work in the US perfectly legally for up to 5 years (if not more), one can argue that the flood of illegals through the southern border has been the primary reason why inflation - or rather mostly wage inflation, that all too critical component of the wage-price spiral  - has moderated in in the past year, when the US labor market suddenly found itself flooded with millions of perfectly eligible workers, who just also happen to be illegal immigrants and thus have zero wage bargaining options.

None of this is to suggest that the relentless flood of immigrants into the US is not also driven by voting and census concerns - something Elon Musk has been pounding the table on in recent weeks, and has gone so far to call it "the biggest corruption of American democracy in the 21st century", but in retrospect, one can also argue that the only modest success the Biden admin has had in the past year - namely bringing inflation down from a torrid 9% annual rate to "only" 3% - has also been due to the millions of illegals he's imported into the country.

We would be remiss if we didn't also note that this so often carries catastrophic short-term consequences for the social fabric of the country (the Laken Riley fiasco being only the latest example), not to mention the far more dire long-term consequences for the future of the US - chief among them the trillions of dollars in debt the US will need to incur to pay for all those new illegal immigrants Democrat voters and low-paid workers. This is on top of the labor revolution that will kick in once AI leads to mass layoffs among high-paying, white-collar jobs, after which all those newly laid off native-born workers hoping to trade down to lower paying (if available) jobs will discover that hardened criminals from Honduras or Guatemala have already taken them, all thanks to Joe Biden.

Tyler Durden Sun, 03/10/2024 - 19:15

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