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High Volume Penny Stocks to Watch After The Market Crash

Which penny stocks are traders watching after yesterday’s market selloff?
The post High Volume Penny Stocks to Watch After The Market Crash appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.

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Best High Volume Penny Stocks For Your July Watchlist 

Finding penny stocks to buy with high volume is one of the best strategies that an investor can use. But, it’s worth noting that high volume alone is not enough to consider certain penny stocks as worth it. Before we get into why let’s talk about what makes volume so important. 

First and foremost, volume directly equals liquidity, or the ability to buy and sell a stock. For example, if a million shares are traded of a given stock in a trading day, buy orders and sell orders will likely be completed very quickly. 

On the other hand, if volume is low (>500,000) shares, it may take some time before any orders go through. This is because there are not enough investors on the other end of the deal to complete a trade. Additionally, when volume is low, we will often see large spikes or drops in value with no indications prior, and no gradual movements. 

[Read More] How To Make Money With Penny Stocks In a Down Market

Aside from the ease of buying or selling penny stocks, volume is directly correlated with how popular a stock is. If volume is high, more people are making transactions with a given stock, and vice versa. So, while low volume is not necessarily a be-all-end-all metric, it is something to keep in mind depending on your investing style. With this in mind, let’s take a look at three hot penny stocks to watch with high volume right now. 

3 High Volume Penny Stocks to Watch Right Now 

  1. Dare Bioscience Inc. (NASDAQ: DARE
  2. Express Inc. (NYSE: EXPR
  3. Castor Maritime Inc. (NASDAQ: CTRM

Dare Bioscience Inc. (NASDAQ: DARE)

Dare Bioscience Inc. is a biotech penny stock that has been showing sizable momentum in many recent trading sessions. In the past month, shares of DARE stock have shot up by almost 15%, which is quite substantial considering the rest of the market’s trajectory during that time.

For some context, Dare Bioscience is a clinical-stage company that creates products for women’s health. This includes therapies for use in contraception, fertility, sexual health, and vaginal health. The company has multiple clinical trials going on at the moment. One of these trials is DARE-BV1, which is a bioadhesive hydrogel to treat bacterial vaginosis.

On July 12th, Dare announced a collaborative research agreement for its pivotal Phase 3 study of Ovaprene. The company has entered into this cooperative research and development agreement with the Eunice Kennedy Shriver National Institutes of Child Health and Human Development. Dare plans to submit an investigational device exemption to the FDA in the fourth quarter of this year, and commence the Ovaprene pivotal study in 2022.

“Grant funding previously provided by NICHD supported the conduct of our pre-pivotal clinical study of Ovaprene. With this CRADA, we have the opportunity to leverage NICHD’s experience in the design and execution of contraceptive studies, as well as continued funding to support the development of Ovaprene.

We look forward to collaborating with NICHD, along with our partner Bayer®, to advance the development of additional non-hormonal contraceptive options for women.” 

President and CEO of Dare, Sabrina Martucci Johnson

The women’s health market has increased in value substantially during the pandemic. This is a combination of more people being at home, and the higher than average birth rate during the pandemic. Considering this and this exciting trial, DARE stock could be worth keeping an eye on in the coming months.

Express Inc. (NYSE: EXPR)

This next penny stock, Express Inc., may be one that you’ve heard of before. If not, EXPR operates an extensive line of retail businesses in the United States. Express sells its clothing in around 570 retail stores across 46 states and Puerto Rico. The company also operates an e-commerce platform which substantially broadens its market reach. If you’ve been to a shopping mall, it’s likely that you’ve come across either an Express store or one of its other wholly-owned brands.

Despite not releasing any news recently, shares of EXPR stock have shot up by over 280% in the past six months. Most if not all retail stocks fell to low lows when the pandemic took hold in 2020. However, as Covid restrictions began to loosen and more people took to retail therapy, Express quickly began to see its sales shoot up. And, if we look at retail trends for the past six months, we also see a staggering rise in the countrywide numbers.

[Read More] Could Penny Stocks Skyrocket On Bezos’ Blue Origin Space Launch?

When 2021 started, EXPR stock was valued at under $1 per share. Now, shares of EXPR stock are trading at almost $4.50 as of late July. This exponential growth shows the true potential of what traders are calling “reopening stocks”. Despite the increasing Covid case numbers as a result of the Delta variant, many believe that full reopening could occur soon. And while this could greatly benefit EXPR stock, there is no definitive timeline for when this will happen. So, with this in mind, EXPR stock could be an interesting addition to your watchlist. 

Penny_Stocks_to_Watch_Express_Inc

Castor Maritime Inc. (NASDAQ: CTRM)

Castor Maritime Inc. is another high-volume penny stock that consistently sees momentum in the market. While shares have been on a relative decline for the past few months, this makes sense given both industry trends and the fact that shares of CTRM shot up by over 900% in the span of only a few months in late 2020. 

If you’re unfamiliar with CTRM, the company provides shipping services for dry bulk cargo via ocean transportation. Its primary market is in shipping iron ore, coal, steel, grain, sugar, and other dry-bulk goods. It is also worth noting that CTRM stock is frequently mentioned on social media, resulting in major short term spikes, and then quick corrections shortly after. 

On June 24th, Castor Maritime announced a new charter agreement and the delivery of the M/T Wonder Formosa. This is an exciting announcement, and to understand why we have to consider the current conditions of the shipping industry. Many similar shipping stocks have shot up in value in the past months as the demand for raw goods is increasing. 

In addition, the price per day that shipping companies can make has also increased substantially in the last year. With another ship and the funding from this new charter agreement, it will be interesting to see CTRMs next balance sheet. Considering the shipping industry trends and CTRM wholly, is it worth adding to your list of penny stocks to watch?

Penny_Stocks_to_Watch_Castor_Maritime_Inc_CTRM_Stock_Chart

High Volume Penny Stocks Continue to Attract New Investors 

Finding high-volume penny stocks is a great place to start when making a watchlist, but it is by no means the only step in the process. Rather, investors need to do the proper research into every penny stock on their list, to ensure that it is worth investing in.

[Read More] This Is Why Stocks Are Down Today

In 2021, there are quite a lot of external factors impacting the trajectory of the market. And while this is resulting in high volatility, these fluctuations can be used to your advantage if you know how to trade penny stocks. Considering this, it’s no wonder that high-volume penny stocks continue to attract new investors into the market. 

The post High Volume Penny Stocks to Watch After The Market Crash appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.

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Illegal Immigrants Leave US Hospitals With Billions In Unpaid Bills

Illegal Immigrants Leave US Hospitals With Billions In Unpaid Bills

By Autumn Spredemann of The Epoch Times

Tens of thousands of illegal…

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Illegal Immigrants Leave US Hospitals With Billions In Unpaid Bills

By Autumn Spredemann of The Epoch Times

Tens of thousands of illegal immigrants are flooding into U.S. hospitals for treatment and leaving billions in uncompensated health care costs in their wake.

The House Committee on Homeland Security recently released a report illustrating that from the estimated $451 billion in annual costs stemming from the U.S. border crisis, a significant portion is going to health care for illegal immigrants.

With the majority of the illegal immigrant population lacking any kind of medical insurance, hospitals and government welfare programs such as Medicaid are feeling the weight of these unanticipated costs.

Apprehensions of illegal immigrants at the U.S. border have jumped 48 percent since the record in fiscal year 2021 and nearly tripled since fiscal year 2019, according to Customs and Border Protection data.

Last year broke a new record high for illegal border crossings, surpassing more than 3.2 million apprehensions.

And with that sea of humanity comes the need for health care and, in most cases, the inability to pay for it.

In January, CEO of Denver Health Donna Lynne told reporters that 8,000 illegal immigrants made roughly 20,000 visits to the city’s health system in 2023.

The total bill for uncompensated care costs last year to the system totaled $140 million, said Dane Roper, public information officer for Denver Health. More than $10 million of it was attributed to “care for new immigrants,” he told The Epoch Times.

Though the amount of debt assigned to illegal immigrants is a fraction of the total, uncompensated care costs in the Denver Health system have risen dramatically over the past few years.

The total uncompensated costs in 2020 came to $60 million, Mr. Roper said. In 2022, the number doubled, hitting $120 million.

He also said their city hospitals are treating issues such as “respiratory illnesses, GI [gastro-intenstinal] illnesses, dental disease, and some common chronic illnesses such as asthma and diabetes.”

“The perspective we’ve been trying to emphasize all along is that providing healthcare services for an influx of new immigrants who are unable to pay for their care is adding additional strain to an already significant uncompensated care burden,” Mr. Roper said.

He added this is why a local, state, and federal response to the needs of the new illegal immigrant population is “so important.”

Colorado is far from the only state struggling with a trail of unpaid hospital bills.

EMS medics with the Houston Fire Department transport a Mexican woman the hospital in Houston on Aug. 12, 2020. (John Moore/Getty Images)

Dr. Robert Trenschel, CEO of the Yuma Regional Medical Center situated on the Arizona–Mexico border, said on average, illegal immigrants cost up to three times more in human resources to resolve their cases and provide a safe discharge.

“Some [illegal] migrants come with minor ailments, but many of them come in with significant disease,” Dr. Trenschel said during a congressional hearing last year.

“We’ve had migrant patients on dialysis, cardiac catheterization, and in need of heart surgery. Many are very sick.”

He said many illegal immigrants who enter the country and need medical assistance end up staying in the ICU ward for 60 days or more.

A large portion of the patients are pregnant women who’ve had little to no prenatal treatment. This has resulted in an increase in babies being born that require neonatal care for 30 days or longer.

Dr. Trenschel told The Epoch Times last year that illegal immigrants were overrunning healthcare services in his town, leaving the hospital with $26 million in unpaid medical bills in just 12 months.

ER Duty to Care

The Emergency Medical Treatment and Labor Act of 1986 requires that public hospitals participating in Medicare “must medically screen all persons seeking emergency care … regardless of payment method or insurance status.”

The numbers are difficult to gauge as the policy position of the Centers for Medicare & Medicaid Services (CMS) is that it “will not require hospital staff to ask patients directly about their citizenship or immigration status.”

In southern California, again close to the border with Mexico, some hospitals are struggling with an influx of illegal immigrants.

American patients are enduring longer wait times for doctor appointments due to a nursing shortage in the state, two health care professionals told The Epoch Times in January.

A health care worker at a hospital in Southern California, who asked not to be named for fear of losing her job, told The Epoch Times that “the entire health care system is just being bombarded” by a steady stream of illegal immigrants.

“Our healthcare system is so overwhelmed, and then add on top of that tuberculosis, COVID-19, and other diseases from all over the world,” she said.

A Salvadorian man is aided by medical workers after cutting his leg while trying to jump on a truck in Matias Romero, Mexico, on Nov. 2, 2018. (Spencer Platt/Getty Images)

A newly-enacted law in California provides free healthcare for all illegal immigrants residing in the state. The law could cost taxpayers between $3 billion and $6 billion per year, according to recent estimates by state and federal lawmakers.

In New York, where the illegal immigration crisis has manifested most notably beyond the southern border, city and state officials have long been accommodating of illegal immigrants’ healthcare costs.

Since June 2014, when then-mayor Bill de Blasio set up The Task Force on Immigrant Health Care Access, New York City has worked to expand avenues for illegal immigrants to get free health care.

“New York City has a moral duty to ensure that all its residents have meaningful access to needed health care, regardless of their immigration status or ability to pay,” Mr. de Blasio stated in a 2015 report.

The report notes that in 2013, nearly 64 percent of illegal immigrants were uninsured. Since then, tens of thousands of illegal immigrants have settled in the city.

“The uninsured rate for undocumented immigrants is more than three times that of other noncitizens in New York City (20 percent) and more than six times greater than the uninsured rate for the rest of the city (10 percent),” the report states.

The report states that because healthcare providers don’t ask patients about documentation status, the task force lacks “data specific to undocumented patients.”

Some health care providers say a big part of the issue is that without a clear path to insurance or payment for non-emergency services, illegal immigrants are going to the hospital due to a lack of options.

“It’s insane, and it has been for years at this point,” Dana, a Texas emergency room nurse who asked to have her full name omitted, told The Epoch Times.

Working for a major hospital system in the greater Houston area, Dana has seen “a zillion” migrants pass through under her watch with “no end in sight.” She said many who are illegal immigrants arrive with treatable illnesses that require simple antibiotics. “Not a lot of GPs [general practitioners] will see you if you can’t pay and don’t have insurance.”

She said the “undocumented crowd” tends to arrive with a lot of the same conditions. Many find their way to Houston not long after crossing the southern border. Some of the common health issues Dana encounters include dehydration, unhealed fractures, respiratory illnesses, stomach ailments, and pregnancy-related concerns.

“This isn’t a new problem, it’s just worse now,” Dana said.

Emergency room nurses and EMTs tend to patients in hallways at the Houston Methodist The Woodlands Hospital in Houston on Aug. 18, 2021. (Brandon Bell/Getty Images)

Medicaid Factor

One of the main government healthcare resources illegal immigrants use is Medicaid.

All those who don’t qualify for regular Medicaid are eligible for Emergency Medicaid, regardless of immigration status. By doing this, the program helps pay for the cost of uncompensated care bills at qualifying hospitals.

However, some loopholes allow access to the regular Medicaid benefits. “Qualified noncitizens” who haven’t been granted legal status within five years still qualify if they’re listed as a refugee, an asylum seeker, or a Cuban or Haitian national.

Yet the lion’s share of Medicaid usage by illegal immigrants still comes through state-level benefits and emergency medical treatment.

A Congressional report highlighted data from the CMS, which showed total Medicaid costs for “emergency services for undocumented aliens” in fiscal year 2021 surpassed $7 billion, and totaled more than $5 billion in fiscal 2022.

Both years represent a significant spike from the $3 billion in fiscal 2020.

An employee working with Medicaid who asked to be referred to only as Jennifer out of concern for her job, told The Epoch Times that at a state level, it’s easy for an illegal immigrant to access the program benefits.

Jennifer said that when exceptions are sent from states to CMS for approval, “denial is actually super rare. It’s usually always approved.”

She also said it comes as no surprise that many of the states with the highest amount of Medicaid spending are sanctuary states, which tend to have policies and laws that shield illegal immigrants from federal immigration authorities.

Moreover, Jennifer said there are ways for states to get around CMS guidelines. “It’s not easy, but it can and has been done.”

The first generation of illegal immigrants who arrive to the United States tend to be healthy enough to pass any pre-screenings, but Jennifer has observed that the subsequent generations tend to be sicker and require more access to care. If a family is illegally present, they tend to use Emergency Medicaid or nothing at all.

The Epoch Times asked Medicaid Services to provide the most recent data for the total uncompensated care that hospitals have reported. The agency didn’t respond.

Continue reading over at The Epoch Times

Tyler Durden Fri, 03/15/2024 - 09:45

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Fast-food chain closes restaurants after Chapter 11 bankruptcy

Several major fast-food chains recently have struggled to keep restaurants open.

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Competition in the fast-food space has been brutal as operators deal with inflation, consumers who are worried about the economy and their jobs and, in recent months, the falling cost of eating at home. 

Add in that many fast-food chains took on more debt during the covid pandemic and that labor costs are rising, and you have a perfect storm of problems. 

It's a situation where Restaurant Brands International (QSR) has suffered as much as any company.  

Related: Wendy's menu drops a fan favorite item, adds something new

Three major Burger King franchise operators filed for bankruptcy in 2023, and the chain saw hundreds of stores close. It also saw multiple Popeyes franchisees move into bankruptcy, with dozens of locations closing.

RBI also stepped in and purchased one of its key franchisees.

"Carrols is the largest Burger King franchisee in the United States today, operating 1,022 Burger King restaurants in 23 states that generated approximately $1.8 billion of system sales during the 12 months ended Sept. 30, 2023," RBI said in a news release. Carrols also owns and operates 60 Popeyes restaurants in six states." 

The multichain company made the move after two of its large franchisees, Premier Kings and Meridian, saw multiple locations not purchased when they reached auction after Chapter 11 bankruptcy filings. In that case, RBI bought select locations but allowed others to close.

Burger King lost hundreds of restaurants in 2023.

Image source: Chen Jianli/Xinhua via Getty

Another fast-food chain faces bankruptcy problems

Bojangles may not be as big a name as Burger King or Popeye's, but it's a popular chain with more than 800 restaurants in eight states.

"Bojangles is a Carolina-born restaurant chain specializing in craveable Southern chicken, biscuits and tea made fresh daily from real recipes, and with a friendly smile," the chain says on its website. "Founded in 1977 as a single location in Charlotte, our beloved brand continues to grow nationwide."

Like RBI, Bojangles uses a franchise model, which makes it dependent on the financial health of its operators. The company ultimately saw all its Maryland locations close due to the financial situation of one of its franchisees.

Unlike. RBI, Bojangles is not public — it was taken private by Durational Capital Management LP and Jordan Co. in 2018 — which means the company does not disclose its financial information to the public. 

That makes it hard to know whether overall softness for the brand contributed to the chain seeing its five Maryland locations after a Chapter 11 bankruptcy filing.

Bojangles has a messy bankruptcy situation

Even though the locations still appear on the Bojangles website, they have been shuttered since late 2023. The locations were operated by Salim Kakakhail and Yavir Akbar Durranni. The partners operated under a variety of LLCs, including ABS Network, according to local news channel WUSA9

The station reported that the owners face a state investigation over complaints of wage theft and fraudulent W2s. In November Durranni and ABS Network filed for bankruptcy in New Jersey, WUSA9 reported.

"Not only do former employees say these men owe them money, WUSA9 learned the former owners owe the state, too, and have over $69,000 in back property taxes."

Former employees also say that the restaurant would regularly purchase fried chicken from Popeyes and Safeway when it ran out in their stores, the station reported. 

Bojangles sent the station a comment on the situation.

"The franchisee is no longer in the Bojangles system," the company said. "However, it is important to note in your coverage that franchisees are independent business owners who are licensed to operate a brand but have autonomy over many aspects of their business, including hiring employees and payroll responsibilities."

Kakakhail and Durranni did not respond to multiple requests for comment from WUSA9.

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Industrial Production Increased 0.1% in February

From the Fed: Industrial Production and Capacity Utilization
Industrial production edged up 0.1 percent in February after declining 0.5 percent in January. In February, the output of manufacturing rose 0.8 percent and the index for mining climbed 2.2 p…

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From the Fed: Industrial Production and Capacity Utilization
Industrial production edged up 0.1 percent in February after declining 0.5 percent in January. In February, the output of manufacturing rose 0.8 percent and the index for mining climbed 2.2 percent. Both gains partly reflected recoveries from weather-related declines in January. The index for utilities fell 7.5 percent in February because of warmer-than-typical temperatures. At 102.3 percent of its 2017 average, total industrial production in February was 0.2 percent below its year-earlier level. Capacity utilization for the industrial sector remained at 78.3 percent in February, a rate that is 1.3 percentage points below its long-run (1972–2023) average.
emphasis added
Click on graph for larger image.

This graph shows Capacity Utilization. This series is up from the record low set in April 2020, and above the level in February 2020 (pre-pandemic).

Capacity utilization at 78.3% is 1.3% below the average from 1972 to 2022.  This was below consensus expectations.

Note: y-axis doesn't start at zero to better show the change.


Industrial Production The second graph shows industrial production since 1967.

Industrial production increased to 102.3. This is above the pre-pandemic level.

Industrial production was above consensus expectations.

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