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Hot Penny Stocks For 2021, 3 Under $3 You Need to Know About

Penny stocks for 2021? Check these 3 under $3 small-caps out
The post Hot Penny Stocks For 2021, 3 Under $3 You Need to Know About appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.

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3 Penny Stocks For Your 2021 Watchlist 

Buying penny stocks in 2021 has been challenging. With the pandemic, fears of inflation, and a general market slump, penny stocks have not performed as well as hoped in the past two months. Despite this, small-caps have outperformed the general stock market, as indicated by large intraday volume and gains among certain companies. Because of the massive gains witnessed last year and into early 2021, many stocks were riding on sky-high valuations. 

Soon after, we witnessed a major price correction, bringing both penny stocks and blue chips back down to an acceptable level. And since then, stocks have been trading mostly sideways. This is common when there is a great degree of uncertainty in the market.

And while vaccine efforts are massively underway, up until a few weeks ago, investors were unsure about the future of the pandemic. So, now that things are looking up, some believe that the market could see a solid rebound in the coming months. 

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

With industries like energy, hospitality and entertainment, renewables, biotech, and more all showing potential, the opportunity is palpable. Understanding how current market trends will affect specific penny stocks to watch is the best way to have a chance at profitability in your portfolio. 

And while we may not be out of the woods yet, declining case numbers show a glimmer of hope on the horizon. Considering this, there are plenty of penny stocks to buy right now. But, finding those with the most value is the challenging part. With all of this in mind, here are three hot penny stocks under $3 that you need to know about. 

3 Under $3 Penny Stocks to Watch For 2021 

  1. Sphere 3D Corp. (NASDAQ: ANY)
  2. Dogness Corp. (NASDAQ: DOGZ)
  3. Evofem Biosciences Inc. (NASDAQ: EVFM

Sphere 3D Corp. (NASDAQ: ANY) 

Up by a staggering 53% at midday on June 10th is ANY stock. In the past five days alone, shares of Sphere 3D Corp. are up by over 85%. While many gains go without news in the stock market, Sphere made a big announcement earlier in the week. On Tuesday, Sphere announced an Agreement and Plan of Merger with Gryphon Digital Mining. For some context, Gryphon is a Bitcoin mining operation that utilizes ultra-efficient, zero carbon footprint miners from Bitmain. It aims to be the first 100% renewable energy crypto mining company. 

Right now it utilizes hydroelectric power, but it has plans to move into other clean energy sources such as nuclear, solar, and wind. Yesterday, the pair announced that they have entered into another agreement to purchase 250,000 Certified Emission Reductions or CERs. These credits push it further as an ESG penny stock (environmental, social, governance). Additionally, the pair state that they can remain carbon negative for at least the next half-decade, which is quite a substantial feat. 

“We understand that carbon emissions extend way beyond the energy that a business uses, so even though we are 100% renewable already, there’s more we can do. These credits are our pledge to not only offset additional emissions but to go beyond that and be carbon negative.” 

Rob Chang, CEO of Gryphon Digital Mining

With the trajectory of the world in terms of energy consumption and sources, renewable energy dependency is extremely important. While this deal is not a be-all-end-all for the companies, it does show the commitment they have to clean energy sources. With all of this in mind, is ANY stock worth keeping an eye on right now?

Dogness Corp. (NASDAQ: DOGZ) 

If you haven’t heard of Dogness Corp., you’re probably not alone. To understand what it does, let’s take a closer look at the company. As its name implies, Dogness Corp. is a producer of smart products, hygiene products, and health and wellness items for dogs. The company works vertically, which ensures that its products have the highest margins available. Additionally, it operates a large amount of research and development, which over the years has resulted in over 200 patented and patent-pending technologies. 

[Read More] Meme Penny Stocks, What Are They, and 3 to Watch Right Now

Today’s over 20% gain for DOGZ stock is the result of a large deal with the major U.S. goods retailer, Costco. Early in the morning, Dogness reported that the Costco Wholesale Corporation will feature Dogness in several locations around the U.S. Initially, its products will be available in Arkansas and Oklahoma, but it has a large-scale rollout planned for the 2021 holiday season. These stores will feature products from Dogness including its Smart Treat Dispenser, Smart Water Fountain, and the Smart Cam iPet Robot. 

“We are excited to be further expanding our relationship with Costco, a valued partner, Costco will prominently feature several of our best-selling smart pet products, which will help further raise awareness and drive sales. This is an ideal partnership with extensive additional upside as we continue to outperform and expand to a larger scale and into more stores.”

Silong Chen, CEO of Dogness

This is a big deal and one that investors should not take lightly. Considering it, will DOGZ stock be on your watchlist right now?

Penny_Stocks_to_Watch_Dogness Corp. (DOGZ Stock Chart)

Evofem Biosciences Inc. (NASDAQ: EVFM) 

If you read PennyStocks.com often, you’re probably familiar with Evofem Biosciences Inc. If not, EVFM is a women’s health geared biotech company. In the past five days, shares of EVFM stock have set up by over 15%, including today’s midday 3% gain. Evofem’s flagship compound is known as Phexxi and is an FDA-approved commercialized product. 

Additionally, its lead candidate right now is known as EVO100 and is being tested for its ability to prevent urogenital Chlamydia and Neisseria gonorrhoeae. This product is currently in a Phase 3 trial known as EVOGUARD. Only a few weeks ago, Evofem announced the closing of a $50 million public offering. Worth 50 million shares of common stock, this deal will go toward both commercialization activities for Phexxi, as well as the EVOGUARD Phase 3 clinical trial. 

With biotech companies, and any companies for that matter, capital is the most important facilitator of growth. Because trials and commercialization efforts are so cost-intensive, having access to funding is extremely important. With this money, Evofem can work hard to get Phexxi into the hands of as many women as it can. Additionally, it can continue to work on the Phase 3 trial mentioned above. Considering these exciting announcements, is EVFM a penny stock to watch or not?

Penny_Stocks_to_Watch_Evofem Biosciences Inc. (EVFM Stock Chart)

Investors Continue to Push Momentum for Penny Stocks 

Over the past few weeks, we’ve seen more momentum with the entire list of penny stocks to watch. However, we are still witnessing a larger market slump. As stated earlier, the stock market has traded mostly sideways over the past few months.

[Read More] EV Penny Stocks in Focus After Biden’s $174 bln Electric Vehicle Plan

This is the result of uncertainty about the future of the pandemic and some additional factors. However, with vaccine rates hitting all-time highs, investors remain hopeful about the future of both blue chips and penny stocks. With this in mind, which small-caps are you watching right now?

The post Hot Penny Stocks For 2021, 3 Under $3 You Need to Know About appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.

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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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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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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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