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Hot Penny Stocks That Are Trending in 2021

There’s a reason why investors love trending penny stocks; here’s three to watch
The post Hot Penny Stocks That Are Trending in 2021 appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.

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3 Hot Penny Stocks to Watch in October 2021 

With October in full swing for penny stocks and blue chips, the sizable market momentum means that investing is not easy right now. However, just because it isn’t easy, doesn’t mean that there isn’t the potential to make money with penny stocks in 2021. But, to do so may take some extra digging and searching. 

One of the best ways to stay ahead with penny stocks is to understand where the momentum is. This means considering what’s going on in the world as it relates to specific penny stocks and specific industries. 

[Read More] Best Penny Stocks To Buy Right Now? 3 Short Squeeze Stocks To Watch

Although the pandemic is less of a worry now that cases are declining in many areas of the world, it is still around. And on top of this, the pandemic has created several after-effects on the stock market that could leave a lasting impact. This includes inflation, economic concerns in the U.S. and abroad, and a general feeling of uncertainty about the future. 

As a result, many penny stocks investors have taken the route of finding stocks that could be less volatile in either the short or long term. But, at the end of the day, understanding your own investing strategy will help you to determine which penny stocks are the best for your portfolio. So, with all of this in mind, here are three penny stocks for your October watchlist. 

3 Penny Stocks For Your October Watchlist

  1. Gran Tierra Energy Inc. (NYSE: GTE
  2. SOS Limited (NYSE: SOS
  3. Ideanomics Inc. (NASDAQ: IDEX

Gran Tierra Energy Inc. (NYSE: GTE)

Gran Tierra Energy Inc. is an energy penny stock that we have discussed quite frequently over the past few weeks. In the last five days and one month periods, shares of GTE stock have shot up by over 30% and 66% respectively. This brings its 12 month gain to over 320%, which is no small feat.

If you’re not familiar, Gran Tierra is an oil and gas exploration company that has been trending heavily in the past couple of weeks. The company explores for oil and gas primarily in South America in Colombia and Ecuador. As of December 31st, 2020, the company had total proved undeveloped reserves of 26.2 million barrels of oil equivalent in Colombia alone.

Back in August, the company reported its second-quarter results for 2021. During this quarter, the company achieved a 14% increase in production for a total of 23,035 barrels of oil per day on average. In addition to this, the company reaffirmed its full-year production guidance of 27,500 to 28,500 barrels of oil per day.

“With production restored, we expect Gran Tierra to generate second half 2021 free cash flow of $100-120 million. With a constructive oil price environment, a successful first half 2021 drilling program, and the expiry of our first half 2021 oil price hedges, we are very excited about the second half of 2021 and all of 2022.”

President and CEO of Gran Tierra, Gary Guidry

Following the release of these financial results, GTE stock has continued to make gains in the market. Considering this, will GTE make it onto your list of penny stocks to watch?

SOS Limited (NYSE: SOS)

SOS Limited is another penny stock that has gained a lot of traction in the market lately. The momentum with SOS stock began during the past year or so as crypto began to boom. And as a cryptocurrency mining company, SOS was able to take advantage. More specifically, SOS is a Chinese tech company that specializes in data mining and analysis services. It offers its services to financial institutions, insurance providers, medical institutions, and other businesses. SOS Limited also provides blockchain-based insurance, mining, and other blockchain-related services.

[Read More] 3 ‘Must Watch’ Penny Stocks For Your Watchlist Right Now

On September 10th, the company reported its six months interim financial results. The company’s net revenue came in at $184.5 million, 17 times higher than the previous year. Its gross margin increased to 9.3% from 0.8% YoY as well. As of June 30th, the company was focusing on six product lines and services. The largest chunk of SOS’s revenue came from commodity trading, at 84.11%. SOS generated 8.2% of its revenue from cryptocurrency mining, which it plans to increase in the near future. 

The company stated in these financial results that, “Overall gross margin which reflects the performance of our operating businesses and excluding the foregoing expenses increased from 0.8% to 7.9% for the periods ended June 30, 2021, and June 30, 2020, respectively, showing improvement in our earning ability.” On October 5th, SOS stock managed to climb by around 3.8% in the market. Whether this makes SOS worth adding to your penny stocks watchlist or not is up to you.

Penny_Stocks_to_Watch_SOS_Limited_

Ideanomics Inc. (NASDAQ: IDEX)

Ideanomics Inc. is another trending penny stock that we’ve been discussing for quite some time. In the past twelve months, shares of IDEX stock have jumped by a solid 100%, despite some less than stellar performance in the past six months or so. Ideanomics focuses on commercial electric vehicle adoption, associated energy usage, financial services, and fintech product development.

Its Ideanomics Mobility business allows for commercial fleet operators to adopt electric vehicles. This business also provides solutions for fleet operators of commercial electric cars in terms of procurement, finance, charging, and energy management. In addition to this, Ideanomics has a subsidiary that invests in budding fintech solutions. All of this allows IDEX to be quite a broad company in the EV and finance markets right now. 

On September 28th, the company announced a collaboration with Kenworth. This collaboration is for the development of 1-Megawatt wireless charging pads. These are charging pads made for next-gen Class 8 battery-electric regional trucks. The goal is to use these for each end of a 400-mile delivery route between Portland and Seattle at first.

“The technology we’re developing with WAVE and Utah State will foster important advancements that extend Class 8 battery-electric vehicle range and reduce recharge times, enabling the T680 Next-Gen Battery EV to compete with the range of diesel models.”

Kenworth’s general manager, Kevin Baney

On October 5th, IDEX stock showed strong bullish sentiment during daily trading. So with this information in mind, will IDEX be on your list of penny stocks to watch?

Penny_Stocks_to_Watch_Ideanomics_Inc._(IDEX_Stock_Chart)

Are Trending Penny Stocks Worth Buying?

Finding the best penny stocks to buy all comes down to understanding how the market moves. And, by considering the current state of the stock market and what factors are impacting it, investors can have an easier time making money with penny stocks.

[Read More] 5 Top Penny Stocks To Watch In The Stock Market Today

So, although there are plenty of things to consider when investing in penny stocks in 2021, the sheer amount of movement offers ideal opportunities to capitalize on small caps. Considering all of this, do you think that these trending penny stocks are worth buying or not?

The post Hot Penny Stocks That Are Trending in 2021 appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.

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International

Beloved mall retailer files Chapter 7 bankruptcy, will liquidate

The struggling chain has given up the fight and will close hundreds of stores around the world.

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It has been a brutal period for several popular retailers. The fallout from the covid pandemic and a challenging economic environment have pushed numerous chains into bankruptcy with Tuesday Morning, Christmas Tree Shops, and Bed Bath & Beyond all moving from Chapter 11 to Chapter 7 bankruptcy liquidation.

In all three of those cases, the companies faced clear financial pressures that led to inventory problems and vendors demanding faster, or even upfront payment. That creates a sort of inevitability.

Related: Beloved retailer finds life after bankruptcy, new famous owner

When a retailer faces financial pressure it sets off a cycle where vendors become wary of selling them items. That leads to barren shelves and no ability for the chain to sell its way out of its financial problems. 

Once that happens bankruptcy generally becomes the only option. Sometimes that means a Chapter 11 filing which gives the company a chance to negotiate with its creditors. In some cases, deals can be worked out where vendors extend longer terms or even forgive some debts, and banks offer an extension of loan terms.

In other cases, new funding can be secured which assuages vendor concerns or the company might be taken over by its vendors. Sometimes, as was the case with David's Bridal, a new owner steps in, adds new money, and makes deals with creditors in order to give the company a new lease on life.

It's rare that a retailer moves directly into Chapter 7 bankruptcy and decides to liquidate without trying to find a new source of funding.

Mall traffic has varied depending upon the type of mall.

Image source: Getty Images

The Body Shop has bad news for customers  

The Body Shop has been in a very public fight for survival. Fears began when the company closed half of its locations in the United Kingdom. That was followed by a bankruptcy-style filing in Canada and an abrupt closure of its U.S. stores on March 4.

"The Canadian subsidiary of the global beauty and cosmetics brand announced it has started restructuring proceedings by filing a Notice of Intention (NOI) to Make a Proposal pursuant to the Bankruptcy and Insolvency Act (Canada). In the same release, the company said that, as of March 1, 2024, The Body Shop US Limited has ceased operations," Chain Store Age reported.

A message on the company's U.S. website shared a simple message that does not appear to be the entire story.

"We're currently undergoing planned maintenance, but don't worry we're due to be back online soon."

That same message is still on the company's website, but a new filing makes it clear that the site is not down for maintenance, it's down for good.

The Body Shop files for Chapter 7 bankruptcy

While the future appeared bleak for The Body Shop, fans of the brand held out hope that a savior would step in. That's not going to be the case. 

The Body Shop filed for Chapter 7 bankruptcy in the United States.

"The US arm of the ethical cosmetics group has ceased trading at its 50 outlets. On Saturday (March 9), it filed for Chapter 7 insolvency, under which assets are sold off to clear debts, putting about 400 jobs at risk including those in a distribution center that still holds millions of dollars worth of stock," The Guardian reported.

After its closure in the United States, the survival of the brand remains very much in doubt. About half of the chain's stores in the United Kingdom remain open along with its Australian stores. 

The future of those stores remains very much in doubt and the chain has shared that it needs new funding in order for them to continue operating.

The Body Shop did not respond to a request for comment from TheStreet.   

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Government

Veterans Affairs Kept COVID-19 Vaccine Mandate In Place Without Evidence

Veterans Affairs Kept COVID-19 Vaccine Mandate In Place Without Evidence

Authored by Zachary Stieber via The Epoch Times (emphasis ours),

The…

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Veterans Affairs Kept COVID-19 Vaccine Mandate In Place Without Evidence

Authored by Zachary Stieber via The Epoch Times (emphasis ours),

The U.S. Department of Veterans Affairs (VA) reviewed no data when deciding in 2023 to keep its COVID-19 vaccine mandate in place.

Doses of a COVID-19 vaccine in Washington in a file image. (Jacquelyn Martin/Pool/AFP via Getty Images)

VA Secretary Denis McDonough said on May 1, 2023, that the end of many other federal mandates “will not impact current policies at the Department of Veterans Affairs.”

He said the mandate was remaining for VA health care personnel “to ensure the safety of veterans and our colleagues.”

Mr. McDonough did not cite any studies or other data. A VA spokesperson declined to provide any data that was reviewed when deciding not to rescind the mandate. The Epoch Times submitted a Freedom of Information Act for “all documents outlining which data was relied upon when establishing the mandate when deciding to keep the mandate in place.”

The agency searched for such data and did not find any.

The VA does not even attempt to justify its policies with science, because it can’t,” Leslie Manookian, president and founder of the Health Freedom Defense Fund, told The Epoch Times.

“The VA just trusts that the process and cost of challenging its unfounded policies is so onerous, most people are dissuaded from even trying,” she added.

The VA’s mandate remains in place to this day.

The VA’s website claims that vaccines “help protect you from getting severe illness” and “offer good protection against most COVID-19 variants,” pointing in part to observational data from the U.S. Centers for Disease Control and Prevention (CDC) that estimate the vaccines provide poor protection against symptomatic infection and transient shielding against hospitalization.

There have also been increasing concerns among outside scientists about confirmed side effects like heart inflammation—the VA hid a safety signal it detected for the inflammation—and possible side effects such as tinnitus, which shift the benefit-risk calculus.

President Joe Biden imposed a slate of COVID-19 vaccine mandates in 2021. The VA was the first federal agency to implement a mandate.

President Biden rescinded the mandates in May 2023, citing a drop in COVID-19 cases and hospitalizations. His administration maintains the choice to require vaccines was the right one and saved lives.

“Our administration’s vaccination requirements helped ensure the safety of workers in critical workforces including those in the healthcare and education sectors, protecting themselves and the populations they serve, and strengthening their ability to provide services without disruptions to operations,” the White House said.

Some experts said requiring vaccination meant many younger people were forced to get a vaccine despite the risks potentially outweighing the benefits, leaving fewer doses for older adults.

By mandating the vaccines to younger people and those with natural immunity from having had COVID, older people in the U.S. and other countries did not have access to them, and many people might have died because of that,” Martin Kulldorff, a professor of medicine on leave from Harvard Medical School, told The Epoch Times previously.

The VA was one of just a handful of agencies to keep its mandate in place following the removal of many federal mandates.

“At this time, the vaccine requirement will remain in effect for VA health care personnel, including VA psychologists, pharmacists, social workers, nursing assistants, physical therapists, respiratory therapists, peer specialists, medical support assistants, engineers, housekeepers, and other clinical, administrative, and infrastructure support employees,” Mr. McDonough wrote to VA employees at the time.

This also includes VA volunteers and contractors. Effectively, this means that any Veterans Health Administration (VHA) employee, volunteer, or contractor who works in VHA facilities, visits VHA facilities, or provides direct care to those we serve will still be subject to the vaccine requirement at this time,” he said. “We continue to monitor and discuss this requirement, and we will provide more information about the vaccination requirements for VA health care employees soon. As always, we will process requests for vaccination exceptions in accordance with applicable laws, regulations, and policies.”

The version of the shots cleared in the fall of 2022, and available through the fall of 2023, did not have any clinical trial data supporting them.

A new version was approved in the fall of 2023 because there were indications that the shots not only offered temporary protection but also that the level of protection was lower than what was observed during earlier stages of the pandemic.

Ms. Manookian, whose group has challenged several of the federal mandates, said that the mandate “illustrates the dangers of the administrative state and how these federal agencies have become a law unto themselves.”

Tyler Durden Sat, 03/09/2024 - 22:10

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Government

Are Voters Recoiling Against Disorder?

Are Voters Recoiling Against Disorder?

Authored by Michael Barone via The Epoch Times (emphasis ours),

The headlines coming out of the Super…

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Are Voters Recoiling Against Disorder?

Authored by Michael Barone via The Epoch Times (emphasis ours),

The headlines coming out of the Super Tuesday primaries have got it right. Barring cataclysmic changes, Donald Trump and Joe Biden will be the Republican and Democratic nominees for president in 2024.

(Left) President Joe Biden delivers remarks on canceling student debt at Culver City Julian Dixon Library in Culver City, Calif., on Feb. 21, 2024. (Right) Republican presidential candidate and former U.S. President Donald Trump stands on stage during a campaign event at Big League Dreams Las Vegas in Las Vegas, Nev., on Jan. 27, 2024. (Mario Tama/Getty Images; David Becker/Getty Images)

With Nikki Haley’s withdrawal, there will be no more significantly contested primaries or caucuses—the earliest both parties’ races have been over since something like the current primary-dominated system was put in place in 1972.

The primary results have spotlighted some of both nominees’ weaknesses.

Donald Trump lost high-income, high-educated constituencies, including the entire metro area—aka the Swamp. Many but by no means all Haley votes there were cast by Biden Democrats. Mr. Trump can’t afford to lose too many of the others in target states like Pennsylvania and Michigan.

Majorities and large minorities of voters in overwhelmingly Latino counties in Texas’s Rio Grande Valley and some in Houston voted against Joe Biden, and even more against Senate nominee Rep. Colin Allred (D-Texas).

Returns from Hispanic precincts in New Hampshire and Massachusetts show the same thing. Mr. Biden can’t afford to lose too many Latino votes in target states like Arizona and Georgia.

When Mr. Trump rode down that escalator in 2015, commentators assumed he’d repel Latinos. Instead, Latino voters nationally, and especially the closest eyewitnesses of Biden’s open-border policy, have been trending heavily Republican.

High-income liberal Democrats may sport lawn signs proclaiming, “In this house, we believe ... no human is illegal.” The logical consequence of that belief is an open border. But modest-income folks in border counties know that flows of illegal immigrants result in disorder, disease, and crime.

There is plenty of impatience with increased disorder in election returns below the presidential level. Consider Los Angeles County, America’s largest county, with nearly 10 million people, more people than 40 of the 50 states. It voted 71 percent for Mr. Biden in 2020.

Current returns show county District Attorney George Gascon winning only 21 percent of the vote in the nonpartisan primary. He’ll apparently face Republican Nathan Hochman, a critic of his liberal policies, in November.

Gascon, elected after the May 2020 death of counterfeit-passing suspect George Floyd in Minneapolis, is one of many county prosecutors supported by billionaire George Soros. His policies include not charging juveniles as adults, not seeking higher penalties for gang membership or use of firearms, and bringing fewer misdemeanor cases.

The predictable result has been increased car thefts, burglaries, and personal robberies. Some 120 assistant district attorneys have left the office, and there’s a backlog of 10,000 unprosecuted cases.

More than a dozen other Soros-backed and similarly liberal prosecutors have faced strong opposition or have left office.

St. Louis prosecutor Kim Gardner resigned last May amid lawsuits seeking her removal, Milwaukee’s John Chisholm retired in January, and Baltimore’s Marilyn Mosby was defeated in July 2022 and convicted of perjury in September 2023. Last November, Loudoun County, Virginia, voters (62 percent Biden) ousted liberal Buta Biberaj, who declined to prosecute a transgender student for assault, and in June 2022 voters in San Francisco (85 percent Biden) recalled famed radical Chesa Boudin.

Similarly, this Tuesday, voters in San Francisco passed ballot measures strengthening police powers and requiring treatment of drug-addicted welfare recipients.

In retrospect, it appears the Floyd video, appearing after three months of COVID-19 confinement, sparked a frenzied, even crazed reaction, especially among the highly educated and articulate. One fatal incident was seen as proof that America’s “systemic racism” was worse than ever and that police forces should be defunded and perhaps abolished.

2020 was “the year America went crazy,” I wrote in January 2021, a year in which police funding was actually cut by Democrats in New York, Los Angeles, San Francisco, Seattle, and Denver. A year in which young New York Times (NYT) staffers claimed they were endangered by the publication of Sen. Tom Cotton’s (R-Ark.) opinion article advocating calling in military forces if necessary to stop rioting, as had been done in Detroit in 1967 and Los Angeles in 1992. A craven NYT publisher even fired the editorial page editor for running the article.

Evidence of visible and tangible discontent with increasing violence and its consequences—barren and locked shelves in Manhattan chain drugstores, skyrocketing carjackings in Washington, D.C.—is as unmistakable in polls and election results as it is in daily life in large metropolitan areas. Maybe 2024 will turn out to be the year even liberal America stopped acting crazy.

Chaos and disorder work against incumbents, as they did in 1968 when Democrats saw their party’s popular vote fall from 61 percent to 43 percent.

Views expressed in this article are opinions of the author and do not necessarily reflect the views of The Epoch Times or ZeroHedge.

Tyler Durden Sat, 03/09/2024 - 23:20

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