3 Hot Penny Stocks to Watch in Mid-January 2022
With penny stocks and blue chips pushing up today following a dismal morning trading session, many investors are excited about the future. The big news today came as Fed Chair Jerome Powell’s testimony was regarded with positivity. Right now, those who invest in penny stocks and stocks at large, are concerned about the future. However, a statement from JPMorgan Chase CEO, Jamie Dimon today, could be a reason to build a bullish case for the future.
Today, the finance mogul stated that “We’re going to have the best growth we’ve ever had this year, I think since maybe sometime after the Great Depression. Next year will be pretty good too. The consumer balance sheet has never been in better shape; they’re spending 25% more today than pre-Covid. Their debt-service ratio is better than it’s been since we’ve been keeping records for 50 years.”
This news is echoing around the stock market as investors work to cope with fears surrounding the future of the pandemic. And while there are plenty of unknowns to consider right now, there is also a lot to be excited about. Some believe that the Omicron variant could lead to the pandemic becoming endemic in the long term.
And, this excitement coincides with positive labor reports and the Fed raising rates. So, while there is a lot to be concerned about, the overwhelming sentiment in the market is that 2022 could be a great year for all. Considering this, let’s take a look at three penny stocks to add to your mid-January watchlist.
3 Penny Stocks to Add to Your Watchlist Right Now
- Phunware Inc. (NASDAQ: PHUN)
- Black Diamond Therapeutics Inc. (NASDAQ: BDTX)
- Transocean Ltd. (NYSE: RIG)
Phunware Inc. (NASDAQ: PHUN)
While PHUN stock’s gain of around 2.8% today is nothing to write home about, it is substantial. In the past twelve months, shares of PHUN stock have jumped by over 115% which is no small feat.
If you’re not familiar, Phunware is a MaaS or multiscreen-as-a-service that offers products, solutions, data, and SDKs or software development kits. Phunware states that it has approximately one billion active devices that touch its platform each month. Only a week or so ago, the company announced two new supplier relationships for its high-performance computers via its LYTE business unit.
“With these new strategic supplier relationships, we took the guesswork out of selecting the right personal computer systems for power users’ needs. Phunware launched these four newly optimized personal computers designed specifically for high-end gamers, traders, streamers, and cryptocurrency miners in conjunction with CES in Las Vegas.”The VP and General Manager of LYTE by Phunware, Caleb Borgstrom
This is all very exciting news for Phunware and should be an exciting prospect for the company moving forward. Right now, there is also a major emphasis on tech penny stocks, with Phunware being a popular company to watch. Considering this, will PHUN be on your list of penny stocks to buy this month?
Black Diamond Therapeutics Inc. (NASDAQ: BDTX)
One of the bigger gainers of the day so far is BDTX stock, which pushed up by around 8.5% at midday. This is a sizable gain and reflects a big announcement made by the company during premarket trading today. Today, the company announced an FDA allowance of its IND application for BDTX-1535. If you’re not familiar, this is an inhibitor of EGFR for treating Glioblastoma and non-small cell lung cancer.
“We are incredibly pleased to announce the FDA allowance of our IND, representing a significant milestone for Black Diamond as we continue to mature our pipeline of MasterKey therapies.
Based on the unique approach of our MAP discovery engine platform, we believe that BDTX-1535 is well-positioned to address the unmet needs of EGFR mutant GBM and NSCLC with robust brain penetration to ensure adequate CNS exposure and potent and selective inhibition of EGFR mutations.”The CEO of Black Diamond Therapeutics, David Epstein, Ph.D.
For some context, Black Diamond is an oncology-based biotech penny stock working on novel MasterKey therapies. The company utilizes a MAP drug discovery engine that can allow it to produce better and more effective therapies. So, with that in mind, do you think that BDTX stock deserves a spot on your penny stocks watchlist?
Transocean Ltd. (NYSE: RIG)
RIG is a penny stock that we’ve covered numerous times over the past few months due to its substantial intraday gains. And again today, shares of RIG stock are up by around 6.3%. This brings its one-month total to roughly 20% and over 28% during the past twelve months. While no news has come out of the company in the past few weeks, there is an overwhelming amount of bullish sentiment in the energy industry right now.
The most recent announcement from the company came back in November when it announced its Q3 2021 results. In the results, Transocean posted $626 million in drilling revenue, with a 98.1% efficiency. Its net loss came in at around $0.20 per diluted share with an adjusted EBITDA of $245 million. These results are encouraging although they are slightly lower than the previous quarter.
With a company like Transocean, we have to consider the overall state of the oil and gas sector. This coincides steeply with the number of Covid cases and the overall trends regarding the pandemic. Whether this makes RIG stock worth buying or not is up to you.
Are Penny Stocks Worth Buying Right Now?
If you’re looking for the best penny stocks to buy in 2022, there are hundreds of options to choose from. Although not all are truly worth buying, utilizing a trading strategy can help to avoid losses. In addition, understanding exactly what is going on in the stock market, can be the difference between making money with penny stocks and the opposite.
So, while there is a lot to consider in 2022, these factors can also be used as an advantage. Right now, shifting your trading strategy to adapt to the present day and what is going on as it relates to the day-to-day in the market. With all of that in mind, are penny stocks worth buying right now or not?nasdaq stocks pandemic cryptocurrency penny stocks oil
Taylor Wimpey share price up 3% as housebuilder promises to return more cash to investors
The Taylor Wimpey share price has risen by 3.3% today, reversing some of the…
The post Taylor Wimpey share price up 3% as housebuilder promises to return more cash to investors first appeared on Trading and Investment News.
The Taylor Wimpey share price has risen by 3.3% today, reversing some of the losses taken over a bad start to the year that has seen the housebuilder’s valuation decline by over 10%, after the company today promised investors it would return more cash to them over coming months. The windfall comes as a result of what Taylor Wimpey described as an “excellent” 2021.
Demand for larger properties, especially houses with gardens, has leapt as a result of the pandemic. As well families spending more time at home desiring more space, buyers were further encouraged to take the leap by the stamp duty holiday that ran from 2020 until late last year, offering savings of up to £15,000. Rock bottom interest rates and fierce competition between providers also led to cheaper mortgages which helped maximise selling prices.
The combination of favourable headwinds means the homebuilder expects to now realise an operating profit of £820 million for 2021 from the sale of a little under 14,000 homes. That represents a growth of 47% in the number of new-built properties delivered compared to 2020, when construction work and administrative processes were delayed by Covid-19 disruption.
As a result, Taylor Wimpey finished last year with a bank balance of £837 million. It will now, it says, see how much cash is left once it has paid out its dividend and planned for expenses over the rest of the year. Any “excess cash” surplus will be returned to shareholders, most likely through a major share buyback. The company will confirm details alongside its full-year results, due to be reported in March.
Taylor Wimpey is worth around £6 billion and is a member of the FTSE 100. It has existed in its present format since 2007 when created out of a merger between the housebuilders George Wimpey and Taylor Woodrow. The deal was legendarily struck by current chief executive Pete Redfern at a service station on the M40.
Despite sector concerns over how much it will cost to replace dangerous cladding used on buildings over the past 20 years and now banned as a result of the Grenfell Tower scandal, Taylor Wimpey has repeatedly stated it is confident the £165 million it has set aside to cover related expenses will suffice. It has been challenged on the sum but still considers it a “reasonable estimate”.
If the cladding provision does prove sufficient, that should leave plenty of cash for redistribution to investors through a major share buyback over 2022.The post Taylor Wimpey share price up 3% as housebuilder promises to return more cash to investors first appeared on Trading and Investment News. ftse pandemic covid-19 mortgages interest rates
VIDEO — Eric Nuttall: Oil in Multi-year Bull Market, Supply Crisis Coming
Eric Nuttall: Oil in Multi-year Bull Market, Supply Crisis Coming
Supply and demand fundamentals show oil is in a multi-year bull market with a supply crisis in the works.That’s according to Eric Nuttall, partner and senior portfolio manager…
Eric Nuttall: Oil in Multi-year Bull Market, Supply Crisis Coming youtu.be
Supply and demand fundamentals show oil is in a multi-year bull market with a supply crisis in the works.
That's according to Eric Nuttall, partner and senior portfolio manager at Ninepoint Partners. He manages the firm's Ninepoint Energy Fund, which he said was the best-performing energy fund of 2021.
"The risk/reward for me in the sector is incredible," he told the Investing News Network in an interview. "My biggest challenge is everything looks good — large caps look good, small caps look good. Oil looks good, natural gas looks good. Services look good, offshore drilling looks good — everything looks good."
Nuttall said supply-side factors are key for oil right now, and explained that there are three main baskets to keep in mind: US shale, the Organization of the Petroleum Exporting Countries (OPEC) and the rest of the world.
Looking at 2022, he said US shale is no longer experiencing hypergrowth, meaning that production will grow, but will no longer exceed global demand growth. Meanwhile, OPEC is getting close to using up its spare capacity.
"By the end of this year I believe we will exhaust OPEC's spare capacity, and that will be the most bullish catalyst for oil in easily the last decade," Nuttall said during the conversation.
The "rest of the world" category includes major oil producers like Shell (NYSE:RDS.A,LSE:RDSB) and BP (NYSE:BP,LSE:BP), which Nuttall said have invested insufficiently in new production since 2014, and as a result will effectively post no growth until the end of the decade.
In terms of what that means for prices, Nuttall said it's tough to give a 2022 forecast due to variables like COVID-19, but he thinks oil will be "well in excess" of US$80 per barrel this year, with a shot at making it to US$100. Looking out further, he sees a new all-time high of US$140 to US$150 in the cards for oil.
"I feel very confident that we're in a multi-year bull market for oil. Energy stocks, despite the run, still in my opinion represent a generational opportunity due solely to energy ignorance — people frankly are clueless in terms of how oil is used and how long it's going to take to displace," he explained.
"We will all be consuming oil for the rest of our lifetimes, and yet that fear of peak demand is leading to a reality of peak supply. The writing is on the wall: We're heading towards an oil supply crisis."
Don't forget to follow us @INN_Resource for real-time updates!
Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.
Editorial Disclosure: The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.stocks covid-19 small caps oil
Graphite Outlook 2022: Demand from Battery Segment to Remain High
Click here to read the previous graphite outlook. Graphite is an essential raw material used in electric vehicle (EV) batteries, and as sales of EVs grow, market watchers believe demand for the metal will surge. Despite discussions about battery chemistry
Click here to read the previous graphite outlook.
Graphite is an essential raw material used in electric vehicle (EV) batteries, and as sales of EVs grow, market watchers believe demand for the metal will surge.
Despite discussions about battery chemistry changes, many experts think graphite will remain a dominant element in EV batteries for at least the next decade. Both synthetic graphite and natural graphite, in the form of the intermediate product spherical graphite, are used in the anodes of lithium-ion batteries.
Here the Investing News Network (INN) looks at the key trends in the graphite market in 2021 and what the graphite outlook is for 2022.
Graphite trends 2021: Shipping and power cost challenges
After a tumultuous 2020 in which supply chains were put to the test as economies shut down due to the coronavirus pandemic, graphite kicked off 2021 on a bright note.
In early 2021, prices for natural flake graphite were slightly higher than expected as a result of unexpectedly strict environmental investigations and closures in China, Suzanne Shaw of Wood Mackenzie told INN back in July.
“There was also considerable shipping disruption early on in the year with containers and vessels not where they should be as routes reopened post-COVID,” she said. “Limited availability was prioritized for higher-value cargos, with lower-value raw materials flows disrupted. This situation subsided through Q2.”
Pricing was relatively flat during the first six months of 2021, according to Benchmark Mineral Intelligence data.
“Prices for +100 mesh flake concentrate, across all purities, have moved upward by around 5 to 10 percent year-to-date, while pricing for all other grades has moved less than 5 percent so far this year due to continued structural oversupply in the graphite market,” Miller told INN at the end of H1. “Moreover, the global shipping situation at the moment is hindering upward price pressure.”
Prices took a turn in August, jumping on the back of the energy crisis, which hit producers and disrupted output. Battery grades were particularly hit by rising power costs as both the manufacture of synthetic graphite and the processing of spherical graphite from natural flake are known for their high levels of energy consumption.
In terms of supply, Chinese production was expected to ramp up to meet rising domestic battery demand, as there is still a lot of overcapacity in China.
“However, the overall trend is that China is showing less appetite on the raw material side and investing in higher-value downstream industries rather than exploration/mining across most mineral sectors,” Shaw said at the end of H1. “It will continue to increase its own imports of flake graphite.”
Meanwhile, on the synthetic graphite front, the market could be driven into a deficit as a result of increasing demand from the lithium-ion battery and downstream EV sectors worldwide, Roskill, which was acquired by Wood Mackenzie, reported back in August.
“From a performance perspective, EV automakers prefer synthetic graphite, citing its superior fast charge turnaround and battery longevity,” a November Fastmarkets report reads. “Synthetic graphite, however, is costly, power intensive and environmentally unfriendly, with supply centered in China at odds with North American and European automakers’ desire for more localized supply.”
Graphite outlook 2022: What’s ahead
At the end of last year, analysts were expecting demand from the battery segment to continue to grow on the back of increased EV sales, with growth opportunities for both synthetic and natural graphite.
According to Benchmark Mineral Intelligence data, demand for natural graphite from the battery segment amounted to 400,000 tonnes in 2021, with that number expected to scale up to 3 million tonnes by 2030. Meanwhile, demand for synthetic graphite reached about 300,000 tonnes in 2021 and it’s expected to increase to 1.5 million tonnes by 2030.
“We do expect recycling to plug some of these gaps, but this isn't really likely to reach the necessary scale until post 2030,” Miller said in a December webinar. “So at the moment, the focus is really on synthesizing and mining this material as quickly as possible to meet the demand that we might see into the future.”
By volume, graphite is one of the most important elements in any electric vehicle battery ― there is between 50 and 100 kilograms of graphite, whether synthetic or natural, present within each vehicle.
“We can really see the sector growing progressively to around 15 times the demand we see today by 2030, outpacing moderate growth and demand from industrial applications,” Miller said.
That said, it's important to note that only certain types of natural graphite supply are relevant to and able to be qualified for the lithium-ion supply chain.
“This is really the biggest challenge in using natural graphite as a battery input,” Miller said. “This has the potential to exclude further capacity from projects in development.”
The expert explained that if all planned supply reached the market, it would have the potential to balance out demand up to 2029 to 2030, but with these limitations on which material can be qualified, the story takes a different direction.
“The primary limitation here is the mesh size inputs for the battery supply chain must be fine to medium flake,” Miller said, adding that consistency and high purity, somewhere around 94 to 95 percent carbon, is also key. “Flake graphite for the lithium ion supply chain must have low levels of impurity in order to avoid compromising the quality and longevity of the end product.”
According to Benchmark Mineral Intelligence, today, synthetic graphite anodes make up the majority of market share and approximately 57 percent of the anode market.
“Going forward, we do expect this to shift in the direction of natural graphite anodes to around a 50-50 balance for a multitude of reasons,” Miller said. His reasons include tight graphitization capacity, higher costs for synthetic graphite anode material and also the environmental shortcomings of the synthetic graphite supply chain at the moment.
Graphitization is the process of producing synthetic graphite from carbon-rich, oil-derived feedstock raw materials, and this process is energy intensive.
“In China, graphitization capacity has been mainly located in Inner Mongolia, a province which has some of the lowest energy costs in the country and where other high-energy metal producers, such as ferro-chrome smelters, are based,” Fastmarket reports. “But Inner Mongolia was the first in the firing line when the 2021 energy crisis unfolded.”
This resulted in reduced production and unpredictable cost increases for synthetic graphite, and the reason why many battery manufacturers in China could turn to natural graphite instead.
Looking ahead at how overall demand for graphite will perform, Benchmark Mineral Intelligence expects the battery segment to challenge industrial applications as the leading end-market for graphite demand. Over the next decade, anode demand will grow at an average of 27 percent compound annual growth rate (CAGR).
“Unlike some of the other critical mineral markets, there is still time for both the natural and synthetic graphite market deficits to be redressed — so long as adequate funding is provided for junior miners in the near term,” Miller said.
Commenting on price performance, Fastmarkets maintains the view that both flake and spherical graphite prices will trend stable to higher in the near term.
“The only potential reprieve we see for graphite prices would be if the power constraints diminish EV lithium-ion battery production, and in turn reduce demand for graphite anodes sufficiently to stem the upward pressure on graphite prices,” analysts said.
Another key trend for graphite investors to watch in the new year is how western automakers keep up with China, which has become the dominant player in all steps of the anode supply chain.
The ASX-listed company will process graphite from its Balama mine in Mozambique in its Louisiana plant, and will supply the EV maker with anode graphite material for an initial four year period. Tesla also has an option to offtake additional volume subject to Syrah expanding its capacity beyond 10,000 tonnes per year.
Don’t forget to follow us @INN_Resource for real-time updates!
Securities Disclosure: I, Priscila Barrera, hold no direct investment interest in any company mentioned in this article.
Editorial Disclosure: The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.nasdaq pandemic coronavirus oil european china
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