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Hot Penny Stocks To Buy? 7 To Watch As African Variant Shakes Markets

Hot penny stocks to watch as new virus fears emerge on Black Friday.
The post Hot Penny Stocks To Buy? 7 To Watch As African Variant Shakes Markets appeared first on Penny Stocks to Buy, Picks, News and Information |



New African Virus Variant Puts These Penny Stocks In The Spotlight Today

What’s going on in the stock market today? Earlier this week, we were heading into the holiday nearing record-high levels. Countless penny stocks were red hot, and retail traders were reaping the rewards before Black Friday. Now, on the actual day of discounts, stocks have given the market lower prices too. Why is the stock market down today?

Over the Thanksgiving holiday, news emerged on a new virus variant. I don’t have to explain the magnitude of the 2020 pandemic for you to understand exactly why some are afraid of what’s to come.

New Variant Shakes Markets

So what happened and why the knee-jerk reaction in markets? A new, heavily mutated virus of the one we’ve come to know over the last year has emerged with confirmed cases primarily concentrated in one area of South Africa. This new variant called B.1.1.529 is expected to be given a Greek code-name like other variants. According to reports from the BBC, Prof Tulio de Oliveira, the director of the Centre for Epidemic Response and Innovation in South Africa, explained that there was an “unusual constellation of mutations.” Professor de Oliveira also said that it is “very different” from other variants that have circulated.

“This variant did surprise us, it has a big jump on evolution [and] many more mutations that we expected.”

Keep in mind that more mutation doesn’t particularly mean that this is a “worse” form of the virus. But it is essential to know what the mutations are and what it’s doing to the virus. Beta was a considerable concern early on, but that took a back seat to the faster-spreading Delta. As far as what’s to come, however, it’s still too early to tell. We know right now that over 80 cases have been fully confirmed, including in South Africa, Botswana, Hong Kong, and Israel.

Read more: 3 Penny Stocks Cathie Wood’s ARK Invest Bought In 2021, Will You?

Meanwhile, The World Health Organization (WHO) said it might be a few weeks until it can understand the real impact of the new variant, including how transmissible it is.

Restrictions, Engage!

Keep in mind that areas worldwide have already begun engaging in new restriction measures, including Austria going back into lockdown amid a surge of virus cases in Europe. Meanwhile, Germany’s report of thousands of new cases prompted government officials to bring the idea of lockdowns back into the conversation. Recent travel bans have also been initiated. The European Union, Singapore, and other countries have begun pausing travel to or from the South African region.

All of this has shaken the stock market today. But that doesn’t mean it’s all doom and gloom. In fact, some of the companies that flourished during the pandemic are now back in the spotlight. This includes a slew of penny stocks to watch right now.

Penny Stocks To Watch

  1. XpresSpa Group Inc. (NASDAQ:XSPA)
  2. Geovax Labs Inc. (NASDAQ:GOVX)
  3. iBio Inc. (NASDAQ:IBIO)
  4. Oragenics Inc. (NYSE:OGEN)
  5. NovaBay Pharmaceuticals (NYSE:NBY)
  6. SiNtx Technologies (NASDAQ:SINT)
  7. Chembio Diagnostics Inc. (NASDAQ:CEMI)

Penny Stocks To Watch 1. XpresSpa Group Inc. (NASDAQ:XSPA)

Those who’ve traded penny stocks for a while have probably become familiar with XpresSpa Group Inc. (NASDAQ:XSPA). It was best-known for its retail outlets in airports offering light spa services. With the onset of the pandemic, it focused on using its unique positioning to provide an outlet for virus testing. Though the last year has been volatile, the latest surge in uncertainty has boosted sentiment surrounding XSPA stock. Analysts at HC Wainwright recently lifted their target from $3.50 to $4 on the penny stock.

In its latest quarterly update, CEO Doug Satzman explained, “Having already launched our Treat website and mobile app, we are now focused on opening our first Treat In-Airport Wellness Centers. Treat at JFK Terminal 4 is scheduled to open next month, while Treat at Phoenix Sky Harbor is now scheduled during the first quarter of next year. Additional location openings are planned for 2022 and 2023.”

With the chances of more testing becoming a core focus in preventing the spread of any new variants, XSPA could be one of the penny stocks to watch.

2. Geovax Labs Inc. (NASDAQ:GOVX)

Similar to XSPA, shares of GOVX stock have also experienced a volatile year in 2021. The stock has bounced around most of the year after kicking things off with a rally to highs of over $8.70 in the first quarter. Geovax Labs Inc. (NASDAQ:GOVX) factors into this whole virus niche thanks to the development and ongoing studies of a preventative vaccine. In its latest presentation at the Vaccine World Asia Congress, the company highlighted its platform and the ability to induce broader immunity.

Earlier this month, the company entered into a license agreement with City of Hope. The deal grants GeoVax exclusive rights to develop and commercialize its COH0451 platform targeting the SARS-CoV-2 virus. There’s currently a trial comparing COH0451 to Pfizer’s (NYSE:PFE) mRNA vaccine.

Penny Stocks To Watch 3. iBio Inc. (NASDAQ:IBIO)

iBIO Stock

Shares of iBio Inc. (NASDAQ:IBIO) have also spiked early on Black Friday. With vaccine stocks in a bright spotlight, certain stocks that have been quiet are waking up a bit. IBIO is one of these and maybe a warm welcome to those who’ve endured a rough year so far. Year-to-date, shares are down over 30%, but the latest surge of interest in vaccine stocks has triggered a rebound (for now).

iBio is a biopharmaceutical company focusing on its FastPharming Manufacturing System. Among the therapeutics the company has developed, its IBIO-202 targets the COVID-19 virus. iBio has already submitted a pre-IND package to the FDA and anticipates a response “in the coming months.”

4. Oragenics Inc. (NYSE:OGEN)

Like iBio, Oragenics Inc. (NYSE:OGEN) has been very quiet over the last few weeks. However, the uptick in virus anxiety has brought some new interest to the penny stock this week. Black Friday saw shares of OGEN stock perk up early, thanks to this.

Oragenics falls into the vaccine niche of this list of virus stocks. The company has worked on the development of its Terra CoV-2 platform. This is a candidate to prevent variants of SARS-CoV-2.

Read more: 5 Penny Stocks To Buy Now According To Insiders

Late last quarter, the company began a Challenge study to evaluate multiple formulations of its vaccine candidate. What’s more, results are expected this month. So, with the clock ticking down in November and new pressure coming from this latest variant, OGEN stock could be one to watch.

5. NovaBay Pharmaceuticals (NYSE:NBY)

NovaBay NBY stock

Though vaccine stocks are in a very bright light right now, you can’t forget about the rest of the virus ecosystem. Early on in 2020, companies providing personal protective equipment flourished. This included companies like NovaBay Pharmaceuticals (NYSE:NBY). Shares of NBY stock surged to highs of nearly $2 last year, and in 2021, virus concerns during the first quarter helped give the penny stock a boost back to highs of almost $1.80.

Since then, NovaBay has gradually slid back below $1. But this latest interest in the African variant has reignited attention on PPE stocks. Shares of NovaBay have been on the move this week, jumping from around 45 cents on Wednesday to highs of $0.55 so far. The company’s main business focuses on consumer products for eye care. However, it’s currently benefiting in the stock market today thanks to its offering of KN95 masks during the pandemic. With the first line of defense, so to speak, being addressed by PPE, NBY stock could be one to watch as virus concerns reemerge.

6. SiNtx Technologies (NASDAQ:SINT)

Similar to NovaBay, SiNtx Technologies (NASDAQ:SINT) is another one of the potential PPE stocks to watch right now. The company specializes in ceramics for medical and non-medical applications. Where does it fall into the virus niche right now?

Its silicon nitride powder and antimicrobial fabrics platform has been applied to PPE. In particular, SiNtx’s Flex SN-AP masks have shown antipathogenic activity against viruses, including SARS-CoV-2. With an uptick in new variants and global cases, SINT could be one of the penny stocks to watch right now.

7. Chembio Diagnostics Inc. (NASDAQ:CEMI)

Then you’ve got other companies in the virus ecosystem that don’t focus on vaccines or PPE. These are companies like Chembio Diagnostics Inc. (NASDAQ:CEMI) that develop diagnostic tests. It develops point-of-care tests used in the rapid detection of infectious diseases. These diseases include things like STDs, insect diseases, tropical diseases, and, yes, COVID-19.

Earlier this month, Chembio announced the submission of an emergency use authorization application to the FDA for its new dual path antigen test. The minimally invasive nasal swab was designed to detect antigens in 20 minutes. Richard Eberly, Chembio’s President and Chief Executive Officer, also said, “We are pleased to have completed the submission, which we view as a testament to our team’s dedication and technical expertise. Again, we would like to extend our gratitude to BARDA for their continued guidance and support throughout this process. We look forward to working closely with BARDA and the FDA to bring patients and health care workers the benefits of the DPP SARS-CoV-2 Antigen test system.”

Are Virus Stocks On Your List Right Now?

With new variants and spreading cases globally, virus stocks are in the mainstream conversation right now. Considering what we learned from the last few bouts of speculative trading, it will be interesting to see how long this latest trend lasts in the stock market. Regardless, it has become prevalent on Black Friday and could be a trend to follow heading into the weekend.

The post Hot Penny Stocks To Buy? 7 To Watch As African Variant Shakes Markets appeared first on Penny Stocks to Buy, Picks, News and Information |

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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"…



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.


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…



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…



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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