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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 | PennyStocks.com.

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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 | PennyStocks.com.

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Easyjet share price down 3% as pandemic losses hit £2.2 billion

The EasyJet share price shed over 3% today to give up a chunk of…
The post Easyjet share price down 3% as pandemic losses hit £2.2 billion first appeared on Trading and Investment News.

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The EasyJet share price shed over 3% today to give up a chunk of the gains the budget airline had made earlier in the week. The new slide came after it announced a £213 loss for the last quarter of the year covering the Christmas period, taking losses for the Covid-19 pandemic period to £2.2 billion. The airline also told investors it is still burning through £150 million in cash every month as it struggles to build capacity back up.

The short-haul airline that makes most of its income shuttling holidaymakers and business travellers around Europe said it is still only operating at around half of its pre-pandemic capacity. However, it is hopeful that pent-up demand and an end to travel restrictions mean it will return to pre-pandemic levels by summer and enjoy much brisker trade than of late over the Easter and spring period.

easy jet plc

But before then the airline company will again have to absorb deep losses over the current quarter, which is traditionally its weakest of the year. Even a strong summer period, think most analysts, will be insufficient to see the company return to profit this year. EasyJet’s value is still less than half of what it was in February 2020 before the coronavirus-induced market sell-off that hit later that month and saw markets dive into March before starting to recover. The share prices of rival budget airlines Ryanair and WizzAir have recovered much more strongly in comparison to EasyJet’s and are now close to their pre-pandemic levels. There have been concerns around whether EasyJet could survive the pandemic but investors contributed £1.2 billion last autumn to bolster its balance sheet.

The EasyJet share price is closing the week at around £6.15 compared to over £15 before the pandemic. However, there is now hope the worst may be behind the airline and it can begin its, potentially long, journey back to health. Chief executive John Lundgren attempted to soften the announcement of another hefty loss with a bullish statement on where things go from here for his company:

“Booking volumes jumped in the UK following the welcome reduction of travel restrictions announced on January 5, which have been sustained and given a further boost from the UK government’s decision this week to remove all testing requirements.”

“We believe testing for travel across our network should soon become a thing of the past. We see a strong summer ahead, with pent-up demand that will see easyJet returning to near-2019 levels of capacity, with UK beach and leisure routes performing particularly well.”

For now, however, forward guidance for the immediate quarter remains cautious with the company admitting it has fallen short of its expectations to be at 80% capacity by this quarter, sitting at just 67%. However, with most analysts confident the company will eventually return to strength, and profit in the 2022-23 financial year, EasyJet shares could offer a good buying opportunity at current levels.

The post Easyjet share price down 3% as pandemic losses hit £2.2 billion first appeared on Trading and Investment News.

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Xi Jinping Seeking “Global Domination”: Mike Pompeo

Xi Jinping Seeking "Global Domination": Mike Pompeo

Authored by Nathan Worcester via The Epoch Times,

Mike Pompeo said Chinese leader Xi Jinping wants “global domination—hegemony for the Chinese Communist Party,” warning that the…

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Xi Jinping Seeking "Global Domination": Mike Pompeo

Authored by Nathan Worcester via The Epoch Times,

Mike Pompeo said Chinese leader Xi Jinping wants “global domination—hegemony for the Chinese Communist Party,” warning that the rise of the Chinese Communist Party (CCP) could destroy the rules-based international order in place since the end of World War II.

“It’s not about putting a Chinese tank division in Taiwan. It’s about accreting political power and influence throughout the world,” Pompeo said.

Pompeo, who served first as CIA director and later as Secretary of State under President Donald Trump, made the statement in an appearance at the Argus Americas Crude Summit 2022.

He said his tenure as CIA director came at a time when U.S. attention had to shift from terrorism to other threats, foremost among them the CCP.

He added that a “global awakening” is taking place about what he sees as the ambitions of the CCP.

“Most of the credit goes to Xi Jinping. He foisted a virus on the world, for goodness’ sake, and refuses to let anybody go figure out where it came from,” Pompeo said.

The CCP has met with international criticism for blocking access to the Wuhan Institute of Virology (WIV) and related facilities in Wuhan by the United Nations. Many scientists and journalists suspect the CCP virus that causes COVID-19 originated at the WIV.

Pompeo also commented on ongoing trade-related conflict between the United States and China, raising questions about the United States’ initial decision to open up to China in the context of its primary Cold War conflict with China’s then-rival, the Soviet Union.

“The trade war began maybe in 1972,” he said, referring to Henry Kissinger and President Richard Nixon’s visit to the People’s Republic of China in the context of restoring diplomatic ties.

“Maybe it was the right thing to do in 1972—but the trade war long predates the Trump administration.”

“We encouraged business together. I don’t fault the businesses who went there. Notice the past tense of this. America’s policy encouraged connectivity with the Chinese Communist Party. Today, that is an enormous liability for the world, and Xi Jinping knows that,” Pompeo said.

Tyler Durden Fri, 01/28/2022 - 23:00

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Authoritarian Madness: The Slippery Slope From Lockdowns To Concentration Camps

Authoritarian Madness: The Slippery Slope From Lockdowns To Concentration Camps

Authored by John W. Whitehead & Nisha Whitehead via The Rutherford Institute,

“All the Dachaus must remain standing. The Dachaus, the Belsens, the Buchenwal

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Authoritarian Madness: The Slippery Slope From Lockdowns To Concentration Camps

Authored by John W. Whitehead & Nisha Whitehead via The Rutherford Institute,

“All the Dachaus must remain standing. The Dachaus, the Belsens, the Buchenwald, the Auschwitzes—all of them. They must remain standing because they are a monument to a moment in time when some men decided to turn the Earth into a graveyard. Into it they shoveled all of their reason, their logic, their knowledge, but worst of all, their conscience. And the moment we forget this, the moment we cease to be haunted by its remembrance, then we become the gravediggers.”

- Rod Serling, Deaths-Head Revisited

In the politically charged, polarizing tug-of-war that is the debate over COVID-19, we find ourselves buffeted by fear over a viral pandemic that continues to wreak havoc with lives and the economy, threats of vaccine mandates and financial penalties for noncompliance, and discord over how to legislate the public good without sacrificing individual liberty.

The discord is getting more discordant by the day.

Just recently, for instance, the Salt Lake Tribune Editorial Board suggested that government officials should mandate mass vaccinations and deploy the National Guard “to ensure that people without proof of vaccination would not be allowed, well, anywhere.”

In other words, lock up the unvaccinated and use the military to determine who gets to be “free.”

These tactics have been used before.

This is why significant numbers of people are worried: because this is the slippery slope that starts with well-meaning intentions for the greater good and ends with tyrannical abuses no one should tolerate.

For a glimpse at what the future might look like if such a policy were to be enforced, look beyond America’s borders.

In Italy, the unvaccinated are banned from restaurants, bars and public transportation, and could face suspensions from work and monthly fines. Similarly, France will ban the unvaccinated from most public venues.

In Austria, anyone who has not complied with the vaccine mandate could face fines up to $4100. Police will be authorized to carry out routine checks and demand proof of vaccination, with penalties of as much as $685 for failure to do so.

In China, which has adopted a zero tolerance, “zero COVID” strategy, whole cities—some with populations in the tens of millions—are being forced into home lockdowns for weeks on end, resulting in mass shortages of food and household supplies. Reports have surfaced of residents “trading cigarettes for cabbage, dishwashing liquid for apples and sanitary pads for a small pile of vegetables. One resident traded a Nintendo Switch console for a packet of instant noodles and two steamed buns.”

For those unfortunate enough to contract COVID-19, China has constructed “quarantine camps” throughout the country: massive complexes boasting thousands of small, metal boxes containing little more than a bed and a toilet. Detainees—including children, pregnant women and the elderly— were reportedly ordered to leave their homes in the middle of the night, transported to the quarantine camps in buses and held in isolation.

If this last scenario sounds chillingly familiar, it should.

Eighty years ago, another authoritarian regime established more than 44,000 quarantine camps for those perceived as “enemies of the state”: racially inferior, politically unacceptable or simply noncompliant.

While the majority of those imprisoned in the Nazi concentration camps, forced labor camps, incarceration sites and ghettos were Jews, there were also Polish nationals, gypsies, Russians, political dissidents, resistance fighters, Jehovah’s Witnesses, and homosexuals.

Culturally, we have become so fixated on the mass murders of Jewish prisoners by the Nazis that we overlook the fact that the purpose of these concentration camps were initially intended to “incarcerate and intimidate the leaders of political, social, and cultural movements that the Nazis perceived to be a threat to the survival of the regime.”

As the U.S. Holocaust Memorial Museum explains:

“Most prisoners in the early concentration camps were political prisoners—German Communists, Socialists, Social Democrats—as well as Roma (Gypsies), Jehovah's Witnesses, homosexuals, and persons accused of ‘asocial’ or socially deviant behavior. Many of these sites were called concentration camps. The term concentration camp refers to a camp in which people are detained or confined, usually under harsh conditions and without regard to legal norms of arrest and imprisonment that are acceptable in a constitutional democracy.”

How do you get from there to here, from Auschwitz concentration camps to COVID quarantine centers?

Connect the dots.

You don’t have to be unvaccinated or a conspiracy theorist or even anti-government to be worried about what lies ahead. You just have to recognize the truth in the warning: power corrupts, and absolute power corrupts absolutely.

This is not about COVID-19. Nor is it about politics, populist movements, or any particular country.

This is about what happens when good, generally decent people—distracted by manufactured crises, polarizing politics, and fighting that divides the populace into warring “us vs. them” camps—fail to take note of the looming danger that threatens to wipe freedom from the map and place us all in chains.

It’s about what happens when any government is empowered to adopt a comply-or-suffer-the-consequences mindset that is enforced through mandates, lockdowns, penalties, detention centers, martial law, and a disregard for the rights of the individual.

The slippery slope begins in just this way, with propaganda campaigns about the public good being more important than individual liberty, and it ends with lockdowns and concentration camps.

The danger signs are everywhere.

Claudio Ronco, a 66-year-old Orthodox Jew and a specialist in 18th-century music, recognizes the signs. Because of his decision to remain unvaccinated, Ronco is trapped inside his house, unable to move about in public without a digital vaccination card. He can no longer board a plane, check into a hotel, eat at a restaurant or get a coffee at a bar. He has been ostracized by friends, shut out of public life, and will soon face monthly fines for insisting on his right to bodily integrity and individual freedom.

For all intents and purposes, Ronco has become an undesirable in the eyes of the government, forced into isolation so he doesn’t risk contaminating the rest of the populace.

This is the slippery slope: a government empowered to restrict movements, limit individual liberty, and isolate “undesirables” to prevent the spread of a disease is a government that has the power to lockdown a country, label whole segments of the population a danger to national security, and force those undesirables—a.k.a. extremists, dissidents, troublemakers, etc.—into isolation so they don’t contaminate the rest of the populace.

The world has been down this road before, too.

Others have ignored the warning signs. We cannot afford to do so.

As historian Milton Mayer recounts in his seminal book on Hitler’s rise to power, They Thought They Were Free:

“Most of us did not want to think about fundamental things and never had. There was no need to. Nazism gave us some dreadful, fundamental things to think about—we were decent people‑—and kept us so busy with continuous changes and 'crises' and so fascinated, yes, fascinated, by the machinations of the 'national enemies', without and within, that we had no time to think about these dreadful things that were growing, little by little, all around us.”

The German people chose to ignore the truth and believe the lie.

They were not oblivious to the horrors taking place around them. As historian Robert Gellately points out, “[A]nyone in Nazi Germany who wanted to find out about the Gestapo, the concentration camps, and the campaigns of discrimination and persecutions need only read the newspapers.”

The warning signs were there, blinking incessantly like large neon signs.

“Still,” Gellately writes, “the vast majority voted in favor of Nazism, and in spite of what they could read in the press and hear by word of mouth about the secret police, the concentration camps, official anti-Semitism, and so on. . . . [T]here is no getting away from the fact that at that moment, ‘the vast majority of the German people backed him.’”

Half a century later, the wife of a prominent German historian, neither of whom were members of the Nazi party, opined: “[O]n the whole, everyone felt well. . . . And there were certainly eighty percent who lived productively and positively throughout the time. . . . We also had good years. We had wonderful years.”

In other words, as long as their creature comforts remained undiminished, as long as their bank accounts remained flush, as long as they weren’t being locked up, locked down, discriminated against, persecuted, starved, beaten, shot, stripped, jailed or killed, life was good.

Life is good in America, too, as long as you’re able to keep cocooning yourself in political fantasies that depict a world in which your party is always right and everyone else is wrong, while distracting yourself with bread-and-circus entertainment that bears no resemblance to reality.

Indeed, life in America may be good for the privileged few who aren’t being locked up, locked down, discriminated against, persecuted, starved, beaten, shot, stripped, jailed or killed, but it’s getting worse by the day for the rest of us.

Which brings me back to the present crisis: COVID-19 is not the Holocaust, and those who advocate vaccine mandates, lockdowns and quarantine camps are not Hitler, but this still has the makings of a slippery slope.

The means do not justify the ends: we must find other ways of fighting a pandemic without resorting to mandates and lockdowns and concentration camps. To do otherwise is to lay the groundwork for another authoritarian monster to rise up and wreak havoc.

If we do not want to repeat the past, then we must learn from past mistakes.

January 27 marks Remembrance Day, the anniversary of the liberation of Auschwitz-Birkenau, a day for remembering those who died at the hands of Hitler’s henchmen and those who survived the horrors of the Nazi concentration camps.

Yet remembering is not enough. We can do better. We must do better.

As I make clear in my book Battlefield America: The War on the American People and in its fictional counterpart The Erik Blair Diaries, the world is teetering on the edge of authoritarian madness.

All it will take is one solid push for tyranny to prevail.

Tyler Durden Fri, 01/28/2022 - 23:40

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