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Hot Penny Stocks to Buy Now? 3 to Watch For a Market Rebound

Making a penny stock watchlist right now? Here’s three small-caps to check out
The post Hot Penny Stocks to Buy Now? 3 to Watch For a Market Rebound appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.

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3 Penny Stocks to Add to Your Watchlist Right Now 

After the less than stellar trading session yesterday, many penny stocks investors are eager for a market rebound. But, to take advantage of a bullish turnaround, investors need to have a thorough understanding of what the market is doing right now, and how to trade penny stocks. These are the best ways to ensure that you have the greatest chance of finding potentially profitable penny stocks to buy

Right now, the largest impactor on the stock market is Covid. And while the pandemic itself is impacting the stock market, the ramifications of Covid such as inflation, stimulus, geopolitical issues, and more, are all contributing as well. This means that investors need to stay ahead and work to find out as much information about the market as possible. 

[Read More] Making Money With Penny Stocks During a Stock Market Crash

Any great investor will tell you that having research by your side will keep you informed and ahead of the game. And with penny stocks specifically, momentum is more often than not, driven by news or external factors. This is also known as speculation and is the driving force behind penny stocks’ movements. So, considering all of this, let’s take a look at three penny stocks to add to your watchlist right now. 

3 Penny For Your Watchlist in September 2021 

  1. Seanergy Maritime Holdings Corp. (NASDAQ: SHIP
  2. 1847 Goedeker Inc. (NYSE: GOED
  3. Alset EHome International Inc. (NASDAQ: AEI

Seanergy Maritime Holdings Corp. (NASDAQ: SHIP)

Seanergy Maritime Holdings Corp. is a penny stock that has climbed in value by almost 20% in the past month or so. If you’re not familiar, Seanergy is a company that transports dry bulk commodities by sea, such as iron ore and coal. As of February 19th, the company had 11 Capesize vessels that can carry 1,926,117 combined deadweight tons. Since February when the report was released, the number of vessels Seanergy has is substantially greater.

On September 8th, the company took delivery of its 17th Capesize M/V Worldship. This period charter will commence immediately. It has already entered a time charter with an existing charterer at a gross fixed rate of $31,750 per day for 12 to 16 months from the delivery. This vessel was purchased with cash on hand, and the company is in talks with a leading bank to finance some of the acquisition cost.

“I am pleased to announce the addition of the seventeenth Capesize vessel to our fleet and the concurrent commencement of her period employment. Including this delivery and the sale of the M/V Leadership, 94% percent of our fleet is employed under period time charters, 87% of which are index-linked T/Cs. This allows us to fully utilize our fleet in order to capitalize on the robust market rates.”

CEO of Seanergy, Stamatis Tsantanis

In other recent news, Seanergy just presented at multiple conferences such as the 20th Annual Marine Money Week Asia. Keeping this in mind, will SHIP stock be on your watchlist?

1847 Goedeker Inc. (NYSE: GOED)

1847 Goedeker Inc. is an e-commerce company that sells a large variety of products. The products that Goedeker sells include fitness equipment, televisions, patio furniture, and many other home appliances. In addition to the sale of these products, 1847 Goedeker provides installation services and old appliance removal services for its products. In the past month, shares of GOED stock have climbed by almost 20% which is quite substantial. 

[Read More] Are Biotech Penny Stocks Worth Buying? Check These 3 Out

On August 31st, the company announced a CEO transition and steps to strengthen its leadership. The co-founder of Appliances Connection, Albert Fouerti, has been appointed CEO of 1847 Goedeker. The company also appointed capital markets veteran and meaningful stockholder Ellery W. Roberts as executive chairman. With this, it now has established a strategic planning committee to help further accelerate its growth.

“Now that Goedeker has completed the acquisition of Appliances Connection, we are well-positioned to begin aggressively scaling and pursuing market leadership. We have a clear strategy that is grounded in providing customers unmatched selection, competitive pricing, dependable and fast shipping, and a seamless online shopping experience.”

Albert Foerti, CEO of 1847 Goedker

As a result of this announcement, GOED stock has continued to climb in several recent trading sessions. The company’s stock price is at $2.95 per share as of September 21st. With all of this in mind, will GOED stock make your penny stocks watchlist in September?

Penny_Stocks_to_Watch_1847_Goedeker_Inc

Alset EHome International Inc. (NASDAQ: AEI)

Alset EHome International Inc. is a property development company that is based in the United States. This company not only develops property but also engages in biohealth activities and digital transformation technology. When it comes to property development, it offers home building, sales, rental, property management, and more. For digital technology, it designs apps for enterprise messaging and e-commerce software platforms. In regards to biohealth, it researches nutritional chemistry to create a natural sugar alternative as well as products that slow the spread of disease.

On September 9th, Alset’s subsidiary American Pacific Bancorp received a $40 million investment from Document Security Systems Inc. (NYSE: DSS). American Pacific Bancorp will issue 6,666,700 shares of common stock at $6 per share to reach the total purchase price. DSS has now acquired more than 50% of ABP’s outstanding shares of common stock and is now the majority owner of the company.

CEO of DSS Frank D. Heuszel said, “This investment represents a strong validation of APB’s business model, and this fresh injection of funds should significantly improve APB’s ability to execute its plans on an expedited basis.” This announcement caused AEI stock to climb substantially in the market. AEI stock’s volume is much higher than its market average at the moment. With all of this in mind, is AEI making your list of penny stocks to watch?

Penny_Stocks_to_Watch_Alset_EHome_International_Inc_AEI_Stock_Chart

Are Penny Stocks Worth Buying Right Now?

Finding the best penny stocks to buy in 2021 can be challenging. But, with so much going on in the stock market right now, there is a lot of momentum to take advantage of.

[Read More] Best Penny Stocks To Buy Today? Retail Traders Are Watching These Now

Considering that Covid cases are beginning to decline in some areas of the country, many investors are hopeful about the future. But, it is always important to keep your investing strategy on hand no matter what the market conditions are. With all of this in mind, do you think that penny stocks are worth buying right now?

The post Hot Penny Stocks to Buy Now? 3 to Watch For a Market Rebound appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.

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Huge Dock Worker Protests In Italy, Fears Of Disruption, As Covid ‘Green Pass’ Takes Effect

Huge Dock Worker Protests In Italy, Fears Of Disruption, As Covid ‘Green Pass’ Takes Effect

Following Israel across the Mediterranean being the first country in the world to implement an internal Covid passport allowing only vaccinated citize

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Huge Dock Worker Protests In Italy, Fears Of Disruption, As Covid 'Green Pass' Takes Effect

Following Israel across the Mediterranean being the first country in the world to implement an internal Covid passport allowing only vaccinated citizens to engage in all public activity, Italy on Friday implemented its own 'Green Pass' in the strictest and first such move for Europe

The fully mandatory for every Italian citizen health pass "allows" entry into work spaces or activities like going to restaurants and bars, based on one of the following three conditions that must be met: 

  • proof of at least one dose of Covid-19 vaccine

  • or proof of recent recovery from an infection

  • or a negative test within the past 48 hours

Via AFP

It's already being recognized in multiple media reports as among "the world's strictest anti-COVID measures" for workers. First approved by Italian Prime Minister Mario Draghi's cabinet a month ago, it has now become mandatory on Oct.15.

Protests have been quick to pop up across various parts of the country, particularly as workers who don't comply can be fined 1,500 euros ($1,760); and alternately workers can be forced to take unpaid leave for refusing the jab. CNN notes that it triggered "protests at key ports and fears of disruption" on Friday, detailing further:

The largest demonstrations were at the major northeastern port of Trieste, where labor groups had threatened to block operations and around 6,000 protesters, some chanting and carrying flares, gathered outside the gates.

    Around 40% of Trieste's port workers are not vaccinated, said Stefano Puzzer, a local trade union official, a far higher proportion than in the general Italian population.

    Workers at the large port of Trieste have effectively blocked access to the key transport hub...

    As The Hill notes, anyone wishing to travel to Italy anytime soon will have to obtain the green pass: "The pass is already required in Italy for both tourists and nationals to enter museums, theatres, gyms and indoor restaurants, as well as to board trains, buses and domestic flights."

    The prime minister had earlier promoted the pass as a way to ensure no more lockdowns in already hard hit Italy, which has had an estimated 130,000 Covid-related deaths since the start of the pandemic.

    Meanwhile, the requirement of what's essentially a domestic Covid passport is practically catching on in other parts of Europe as well, with it already being required to enter certain hospitality settings in German and Greece, for example. Some towns in Germany have reportedly begun requiring vaccination proof just to enter stores. So likely the Italy model will soon be enacted in Western Europe as well.

    Tyler Durden Sat, 10/16/2021 - 07:35

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    Tracking Global Hunger & Food Insecurity

    Tracking Global Hunger & Food Insecurity

    Hunger is still one the biggest – and most solvable – problems in the world.

    Every day, as Visual Capitalist’s Bruno Venditti notes, more than 700 million people (8.8% of the world’s population)..

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    Tracking Global Hunger & Food Insecurity

    Hunger is still one the biggest - and most solvable - problems in the world.

    Every day, as Visual Capitalist's Bruno Venditti notes, more than 700 million people (8.8% of the world’s population) go to bed on an empty stomach, according to the UN World Food Programme (WFP).

    The WFP’s HungerMap LIVE displayed here tracks core indicators of acute hunger like household food consumption, livelihoods, child nutritional status, mortality, and access to clean water in order to rank countries.

    After sitting closer to 600 million from 2014 to 2019, the number of people in the world affected by hunger increased during the COVID-19 pandemic.

    In 2020, 155 million people (2% of the world’s population) experienced acute hunger, requiring urgent assistance.

    The Fight to Feed the World

    The problem of global hunger isn’t new, and attempts to solve it have making headlines for decades.

    On July 13, 1985, at Wembley Stadium in London, Prince Charles and Princess Diana officially opened Live Aid, a worldwide rock concert organized to raise money for the relief of famine-stricken Africans.

    The event was followed by similar concerts at other arenas around the world, globally linked by satellite to more than a billion viewers in 110 nations, raising more than $125 million ($309 million in today’s dollars) in famine relief for Africa.

    But 35+ years later, the continent still struggles. According to the UN, from 12 countries with the highest prevalence of insufficient food consumption in the world, nine are in Africa.

     

    Approximately 30 million people in Africa face the effects of severe food insecurity, including malnutrition, starvation, and poverty.

     

    Wasted Leftovers

    Although many of the reasons for the food crisis around the globe involve conflicts or environmental challenges, one of the big contributors is food waste.

    According to the United Nations, one-third of food produced for human consumption is lost or wasted globally. This amounts to about 1.3 billion tons of wasted food per year, worth approximately $1 trillion.

    All the food produced but never eaten would be sufficient to feed two billion people. That’s more than twice the number of undernourished people across the globe. Consumers in rich countries waste almost as much food as the entire net food production of sub-Saharan Africa each year.

    Solving Global Hunger

    While many people may not be “hungry” in the sense that they are suffering physical discomfort, they may still be food insecure, lacking regular access to enough safe and nutritious food for normal growth and development.

    Estimates of how much money it would take to end world hunger range from $7 billion to $265 billion per year.

    But to tackle the problem, investments must be utilized in the right places. Specialists say that governments and organizations need to provide food and humanitarian relief to the most at-risk regions, increase agricultural productivity, and invest in more efficient supply chains.

    Tyler Durden Fri, 10/15/2021 - 23:30

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    Retail And Food Sales: If It’s Not Inflation, And It’s Not, Then What Is It?

    OK, so we went through the ways and reasons consumer price increases are not inflation, cannot be inflation, are nowhere near actual inflation, and what all that really means. The rate they’ve gone up hasn’t been due to an overactive Federal Reserve,…

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    OK, so we went through the ways and reasons consumer price increases are not inflation, cannot be inflation, are nowhere near actual inflation, and what all that really means. The rate they’ve gone up hasn’t been due to an overactive Federal Reserve, so it has to be something else. This is why, though the bulge has been painful, it’s already beginning to normalize. Without a persistent monetary component (in reality, not what’s in the media) the economy will adjust eventually.

    It already has. Several times, and that’s part of the problem.



    If not money, and it’s not, then what is behind the camel humps? No surprise, Uncle Sam’s ill-timed drops along with reasonable rigidities in the supply chain.

    An Economist might call this an accordion effect. One recently did:

    The closures and reopenings of different industries, coupled with the surges and lags in consumer purchasing during the pandemic, have caused an “accordion effect,” says Shelby Swain Myers, an economist for American Farm Bureau Federation, with lots of industries playing catch-up even as they see higher consumer demand.

    Not just surges and lags, but structural changes that have been forced onto the supply chain from them. With the Census Bureau reporting US retail sales today, no better time than now and no better place than food sales to illustrate the non-economics responsible for the current “inflation” problem.

    When governments panicked in early 2020, they shut down without thinking any farther than “two weeks to slow the spread.” This is, after all, any government’s modus operandi; unintended consequences is what they do.

    The food supply chain had for decades been increasingly adapted to meeting the needs of two very different methods of distributing food products; X amount of capacity was dedicated to the at-home grocery model, while Y had been set up for the growing penchant for eating out (among the increasingly fewer able to afford it). Essentially, two separate supply chains which don’t easily mix; if at all.

    Not only that, food distributors can’t simply switch from one to the other. And even if they could, the costs of doing so, and the anticipated payback when undertaking this, were and are massive considerations. McKinsey calculated these trade-offs in the middle of last year, sobering hurdles for an already stretched situation back then:

    Moreover, many food-service producers have already invested in equipment and facilities to produce and package food in large multi-serving formats for complex prepared-, processed-, frozen-, canned-, and packaged-food value chains. It would be highly inefficient to reconfigure those investments to single service sizes.

    And if anyone had reconfigured or would because they felt this economic shift might be more permanent:

    For food-service producers, the dilemma is around the two- to five-year payback period of new packaging lines. Reinvesting and rebalancing a food-service network for retail is not a straightforward decision. Companies making new investments would be facing a 40 percent or more decline in revenue. And any number of issues could extend the payback period or make investments unrecoverable. Forecasts are uncertain, for example, about the duration of pandemic-related demand shifts, the recovery of the food-service economy, and the timeline of returning to full employment.

    So, for some the accordion of shuttered restaurants squeezed food distributors far more toward the grocery and take-home way of doing their food businesses. And it may have seemed like a great bet, or less disastrous, as “two weeks to slow the spread” morphed to other always-shifting government mandates which appeared to make these non-economics of the pandemic a permanent impress.

    More grocery, less dining. Forever after.

    In one famous example, Heinz Ketchup responded to what some called the Great Ketchup/Catsup? Shortage by rearranging eight, yes, eight production lines to spit out their tomato paste in individual servings rather than bottles. CEO Miguel Patricio told Time Magazine back in June (2021) there hadn’t actually been any shortage of product, just the wrong packaging for it:

    It’s not that we don’t have ketchup. We have ketchup, but in different packages. The strain on demand started when people stopped going to restaurants and they were ordering takeout and home delivery. There would be a lot of packets in the takeout orders. So we have bottles; we don’t have enough pouches. There were pouches being sold on eBay.

    But then…vaccines. Suddenly, after over a year of the above, by April 2021 the doors were flung back open, stir-crazy Americans flew back to their local pubs and establishments (see: below) and within months, according to retail sales, it was almost back to normal again. Meaning pre-COVID.



    The accordion had expanded back out but how much of the food services supply chain had been converted to serve the eat-at-home way which many companies had understandably been led to believe was going to be a lasting transformation?

    Do they undertake even more costly and wasted investments to go back? Maybe they resist, just shipping what they have even if not fully suited in the way it had been before all this began.

    Does Heinz spend the money to reconfigure those same eight production lines so as to revert to producing their ketchup in bottles? Almost certainly, but equally certain they’re going to take their sweet time doing it; milking every last ounce of efficiency – limiting their losses, really – they can out of what may prove to have been a bad decision (again, you can’t really fault Mr. Patricio for being unable to predict pandemic politics).

    Rancher Greg Newhall of Windy N Ranch in Washington likewise told NPR that he has the animals, beef, pork, lamb, chicken, goat, but distributors are caught in the accordion (Newhall didn’t use that term):

    NEWHALL: People don’t understand how unstable and insecure the supply chain is. That isn’t to say that people are going to starve, but they may be eating alternate meats or peanut butter rather than ground beef.

    GARCIA-NAVARRO: Newhall says he hasn’t had any issues raising his animals. It’s the processing and shipping that’s the bottleneck, as the industry’s biggest players pay top dollar to secure their own supply chains.

    The usual credentialed Economist NPR asked for comment first tried to blame LABOR SHORTAGE!!! issues, including those the mainstream had associated with the pandemic (closed schools forcing parents to stay home, or workers somehow deathly afraid of working in close proximity with others) before then admitting:

    CHRIS BARRETT: And there’s also the readjustment of the manufacturing process. As restaurants are quickly opening back up, the food manufacturers and processors have to retool to begin to supply again the bulk-packaged products that are being used by institutional food service providers.

    With US retail sales continuing at an elevated rate, the pressures on the goods sector are going to remain intense.


    Because, however, this is not inflation – there’s no monetary reasons behind the price gouge – the economy given enough time will adjust. And it has adjusted in some ways, very painful ways.

    Painful in the sense beyond just hyped-up food prices and what we pay for gasoline lately, the services sector has instead born the brunt of this ongoing adjustment. Consumers have bought up goods (in retail sales) at the expense of what they aren’t buying in services (not in retail sales); better pricing for sparsely available goods stuck in supply chains, seeming never-ending recession for service providers.

    According to the BEA’s last figures, overall services spending remains substantially lower than when the recession began last year. And it shows in services prices which had been temporarily boosted by Uncle Sam’s helicopter only to quickly, far more speedily and noticeably fall back in line with the prior, pre-existing disinflationary trend following a much smaller second camel hump.



    Once the supply and other non-economic issues get sorted out, we would expect the same thing in goods, too. It is already shaping up this way, though bottlenecks and inefficiencies are sure to remain impediments and drags well into next year.

    Those include other factors beyond food or domestic logistical nightmares. Port problems, foreign sourcing, etc. The accordion has played the entire global economy, and in one sense it has created the illusion of recovery and inflation out of a situation which in reality is nothing like either.

    That’s the literal downside of transitory. We can see what the price bulge(s) had really been, and therefore what it never was.

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