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Hot Penny Stocks to Buy on Reddit? 7 Need-To-Know Small-Caps

Which penny stocks on Reddit are investors watching right now? Here’s 7 for your list
The post Hot Penny Stocks to Buy on Reddit? 7 Need-To-Know Small-Caps appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.

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Top Reddit Penny Stocks For Your Watchlist Right Now

Over the past year, finding penny stocks on Reddit has become a favored pastime for small-caps investors. While it can be challenging with hundreds of penny stocks to choose from, doing research will help to separate the winners from the losers. It’s well known that Reddit penny stocks tend to be more volatile than most others. However, we also have to consider the effects of other social media applications such as Twitter. [Read More] Best Robinhood Penny Stocks to Buy Right Now? 7 For Your Watchlist With this, we see that any trending penny stocks can appear on any social media site at any time. And because of this, understanding which are mentioned frequently and how to take advantage is a great strategy. Of course, investors should do their own research into the individual company to make sure that its fundamentals are there. However, because speculation is key in this regard, it is a mixture of both factors. This article is a continuation of ‘Reddit Penny Stocks to Buy? 3 Small-Caps For Your Summer Watchlist‘. With this in mind, here are seven Reddit penny stocks that should be on your watchlist.

7 Reddit Penny Stocks to Watch Right Now

  1. 1847 Goedeker Inc. (NYSE: GOED)
  2. Auddia Inc. (NASDAQ: AUUD)
  3. Adamis Pharmaceuticals Corp. (NASDAQ: ADMP)
  4. MICT Inc. (NASDAQ: MICT)

1847 Goedeker Inc. (NYSE: GOED)

1847 Goedeker Inc. is an e-commerce penny stock that increased in value dramatically on June 23rd. The company primarily sells furniture and appliances in the United States. 1847 Goedeker also sells fitness equipment, televisions, outdoor products, fixtures, and more. It also offers installation and old appliance removal services. With this, we see that its retail business is quite broad. On June 16th the company announced that it has continued strong growth in the month of May 2021. Its revenue for the month was up 41.9% year over year on a combined proforma basis. GOED stock has increased by more than $1 per share since this announcement was made. Now, the company’s volume continues to be more than double its average which is a positive sign for bullish investors. Specifically, GOED stock increased by over 12% on June 23rd.
“We continue to operate at more than a $500 million annual revenue run rate through May. While our fill rate of 61% remains well below our historical 85% rate, we continue to believe we will see a return to normal shipping trends as manufacturers catch production up to consumer demand in the latter part of the third quarter.” CEO of 1847 Goedeker, Doug Moore
Considering this, will you add this penny stock to your watchlist?
Penny_Stocks_to_Watch_1847_Goedeker_Inc._(GOED_Stock_Chart)

Auddia Inc. (NASDAQ: AUUD)

This next penny stock, Auddia Inc., just saw a massive uptick that has attracted investors. Auddia is a tech penny stock that focuses on software development. Its software products are created for podcasting and audio markets. The main product is offers known as Auddia, which is a subscription-based mobile app that lets users listen to AM/FM radio stations with no commercials. It also has Vodacast in its product lineup, which is an interactive podcasting platform and app. Additionally, Auddia Inc. operates Vodcast Hub which is a content management system. On June 23rd, AUUD stock is up more than 18% in the market. This comes after a June 22nd announcement made by the company. Auddia Inc. released major technology advancements in AI with a new audio content processing method. Its new approach will increase accuracy by 170% and reduce the processing time by at least 5X while virtually getting rid of the majority of costs associated with broadcasting. The full national launch of its AI technology will be in the second half of 2021.
“Our latest advancement in AI takes advantage of what we always understood to be one of the most valuable elements of the audio content ecosystem, which is the abundance and open availability of audio data. Accurately tagging that audio data with precise metadata is the ultimate objective, and our new methodology enables us to meet that objective.” The Chief Technology Officer at Auddia, Peter Shoebridge
So will AUUD stock make your watchlist as its volume is almost 100 times its average?
Penny_Stocks_to_Watch_Auddia_Inc._(AUUD_Stock_Chart)

Adamis Pharmaceuticals Corporation (NASDAQ: ADMP)

Adamis Pharmaceuticals Corporation is a biotech penny stock that creates products for the therapeutic areas of allergy and respiratory disease. The United States-based company focuses on the development and commercialization of these products. Its product candidates include Symjepi Injection pre-filled syringes for use in the emergency treatment of acute allergic reactions. Additionally, its compound APC410 is in trials for the treatment of respiratory diseases, such as influenza and COVID-19. [Read More] Trending Penny Stocks to Buy Right Now? 8 For Your Watchlist As you may have seen, companies involved with creating COVID-19 treatments have come into the public eye over the past year or so. On June 11th, Adamis provided an update on the clinical trial start-up progress for Tempol in the treatment of COVID-19. Activities will be proceeding for the Phase 2/3 trial examining the effects of Tempol for the treatment of COVID-19.
“We believe that additional treatment modalities are sorely needed for COVID-19 due to the surge of virus variants. Because of Tempol’s mechanism of action, it may inhibit viral replication of all current and future variants of the virus.” CEO of Adamis, Dr. Dennis Carlo
ADMP stock price has gone up by about $0.10 per share since this announcement was made. One month ago, ADMP stock was at $0.75 per share on average. Now as of June 23rd, ADMP stock price is at $1.13 per share. Whether this makes ADMP worth watching or not is up to you.
Penny_Stocks_to_Watch_Adamis_Pharmaceuticals_Corporation_ADMP_Stock

MICT Inc. (NASDAQ: MICT)

MICT Inc. is a tech penny stock that is performing very well at the moment. This company designs, develops, manufactures, and sells mobile computing devices. Additionally, it sells software for fleet operators and field workforces. MICT engages in the provision of online brokerage services for equities trading and insurance sales products as well. This is done through a proprietary trading technology platform. All of this allows it to act broadly as a major tech provider in the industry. On June 7th, the MICT board approved $60 million in capitalization for its wholly-owned subsidiary Magpie Securities. This capitalization is to fund its stock trading platform launch.
“With the upcoming launch of our mobile stock trading app, the $60M investment in Magpie will properly capitalize the business to support our ambitious growth plans and provide the ability to offer competitive margin and IPO funding to our underlying customers.” Darren Mercer, the CEO of MICT
So will you add MICT stock to your watchlist with its recent bullish momentum in mind?
Penny_Stocks_to_Watch_MICT_Inc._(MICT_Stock_Chart)

Are Reddit Penny Stocks Worth It In 2021?

Finding the best penny stocks to buy on Reddit can be challenging. With so many different small-caps being discussed every day, it can be difficult to keep track. However, if you’re dedicated to research and information, it can be much easier than previously imagined. [Read More] Hot Reddit Penny Stocks to Buy? 10 That You Should Know About Keep in mind that Reddit penny stocks tend to be some of the most volatile stocks out there. But, with a trading strategy on hand, volatility can be in use as an advantage. With all of this in mind, are Reddit penny stocks worth it in 2021? To read about the other five penny stocks on this list, head to Reddit Penny Stocks to Buy? 3 Small-Caps For Your Summer Watchlist The post Hot Penny Stocks to Buy on Reddit? 7 Need-To-Know Small-Caps appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.

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The most potent labor market indicator of all is still strongly positive

  – by New Deal democratOn Monday I examined some series from last Friday’s Household survey in the jobs report, highlighting that they more frequently…

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13 mins ago

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March 13, 2024

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 - by New Deal democrat


On Monday I examined some series from last Friday’s Household survey in the jobs report, highlighting that they more frequently than not indicated a recession was near or underway. But I concluded by noting that this survey has historically been noisy, and I thought it would be resolved away this time. Specifically, there was strong contrary data from the Establishment survey, backed up by yesterday’s inflation report, to the contrary. Today I’ll examine that, looking at two other series.


Historically, as economic expansions progress and the unemployment rate goes down, average hourly wages for nonsupervisory workers improve at an increasing rate (blue in the graph below). But eventually, inflation (red) picks up and overtakes that wage growth, and a recession occurs shortly thereafter. Not always, as we’ll see in the graph below, but usually:



As you can see, there have been a number of exceptions to the rule, chiefly where inflation outstripped wage growth, but no recession happened anyway. Typically this has occurred because of the entry of so many more people (like women in the 1980s and early 1990s) into the labor force.

And we certainly see that inflation outstripped wages in 2022, not coincidentally when there were several negative quarters of real GDP. But with the decline in gas prices, in 2023 inflation subsided much more sharply than wage growth, and the economy improved more substantially. That has remained the case in the first two months of 2024.

But an even more potent indicator is one I have come to rely on even more: real aggregate payrolls for nonsupervisory workers. Here’s its historical record up until the pandemic:



There’s not a single false positive, nor a single false negative. If YoY aggregate payroll growth is stronger than YoY inflation, you’re in an expansion. If it’s weaker, you’re in a recession. Period.

And here is its record since the pandemic:



Real aggregate nonsurpervisory payrolls are positive, and they got more positive in 2023 compared with 2022. Currently they are 2.6% higher YoY than inflation.

In addition to the YoY comparison, real aggregate nonsupervisory payrolls have always declined, at least slightly, from their expansion peaks before every single recession in the past 50 years except for when the pandemic suddenly shut down the economy:



Not every slight decline means a recession is coming. But if real aggregate payrolls are at a new high, you’re not in a recession, and one isn’t likely to occur in the next 6 months, either.

And in case it isn’t clear from that long term graph, here’s the short term graph of the same thing:



Real aggregate nonsupervisory payrolls made a new all-time high in February. Despite the negative metrics in the Household survey, this is *very* potent evidence that not only are we not in a recession, but one isn’t likely in the immediate future either.


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Spread & Containment

KIMM finds solution to medical waste problem, which has become a major national issue

A medical waste treatment system, which is capable of 99.9999 percent sterilization by using high-temperature and high-pressure steam, has been developed…

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44 mins ago

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March 13, 2024

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A medical waste treatment system, which is capable of 99.9999 percent sterilization by using high-temperature and high-pressure steam, has been developed for the first time in the country.

Credit: Korea Institute of Machinery and Materials (KIMM)

A medical waste treatment system, which is capable of 99.9999 percent sterilization by using high-temperature and high-pressure steam, has been developed for the first time in the country.

The Korea Institute of Machinery and Materials (President Seog-Hyeon Ryu, hereinafter referred to as KIMM), an institute under the jurisdiction of the Ministry of Science and ICT, has succeeded in developing an on-site-disposal type medical waste sterilization system that can help to resolve the problem caused by medical waste, which has become a national and social issue as the volume of medical waste continues to increase every year. This project was launched as a basic business support program of the KIMM and was expanded into a demonstration project of Daejeon Metropolitan City. Then, in collaboration with VITALS Co., Ltd., a technology transfer corporation, the medical waste treatment system was developed as a finished product capable of processing more than 100 kilograms of medical waste per hour, and was demonstrated at the Chungnam National University Hospital.

Moreover, the installation and use of this product have been approved by the Geumgang Basin Environmental Office of the Ministry of Environment. All certification-related work for the installation and operation of this product at the Chungnam National University Hospital has been completed, including the passage of an installation test for efficiency and stability conducted by the Korea Testing Laboratory.

Through collaboration with VITALS Co., Ltd., a corporation specializing in inhalation toxicity systems, the research team led by Principal Researcher Bangwoo Han of the Department of Urban Environment Research of the KIMM’s Eco-Friendly Energy Research Division developed a high-temperature, high-pressure steam sterilization-type medical waste treatment system by using a high-temperature antimicrobial technology capable of processing biologically hazardous substances such as virus and bacteria with high efficiency. After pulverizing medical waste into small pieces so that high-temperature steam can penetrate deep into the interior of the medical waste, steam was then compressed in order to raise the boiling point of the saturated steam to over 100 degrees Celsius, thereby further improving the sterilization effect of the steam.

Meanwhile, in the case of the high-pressure steam sterilization method, it is vitally important to allow the airtight, high-temperature and high-pressure steam to penetrate deep into the medical waste. Therefore, the research team aimed to improve the sterilization effect of medical waste by increasing the contact efficiency between the pulverized medical waste and the aerosolized steam.

By using this technology, the research team succeeded in processing medical waste at a temperature of 138 degrees Celsius for 10 minutes or at 145 degrees Celsius for more than five (5) minutes, which is the world’s highest level. By doing so, the research team achieved a sterilization performance of 99.9999 percent targeting biological indicator bacteria at five (5) different locations within the sterilization chamber. This technology received certification as an NET (New Excellent Technology) in 2023.

Until now, medical waste has been sterilized by heating the exposed moisture using microwaves. However, this method requires caution because workers are likely to be exposed to electromagnetic waves and the entrance of foreign substances such as metals may lead to accidents.

In Korea, medical waste is mostly processed at exclusive medical waste incinerators and must be discharged in strict isolation from general waste. Hence, professional efforts are required to prevent the risk of infection during the transportation and incineration of medical waste, which requires a loss of cost and manpower.

If medical waste is processed directly at hospitals and converted into general waste by applying the newly developed technology, this can help to eliminate the risk of infection during the loading and transportation processes and significantly reduce waste disposal costs. By processing 30 percent of medical waste generated annually, hospitals can save costs worth KRW 71.8 billion. Moreover, it can significantly contribute to the ESG (environmental, social, and governance) management of hospitals by reducing the amount of incinerated waste and shortening the transportation distance of medical waste.

[*Allbaro System (statistical data from 2021): Unit cost of treatment for each type of waste for the calculation of performance guarantee insurance money for abandoned wastes (Ministry of Environment Public Notification No. 2021-259, amended on December 3, 2021). Amount of medical waste generated on an annual basis: 217,915 tons; Medical waste: KRW 1,397 per ton; General waste from business sites subject to incineration: KRW 299 per ton]

As the size and structure of the installation space varies for each hospital, installing a standardized commercial equipment can be a challenge. However, during the demonstration process at the Chungnam National University Hospital, the new system was developed in a way that allows the size and arrangement thereof to be easily adjusted depending on the installation site. Therefore, it can be highly advantageous in terms of on-site applicability.

Principal Researcher Bangwoo Han of the KIMM was quoted as saying, “The high-temperature, high-pressure steam sterilization technology for medical waste involves the eradication of almost all infectious bacteria in a completely sealed environment. Therefore, close cooperation with participating companies that have the capacity to develop airtight chamber technology is very important in materializing this technology.” He added, “We will make all-out efforts to expand this technology to the sterilization treatment of infected animal carcasses in the future.”

 

President Seog-Hyeon Ryu of the KIMM was quoted as saying, “The latest research outcome is significantly meaningful in that it shows the important role played by government-contributed research institutes in resolving national challenges. The latest technology, which has been developed through the KIMM’s business support program, has been expanded to a demonstration project through cooperation among the industry, academia, research institutes, and the government of Daejeon Metropolitan City.” President Ryu added, “We will continue to proactively support these regional projects and strive to develop technologies that contribute to the health and safety of the public.”

 

Meanwhile, this research was conducted with the support of the project for the “development of ultra-high performance infectious waste treatment system capable of eliminating 99.9999 percent of viruses in response to the post-coronavirus era,” one of the basic business support programs of the KIMM, as well as the project for the “demonstration and development of a safety design convergence-type high-pressure steam sterilization system for on-site treatment of medical waste,” part of Daejeon Metropolitan City’s “Daejeon-type New Convergence Industry Creation Special Zone Technology Demonstration Project.”

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The Korea Institute of Machinery and Materials (KIMM) is a non-profit government-funded research institute under the Ministry of Science and ICT. Since its foundation in 1976, KIMM is contributing to economic growth of the nation by performing R&D on key technologies in machinery and materials, conducting reliability test evaluation, and commercializing the developed products and technologies.

 

This research was conducted with the support of the project for the “development of ultra-high performance infectious waste treatment system capable of eliminating 99.9999 percent of viruses in response to the post-coronavirus era,” one of the basic business support programs of the KIMM, as well as the project for the “demonstration and development of a safety design convergence-type high-pressure steam sterilization system for on-site treatment of medical waste,” part of Daejeon Metropolitan City’s “Daejeon-type New Convergence Industry Creation Special Zone Technology Demonstration Project.”

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Government

Buyouts can bring relief from medical debt, but they’re far from a cure

Local governments are increasingly buying – and forgiving – their residents’ medical debt.

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1 hour ago

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March 13, 2024

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Medical debt can have devastating consequences. PhotoAlto/Odilon Dimier via Getty Images

One in 10 Americans carry medical debt, while 2 in 5 are underinsured and at risk of not being able to pay their medical bills.

This burden crushes millions of families under mounting bills and contributes to the widening gap between rich and poor.

Some relief has come with a wave of debt buyouts by county and city governments, charities and even fast-food restaurants that pay pennies on the dollar to clear enormous balances. But as a health policy and economics researcher who studies out-of-pocket medical expenses, I think these buyouts are only a partial solution.

A quick fix that works

Over the past 10 years, the nonprofit RIP Medical Debt has emerged as the leader in making buyouts happen, using crowdfunding campaigns, celebrity engagement, and partnerships in the private and public sectors. It connects charitable buyers with hospitals and debt collection companies to arrange the sale and erasure of large bundles of debt.

The buyouts focus on low-income households and those with extreme debt burdens. You can’t sign up to have debt wiped away; you just get notified if you’re one of the lucky ones included in a bundle that’s bought off. In 2020, the U.S. Department of Health and Human Services reviewed this strategy and determined it didn’t violate anti-kickback statutes, which reassured hospitals and collectors that they wouldn’t get in legal trouble partnering with RIP Medical Debt.

Buying a bundle of debt saddling low-income families can be a bargain. Hospitals and collection agencies are typically willing to sell the debt for steep discounts, even pennies on the dollar. That’s a great return on investment for philanthropists looking to make a big social impact.

And it’s not just charities pitching in. Local governments across the country, from Cook County, Illinois, to New Orleans, have been directing sizable public funds toward this cause. New York City recently announced plans to buy off the medical debt for half a million residents, at a cost of US$18 million. That would be the largest public buyout on record, although Los Angeles County may trump New York if it carries out its proposal to spend $24 million to help 810,000 residents erase their debt.

HBO’s John Oliver has collaborated with RIP Medical Debt.

Nationally, RIP Medical Debt has helped clear more than $10 billion in debt over the past decade. That’s a huge number, but a small fraction of the estimated $220 billion in medical debt out there. Ultimately, prevention would be better than cure.

Preventing medical debt is trickier

Medical debt has been a persistent problem over the past decade even after the reforms of the 2010 Affordable Care Act increased insurance coverage and made a dent in debt, especially in states that expanded Medicaid. A recent national survey by the Commonwealth Fund found that 43% of Americans lacked adequate insurance in 2022, which puts them at risk of taking on medical debt.

Unfortunately, it’s incredibly difficult to close coverage gaps in the patchwork American insurance system, which ties eligibility to employment, income, age, family size and location – all things that can change over time. But even in the absence of a total overhaul, there are several policy proposals that could keep the medical debt problem from getting worse.

Medicaid expansion has been shown to reduce uninsurance, underinsurance and medical debt. Unfortunately, insurance gaps are likely to get worse in the coming year, as states unwind their pandemic-era Medicaid rules, leaving millions without coverage. Bolstering Medicaid access in the 10 states that haven’t yet expanded the program could go a long way.

Once patients have a medical bill in hand that they can’t afford, it can be tricky to navigate financial aid and payment options. Some states, like Maryland and California, are ahead of the curve with policies that make it easier for patients to access aid and that rein in the use of liens, lawsuits and other aggressive collections tactics. More states could follow suit.

Another major factor driving underinsurance is rising out-of-pocket costs – like high deductibles – for those with private insurance. This is especially a concern for low-wage workers who live paycheck to paycheck. More than half of large employers believe their employees have concerns about their ability to afford medical care.

Lowering deductibles and out-of-pocket maximums could protect patients from accumulating debt, since it would lower the total amount they could incur in a given time period. But if the current system otherwise stayed the same, then premiums would have to rise to offset the reduction in out-of-pocket payments. Higher premiums would transfer costs across everyone in the insurance pool and make enrolling in insurance unreachable for some – which doesn’t solve the underinsurance problem.

Reducing out-of-pocket liability without inflating premiums would only be possible if the overall cost of health care drops. Fortunately, there’s room to reduce waste. Americans spend more on health care than people in other wealthy countries do, and arguably get less for their money. More than a quarter of health spending is on administrative costs, and the high prices Americans pay don’t necessarily translate into high-value care. That’s why some states like Massachusetts and California are experimenting with cost growth limits.

Momentum toward policy change

The growing number of city and county governments buying off medical debt signals that local leaders view medical debt as a problem worth solving. Congress has passed substantial price transparency laws and prohibited surprise medical billing in recent years. The Consumer Financial Protection Bureau is exploring rule changes for medical debt collections and reporting, and national credit bureaus have voluntarily removed some medical debt from credit reports to limit its impact on people’s approval for loans, leases and jobs.

These recent actions show that leaders at all levels of government want to end medical debt. I think that’s a good sign. After all, recognizing a problem is the first step toward meaningful change.

Erin Duffy receives funding from Arnold Ventures.

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