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Hot Penny Stocks to Buy This Month? 3 to Watch Now

Which penny stocks are on your watchlist for next month?
The post Hot Penny Stocks to Buy This Month? 3 to Watch Now appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.

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3 Penny Stocks For Your Watchlist in September 

After a rather volatile week of trading penny stocks, investors are looking forward to a new month in the market. And while a new month is not a complete paradigm shift, it does present a clean slate to see some potential bullish action. Right now, investors have to consider everything that’s going on in the world in order to stay ahead of the curve. 

That includes Covid, inflation, geopolitical tensions, and the potential of reopening. With penny stocks, in particular, speculation tends to be extremely high. This means that any event no matter how big or small can have a major effect on how penny stocks trade. And in addition, the highly volatile nature of stocks under $5 only serves to add to this. 

[Read More] These 3 Penny Stocks Exploded on Friday, Here’s Why

The best way to avoid speculation and high volatility is with a trading strategy. This strategy should align with your investing goals, and the type of trader you are. With the list of penny stocks, there are two types that investors can break down. On one hand, we have penny stocks that could see potential in the long term. These are stocks that investors buy, hoping for gains in the several months to years-long time frame. 

On the other hand, we have more volatile penny stocks that investors tend to swing trade. This happens to be the strategy that the majority of traders utilize. But remember, investing is an individual act, and traders should always keep a firm understanding of their own goals. With that in mind, here are three hot penny stocks to watch right now. 

3 Hot Penny Stocks to Watch in September 2021 

  1. Vinco Ventures Inc. (NASDAQ: BBIG)
  2. Chembio Diagnostics Inc. (NASDAQ: CEMI) 
  3. Camber Energy Inc. (NYSE: CEI) 

Vinco Ventures Inc. (NASDAQ: BBIG)

Vinco Ventures Inc. is a penny stock that managed to climb by over 80% on Friday, August 27th. This is a staggering gain and one that reflects recent news that the company announced. For those unfamiliar, Vinco is a penny stock we have mentioned in the past due to its frequent momentum in the market. If you have not yet heard of Vinco, let’s get you up to speed. Vinco Ventures is a manufacturing and sales company that sells toys, electronics, and more to retailers and distributors.

Just 4 days ago, the company reported its second-quarter financial results for 2021. In this announcement, its revenue and gross profit decreased year over year. The company’s gross margin increased to 36.06% over 22.59% the previous year. This seems bad on the surface, but BBIG stock is performing extremely well amid the potential it may have in the long term.

[Read More] Hot Penny Stocks To Watch As Bitcoin & Ethereum Surge

On August 26th, BBIG stock closed down 5% in the market. On August 27th, BBIG’s stock price skyrocket to more than 80% in gains as mentioned above. Just 5 days ago the company’s stock price was at $2.45 per share. Now BBIG stock has reached over $5 per share making it technically no longer a penny stock. In addition, its volume skyrocketed to over 192 million compared to its market average of over 15 million. Keeping all of this in mind, will BBIG be on your list of penny stocks to watch?

Chembio Diagnostics Inc. (NASDAQ: CEMI)

Chembio Diagnostics Inc. is a biotech penny stock that just went up by around 11% in the market. This company caught a lot of attention recently due to its developments for COVID-19. Chembio creates diagnostic tests that are used to detect COVID, but it also makes tests for illnesses like HIV and syphilis. In 2021, biotech penny stocks have gained a lot of attention as a result of the pandemic. And, it doesn’t look like things are slowing down anytime soon. 

On August 27th, the company launched the commercial distribution of its third-party COVID-19 antigen assay. Its FDA Emergency Use Authorized rapid point of care COVID-19 antigen test will be available immediately for shipment to its customers in the United States. This is big news for the company and shows why there is so much bullish sentiment around CEMI stock right now. 

“We are now offering U.S. customers SCoV-2 Ag Detect, a test for COVID-19 antigens in both symptomatic and asymptomatic populations, as well as Status COVID-19/Flu A&B, a product that differentiates flu from COVID-19 using a single nasal swab sample. Our expanded commercial team can now offer testing solutions for CLIA waived settings and work and school settings.”

VP of Sales and Marketing for Chembio, Charles Caso

On the same day of this announcement, CEM stock increased substantially and showed uncharacteristically high volume. With this in mind, will CEMI stock be on your watchlist in 2021?

Penny_Stocks_to_Watch_Chembio_Diagnostics_Inc_CEMI_Stock_Chart

Camber Energy Inc. (NYSE: CEI)

Camber Energy Inc. is an oil and gas penny stock that is performing well right now. The company primarily engages in the acquisition, development, and sales of various energy-related products. These products include natural gas, crude oil, and natural gas liquids.

On August 24th, the company secured an exclusive IP license for a patented carbon-capture system from ESG Clean Energy LLC. The ESG clean energy system is designed to generate clean electricity from internal combustion engines. This provides the ability to utilize waste heat to capture 100% of the CO2 emitted from the engine with full efficiency.

“In my view this transaction positions us as an industry leader in terms of being able to assist with the power generation needs of commercial and industrial organizations while at the same time helping them reduce their carbon footprint to satisfy regulatory requirements or to simply follow best ESG-practices.”

CEO and President of Camber, James Doris

CEI stock is up more than 9% on August 27th, just a few days after the announcement. Its volume is also nearly 3 times higher than its average at the moment. So will you add CEI to your list of energy penny stocks to watch?

Penny_Stocks_to_Watch_Camber_Energy_Inc._(CEI_Stock_Chart)

Are These Penny Stocks Worth Buying?

In 2021, there are a lot of factors for penny stocks investors to consider. On one hand, we have the continued effects of the pandemic. This means that we may continue to see volatility in the near future. And on the other hand, we are seeing renewed bullish sentiment across the market.

[Read More] 4 Short Squeeze Penny Stocks To Watch After SPRT Stock’s 1,309% Run

With so much going on, it can seem difficult to stay up to date with everything at once. But, with a proper trading strategy and a commitment to understanding what’s going on in the market, making money with penny stocks can be completely doable. 

The post Hot Penny Stocks to Buy This Month? 3 to Watch Now appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.

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There Goes The Fed’s Inflation Target: Goldman Sees Terminal Rate 100bps Higher At 3.5%

There Goes The Fed’s Inflation Target: Goldman Sees Terminal Rate 100bps Higher At 3.5%

Two years ago, we first said that it’s only a matter…

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3 hours ago

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March 19, 2024

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There Goes The Fed's Inflation Target: Goldman Sees Terminal Rate 100bps Higher At 3.5%

Two years ago, we first said that it's only a matter of time before the Fed admits it is unable to rsolve the so-called "last mile" of inflation and that as a result, the old inflation target of 2% is no longer viable.

Then one year ago, we correctly said that while everyone was paying attention elsewhere, the inflation target had already been hiked to 2.8%... on the way to even more increases.

And while the Fed still pretends it can one day lower inflation to 2% even as it prepares to cut rates as soon as June, moments ago Goldman published a note from its economics team which had to balls to finally call a spade a spade, and concluded that - as party of the Fed's next big debate, i.e., rethinking the Neutral rate - both the neutral and terminal rate, a polite euphemism for the inflation target, are much higher than conventional wisdom believes, and that as a result Goldman is "penciling in a terminal rate of 3.25-3.5% this cycle, 100bp above the peak reached last cycle."

There is more in the full Goldman note, but below we excerpt the key fragments:

We argued last cycle that the long-run neutral rate was not as low as widely thought, perhaps closer to 3-3.5% in nominal terms than to 2-2.5%. We have also argued this cycle that the short-run neutral rate could be higher still because the fiscal deficit is much larger than usual—in fact, estimates of the elasticity of the neutral rate to the deficit suggest that the wider deficit might boost the short-term neutral rate by 1-1.5%. Fed economists have also offered another reason why the short-term neutral rate might be elevated, namely that broad financial conditions have not tightened commensurately with the rise in the funds rate, limiting transmission to the economy.

Over the coming year, Fed officials are likely to debate whether the neutral rate is still as low as they assumed last cycle and as the dot plot implies....

...Translation: raising the neutral rate estimate is also the first step to admitting that the traditional 2% inflation target is higher than previously expected. And once the Fed officially crosses that particular Rubicon, all bets are off.

... Their thinking is likely to be influenced by distant forward market rates, which have risen 1-2pp since the pre-pandemic years to about 4%; by model-based estimates of neutral, whose earlier real-time values have been revised up by roughly 0.5pp on average to about 3.5% nominal and whose latest values are little changed; and by their perception of how well the economy is performing at the current level of the funds rate.

The bank's conclusion:

We expect Fed officials to raise their estimates of neutral over time both by raising their long-run neutral rate dots somewhat and by concluding that short-run neutral is currently higher than long-run neutral. While we are fairly confident that Fed officials will not be comfortable leaving the funds rate above 5% indefinitely once inflation approaches 2% and that they will not go all the way back to 2.5% purely in the name of normalization, we are quite uncertain about where in between they will ultimately land.

Because the economy is not sensitive enough to small changes in the funds rate to make it glaringly obvious when neutral has been reached, the terminal or equilibrium rate where the FOMC decides to leave the funds rate is partly a matter of the true neutral rate and partly a matter of the perceived neutral rate. For now, we are penciling in a terminal rate of 3.25-3.5% this cycle, 100bps above the peak reached last cycle. This reflects both our view that neutral is higher than Fed officials think and our expectation that their thinking will evolve.

Not that this should come as a surprise: as a reminder, with the US now $35.5 trillion in debt and rising by $1 trillion every 100 days, we are fast approaching the Minsky Moment, which means the US has just a handful of options left: losing the reserve currency status, QEing the deficit and every new dollar in debt, or - the only viable alternative - inflating it all away. The only question we had before is when do "serious" economists make the same admission.

They now have.

And while we have discussed the staggering consequences of raising the inflation target by just 1% from 2% to 3% on everything from markets, to economic growth (instead of doubling every 35 years at 2% inflation target, prices would double every 23 years at 3%), and social cohesion, we will soon rerun the analysis again as the implications are profound. For now all you need to know is that with the US about to implicitly hit the overdrive of dollar devaluation, anything that is non-fiat will be much more preferable over fiat alternatives.

Much more in the full Goldman note available to pro subs in the usual place.

Tyler Durden Tue, 03/19/2024 - 15:45

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Household Net Interest Income Falls As Rates Spike

A Bloomberg article from this morning offered an excellent array of charts detailing the shifts in interest payment flows amid rising rates. The historical…

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4 hours ago

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March 19, 2024

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A Bloomberg article from this morning offered an excellent array of charts detailing the shifts in interest payment flows amid rising rates. The historical anomaly was both surprising and contradicted our priors.

10 Key Points:

  1. Historical Anomaly: This is the first time in the last fifty years that a Federal Reserve rate hike cycle has led to a significant drop in household net interest income.
  2. Interest Expense Increase: Since the Fed began raising rates in March 2022, Americans’ annual interest expenses on debts like mortgages and credit cards have surged by nearly $420 billion.
  3. Interest Income Lag: The increase in interest income during the same period was only about $280 billion, resulting in a net decline in household interest income, a departure from past trends.
  4. Consumer Debt Influence: The recent rate hikes impacted household finances more because of a higher proportion of consumer credit, which adjusts more quickly to rate changes, increasing interest costs.
  5. Banks and Savers: Banks have been slow to pass on higher interest rates to depositors, and the prolonged period of low rates before 2022 may have discouraged savers from actively seeking better returns.
  6. Shift in Wealth: There’s been a shift from interest-bearing assets to stocks, with dividends surpassing interest payments as a source of unearned income during the pandemic.
  7. Distributional Discrepancy: Higher interest rates benefit wealthier individuals who own interest-earning assets, whereas lower-income earners face the brunt of increased debt servicing costs, exacerbating economic inequality.
  8. Job Market Impact: Typically, Fed rate hikes affect households through the job market, as businesses cut costs, potentially leading to layoffs or wage suppression, though this hasn’t occurred yet in the current cycle.
  9. Economic Impact: The distribution of interest income and debt servicing means that rate increases transfer money from those more likely to spend (and thus stimulate the economy) to those less likely to increase consumption, potentially dampening economic activity.
  10. No Immediate Relief: Expectations for the Fed to reduce rates have diminished, indicating that high-interest expenses for households may persist.

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One more airline cracks down on lounge crowding in a way you won’t like

Qantas Airways is increasing the price of accessing its network of lounges by as much as 17%.

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4 hours ago

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March 19, 2024

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Over the last two years, multiple airlines have dealt with crowding in their lounges. While they are designed as a luxury experience for a small subset of travelers, high numbers of people taking a trip post-pandemic as well as the different ways they are able to gain access through status or certain credit cards made it difficult for some airlines to keep up with keeping foods stocked, common areas clean and having enough staff to serve bar drinks at the rate that customers expect them.

In the fall of 2023, Delta Air Lines  (DAL)  caught serious traveler outcry after announcing that it was cracking down on crowding by raising how much one needs to spend for lounge access and limiting the number of times one can enter those lounges.

Related: Competitors pushed Delta to backtrack on its lounge and loyalty program changes

Some airlines saw the outcry with Delta as their chance to reassure customers that they would not raise their fees while others waited for the storm to pass to quietly implement their own increases.

A photograph captures a Qantas Airways lounge in Sydney, Australia.

Shutterstock

This is how much more you'll have to pay for Qantas lounge access

Australia's flagship carrier Qantas Airways  (QUBSF)  is the latest airline to announce that it would raise the cost accessing the 24 lounges across the country as well as the 600 international lounges available at airports across the world through partner airlines.

More Travel:

Unlike other airlines which grant access primarily after reaching frequent flyer status, Qantas also sells it through a membership — starting from April 18, 2024, prices will rise from $600 Australian dollars ($392 USD)  to $699 AUD ($456 USD) for one year, $1,100 ($718 USD) to $1,299 ($848 USD) for two years and $2,000 AUD ($1,304) to lock in the rate for four years.

Those signing up for lounge access for the first time also currently pay a joining fee of $99 AUD ($65 USD) that will rise to $129 AUD ($85 USD).

The airline also allows customers to purchase their membership with Qantas Points they collect through frequent travel; the membership fees are also being raised by the equivalent amount in points in what adds up to as much as 17% — from 308,000 to 399,900 to lock in access for four years.

Airline says hikes will 'cover cost increases passed on from suppliers'

"This is the first time the Qantas Club membership fees have increased in seven years and will help cover cost increases passed on from a range of suppliers over that time," a Qantas spokesperson confirmed to Simple Flying. "This follows a reduction in the membership fees for several years during the pandemic."

The spokesperson said the gains from the increases will go both towards making up for inflation-related costs and keeping existing lounges looking modern by updating features like furniture and décor.

While the price increases also do not apply for those who earned lounge access through frequent flyer status or change what it takes to earn that status, Qantas is also introducing even steeper increases for those renewing a membership or adding additional features such as spouse and partner memberships.

In some cases, the cost of these features will nearly double from what members are paying now.

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