Hot Tech Penny Stocks to Watch Next Week? Check These 3 Out
Tech penny stocks are moving upward; here are 3 for your watchlist
The post Hot Tech Penny Stocks to Watch Next Week? Check These 3 Out appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.
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3 Tech Penny Stocks for Your Small-Caps Watchlist
One of the hottest trends for penny stocks in 2021 is tech. This sector has outperformed most others and is showing no signs of slowing down. Tech-related penny stocks can be found in many portfolios simply because they can have higher chances for increased profits. There are however reasons why investors have taken a liking to tech penny stocks.
Firstly, unlike most sectors, tech managed to grow substantially during the pandemic. The tech industry was less affected by quarantine regulations because many of these businesses could run and offer their services online. Quarantine also increased the demand for online products for such as work-from-home and educate-from-home needs.
The next reason why tech penny stocks increased this year is due to speculation. When it comes to trading penny stocks, speculation is considered a key driver in the share price of most stocks, and especially tech. Recently, analysts have shown increased optimism on the future of many tech companies. This includes those such as Alphabet Inc (NASDAQ: GOOGL), Tesla Inc (NASDAQ: TSLA), and Amazon.com Inc (NASDAQ: AMZN).
Investing in Tech Penny Stocks in 2021
It’s important to keep in mind that tech penny stocks are not all winners. There can be a great deal of risk associated, just like with any other penny stocks. Many investors do not always come out on top, but for those willing to put in the time and effort it can be a very lucrative financial strategy. Never get discouraged when trading, it takes a great deal of experience, and learning from failing is par for the course.
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Another factor to consider with penny stocks is high volatility. The intraday movements we see with stocks under $5 are unlike any other market (except for crypto). This is why it is so important to create a watchlist and to have a plan before investing. By following stock price movement, investors can look for patterns and trends in a company or an industry. This leads to a better idea of how to enter or exit a trade.
Given all this information, where do you see tech penny stocks going in the next few months? With this question in mind, here are three tech penny stocks to add to your June watchlist.
3 Tech Penny Stocks To Keep an Eye On
- Luokung Technology Corp. (NASDAQ: LKCO)
- Ideanomics Inc. (NASDAQ: IDEX)
- LightPath Technologies, Inc. (NASDAQ: LPTH)
Luokung Technology Corp. (NASDAQ: LKCO)
Luokung Technology is known as an industry leader in the technology sector in China. As a company, LKCO specializes in interactive location-based services and big data processing. This is a burgeoning industry, gaining substantial traction over the past few years. Location-based technology holds the potential for many groundbreaking applications in the long term. For some context, LKCO provides DaaS, PaaS, and SaaS services for the IoT.
Luokung also offers an array of patented technology for integration into smart cities, smart transportation, and smart industry. These geographically based systems are meant to serve both city-level and industry-level data models. Since June of last year, LKCO has seen an over 90% increase in share price. To put that into perspective, that is nine times the S&P 500 average return.
One of the main focuses of the tech sector is on advancing industries and building out new ones. LKCO is doing so by providing services to major industries. Not every day do we see a penny stock with government-wide contracts to boot. Given this, do you think LKCO is worth adding to your watchlist?
Ideanomics Inc. (NASDAQ: IDEX)
Next on the list of tech stocks to watch is Ideanomics. Founded in 2004, IDEX specializes in the electric vehicle (EV) industry, as well as Fintech. EV’s remain a popular trend that is only increasing in value with the current administration in the U.S. As another tech penny stock, IDEX’s goal is to also provide large-scale upgrades to commercial companies.
It plans to do so by assisting in the adoption of EV usage in large-scale projects. This includes products such as charging infrastructure, EV procurement, and leasing solutions, and more. Utilizing electric vehicles is not only a low-cost option for companies, but it also will help to cement them for a non-fossil fuel-based future.
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On June 3rd, IDEX announced that its subsidiary, WAVE, has finished yet another transit authority deployment. This illustrates wider growth with its fleet and larger adoption of its services. The deal will provide zero-emission transportation to Twin Transit Authority (TTA) in Chehalis, Washington. Many mass-transit systems are working to integrate electric infrastructure as a base for transport. This is in keeping with the future as well as a goal of cost and energy efficiency.
“Our organization sees this technology as a critical component of the future of electric bus operations, and we were determined to join forces with a company that was both easy to work with and had successful models of implementation.
WAVE’s inductive charging was by far the most efficient and effective solution, and the easiest for our drivers to operate. Perhaps most importantly, WAVE was willing to be a strategic, long-term partner.”
Joe Clark, Executive Director of Twin Transit
Considering its role as both a tech and EV penny stock, IDEX remains incredibly popular among all types of investors. With that in mind, will it be on your watchlist?
LightPath Technologies, Inc. (NASDAQ: LPTH)
The last tech penny stock in today’s list is LightPath Technologies. This company is a leader in vertically integrated global manufacturing and additionally specializes in optical and infrared components for high-level assembly.
Recently, NASA’s Jet propulsion Laboratory (JPL) plans to integrate certain optical elements produced by ISP Optics, a subsidiary of LPTH, into its Mars Curiosity Rover. This is a large accomplishment, as NASA is widely regarded as one of the most advanced scientific agencies worldwide.
On the Mars Curiosity Rover, JPL plans to integrate ISP Optics’ Zinc Sulfide Mid-wave Infrared (MWIR) lens and beam-splitter to the Tunable Laser Spectrometer (TLS) instrument. This will help during the Mars expedition during its exploration.
“LightPath’s global employee base works hard every day to deliver cutting-edge, industry-leading, precision optics that enable our customers to make the most of Photonics technologies and deliver on our long term strategy of improving life experiences by harnessing light.”
CEO of LightPath, Sam Rubin
While this is no doubt a groundbreaking project for LightPath, it also has major implications for the future of the company. With this accomplishment under its belt, there’s no telling what LPTH could do next. Given all this, do you think LPTH would be a good addition to your tech penny stock watchlist this June?
Which Penny Stocks Are on Your Tech Watchlist?
Finding the best tech penny stocks to watch is all about thinking outside of the box. In 2021, there are plenty of factors at play that are shifting the trajectory of the market. This includes everything from Covid to fears of inflation and the lasting effects of the pandemic.
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All of these are important as they pertain to both volume and increases and decreases in share prices. With this in mind, which penny stocks are on your tech watchlist?
The post Hot Tech Penny Stocks to Watch Next Week? Check These 3 Out appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.
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Spread & Containment
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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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.
At some point Fed will concede it has no control over supply. That's when we will start getting leaks of raising the inflation target
— zerohedge (@zerohedge) June 21, 2022
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.
The new inflation target has been set to 2.8%. The rest is just narrative fill for the next 2 years. https://t.co/X1xYkecyPy
— zerohedge (@zerohedge) February 21, 2023
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.
Meanwhile, nothing changes: total US debt jumps $57BN on March 15, to a record $34.543 trillion.
— zerohedge (@zerohedge) March 19, 2024
Three ways this ends: inflate it away, QE it all, or reserve status collapse
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.
Spread & Containment
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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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:
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- No Immediate Relief: Expectations for the Fed to reduce rates have diminished, indicating that high-interest expenses for households may persist.
Uncategorized
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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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.
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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.
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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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