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Penny Stocks to Buy This Week? 4 You Need to Know About

What you need to know about these 4 penny stocks this week?
The post Penny Stocks to Buy This Week? 4 You Need to Know About appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.

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4 Hot Penny Stocks to Watch Right Now 

Right now, penny stocks and blue chips are on fire. Following a less than stellar past few months, many stocks have been able to climb back toward recent highs. And today, penny stocks investors got another solid sign of recovery as Bitcoin surged above $46,000. While it may not seem like Bitcoin and cryptocurrency have anything to do with the stock market, it can often be a great indicator for overall bullish sentiment. 

[Read More] Blockchain Penny Stocks Rise As Bitcoin and DogeCoin Spike

In addition, the rise and fall of different cryptocurrencies can greatly affect certain correlated penny stocks. In addition to this, many reopening penny stocks climbed today on rising Delta-variant related case numbers. While the pandemic does look to be worsening right now, many investors have taken the opportunity to find the best penny stocks that may benefit from long-term reopening. This includes hospitality stocks, entertainment stocks, energy stocks, and more. 

The best way to find penny stocks to buy in this area of the market is to think outside of the box. By utilizing research, investors can find stocks that may be able to benefit due to certain factors. Considering that there is so much going on in the stock market right now, investors need to understand how to take advantage. With all of this in mind, let’s look at four penny stocks to watch this week. 

4 Hot Penny Stocks to Watch Right Now 

  1. NanoVibronix Inc. (NASDAQ: NAOV
  2. Camber Energy Inc. (NYSE: CEI
  3. Electrameccanica Vehicles Corp. (NASDAQ: SOLO
  4. Celsion Corp. (NASDAQ: CLSN

NanoVibronix Inc. (NASDAQ: NAOV) 

Up by around 7% at midday are shares of NAOV stock. It’s worth noting that we’ve covered NAOV stock quite a few times in the past month or so. However, if you’re unfamiliar, let’s go over what the company does. NanoVibronix is a biotech company developing a wide range of medical devices. 

[Read More] 4 Penny Stocks On Robinhood To Watch This Week

These devices are aimed at the disruption of biofilms, bacterial infections, pain, and more. It utilizes its patented low-intensity surface acoustic wave technology which can be used by patients at home with no medical assistance. Last week, the company announced that it applied for a Centers for Medicare and Medicaid (CMS) reimbursement code for its UroShield and PainShield Plus devices. This is big news for the company and could lead to better adoption of its products in the market. 

We took the first opportunity in 2021 to apply for a CMS reimbursement code for UroShield and PainShield Plus as a next step towards seeking to materially increase the number of providers who may prescribe our proven effective devices as therapies for patients, particularly the many millions of Medicare beneficiaries.” 

Brian Murphy, CEO of NanoVibronix

So, while it may take some time for investors to see the full effect of this deal, there’s no doubting that it has a heavy impact on NAOV stock right now. Considering this, will it be on your penny stocks watchlist?

Camber Energy Inc. (NYSE: CEI) 

Up by around 4.8% at midday are shares of the energy penny stock, Camber Energy. Today’s gain for CEI stock comes on the back of an exciting announcement made during pre-market trading. But before we get into it, let’s talk about what CEI does. Camber Energy is an energy company with ownership interests in oil and natural gas assets across both the Gold Coast and mid-Continent regions. With its subsidiary, Viking Energy Group Inc., CEI is able to participate in many different areas of the energy sector. 

Today, Camber announced that it had acquired a 60.5% stake through its subsidiary in the company Simson-Maxwell Ltd. Simson is a producer of industrial engines and power generation products as well. With over 80 years of history in the industry, Camber sees this as a smart play for its future. 

“We are very excited to be working with Remora and the entire Simson-Maxwell team, and look forward to further strengthening an already-established platform and recognizable brand to position the company for additional expansion throughout North America through the remainder of this year and beyond.” 

CEO of Camber, James Doris

While acquisitions do occur often in the energy sector, they are always important for investors to consider. With this deal, the hopes are that the two companies can begin to improve respectively. With all of this in mind, will CEI stock be on your watchlist this week?

Penny_Stocks_to_Watch_Camber Energy Inc. (CEI Stock Chart)

Electrameccanica Vehicles Corp. (NASDAQ: SOLO) 

Another decent gainer of the day and a penny stock that we’ve discussed frequently in the past few months is SOLO stock. Electrameccanica is a producer of environmentally friendly cars or EVs, geared at the commuter market. While many big-name EV brands are trying to replace traditional cars, SOLO is working to carve out its own niche. In addition to commuting, SOLOs cars are used for delivery, shared mobility, and more. 

[Read More] Blockchain Penny Stocks Rise As Bitcoin and DogeCoin Spike

At the end of last week, ElectraMeccannica announced a tour with the former Governor of Michigan and U.S. Secretary of Energy, Jennifer Granholm. This came alongside Biden’s announcement of the over $1 trillion spending package, which includes sizable funding for EVs. CEO of Electrameccanica,

“To have the Energy Secretary and former governor of Michigan experience and learn about our flagship SOLO EV in person is a distinct privilege. We believe the SOLO is the perfect choice for consumers, commercial customers, fleet applications, and SOLO share as well. We’re grateful that our vehicle engineering partner FEV was able to organize this special event to showcase our vehicles and others yesterday in Michigan.”

Paul Rivera, CEO of Electrameccanica

 As stated before, the idea that it has one unique market rather than trying to compete with the EV giants is something that could be a benefit to investors. Considering this, is SOLO stock worth adding to your watchlist?

Penny_Stocks_to_Watch_Camber Energy Inc. (CEI Stock Chart)

Celsion Corp. (NASDAQ: CLSN) 

YTD, shares of CLSN stock are up by a solid 40% or so. And while this may not seem like anything to write home about, it is important to consider. Ahead of its fourth-quarter financial results which will be reported on August 12th, let’s take a closer look at the company. Celsion is a company that engages in the biotech field, offering DNA based immunotherapies including  

Its PLACCINE trial is going on right now, and is a non-viral vaccine delivery technology. In addition to this, the company states that it is actually working on discovering new molecules with its dedicated team of scientists. Only a few weeks ago, the company announced positive results from its OVATION 1 study of GEN-1 for advanced ovarian cancer. 

“We are delighted that our OVATION 1 study has been published in the Journal of Clinical Cancer Research. As patients with advanced ovation cancer have a poor prognosis these data are particularly encouraging. We believe that this publication will create additional awareness of the work we are doing to treat these patients and provide them with new hope.” 

Nicholas Boris, M.D., CMO of Celsion Corp.

If we consider that Celsion has quite a lot in its pipeline right now, we see a clear reason why it could be worth watching. So, whether or not it deserves a spot on your watchlist is up to you. 

Penny_Stocks_to_Watch_Celsion Corp. (CLSN Stock chart

Which Penny Stocks Are on Your Watchlist Right Now?

Finding the best penny stocks to buy in 2021 is all about understanding where the market is headed. With so many different factors occurring simultaneously, it appears as though there is movement to take advantage of.

[Read More] Best Penny Stocks To Buy Now? 3 Reopening Stocks to Watch in August

However, investors should have a thorough understanding of their own trading strategy and how to use it as an advantage. Considering this, which penny stocks are on your watchlist right now?

The post Penny Stocks to Buy This Week? 4 You Need to Know About appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.

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International

Beloved mall retailer files Chapter 7 bankruptcy, will liquidate

The struggling chain has given up the fight and will close hundreds of stores around the world.

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It has been a brutal period for several popular retailers. The fallout from the covid pandemic and a challenging economic environment have pushed numerous chains into bankruptcy with Tuesday Morning, Christmas Tree Shops, and Bed Bath & Beyond all moving from Chapter 11 to Chapter 7 bankruptcy liquidation.

In all three of those cases, the companies faced clear financial pressures that led to inventory problems and vendors demanding faster, or even upfront payment. That creates a sort of inevitability.

Related: Beloved retailer finds life after bankruptcy, new famous owner

When a retailer faces financial pressure it sets off a cycle where vendors become wary of selling them items. That leads to barren shelves and no ability for the chain to sell its way out of its financial problems. 

Once that happens bankruptcy generally becomes the only option. Sometimes that means a Chapter 11 filing which gives the company a chance to negotiate with its creditors. In some cases, deals can be worked out where vendors extend longer terms or even forgive some debts, and banks offer an extension of loan terms.

In other cases, new funding can be secured which assuages vendor concerns or the company might be taken over by its vendors. Sometimes, as was the case with David's Bridal, a new owner steps in, adds new money, and makes deals with creditors in order to give the company a new lease on life.

It's rare that a retailer moves directly into Chapter 7 bankruptcy and decides to liquidate without trying to find a new source of funding.

Mall traffic has varied depending upon the type of mall.

Image source: Getty Images

The Body Shop has bad news for customers  

The Body Shop has been in a very public fight for survival. Fears began when the company closed half of its locations in the United Kingdom. That was followed by a bankruptcy-style filing in Canada and an abrupt closure of its U.S. stores on March 4.

"The Canadian subsidiary of the global beauty and cosmetics brand announced it has started restructuring proceedings by filing a Notice of Intention (NOI) to Make a Proposal pursuant to the Bankruptcy and Insolvency Act (Canada). In the same release, the company said that, as of March 1, 2024, The Body Shop US Limited has ceased operations," Chain Store Age reported.

A message on the company's U.S. website shared a simple message that does not appear to be the entire story.

"We're currently undergoing planned maintenance, but don't worry we're due to be back online soon."

That same message is still on the company's website, but a new filing makes it clear that the site is not down for maintenance, it's down for good.

The Body Shop files for Chapter 7 bankruptcy

While the future appeared bleak for The Body Shop, fans of the brand held out hope that a savior would step in. That's not going to be the case. 

The Body Shop filed for Chapter 7 bankruptcy in the United States.

"The US arm of the ethical cosmetics group has ceased trading at its 50 outlets. On Saturday (March 9), it filed for Chapter 7 insolvency, under which assets are sold off to clear debts, putting about 400 jobs at risk including those in a distribution center that still holds millions of dollars worth of stock," The Guardian reported.

After its closure in the United States, the survival of the brand remains very much in doubt. About half of the chain's stores in the United Kingdom remain open along with its Australian stores. 

The future of those stores remains very much in doubt and the chain has shared that it needs new funding in order for them to continue operating.

The Body Shop did not respond to a request for comment from TheStreet.   

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Government

Veterans Affairs Kept COVID-19 Vaccine Mandate In Place Without Evidence

Veterans Affairs Kept COVID-19 Vaccine Mandate In Place Without Evidence

Authored by Zachary Stieber via The Epoch Times (emphasis ours),

The…

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Veterans Affairs Kept COVID-19 Vaccine Mandate In Place Without Evidence

Authored by Zachary Stieber via The Epoch Times (emphasis ours),

The U.S. Department of Veterans Affairs (VA) reviewed no data when deciding in 2023 to keep its COVID-19 vaccine mandate in place.

Doses of a COVID-19 vaccine in Washington in a file image. (Jacquelyn Martin/Pool/AFP via Getty Images)

VA Secretary Denis McDonough said on May 1, 2023, that the end of many other federal mandates “will not impact current policies at the Department of Veterans Affairs.”

He said the mandate was remaining for VA health care personnel “to ensure the safety of veterans and our colleagues.”

Mr. McDonough did not cite any studies or other data. A VA spokesperson declined to provide any data that was reviewed when deciding not to rescind the mandate. The Epoch Times submitted a Freedom of Information Act for “all documents outlining which data was relied upon when establishing the mandate when deciding to keep the mandate in place.”

The agency searched for such data and did not find any.

The VA does not even attempt to justify its policies with science, because it can’t,” Leslie Manookian, president and founder of the Health Freedom Defense Fund, told The Epoch Times.

“The VA just trusts that the process and cost of challenging its unfounded policies is so onerous, most people are dissuaded from even trying,” she added.

The VA’s mandate remains in place to this day.

The VA’s website claims that vaccines “help protect you from getting severe illness” and “offer good protection against most COVID-19 variants,” pointing in part to observational data from the U.S. Centers for Disease Control and Prevention (CDC) that estimate the vaccines provide poor protection against symptomatic infection and transient shielding against hospitalization.

There have also been increasing concerns among outside scientists about confirmed side effects like heart inflammation—the VA hid a safety signal it detected for the inflammation—and possible side effects such as tinnitus, which shift the benefit-risk calculus.

President Joe Biden imposed a slate of COVID-19 vaccine mandates in 2021. The VA was the first federal agency to implement a mandate.

President Biden rescinded the mandates in May 2023, citing a drop in COVID-19 cases and hospitalizations. His administration maintains the choice to require vaccines was the right one and saved lives.

“Our administration’s vaccination requirements helped ensure the safety of workers in critical workforces including those in the healthcare and education sectors, protecting themselves and the populations they serve, and strengthening their ability to provide services without disruptions to operations,” the White House said.

Some experts said requiring vaccination meant many younger people were forced to get a vaccine despite the risks potentially outweighing the benefits, leaving fewer doses for older adults.

By mandating the vaccines to younger people and those with natural immunity from having had COVID, older people in the U.S. and other countries did not have access to them, and many people might have died because of that,” Martin Kulldorff, a professor of medicine on leave from Harvard Medical School, told The Epoch Times previously.

The VA was one of just a handful of agencies to keep its mandate in place following the removal of many federal mandates.

“At this time, the vaccine requirement will remain in effect for VA health care personnel, including VA psychologists, pharmacists, social workers, nursing assistants, physical therapists, respiratory therapists, peer specialists, medical support assistants, engineers, housekeepers, and other clinical, administrative, and infrastructure support employees,” Mr. McDonough wrote to VA employees at the time.

This also includes VA volunteers and contractors. Effectively, this means that any Veterans Health Administration (VHA) employee, volunteer, or contractor who works in VHA facilities, visits VHA facilities, or provides direct care to those we serve will still be subject to the vaccine requirement at this time,” he said. “We continue to monitor and discuss this requirement, and we will provide more information about the vaccination requirements for VA health care employees soon. As always, we will process requests for vaccination exceptions in accordance with applicable laws, regulations, and policies.”

The version of the shots cleared in the fall of 2022, and available through the fall of 2023, did not have any clinical trial data supporting them.

A new version was approved in the fall of 2023 because there were indications that the shots not only offered temporary protection but also that the level of protection was lower than what was observed during earlier stages of the pandemic.

Ms. Manookian, whose group has challenged several of the federal mandates, said that the mandate “illustrates the dangers of the administrative state and how these federal agencies have become a law unto themselves.”

Tyler Durden Sat, 03/09/2024 - 22:10

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Government

Are Voters Recoiling Against Disorder?

Are Voters Recoiling Against Disorder?

Authored by Michael Barone via The Epoch Times (emphasis ours),

The headlines coming out of the Super…

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Are Voters Recoiling Against Disorder?

Authored by Michael Barone via The Epoch Times (emphasis ours),

The headlines coming out of the Super Tuesday primaries have got it right. Barring cataclysmic changes, Donald Trump and Joe Biden will be the Republican and Democratic nominees for president in 2024.

(Left) President Joe Biden delivers remarks on canceling student debt at Culver City Julian Dixon Library in Culver City, Calif., on Feb. 21, 2024. (Right) Republican presidential candidate and former U.S. President Donald Trump stands on stage during a campaign event at Big League Dreams Las Vegas in Las Vegas, Nev., on Jan. 27, 2024. (Mario Tama/Getty Images; David Becker/Getty Images)

With Nikki Haley’s withdrawal, there will be no more significantly contested primaries or caucuses—the earliest both parties’ races have been over since something like the current primary-dominated system was put in place in 1972.

The primary results have spotlighted some of both nominees’ weaknesses.

Donald Trump lost high-income, high-educated constituencies, including the entire metro area—aka the Swamp. Many but by no means all Haley votes there were cast by Biden Democrats. Mr. Trump can’t afford to lose too many of the others in target states like Pennsylvania and Michigan.

Majorities and large minorities of voters in overwhelmingly Latino counties in Texas’s Rio Grande Valley and some in Houston voted against Joe Biden, and even more against Senate nominee Rep. Colin Allred (D-Texas).

Returns from Hispanic precincts in New Hampshire and Massachusetts show the same thing. Mr. Biden can’t afford to lose too many Latino votes in target states like Arizona and Georgia.

When Mr. Trump rode down that escalator in 2015, commentators assumed he’d repel Latinos. Instead, Latino voters nationally, and especially the closest eyewitnesses of Biden’s open-border policy, have been trending heavily Republican.

High-income liberal Democrats may sport lawn signs proclaiming, “In this house, we believe ... no human is illegal.” The logical consequence of that belief is an open border. But modest-income folks in border counties know that flows of illegal immigrants result in disorder, disease, and crime.

There is plenty of impatience with increased disorder in election returns below the presidential level. Consider Los Angeles County, America’s largest county, with nearly 10 million people, more people than 40 of the 50 states. It voted 71 percent for Mr. Biden in 2020.

Current returns show county District Attorney George Gascon winning only 21 percent of the vote in the nonpartisan primary. He’ll apparently face Republican Nathan Hochman, a critic of his liberal policies, in November.

Gascon, elected after the May 2020 death of counterfeit-passing suspect George Floyd in Minneapolis, is one of many county prosecutors supported by billionaire George Soros. His policies include not charging juveniles as adults, not seeking higher penalties for gang membership or use of firearms, and bringing fewer misdemeanor cases.

The predictable result has been increased car thefts, burglaries, and personal robberies. Some 120 assistant district attorneys have left the office, and there’s a backlog of 10,000 unprosecuted cases.

More than a dozen other Soros-backed and similarly liberal prosecutors have faced strong opposition or have left office.

St. Louis prosecutor Kim Gardner resigned last May amid lawsuits seeking her removal, Milwaukee’s John Chisholm retired in January, and Baltimore’s Marilyn Mosby was defeated in July 2022 and convicted of perjury in September 2023. Last November, Loudoun County, Virginia, voters (62 percent Biden) ousted liberal Buta Biberaj, who declined to prosecute a transgender student for assault, and in June 2022 voters in San Francisco (85 percent Biden) recalled famed radical Chesa Boudin.

Similarly, this Tuesday, voters in San Francisco passed ballot measures strengthening police powers and requiring treatment of drug-addicted welfare recipients.

In retrospect, it appears the Floyd video, appearing after three months of COVID-19 confinement, sparked a frenzied, even crazed reaction, especially among the highly educated and articulate. One fatal incident was seen as proof that America’s “systemic racism” was worse than ever and that police forces should be defunded and perhaps abolished.

2020 was “the year America went crazy,” I wrote in January 2021, a year in which police funding was actually cut by Democrats in New York, Los Angeles, San Francisco, Seattle, and Denver. A year in which young New York Times (NYT) staffers claimed they were endangered by the publication of Sen. Tom Cotton’s (R-Ark.) opinion article advocating calling in military forces if necessary to stop rioting, as had been done in Detroit in 1967 and Los Angeles in 1992. A craven NYT publisher even fired the editorial page editor for running the article.

Evidence of visible and tangible discontent with increasing violence and its consequences—barren and locked shelves in Manhattan chain drugstores, skyrocketing carjackings in Washington, D.C.—is as unmistakable in polls and election results as it is in daily life in large metropolitan areas. Maybe 2024 will turn out to be the year even liberal America stopped acting crazy.

Chaos and disorder work against incumbents, as they did in 1968 when Democrats saw their party’s popular vote fall from 61 percent to 43 percent.

Views expressed in this article are opinions of the author and do not necessarily reflect the views of The Epoch Times or ZeroHedge.

Tyler Durden Sat, 03/09/2024 - 23:20

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