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Penny Stocks To Buy Today? 3 To Watch With Price Targets Up To 1,152%

Penny stocks to buy according to analysts
The post Penny Stocks To Buy Today? 3 To Watch With Price Targets Up To 1,152% appeared first on Penny Stocks…

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Penny stocks are shares of companies trading for less than $5. They are some of the most volatile assets in the stock market today, but they are also some of the most rewarding if you know what you’re doing. Trading penny stocks is a skill that many retail traders have sought out.

Big moves in the stock market in companies like AMC Entertainment and GameStop have attracted millions of new traders to Wall Street. There have even been numerous documentaries made about the trading conditions of the 2020 pandemic.

Now that 2022 is in full swing, these same “stonks only go up” traders are realizing that there’s more than just a static bull market. In fact, this year, broad indexes have dropped by some of their most significant percentages in the shortest period of time since the 1920s.

Don’t let this scare you because there is plenty of opportunities ahead if you know what to look for. Whether you’re a day trader looking for a quick pop or someone who’s looking to invest in penny stocks, there are plenty of choices. Today we look at a handful of names that analysts have become bullish on and have given price targets up to 1,152%

Penny Stocks To Buy According To HC Wainwright: Mind Medicine (MindMed) Inc. (NASDAQ: MNMD)

This year, the psychedelic revolution may have been put on pause thanks to risk-off trading. However, that hasn’t meant interest is completely gone. Companies like MindMed have mounted a steady comeback over the last few sessions. Though it’s still far off its 2022 highs of $1.51, the latest uptick has seen MNMD stock recover roughly 14% from its May lows.

Recent MNMD Stock News

Besides new management appointments, the most significant focus seems to have been on the company’s latest topline data. This was from MindMed’s Phase 1 trial of its MM-110 for treating opioid withdrawal. Data showed favorable safety and tolerability results and will guide the Phase 2a dose design. If MNMD stock is on your list of penny stocks right now, this Phase 2a trial is still expected to begin this quarter. Since June is the final month of Q2, the clock is ticking.

[Read More] What to Know About Buying Penny Stocks on May 27th

MNMD Stock Forecast

What do analysts think about MindMed? Based on HC Wainwright’s MNMD stock forecast, expectations are very high. The firm has a Buy rating and a $10 price target. Based on MindMed’s closing price of $0.7986 on May 27th, that’s 1,152% higher than current market levels.

Penny Stocks To Buy According To JMP Securities: Nerdy Inc. (NYSE: NRDY)

best penny stocks to buy Nerdy Inc NRDY stock

Like MindMed (and many other stocks), Nerdy Inc.’s share price slipped this year. The online learning technology company dropped most recently thanks to mixed reactions in the market following its latest earnings results. The interesting part of it was that Nerdy announced record first-quarter 2022 figures. Revenue came in at $46.9 million, beating analyst estimates of $46.7 million. However, the company’s outlook on Q2 revenue was lower than what was reported in Q1 ($37 million – $40 million).

Recent NRDY Stock News

Despite the earning folly, NRDY stock has managed to rebound. This came shortly after the company’s Varsity Tutors business reported a new collaboration with the Smithsonian Institution. Brian Galvin, Chief Academic Officer at Nerdy, explained, “Over the past two years, our StarCourse series has attracted everyday learners from around the world and continues to be among our most popular content. The class headlined by the Smithsonian is expected to draw huge audiences hungry to learn more about Paleontology. We look forward to feeding their curiosity.”

NRDY Stock Forecast

If JMP Securities analysts are to be trusted, NRDY stock could have a bullish outlook ahead. That’s because the firm currently has a Market Outperform rating on Nerdy and a price target 192% higher than the May 26 closing price ($7 target).

Penny Stocks To Buy According To JPMorgan: iQIYI Inc. (NASDAQ: IQ)

best penny stocks to buy iQIYI Inc IQ stock

When you talk about volatile stocks, iQIYI should be on that list. Over the last few months, shares of IQ stock have flip-flopped between lows of $1.86 and highs of $5.77. Thanks to concerns over Chinese companies listing in the US, the online entertainment service provider has faced numerous headwinds. Meanwhile, it has continued reaching new milestones, which have helped it maintain a strong interest from retail traders.

5 Top Penny Stocks For Your Watch List In June 2022

Recent IQ Stock News

The latest focus is on corporate growth. iQIYI’s Q1 earnings blew away expectations. Wall Street anticipated an 11-cent loss per share for the quarter. Meanwhile, iQIYI posted an EPS of $0.03. Membership services revenue also jumped 4% year-over-year. “During the first quarter of 2022, we delivered a select portfolio of premium shows, bringing membership services growth; we improved our operating efficiency, leading to margin expansion and profits. Our new strategy cemented our market leadership while yielding healthy financial performance,” said Yu Gong, Chief Executive Officer of iQIYI.

IQ Stock Forecast

As far as the IQ stock forecast is concerned, JPMorgan analysts have high hopes. The firm has an Overweight rating and paired that with an $8 target. Based on Thursday’s closing price of $3.91, that target is 104% higher.

Penny Stocks To Buy According To Analysts

Analysts can be a great benchmark when looking for penny stocks to buy. The firms take time to analyze and research different aspects of companies. However, it’s not a bad idea to note that they aren’t the final say. Things change quickly, especially with cheaper stocks. As a result, doing additional research is a prudent strategy when putting together your watch list. If you’re new to trading, here are a few other strategies to use to find penny stocks to watch:

The post Penny Stocks To Buy Today? 3 To Watch With Price Targets Up To 1,152% appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.

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Spread & Containment

License Plates Could Be Printed On McDonald’s Bags To Stop Littering

License Plates Could Be Printed On McDonald’s Bags To Stop Littering

There’s been talk about McDonald’s in southwest Great Britain could print…

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License Plates Could Be Printed On McDonald's Bags To Stop Littering

There's been talk about McDonald's in southwest Great Britain could print car license plates on drive-thru bags to prevent customers from littering. 

"It's not clear exactly how the number plate would be printed on packaging, but it could be scanned onto the brown bags that contain the food," Daily Mail noted. 

Chris Howell, Swansea Council's head of waste, parks and cleansing, told a climate change corporate delivery committee meeting: 

"The Welsh Government has explored with McDonald's, or their franchises, whether or not they could print number plates of cars collecting takeaways from their drive-throughs with a view that that would discourage people from discarding their materials (litter)."

Howell said one of the biggest hurdles with fast-food companies is that if one chain adopts the climate initiative, customers will go to competitors that don't print license plates on bags. 

"If McDonald's do it, then people will just go to Burger King instead of McDonald's, because nobody wants to have their private details printed on that packaging." He added: "I think it's a really good idea but at the minute it's fraught with some difficulties." 

The nationalist political party in Wales, Plaid Cymru, first proposed the idea more than two years ago during the pandemic lockdown when party leaders noticed a spike in fast-food trash along city streets and highways. 

Welsh Government spokesperson told MailOnline:

"There are no current plans to introduce a requirement for drive-through restaurants to add vehicle registration details to fast food drive-through packaging.

"We are continuing to support Keep Wales Tidy with other initiatives to tackle roadside litter including their No Regrets campaign and their Adopt a Highway initiative."

Now 'the cat is out of the bag'. It's only a matter of time before governments start forcing fast-food companies to print license plate numbers on drive-thru bags. The dangers of this could be more surveillance, and who knows what corporations would do with license plate data if such a system were implemented. 

Tyler Durden Sat, 11/26/2022 - 18:00

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Energy is the master resource but it could be Bitcoin that reigns supreme

Nothing shines a light on the importance of energy as much as a fast-approaching winter.
The post Energy is the master resource but it could be Bitcoin…

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Nothing shines a light on the importance of energy as much as a fast-approaching winter. When the temperature drops, the scarcity of energy becomes obvious and global efforts to preserve it begin.

This year, the fight for energy is more aggressive than it’s ever been.

The fiscal and monetary policies set in place during the COVID-19 pandemic caused dangerous inflation in almost every country in the world. The quantitative easing that set out to curb the consequences of the pandemic resulted in a historically unprecedented increase in the M2 money supply. This decision diluted the purchasing power and led to an increase in energy prices, sparking a crisis that is set to culminate this winter.

CryptoSlate analysis showed that the E.U. will most likely be the one hit the hardest by the energy crisis.

The European Central Bank (ECB) has been struggling to keep core inflation down this year. The Core Consumer Price Index (CPI) began to increase substantially in 2021 due to the pandemic both in the U.S. and the E.U.

The U.S. has seen its Core CPI decrease sharply since its culmination in February and posted better-than-expected results last month. However, Core CPI in the Eurozone has continued to increase throughout the year and currently shows no sign of stopping.

Graph showing the Core CPI in the U.S. and the Eurozone from 2017 to 2022 (Source: The Daily Shot)

A similar increase in Core CPI can also be seen in Japan and the U.K. One of the factors that may have contributed to their monetary instability is a lack of investment and support for commodities like oil and gas. Widespread efforts to switch to renewable sources of energy led to a decrease in oil and gas purchases in the E.U. and the U.K.

In contrast, the U.S. and Russia have been investing heavily in oil and gas and promoting innovation in the field.

Looking at the value of fiat currencies against the U.S. dollar further confirms this impact.

The Russian Ruble and the DXY have both increased in value in the past two years, while the euro, British Pound, and Japanese Yen have all seen their Dollar value decrease.

global fiat currencies
Graph showing DXY, GBP, EUR, JPY, and RUB and their value against the U.S. dollar (Source: TradingView)

With rising inflation and a seriously weakened currency, the E.U. will have a hard time competing for oil and gas on the global market. Natural gas producers warned that almost all long-term contracts for natural gas coming out of the U.S. have been sold out until 2026. Until then, when a new wave of natural gas supply is expected to come, the E.U. will have to compete with Asia for the limited supply and swallow the high gas price.

All of this uncertainty could have a positive effect on Bitcoin. While the broader crypto market struggles to remain afloat after the FTX fallout, Bitcoin has positioned itself as a pillar of stability in a market plagued with bad actors. Devalued fiat currencies could push retail investors away from safe-haven assets like gold and commodities and towards an asset like Bitcoin.

The post Energy is the master resource but it could be Bitcoin that reigns supreme appeared first on CryptoSlate.

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Government

‘Forgetful’ Fauci Could Not Recall Key Details Of COVID Crisis Response During Deposition: Louisiana AG

‘Forgetful’ Fauci Could Not Recall Key Details Of COVID Crisis Response During Deposition: Louisiana AG

Authored by Zachary Stieber via The…

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'Forgetful' Fauci Could Not Recall Key Details Of COVID Crisis Response During Deposition: Louisiana AG

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

Dr. Anthony Fauci said he could not recall key details about his actions during the COVID-19 pandemic, according to one of the officials who questioned him on Nov. 23.

Dr. Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases, speaks in Washington on May 11, 2022. (Alex Wong/Getty Images)

Fauci, the director National Institute of Allergy and Infectious Diseases (NIAID) since 1984 and President Joe Biden’s chief medical adviser, was deposed by Louisiana Attorney General Jeff Landry and Missouri Attorney General Eric Schmitt, both Republicans.

“It was amazing, literally, that we spent seven hours with Dr. Fauci—this is a man who single-handedly wrecked the U.S. economy based upon ‘the science, follow the science.’ And over the course of seven hours, we discovered that he can’t recall practically anything dealing with his COVID response,” Landry told The Epoch Times after leaving the deposition. “He just said, ‘I can’t recall, I haven’t seen that. And I think we need to put these documents into context,'” Landry added.

“It was extremely troubling to realize that this is a man who advises presidents of the United States and yet couldn’t recall information he put out, information he discussed, press conferences he held dealing with the COVID-19 response,” Landry added later.

Fauci and NIAID did not immediately respond to requests for comment.

Landry declined to provide more details about the deposition until it is made public, which will happen at a future date. But he said officials would be able to take some of what they learned to advance their case.

Landry and Schmitt sued the U.S. government in May, alleging it violated people’s First Amendment rights by pressuring big tech companies to censor speech. Documents produced by the government in response bolstered the claims. U.S. District Judge Terry Doughty, the Trump appointee overseeing the case, recently ordered Fauci and seven other officials to testify under oath about their knowledge of the censorship.

Doughty concluded that plaintiffs showed Fauci “has personal knowledge about the issue concerning censorship across social media as it related to COVID-19 and ancillary issues of COVID-19.”

While Fauci qualified as a high-ranking official, the burden of him being deposed was outweighed by the court’s need for information before ruling on a motion for a preliminary injunction, Doughty said.

Wednesday was the first time Fauci testified under oath about his interactions with big tech firms, including Facebook founder Mark Zuckerberg.

Before the deposition, Landry said in a statement, “We all deserve to know how involved Dr. Fauci was in the censorship of the American people during the COVID pandemic; tomorrow, I hope to find out.”

“We’re going to follow the evidence everywhere it goes to get down to exactly what has happened, to get down to the fact that our government used private entities to suppress the speech of Americans,” Landry told The Epoch Times.

Louisiana Attorney General Jeff Landry (C) speaks during a press conference at the U.S. Capitol in Washington, on Jan. 22, 2020. (Drew Angerer/Getty Images)

Great Barrington Declaration

Jenin Younes with the New Civil Liberties Alliance, another lawyer representing plaintiffs in the case, said that Fauci claimed he did not worry about a document called the Great Barrington Declaration.

Penned in October 2020, the document called for focused protection on people most at-risk from COVID-19 while rescinding the harsh restrictions that had been imposed on children and others at little risk from the disease. Two of its authors, Dr. Jay Bhattacharya and Martin Kulldorff, are plaintiffs in the case.

I have a very busy day job running a six billion dollar institute. I don’t have time to worry about things like the Great Barrington Declaration,” Fauci said, according to Younes.

Fauci, though, has spoken multiple times about the declaration.

In internal emails that were later published, Fauci and Dr. Francis Collins, Fauci’s former boss, both criticized the declaration. “There needs to be a quick and devastating published takedown of its premises,” Collins wrote, prompting Fauci to send him a Wired magazine article he claimed “debunks this theory.”

In another missive, obtained by The Epoch Times through a Freedom of Information Act request, Fauci said the declaration reminded him of AIDS denialism.

Fauci also talked about the declaration in public, including defending his criticism during a congressional hearing in May.

I have come out very strongly publicly against the Great Barrington Declaration,” Fauci wrote to Dr. Deborah Birx in another email.

Other Depositions

The government moved to block some of the depositions, but not Fauci’s. It just won an order blocking the depositions of Surgeon General Vivek Murthy, Cybersecurity and Infrastructure Security Agency Director Jen Easterly, and Rob Flaherty, a deputy assistant to Biden.

Similar efforts to block the depositions of former White House press secretary Jen Psaki and FBI official Elvis Chan have been unsuccessful.

Chan is scheduled to answer questions next week. Psaki is scheduled to be deposed on Dec. 8.

Chan was involved in communicating with Facebook, LinkedIn, and other big tech firms about content moderation, according to evidence developed in the case and public statements he’s made. Psaki publicly said while still in the White House that platforms should step up against alleged mis- and disinformation.

Plaintiffs have already deposed several officials including Daniel Kimmage, an official at the State Department’s Global Engagement Center.

That center worked with Easterly’s agency to create a coalition of nonprofits called the Election Integrity Partnership, which pushed social media companies to censor speech.

Kimmage was also responsible for meetings during which censorship was discussed, with State Department official Samaruddin Stewart acting on his orders, according to documents produced by LinkedIn.

Read more here...

Tyler Durden Sat, 11/26/2022 - 13:30

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