Connect with us

Reddit Penny Stocks to Buy? 3 to Watch As DogeCoin Goes to the Moon

Reddit penny stocks are back; should you watch these 3?
The post Reddit Penny Stocks to Buy? 3 to Watch As DogeCoin Goes to the Moon appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.

Published

on

3 Reddit Penny Stocks For Your May Watchlist 

Reddit penny stocks are some of the most trending companies in the market. You might be wondering what exactly this term means and how it applies to penny stocks overall. Reddit, the popular social media website, has communities of traders that come together to discuss their ideas on different companies. 

In the past, this has been little more than a forum for ideation. However, when the GameStop Corp. (NYSE: GME) fiasco occurred a few months ago, we saw the fundamentals of the stock market change forever. Now, there is an influx of new retail traders buying penny stocks on Robinhood or other non-institutional brokerages. This is in no way a bad thing, and if anything it has helped to flood the market with billions in new capital. 

[Read More] Trading Penny Stocks in 2021 Can Be Easy By Taking These 3 Steps

And, it’s worth noting that the list of penny stocks on Reddit is always changing. This is because traders continue to find hot penny stocks, where they then spread the word about whether or not to invest.

While finding penny stocks on Reddit is not a great way to make a watchlist, it can help to inspire you. We covered how to make a penny stock watchlist last week, and that is a valuable resource that you should use. 

In addition, the famed meme cryptocurrency, DogeCoin has continued to rise over the past few weeks. While it is very volatile, the rise of the value of DogeCoin has a sizable effect on the attention paid to penny stocks. Considering all of this, let’s take a look at three Reddit penny stocks to watch as DogeCoin goes to the moon. 

3 Reddit Penny Stocks to Watch 

  1. SunLink Health Systems Inc. (NYSE: SSY
  2. Atossa Therapeutics Inc. (NASDAQ: ATOS
  3. American Shared Hospital Services (NYSE: AMS)

SunLink Health Systems Inc. (NYSE: SSY) 

While no company-specific news came out on May 5th, shares of the healthcare company posted over 20% in gains by EOD. For some context, SunLink Health Systems owns several subsidiaries that operate healthcare properties in the Southeast U.S. Its strategy is based on connecting the needs of patients with what healthcare professionals can offer.

During the pandemic, the company has seen an increased demand for its services. This makes sense given that we are in the midst of a healthcare crisis. Last month, SunLink announced a $2 million expansion plan for its subsidiary, Trace Regional Hospital. The goal with this is to expand and completely renovate the hospital to keep up with current demand. 

“Our major capital expenditures are being undertaken in a manner that minimizes disruption in our medical center services and are expected to be completed by June 30th, 2021.

They are being paid out of Trace’s cash on hand and reflect our commitment to the quality of and access to healthcare services in the Houston community and Chickasaw County and our confidence in the growth potential of the Northeast Mississippi area.” 

Sheila Brockman, CEO of Trace Regional Hospital

With this expansion underway, it looks like SunLink is well-positioned to continue innovating in what it can offer its patients and employees. So, while nothing new is specifically sparking today’s gain, SSY stock could be worth watching in the future. 

Atossa Therapeutics Inc. (NASDAQ: ATOS) 

Another decent after-hours gainer is ATOS stock. Atossa Therapeutics is a biotech company, working on both oncology and infectious disease-related treatments. Its flagship compound right now, Endoxifen has already received a “Safe to Proceed” letter from the FDA indicating that the company can move forward with planned trials. Only a few weeks ago, it announced that it has begun treating ovarian cancer patients with Endoxifen, with results expected in the coming months. 

“The patient has recurrent ovarian cancer and did not tolerate tamoxifen, which is sometimes prescribed for ovarian cancer as well as breast cancer. The patient recently underwent functional molecular genomic testing using 3D tumor organoid cultures grown in the laboratory from the patient’s tumor to help determine potential therapies.”

Steven Quay, M.D., the CEO of Atossa Therapeutics

In addition to this, Quay will be presenting in a Panel at Cello Health’s Cancer Progress Virtual Conference on May 6th. 

If all that isn’t enough, Atossa is also working on a compound known as AT-301, which is a nasal spray for treating Covid-19 at home. There are currently no treatments that act similarly, making this a big deal for both Atossa and investors.

[Read More] 3 Hot Penny Stocks To Buy With Analysts Expecting Up To 383%

To embark on these endeavors, Atossa also is raising around $50 million through a registered at-the-market direct offering. With biotech funding is always an area of concern. However, it is comforting to know that Atossa has the capital needed to expand. Considering all of these updates, is ATOS a penny stock to watch?

Penny_Stocks_to_Watch_Atossa Therapeutics Inc. (ATOS Stock Chart)

American Shared Hospital Services (NYSE: AMS) 

One of the biggest gainers of the day on May 5th is American Shared Hospital. By the end of the day shares of AMS stock had pushed up by over 80%. This includes the after-hours gain of 50.42%. So why did American Shared Hospital Services push up so much today? Well, there isn’t a clear answer for this however, we can look at other information to try and deduce why. 

Only a day earlier, AMS stock received a bullish score from the Stock Sentiment Indicator at InvestorsObserver. While analyst ratings are not always a major contributing factor, they can help to determine what direction a penny stock could go in. During the trading day, we saw all types of biotech and healthcare stocks push up dramatically. And, only a few weeks ago, American Shared Hospital Services announced a $22 million debt refinancing deal as well as a new strategic banking relationship with Fifth Third Bank. 

“This milestone transaction with Fifth Third Bank will enable AMS to realize substantial savings from the refinancing of our existing debt, and at the same time, provide us with incremental capital to accelerate the growth of our business.

The transaction immediately lowers our cost of capital and provides ample financial resources to increase our capacity for additional projects through a more diversified business model.” So, while there isn’t a concrete reason explaining why AMS stock shot up today, it could be a correlative gain, or simply the result of the bulls making a big move. 

CEO of AMS, Ray Stachowiak
Penny_Stocks_to_Watch_American Shared Hospital Services (AMS Stock Chart)

Are These Penny Stocks Worth It?

At the end of the day, finding the right stocks to buy all comes down to your investing style. However, it does take a careful mix of research and understanding market moves to have the best chance at seeing profitability. While this is not a be-all-end-all list of penny stocks to watch, it should help to give some inspiration. Considering all of this, are these penny stocks worth it?

The post Reddit Penny Stocks to Buy? 3 to Watch As DogeCoin Goes to the Moon appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.

Read More

Continue Reading

Government

Survey Shows Declining Concerns Among Americans About COVID-19

Survey Shows Declining Concerns Among Americans About COVID-19

A new survey reveals that only 20% of Americans view covid-19 as "a major threat"…

Published

on

Survey Shows Declining Concerns Among Americans About COVID-19

A new survey reveals that only 20% of Americans view covid-19 as "a major threat" to the health of the US population - a sharp decline from a high of 67% in July 2020.

(SARMDY/Shutterstock)

What's more, the Pew Research Center survey conducted from Feb. 7 to Feb. 11 showed that just 10% of Americans are concerned that they will  catch the disease and require hospitalization.

"This data represents a low ebb of public concern about the virus that reached its height in the summer and fall of 2020, when as many as two-thirds of Americans viewed COVID-19 as a major threat to public health," reads the report, which was published March 7.

According to the survey, half of the participants understand the significance of researchers and healthcare providers in understanding and treating long COVID - however 27% of participants consider this issue less important, while 22% of Americans are unaware of long COVID.

What's more, while Democrats were far more worried than Republicans in the past, that gap has narrowed significantly.

"In the pandemic’s first year, Democrats were routinely about 40 points more likely than Republicans to view the coronavirus as a major threat to the health of the U.S. population. This gap has waned as overall levels of concern have fallen," reads the report.

More via the Epoch Times;

The survey found that three in ten Democrats under 50 have received an updated COVID-19 vaccine, compared with 66 percent of Democrats ages 65 and older.

Moreover, 66 percent of Democrats ages 65 and older have received the updated COVID-19 vaccine, while only 24 percent of Republicans ages 65 and older have done so.

“This 42-point partisan gap is much wider now than at other points since the start of the outbreak. For instance, in August 2021, 93 percent of older Democrats and 78 percent of older Republicans said they had received all the shots needed to be fully vaccinated (a 15-point gap),” it noted.

COVID-19 No Longer an Emergency

The U.S. Centers for Disease Control and Prevention (CDC) recently issued its updated recommendations for the virus, which no longer require people to stay home for five days after testing positive for COVID-19.

The updated guidance recommends that people who contracted a respiratory virus stay home, and they can resume normal activities when their symptoms improve overall and their fever subsides for 24 hours without medication.

“We still must use the commonsense solutions we know work to protect ourselves and others from serious illness from respiratory viruses, this includes vaccination, treatment, and staying home when we get sick,” CDC director Dr. Mandy Cohen said in a statement.

The CDC said that while the virus remains a threat, it is now less likely to cause severe illness because of widespread immunity and improved tools to prevent and treat the disease.

Importantly, states and countries that have already adjusted recommended isolation times have not seen increased hospitalizations or deaths related to COVID-19,” it stated.

The federal government suspended its free at-home COVID-19 test program on March 8, according to a website set up by the government, following a decrease in COVID-19-related hospitalizations.

According to the CDC, hospitalization rates for COVID-19 and influenza diseases remain “elevated” but are decreasing in some parts of the United States.

Tyler Durden Sun, 03/10/2024 - 22:45

Read More

Continue Reading

Government

Rand Paul Teases Senate GOP Leader Run – Musk Says “I Would Support”

Rand Paul Teases Senate GOP Leader Run – Musk Says "I Would Support"

Republican Kentucky Senator Rand Paul on Friday hinted that he may jump…

Published

on

Rand Paul Teases Senate GOP Leader Run - Musk Says "I Would Support"

Republican Kentucky Senator Rand Paul on Friday hinted that he may jump into the race to become the next Senate GOP leader, and Elon Musk was quick to support the idea. Republicans must find a successor for periodically malfunctioning Mitch McConnell, who recently announced he'll step down in November, though intending to keep his Senate seat until his term ends in January 2027, when he'd be within weeks of turning 86. 

So far, the announced field consists of two quintessential establishment types: John Cornyn of Texas and John Thune of South Dakota. While John Barrasso's name had been thrown around as one of "The Three Johns" considered top contenders, the Wyoming senator on Tuesday said he'll instead seek the number two slot as party whip. 

Paul used X to tease his potential bid for the position which -- if the GOP takes back the upper chamber in November -- could graduate from Minority Leader to Majority Leader. He started by telling his 5.1 million followers he'd had lots of people asking him about his interest in running...

...then followed up with a poll in which he predictably annihilated Cornyn and Thune, taking a 96% share as of Friday night, with the other two below 2% each. 

Elon Musk was quick to back the idea of Paul as GOP leader, while daring Cornyn and Thune to follow Paul's lead by throwing their names out for consideration by the Twitter-verse X-verse. 

Paul has been a stalwart opponent of security-state mass surveillance, foreign interventionism -- to include shoveling billions of dollars into the proxy war in Ukraine -- and out-of-control spending in general. He demonstrated the latter passion on the Senate floor this week as he ridiculed the latest kick-the-can spending package:   

In February, Paul used Senate rules to force his colleagues into a grueling Super Bowl weekend of votes, as he worked to derail a $95 billion foreign aid bill. "I think we should stay here as long as it takes,” said Paul. “If it takes a week or a month, I’ll force them to stay here to discuss why they think the border of Ukraine is more important than the US border.”

Don't expect a Majority Leader Paul to ditch the filibuster -- he's been a hardy user of the legislative delay tactic. In 2013, he spoke for 13 hours to fight the nomination of John Brennan as CIA director. In 2015, he orated for 10-and-a-half-hours to oppose extension of the Patriot Act

Rand Paul amid his 10 1/2 hour filibuster in 2015

Among the general public, Paul is probably best known as Capitol Hill's chief tormentor of Dr. Anthony Fauci, who was director of the National Institute of Allergy and Infectious Disease during the Covid-19 pandemic. Paul says the evidence indicates the virus emerged from China's Wuhan Institute of Virology. He's accused Fauci and other members of the US government public health apparatus of evading questions about their funding of the Chinese lab's "gain of function" research, which takes natural viruses and morphs them into something more dangerous. Paul has pointedly said that Fauci committed perjury in congressional hearings and that he belongs in jail "without question."   

Musk is neither the only nor the first noteworthy figure to back Paul for party leader. Just hours after McConnell announced his upcoming step-down from leadership, independent 2024 presidential candidate Robert F. Kennedy, Jr voiced his support: 

In a testament to the extent to which the establishment recoils at the libertarian-minded Paul, mainstream media outlets -- which have been quick to report on other developments in the majority leader race -- pretended not to notice that Paul had signaled his interest in the job. More than 24 hours after Paul's test-the-waters tweet-fest began, not a single major outlet had brought it to the attention of their audience. 

That may be his strongest endorsement yet. 

Tyler Durden Sun, 03/10/2024 - 20:25

Read More

Continue Reading

Government

The Great Replacement Loophole: Illegal Immigrants Score 5-Year Work Benefit While “Waiting” For Deporation, Asylum

The Great Replacement Loophole: Illegal Immigrants Score 5-Year Work Benefit While "Waiting" For Deporation, Asylum

Over the past several…

Published

on

The Great Replacement Loophole: Illegal Immigrants Score 5-Year Work Benefit While "Waiting" For Deporation, Asylum

Over the past several months we've pointed out that there has  been zero job creation for native-born workers since the summer of 2018...

... and that since Joe Biden was sworn into office, most of the post-pandemic job gains the administration continuously brags about have gone foreign-born (read immigrants, mostly illegal ones) workers.

And while the left might find this data almost as verboten as FBI crime statistics - as it directly supports the so-called "great replacement theory" we're not supposed to discuss - it also coincides with record numbers of illegal crossings into the United States under Biden.

In short, the Biden administration opened the floodgates, 10 million illegal immigrants poured into the country, and most of the post-pandemic "jobs recovery" went to foreign-born workers, of which illegal immigrants represent the largest chunk.

Asylum seekers from Venezuela await work permits on June 28, 2023 (via the Chicago Tribune)

'But Tyler, illegal immigrants can't possibly work in the United States whilst awaiting their asylum hearings,' one might hear from the peanut gallery. On the contrary: ever since Biden reversed a key aspect of Trump's labor policies, all illegal immigrants - even those awaiting deportation proceedings - have been given carte blanche to work while awaiting said proceedings for up to five years...

... something which even Elon Musk was shocked to learn.

Which leads us to another question: recall that the primary concern for the Biden admin for much of 2022 and 2023 was soaring prices, i.e., relentless inflation in general, and rising wages in particular, which in turn prompted even Goldman to admit two years ago that the diabolical wage-price spiral had been unleashed in the US (diabolical, because nothing absent a major economic shock, read recession or depression, can short-circuit it once it is in place).

Well, there is one other thing that can break the wage-price spiral loop: a flood of ultra-cheap illegal immigrant workers. But don't take our word for it: here is Fed Chair Jerome Powell himself during his February 60 Minutes interview:

PELLEY: Why was immigration important?

POWELL: Because, you know, immigrants come in, and they tend to work at a rate that is at or above that for non-immigrants. Immigrants who come to the country tend to be in the workforce at a slightly higher level than native Americans do. But that's largely because of the age difference. They tend to skew younger.

PELLEY: Why is immigration so important to the economy?

POWELL: Well, first of all, immigration policy is not the Fed's job. The immigration policy of the United States is really important and really much under discussion right now, and that's none of our business. We don't set immigration policy. We don't comment on it.

I will say, over time, though, the U.S. economy has benefited from immigration. And, frankly, just in the last, year a big part of the story of the labor market coming back into better balance is immigration returning to levels that were more typical of the pre-pandemic era.

PELLEY: The country needed the workers.

POWELL: It did. And so, that's what's been happening.

Translation: Immigrants work hard, and Americans are lazy. But much more importantly, since illegal immigrants will work for any pay, and since Biden's Department of Homeland Security, via its Citizenship and Immigration Services Agency, has made it so illegal immigrants can work in the US perfectly legally for up to 5 years (if not more), one can argue that the flood of illegals through the southern border has been the primary reason why inflation - or rather mostly wage inflation, that all too critical component of the wage-price spiral  - has moderated in in the past year, when the US labor market suddenly found itself flooded with millions of perfectly eligible workers, who just also happen to be illegal immigrants and thus have zero wage bargaining options.

None of this is to suggest that the relentless flood of immigrants into the US is not also driven by voting and census concerns - something Elon Musk has been pounding the table on in recent weeks, and has gone so far to call it "the biggest corruption of American democracy in the 21st century", but in retrospect, one can also argue that the only modest success the Biden admin has had in the past year - namely bringing inflation down from a torrid 9% annual rate to "only" 3% - has also been due to the millions of illegals he's imported into the country.

We would be remiss if we didn't also note that this so often carries catastrophic short-term consequences for the social fabric of the country (the Laken Riley fiasco being only the latest example), not to mention the far more dire long-term consequences for the future of the US - chief among them the trillions of dollars in debt the US will need to incur to pay for all those new illegal immigrants Democrat voters and low-paid workers. This is on top of the labor revolution that will kick in once AI leads to mass layoffs among high-paying, white-collar jobs, after which all those newly laid off native-born workers hoping to trade down to lower paying (if available) jobs will discover that hardened criminals from Honduras or Guatemala have already taken them, all thanks to Joe Biden.

Tyler Durden Sun, 03/10/2024 - 19:15

Read More

Continue Reading

Trending