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Top Penny Stocks to Add to Your Watchlist This Week

Which penny stocks are on your watchlist for this coming week?
The post Top Penny Stocks to Add to Your Watchlist This Week appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.

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3 Hot Penny Stocks You Should Know About Right Now

With October more than half way done, investors continue to search for the best penny stocks to buy. Given that this month has already proven itself to be quite bullish, many investors are excited about the future. And recently, stronger than expected jobs reports, retail numbers and more, have helped to fuel a bullish surge. 

[Read More] Top Penny Stocks to Watch As BTC Passes $61,000

On Friday, October 15th, the Dow Jones jumped substantially, mostly due to strong earnings reports across the board. And, if we combine this with the overall volatility in the stock market, we see that there are plenty of opportunities to make money with penny stocks in 2021. If you’re investing in penny stocks however, there are a few things that you should know. 

For one, investors need to weigh their own investing style with the penny stocks that they’re interested in. This means understanding your tolerance for risk, and which penny stocks may play into that. Next, traders should do all the research they can into the stocks on their watchlists. That means looking at balance sheets, rumors, speculative events, and industry-wide happenings. 

Because penny stocks are highly speculative, anything and everything can affect prices on a daily or hourly basis. So to take advantage of this, staying up to date will give you the best chance at success. Considering all of this, let’s take a look at three top penny stocks to add to your watchlist this week. 

3 Penny Stocks to Watch in Mid-October 2021 

  1. Citius Pharmaceuticals Inc. (NASDAQ: CTXR
  2. Borr Drilling Ltd. (NYSE: BORR)
  3. Color Star Technology Co. Ltd. (NASDAQ: CSCW

Citius Pharmaceuticals Inc. (NASDAQ: CTXR)

Citius Pharmaceuticals Inc. is a biotech penny stock that has climbed by over 100% in the YTD period. With some decent gains in the past few trading days, it seems as though investors are paying attention to Citius right now. If you’re not familiar, CTXR is a company that makes anti-infective products for prescriptions, adjunct cancer care, and mesenchymal stem cell therapy. Currently, Citius is developing Mino-Lok, Mino-Wrap, Halo-Lido, and NoveCite among other products.

Read more: 10 Top Penny Stocks To Watch This Week With Potential Biotech Catalysts

On October 20th, Citius will be hosting an investor webcast at 8:30 a.m. eastern time. This webcast is to discuss the acquisition of late Phase 3 cancer immunotherapy I/ONTAK (E7777). This is an improved formulation of immunotoxin ONTAK that was previously approved by the FDA. The CEO of Citius Pharmaceuticals, Myron Holubiak, will be hosting this webcast along with the executive chairman, chief medical officer, and the chief financial officer of the company. On October 15th, 5 days before the webcast, managed to climb by over 7%. Its volume is also much higher than its average. 

Events like these are important for investors to consider. They allow for an increased understanding of what a company is doing right now and what it could do in the future. For that reason, it’s important to pay attention and stay up to date if you’re interested in CTXR stock. Based on this recent information, is CTXR going to make your penny stock watchlist in mid-October?

Borr Drilling Ltd. (NYSE: BORR) 

BORR drilling is one of the larger recent gainers, pushing up by almost 9% on Friday, October 15th. This gives it a one month gain of almost 60% and a one year gain of over 140%. While no news caused BORR stock to rise substantially on Friday, we can look at previous announcements and the industry that Borr Drilling works in to deduce why it may have happened. 

[Read More] 5 Top Penny Stocks Analysts Say To Buy With 119%-430% Price Targets

Recently, the energy industry has been heating up. With many energy penny stocks climbing due to high demand and a fuel shortage, investors are intent on finding the best energy stocks to watch. And, this could be one of the reasons that BORR stock is seeing so much attention right now. 

The most recent announcement from the company came at the end of August when it announced its preliminary results for Q2 2021. In the results, there company posted operating revenue of over $54 million, which is a 13% increase over the previous quarter. While its net loss did increase by around $5.5 million, the company states that this is due to a decrease in income from equity method investments. 

“We have seen  steady improvement in operations during the second quarter of 2021 with 13 rigs working at quarter end. Following our significant contract wins YTD, we have added approximately $542 million in revenues to our backlog.”

CEO of Borr Drlling, Patrick Schorn

This is exciting, and shows that Borr Drilling is in an advantageous financial position right now. Considering that, will it make it onto your list of penny stocks to watch this month?

Penny_Stocks_to_Watch_Borr Drilling Ltd. (BORR Stock Chart)

Color Star Technology Co. Ltd. (NASDAQ: CSCW) 

Another big gainer from Friday was Color Star Technology Co., pushing up by almost 6% at EOD. If you haven’t heard of CSCW, it is a China-based provider of online entertainment and music education services. The company operates through several wholly-owned subsidiaries including Color China Entertainment Ltd. and the CACM Group NY Inc. On October 12th, Color Star announced a new collaborative effort with artists from all over the world to create a ‘virtual world’ live musical. 

“We are committed to creating new art forms and combining these artistic works with the use of technology. The innovative, situational musical, “Dream”, which we created this time, will be a bold attempt and breakthrough for us. The theme of the musical will change depending on the country where it is performing and the age of the participating audiences.” 

Mr. Basil Wilson, the CEO of Color Star

Right now, virtual entertainment is a major industry, and it has been this way since the start of the pandemic. So, this move looks like it could play out well for the company if all goes according to plan. Considering that the entertainment industry is booming right now, Color Star Technology could be worth keeping an eye on moving forward. 

Penny_Stocks_to_Watch_Color Star Technology Co. Ltd. (CSCW Stock Chart)

Are Penny Stocks Worth Buying or Not?

Finding the best penny stocks to buy in 2021 can be challenging. But, with so many to choose from, it all comes down to doing the proper research and committing to a strategy.

[Read More] Best Penny Stocks to Buy Under $4? 4 For Your Watchlist Right Now

At the end of the day, buying and selling penny stocks is an individual experience that involves dedication to finding out as much information as you can. And with the right information, making money with penny stocks can be much more achievable than previously imagined. Considering this, do you think that penny stocks are worth buying or not?

The post Top Penny Stocks to Add to Your Watchlist This Week appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.

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Homes listed for sale in early June sell for $7,700 more

New Zillow research suggests the spring home shopping season may see a second wave this summer if mortgage rates fall
The post Homes listed for sale in…

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  • A Zillow analysis of 2023 home sales finds homes listed in the first two weeks of June sold for 2.3% more. 
  • The best time to list a home for sale is a month later than it was in 2019, likely driven by mortgage rates.
  • The best time to list can be as early as the second half of February in San Francisco, and as late as the first half of July in New York and Philadelphia. 

Spring home sellers looking to maximize their sale price may want to wait it out and list their home for sale in the first half of June. A new Zillow® analysis of 2023 sales found that homes listed in the first two weeks of June sold for 2.3% more, a $7,700 boost on a typical U.S. home.  

The best time to list consistently had been early May in the years leading up to the pandemic. The shift to June suggests mortgage rates are strongly influencing demand on top of the usual seasonality that brings buyers to the market in the spring. This home-shopping season is poised to follow a similar pattern as that in 2023, with the potential for a second wave if the Federal Reserve lowers interest rates midyear or later. 

The 2.3% sale price premium registered last June followed the first spring in more than 15 years with mortgage rates over 6% on a 30-year fixed-rate loan. The high rates put home buyers on the back foot, and as rates continued upward through May, they were still reassessing and less likely to bid boldly. In June, however, rates pulled back a little from 6.79% to 6.67%, which likely presented an opportunity for determined buyers heading into summer. More buyers understood their market position and could afford to transact, boosting competition and sale prices.

The old logic was that sellers could earn a premium by listing in late spring, when search activity hit its peak. Now, with persistently low inventory, mortgage rate fluctuations make their own seasonality. First-time home buyers who are on the edge of qualifying for a home loan may dip in and out of the market, depending on what’s happening with rates. It is almost certain the Federal Reserve will push back any interest-rate cuts to mid-2024 at the earliest. If mortgage rates follow, that could bring another surge of buyers later this year.

Mortgage rates have been impacting affordability and sale prices since they began rising rapidly two years ago. In 2022, sellers nationwide saw the highest sale premium when they listed their home in late March, right before rates barreled past 5% and continued climbing. 

Zillow’s research finds the best time to list can vary widely by metropolitan area. In 2023, it was as early as the second half of February in San Francisco, and as late as the first half of July in New York. Thirty of the top 35 largest metro areas saw for-sale listings command the highest sale prices between May and early July last year. 

Zillow also found a wide range in the sale price premiums associated with homes listed during those peak periods. At the hottest time of the year in San Jose, homes sold for 5.5% more, a $88,000 boost on a typical home. Meanwhile, homes in San Antonio sold for 1.9% more during that same time period.  

 

Metropolitan Area Best Time to List Price Premium Dollar Boost
United States First half of June 2.3% $7,700
New York, NY First half of July 2.4% $15,500
Los Angeles, CA First half of May 4.1% $39,300
Chicago, IL First half of June 2.8% $8,800
Dallas, TX First half of June 2.5% $9,200
Houston, TX Second half of April 2.0% $6,200
Washington, DC Second half of June 2.2% $12,700
Philadelphia, PA First half of July 2.4% $8,200
Miami, FL First half of June 2.3% $12,900
Atlanta, GA Second half of June 2.3% $8,700
Boston, MA Second half of May 3.5% $23,600
Phoenix, AZ First half of June 3.2% $14,700
San Francisco, CA Second half of February 4.2% $50,300
Riverside, CA First half of May 2.7% $15,600
Detroit, MI First half of July 3.3% $7,900
Seattle, WA First half of June 4.3% $31,500
Minneapolis, MN Second half of May 3.7% $13,400
San Diego, CA Second half of April 3.1% $29,600
Tampa, FL Second half of June 2.1% $8,000
Denver, CO Second half of May 2.9% $16,900
Baltimore, MD First half of July 2.2% $8,200
St. Louis, MO First half of June 2.9% $7,000
Orlando, FL First half of June 2.2% $8,700
Charlotte, NC Second half of May 3.0% $11,000
San Antonio, TX First half of June 1.9% $5,400
Portland, OR Second half of April 2.6% $14,300
Sacramento, CA First half of June 3.2% $17,900
Pittsburgh, PA Second half of June 2.3% $4,700
Cincinnati, OH Second half of April 2.7% $7,500
Austin, TX Second half of May 2.8% $12,600
Las Vegas, NV First half of June 3.4% $14,600
Kansas City, MO Second half of May 2.5% $7,300
Columbus, OH Second half of June 3.3% $10,400
Indianapolis, IN First half of July 3.0% $8,100
Cleveland, OH First half of July  3.4% $7,400
San Jose, CA First half of June 5.5% $88,400

 

The post Homes listed for sale in early June sell for $7,700 more appeared first on Zillow Research.

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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"…

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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

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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…

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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

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