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Top Penny Stocks to Buy? 3 to Watch if You Like DogeCoin

Penny stocks see momentum as DogeCoin and other crypto’s rise in value; here’s 3 to watch
The post Top Penny Stocks to Buy? 3 to Watch if You Like DogeCoin appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.

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3 Penny Stocks to Watch With Big Gains This Week

Investing in penny stocks in the past month or so has been filled with a lot of ups and downs. But, as penny stocks investors, this volatility can be a great method to seeing gains (and losses) in your portfolio. 

In June of 2021, there are a lot of catalysts at play that investors should take note of. For starters, the crypto market has a major influence on how small-caps are traded. While they are different markets without a doubt, penny stocks and cryptocurrencies tend to trade similarly due to their comparable prices. 

In the last few months, the focus of crypto investors has been on DogeCoin, Ethereum, Bitcoin, and several lesser known coins. If you thought penny stocks traded highly off of speculation, you should take a look at crypto.

[Read More] 4 Penny Stocks To Watch As Dogecoin, Bitcoin & Cryptocurrency Surge

Now, because there are so many penny stocks and cryptocurrencies to choose from, picking valuable ones in either industry can be a challenge. But, if you can think outside of the box, and find information that others may not have, you may be able to get ahead of the game. 

Right now, one of the largest influences on both crypto and penny stocks is Reddit and other social media. Reddit is responsible for the massive rise in AMC Entertainment Holdings Inc. (NYSE: AMC), which pushed up by almost 100% yesterday to over $60 per share. While this is not the norm by any means, it does show the power of both social media and retail investors. Considering all of this, let’s take a look at the top penny stocks to watch if you like DogeCoin. 

3 Penny Stocks to Watch if You Like DogeCoin

  1. Ideanomics Inc. (NASDAQ: IDEX)
  2. Boxlight Corp. (NASDAQ: BOXL)
  3. Stealth BioTherapeutics Corp. (NASDAQ: MITO)

Ideanomics Inc. (NASDAQ: IDEX)

Tech penny stocks like Ideanomics Inc. are performing well right now. IDEX focuses on the adoption of commercial electric vehicles and associated energy consumption. It also offers financial services and fintech products through its Ideanomics Capital division. Its mobility division is what supports the adoption of EVs by commercial fleet operators. Through this, it offers solutions for financing, charging, and energy management needs for companies that wish to utilize electric vehicles as a part of their business.

On May 17th the company reported its first quarter financial results for 2021. In the report, IDEX announced high revenues and gross profit. Its revenue was the fifth consecutive quarter of growth, illustrating strong sentiment around Ideanomics. The CEO of IDEX, Alf Poor said, “I am both pleased and proud to say that as it stands today the company is the healthiest it has been in close to three years that I have been on board.”

It’s worth noting that Ideanomics is frequently discussed on Reddit. This attracts all types of retail investors to IDEX as social media is a major component of investor sentiment. This reddit penny stock has been skyrocketing in over the past few months. 5 days ago IDEX was at $2.80 per share, and now the its shares sit at over $3.20 as of June 2nd. So is this a company that will make it on to your list of penny stocks to watch?

Boxlight Corporation (NASDAQ: BOXL)

Boxlight Corporation is a penny stock that is focused on educational technology. It develops, sells, and services interactive classroom solutions. Its products are targeted at the K-12 market. Some of its products include projectors, interactive flat panel displays, touchboards, and much more. Its MimioTeach product can turn any whiteboard into an interactive educational tool. It also offers software to help create these interactive lesson plans. This market is one that the pandemic has positively affected.

During the past year, edu-tech products have seen a massive rise in value. And, with children returning to school, Boxlight’s products could see a higher demand in the coming months.

Recently the company caught attention with its first quarter 2021 financial results. The company reported revenue of $33.4 million as well as $47.7 million in orders. This is a record for the company, and its adjusted EBITDA grew as a result. Its revenue increase represents 484% over the previous year. Customer orders also increased by 528%. These numbers are quite large, and reflect the state of the edu-tech market right now.

[Read More] 4 Cheap Penny Stocks To Buy For Under $1 On Robinhood & Webull

As stated earlier, now that schools are reopening in many places around the world, more of its products may be in demand.

“We continue to benefit from unprecedented market expansion, particularly in the education sector as schools return to in-class learning and are utilizing increased technology budgets, supported by substantial government funding programs.”

Michael Pope, Chairman and CEO of Boxlight

With all of this information in mind, will BOXL stock make your watchlist this month?

Penny_Stocks_to_Watch_Boxlight Corp. (BOXL Stock Chart)

Stealth BioTherapeutics Corp. (NASDAQ: MITO)

Stealth BioTherapeutics Corp. is a clinical-stage biotech penny stock that discovers, develops, and commercializes therapeutics. Its products aim to treat diseases involving mitochondrial dysfunction. One of its lead candidates is Elamipretide which is in Phase 3 clinical trials to treat Barth syndrome. Additionally, Elamipretide is in a Phase 2/3 clinical trial to treat Duchenne cardiomyopathy and a Phase 2a trial to treat Friedreich’s ataxia. The scope of this drugs potential remains quite large, indicating that MITO could have sizable demand if this compound is approved.

On June 1st the company received an orphan drug designation from the European Medicines Agency. This is a big deal for Elamipretide, which in this indication, could treat Barth Syndrome. The company states that it is pleased that the EMA recognized the “high unmet need for innovative treatments” for this genetic condition. 

“This marks an important step toward advancing our regulatory initiatives in Europe as we work towards potential ex-U.S. partnerships and approvals. We are committed to increasing medical and regulatory awareness of this devastating condition, which is believed to contribute to often fatal, infant-onset idiopathic cardiomyopathy globally.” 

The CEO of MITO, Reenie McCarthy

Before the announcement, MITO stock sat at around $1.40 per share on average. After the announcement, MITO reached as high as more than $1.90 per share on average. Its average trading volume is also extremely high compared to its market average. On June 2nd alone, MITO stock increased by more than 23%, ending the day at around $1.77 per share. Considering this, will Stealth BioTherapeutics be on your list of penny stocks to watch this week?

Penny_Stocks_to_Watch_Stealth BioTherapeutics Corp. (MITO Stock Chart)

Which Penny Stocks Are On Your Watchlist This Month?

Building a watchlist will always be the best way to stay ahead of the game. While the influence of Reddit and other forms of social media will likely remain present, there are ways to use this to your advantage. This includes looking at trending penny stocks, and understanding which ones may move in the near future.

[Read More] Best Penny Stocks to Buy Right Now? 3 NFT Stocks to Watch in June

Although there are thousands to choose from, there are only a handful of penny stocks that could show either short or long term potential. With all of this in mind, which penny stocks are on your watchlist this month?

The post Top Penny Stocks to Buy? 3 to Watch if You Like DogeCoin appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.

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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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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…

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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

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