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Top Penny Stocks To Buy The Dip According To Analysts In September

Analysts say these are penny stocks to buy right now.
The post Top Penny Stocks To Buy The Dip According To Analysts In September appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.

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Do You Agree With Analysts On These Penny Stocks?

With the stock market sell-off this week, investors are jittery. But this hasn’t put a pause on day traders searching for penny stocks to buy. In fact, these last few days of selling have brought waves of retail buying. The name of the game right now is “bottom-feeding,” and rightfully so. If you look at broader exchanges and ETFs, including the S&P 500 (NYSE:SPY), Nasdaq (NASDAQ:QQQ), Dow (NYSE:DIA), and even the Russell 2000 (NYSE:IWM), you’ll see that these have tested some significant technical levels this week. All four broke below their 50-day moving averages. Furthermore, the SPY dropped below its 100-day average while the IWM dipped under its 200 day. For the SPY, it hasn’t made a move like this in over a year.

The Stock Market Today

With the Federal Reserve meeting coming to a close on Wednesday, eyes are now on Fed Chair Jerome Powell. What, if any, bond-buying taper schedule will be revealed? Will interest rates get hiked sooner than expected? Is inflation not as “transitory” as was initially believed? All of these questions are becoming a source of speculation in the stock market today.

Read more: Best Penny Stocks To Buy Now? Watch These 5 Today

Then you’ve got the fate of China’s second-largest developer, China Evergrande, hanging in the balance. Will the country bail out the indebted real estate company? Do global financial institutions and governments step in to help? Again, more questions. In the stock market today, we’ve seen a pause to the rampant selling from earlier in the week ahead of the close of the FOMC meeting. As markets attempt to rebound, traders are looking for ways to buy the dip in beaten-down stocks. Today, we’ll look at five companies that analysts have shown interest in, along with price targets as high as 259%.

Penny Stocks To Buy [According To HC Wainwright]

Verastem Inc.

Verastem is one of the penny stocks we’ve discussed recently. This was thanks to upcoming data (at the time) concerning its Phase 1/2 FRAME study in VS-6766 for low-grade serous ovarian cancer. Since the details were revealed, VSTM stock has been climbing. The company reported that it saw positive data from the treatment study. When combined with the company’s defactinib, patients demonstrated meaningful response rates. Topline results are expected during the first half of next year.

If you look at VSTM stock in a longer-term timeframe, you’ll see that it’s still well off its 2021 high. Earlier this year, Verastem shares rallied as high as $4.93 on the heels of receiving Breakthrough Therapy Designation for VS-6766 with defactinib in this specific type of ovarian cancer. Its capital-raising efforts were one of the big reasons the stock came under pressure during the summer. But even with this pullback, some analysts are becoming more bullish right now.

VSTM Stock Forecast

Earlier this month, HC Wainwright analyst Sean Lee reiterated the firm’s Buy rating on the stock. Furthermore, Lee has a $5 target set right now. Compared to current trading levels of less than $3, that target is 71% higher right now. Next week, Verastem presents at the Cantor Virtual Global Healthcare Conference. So if VSTM stock is on your list right now, keep September 27th in mind as this is the date of that presentation.

Zynerba Pharmaceuticals

Another one of the penny stocks to buy, according to HC Wainwright, is ZYNE. The company specializes in transdermal cannabinoid therapies for rare and near-rare disorders.

September has been and will continue being a busy month for the company. Zynerba has made several key presentations this month on its ZYN002 platform, also trademarked Zygel. This product is administered as a transdermal gel to children with developmental and epileptic encephalopathy. Recent results of ongoing studies have demonstrated how Zygel can benefit patients even during longer-term time frames. In particular, patients with Autism Spectrum Disorder who completed a 38-week treatment showed “statistically significant improvements” compared to baselines in the study.

Read more: High Volume Penny Stocks to Buy Now? Take a Look At These 3

While this progress has helped give some renewed bullishness to ZYNE stock, shares are still far from their 2021 highs of $6.07. But again, analysts are seeing a different picture right now.

ZYNE Stock Forecast

H.C. Wainwright analyst Oren Livnat recently reiterated the firm’s Buy rating on ZYNE stock this month. There’s also a price target of $9. Compared to current trading levels, that target is currently 104% higher right now. Similar to VSTM, if ZYNE stock is on your list, next week’s Cantor Conference will also be something to take note of. Zynerba will present as well.

penny stocks to buy the dip Zynerba Pharmaceuticals ZYNE stock chart

Penny Stocks To Buy [According To Brookline Capital]: Dermata Therapeutics Inc.

While it’s just slightly outside of the penny stock range, Dermata has managed to make a strong move in the markets this week. The company recently went public in August at an IPO price of $7 but has pulled back since then. Does that mean all is lost for DRMA stock, or are trading going to buy the dip?

Something that has held interest for investors is the company’s therapeutic platform. In particular, Dermata specializes in skincare and, more specifically, managing medical and aesthetic skin conditions. The company is focused on advancing two programs in treating acne, psoriasis, and rosacea.

While it’s a new company, it hasn’t wasted time in bringing data to investors. In fact, Dermata is already setting up for a presentation at the November American Society for Dermatologic Surgery conference. The company will present Phase 1b proof of concept study data for its DMT410 treatment in multiple aesthetic skin conditions.

DRMA Stock Forecast

Despite the building excitement, DRMA stock hasn’t surpassed its IPO price of $7. If analysts are to be believed, however, that may not be a major hurdle. Brookline Capital is the latest to weigh in on the outlook for this biotech penny stock. The firm has a Buy rating on DRMA and a price target 156% higher than current levels ($14). Looking ahead, if DRMA stock is on your list, make sure to keep November 19-21st in mind. These are the dates of the upcoming conference.

penny stocks to buy the dip Dermata Therapeutics DRMA stock chart

Penny Stocks To Buy [According To BMO Capital]: 9 Meters Biopharma

9 Meters Biopharma is battling back to regain some ground lost over the last few months. This week, shares are trading at the same levels they were when analysts from BMO Capital weighed in. Given that as the case, some are beginning to follow this penny stock more closely. That also likely has to do with 9 Meters’ recent investor conference tour this month.

Read more: Top Penny Stocks You Need to Know About Right Now

The company specializes in gastroenterology and treatments for rare and unmet needs of patients. In its latest round of presentations, 9 Meters presented details on its current platform. It is now working on advancing its vurolenatide and larazotide treatment platforms for short bowel syndrome and celiac disease. The company’s also collaborating with the European Biomedical Research Institute of Salerno, Italy (EBRIS) for a planned Phase 2 study of larazotide in treating multisystem inflammatory syndrome in children resulting from COVID-19. Obviously, treatments involving COVID-19 have been a focus of the stock market this year. EBRIS plans to initiate Phase 2a trial in MIS-C in Q4 2021 at Massachusetts General Hospital for Children.

NMTR Stock Forecast

While recent progress may have become a highlight for traders, it hasn’t wholly managed to spark a rally back to 2021 highs. However, analysts at BMO Capital are a bit more bullish right now. The firm has an Outperform rating on the stock and a $5 price target, 259% higher than current trading levels. Furthermore, with an upcoming presentation at the Cantor Conference next week, September 28th could be an important date to keep in mind.

penny stocks to buy the dip 9 Meters Biopharma NMTR stock chart

Should You Buy Penny Stocks?

Whether you believe analysts or not, the final decision is up to you when it comes to buying penny stocks. The one thing I can say about ratings and coverage from firms like these is that it can offer some added insight to fold into your due diligence process. At the very least, you can use it as another piece of your much bigger research process.

Stocks Discussed In This Article:

  1. Verastem Inc. (NASDAQ:VSTM)
  2. Zynerba Pharmaceuticals (NASDAQ:ZYNE)
  3. Dermata Therapeutics (NASDAQ:DRMA)
  4. 9 Meters Bipharma (NASDAQ:NMTR)

The post Top Penny Stocks To Buy The Dip According To Analysts In September appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.

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Analysts issue unexpected crude oil price forecast after surge

Here’s what a key investment firm says about the commodity.

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Oil is an asset defined by volatility.

U.S. crude prices stood above $60 a barrel in January 2020, just as the covid pandemic began. Three months later, prices briefly went negative, as the pandemic crushed demand.

By June 2022 the price rebounded all the way to $120, as fiscal and monetary stimulus boosted the economy. The price fell back to $80 in September 2022. Since then, it has bounced between about $65 and $90.

Over the past two months, the price has climbed 15% to $82 as of March 20.

Oil prices often trade in a roller-coaster fashion.

Bullish factors for oil prices

The move stems partly from indications that economic growth this year will be stronger than analysts expected.

Related: The Fed rate decision won't surprise markets. What happens next might

Vanguard has just raised its estimate for 2024 U.S. GDP growth to 2% from 0.5%.

Meanwhile, China’s factory output and retail sales exceeded forecasts in January and February. That could boost oil demand in the country, the world's No. 1 oil importer.

Also, drone strokes from Ukraine have knocked out some of Russia’s oil refinery capacity. Ukraine has hit at least nine major refineries this year, erasing an estimated 11% of Russia’s production capacity, according to Bloomberg.

“Russia is a gas station with an army, and we intend on destroying that gas station,” Francisco Serra-Martins, chief executive of drone manufacturer Terminal Autonomy, told the news service. Gasoline, of course, is one of the products made at refineries.

Speaking of gas, the recent surge of oil prices has sent it higher as well. The average national price for regular gas totaled $3.52 per gallon Wednesday, up 7% from a month ago, according to the American Automobile Association. And we’re nearing the peak driving season.

Another bullish factor for oil: Iraq said Monday that it’s cutting oil exports by 130,000 barrels per day in coming months. Iraq produced much more oil in January and February than its OPEC (Organization of Petroleum Exporting Countries) target.

Citigroup’s oil-price forecast

Yet, not everyone is bullish on oil going forward. Citigroup analysts see prices falling through next year, Dow Jones’s Oil Price Information Service (OPIS) reports.

More Economic Analysis:

The analysts note that supply is at risk in Israel, Iran, Iraq, Libya, and Venezuela. But Saudi Arabia, the UAE, Kuwait, and Russia could easily make up any shortfall.

Moreover, output should also rise this year and next in the U.S., Canada, Brazil, and Guyana, the analysts said. Meanwhile, global demand growth will decelerate, amid increased electric vehicle use and economic weakness.

Regarding refineries, the analysts see strong gains in capacity and capacity upgrades this year.

What if Donald Trump is elected president again? That “would likely be bearish for oil and gas," as Trump's policies could boost trade tension, crimping demand, they said.

The analysts made predictions for European oil prices, the world’s benchmark, which sat Wednesday at $86.

They forecast a 9% slide in the second quarter to $78, then a decline to $74 in the third quarter and $70 in the fourth quarter.

Next year should see a descent to $65 in the first quarter, $60 in the second and third, and finally $55 in the fourth, Citi said. That would leave the price 36% below current levels.

U.S. crude prices will trade $4 below European prices from the second quarter this year until the end of 2025, the analysts maintain.

Related: Veteran fund manager picks favorite stocks for 2024

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Disney remote jobs: the most magical WFH careers on earth?

Disney employs hundreds of thousands of employees at its theme parks and elsewhere, but the entertainment giant also offers opportunities for remote w…

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The Walt Disney Co. (DIS)  is a major entertainment and media company that operates amusement parks, produces movies and television shows, airs news and sports programs, and sells Mickey Mouse and Star Wars merchandise at its retail stores across the U.S.

While most of the jobs at the multinational entertainment conglomerate require working with people — such as at its theme parks, film-production facilities, cruise ships, or corporate offices — there are also opportunities for remote work at Disney. And while remote typically means working from home, with Disney, it could also mean working in a non-corporate office and being able to move from one location to another and conduct business outside normal working hours.

Related: Target remote jobs: What type of work and how much does it pay?

What remote jobs are available at Disney?

Many companies, including Disney, have called employees to return to the office for work in the wake of the COVID-19 pandemic, and the bulk of the company’s positions are forward-facing, meaning they involve meeting with clients and customers on a regular basis. 

Still, there are some jobs at the “most magical company on earth” that are listed as remote and don’t require frequent in-person interaction with people, including opportunities in data entry and sales.

While thousands work in forward-facing positions, such as greeting customers at Disney’s theme parks around the world, there are some positions with the Walt Disney Co. that allow work to be done remotely.

Orlando Sentinel/Getty Images

On Disney’s career website, there are limited positions available where the work is completely remote. One listing, for example, is for a “graphics interface coordinator covering sporting events.” This role involves working on nights, weekends, and holidays — times when corporate offices tend to be closed — and it may make sense for the company to hire people who can work from home or to travel and work in a location separate from the game venue.

Some of the senior roles that are shown on the website involve managers who can oversee remote teams, whether that be in sales or data. Sometimes, a supervisor overseeing staff who work outside corporate offices may be responsible for hiring freelancers who work remotely.

On the employment website Indeed, there are limited positions listed. A job listing for a manager in enterprise underwriting for a federal credit union indicates weekend duty, working outside of an 8 a.m. to 5 p.m. schedule, and being able to work in different locations. The listed annual salary range of $84,960 to $132,000, though, is well above the national annual average of around $50,000.

Internationally, Disney offers remote work in India, largely in the field of software development for its India-based streaming platform, Disney+ Hotstar.

The company also offers some hybrid schemes, which involve a mixture of in-office and remote work. For a mid-level animator position based in San Francisco, the role would involve being in the office and working from home occasionally.

How much do remote jobs at Disney pay?

Pay for remote jobs at Disney varies significantly based on location. A salary for a freelance artist in New York City, for example, may be higher than for the same job in Orlando, Florida. 

Disney lists actual salary ranges in some of its job postings. For example, the yearly pay for a California-based compensation manager who works with clients is $129,000 to $165,000.

In an online search for “remote jobs at Disney,” results range from $30 to $39 an hour, for data entry, or $28.50 to $38 an hour for social media customer support.

How can I apply for remote jobs at Disney?

You can look for remote jobs on Disney's career site, and type “remote” in the search field. Listings may also appear on career-data websites, including Indeed and Glassdoor.

How many employees does Disney have?

In 2023, Disney employed about 225,000 people globally, of which around 77% were full-time, 16% part-time, and 7% seasonal. The majority of the workers, around 167,000, were in the U.S.

Disney says that a significant number of its employees, including many of those who work at its theme parks, along with most writers, directors, actors, and production personnel, belong to unions. It’s not immediately known how many remote workers at the company, if any, are union members. 

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The Digest #194

Poor Charlie’s Almanack, Ben Graham, GAAP accounting, John Templeton, AI dystopia, Inflation, Bloomstran on Berkshire, Intuitive Surgical, The lessons…

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Poor Charlie’s Almanack

Poor Charlie’s Almanack: The Essential Wit and Wisdom of Charles T. Munger was first published in 2005 as a “coffee table” style book. It was beautifully presented but came with a high price tag. It was also heavy, somewhat unwieldy to read, and not very portable. The book’s format and price probably limited its reach. 

Stripe Press published a new edition of the book shortly after Mr. Munger died last year at the age of ninety-nine. Amazon and other vendors instantly sold all available inventory. After waiting for three months, I finally received my copy last week. 

Peter Kaufman is the editor of all editions of the book and I suspect that his main goal two decades ago was to honor Charlie Munger’s wisdom in a format that was not expected to “go viral.” In 2005, Charlie Munger was well known in the Berkshire Hathaway shareholder community and in the value investing world, but he was not as prominent as he became during his final decade. The clear purpose of the new edition is to disseminate his ideas as widely as possible. 

The new edition is abridged to reduce repetitive content and I will withhold judgment about the wisdom of this abridgment until I finish reading the book. Since the heart of the book is comprised of speeches given by Charlie Munger, there are definitely cases where the same ideas are presented again and again. 

Great books can be read many times while remaining highly relevant. I found this to be the case when I reread Charlie Munger’s Harvard School commencement address delivered in June 1986 when his youngest son was among the graduates. In the speech, Mr. Munger “inverts” the typical advice delivered in such speeches by explaining how the graduates should go about guaranteeing a life of failure and misery through time-tested strategies such as ingesting drugs and indulging in envy and resentment. 

I am not sure how many graduates were convinced by Charlie Munger on that early summer day, but I suspect that most of them remember the speech because it was so unconventional. In contrast, I have no recollection of the commencement addresses when I graduated from high school or college, or even who the speaker was.


Articles

A Memorial for Charlie Munger by John Harvey Taylor, March 12, 2024. This is a brief account of a recent memorial service for Charlie Munger at Harvard-Westlake School. “We learned Sunday that someone once asked if he knew how to play the piano. ‘I don’t know,’ he said. ‘I’ve never tried.’ Yet he tried and finished so much in his century. Imagine what he is making of eternity.” (Episcopal Diocese of Los Angeles)

Benjamin Graham: Big Moments on the Way to Big Earnings, March 2024. Ben Graham’s granddaughter reflects on the challenges Graham experienced when he applied for college. “Most graduating seniors make their college plans in advance, but Ben Graham had no money for tuition. All through the long days of arduous farm labor, my grandfather dreamed of winning a Pulitzer Scholarship.” (Beyond Ben Graham)

Graham’s “Unpopular Large Caps” Part 2: Thoughts on Diversification by John Huber, March 19, 2024. “I would segment these ideas into two groups: core operating investments and bargain assets. In the former, you want to be very selective in picking a relatively small number of companies you intend to own for the long term. In the latter, you’d want to think like the insurance underwriter, buying as many as you can to ensure that the law of large numbers is on your side.” (Base Hit Investing)

Warren Buffett Minds the GAAP by Donald E. Graham, March 13, 2024. “I have a challenge for the FASB and the SEC: If you believe today’s accounting rules present a clearer picture of Berkshire’s results, put it to a test. Ask Berkshire’s shareholders if they prefer the present method of reporting earnings over the status quo ante. I don’t believe a single informed shareholder would say so. The rule is confusing and uninformative.” (WSJ)

  • Berkshire Hathaway’s Distorted Quarterly Results, August 7, 2022. “Berkshire’s net income figure has been totally useless for analytical purposes since 2018. This is true on an annual basis and even more true on a quarterly basis.” (The Rational Walk)

Sir John Templeton: The Gentleman Bargain Hunter by Kingswell, March 12, 2024. “Templeton, who passed away in 2008, arrived on the investing scene with a series of uber-profitable contrarian bets in the early days of World War II — and continued to outwit Mr. Market with maddening consistency for the next several decades.” (Kingswell)

They Praised AI at SXSW—and the Audience Started Booing by Ted Gioia, March 19, 2024. Many recent innovations seem to have a dystopian aura. Apparently, this sentiment is not restricted to the usual luddites (old men shouting at clouds) but is shared by some of the attendees of SXSW. What seems cool to tech bros in Silicon Valley might not seem so cool to those outside tech culture. (The Honest Broker)

We Still Don’t Believe How Much Things Cost by Rachel Wolfe and Rachel Louise Ensign, March 12, 2024. People tend to focus on the aggregate amount of inflation over the past few years and interpreted transitory to mean that price spikes would reverse. Of course, politicians and economists only meant that the rate of inflation would decrease, not that prices would ever return to pre-pandemic levels. (WSJ)

My 2023 Apple Report Card by John Gruber, March 18, 2024. A solid report card overall from a widely read technology blog. (Daring Fireball)


Podcasts

Christopher Bloomstran on Buffett, Berkshire, Munger, and China, March 19, 2024. 1 hour, 1 minute. Video. Also be sure to check out the latest Semper Augustus client letter which has a lengthy section on Berkshire Hathaway. (Value After Hours)

Renaissance Technologies, March 18, 2024. 3 hours, 10 minutes. Notes“Renaissance Technologies is the best performing investment firm of all time. And yet no one at RenTec would consider themselves an ‘investor’, at least in any traditional sense of the word. It’d rather be more accurate to call them scientists — scientists who’ve discovered a system of math, computers and artificial intelligence that has evolved into the greatest money making machine the world has ever seen.” (Acquired)

Intuitive Surgical: Robotic Precision, March 20, 2024. 1 hour, 6 minutes. Transcript“Intuitive creates robotic products to assist minimally invasive surgeries. Its Da Vinci system is a pioneer in this area as it increases the efficiency & accuracy of surgery and reduces the burden on the surgeons themselves.” (Business Breakdowns)

The Lessons of History (Will & Ariel Durant), March 18, 2023. 53 minutes. Notes“In every age men have been dishonest and governments have been corrupt.” (Founders)

A Classicist Believes that Homer Directly Dictated the Iliad, and Was Also an Excellent Horseman, March 14, 2024. 53 minutes. “The Iliad is the world’s greatest epic poem—heroic battle and divine fate set against the Trojan War. Its beauty and profound bleakness are intensely moving, but great questions remain: Where, how, and when was it composed and why does it endure?” (History Unplugged)


Triumph of Achilles

Triumph of Achilles by Franz von Matsch, 1892 (public domain)

Copyright, Disclosures, and Privacy Information

Nothing in this article constitutes investment advice and all content is subject to the copyright and disclaimer policy of The Rational Walk LLC.  The Rational Walk is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to Amazon.com.

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