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Top Penny Stocks To Watch Under $1 In October 2021

Are these the best penny stocks to watch under $1 heading into October?
The post Top Penny Stocks To Watch Under $1 In October 2021 appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.

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The simple definition of penny stocks refers to those which trade below $5. But there’s an entire subset of companies far below that threshold, “true penny stocks,” as many call them. These are shares of companies trading below $1 and are some of the most volatile in the stock market today. So why “waste time” if they’re so volatile?

One of the biggest reasons for trading penny stocks under $1 is capitalizing on small moves in price. Even a 10-cent move can mean 10% or more from these cheap stocks. Risk and reward is the name of the game, and more times than not, traders look at the ticker symbol before the company. Does that mean all penny stocks under $1 aren’t worth investing in for more than a day?

Not necessarily, and Camber Energy (NYSE:CEI), a company we’ve discussed since mid-August, is a prime example of that. Back on August 20th, shares of CEI stock were trading around $0.33. Within a few days, the stock moved up to $0.55. Now, fast-forward a few more weeks, and it’s trading six times higher thanks to progress made by the company. The technical trade ended up turning into a more fundamental-based one as more investors began looking deeper into the company and not just focusing on its 3-letter stock symbol.

Today we’re looking at 4 penny stocks to watch under $1 right now. Heading into October, will they be on your list of top names?

Penny Stocks Under $1 To Watch

  1. Alpha Esports Tech (OTC:APETF)(CSE:ALPA)
  2. Farmmi Inc. (NASDAQ:FAMI)
  3. Sundial Growers Inc. (NASDAQ:SNDL)
  4. Borr Drilling (NYSE:BORR)

1. Alpha Esports Tech (OTC:APETF)(CSE:ALPA)

Esports has become a hot area in the stock market and within the tech arena. Thanks to the pandemic, at-home “events” like playing video games brought even more attention to an already rapidly advancing industry. There has been a flood of new interest in the industry since 2015. Just slightly more than 800,000 people had heard about it at that time. These numbers soon changed, right now, Newzoo finds that nearly 2 billion people are well aware of the industry itself, with over 660 million making up the active live streaming audience. While the likes of Activision and Electronic Arts are scrambling for market share, pure-play esports companies have already staked a claim in this emerging sector.

Read more: Hot Penny Stocks to Watch In the Last Week of September

Alpha Esports tech is one of these companies. It went public earlier this year and since then Alpha has focused on strategic deals to expand its access to players and build upon its active userbase. Where the real opportunity comes to light is the way Alpha Esports Tech Inc. is monetizing its user base. Its GamerzArena+ product is a subscription-based service allowing members access to higher-paying tournaments along with the ability to access unique and special events.

What To Watch With APETF/ALPA Stock

Alpha has already reported partnerships and & working relationships with top names in sports, entertainment, and education. These include The New Jersey Devils, The Vancouver Whitecaps, Barstool Sports, ESPN Radio, Devil Child, Oxygen Esports, Notre Dame, Syracuse University, and Penn State, to name a few.

This quarter, Alpha also became the Official Online Gaming Portal of Nets Gaming Crew, the NBA 2K League affiliate of the Brooklyn Nets. Spanning the global scale, including India, Brazil, and North America, Alpha is quickly building a solid footing in the market. Led by experienced names from Red Bull, Reel One Entertainment, The Golden State Warriors, Mount Sinai, Victory Square Technologies, Activision, and Atari, Alpha is emerging as one of the esports stocks to watch in 2021.

On top of that, this week began with Alpha’s news that it was now DTC eligible in the US. What does this mean? US shares are eligible to be electronically cleared. This essentially allows the stock to be traded over a much wider selection of brokerage firms. With this increased market access, will it be one of the names on your list of penny stocks to watch in October?

2. Farmmi Inc. (NASDAQ:FAMI)

best penny stocks to watch under $1 Farmmi Inc FAMI stock

Another one of the cheapest penny stocks on this list is Farmmi Inc. Unlike Alpha Esports, the company focuses on retail product sales, particularly mushrooms. We’re not talking about the popular niche involving psychedelics. Farmmi sells consumer-grade mushrooms, supplying its agricultural products to China.

The last few weeks haven’t been great for FAMI stock in the market. That was mainly due to a recent financing deal that saw the company raise $81 million in a public offering. While fresh capital is always significant for growth initiatives or paying down debt, the price it’s done at is what traders focus on. When the funding news came out, FAMI stock traded north of $0.50. However, once details emerged on the specifics of this deal, the market saw Farmmi raised these funds at $0.22, a steep discount to the market.

What To Watch With FAMI Stock

This week the market got a glimpse of that in the company’s latest update. Farmmi won another multi-product sales deal to export to Isreal. This was for its dried whole and sliced Shiitake mushrooms and dried black fungus. The deal came shortly after the company won an order earlier in the month for export to Southwest Asia.

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

Yefang Zhang, Farmmi’s Chairwoman and CEO, commented, “We continue to execute on our business and drive growth at existing and new customers. We are benefitting from robust demand in traditional geographies, including China, while developing new markets, including Israel. At the same time, we are leveraging our strengthened competitive and financial position to lay the groundwork for our future success, as we prioritize building increased value for shareholders.”

FAMI could be one of the penny stocks to watch with new cash and new deals heading into October.

3. Sundial Growers Inc. (NASDAQ:SNDL)

best penny stocks to watch under $1 Sundial Growers SNDL stock

Marijuana stocks are back in the spotlight this month. After multiple quarters of decline, pot stocks have gotten a spark thanks to proposed legislation. In this case, the SAFE Act is in focus, and it could be the key to getting cannabis a step closer to federal legalization. The Secure and Fair Enforcement (SAFE) Banking Act would allow state-licensed marijuana businesses to engage freely in relationships with banks and other financial institutions.

The hook to this latest iteration of the SAFE Act is that it was stuffed into the National Defense Authorization Act. Since the NDAA generally passes and gains approval, hopes are high that SAFE banking will become a reality. With that has come a “green wave” in the stock market, boosting marijuana stocks higher.

As one of the cheapest cannabis stocks on platforms like Robinhood and Webull, Sundial Growers has gained popularity. Despite a massive share structure and constant financings, interest remains attentive in SNDL stock.

What To Watch With SNDL Stock

Aside from the legislative events to track, Sundial has been focused on product expansion. Earlier this month, the company launched the first Canadian “Caviar Cone” under its Top Leaf brand. Andrew Stordeur, President and Chief Operating Officer at Sundial. “In order to compete in this preferred segment of the cannabis industry, product quality is absolutely vital. Top Leaf’s Caviar Cones is the first of many high quality, high THC and flavourful products developed to satisfy even the most experienced cannabis user.” 

With attention on marijuana stocks thanks to SAFE Banking’s potential, companies like Sundial have come back into focus. The biggest question is should SNDL stock be one of the names on your watch list in October?

4. Borr Drilling (NYSE:BORR)

best penny stocks to watch under $1 Borr Drilling BORR stock

Energy stocks are charging up the stock market this week. Borr Drilling is one of the names we’ve discussed plenty of times over the last few weeks. With daily trading volumes also picking up, BORR stock has been hard to ignore for traders looking for cheap energy stocks to watch.

Where does Borr fall into the mix of energy stocks right now? The company provides drilling services to the oil and gas exploration and production industry. It operates and owns jack-up rigs used by its customers.

What To Watch With BORR Stock

Growth has been a big focus for the company. For example, its recently reported second-quarter results showed that Borr increased its revenues by 13% over the first quarter. It also realized a boost in its adjusted EBITDA. Dealmaking activity has also been pushed forward. This came initially with selling one of its JV’s and entering into multiple LOA/LOIs for two rigs in West Africa. As of the end of August, Borr was awarded 28 new contracts, extensions, exercised options, and LOA/LOIs. According to the company, this represents over 6,300 days of potential backlog and $542 million in revenues, excluding unexercised optional periods.

Read more: Making a Penny Stocks Watch List in October? Check These 3 Out

With added attention on energy stocks right now, BORR has become one of the lower-priced companies to watch.

Best Penny Stocks To Watch Right Now

Are the cheapest stocks the best penny stocks to watch right now? That’s a question for you to answer on your own. What we can see, however, is that of the names mentioned in this article, many have seen more significant moves in the market lately. A mix of industry momentum and company news have factored into the equation. On top of that, retail traders looking for cheap stocks to add to their watch lists may have also found some exciting things to follow with some of these companies. Heading into October, will any of these be on your list of penny stocks to watch?

under $3 penny stocks to watch

Pursuant to an agreement between Midam Ventures LLC and Alpha Tech INC Midam has been paid $300,000 for a period from February 12, 2021, to April 2, 2021. We may buy or sell additional shares of Alpha Tech INC in the open market at any time, including before, during, or after the Website and Information, to provide public dissemination of favorable Information about Alpha Tech INC. Now extended from 6/30/2021 to October 29, 2021 & no additional compensation of any kind has been received by MIDAM. Click Here For Full Disclaimer.

The post Top Penny Stocks To Watch Under $1 In October 2021 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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