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Top Penny Stocks Today? 3 Cheap Stocks to Watch

Penny stocks are in focus once again as the hype around Doge Coin ramps up
The post Top Penny Stocks Today? 3 Cheap Stocks to Watch appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.

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3 years ago

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Penny Stocks Are in Focus as the Doge Coin Hype Ramps Up 

Penny stocks are assets that have remained popular over the past few years. With cryptocurrencies like Doge Coin shooting up in value, investors are constantly searching for the best penny stocks to buy. Now, you might be wondering, what do penny stocks have to do with cryptocurrency? And the short answer is that at first, it might not seem like they correlate. 

However, the fact that they both tend to be cheap (with the exception of Bitcoin and certain others), means that investors often view them in tandem with one another. It’s important to consider that penny stocks and cryptocurrency do not always rise alongside one another. However, when investors see cheap cryptocurrencies reach new all-time highs, they often will search for stocks that could do the same. So while they may not be in the same asset class, the two often share a similar intent from investors. 

Considering this, there are plenty of penny stocks to watch right now. But just like crypto, investors need to do the proper research before pressing ‘buy’. This means knowing what factors will affect a company in the time frame that you wish to invest in.

[Read More] 3 Penny Stocks To Buy According To Analysts; 100%-290% Price Targets 

Additionally, you should know the fundamentals of a company such as its outstanding debt, revenue, net income, and the other factors outlined in its balance sheet. Considering these aspects, it can be much easier to find penny stocks to watch. With this in mind, here are three top penny stocks to check out today.

3 Penny Stocks to Watch Right Now 

Ambow Education Holding Ltd. (NYSEAMERICAN: AMBO) 

As far as ed-tech penny stocks go, Ambow Education could be an interesting choice. For some context, it works as a national provider of education and career services in China. This includes offering high-quality services and products used in individualized learning. It has a large network of regional service hubs that work in tandem with its proprietary learning software. In China, Ambow provides its services to 15 out of the total 34 provinces. Big news dropped early on April 19th when the company announced an expansion of its partnership with Amazon (NASDAQ: AMZN) to provide artificial intelligence training for teachers. In detail, this partnership will allow for ongoing collaboration between the two companies. 

Since 2018, Ambow has worked with Amazon Web Services to design in-depth training services that focus on AI. The pair will work with Ambow’s recently released streaming courses to help improve the educational services that teachers can offer to their students. 

Dr. Jin Huang, CEO of Ambow, stated that “further cooperation with Amazon is a great testament to our strong capabilities in providing high-quality education and training. Leveraging our industry-leading AI Panorama Digital Teaching System, we will regularly launch AI training courses and host various events for new skills, shared experience and project research.”

Huang went on to state that “In collaboration with influential enterprises, we are committed to delivering effective education services that will closely integrate talent training and industry development in the AI space.” Considering this exciting update, it looks like Ambow could see heightened attention in the coming weeks. Whether this makes it a penny stock to watch is up to you. 

Penny_Stocks_to_Watch_Ambow Education Holding Ltd. (AMBO Stock Chart)

Digital Ally Inc. (NASDAQ: DGLY) 

We’ve written about DGLY stock quite a few times in the past couple of months. However, on April 19th, Digital Ally is once again seeing solid momentum. While there isn’t any company-specific news that came out during the day, there could be some outside factors affecting its share price. To help understand this, let’s take a closer look at DGLY stock. 

Digital Ally designs and manufactures high-quality video recording products and analytics software. Its products such as the EVO-HD in-car system and FirstVu body camera, are used across several markets such as policing, fleet safety, and event security. 

Recently, it has also entered into the critical safety product market with the launch of its Shield Health Protection Products. This includes disinfectants, non-contact thermometers, electrostatic sprayers, and personal protective equipment or PPE. This product line is used in the fight against Covid-19 in both large and small-scale events.

[Read More] Hot Penny Stocks To Buy Next Week? 3 Tech Stocks For Your Watch List 

A few weeks ago, the company announced several large domestic and international orders for its body-worn and in-car camera systems. This includes orders from those such as the Royal Barbados Police Force among others. Stan Ross, CEO of Digital Ally stated that “recently, we have seen multiple events that display the importance of body cameras with auto-activation technology. The EVO-HD comes standard with our patented auto-activation technology build into the unit, which simultaneously connects and activates a recording of the in-car cameras and body camera when triggered by multiple sensors.” 

If we look at the policing atmosphere in the U.S. right now, several events are leading to heightened demand for Digital Ally’s products. This includes riots which have created demand from law enforcement for body cameras. Also, the public demand for these products is high as police officers need to be held accountable for their actions. Considering this, Digital Ally looks like it could continue to be a valuable player in the stock market. With these factors in mind, is DGLY a penny stock to watch?

Penny_Stocks_to_Watch_Digital Ally Inc. (DGLY Stock Chart)

Celsion Corp. (NASDAQ: CLSN) 

Moving away from the more pure-play tech penny stocks mentioned above, Celsion Corp. works in the biotechnology industry. It creates innovative cancer treatments such as immunotherapies and DNA-based treatments. Celsion is also working on the development of nucleic acid vaccines that are focused on preventing Covid-19 infection among others. Because of this, CLSN stock has seen more attention this year than in many years prior. 

In its pipeline are products such as GEN-1, which is a DNA-based immunotherapy that allows for the localized treatment of ovarian cancer. Additionally, it offers ThermoDox which is a heat-activated liposomal capsule containing doxorubicin. This medicine has potential indications for treating a variety of cancer types. 

A few weeks ago, Celsion announced the closing of a $15 million registered direct offering. This offering, worth around 11.53 million shares sold at $1.30 per share, will help with both general corporate needs and R&D activities. 

In addition, only a few days before this, the company announced that GEN-1 showed a 41% improvement in patients through its Ovation 2 study. This is highly encouraging for those suffering from ovarian cancer as well as the company and investors. 

[Read More] Penny Stocks To Watch With Cryptocurrency in Focus

With any biotech penny stock, we have to consider trials as well as its financials. So looking at this large fundraising deal and its high-efficacy compounds, Celsion looks like it could have a lot to offer. Moving forward, investors should pay attention to any news that comes out regarding the company and its pipeline.  

Penny_Stocks_to_Watch_Celsion Corp. (CLSN Stock Chart)

The post Top Penny Stocks Today? 3 Cheap Stocks to Watch appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.

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There Goes The Fed’s Inflation Target: Goldman Sees Terminal Rate 100bps Higher At 3.5%

There Goes The Fed’s Inflation Target: Goldman Sees Terminal Rate 100bps Higher At 3.5%

Two years ago, we first said that it’s only a matter…

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2 hours ago

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March 19, 2024

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There Goes The Fed's Inflation Target: Goldman Sees Terminal Rate 100bps Higher At 3.5%

Two years ago, we first said that it's only a matter of time before the Fed admits it is unable to rsolve the so-called "last mile" of inflation and that as a result, the old inflation target of 2% is no longer viable.

Then one year ago, we correctly said that while everyone was paying attention elsewhere, the inflation target had already been hiked to 2.8%... on the way to even more increases.

And while the Fed still pretends it can one day lower inflation to 2% even as it prepares to cut rates as soon as June, moments ago Goldman published a note from its economics team which had to balls to finally call a spade a spade, and concluded that - as party of the Fed's next big debate, i.e., rethinking the Neutral rate - both the neutral and terminal rate, a polite euphemism for the inflation target, are much higher than conventional wisdom believes, and that as a result Goldman is "penciling in a terminal rate of 3.25-3.5% this cycle, 100bp above the peak reached last cycle."

There is more in the full Goldman note, but below we excerpt the key fragments:

We argued last cycle that the long-run neutral rate was not as low as widely thought, perhaps closer to 3-3.5% in nominal terms than to 2-2.5%. We have also argued this cycle that the short-run neutral rate could be higher still because the fiscal deficit is much larger than usual—in fact, estimates of the elasticity of the neutral rate to the deficit suggest that the wider deficit might boost the short-term neutral rate by 1-1.5%. Fed economists have also offered another reason why the short-term neutral rate might be elevated, namely that broad financial conditions have not tightened commensurately with the rise in the funds rate, limiting transmission to the economy.

Over the coming year, Fed officials are likely to debate whether the neutral rate is still as low as they assumed last cycle and as the dot plot implies....

...Translation: raising the neutral rate estimate is also the first step to admitting that the traditional 2% inflation target is higher than previously expected. And once the Fed officially crosses that particular Rubicon, all bets are off.

... Their thinking is likely to be influenced by distant forward market rates, which have risen 1-2pp since the pre-pandemic years to about 4%; by model-based estimates of neutral, whose earlier real-time values have been revised up by roughly 0.5pp on average to about 3.5% nominal and whose latest values are little changed; and by their perception of how well the economy is performing at the current level of the funds rate.

The bank's conclusion:

We expect Fed officials to raise their estimates of neutral over time both by raising their long-run neutral rate dots somewhat and by concluding that short-run neutral is currently higher than long-run neutral. While we are fairly confident that Fed officials will not be comfortable leaving the funds rate above 5% indefinitely once inflation approaches 2% and that they will not go all the way back to 2.5% purely in the name of normalization, we are quite uncertain about where in between they will ultimately land.

Because the economy is not sensitive enough to small changes in the funds rate to make it glaringly obvious when neutral has been reached, the terminal or equilibrium rate where the FOMC decides to leave the funds rate is partly a matter of the true neutral rate and partly a matter of the perceived neutral rate. For now, we are penciling in a terminal rate of 3.25-3.5% this cycle, 100bps above the peak reached last cycle. This reflects both our view that neutral is higher than Fed officials think and our expectation that their thinking will evolve.

Not that this should come as a surprise: as a reminder, with the US now $35.5 trillion in debt and rising by $1 trillion every 100 days, we are fast approaching the Minsky Moment, which means the US has just a handful of options left: losing the reserve currency status, QEing the deficit and every new dollar in debt, or - the only viable alternative - inflating it all away. The only question we had before is when do "serious" economists make the same admission.

They now have.

And while we have discussed the staggering consequences of raising the inflation target by just 1% from 2% to 3% on everything from markets, to economic growth (instead of doubling every 35 years at 2% inflation target, prices would double every 23 years at 3%), and social cohesion, we will soon rerun the analysis again as the implications are profound. For now all you need to know is that with the US about to implicitly hit the overdrive of dollar devaluation, anything that is non-fiat will be much more preferable over fiat alternatives.

Much more in the full Goldman note available to pro subs in the usual place.

Tyler Durden Tue, 03/19/2024 - 15:45

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Household Net Interest Income Falls As Rates Spike

A Bloomberg article from this morning offered an excellent array of charts detailing the shifts in interest payment flows amid rising rates. The historical…

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2 hours ago

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March 19, 2024

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A Bloomberg article from this morning offered an excellent array of charts detailing the shifts in interest payment flows amid rising rates. The historical anomaly was both surprising and contradicted our priors.

10 Key Points:

  1. Historical Anomaly: This is the first time in the last fifty years that a Federal Reserve rate hike cycle has led to a significant drop in household net interest income.
  2. Interest Expense Increase: Since the Fed began raising rates in March 2022, Americans’ annual interest expenses on debts like mortgages and credit cards have surged by nearly $420 billion.
  3. Interest Income Lag: The increase in interest income during the same period was only about $280 billion, resulting in a net decline in household interest income, a departure from past trends.
  4. Consumer Debt Influence: The recent rate hikes impacted household finances more because of a higher proportion of consumer credit, which adjusts more quickly to rate changes, increasing interest costs.
  5. Banks and Savers: Banks have been slow to pass on higher interest rates to depositors, and the prolonged period of low rates before 2022 may have discouraged savers from actively seeking better returns.
  6. Shift in Wealth: There’s been a shift from interest-bearing assets to stocks, with dividends surpassing interest payments as a source of unearned income during the pandemic.
  7. Distributional Discrepancy: Higher interest rates benefit wealthier individuals who own interest-earning assets, whereas lower-income earners face the brunt of increased debt servicing costs, exacerbating economic inequality.
  8. Job Market Impact: Typically, Fed rate hikes affect households through the job market, as businesses cut costs, potentially leading to layoffs or wage suppression, though this hasn’t occurred yet in the current cycle.
  9. Economic Impact: The distribution of interest income and debt servicing means that rate increases transfer money from those more likely to spend (and thus stimulate the economy) to those less likely to increase consumption, potentially dampening economic activity.
  10. No Immediate Relief: Expectations for the Fed to reduce rates have diminished, indicating that high-interest expenses for households may persist.

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One more airline cracks down on lounge crowding in a way you won’t like

Qantas Airways is increasing the price of accessing its network of lounges by as much as 17%.

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2 hours ago

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March 19, 2024

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Over the last two years, multiple airlines have dealt with crowding in their lounges. While they are designed as a luxury experience for a small subset of travelers, high numbers of people taking a trip post-pandemic as well as the different ways they are able to gain access through status or certain credit cards made it difficult for some airlines to keep up with keeping foods stocked, common areas clean and having enough staff to serve bar drinks at the rate that customers expect them.

In the fall of 2023, Delta Air Lines  (DAL)  caught serious traveler outcry after announcing that it was cracking down on crowding by raising how much one needs to spend for lounge access and limiting the number of times one can enter those lounges.

Related: Competitors pushed Delta to backtrack on its lounge and loyalty program changes

Some airlines saw the outcry with Delta as their chance to reassure customers that they would not raise their fees while others waited for the storm to pass to quietly implement their own increases.

A photograph captures a Qantas Airways lounge in Sydney, Australia.

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This is how much more you'll have to pay for Qantas lounge access

Australia's flagship carrier Qantas Airways  (QUBSF)  is the latest airline to announce that it would raise the cost accessing the 24 lounges across the country as well as the 600 international lounges available at airports across the world through partner airlines.

More Travel:

Unlike other airlines which grant access primarily after reaching frequent flyer status, Qantas also sells it through a membership — starting from April 18, 2024, prices will rise from $600 Australian dollars ($392 USD)  to $699 AUD ($456 USD) for one year, $1,100 ($718 USD) to $1,299 ($848 USD) for two years and $2,000 AUD ($1,304) to lock in the rate for four years.

Those signing up for lounge access for the first time also currently pay a joining fee of $99 AUD ($65 USD) that will rise to $129 AUD ($85 USD).

The airline also allows customers to purchase their membership with Qantas Points they collect through frequent travel; the membership fees are also being raised by the equivalent amount in points in what adds up to as much as 17% — from 308,000 to 399,900 to lock in access for four years.

Airline says hikes will 'cover cost increases passed on from suppliers'

"This is the first time the Qantas Club membership fees have increased in seven years and will help cover cost increases passed on from a range of suppliers over that time," a Qantas spokesperson confirmed to Simple Flying. "This follows a reduction in the membership fees for several years during the pandemic."

The spokesperson said the gains from the increases will go both towards making up for inflation-related costs and keeping existing lounges looking modern by updating features like furniture and décor.

While the price increases also do not apply for those who earned lounge access through frequent flyer status or change what it takes to earn that status, Qantas is also introducing even steeper increases for those renewing a membership or adding additional features such as spouse and partner memberships.

In some cases, the cost of these features will nearly double from what members are paying now.

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