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Trading Penny Stocks? Top Stock Market News For January 20th, 2022

What you need to know about trading penny stocks on January 20th
The post Trading Penny Stocks? Top Stock Market News For January 20th, 2022 appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.

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Trading Penny Stocks Today? Here’s What You Need to Know 

As morning trading gets off to a solid start for penny stocks and blue chips, there are quite a few things that investors need to know today. Recently, the Dow and S&P 500 were down by around 5% from the record highs they had hit earlier in January.

And, the majority of this is based on uncertainty surrounding the future as it pertains to the pandemic, the U.S. economy, and other factors. For that reason, let’s talk about what you need to know about trading penny stocks today. 

What to Know About Trading Penny Stocks 

Right now, we’re in the middle of earnings season with several major tech stocks in focus. Additionally, a few travel stocks such as American Airlines (NASDAQ: AAL) and United Airlines (NASDAQ: UAL), both reported better than expected results, while albeit, still pulling in losses. 

[Read More] 3 Penny Stocks Under $1 For You List This Week

On the political side, President Biden has stated that Russian President, Vladimir Putin may order an invasion for Ukraine. He has stated that there will be a “disaster” for Russia if that occurs. He specifically stated that “It’s one thing if it’s a minor incursion and we end up having to fight about what to do and not do. But if they actually do what they’re capable of doing with the forces amassed on the border, it is going to be a disaster for Russia if they further invade Ukraine.” 

Because penny stocks are reactive, events both political and economic, are crucial for investors to consider. And while this may not have an immediate effect on certain penny stocks, it will affect the stock market as a whole. So, with all of this in mind, let’s take a look at three penny stocks that are climbing in morning trading. 

3 Penny Stocks That Are Climbing Today 

  1. Aptorum Group Ltd. (NASDAQ: APM
  2. TDH Holdings Inc. (NASDAQ: PETZ
  3. DatChat Inc. (NASDAQ: DATS

Aptorum Group Ltd. (NASDAQ: APM) 

One of the largest gainers today by morning trading is APM stock. By 10 AM EST, shares of APM had climbed by over 40% to more than $1.70 per share. While many large gains occur without news, APM made an exciting announcement during premarket trading today. The company stated that it has received Orphan Drug Designation for its compound known as SACT-1. This is a repurposed drug for the treatment of neuroblastoma. Now, the company plans to submit an IND or Investigational New Drug Application so that it can begin Phase 1b/2a trials. 

“The granting of orphan drug designation for SACT-1 for the treatment of neuroblastoma is another important step forward in the development of our drug candidate and reflects both the FDA’s and Aptorum’s commitment to addressing the unmet clinical needs of patients with neuroblastoma.” 

The President and Executive Director of Aptorum Group, Mr. Darren Lui

As is always the case, news regarding the FDA is major for biotech stocks. It can and will likely have a material effect on how they trade as we witnessed today. So, keeping this in mind, will APM be on your list of penny stocks to watch?

TDH Holdings Group Inc. (NASDAQ: PETZ) 

PETZ is a penny stock that we have covered numerous times in the past few months. And with a more than 18% gain in morning trading on January 20th, it is once again in the news. Now, in the past month, shares of PETZ stock have dropped by an extremely significant, 89%. 

[Read More] Best Penny Stocks to Buy Right Now? Check These 3 Out As January Ends

So whether today’s bounce is simply a correction following it hitting a 52-week low yesterday, remains to be seen. But, we do know that there is no company-specific news that is causing this gain. Regardless, we can take a look at its most recent announcement, which is its first half 2021 financial results reported in mid-December. For some context, PETZ is a provider of pet food in China and in other nations globally.

In the results, TDH Holdings posted a 52% drop in revenue over the previous year. The company states that this is due to the suspension of its e-commerce business as well as loan repayments and Covid-19. So, while this is disheartening, many investors are interested in the company at its current low price. Whether this makes it worth adding to your penny stocks watchlist however, is up to you. 

Penny_Stocks_to_Watch_TDH

DatChat Inc. (NASDAQ: DATS) 

Another penny stock that is moving significantly right now is DATS stock. By morning trading, shares of DATS had pushed up by over 23% to $3.69 per share. The main reason behind this comes as the company announced its entering into a Letter of Intent to acquire Avila Security Corporation. 

This includes Avila’s large portfolio of Web 3.0 products such as blockchain messaging, secure audio and video streaming, and much more. The deal is worth $1 million in cash and either 739,650 shares of restricted common stock or $2.5 million of restricted common stock of DatChat (whichever is greater). 

“The proposed acquisition of the intellectual property will further position our significant competitive advantage that we believe will govern key aspects of the Web 3.0 and Metaverse infrastructure. From this, we believe that we will be able to leverage new revenue opportunities from both the licensing and development of this technology.” 

The CEO of DatChat, Darin Myman

This is very exciting news, especially considering the recent bullish moves made in the blockchain and Metaverse space. So, do you think that DATS stock is worth buying right now or not?

Penny_Stocks_to_Watch_DatChat

Are Penny Stocks Worth Buying in January 2022?

Finding the best penny stocks to buy in 2022 can be difficult. But, with the right information and a commitment to learning how to trade penny stocks, it can be much easier than previously imagined. Considering that there are so many factors affecting penny stocks right now, it all comes down to knowing how to use these events as an advantage. 

[Read More] 4 Penny Stocks To Buy For Under $4 Right Now

With the pandemic, inflation, the U.S. economy, and political events occurring, there is a lot to keep track of. But, the first step is starting with research and understanding who you are as a trader. With all of this in mind, do you think that penny stocks are worth buying in January 2022?


If you enjoyed this article and you’re interested in learning how to trade so you can have the best chance to profit consistently then you need to checkout this YouTube channel. CLICK HERE RIGHT NOW!


The post Trading Penny Stocks? Top Stock Market News For January 20th, 2022 appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.

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Economics

5 Top Consumer Stocks To Watch Right Now

Are these consumer stocks a buy amid the earnings season?
The post 5 Top Consumer Stocks To Watch Right Now appeared first on Stock Market News, Quotes,…

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5 Trending Consumer Stocks To Watch In The Stock Market Now         

As we tread through the earnings season, consumer stocks could be worth watching in the stock market this week. This would be the case since a number of big consumer names such as Costco (NASDAQ: COST) and Macy’s (NYSE: M) will be posting their financials for the quarter. As such, investors will be keeping an eye on these reports for clues on the strength of consumer spending amid this period of high inflation.

However, despite the soaring prices across the economy, it seems that consumers are surprisingly showing resilience. According to the Commerce Department, retail sales in April outpaced inflation for a fourth straight month. This could suggest that consumers as a whole were not only sustaining their spending, but spending more even after adjusting for inflation. Ultimately, it could be a reassuring sign that consumers are still supporting the economy and helping to diminish the narrative of an incoming recession. With that being said, here are five consumer stocks to check out in the stock market today.

Consumer Stocks To Buy [Or Sell] Right Now

Nordstrom

retail stocks (JWN stock)

Starting off our list of consumer stocks today is Nordstrom. For the most part, it is a fashion retailer of full-line luxury apparel, footwear, accessories, and cosmetics among others. The company operates through multiple retail channels, boutiques, and online as well. As it stands, Nordstrom operates around 100 stores in 32 states in the U.S. and three Canadian provinces.

Yesterday, the company reported its financials for the first quarter of 2022. Starting with revenue, Nordstrom pulled in net sales worth $3.47 million for the quarter. This marks an increase of 18.7% from the same quarter last year. Its Nordstrom banner saw net sales rise by 23.5% year-over-year, exceeding pre-pandemic levels. Next to that, its Nordstrom Rack banner saw a 10.3% increase in net sales from last year. Besides, net earnings were $20 million, with earnings per share of $0.13 for the quarter. Considering Nordstrom’s solid quarter, should you invest in JWN stock?

[Read More] Best Stocks To Invest In Right Now? 5 Value Stocks To Watch This Week

The Wendy’s Company

best consumer stocks (WEN stock)

Next up, we have The Wendy’s Company. For the most part, it is the holding company for the major fast-food chain, Wendy’s. Being one of the world’s largest hamburger fast-food chains, the company boasts over 6,500 restaurants in the U.S. and 29 other countries. The chain is known for its square hamburgers, sea salt fries, and the Frosty, a form of soft-serve ice cream mixed with starches. WEN stock is rising by over 8% on today’s opening bell.

According to an SEC filing, Wendy’s largest shareholder, Trian Partners, is looking into making a potential deal with the company. Trian said that it is considering a deal to “enhance shareholder value.” Also, the firm adds that this could lead to an acquisition or business combination. In response, Wendy’s stated that it is constantly reviewing strategic priorities and opportunities. It added that the company’s board will carefully review any proposal from Trian. Given this piece of news, will you be watching WEN stock?

[Read More] 4 Semiconductor Stocks To Watch In The Stock Market Today

Foot Locker

FL stock

Another stock investors could be watching is the shoes and apparel company, Foot Locker. In brief, the company uses its omnichannel capabilities to bridge the digital world and physical stores. As such, it provides buy online and pickup-in-store services, order-in-store, as well as the growing trend of e-commerce. Some of its most notable brands include Eastbay, Footaction, Foot Locker, Champs Sports, and Sidestep. Last week, the company reported its results for the first quarter of the year.

For starters, total sales came in at $2.175 billion, a slight uptick compared to sales of $2.153 billion in the year prior. Next to that, Foot Locker reported a net income of $133 million. Accordingly, adjusted earnings per share came in at $1.60, beating Wall Street’s expectations of $1.54. CEO Richard Johnson added, “Our progress in broadening and enriching our assortment continues to meet our customers’ demand for choice. These efforts helped drive our strong results in the first quarter, which will allow us to more fully participate in the robust growth of our category going forward.”  As such, is FL stock one to add to your watchlist? 

Tyson Foods 

TSN stock

Tyson Foods is a company that built its name on providing families with wholesome and great-tasting protein products. Its segments include Beef, Pork, Chicken, and Prepared Foods. With some of the fastest-growing portfolio of protein-centric brands, it should not be surprising that TSN stock often comes to mind when investors are looking for the best consumer stocks to buy. 

Earlier this month, Tyson Foods provided its fiscal second-quarter financial update. The company’s total sales for the quarter were $13.1 billion, representing an increase of 15.9% compared to the prior year’s quarter. Meanwhile, its GAAP earnings per share climbed to $2.28, up 75% year-over-year. According to Tyson, these financial figures are a reflection of the increasing consumer demand for its brands and products. To top it off, the company was also able to reduce its total debt by approximately $1 billion. Thus, does TSN stock have a spot on your watchlist?

[Read More] Stock Market Today: Dow Jones, S&P 500 Rise, Wendy’s Stock Gains On Potential Deal

DoorDash

food delivery stocks (DASH Stock)

DoorDash is a consumer company that operates an online food ordering and delivery platform. In fact, it is one of the largest delivery companies in the U.S. and enjoys a huge market share. The company connects hundreds of thousands of merchants to over 25 million consumers in the U.S., Canada, Australia, and Japan through its local logistics platform. Accordingly, its platform allows local businesses to thrive in today’s “convenience economy,” as the company puts it.

On May 5, the company reported its first-quarter financials for 2022. Diving in, it posted a revenue of $1.5 billion, growing by 35% year-over-year. This was driven by total orders that grew by 23% year-over-year to $404 million. Along with that, it reported a GAAP gross profit of $662 million, an increase of 34% year-over-year. The company said that it added more consumers than any quarter since Q1 2021, due in part to the growth of its DashPass members. The growth in Monthly Active Users and average order frequency has helped it gain share in the U.S. Food Delivery category this quarter as well. Given DoorDash’s performance for the quarter, should you watch DASH stock?

If you enjoyed this article and you’re interested in learning how to trade so you can have the best chance to profit consistently then you need to checkout this YouTube channel. CLICK HERE RIGHT NOW!!

The post 5 Top Consumer Stocks To Watch Right Now appeared first on Stock Market News, Quotes, Charts and Financial Information | StockMarket.com.

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Economics

Finding Shelter in an Inverse ETF

As the old saying goes, “What goes up must come down.” Indeed, up until the recent selling wave caused by Russia’s war against Ukraine and the continued…

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As the old saying goes, “What goes up must come down.”

Indeed, up until the recent selling wave caused by Russia’s war against Ukraine and the continued effects of supply chain disruptions amid the COVID-19 pandemic, tech stocks, including semiconductors, were the darlings of the investment world. That is, it seemed as if the sky-high valuations of some tech stocks were sustainable in an atmosphere of seemingly perpetual growth.

That, of course, was not the case, and the too-good-to-be-true valuations were quickly brought down to earth by the forces of inflation and tight monetary policy. As a result, the tech-heavy Nasdaq entered a free-fall that has not yet found a bottom.

At the same time, that does not mean that we should abandon the sector as a lost cause. One such way to play the sector during its downhill slide is the exchange-traded fund (ETF) Direxion Daily Semiconductor Bear 3X Shares (NYSEARCA: SOXS).

As its title suggests, this is an inverse ETF, meaning that it is built to go up in value when its parent index goes down. Specifically, SOXS provides three times leveraged inverse exposure to a modified market-cap-weighted index of semiconductor companies that trade in American markets by using swap agreements, futures contracts and short positions.

While the index’s holdings are weighted by market capitalization, the fund’s managers cap the weights of the top five securities in the portfolio at 8% each. The weight of the remaining securities is capped at 4% each.

As of May 24, SOXS has been up 0.37% over the past month and up 24.73% for the past three months. It is currently up 60.47% year to date.

Chart courtesy of www.stockcharts.com

The fund has amassed $258.15 million in assets under management and has an expense ratio of 1.01%.

In short, while SOXS does provide an investor with a way to invest in an inverse ETF, this kind of ETF may not be appropriate for all portfolios. Thus, interested investors always should conduct their due diligence and decide whether the fund is suitable for their investing goals.

As always, I am happy to answer any of your questions about ETFs, so do not hesitate to send me an email. You just may see your question answered in a future ETF Talk.

The post Finding Shelter in an Inverse ETF appeared first on Stock Investor.

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Will Albertsons outperform due to its high return on equity for low beta?

Albertsons Companies Inc. (NYSE:ACI) is trading at $29. The stock has risen 81.25% from the IPO in the last quarter of 2020. In the two years since going…

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Albertsons Companies Inc. (NYSE:ACI) is trading at $29. The stock has risen 81.25% from the IPO in the last quarter of 2020. In the two years since going public, Albertsons Companies paid dividends each quarter. The annual dividend currently stands at $0.48, with a yield of 1.64%.

Albertsons is rated high on both value and growth. The company’s heritage has been built over the years since its founding in 1939. Today, the company is the second-largest traditional grocer in the US.

The company went public during a pandemic to fund new growth opportunities. However, it faces the headwinds of inflation and bear markets. Despite pressures, Albertsons will be among the few stocks that will outperform the market.

The ROE stands at 74.48%. This is a fundamental strength that should make investors troop to Albertsons. The EPS is at $2.8 and growing at more than 6.13%. At the valuation of $29, the PE is just about 10. All this for a beta of only 0.3, indicating a low risk.

Albertsons has support at $26.80 and resistance at $36.75

Source – TradingView

Albertsons has support at $26.80. This week, the stock has been bullish, having gained 7.82%. It is among a handful of stocks that have been braving the bear markets. This analysis projects that the stock will face some resistance at $36.75. However, it would break out at the next earnings release on July 28. If an investor were to take a position today, there is the likelihood of enjoying significant gains by the next earnings call.

Summary

Albertsons is an attractive value and growth stock. The share is trading at $29 with a price target of $36 by the end of July. Albertsons is also emerging as an attractive dividend stock.

The post Will Albertsons outperform due to its high return on equity for low beta? appeared first on Invezz.

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