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Trending Penny Stocks to Buy Now? 5 to Watch This Week

Which trending penny stocks are on your watchlist right now?
The post Trending Penny Stocks to Buy Now? 5 to Watch This Week appeared first on Penny Stocks to Buy, Picks, News and Information |



5 Trending Penny Stocks to Add to Your Watchlist Right Now 

After a volatile and exciting week of trading penny stocks, investors show bullish sentiment in the stock market. Last week, we witnessed record highs with the S&P 500 and Bitcoin, both illustrating just how much positivity there is in the stock market right now. 

But, we are also experiencing an unprecedented level of volatility that has led to large intraday swings in both directions. You’ve also got external factors like extremely bullish buying spikes moves in small-cap stocks like newly-dubbed “Trump Stock,” Digital World Acquisition Corp. (NASDAQ:DWAC). This 1,000+% move last week ultimately woke up the broader small-cap space and we saw countless penny stocks surging into the close of the week. Looking ahead we can monitor what else is going on in the world to understand where the opportunity might be heading into the final week of October. 

For example, after Bitcoin hit a record high of over $67000 on platforms like Robinhood, we witnessed many crypto and blockchain penny stocks climb substantially in value. This is a more obvious example and a perfect display of cause and effect.

Read more: 6 Best Penny Stocks To Watch As Bitcoin Price Hits All-Time High

With penny stocks, we tend to see speculation play a more prominent role than with blue chips. This is due to their low price, high volatility, and willingness to shift in price. But, this means that investors need to stay as up-to-date as possible on everything going on with the stocks they’re interested in. 

In addition to looking at company-specific news, traders need to understand what is occurring in the industry at large. All of this will provide traders with a solid backbone on which they can invest. Considering all of this, let’s take a look at five trending penny stocks to add to your watchlist right now. 

Trending Penny Stocks To Buy [or avoid] 

  1. Kosmos Energy Ltd. (NYSE: KOS)
  2. Cyclerion Therapeutics Inc. (NASDAQ: CYCN)
  3. Gaotu Techedu Inc. (NYSE: GOTU)
  4. Color Star Technology Co., Ltd. (NASDAQ:CSCW)
  5. Inpixon (NASDAQ:INPX)

Kosmos Energy Ltd. (NYSE: KOS)

Kosmos Energy Ltd. is an oil and gas company focused on deepwater exploration. The company actively searches along the Atlantic Margins in places like offshore Ghana, Equatorial Guinea, and the U.S. Gulf of Mexico. Kosmos also owns a gas development offshore property in Mauritania and Senegal. In addition to all of this, Kosmos has a proven basin exploration program that is currently operational.

[Read More] Penny Stocks To Buy Today? 3 To Watch After Trump Media DWAC Jumps

On October 13th, the company acquired an additional 18% interest in the Jubilee field and an additional 11% interest in the TEN fields in Ghana from Occidental Petroleum. The total purchase price of the other interests was $550 million. These acquired assets significantly enhance Kosmos’ five-year plan. The company expects these additional Ghana interests to generate about $1 billion of incremental free cash flow by the end of 2026.

“This is a compelling transaction for Kosmos that accelerates our strategic delivery and is expected to provide long-term sustainable cash flow from fields where we have a deep understanding of the value and future upside.”

CEO and Chairman of Kosmos, Andrew G. Inglis

Since this announcement was made, KOS stock has gone up substantially in the market. Its volume is also higher than its average over the past few trading days. Keeping this in mind, will KOS be on your list of penny stocks to watch?

Cyclerion Therapeutics Inc. (NASDAQ: CYCN)

Cyclerion Therapeutics Inc. is a biotech penny stock that has been climbing in several recent trading sessions. This company creates medicines for serious central nervous system diseases. Cyclerion is involved in the discovery, development, and commercialization of these products. One of its products is CY6463 which is in Phase 2 trials to treat mitochondrial encephalomyopathy, stroke-like episodes, and more.

[Read More] 4 Hot Penny Stocks To Watch After The 1,282% HX Stock Rally

On September 22nd, the company announced a publication demonstrating that the administration of a small molecule soluble guanylate cyclase simulator was effective. It reduced markers associated with neuroinflammation in multiple preclinical models. Neuroinflammation is a big part of various diseases such as Alzheimer’s and other neurodegenerative disorders.

“A body of preclinical and clinical data supports the development of CY6463 and CY3018, our brain-penetrant sGC stimulators, and administration of CY6463 has been shown to result in positive clinical effects on multiple measures of brain neurophysiology.”

Study Author and Head of Translational Medicine at Cylerion, Chris Winrow

In the past few days, CYCN’s volume has been almost four times its market average. This is a clear indicator of its trending nature and how popular CYCN stock is right now. With this in mind, will CYCN make your list of penny stocks to watch?


Gaotu Techedu Inc. (NYSE: GOTU)

Gaotu Techedu Inc. is one of several Chinese educational stocks moving in the last week or so. For some context, Gaotu offers K-12 after-school tutoring services in the country. These K-12 services include math, English, chemistry, biology, Chinese, and more. It also provides foreign language courses, professional courses, English test prep services, and qualification exams.

On September 21st, the company released its second-quarter financial results for 2021. During this period, its revenue increased by 35.3% year over year to a total of RMB2,232.3 million. Its gross billings went up 12.2% year over year to RMB2,694.7 million as well. In addition to all of this, Gaotu’s paid course enrollments totaled 4.1% higher year over year.

“We say that 2014 is Gaotu’s first attempt as a startup, and 2016 is our second start, then we can also say that 2021 is our third start. We should always keep the goal of education in mind, always firmly believe that education is a noble profession. It’s undeniable that we have boundless faith in the bright future of the Chinese education industry.”

The CEO, Founder, and Chairman of Gaotu, Larry Xiangdong Chen

Over the past week, we’ve seen several days with GOTU stock moving up in the double-digit percentage points. With this to note, is GOTU on your penny stock watchlist right now?


Color Star Technology Co., Ltd (NASDAQ:CSCW)

Tech penny stocks have certainly been something that traders are zeroing in on this quarter. The broader sector, as a whole, is strongly rebounding into year-end. Everything from information technology to entertainment has benefited. In the case of Color Star Technology, its entertainment-focused model continues attracting attention in the stock market.

Read more: Best Penny Stocks To Buy Now? 3 To Watch At The End Of October

Most recently, a focus on artificial intelligence and its involvement in tech is what Color Star is working on. In particular, it’s building a metaverse project that encompasses everything from virtual reality entertainment like concerts and an active platform for non-fungible tokens (NFTs) related to simulation scenes. There are also layers to the metaverse project, including shopping. Via the company’s Color Star app, users can access entertainment, social networking, virtual gaming, and even interact with celebrities virtually with their avatars in the metaverse.

With immersive experiences becoming a more significant point of interest since the pandemic, companies like Color Star are working on blending online life with offline reality leveraging entertainment as the pathway to do so.

trending penny stocks to buy avoid this week Color Star Technologies CSCW stock chart


Sticking with the focus on augmented and virtual reality stocks, Inpixon has gained some interest over the weekend. The company specializes in its Indoor Intelligence platform. It has effectively been used for mapping, positioning, and helping create smart & secure environments. While its location awareness technology has helped extend its reach in government-related settings, a recent development could have given a boost when it comes to civilian applications.

Last week Inpixon announced a new initiative along with Ostendo Technology, Inc., a company developing quantum photonics and micro-display technologies. In addition to a current Strategic Collaboration and Cross-Marketing Agreement, the two companies will provide the City of Miami Beach’s Washington Avenue Business Improvement District with an augmented-reality-enabled mobile ‘ExperienceApp.’

This app also supports the integrated use of Ostendo’s AR smart glasses for an initial period of two years. According to Nadir Ali, CEO of Inpixon, “Inpixon’s ExperienceApp will be built on our CXApp mobile app platform and will incorporate mapping, positioning, analytics, and AR to deliver an exceptional user experience that is productive, intelligent, easy to use, and will be viewed through Ostendo AR smart glasses.”

With a surge of post-market action on Friday, it will be interesting to see how INPX stock begins the upcoming week.

trending penny stocks to buy avoid this week Inpixon INPX stock chart

Can Penny Stocks Continue to Climb This Year?

Although there is a lot of momentum in the stock market, investors need to choose wisely to have the best chance at making money with penny stocks. And, with this momentum, investors should also understand the root cause and how to use that to their advantage. 

[Read More] Top Penny Stocks to Buy Next Month? Check These 3 Out For Your List

Considering that several factors are impacting blue chips and penny stocks right now, it’s best to break it down individually and focus on one area of the market at a time. Considering this, do you think that penny stocks can continue to climb this year?

The post Trending Penny Stocks to Buy Now? 5 to Watch This Week appeared first on Penny Stocks to Buy, Picks, News and Information |

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Beloved mall retailer files Chapter 7 bankruptcy, will liquidate

The struggling chain has given up the fight and will close hundreds of stores around the world.



It has been a brutal period for several popular retailers. The fallout from the covid pandemic and a challenging economic environment have pushed numerous chains into bankruptcy with Tuesday Morning, Christmas Tree Shops, and Bed Bath & Beyond all moving from Chapter 11 to Chapter 7 bankruptcy liquidation.

In all three of those cases, the companies faced clear financial pressures that led to inventory problems and vendors demanding faster, or even upfront payment. That creates a sort of inevitability.

Related: Beloved retailer finds life after bankruptcy, new famous owner

When a retailer faces financial pressure it sets off a cycle where vendors become wary of selling them items. That leads to barren shelves and no ability for the chain to sell its way out of its financial problems. 

Once that happens bankruptcy generally becomes the only option. Sometimes that means a Chapter 11 filing which gives the company a chance to negotiate with its creditors. In some cases, deals can be worked out where vendors extend longer terms or even forgive some debts, and banks offer an extension of loan terms.

In other cases, new funding can be secured which assuages vendor concerns or the company might be taken over by its vendors. Sometimes, as was the case with David's Bridal, a new owner steps in, adds new money, and makes deals with creditors in order to give the company a new lease on life.

It's rare that a retailer moves directly into Chapter 7 bankruptcy and decides to liquidate without trying to find a new source of funding.

Mall traffic has varied depending upon the type of mall.

Image source: Getty Images

The Body Shop has bad news for customers  

The Body Shop has been in a very public fight for survival. Fears began when the company closed half of its locations in the United Kingdom. That was followed by a bankruptcy-style filing in Canada and an abrupt closure of its U.S. stores on March 4.

"The Canadian subsidiary of the global beauty and cosmetics brand announced it has started restructuring proceedings by filing a Notice of Intention (NOI) to Make a Proposal pursuant to the Bankruptcy and Insolvency Act (Canada). In the same release, the company said that, as of March 1, 2024, The Body Shop US Limited has ceased operations," Chain Store Age reported.

A message on the company's U.S. website shared a simple message that does not appear to be the entire story.

"We're currently undergoing planned maintenance, but don't worry we're due to be back online soon."

That same message is still on the company's website, but a new filing makes it clear that the site is not down for maintenance, it's down for good.

The Body Shop files for Chapter 7 bankruptcy

While the future appeared bleak for The Body Shop, fans of the brand held out hope that a savior would step in. That's not going to be the case. 

The Body Shop filed for Chapter 7 bankruptcy in the United States.

"The US arm of the ethical cosmetics group has ceased trading at its 50 outlets. On Saturday (March 9), it filed for Chapter 7 insolvency, under which assets are sold off to clear debts, putting about 400 jobs at risk including those in a distribution center that still holds millions of dollars worth of stock," The Guardian reported.

After its closure in the United States, the survival of the brand remains very much in doubt. About half of the chain's stores in the United Kingdom remain open along with its Australian stores. 

The future of those stores remains very much in doubt and the chain has shared that it needs new funding in order for them to continue operating.

The Body Shop did not respond to a request for comment from TheStreet.   

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Veterans Affairs Kept COVID-19 Vaccine Mandate In Place Without Evidence

Veterans Affairs Kept COVID-19 Vaccine Mandate In Place Without Evidence

Authored by Zachary Stieber via The Epoch Times (emphasis ours),




Veterans Affairs Kept COVID-19 Vaccine Mandate In Place Without Evidence

Authored by Zachary Stieber via The Epoch Times (emphasis ours),

The U.S. Department of Veterans Affairs (VA) reviewed no data when deciding in 2023 to keep its COVID-19 vaccine mandate in place.

Doses of a COVID-19 vaccine in Washington in a file image. (Jacquelyn Martin/Pool/AFP via Getty Images)

VA Secretary Denis McDonough said on May 1, 2023, that the end of many other federal mandates “will not impact current policies at the Department of Veterans Affairs.”

He said the mandate was remaining for VA health care personnel “to ensure the safety of veterans and our colleagues.”

Mr. McDonough did not cite any studies or other data. A VA spokesperson declined to provide any data that was reviewed when deciding not to rescind the mandate. The Epoch Times submitted a Freedom of Information Act for “all documents outlining which data was relied upon when establishing the mandate when deciding to keep the mandate in place.”

The agency searched for such data and did not find any.

The VA does not even attempt to justify its policies with science, because it can’t,” Leslie Manookian, president and founder of the Health Freedom Defense Fund, told The Epoch Times.

“The VA just trusts that the process and cost of challenging its unfounded policies is so onerous, most people are dissuaded from even trying,” she added.

The VA’s mandate remains in place to this day.

The VA’s website claims that vaccines “help protect you from getting severe illness” and “offer good protection against most COVID-19 variants,” pointing in part to observational data from the U.S. Centers for Disease Control and Prevention (CDC) that estimate the vaccines provide poor protection against symptomatic infection and transient shielding against hospitalization.

There have also been increasing concerns among outside scientists about confirmed side effects like heart inflammation—the VA hid a safety signal it detected for the inflammation—and possible side effects such as tinnitus, which shift the benefit-risk calculus.

President Joe Biden imposed a slate of COVID-19 vaccine mandates in 2021. The VA was the first federal agency to implement a mandate.

President Biden rescinded the mandates in May 2023, citing a drop in COVID-19 cases and hospitalizations. His administration maintains the choice to require vaccines was the right one and saved lives.

“Our administration’s vaccination requirements helped ensure the safety of workers in critical workforces including those in the healthcare and education sectors, protecting themselves and the populations they serve, and strengthening their ability to provide services without disruptions to operations,” the White House said.

Some experts said requiring vaccination meant many younger people were forced to get a vaccine despite the risks potentially outweighing the benefits, leaving fewer doses for older adults.

By mandating the vaccines to younger people and those with natural immunity from having had COVID, older people in the U.S. and other countries did not have access to them, and many people might have died because of that,” Martin Kulldorff, a professor of medicine on leave from Harvard Medical School, told The Epoch Times previously.

The VA was one of just a handful of agencies to keep its mandate in place following the removal of many federal mandates.

“At this time, the vaccine requirement will remain in effect for VA health care personnel, including VA psychologists, pharmacists, social workers, nursing assistants, physical therapists, respiratory therapists, peer specialists, medical support assistants, engineers, housekeepers, and other clinical, administrative, and infrastructure support employees,” Mr. McDonough wrote to VA employees at the time.

This also includes VA volunteers and contractors. Effectively, this means that any Veterans Health Administration (VHA) employee, volunteer, or contractor who works in VHA facilities, visits VHA facilities, or provides direct care to those we serve will still be subject to the vaccine requirement at this time,” he said. “We continue to monitor and discuss this requirement, and we will provide more information about the vaccination requirements for VA health care employees soon. As always, we will process requests for vaccination exceptions in accordance with applicable laws, regulations, and policies.”

The version of the shots cleared in the fall of 2022, and available through the fall of 2023, did not have any clinical trial data supporting them.

A new version was approved in the fall of 2023 because there were indications that the shots not only offered temporary protection but also that the level of protection was lower than what was observed during earlier stages of the pandemic.

Ms. Manookian, whose group has challenged several of the federal mandates, said that the mandate “illustrates the dangers of the administrative state and how these federal agencies have become a law unto themselves.”

Tyler Durden Sat, 03/09/2024 - 22:10

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Are Voters Recoiling Against Disorder?

Are Voters Recoiling Against Disorder?

Authored by Michael Barone via The Epoch Times (emphasis ours),

The headlines coming out of the Super…



Are Voters Recoiling Against Disorder?

Authored by Michael Barone via The Epoch Times (emphasis ours),

The headlines coming out of the Super Tuesday primaries have got it right. Barring cataclysmic changes, Donald Trump and Joe Biden will be the Republican and Democratic nominees for president in 2024.

(Left) President Joe Biden delivers remarks on canceling student debt at Culver City Julian Dixon Library in Culver City, Calif., on Feb. 21, 2024. (Right) Republican presidential candidate and former U.S. President Donald Trump stands on stage during a campaign event at Big League Dreams Las Vegas in Las Vegas, Nev., on Jan. 27, 2024. (Mario Tama/Getty Images; David Becker/Getty Images)

With Nikki Haley’s withdrawal, there will be no more significantly contested primaries or caucuses—the earliest both parties’ races have been over since something like the current primary-dominated system was put in place in 1972.

The primary results have spotlighted some of both nominees’ weaknesses.

Donald Trump lost high-income, high-educated constituencies, including the entire metro area—aka the Swamp. Many but by no means all Haley votes there were cast by Biden Democrats. Mr. Trump can’t afford to lose too many of the others in target states like Pennsylvania and Michigan.

Majorities and large minorities of voters in overwhelmingly Latino counties in Texas’s Rio Grande Valley and some in Houston voted against Joe Biden, and even more against Senate nominee Rep. Colin Allred (D-Texas).

Returns from Hispanic precincts in New Hampshire and Massachusetts show the same thing. Mr. Biden can’t afford to lose too many Latino votes in target states like Arizona and Georgia.

When Mr. Trump rode down that escalator in 2015, commentators assumed he’d repel Latinos. Instead, Latino voters nationally, and especially the closest eyewitnesses of Biden’s open-border policy, have been trending heavily Republican.

High-income liberal Democrats may sport lawn signs proclaiming, “In this house, we believe ... no human is illegal.” The logical consequence of that belief is an open border. But modest-income folks in border counties know that flows of illegal immigrants result in disorder, disease, and crime.

There is plenty of impatience with increased disorder in election returns below the presidential level. Consider Los Angeles County, America’s largest county, with nearly 10 million people, more people than 40 of the 50 states. It voted 71 percent for Mr. Biden in 2020.

Current returns show county District Attorney George Gascon winning only 21 percent of the vote in the nonpartisan primary. He’ll apparently face Republican Nathan Hochman, a critic of his liberal policies, in November.

Gascon, elected after the May 2020 death of counterfeit-passing suspect George Floyd in Minneapolis, is one of many county prosecutors supported by billionaire George Soros. His policies include not charging juveniles as adults, not seeking higher penalties for gang membership or use of firearms, and bringing fewer misdemeanor cases.

The predictable result has been increased car thefts, burglaries, and personal robberies. Some 120 assistant district attorneys have left the office, and there’s a backlog of 10,000 unprosecuted cases.

More than a dozen other Soros-backed and similarly liberal prosecutors have faced strong opposition or have left office.

St. Louis prosecutor Kim Gardner resigned last May amid lawsuits seeking her removal, Milwaukee’s John Chisholm retired in January, and Baltimore’s Marilyn Mosby was defeated in July 2022 and convicted of perjury in September 2023. Last November, Loudoun County, Virginia, voters (62 percent Biden) ousted liberal Buta Biberaj, who declined to prosecute a transgender student for assault, and in June 2022 voters in San Francisco (85 percent Biden) recalled famed radical Chesa Boudin.

Similarly, this Tuesday, voters in San Francisco passed ballot measures strengthening police powers and requiring treatment of drug-addicted welfare recipients.

In retrospect, it appears the Floyd video, appearing after three months of COVID-19 confinement, sparked a frenzied, even crazed reaction, especially among the highly educated and articulate. One fatal incident was seen as proof that America’s “systemic racism” was worse than ever and that police forces should be defunded and perhaps abolished.

2020 was “the year America went crazy,” I wrote in January 2021, a year in which police funding was actually cut by Democrats in New York, Los Angeles, San Francisco, Seattle, and Denver. A year in which young New York Times (NYT) staffers claimed they were endangered by the publication of Sen. Tom Cotton’s (R-Ark.) opinion article advocating calling in military forces if necessary to stop rioting, as had been done in Detroit in 1967 and Los Angeles in 1992. A craven NYT publisher even fired the editorial page editor for running the article.

Evidence of visible and tangible discontent with increasing violence and its consequences—barren and locked shelves in Manhattan chain drugstores, skyrocketing carjackings in Washington, D.C.—is as unmistakable in polls and election results as it is in daily life in large metropolitan areas. Maybe 2024 will turn out to be the year even liberal America stopped acting crazy.

Chaos and disorder work against incumbents, as they did in 1968 when Democrats saw their party’s popular vote fall from 61 percent to 43 percent.

Views expressed in this article are opinions of the author and do not necessarily reflect the views of The Epoch Times or ZeroHedge.

Tyler Durden Sat, 03/09/2024 - 23:20

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