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Photo by William Iven on Unsplash

Why Are These 4 Penny Stocks Heating Up Right Now?

Throughout 2020, there have been several shining examples of stellar penny stocks to watch. Now, obviously, we have to take into account the impact of the COVID pandemic on the stock market as a whole. Since vaccines are in distribution around the world, 2021 could be the year things get back on track. Starting with the economy, the election of Joe Biden and a new round of stimulus checks means that the economy could begin to shape up. While the issue of inflation is always present, it may take a long time to see the full effects of this. …


penny stocks definition
penny stocks definition
  1. What Is A Penny Stock?
  2. Are Penny Stocks Worth It?
  3. Penny Stocks & Day Trading
  4. Why Are Penny Stocks Risky?
  5. When Does The Stock Market Open?
  6. When Does The Stock Market Close?

What Is A Penny Stock?

A penny stock is a stock of a company that trades for less than $5 a share. While most some expect these to be smaller companies, there are many that have market caps in the billions of dollars. Many are also traded on major exchanges like the NASDAQ and New York Stock Exchange.

This is a welcome sign to clients of penny stock brokers like Robinhood & Webull, which limit their users to only main listings (for the most part). The general understanding for many novice traders is that penny stocks only trade Over The Counter or “on the OTC”. This just isn’t true and when you think of the definition of penny stocks, you should focus on the price, not on the exchange. …


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Hot Penny Stocks To Watch Today

When it comes to finding quality penny stocks to watch, anyone with the right information at hand can do it. Creating a list of stocks might be easy, finding which ones might have the most value can be a little more time-intensive. But, the great thing about investing is that with the internet, any investor can be as informed as the best investors out there. At this point, you might be asking what to look for when searching for a penny stock to watch. And for that reason, you’ve come to the right place. …


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Looking For Biotech Penny Stocks Right Now?

One of the most active sets of penny stocks in 2020 has been biotech stocks. Aside from the obvious push from COVID-19 vaccine candidates, companies are utilizing the increased attention to build upon novel treatment pipelines. Evidenced by the NASDAQ Biotech ETF ( IBB ETF), we can clearly see that argument on biotech vs healthcare stocks is being won by the former.

Take a peek at the Healthcare ETF ( XLV ETF), for example. While the IBB continued trading in its recent channel, the XLV dropped aggressively. It wasn’t just Friday where the ETF price dipped either. The XLV has experienced much stronger selling pressure since last Wednesday. Now, are all penny stocks in the healthcare industry getting pummeled? …


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Penny Stocks To Watch Before Next Week

In the past few weeks, we have seen a great amount of bullish interest in penny stocks. Specifically, there are a few key markets that have seen more bullish growth than others. First, we have biotech penny stocks. These companies have experienced growth in the past six months due to the COVID pandemic. On December 10th, Pfizer Inc. ( PFE Stock Report) announced that the FDA recommended approval for its vaccine candidate for emergency use.

This is a big step and something that was only announced at the end of the day. With this, we could see a new wave of bullish interest in certain stocks today. Next on the list, we have EV penny and renewable energy penny stocks. While these may seem like very different categories, they have traded with a high degree of correlation to one another in the past few months. …


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Are These Penny Stocks On Your Watch List Right Now?

Epicenter penny stocks have become the focus of many investors over the past year. For some context, these stocks are defined as any stocks that were hit hard by the beginning of the pandemic. In addition, this definition applies to companies that have been able to bounce back since COVID hit. Tom Lee of Fundstrat originally coined this phrase.

For some examples, epicenter penny stocks could be anything from airline and hotel stocks to tech or energy stocks. Of course, this definition is quite loose given that so many penny stocks were hit by the pandemic. …


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Should You Have Your Eyes On These Penny Stocks Heading Into 2021?

Small Cap penny stocks are on fire, once again this week. What has helped do this aside from optimism in the stock market today are big breakouts from companies like Curis Inc. ( CRIS Stock Report). While it is no longer a penny stock right now, CRIS stock was one we discussed over the weekend as one of the biotech penny stocks to watch this week.

Specifically, we explained that the company was set to discuss progress from its CA-4948. The presentation also included data presented at the recent American Society of Hematology (ASH) Annual Meeting. The data related were recently presented. …


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Looking For Travel Stocks To Buy Right Now?

Penny stocks, no matter the sector, are typically highly volatile and usually give short-term gains. While this isn’t the case for all penny stocks, a day-to-day case study will usually yield more of these quick movers than long term investments. This year, however, we’re seeing a bit of a mixed bag so to speak.

There’ve been plenty of stocks that previously traded above $10 in some cases, now trading as penny stocks; thanks COVID. Herein could lie the opportunity, however. Many of these beaten-down names are trading at fractions of the valuation they were at in 2019. …


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Marijuana Penny Stocks Are Trading Higher On MORE Act Speculation; Will That Last?

If there was a week to be watching particular penny stocks, this might be that week. As we discussed over the weekend, there’s a big vote planned this week. It will be on the MORE Act and had everything to do with cannabis. House Majority Leader Steny Hoyer (D-MD) said the chamber will take up the MORE Act sometime between Wednesday and Friday. The Marijuana Opportunity, Reinvestment, and Expungement or — MORE — Act aims to decriminalize cannabis and expunge convictions for non-violent cannabis offenses. …


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5 Biotech Stocks To Watch This Week

When it comes to biotech stocks, there’s plenty to take into account. This goes for biotech penny stocks as well. Considering that many of these companies are in the preclinical or clinical stages, there’s a higher chance that traders buy based on future potential than anything else. While this isn’t unusual, it does create a more speculative environment, in general. What’s more, is that you can think of these as constantly having an “earnings-style” catalyst.

Here’s what I mean. You’re probably familiar with “earnings season”. This is when companies report the quarterly or annual results of a given period. Depending on the outcome and one management’s commentary for the future, stocks will typically experience a more aggressive move. This accounts for moves in either direction. Obviously, “playing earnings” is a higher-risk situation because if you’re wrong in your speculative thesis, it could cost you big money. …

About

Joe Sirianni

Entrepreneur, Podcaster, Marketer& Content Maniac — Not Investment Advice. This account is affiliated w/ Midam Ventures Review Disclaimer http://bit.ly/mdmdsclr

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