Bitcoin bull Mike Novogratz thinks the cryptocurrency is poised for major growth.
“You’re seeing now institutions moving in,” the founder and CEO of Galaxy Digital told CNN international correspondent Paula Newton on CNNMoney’s “Markets Now” on Wednesday.
Novogratz pointed out that exchanges and big companies are starting to take the cryptocurrency more seriously.
“Starbucks and Microsoft’ll allow you to use bitcoin,” he said. “As you see more adoption of just people being comfortable with it, it feels like it’s going to go up.”
More institutions will jump on board for fear of missing out, Novogratz said.
“There’s an institutional FOMO going on all of a sudden,” he said.
Eventually, bitcoin may become a part of people’s financial portfolios.
“As you start getting custody and service providers in and around the system, it allows pension funds and endowments to get involved.”
He said that over time, more people will start to think of bitcoin as a store of value, like gold.
Top 10 Heal Care Stocks For 2019: Helix Energy Solutions Group, Inc.(HLX)
Advisors’ Opinion:
- [By Ethan Ryder]
Get a free copy of the Zacks research report on Helix Energy Solutions Group (HLX)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
- [By Max Byerly]
Helix Energy Solutions Group Inc (NYSE:HLX) VP Alisa B. Johnson sold 15,244 shares of the business’s stock in a transaction on Tuesday, September 25th. The stock was sold at an average price of $9.85, for a total value of $150,153.40. Following the completion of the sale, the vice president now directly owns 285,480 shares in the company, valued at $2,811,978. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
- [By Lisa Levin] Gainers
SemiLEDs Corporation (NASDAQ: LEDS) shares rose 35.8 percent to $4.55.
EVINE Live Inc. (NASDAQ: EVLV) gained 28.8 percent to $1.04. The pay-TV home shopping company was named as a potential acquisition target by TechCrunch. According to the publication, Amazon.com, Inc. (NASDAQ: AMZN) is exploring ways of marketing its products and services to consumers beyond the internet.
Sanmina Corp (NASDAQ: SANM) shares surged 19.1 percent to $33.00 as the company reported stronger-than-expected earnings for its second quarter on Monday.
Heidrick & Struggles International, Inc. (NASDAQ: HSII) gained 14.9 percent to $37.22 as the company posted upbeat results for its first quarter.
Santander Consumer USA Holdings Inc. (NYSE: SC) shares climbed 14 percent to $17.90 following upbeat quarterly earnings.
Helix Energy Solutions Group, Inc. (NYSE: HLX) climbed 14 percent to $7.12 following strong quarterly results.
Check-Cap Ltd. (NASDAQ: CHEK) gained 13.6 percent to $8.25.
Atossa Genetics Inc. (NASDAQ: ATOS) rose 11.8 percent to $3.34. Atossa Genetics disclosed that it has Received positive interim review from the Independent Safety Committee in Phase 1 Topical endoxifen dose escalation study in men.
Cadence Design Systems, Inc. (NASDAQ: CDNS) gained 11.6 percent to $40.99 after the company posted upbeat Q1 results and issued a strong Q2 forecast.
Genprex, Inc. (NASDAQ: GNPX) climbed 11.2 percent to $4.9363.
Mitel Networks Corporation (NASDAQ: MITL) rose 10.5 percent to $11.23 after the company agreed to be acquired by affiliates of Searchlight Capital Partners for $2.0 billion.
Systemax Inc. (NYSE: SYX) rose 10.2 percent to $30.86. Sidoti & Co. upgraded Systemax from Neutral to Buy.
Orchids Paper Products Company (NYSE: TIS) surged 9.2 percent to $7.13. Orchids Paper Products is expected to report its Q1 financial results on Wednesday, April 25, 2018.
New Oriental Education & Technology Group Inc. (NYSE: EDU) rose
Top 10 Heal Care Stocks For 2019: Time Warner Inc.(TWX)
Advisors’ Opinion:
- [By ]
The first witness that AT&T Inc. (T) and Time Warner Inc. (TWX) called in the legal battle with the Department of Justice testified that an economic model central to the government’s case is “theoretically unsound,” in the U.S. District Court in Washington on Thursday.
- [By Lisa Levin] Companies Reporting Before The Bell
General Motors Company (NYSE: GM) is projected to report quarterly earnings at $1.24 per share on revenue of $34.66 billion.
Bristol-Myers Squibb Company (NYSE: BMY) is estimated to report quarterly earnings at $0.85 per share on revenue of $5.24 billion.
United Parcel Service, Inc. (NYSE: UPS) is expected to report quarterly earnings at $1.55 per share on revenue of $16.44 billion.
Time Warner Inc. (NYSE: TWX) is projected to report quarterly earnings at $1.74 per share on revenue of $7.91 billion.
ConocoPhillips (NYSE: COP) is expected to report quarterly earnings at $0.74 per share on revenue of $8.81 billion.
PepsiCo, Inc. (NYSE: PEP) is expected to report quarterly earnings at $0.93 per share on revenue of $12.4 billion.
American Airlines Group Inc. (NASDAQ: AAL) is estimated to report quarterly earnings at $0.72 per share on revenue of $10.42 billion.
Southwest Airlines Co (NYSE: LUV) is expected to report quarterly earnings at $0.74 per share on revenue of $5.01 billion.
Fiat Chrysler Automobiles N.V. (NYSE: FCAU) is estimated to report quarterly earnings at $0.8 per share on revenue of $34.52 billion.
Union Pacific Corporation (NYSE: UNP) is projected to report quarterly earnings at $1.66 per share on revenue of $5.38 billion.
D.R. Horton, Inc. (NYSE: DHI) is expected to report quarterly earnings at $0.85 per share on revenue of $3.76 billion.
The Hershey Company (NYSE: HSY) is estimated to report quarterly earnings at $1.4 per share on revenue of $1.94 billion.
Praxair, Inc. (NYSE: PX) is expected to report quarterly earnings at $1.56 per share on revenue of $2.94 billion.
Altria Group, Inc. (NYSE: MO) is projected to report quarterly earnings at $0.92 per share on revenue of $4.63 billion.
Shire plc (NASDAQ: SHPG) is estimated to report quarterly earnings at $3.54 per share on revenue of $3.72 billion.
Oshkosh Corporation (NYSE: OSK) is projected to report quarter
- [By Garrett Baldwin]
The euro fell more than 2% in pre-market hours after the European Central Bank announced it will end its massive stimulus package in December 2018. The $2.9 trillion program has been critical in restoring confidence in the world’s largest economic bloc. However, systemic concerns about the financial systems of Germany and Italy remain. Speaking of central banking, here’s what you need to know about the U.S. Federal Reserve. U.S. President Donald Trump may offer a very unusual and controversial pardon. According to a report from Bloomberg, Trump’s advisors are supporting a deal that would offer a pardon to former “junk bond king” Michael Milken. The report indicates the financier, who received a 10-year prison sentence while at Drexel Burnham Lampert, has support from advisors including U.S. Treasury Secretary Steven Mnuchin and Jared Kushner.
Four Stocks to Watch Today: T, TWX, ADBE, BABA
Shares of AT&T Inc. (NYSE: T) were up slightly as markets digested the significance of its deal to purchase Time Warner Inc. (NYSE: TWX). The U.S. government elected not to seek a stay after a federal judge permitted the deal. But keep an eye open later today. Rumors have emerged that the U.S. Justice Department may appeal the ruling. Shares of Adobe Systems Inc. (Nasdaq: ADBE) fell more than 3.3% after the company announced earnings after the bell Thursday. The firm reported quarterly earnings of $1.66 per share, topping expectations of $1.54 per share. The firm easily beat Wall Street earnings expectations and said its digital media arm is getting stronger from a financial perspective. Alibaba Group Holding Ltd. (NYSE: BABA) is one of our favorite stocks at Money Morning, but buying shares of BABA isn’t the only way to make money from the Internet giant. We’ve uncovered a secret profit play that could climb roughly 70% in the next 12 months. Here’s how you should play this incredible e-commerce giant. No major U.S. companies report earnings on Friday.
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Top 10 Heal Care Stocks For 2019: Brunswick Corporation(BC)
Advisors’ Opinion:
- [By Shane Hupp]
Shares of Brunswick Co. (NYSE:BC) have been given a consensus recommendation of “Buy” by the eighteen brokerages that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and fourteen have given a buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $71.33.
- [By Ethan Ryder]
Brunswick Co. (NYSE:BC) insider William Metzger sold 13,530 shares of the firm’s stock in a transaction that occurred on Tuesday, June 5th. The stock was sold at an average price of $67.42, for a total transaction of $912,192.60. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.
- [By Logan Wallace]
Brunswick Co. (NYSE:BC) shares reached a new 52-week high and low during mid-day trading on Monday . The stock traded as low as $66.82 and last traded at $66.53, with a volume of 87086 shares. The stock had previously closed at $65.66.
- [By Motley Fool Transcribing]
Brunswick (NYSE:BC) Q4 2018 Earnings Conference CallJan. 31, 2019 11:00 a.m. ET
Contents:
Prepared Remarks Questions and Answers Call Participants
Prepared Remarks:
Operator
- [By Rich Duprey]
Pontoon boats are a versatile vessel as they can be used for fishing, sports, cruising, and day trips. That latter part is key because rival boatmaker Brunswick (NYSE:BC) — which Polaris used to have a business relationship with when it was in the marine market — says that overnight trips with boats are fading. Industry site Boat Industry quotes Brunswick’s freshwater boat group President Jeff Kinsey as saying, “There’s been a clear shift toward day boating, and that speaks directly to the pontoon with its seating capacity, its open space, its amenities and its comfort.”
Top 10 Heal Care Stocks For 2019: CM Finance Inc(CMFN)
Advisors’ Opinion:
- [By Max Byerly]
ValuEngine upgraded shares of CM Finance (NASDAQ:CMFN) from a sell rating to a hold rating in a research note released on Thursday morning.
Several other analysts have also recently weighed in on CMFN. UBS cut shares of CM Finance from an outperform rating to a market perform rating in a research note on Friday, February 9th. Raymond James cut shares of CM Finance from an outperform rating to a market perform rating in a research note on Friday, February 9th. Redburn Partners cut shares of CM Finance from an outperform rating to a market perform rating in a research note on Friday, February 9th. Finally, Zacks Investment Research cut shares of CM Finance from a hold rating to a sell rating in a research note on Tuesday, April 10th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. CM Finance has a consensus rating of Hold and a consensus price target of $9.75.
- [By Ethan Ryder]
Get a free copy of the Zacks research report on CM Finance (CMFN)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
- [By Joseph Griffin]
Here are some of the news articles that may have impacted Accern Sentiment Analysis’s rankings:
Get CM Finance alerts:
CM Finance: This 6.125% Baby Bond Has Begun Trading On The Nasdaq (seekingalpha.com) Critical Contrast: OFS Capital (OFS) & CM Finance (CMFN) (americanbankingnews.com) Earn an 11.3% Yield From This Alternative Bank (incomeinvestors.com) CM Finance Inc (CMFN) Expected to Post Quarterly Sales of $8.64 Million (americanbankingnews.com)
Shares of CMFN traded up $0.09 during midday trading on Thursday, hitting $8.90. The stock had a trading volume of 20,400 shares, compared to its average volume of 33,742. CM Finance has a 1 year low of $7.40 and a 1 year high of $10.40. The company has a market cap of $120.49 million, a P/E ratio of 7.74 and a beta of 1.20. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.72.
- [By Max Byerly]
CM Finance (NASDAQ: CMFN) is one of 35 publicly-traded companies in the “Investors, not elsewhere classified” industry, but how does it weigh in compared to its peers? We will compare CM Finance to similar businesses based on the strength of its analyst recommendations, earnings, valuation, dividends, risk, institutional ownership and profitability.
- [By Stephan Byrd]
CM Finance (NASDAQ:CMFN) was upgraded by stock analysts at TheStreet from a “c+” rating to a “b-” rating in a research note issued to investors on Wednesday.
Top 10 Heal Care Stocks For 2019: Helen of Troy Limited(HELE)
Advisors’ Opinion:
- [By Motley Fool Staff]
Helen of Troy Limited (NYSE: HELE)Q1 2019 Helen Of Troy Limited Earnings Conference callJul. 09, 2018, 1:00 pm ET
Contents:
Prepared Remarks Questions and Answers Call Participants
Prepared Remarks:
Operator
- [By Steve Symington]
Shares of Helen of Troy Limited (NASDAQ:HELE) climbed 12.7% on Monday after the consumer brand housewares, health, home, and beauty products company announced strong fiscal first-quarter 2019 results.
- [By Ethan Ryder]
Deer Consumer Products (OTCMKTS: DEER) and Helen of Troy (NASDAQ:HELE) are both consumer discretionary companies, but which is the better business? We will contrast the two companies based on the strength of their institutional ownership, profitability, valuation, analyst recommendations, dividends, earnings and risk.
- [By Ethan Ryder]
Helen of Troy (NASDAQ:HELE) last announced its quarterly earnings results on Tuesday, January 8th. The company reported $2.40 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.16 by $0.24. The business had revenue of $431.10 million during the quarter, compared to analysts’ expectations of $425.76 million. Helen of Troy had a net margin of 12.19% and a return on equity of 18.45%. The firm’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.52 EPS. As a group, equities research analysts forecast that Helen of Troy Limited will post 7.03 EPS for the current fiscal year.
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About Helen of Troy
Top 10 Heal Care Stocks For 2019: Marvell Technology Group Ltd.(MRVL)
Advisors’ Opinion:
- [By Chris Lange]
Marvell Technology Group Ltd. (NASDAQ: MRVL) is expected to post its most recent quarterly results Thursday as well. The consensus estimates are $0.31 in EPS and $610.99 million in revenue. Shares ended the week at $23.42 apiece. The consensus price target is $27.26, and the 52-week range is $14.58 to $24.22.
- [By Lisa Levin] Gainers
Acacia Communications, Inc. (NASDAQ: ACIA) shares rose 18.3 percent to $37.25 in pre-market trading after gaining 1.74 percent on Friday.
Kitov Pharma Ltd (NASDAQ: KTOV) rose 12.1 percent to $2.69 in pre-market trading after surging 4.80 percent on Friday.
NXP Semiconductors N.V. (NASDAQ: NXPI) rose 10.9 percent to $109.75 in pre-market trading after Bloomberg reported that the China’s Commerce Ministry has restarted its review of QUALCOMM Incorporated’s (NASDAQ: QCOM) proposed takeover of NXP Semiconductors.
Renewable Energy Group, Inc. (NASDAQ: REGI) rose 10.6 percent to $15.20 in pre-market trading. Renewable Energy will replace Synchronoss Technologies Inc. (NASDAQ: SNCR) in the S&P SmallCap 600 on Tuesday, May 15.
NeoPhotonics Corporation (NYSE: NPTN) rose 10 percent to $6.40 in pre-market trading.
Vaxart, Inc. (NASDAQ: VXRT) shares rose 8 percent to $5.54 in pre-market trading after gaining 2.19 percent on Friday.
Profire Energy, Inc. (NASDAQ: PFIE) rose 7.3 percent to $4.58 in pre-market trading after gaining 6.22 percent on Friday.
Marvell Technology Group Ltd. (NASDAQ: MRVL) rose 7 percent to $22.49 in pre-market trading after falling 1.96 percent on Friday.
Oclaro, Inc. (NASDAQ: OCLR) shares rose 6.9 percent to $9.16 in pre-market trading.
TransEnterix, Inc. (NYSE: TRXC) rose 5.7 percent to $2.24 in pre-market trading after gaining 3.92 percent on Friday.
CVR Refining, LP (NYSE: CVRR) rose 5.4 percent to $19.70 in pre-market trading.
Federal Agricultural Mortgage Corporation (NYSE: AGM) rose 5.2 percent to $92.95 in pre-market trading.
International Game Technology PLC (NYSE: IGT) rose 5.2 percent to $29.94 in pre-market trading.
Lumentum Holdings Inc. (NASDAQ: LITE) shares rose 5.1 percent to $66.30 in the pre-market trading session.
Net 1 UEPS Technologies, Inc. (NASDAQ: UEPS) shares rose 5 percent to $10.70 in pre-market trading after climbing 15.66 percent on Friday.
Finisar
- [By Timothy Green]
Shares of Cavium Inc. (NASDAQ:CAVM) jumped on Thursday after Marvell Technology Group’s (NASDAQ:MRVL) acquisition of the company was approved by Chinese regulators. Marvell now expects the deal to close in July. Cavium stock ended the session up 9.8% while Marvell stock gained 8.2%.
- [By Ashraf Eassa]
Over the last several years, there has been a flurry of merger and acquisition activity in the chip industry. Last year, one of the more notable announced deals was Marvell’s (NASDAQ:MRVL) planned acquisition of specialty data-center chip maker Cavium Networks (NASDAQ:CAVM) in a combination cash and stock deal that valued Cavium at $6 billion.
Top 10 Heal Care Stocks For 2019: Catalyst Biosciences, Inc. (CBIO)
Advisors’ Opinion:
- [By Dan Caplinger]
Wall Street continued its downward streak on Monday, with the Dow Jones Industrial Average falling more than 100 points. Most major benchmarks fell more modestly, with a few actually poking into positive territory on the day. Trade-sensitive stocks were among the weakest as investors focused on uncertainty related to tariff disputes between the U.S. and China. But for some other companies, bad news of a different sort was responsible for the drops in their shares. Biogen (NASDAQ:BIIB), Baytex Energy (NYSE:BTE), and Catalyst Biosciences (NASDAQ:CBIO) were among the worst performers on the day. Here’s why they did so poorly.
- [By Ethan Ryder]
Catalyst Biosciences Inc (NASDAQ:CBIO) rose 2.7% on Wednesday . The stock traded as high as $10.75 and last traded at $10.54. Approximately 41,790 shares traded hands during trading, a decline of 93% from the average daily volume of 568,965 shares. The stock had previously closed at $10.83.
- [By Joseph Griffin]
B. Riley lowered shares of Catalyst Biosciences (NASDAQ:CBIO) from a buy rating to a neutral rating in a research report released on Thursday, MarketBeat reports. They currently have $12.50 price objective on the biopharmaceutical company’s stock, down from their prior price objective of $44.00.
- [By Ethan Ryder]
Get a free copy of the Zacks research report on Catalyst Biosciences (CBIO)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
- [By Logan Wallace]
B. Riley set a $44.00 price target on Catalyst Biosciences (NASDAQ:CBIO) in a report published on Monday. The brokerage currently has a buy rating on the biopharmaceutical company’s stock. B. Riley also issued estimates for Catalyst Biosciences’ Q1 2019 earnings at ($0.85) EPS, Q2 2019 earnings at ($0.91) EPS, Q3 2019 earnings at ($0.98) EPS and Q4 2019 earnings at ($1.13) EPS.
- [By Logan Wallace]
Get a free copy of the Zacks research report on Catalyst Biosciences (CBIO)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Top 10 Heal Care Stocks For 2019: Reading International Inc(RDI)
Advisors’ Opinion:
- [By Stephan Byrd]
Get a free copy of the Zacks research report on Reading International, Inc. Class A (RDI)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
- [By Shane Hupp]
Peel Hunt restated their buy rating on shares of RDI Reit (LON:RDI) in a report published on Thursday.
RDI stock opened at GBX 32.50 ($0.42) on Thursday. RDI Reit has a fifty-two week low of GBX 33.25 ($0.43) and a fifty-two week high of GBX 40.95 ($0.53).
- [By Max Byerly]
Get a free copy of the Zacks research report on Reading International (RDI)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Top 10 Heal Care Stocks For 2019: Infinity Property and Casualty Corporation(IPCC)
Advisors’ Opinion:
- [By Joseph Griffin]
ValuEngine lowered shares of Infinity Property and Casualty (NASDAQ:IPCC) from a strong-buy rating to a buy rating in a research report released on Saturday morning.
- [By Stephan Byrd]
Infinity Property and Casualty (NASDAQ:IPCC) and Hartford Financial Services Group (NYSE:HIG) are both finance companies, but which is the better business? We will compare the two businesses based on the strength of their risk, profitability, earnings, dividends, institutional ownership, analyst recommendations and valuation.
- [By Shane Hupp]
Berkshire Hathaway Inc. Class B (NYSE: BRK.B) and Infinity Property and Casualty (NASDAQ:IPCC) are both finance companies, but which is the better investment? We will contrast the two companies based on the strength of their institutional ownership, valuation, analyst recommendations, profitability, earnings, dividends and risk.
Top 10 Heal Care Stocks For 2019: VIVUS, Inc.(VVUS)
Advisors’ Opinion:
- [By Money Morning Staff Reports]
But Blink and our other penny stocks to watch are unlikely to continue to lock in such spectacular gains in June. After looking at our 10 top penny stocks to watch this month, we’ll show you a small-cap stock with great profit potential in its future…
Penny Stock Current Share Price Law Month’s Gain
Blink Charging Co. (Nasdaq: BLNK) $7.07 439.85%
Senes Tech Inc. (Nasdaq: SNES) $1.27 175.40%
Vivis Inc. (Nasdaq: VVUS) $0.77 150.41%
Adomani Inc. (Nasdaq: ADOM) $1.49 137.68%
NF Energy Saving Co. (Nasdaq: NFEC) $2.34 134.88%
Vaalco Energy Inc. (NYSE: EGY) $2.15 109.06%
Heat Biologics Inc. (Nasdaq: HTBX) $2.35 99.12%
ArQule Inc. (Nasdaq: ARQL) $4.88 90.74%
LiqTech International Inc. (NYSE: LIQT) $0.66 85.60%
Transenterix Inc. (NYSE: TRXC) $3.46 77.84%
While last month’s gains are tremendous, they also illustrate the inherent dangers that come with investing in penny stocks.
- [By Logan Wallace]
Get a free copy of the Zacks research report on VIVUS (VVUS)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
- [By Ethan Ryder]
Get a free copy of the Zacks research report on VIVUS (VVUS)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
- [By Money Morning News Team]
However, VivoPower and our other penny stocks to watch this week already saw big gains. After looking at our 10 top penny stocks to watch, we’ll show you a small-cap stock with serious profit potential in its future…
Penny Stock Current Share Price Law Week’s Gain
VivoPower International Plc. (Nasdaq: VVPR) $3.05 88.57%
Euro Tech Holdings Co. (Nasdaq: CLWT) $3.77 75.11%
Boxlight Corp. (Nasdaq: BOXL) $6.36 65.38%
Chine Recycling Energy Corp. (Nasdaq: CREG) $2.01 45.92%
Vivis Inc. (Nasdaq: VVUS) $0.52 38.82%
HC2 Holdings Inc. (NYSE: HCHC) $6.79 33.49%
Biostar Pharmaceuticals Inc. (Nasdaq: BSPM) $2.67 32.23%
Turtle Beach Corp. (Nasdaq: HEAR) $6.99 30.19%
Aegean Marine Petroleum Network Inc. (NYSE: ANW) $3.30 29.24%
Rexahn Pharmaceuticals Inc. (NYSE: RNN) $2.11 29.19%
While the gains of last week’s top penny stocks are exciting, it’s important to note that investing in penny stocks is also incredibly risky.
- [By Logan Wallace]
Media stories about VIVUS (NASDAQ:VVUS) have been trending somewhat positive recently, according to Accern Sentiment. The research group ranks the sentiment of news coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. VIVUS earned a news impact score of 0.13 on Accern’s scale. Accern also gave press coverage about the biopharmaceutical company an impact score of 47.022479468622 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
- [By Money Morning News Team]
Seadrill’s rally demonstrates how profitable penny stocks can be for savvy investors. With Seadrill’s gains already on the books, we’ll look at a stock that’s on track to generate tremendous returns – a small cap that just completed a groundbreaking acquisition with huge profit potential…
Penny Stock Current Share Price Law Week’s Gain
Seadrill Ltd. (NYSE: SDRL) $0.58 98.74%
Vivis Inc. (Nasdaq: VVUS) $0.83 59.97%
MEI Pharma Inc. (Nasdaq: MEIP) $3.45 43.40%
Transenterix Inc. (NYSE: TRXC) $3.15 35.72%
Akers Biosciences Inc. (Nasdaq: AKER) $0.65 34.38%
Galectin Therapeutics Inc. (Nasdaq: GALT) $4.54 32.58%
Phoenix New Media Ltd. (NYSE ADR: FENG) $5.65 32.22%
Heat Biologics Inc. (Nasdaq: HTBX) $1.73 31.37%
Bright Scholar Education Ltd. (NYSE ADR: BEDU) $18.51 29.03%
21 Vianet Group Inc. (Nasdaq: VNET) $7.36 28.72%
These gains are incredibly exciting. However, not all penny stocks are equally strong investments.