The recent unemployment claims in the U.S. have hit another post-pandemic low. That’s bullish news for the economy. And it’s bullish news for quality penny stocks as well.
Let me clarify what I mean by penny stocks. These aren’t tiny stocks that trade for pennies like the junior mining stocks of the 1970s and 1980s. Or the odd pump-and-dump stocks that were all over the markets before 2008 washed them all away.
The penny stocks here are quality companies with real businesses and market caps that are in the 9- to 10-digit range. They’re fundamentally, low-priced,....More>>>
The S&P 500 and the Dow Jones Industrial Average are trading near all-time highs. Interestingly, this is despite September’s and October’s reputation for being tough on the markets. Most stock market crashes have occurred during October. With a potential widespread correction looming, investors are taking a chance on penny stocks.
Fears of inflation are running high. Then, there is the increasing tension between the U.S. and China. And to add fuel to the fire, we have the recent turmoil in Afghanistan. Understandably, an investor might be squeamish about adding new stocks....More>>>
Shares in Marathon Digital (NASDAQ:MARA) are on the move again. A penny stock through half of 2020, MARA posted over 400% growth at the start of 2021 before shedding more than half its value by mid-May. Along the way, trading in MARA stock was even halted by the U.S. Securities and Exchange Commission (SEC).
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And did I mention that this name’s primary business is mining Bitcoin (CCC:BTC-USD)? Those are two strikes for many investors. Plus, if you want a third, how about the fact that Marathon Digital is the parent company of notorious....More>>>
Not all profits have to be made off the big names like Apple Inc. (NASDAQ: AAPL) or Amazon.com Inc. (NASDAQ: AMZN). While those big names tend to dominate the headlines, the smaller, often overlooked companies can land the same – or even bigger – gains.
Chris Johnson, Quantitative Specialist for Money Morning, views penny stocks as the perfect plays for these big moves. “I’m talking shifts of 100%, 200%, 300% in a matter of days,” says Chris.
And right now, there’s one such penny stock that could rocket 177% higher.
In the years leading up to the novel coronavirus pandemic, financial advisors bemoaned that younger people weren’t investing in their future as did prior generations. However, the lockdowns and government stimulus checks helped spark a day trading revolution, which is positive in some regards. Still, when it comes to buying penny stocks popular on Reddit, I don’t think this is exactly what those advisors had in mind.
Now, before we roll into this discussion, I must lay out the groundwork. This is not financial advice. I am not an advisor. Merely, the purpose of this article....More>>>
Stifel Nicolaus downgraded shares of Echo Global Logistics (NASDAQ:ECHO) from a buy rating to a hold rating in a research report released on Monday morning, The Fly reports. Stifel Nicolaus currently has $48.25 target price on the transportation company's stock, up from their previous target pr
The Buckle, Inc. (BKE Quick QuoteBKE ) is likely to register top-line growth when it reports second-quarter fiscal 2021 numbers on Aug 20 before market open. This is quite evident from the sales increases in all the three months of the quarter. The apparel, footwear and accessories ret
DiDi Global (DIDI Quick QuoteDIDI ) has decided to shelve its plans of going public in the UK. Per a Reuters article, the Telegraph reported on this latest development that suggests the Chinese ride-sharing company to pull the plug on its strategy to become a publicly-traded entity in
Global headlines ranging from dour to disastrous appeared poised to send stocks to sizable losses early Monday, but the major indexes overcame the gloomy news and even managed to scratch out a couple new highs.
Earlier Monday, China announced weaker-than-expected e