Hot Penny Stocks to Buy Right Now? 3 For Your July Watchlist

3 Top Penny Stocks To Watch For In July 2021

Finding the best penny stocks to buy in 2021 can be a challenge. When we consider that there are many external factors influencing penny stocks of all kinds, we see that it is difficult to keep track of everything at once. However, if we take into account the current effects of inflation in addition to the course of the pandemic, we can adjust our watch lists for penny stocks accordingly.

Yesterday, July 13th, some less prominent news about inflation was released, but it was expected in the past few months. However, that news caused the S&P 500 to fall from its recent record high. Several earnings reports were released on Wednesday, July 14th, including Bank of America, Citigroup and Wells Fargo. Both the C share and the WFC share were able to beat both earnings and sales estimates, while the report on BA shares was mostly mixed.

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It seems like many investors are still scared of the pandemic, especially given the massive spike in cases attributed to the Delta variant. However, with vaccines still showing high efficacy against the variant, investors look to the future with optimism. As we can see, a lot depends on the next few months and what happens in that period. But in the meantime, here are three hot penny stocks to watch out for right now.

3 Hot Penny Stocks That You Should See Right Now

1. Sundial Growers Inc. (NASDAQ: SNDL)
2. Yamana Gold Inc. (NYSE: AUY)
3. Datasea Inc. (NASDAQ: DTSS)

Sundial Growers Inc. (NASDAQ: SNDL)

Sundial Growers Inc. is a penny stock that has increased in market value over the past few months. For those unfamiliar with it, Sundial is a company that makes and markets inhalable cannabis products such as pre-rolls, vapes, and marijuana buds. Sundial is involved in the manufacture and distribution of these products and has a very large market reach. The company’s brands include Palmetto, Sundial Cannabis, Top Lead, and Grasslands.

Sundial recently announced a CA $ 188 million commitment to SunStream Bancorp Inc. Now the company has increased its commitment to CA $ 538 million, which is a substantial increase. SunStream is a joint venture with Sundial and the SAF Group that is expected to benefit both companies. Additionally, it’s worth noting that Sundial Growers recently held a shareholders’ meeting on July 7th.

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Stocks that are frequently mentioned on social media are often referred to as “meme stocks”. SNDL has become a meme stock due to the many popular posts about the company in popular subreddits like r / wallstreetbets and r / wallstreetbetselite. This has added too much momentum for SNDL stock. In the past few weeks, the company’s average volume has grown to over 200 million. Will SNDL shares be on your watchlist with that in mind this week?

Yamana Gold Inc. (NYSE: AUY)

Yamana Gold Inc. is a mining penny stock that is currently showing increased popularity. In a sense, Yamana produces both gold and silver on its various properties around the world. It also has several projects under development as well as exploration sites that are being reviewed.

On July 12, the company announced that it will shortly release the results of its feasibility study update on its Wasamac project. This is a wholly owned Yamana project in the Abitibi-Temiscamingue area of ​​Quebec, Canada. This will take place on July 19 after the market closes. The announcement is a big deal and should give a lot of insight to investors. This insight will detail how and when this project can continue. While it will be some time before this study is published, it could be big news for the company and investors alike.

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In addition to this announcement, Yamana will also publish its financial and operating results for the second quarter after the market closes on July 29th. As we can see, there are many factors for Yamana that could affect its popularity in the market in the near future. While momentum has been relatively stable lately, these events are exciting to watch and should be included on your calendar if you are looking to keep a watch on AUY stock. With that in mind, do you think Yamana Gold is worth keeping an eye on in 2021?

Datasea Inc. (NASDAQ: DTSS)

During the pre-trading session, DTSS stock shot up a staggering 24%. YTD, the shares of DTSS are up around 45%. This is quite a large amount, especially considering the rest of the market during this time.

Why did Datasea soar in value this morning? Well, early on July 14th, DTSS announced that its wholly owned subsidiary Shuhai Zhangxun Information Technology Co. Ltd. has signed six sales and distribution agreements to deploy its 5G Message Marketing Cloud Platform (5G MMCP) in China.

“Datasea’s research and development team makes continuous efforts to improve and strengthen our products as we believe that a steady stream of improvements, if done carefully, will lead to transformative results.

Along with these efforts is our rapidly expanding nationwide distribution network, and I am very excited to be adding six new district partners. We are also observing an increasing demand and inquiries from customers and business partners about 5G MMCP. ”

Liu Zhixin, CEO of Datasea

This is big news and something to consider, especially when 5G takes over. With this technology still in its infancy, many investors are looking for tech penny stocks to work in this niche. So while today’s earnings are relatively speculative, it’s exciting for investors to ponder. However, whether it’s worth putting DTSS stocks on your watchlist is up to you.

Which penny stocks are you watching right now?

Investing in penny stocks in 2021 is about understanding what factors are currently affecting the market. Since there are so many to watch out for, it can appear like a minefield at certain times. But with the right research and access to information, every investor can be just as informed as the professionals. And the best trader will always be the one with the most research available.

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So when we factor in everything that’s currently happening in the stock market, we can start adjusting our list of penny stocks accordingly. With that in mind, what penny stocks are you watching?

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source https://thedailytradingnews.com/hot-penny-stocks-to-buy-right-now-3-for-your-july-watchlist/