4 Popular Penny Stocks To Watch Out For In July 2021
While finding the most popular penny stocks to watch can be a great strategy, there are a few other factors to consider. Depending on what type of investor you are, this includes where an industry or especially penny stocks can move in the short or long term.
Well, some of those who invest in penny stocks tend to do so for short term gains. This is the most popular strategy when it comes to trading penny stocks. However, others are trying to find penny stocks that may have long-term potential and are therefore pushing them out of the penny stocks realm.
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Regardless, understanding what type of trader you are and how you can use it to your advantage is extremely important. Given that the stock market has so much potential right now, there are hundreds of penny stocks to watch as well. With that in mind, here are four penny stocks to watch out for right now.
4 Hot Penny Stocks That You Should See Right Now
- Cemtrex Inc. (NASDAQ: CETX)
- Vinco Ventures Inc. (NASDAQ: BBIG)
- Advaxis Inc. (NASDAQ: ADXS)
- Tellurian Inc. (NASDAQ: TELL)
Cemtrex Inc. (NASDAQ: CETX)
As the tech industry grows every day, investors continue to look for the best tech stocks to watch out for right now. As part of this sector, Cemtrex is a leader in areas such as IoT, Artificial Intelligence, Computer Vision, Augmented Reality and Virtual Reality. In these sectors, CETX produces a range of consumer goods and is engaged in the manufacture of digital applications, surveillance systems and intelligent security.
While Cemtrex reported a drop in sales in its most recent report on the second quarter, the company attributes this to the pandemic. Covid served to curtail its operations, but it still incurred operating costs of around $ 5.9 million.
It’s worth noting that CETX saw its net income spike due to other income opportunities such as a settlement agreement and unrealized securities gains. What do you think of its potential for July and beyond, as CETX shares gain around 11% over the course of the year?
Vinco Ventures Inc. (NASDAQ: BBIG)
Another technology penny stock that should be considered right now is Vinco Ventures. We have been covering BBIG stock for quite some time due to its constant market dynamics and the trending nature of its business. In some contexts, the company is using its BIG strategy to encourage new opportunities and grow as a company.
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BBIG’s business model is to first acquire another company, where it then uses internal transportation platforms to scale the business for the best opportunities for long-term growth. Recently, BBIG announced plans to spin off Emmersive Entertainment to become a separate entity.
“This is a great opportunity for shareholders of record on Effective Date. The technology Emmersive continues to develop is industry-changing in my opinion, and we felt the best way to ensure shareholders get that value is to split the two companies and give shareholders the proverbial “two mouthfuls.” from the apple ”. We look forward to what Brian and the team can build and have full confidence in their performance. ”
Vinco Ventures CEO, Christopher Ferguson
This is big news for the company and investors alike, and it could prove to be a profitable endeavor over the long term. While it may take some time to see the financial benefits of this announcement, is BBIG stock worth a look in the meantime?
Advaxis Inc. (NASDAQ: ADXS)
The biotech industry has gained a lot of momentum in recent months. This is due to both the impact of the pandemic and the resulting focus on biotech stocks. And Advaxis has benefited greatly from both.
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This biopharmaceutical company is specifically focused on the clinical development of its proprietary active ingredients. In depth, ADXS is working on immunotherapies based on living attenuated Listeria monocytogenes (Lm). These Lm-based antigen delivery products are engineered to secrete antigen fusion proteins. In addition, these products are considered to be a novel technology in this field. Recently, Advaxis planned to merge with BioSight, an oncology company.
“After a thorough and thorough review of the strategic and potentially transformative options for Advaxis, we are very excited to announce a proposed merger with Biosight.
We believe that the combined company’s strong and diversified oncology pipeline, with late- and early-stage assets, short-term milestones, an experienced leadership team, and a focus on hematologic malignancies and solid tumors have the potential to deliver transformative benefits to patients while also providing value for our shareholders. ”
Kenneth A. Berlin, President and CEO of Advaxis
While mergers are quite common with biotech penny stocks, they are always exciting for both investors and the companies involved. And this merger should help fuel the future of both companies as they work to develop new compounds that will improve patient lives. With that said, is it worth adding ADXS stock to your list of penny stocks to keep an eye on?
Tellurian Inc. (NASDAQ: TELL)
Prices for gas and other energy costs are currently rising. This increase is due to inflation and increased demand for fossil fuels, energy penny stocks are doing well. As a major player in the US liquefied natural gas industry, Tellurian plays a significant role in the industry.
TELL is also focused on its M&A division, which has helped it break into several unique areas of the energy industry. Additionally, the recent development of its Driftwood LNG export facility in Louisiana is one of the persistent reasons so many investors show interest in TELL stock.
Charif Souki, Executive Chairman of Tellurian Inc., states that M and A’s continuing goal of the company is “a unique opportunity” for producers to merge with or be acquired by TELL. On July 16, Tellurian announced that it had terminated a contract with the French company TotalEnergies SE relating to the Driftwood LNG plant. It states: “The entire arrangement was terminated because it was inconsistent with the commercial arrangements that Driftwood … has made with other counterparties.”
Over the past six months, TELL stock is up a solid 44% or so. And in the past 12 months, that number has grown to over 264%. This is a substantial gain that should by no means be ignored by investors. In view of the current and future situation in the energy sector, will TELL be on your watch list in July?
Are popular penny stocks worthwhile?
Finding the best penny stocks to buy is about understanding how the markets move. While things are very volatile right now, many expect an economic recovery in the near future.
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For this reason, it is important to stay as informed as possible about any activity that could affect your penny stocks watchlist. But with so much potential in the market, making a profit on penny stocks can be easy. Given this, are popular penny stocks worth buying or not?
Midam Ventures, LLC | (305) 306-3854 | 1501 Venera Ave, Coral Gables, FL 33146 | news@pennystocks.com
source https://thedailytradingnews.com/popular-penny-stocks-to-buy-in-2021-heres-4-you-should-know-about-2/
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