July 9, 2021 7 min read

This story originally appeared on PennyStocks

10 Reddit Penny Stocks for Your July Watchlist

Reddit penny stocks remain some of the most popular choices for investors of all types. With so many penny stocks on Reddit discussed every day, making a decision can seem like a daunting task. But, that’s why we’re here! When making a penny stocks watchlist, the best first course of action is to understand what type of trader you are. This will help to narrow down your list substantially into companies that fit your risk profile, and companies that may be too risky for you.

The next step is arguably the most time-intensive, and that is the research stage. Because there are hundreds of companies on the list of penny stocks, picking only a handful and researching those, will and should take a good amount of time. This is the only thing standing between winning and losing in the stock market.

[Read More] Are These Hot Penny Stocks Worth Buying Right Now? 7 For Your List

The best investors are the ones who put the most time into researching their watchlists. And for this reason, information will always be key. It’s worth noting that penny stocks frequently discussed on Reddit, tend to be some of the most speculative and volatile out there. But, if this is something you’re looking for, then these penny stocks could be worth watching.

Keep in mind that this is a continuation of ‘Best Reddit Penny Stocks to Buy Now? 7 for Your July Small-Caps List’. So if you haven’t read that yet, go and give it a look. With this considered, here are three more Reddit penny stocks that investors are watching right now.

3 More Reddit Penny Stocks to Watch Right Now

8. Toughbuilt Industries Inc. (NASDAQ: TBLT)
9. Cemtrex Inc. (NASDAQ: CETX)
10. American Battery Metals Corp. (OTC: ABML)
11. SGOCO Group Ltd. (NASDAQ: SGOC)

Toughbuilt Industries Inc. (NASDAQ: TBLT)

Toughbuilt Industries is a penny stock that we’ve covered numerous times in the past few months. This includes on June 15th in the article ‘Best Reopening Penny Stocks To Watch As CA And NY Lift Restrictions.’

Today on July 9th, shares of TBLT skyrocketed by around 41% at midday. And while many penny stocks climb without news, a big announcement came out in mid-afternoon trading. In the afternoon, Toughbuilt announced that’s sales on amazon.com had increased by around 118% to over $5.4 million in only the first half of 2021. This represents more than double what it sold during the same period in 2020.

“The significant momentum of our Amazon.com sales in the first half of 2021 reflects the increasing strength of our brand across all product lines with professional and DIY builders throughout North America. As our online presence expands into Canada and Mexico, and U.S. sales continue to increase, we are simultaneously expanding our geographical footprint and launching new SKUs to capitalize on the strong demand for our innovative designs and features.”

Michael Panosian, CEO of Toughbuilt

This is big news and is the clear answer to why TBLT stock pushed up so much in today’s trading. Whether it is enough to make TBLT worth adding to your list of penny stocks, however, is up to you.

Cemtrex Inc. (NASDAQ: CETX)

Another big gainer of the day is CETX stock, pushing up by around 13% by midday. YTD, shares of CETX stock have shot up by over 17.3%, which is quite substantial. While no company-specific news came out today, we can look at some older announcements to see why this may have occurred.

Around two weeks ago, Cemtrex announced its second-quarter 2021 financial results. In the results, the company posted a decrease of around 20% in its revenue to $9.3 million over the same quarter of the previous year. However, the company attributed this decrease to the pandemic and its effects on the tech industry. Gross profit during the quarter stayed largely the same as Q2 2020, at around 42% of revenue.

One of the most positive numbers from the report comes as the company announced its net income shot up to $2.5 million from a net loss of $1.6 million in Q2 2020. This is solid news and shows that the company is growing, and reducing its losses. While Covid has affected businesses of all types, it is important to consider how it will affect companies moving forward. But, with these mostly positive numbers, CETX stock could earn a place on your watchlist.

American Battery Metals Corp. (OTC: ABML)

While ABML stocks gain of around 5.7% at midday is not as large as the others mentioned on this list, it is respectable. And, YTD shares of ABML stock are up by over 75% which is quite good compared to the market as a whole.

[Read More] Penny Stocks & 5 Stats To Know If You’re Trading Or Investing In 2021

For some context, American Battery Metals is a recycler and extractor of lithium-ion metals. It utilizes a clean technology platform to produce the materials used in the batteries that are in almost every electronic today. On July 8th, the company announced an update regarding its pilot plant in Fernley, Nevada. The update states that the company had been approved by the city of Fernley, for the mass grading permit regarding this new Lithium-Ion Battery Recycling Pilot Plant.

“Progress continues on our Lithium-Ion Battery Recycling Pilot Plant with the approval of our mass grading permit. The final step prior to site construction work is the submission and approval of the core/shell building permit next week.”

CEO of ABML, Doug Cole

This is big news for both the company and investors alike. And although this is just the beginning, it is an exciting update for traders to consider. So with this in mind, will ABML have a place on your penny stocks watchlist?

SGOCO Group Ltd. (NASDAQ: SGOC)

Arguably one of the largest gainers of the day is SGOC stock, pushing up by a staggering 595% or so at midday. This major gain means that at $17.15, SGOC is no longer a penny stock. While we don’t like to toot our own horn, we did discuss SGOC stock on July 8th in the article, ‘8 Top Tech Penny Stocks to Watch in July 2021’. In the past month, shares of SGOC have skyrocketed by a more than impressive 730%, including today’s gain.

So, why is SGOCO pushing up so much right now? While, it’s difficult to say for sure, but yesterday, we did witness a major trading halt which is common when stocks shoot up significantly in a trading day.

And, we could also assume that because it is highly discussed on Reddit and Twitter, there could be plenty of traders looking to capitalize on these short-term gains. It’s worth noting that when a stock shoots up as much as SGOC did today, it is clearly, very volatile. This means that just as quickly as it shot up, it could go in the other direction.

For some context, SGOCO Group Ltd. is a conglomerate with engagements in money lending throughout Hong Kong. This includes providing mortgage loans to borrowers, API services, and even blockchain and big data services. So, because of how broad it is, many believe that it could be well-positioned to take advantage of several burgeoning markets. But, whether it’s worth adding to your list of penny stocks to watch, remains up to you.

Are Reddit Penny Stocks Worth Buying?

Finding the best penny stocks on Reddit is all about understanding what makes them move. While it can be difficult to discover big gainers before they pop, using the available information will help to increase that chance.

[Read More] 9 Top Reddit Penny Stocks For Your Summer 2021 Watchlist

Because there are hundreds of penny stocks discussed on Reddit every day, it is a daunting task to think that you’ll be on top of everyone. But, all it takes is a few winners to consider yourself a profitable trader. With all of this in mind, what do you think? Are Reddit penny stocks worth buying?

To read about the rest of the penny stocks on this list head to Best Reddit Penny Stocks to Buy Now? 7 for Your July Small-Caps List

https://www.entrepreneur.com/article/376908

July 9, 2021 6 min read

This story originally appeared on StockNews
With the major benchmark indexes hitting new highs lately, most stocks are currently trading at sky-high valuations. However, there are still some quality value stocks in the market. Both Walmart (WMT) and General Motors (GM) are examples. They are well positioned to benefit from their industry tailwinds but look undervalued at their current price levels. But which of these two stocks is a better buy now? Let’s find out.

As the major benchmark indexes hover around their all-time highs thanks to optimism surrounding the economic recovery, most stocks are now trading at sky-high valuations. However, both Walmart Inc. (WMT) and General Motors Company (GM) look undervalued at their current price levels considering their solid growth potential driven by industry tailwinds.

WMT is a retailing company that operates a chain of hypermarkets, discount department stores, and grocery stores. It offers various retail outlets, including supercenters, supermarkets, hypermarkets, warehouse clubs, cash-and-carry stores, home improvement, specialty electronics, restaurants, apparel stores, drugstores, convenience stores, and digital retail.

GM designs, manufactures, and sells cars, trucks and automobile parts. It also provides automotive financing services through General Motors Financial Company, Inc. The company operates through the following segments: GM North America, GM International, Cruise and GM Financial.

While GM’s stock price has gained 124.6% over the past year, WMT has returned 12.2%. In terms of their past nine months’ performance, GM is a clear winner with 74.1% returns versus WMT’s negative returns. But which of these two stocks is a better pick now? Let’s find out.

Latest Movements

On June 29,  WMT and IBOTTA, a technology company that offers a free-to-use shopping platform, forged a strategic agreement to create and launch a new digital offers program on Walmart.com and the Walmart app. Through this new program, WMT’s customers will have access to hundreds of cash rebates on popular products, adding another dimension to the retailer’s everyday low price (EDLP) promise. WMT is optimistic about driving significant traffic and sales to its  stores and digital properties through this partnership.

In early July, GM agreed to form a strategic investment and commercial collaboration with Controlled Thermal Resources, a lithium resource and renewable energy company, to secure local and low-cost lithium. Lithium is a metal crucial to GM’s plans to make more affordable, higher mileage electric vehicles (EVs). By securing and localizing its  lithium supply chain in the U.S., both  companies are hoping to make powerful, affordable, high mileage EVs, while also helping to mitigate environmental impact and bring more low-cost lithium to the market.

Recent Financial Results

WMT’s total revenue increased 2.7% from the prior-year quarter to $138.31 billion for its fiscal year 2022 first quarter, ended April 30. Its net income came in at $2.73 billion, which represents a 31.6% decline year-over-year. The company’s adjusted EPS came in at $1.69, up 43.2% year-over-year.

For its fiscal first quarter, ended March 31, 2021, GM’s revenue was  $32.48 billion, down marginally from the prior-year quarter. The company’s adjusted net income increased 266.2% year-over-year to $3.29 billion. Its adjusted EPS increased 262.9% year-over-year to $2.25.

Past and Expected Financial Performance

WMT’s revenue has increased at a 3.7% CAGR over the past three years. Analysts expect the company’s revenue to decrease marginally for the current year and increase 2.5%  over the next year. Its EPS is expected to grow 8.9% for the current year and 4.7% next year. Furthermore,  its EPS is expected to grow at a 7.5% rate  per annum over the next five years.

In comparison,  GM’s revenue has declined at a 5.4% CAGR over the past three years. Its revenue is expected to increase 11.7% for the current year and 10.6% in the next year. The company’s EPS is expected to grow 29.8% for the current year and 8% next year. GM’s EPS is expected to increase at a 13.5% rate per annum over the next five years.

Profitability

WMT’s $562.84 billion trailing-12-month revenue is 4.6 times higher than GM’s $122.25 billion. Also,  WMT is more profitable, with a 25.1% gross profit margin versus GM’s 13.6%.

 WMT’s 7.6% and 12% respective ROA and ROTA compare favorably with GM’s 2.8% and 4%.

Valuation

In terms of forward EV/S, GM is currently trading at 1.31x, which is 63.8% higher than WMT’s 0.80x. However, in terms of forward EV/EBITDA, WMT is currently trading at 12.3x, which is 68.5% higher than GM’s 7.3x.

However, both GM and WMT are trading at multiples lower than their industry averages.

POWR Ratings

WMT has an overall A rating, which equates to a Strong Buy in our proprietary POWR Ratings system. However, GM has an overall C rating, which equates to Neutral. The POWR Ratings are calculated considering 118 different factors, each weighted to an optimal degree.

GM has a C grade for Quality. This is justified by its 4% ROTC, which is 25.6% lower than the 5.4% industry average. WMT, in comparison,  has a B grade for Quality. Its 12% trailing-12-month ROTC is 57.4% higher than the 7.6% industry average.

GM has a C grade for Stability. In comparison WMT has an A grade. However, both GM and WMT have a Value grade of B, which is reflective of their lower-than-industry valuation multiples.

Of the 57 stocks in the Auto & Vehicle Manufacturers industry, GM is ranked #22. In comparison, WMT is ranked #2 of 40 stocks in the A-rated Grocery/Big Box Retailers industry.

In addition to the POWR Ratings grades we’ve just highlighted, both GM and WMT are graded for Momentum, Sentiment, and Growth. Click here to see the additional ratings for GM. Also, get all WMT’s ratings here.

The Winner

While both GM and WMT are value stocks, WMT appears to be a better buy based on its better stability and profitability.

Our research shows that the odds of success increase if one  bets on stocks with an Overall POWR Rating of Buy or Strong Buy. Click here and here to learn about other top-rated stocks in the Auto & Vehicle Manufacturers industry. Click here to learn about the top-rated stocks in the A-rated Grocery/Big Box Retailers industry. 

Click here to check out our Automotive Industry Report for 2021

WMT shares were trading at $140.27 per share on Friday afternoon, up $0.68 (+0.49%). Year-to-date, WMT has declined -1.90%, versus a 17.11% rise in the benchmark S&P 500 index during the same period.

About the Author: Ananyo Guha Niyogi

Ananyo’s ardent interest in capital markets, wealth management, and financial regulatory issues, led him to a career as an investment analyst. His goal is to educate individual investors by making complex financial issues easy to understand.

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The post Walmart vs. General Motors: Which Value Stock is a Better Buy? appeared first on StockNews.com https://www.entrepreneur.com/article/376913

June 29, 2021 5 min read

This story originally appeared on StockNews
Bullish market sentiment drove the widely watched benchmark index, Dow Jones Industrial Average (DJIA), to a record high last month. And given the favorable macroeconomic backdrop, the DJIA is expected to remain near its record high in the coming months. So, we think DJIA constituents Walmart (WMT) and McDonald’s (MCD) are attractive bets now. Let’s discuss.

Equity indices are currently hovering near their all-time highs owing to the U.S.’ robust vaccination drive and fast-paced macroeconomic recovery. The second oldest U.S. benchmark index, the Dow Jones industrial Average (DJIA), hit its 35,091.56 all-time high on May 10, 2021. DJIA has gained 33.9% over the past year and 12% year-to-date. And given the current economic recovery, the widely watched benchmark index is expected to remain near its record high in the near term.

The benchmark indexes’ latest surge can be attributed primarily to President  Biden’s declaration of the infrastructure deal with a bipartisan group of senators on June 24. Also, the Fed’s ultra-loose monetary policy should continue to buoy stock markets in the near term.

Given this backdrop, we think two popular Dow Jones stocks, Walmart Inc. (WMT) and McDonald’s Corporation (MCD) should be value additions to one’s portfolio.

Walmart Inc. (WMT)

WMT is the largest retailer in the world, operating in 24 countries and e-commerce websites, offering a wide range of daily needs items. The company operates through three segments: Walmart U.S., Walmart International, and Sam’s Club.

On June 24, WMT announced that the Walmart MoneyCard issued by Green Dot (GDOT) will now be offered as a demand deposit account to enhance customer convenience and offer exclusive cash back services.

On June 17, WMT’s CEO unveiled its partnership with DroneUp to create a delivery network operated by drones. This should allow WMT to strengthen its e-commerce business and expand its market reach, while reducing its operating costs.

On May 27, WMT and Gap Inc. (GPS) announced a strategic partnership to launch Gap’s new home collection exclusively on Walmart’s retail platform, which was expected to  be available from June 24. This partnership should enable WMT to attract more customers in the WMT zone with the addition of GAP’s signature collection.

WMT’s net sales increased 2.6% year-over-year to $137.16 billion in its  fiscal first quarter, ended April 30. Its operating income grew 32.3% from its  year-ago value to $6.91 billion. WMT’s revenues came in at $138.31 billion, representing  a 2.7% rise year-over-year. Its cash and cash equivalents balance rose 52.8% from the prior year quarter to $22.89 billion over this period.

A $567.47 billion consensus revenue estimate for the next year indicates a 2.5% increase year-over-year. The Street expects the company’s EPS to rise 4.7% to $6.25 next year. WMT has an impressive earnings surprise history also;  it beat the consensus EPS estimates in three of the trailing four quarters. Shares of WMT have gained 16.7% over the past year to close yesterday’s trading session at $138.10.

It is no surprise that WMT has an overall A rating, which equates to Strong Buy in our proprietary POWR Ratings system. The POWR Ratings are calculated considering 118 different factors, with each factor weighted to an optimal degree.

The stock also has an A grade for Stability and Sentiment, and a B grade for Value and Quality. Among the 39 stocks in the A-rated Grocery/Big Box Retailers industry, WMT is ranked #2.

Beyond what we’ve stated above, we have also rated WMT for Momentum and Growth. Click here to view all WMT Ratings.

McDonald’s Corporation (MCD)

MCD is one of the most popular food joints operating around the globe. The company’s segments include U.S., International Lead Markets, High Growth Markets, and Foundational Markets and Corporate. MCD offers various food products and beverages, as well as a breakfast menu in more than  100 countries.

On May 20, MCD announced its new investment plans to accelerate the allocation of advertising dollars to diverse-owned media companies, production houses and content creators, which should contribute significantly to the company’s overall marketing strategy and goals.

MCD’s revenues increased 9% year-over-year to $5.12 billion in its fiscal first quarter, ended March 31. Its operating income grew 35% from its  year-ago value to $2.28 billion, while its net income improved 39% year-over-year to $1.54 billion. The company’s EPS increased 39% year-over-year to $2.05.

Analysts expect MCD’s revenues to increase 47.9% year-over-year to $5.56 billion in its  fiscal second quarter, ending June 2021. A $2.09  consensus EPS  for the current  quarter indicates a 216.8% rise from the same period last year. Shares of MCD have gained 28.6% over the past year, and 7.7% year-to-date.

MCD has an overall A rating, which equates to Strong Buy in our proprietary POWR Ratings system. The stock also has an A grade for Quality, and a B grade for Growth, Stability, Sentiment, and Momentum. Among the 45 stocks in the A-rated Restaurants industry, MCD is ranked #5.

To see more of MCD’s component grades, click here.

WMT shares were trading at $137.62 per share on Tuesday afternoon, down $0.48 (-0.35%). Year-to-date, WMT has declined -3.75%, versus a 15.05% rise in the benchmark S&P 500 index during the same period.

About the Author: Subhasree Kar

Subhasree’s keen interest in financial instruments led her to pursue a career as an investment analyst. After earning a Master’s degree in Economics, she gained knowledge of equity research and portfolio management at Finlatics.

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The post 2 Best Buys on the Dow Right Now appeared first on StockNews.com https://www.entrepreneur.com/article/376109

June 28, 2021 7 min read

This story originally appeared on StockMarket

Do You Have These Top Software Stocks In Your July 2021 Watchlist?

As we begin another week of trading, tech investors are likely in good spirits given the latest recovery in tech stocks. By extension, this would draw attention to some of the top software stocks in the stock market now as well. If anything, the world’s reliance on the software industry continues to grow with time. From our electronic devices to the cars we drive and even our core infrastructure, software is present. Not to mention, the current pandemic has and continues to act as a catalyst accelerating digital acceleration trends across the board. Notably, software is a crucial facilitator amidst all this. It would make sense then that software stocks could be among the most active stocks now.

For instance, we could look at the likes of Tyler Technologies (NYSE: TYL) and PayPal (NASDAQ: PYPL). On one hand, Tyler Tech serves as a software provider for public sector bodies in the U.S. According to Baird analyst Rob Oliver, TYL stock stands at a Buy rating with a $500 price target. Oliver cites the company’s shift towards a subscription-first model and its re-platforming to Amazon (NASDAQ: AMZN) Web Services as core reasons for this outlook. On the other hand, merchants and consumers across the globe continue to rely heavily on PayPal’s services today.

While both companies work in different fields, software is a core component of their services, nonetheless. These are but two instances among the vast applications for software in our tech-reliant world today. Should all this have you keen on software stocks now, here are five to consider in the stock market today.

Best Software Stocks To Watch Now

Square Inc.

Square is a company that builds tools to empower businesses and individuals all across the globe. Its software allows Sellers to reach buyers online and in-person. Its platform also allows Sellers to manage their business and access financing. The financial services company has seen impressive gains in market share as more users have turned to its digital payments solution. SQ stock currently trades at $246.60 as of Monday’s closing bell and has enjoyed gains of over 120% in the last year.

In May, the company posted stellar first-quarter financials. Firstly, Square posted a gross profit of $964 million, up by 79% year-over-year. Its Seller ecosystem generated a chunk of that profit, at $468 million, a 32% increase compared to a year earlier. The company’s upmarket sellers experienced strong growth, where its mid-market Seller gross payment volume (GPV) increased by 43% year-over-year. Given these reasons, will you consider adding SQ stock to your watchlist?

Read More

Microsoft Corporation

Microsoft is a software company that has pioneered digital transformation for the era of an intelligent cloud and intelligent edge. The company’s software is used by billions of people all over the world. MSFT stock currently trades at $268.72 as of Monday’s closing bell. ET and has been up by over 20% year-to-date. Recently the company unveiled its new Windows 11 update, which could be slated to be released in October this year.

In the showcase last Thursday, Windows 11 will be Microsoft’s first major operating system revamp since 2015. The company is giving Apple’s (NASDAQ: AAPL) business model a run for its money by focusing on a new Windows Store. It will let developers use their own in-app payment systems and pay no commissions to Microsoft. The new Windows 11 will also let users both find and run Android mobile applications on their laptops and PCs, thanks to technology provided by Amazon and Intel (NASDAQ: INTC). All things considered, will you watch MSFT stock?

[Read More] What Are The Best Stocks To Invest In? 5 EV Stocks To Watch Now

Nvidia Corporation

Nvidia is a multinational technology company that is based in Santa Clara, California. The company’s software is used to power a wide array of products, from AI to data analytics and gaming. It pioneered the graphics processing unit (GPU) industry and brought game-changing progress to the gaming and data center segments. NVDA stock currently trades at $799.40 at the end of Monday’s trading session and has more than doubled in the last year.

Today, the company announced that it will be extending support for Arm-based CPUs in the Nvidia Aerial A1000 AI-on-5G platform, bringing more choice to its 5G ecosystem. The move will help Nvidia’s clients deploy intelligent services more easily by enabling the world’s leading OEMs to offer industry-standard servers running this CPU. For these reasons, is NVDA stock worth watching?

[Read More] Best Stocks To Invest In Before July 2021? 4 Biotech Stocks To Know

BlackBerry Ltd

Another hot software company to know now would be BlackBerry Ltd. For the most part, the Canadian cybersecurity company would be on investors’ radars now. Initially, BlackBerry’s shift towards the digital security business would be a strategic one given the recent rise in cyberattacks this year. Furthermore, the company’s growing reach and influence in the software industry continue to grow as well. This would be the case as its intelligent security software offerings are actively employed by enterprises and governments alike. BB stock currently trades at $12.80 a share to close out Monday’s trading day.

At the same time, BB stock is also among the arguably infamous group of meme stocks making waves in the stock market this year. This would boost awareness of the company and its offerings to a certain extent as well. On the financial front, BlackBerry also appears to be gaining momentum. In its recent quarter fiscal, the company posted better than expected figures in terms of revenue. CEO John Chen believes that increased demand for BlackBerry’s electric vehicle software contributed to an overall solid quarter for the company. Given all of this, will you be keeping an eye on BB stock now?

[Read More] Good Stocks To Buy Right Now? 4 Advertising Stocks To Watch

Perion Network Ltd

Last but not least, we will be looking at Perion Network Ltd. In brief, Perion is an Israel-based ad-tech company that provides engagement and monetization services. It primarily does so for web and mobile-based digital businesses. Simply put, Perion employs software to offer comprehensive business solutions, enabling brands and advertisers to optimize their operations globally. With people spending more time online than ever, Perion’s services would be increasingly viable today. Likewise, demand for PERI stock appears to be on the rise as well thanks to its latest earnings report.

Earlier today, the company posted a positive update in the form of preliminary second-quarter figures. In it, Perion saw a 74% year-over-year surge in total revenue for the quarter. As a result, investors have driven PERI stock up by over 16% during Monday’s trading session. The company’s shares closed Monday’s trading session at $21.70. According to CEO Doron Gerstel, Perion’s advertising business continues to outpace the industry’s growth rates. This paired with the company’s investments in R&D delivering significant returns are key reasons why Perion is increasing its full-year outlook. On that note, would you consider PERI stock worth watching ahead of July?

https://www.entrepreneur.com/article/375962

June 27, 2021 12 min read

This story originally appeared on PennyStocks

Biotech Penny Stocks Remain A Focus Heading Into Q3 2021

Penny stocks are well known for their high risk and high reward potential. There aren’t many places where you can buy into an early-stage company, see shares rise 100% or more, and take profit all within a single day or week. Traders seek catalysts for potential moves then speculate on that catalyst ahead of time, in many cases. This can be something like upcoming earnings results, pending retail data, or, in the case of biotech stocks, upcoming FDA decisions, or trial data.

Compared to companies in the materials sector, retail, or even energy, biotech companies tend to pre-announce news. What I mean by this is that you’ll frequently see these companies release news of when they expect to report an event. Again this might be an FDA decision, trial data, “additional trial data,” an industry presentation, or something else. It’s one of the unique things about biotech that attracts momentum hunters.

[Read More] 9 Hot Penny Stocks To Watch Right Now, Analyst Targets Up To 290%

Even if the news is bad on the announcement day, speculation can trigger a bullish trend leading up to the official date. This is where the famous saying, “buy the rumor, sell the news,” takes on a bright light. It’s also where we see the “Robinhood traders” becoming a source of speculation. Since it is one of the most widely used platforms among retail traders, the focus, when it comes to penny stocks, is on Nasdaq & NYSE-listed companies. The reason is simple: Robinhood and apps like Webull generally restrict access to other penny stocks like those trading on the OTC.

Biotech Penny Stocks To Watch This Week

Now we’ve got our base case laid out. Something to consider next is timing. Companies will typically do one of two things. They’ll either announce a specific date or conference to present at, or they’ll discuss a broader period. This could be something like “the end of X month” or “in the X quarter or half of the year.”

Right now, we’re approaching a potentially active period of the year. Not only is it the end of the month, but it’s also the end of the quarter and the first half of the year. It’s time to call in all those updates stating “by the end of June, Q2, H1 or before Q3, H2 2021.” With this in mind, here are 12 biotech penny stocks to watch this week with previously announced event dates to keep in mind.

So let’s dive in and see exactly what might be ahead considering we’re in “Late June,” the 29th is Tuesday, and Q2 2021 ends this week.

Robinhoood Penny Stocks To Watch This Week #1: Hepion Pharmaceuticals (NASDAQ: HEPA)

Hepion Pharmaceuticals focuses on developing treatment candidates for non-alcoholic steatohepatitis or NASH. Its CRV431 – AMBITION NASH study completed enrollment earlier this quarter and is the center point of focus right now. Hepion’s June investor deck* shows that this NASH clinical program anticipates Phase 2a data in “Q2” 2021. With the enrollment completion announced in early May, it’s important to keep the study’s timeline in mind. In a May 6th update, Hepion said, “After completion of 28 days dosing with either CRV431 or placebo, study subjects will be monitored for an additional 14 day period.”

2. Daré Bioscience, Inc. (NASDAQ: DARE)

Shares of Daré have climbed over the past week on above-average volume. This may have been due, in part, to a recent company presentation at the 2021 BIO Digital events. President and CEO Sabrina Martucci Johnson gave an overview of the company’s portfolio at this event. One of its products, DARE-BV1, could be the center of focus heading into the end of the quarter. That’s because Daré previously announced plans to submit a New Drug Application (NDA) to the U.S. FDA this quarter.

[Read More] Tech Penny Stocks Are in Focus, Here’s Why And 7 to Watch

DARE-BV1 is a hydrogel used for treating bacterial vaginosis. Previous data has already shown that the treatment delivered “statistically significant efficacy” in the intent-to-treat population. . It also showed improved clinical cure rates compared to current branded products. Furthermore, according to the company’s March 30th, 2021 PR, “Fast track and Qualified Infectious Disease Product (QIDP) designations allow for a priority review request at the time of NDA submission, which, if granted by the FDA, could lead to a 2021 PDUFA goal date.”

3. Palisade Bio, Inc. (NASDAQ: PALI)

You might know Palisade Bio by its former name, Seneca Biopharma (f/k/a SNCA), or a private company, Leading BioSciences. The two joined forces earlier this year in a merger that resulted in the formation of this new company. Palisade focuses on therapies for gastrointestinal complications stemming from post-op digestive enzyme damage. Earlier this month, the company announced that a Phase 2 study of its LB1148 treatment candidate expects preliminary top-line data “by the end” of the second quarter. This treatment is the company’s candidate for post-surgical GI complications. Heading into the week, the countdown begins to see if Palisade delivers on the previously announced milestone. Overall, PALI stock doesn’t seem to have experienced any unusual market activity so far.

4. Ocuphire Pharma, Inc. (NASDAQ: OCUP)

In May, Ocuphire announced a potential milestone period for investors to note. The company focuses on ophthalmic pharmaceutical development. In particular, Ocuphire has been building upon efforts to advance its Nyxol candidate in treating multiple indications for eye care.

Read More

The company has built an estate of patent and patent applications around the treatment. This month, in particular, could be an important one for the company. Ocuphire previously announced that top-line data from its VEGA-1 Phase 2 presbyopia trial is expected by the end of June.

5. Kintara Therapeutics, Inc. (NASDAQ: KTRA)

Another one of the biotech penny stocks with pending data to report is Kintara. Earlier this quarter, the company announced that it completed enrollment of the recurrent arm of a Phase 2 clinical study of its VAL-083 at MD Anderson Cancer Center. This is the company’s candidate for treating glioblastoma multiforme. This current study is anticipated to report top-line results this quarter. VAL-083 has previously shown clinical activity against several cancers. These include central nervous system, ovarian, and other solid tumors (e.g., NSCLC, bladder cancer, head, and neck) in U.S. clinical trials sponsored by the National Cancer Institute.

Robinhoood Penny Stocks To Watch This Week #6:Diffusion Pharmaceuticals Inc. (NASDAQ: DFFN)

Diffusion Pharma focuses on ways to deliver oxygen to the body in areas that need it most. Its trans sodium crocetinate (TSC) is being developed for peripheral tissue oxygenation to prevent hyperoxia. Heading into this week, details from a May 10th release bring TSC into focus. The company announced that data from a Phase 1 study would be completed and announced by the end of the second quarter. Diffusion trial is evaluating the effects of TSC on peripheral tissue oxygenation using a transcutaneous oxygen monitoring device. Last week, CEO Robert Cobuzzi, Jr., Ph.D., presented at the Life Sciences Investor Forum on June 24th.

7. MediWound Ltd. (NASDAQ: MDWD) & Vericel Corporation (NASDAQ: VCEL)

Late last year, the FDA accepted Vericel’s Biologics License Application submission for NexoBrid. This is the company’s candidate for eschar removal in adults with deep partial-thickness/ full-thickness thermal burns. “The FDA’s acceptance of the NexoBrid BLA for review represents another important milestone toward our goal of providing a new standard of care for eschar removal in patients with severe burns,” said Nick Colangelo, President, and CEO of Vericel Corporation (NASDAQ: VCEL).

[Read More] 7 Penny Stocks On Robinhood To Watch In June 2021

The FDA assigned a Prescription Drug User Fee Act (PDUFA) target date of June 29th. Considering that this is coming up on Tuesday, VCEL stock could have a potentially volatile week ahead, depending on the outcome. How is MediWound tied into this? Vericel holds an exclusive license from MediWound Ltd. for North American rights to NexoBrid®.

8. AzurRx BioPharma, Inc. (NASDAQ: AZRX)

Another company focusing on gastrointestinal diseases is AzurRx Biopharma. The company’s MS1819, in particular, is being developed and evaluated in a Phase 1 trial for treating severe exocrine pancreatic insufficiency in cystic fibrosis patients. Interim data from the first 18 patients in the 20 patient trial showed meaningful interim data already. According to the company, the treatment in combination with the current standard of care showed potential to help 25-30% of refractory cystic fibrosis patients unable to gain adequate nutrition. Full top-line results from all 20 patients are expected to be reported this quarter. So heading into the week, the countdown has begun.

9. Cerecor Inc. (NASDAQ: CERC)

Cerecor is a company focusing on developing treatment candidates for immunology, oncology, and rare diseases. This week, its CERC-002 treatment could be a focus for the market. This is Cerecor’s Crohn’s disease treatment. It has already demonstrated improvement in a primary endpoint of a Phase 2 COVID-19 acute respiratory distress syndrome trial. As far as the week is concerned, the company’s June investor deck** showed that initial data from severe pediatric-onset Crohn’s is expected in Q2.

10. Optinose (NASDAQ: OPTN)

This has been a relatively flat year for OPTN stock. However, the coming week could be an important one for those with Optinose on their watch list. The company specializes in ear, nose, throat, and allergy treatments. It has a pipeline of different assets, all targeting different treatment types. Right now, its OPN-019 could be the more immediate focus.

Read More

This is Optinose’s candidate for treating those who’ve tested positive for SARS-CoV-2, are recently infected, and who have mild or no symptoms. In March, the company announced the plan to conduct this proof of concept study. It was designed to evaluate the magnitude and duration of viral load reduction after a single dose for OPN-019. While regulatory approval was pending at the time of a May update, the company said it expected topline data this quarter.

11. NeuroBo Pharmaceuticals, Inc. (NASDAQ: NRBO)

NeuroBo’s ANA001 treatment could be a point of focus this week. The company is designing it as a potential treatment for moderate to severe COVID-19. Right now, NeuroBo is advancing a 60-patient Phase 2/3 clinical trial.

In a late-May update, Richard J. Kang, Ph.D., President and Chief Executive Officer of NeuroBo, explained, “We remain on track to report the data monitoring committee safety results of this study and pharmacokinetic (PK) data from the Phase 1 in the second quarter. In order to enhance enrollment in the Phase 2/3 study, we are in the process of expanding to sites in the U.S. where the number of COVID-19 cases are increasing and including clinical sites in countries overseas where COVID-19 is growing, and vaccinations are well behind the U.S. In addition, we expect to report preclinical in vitro data demonstrating Gemcabene’s ability to treat COVID-19 variants alone and in combination with ANA001.”

12. Lineage Cell Therapeutics, Inc. (NYSE: LCTX)

Lineage has been a top performer for the better part of the last year. Since last summer, LCTX shares have climbed from under $0.80 to over $3 earlier this year. Now, heading into the new week, the penny stock is back above $3 with the company expected to release updates sometime “in Q2.” In light of the current timing, there aren’t many days left for this to be done. Here’s the “skinny” on why I say this.

Last month, Lineage gave its Q1 2021 update. Its lead drug candidate, OpRegen. Lineage has this under development for treating Dry Age-related Macular degeneration – AMD – with Geographic Atrophy – GA. Previous clinical data has already shown that OpRegen is “suggestive of clinically meaningful benefits,” most notably in early-stage disease patients. In particular, last month, the company announced that it would be presenting more interim data from its Phase 1/2a study “anticipated” in Q2.

Penny Stocks To Buy Or Avoid Right Now?

Clearly, it’s important to do your research when it comes to biotech stocks. Not only is this to prepare for any upcoming events but to also not get blindsided either. For instance, if you look at just the last few weeks of information from a company and see promise, you might miss some of the information reported as far back as months or years ago about what’s to come.

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I talked about Vericel earlier. It gave its June 2021 PDUFA target date in September of 2020. Things like this aren’t uncommon either. If you don’t know that there’s an important event planned, it could be harmful if things come out less than favorable. So you can see how not knowing an update from so far back could pose a potential risk. At the same time, it can also be a happy surprise if the news is good. At the end of the day, however, it’s essential to know the corporate landscape. After reading this article, however, you’ll have additional information to keep in mind heading into the final days of the month, quarter, and half.

End Notes:

• *https://hepionpharma. com/wp-content/uploads/2021/06/Corporate-deck-June-2021-FINAL. pdf
• **https://d1io3yog0oux5.cloudfront. net/_c9dce8b9ea83152afd4224eb4cb0a98f/cerecor/db/282/1110/pdf/Cerecor+Jefferies+Virtual+Healthcare+Conference+2JUNE2021. pdf

https://www.entrepreneur.com/article/375828

June 27, 2021 6 min read

This story originally appeared on StockMarket

Do You Have These Top Tech Stocks In Your Portfolio Now?

With the hype around the reopening trade taking a breather, tech stocks appear to be on the rebound in the stock market today. This would be the case as investors looking to diversify or redistribute their assets rotate back to growth names. Evidently, the tech-heavy Nasdaq composite continues to climb towards newer heights this week. If anything, the current trajectory of tech stocks makes sense. As reopening stocks received a ton of attention for the first half of 2021, tech stocks dipped. Despite all of this, the growth story behind some of the top tech stocks remains. In theory, this could see some of them being marked as undervalued stocks in the current market.

Even now, investor interest in the tech industry continues to build. For example, medical tech company Doximity (NYSE: DOCS) saw its share prices more than double in its stock market debut last week. The online networking service for medical professionals employs tech to connect doctors with medical communities. Meanwhile, tech giant Google (NASDAQ: GOOGL) recently provided an update on its third-party ad tracking policy. Subsequently, ad tech companies such as The Trade Desk (NASDAQ: TTD) and PubMatic (NASDAQ: PUBM) gained by over 10% in the same day. By and large, the momentum in tech appears to be building again. Should all this have you keen to join the movement yourself, here are four worth knowing now.

Best Tech Stocks To Buy [Or Sell] This Week

Virgin Galactic Holdings Inc.

Virgin Galactic is a tech company that focuses on spaceflight. In detail, it develops commercial spacecraft and aims to provide suborbital spaceflights to space tourists. The vertically integrated aerospace company has essentially pioneered human spaceflight for private individuals and researchers. Investors seem to be responding to news that the company released last week.

Diving in, the company announced that the Federal Aviation Administration (FAA) updated the company’s existing commercial space transportation operator license to allow the spaceline to fly customers to space.

Virgin Galactic also announced that it has completed an extensive review of data gathered from its May 22 test flight and confirmed that the flight performed well against all flight objectives. This approval from the FAA is further validation of the company’s methodical testing program as it has met the verification and validation criteria required by the FAA. All things considered, is SPCE stock worth adding to your portfolio?

Read More

Apple Inc.

Apple is a multinational tech company that specializes in consumer electronics, software, and online services. From its flagship iPhones to its revolutionary Macbooks, the company has taken the world by storm in the last decade, with its high level of brand loyalty. Recently, the company announced that its Apple Search Ads have finally arrived in mainland China. The feature allows developers to bid on an advertising slot based on users’ keyword searches in the App Store. 

In late April, the company also announced record second-quarter financials. Its revenue was a whopping $89.6 billion, up by 54% year-over-year and quarterly earnings per diluted share of $1.40.

CEO Tim Cook said, “Apple is in a period of sweeping innovation across our product lineup, and we’re keeping focus on how we can help our teams and the communities where we work emerge from this pandemic into a better world. That certainly begins with products like the all-new iMac and iPad Pro, but it extends to efforts like the 8 gigawatts of new clean energy we’ll help bring onto the grid and our $430 billion investment in the United States over the next 5 years.” For these reasons, is AAPL stock worth buying?

[Read More] Top Stocks To Buy This Week? 4 Health Care Stocks To Watch

BlackBerry Limited

Another upcoming player in the tech world to know now would be BlackBerry. Most would know the company from its days as a smartphone developer. These days, BlackBerry is in the cybersecurity business where demand is, arguably, at an all-time high. Meeting these demands, the company offers organizations a wide array of digital security solutions now. These include but are not limited to critical event management and endpoint protection. Moreover, BlackBerry also employs artificial intelligence and machine learning to secure the Internet of Things-based applications against cyberthreats. Because of all this, I could see investors eyeing BB stock now.

Sure, some would mention that BB stock is currently a meme stock. While that may be true, the potential growth of the company should not be overlooked. In its latest quarter fiscal posted yesterday, BlackBerry reported solid figures. Namely, the company exceeded Wall Street’s estimates in terms of quarterly revenue. While doing so, it also reported narrower-than-expected losses.

For the most part, CEO John Chen cites an uptick in electric vehicle (EV) sales as a key growth driver for its products. This would be the case as BlackBerry’s cutting-edge QNX software powers EVs from the likes of Ford (NYSE: F) and General Motors (NYSE: GM). Given all of this, would you BB stock a top buy now?

[Read More] What Are The Best Stocks To Invest In? 5 EV Stocks To Watch Now

Nvidia Corporation

Following that, we will be looking at a top semiconductor company, Nvidia. Primarily, the company designs industry-leading graphics processing units (GPUs). The likes of which cater to the gaming and cryptocurrency mining markets. Aside from that, Nvidia also designs and manufactures system-on-a-chip units for the mobile computing and automotive industries. Given the prevalence of the company’s offerings in our tech-based world today, NVDA stock would be on tech investors’ watchlists now. As it stands, NVDA stock is currently looking at year-to-date gains of over 45%.

For one thing, analysts seem to believe so. Just last week, Jefferies (NYSE: JEF) and Bank Of America (NYSE: BAC) provided rosy updates on NVDA stock. Firstly, Jefferies analyst Mark Lipacis raised his price target to a high of $854 a share. Lipacis cites Nvidia’s “decade-long investment” in the Compute Unified Device Architecture (CUDA) platform, providing the company a “multi-year competitive advantage”.

Secondly, BAC analyst Vivek Arya reiterated his Buy rating on NVDA stock, raising his price target to $900 from $800. The analyst argues that Nvidia’s fast-expanding portfolio will be a key contributor to Nvidia reaching its $30 billion revenue projections. Overall, the company does not seem to be resting on its laurels now. With the expected uptick in semiconductor production and sales, will you be investing in NVDA stock?

https://www.entrepreneur.com/article/375826

June 26, 2021 6 min read

This story originally appeared on StockMarket

Are These The Best Leisure Stocks To Buy This Week?

Given the state of the stock market today, investors may want to consider looking at some of the top leisure stocks now. Why? Well, for starters, there appears to be a shift from reopening stocks back towards pandemic growth names. This would likely be due to conflicting views on the current state of the economy. On one hand, key inflation indicators continue to hit record highs. Earlier today, the May core personal consumption expenditures price index rose by 3.4% year-over-year, its largest surge since 1992. While this would alarm some, the Federal Reserve, on the other hand, believes that there is no cause for concern now. Regardless of how things may turn out, leisure stocks are viable plays on both sides of the current trade.

For starters, leisure stocks that flourished throughout the pandemic would be in focus now. Understandably, these are your video streaming and digital entertainment stocks such as Fubo (NYSE: FUBO) and DraftKings (NASDAQ: DKNG). After shedding some of their pandemic gains earlier this year, investors may be seeing more undervalued stocks in the sector. Alternatively, there are also options for investors who see the long-term potential within more in-person leisure stocks as well. As the reopening trade begins to cool off now, travel companies like Royal Caribbean (NYSE: RCL) and Airbnb (NASDAQ: ABNB) could be trading at more reasonable prices.

With all these possible entry points into the leisure trade now, I can understand if investors are keen to hop on. On that note, take a look at these three top leisure stocks making moves in the stock market now.

Top Leisure Stocks To Buy [Or Sell] Today

Netflix Inc.

Netflix is a leisure company that focuses on premium content and production. The company is at the forefront of the streaming industry and is leading the change in replacing linear TV. By offering on-demand content through apps that run on phones, computers, and smart TVs, it enables users to binge-watch and catch up on their favorite programs instantly. Existing linear TV does not offer that and is at a competitive disadvantage. Given how most parts of the world were in lockdown in the last year, Netflix has exploded into popularity.

In late April, the company reported that its revenue grew by 24% year-over-year at $7.16 billion and was in line with its forecast. Operating income was a cool $1.96 billion, an increase of 27.4% compared to a year earlier. The company also ended the quarter with 208 million paid memberships, representing a 13.6% increase year-over-year. It continues to anticipate a strong second half with the return of new seasons of some of its biggest hits and with an exciting film lineup.

Today, Credit Suisse also upgraded Netflix from a Neutral rating to an Outperform rating and maintained a price target of $586. The bank said it expects subscriber growth to normalize and that its recent consumer survey reinforced Netflix’s strong competitive position. The firm also sees a strong August to December pipeline on releases with “numerous potential top-of-funnel titles” according to analyst Douglas Mitchelson. He also expects a stronger full-year slate in 2022 vs 2021. All things considered, do you think NFLX stock is worth buying?

Read More

Penn National Gaming Inc.

Penn is an operator of casinos and racetracks. In essence, it owns and operates over 40 gaming and racing properties in 19 states. It also offers live sports betting at its properties in Colorado, Illinois, Indiana, Iowa, and Michigan among others. The company’s properties feature over 50,000 gaming machines, 1,300 table games, and 8,800 hotel rooms. PENN stock has more than doubled in valuation in the last year.

The company had an exciting month in May as it announced that it had received final approval from the Maryland Lottery and Gaming Control Commission to acquire the operations of Hollywood Casino Perryville. Penn also announced the launch of its Barstool Sportsbook mobile app on iOS and Android as well as for desktop users.

On May 6, 2021, the company reported strong first-quarter financials. Firstly, it posted a revenue of $1.27 billion. Despite the pandemic-related restrictions and closures in January, visitation and length of play continue to improve across all age segments of its user database. The company says it has also enjoyed volumes in the month of March that have not been seen since 2019. For its physical properties, Penn also says that it continues to see spend-per-visits that are much higher than it was pre-pandemic. Given all of these favorable trends for Penn, will you consider buying PENN stock?

[Read More] What Are The Best Stocks To Invest In? 5 EV Stocks To Watch Now

Carnival Corporation

Carnival is the world’s largest leisure travel company. It provides travelers around the globe with extraordinary vacations at an exceptional value. The company’s portfolio of brands includes AIDA Cruises and Princess Cruises. Carnival also boasts a fleet of over 80 ships that are capable of investing over 700 ports around the world. CCL stock has been up by over 70% in the last year.

Notably, things appear to be heating up on the operational front for Carnival now. Yesterday, the company revealed that its advanced booking volumes are up by 45% quarter-over-quarter. On top of that, Carnival’s cumulative advanced bookings for the year 2022 have already outpaced its 2019 bookings so far. Adding to that, CEO Arnold Donald also provided an optimistic update on the company’s balance sheet. He said, “We have liquidity well into next year and, more importantly, well into the ability to get our full fleet up and going and then we’ll have cash generation.”

Overall, Carnival continues to prepare and bolster its operations in anticipation of tourists returning to cruises. To date, Carnival has either resumed or announced plans to resume voyages for 42 of its ships by the end of November 2021. Given the company’s leading position in the industry, CCL stock could be a viable play for investors looking to bet on the return of cruises now. With all that said, will you be adding it to your portfolio?

https://www.entrepreneur.com/article/375805

June 21, 2021 5 min read

This story originally appeared on StockNews
Convenience and safety are top priorities for sports team operators.

Next spring, three minor league baseball teams operated by National Sports Services will be welcoming fans back into the stands.  Players from Indiana’s Lafayette Aviator, Pennsylvania’s Johnstown Millrats and The Spartanburgers of South Carolina will take to the field to swing for the fences and belt home runs again.

Behind the scenes, National Sports Services is re-examining the ways that fans will be buying tickets, hot dogs, popcorn, team jerseys and pennants.  With safety and convenience in mind, NSS’s goal is to provide the best fan experience possible.  To ensure that the season opens without a hitch, NSS has made the strategic decision to partner with a company called The OLB Group (NASDAQ:OLB) so that operations at the box office, stadium and online can all work together seamlessly.

The OLB Group is also helping each of the three teams analyze ticket and merchandise sales data in order to create custom promotional and marketing campaigns that will attract more fans.

“Adopting OLB’s solutions represents an important strategic initiative for NSS that will have a profound effect on our ability to lower costs, improve profitability, and, most importantly, create a delightful experience for all our customers,” said Bill Davidson, NSS’s chief executive officer.

At the heart of OLB’s digital commerce offering is its Omnifast platform, a cloud management portal that enables merchants to seamlessly integrate multiple business functions that occur on-site, online, and via mobile devices. 

Baseball party food with balls and mizuno on a wood table.

“OLB’s proven management, point-of-sale, and data solutions will enable our teams to engage with their fans through multiple touchpoints that are safe, secure, and intuitive,” explained Davidson.  “Through our partnership with OLB, we are confident that the teams will be able to build deeper relationships with their respective fan bases by enhancing the convenience of the total stadium experience which will translate into increased revenue and greater profits.”

Davidson added, “Just imagine being a fan purchasing a ticket online with seat selection, pre-ordering concessions and souvenirs for your family, all from the comfort of your home or on your mobile device. The customer has a convenient and enhanced experience at the game while our operations can better manage the inventory of food and beverages by monitoring demand for them along with sales of sports mementos.” 

When it comes to payment processing, OLB is already recognized as a vendor in a league of its own.  

Through OLB’s Omnifast platform, business owners can now do everything from accepting and fulfillling orders to processing payment through both traditional and contactless interfaces.  They can also manage customized data-driven marketing campaigns and customer loyalty programs.   Also assuring for business owners is the fact that OLB’s technology is fully secure and adheres to all data privacy mandates.

Ronny Yakov, chief executive officer of OLB, points out that NSS’s decision to leverage digital commerce technology mirrors the growing demand for these solutions among small and mid-tier merchants.

“Many small and medium-sized businesses have recognized that digital commerce technology can have a transformative impact on their ability to generate revenue and improve profitability, but did not have the budgets or technical skills to take full advantage of these capabilities,” explained Yakov. 

“Today, the advancements in cloud computing have made digital commerce solutions much more affordable and accessible to these merchants—especially those that need safe and reliable payment and fulfillment options,” added Yakov.  “As more merchants seek new strategies to engage with customers, lower operating costs, and reignite their sales efforts, we are confident that other organizations will integrate digital commerce capabilities into their own business processes.”

The OLB Group is completing nearly 25 million transactions a year and expects to see another surge in activity as the global economy recovers from the pandemic. Most recently, OLB Group uplisted to Nasdaq:OLB and successfully raised $6.5 million through Aegis Capital Corporation to accelerate its business plan through organic growth and acquisitions.

To learn more about OLB Group, visit olb.com. Merchants interested in the payment gateway solution can sign up at CryptoAccept.com.

Mitchell Yu is a freelance writer and contributor to USA Today, Forbes and StreetIQ covering trends and key players in the technology, gaming, e-commerce and digital marketing industries.

The views and opinions expressed herein are the views and opinions of the author and do not reflect those of StockNews.com.

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OLB shares were trading at $5.05 per share on Friday afternoon, down $0.34 (-6.31%). Year-to-date, OLB has gained 2.23%, versus a 11.67% rise in the benchmark S&P 500 index during the same period.

About the Author: Mitchell Yu

Mitchell Yu is a freelance writer and contributor to USA Today, Forbes and StreetIQ covering trends and key players in the technology, gaming, e-commerce and digital marketing industries.

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The post OLB Group helps minor league baseball teams connect with fans appeared first on StockNews.com https://www.entrepreneur.com/article/375108

June 21, 2021 6 min read

This story originally appeared on StockMarket

Are These The Best Semiconductor Stocks To Buy This Week?

Semiconductor stocks have been on the radar of many investors in the stock market over the past year. It is no secret that semiconductor chips are in high demand right now and chip manufacturing companies are unable to keep up. Does this come as a surprise? Just look around you, the world we live in revolves around the semiconductor industry. The smart devices we use daily, home appliances, and even many modes of transportation require semiconductor chips. And this is why smart investors are always keeping tabs on the industry. 

When there is a high demand, it is only natural that the supply would follow suit. We are starting to see this with Taiwan Semiconductor Manufacturing Co. Ltd (NYSE: TSM) plans to invest $100 billion over the next three years to meet soaring demand. Intel Corporation (NASDAQ: INTC) also announced a $20 billion plan to expand its advanced chip-making capacity. This aims at reasserting its position as the undisputed leader of the semiconductor industry. With all this momentum in the semiconductor industry now, here are four top semiconductor stocks to know now in the stock market today.

Semiconductor Stocks To Watch Right Now

Advanced Micro Devices, Inc.

AMD is a multinational semiconductor company that is based in Santa Clara, California. It develops computer processors and technologies for the business and consumer markets. The company boasts hundreds of millions of consumers and leading Fortune 500 businesses that rely on its technology to improve efficiency and productivity. The company stock has risen over 50% over the past year.

On Thursday, AMD stock climbed by 5.55% in response to the news that Alphabet’s (NASDAQ: GOOGL) subsidiary Google has chosen AMD’s newest data center chip to launch its new service. AMD and Google Cloud announced T2D, the first instance in the new family of Tau Virtual Machines (VMs) powered by 3rd Gen AMD EPYC processors. According to Google Cloud, the T2D instance offers 56% higher absolute performance and more than 40% higher price performance for scale-out workloads. 

Furthermore, it was also announced last week that AMD’s EPYC processors will be powering the new Hewlett Packard Enterprise Co (NYSE: HPE) Alletra 600. The Alletra 600 is a cloud-native data infrastructure storage solution that powers business-critical applications with the cloud experience. This goes to show that AMD’s technological advancements are gaining the recognition it deserves. Given the high demand for the company’s product right now, would you consider investing in AMD stock?

Read More

NVIDIA Corporation

Next up, we have the trending tech giant, Nvidia. For those unfamiliar, the company designs GPUs for the gaming and professional markets. Also, it manufactures system-on-a-chip units for the mobile computing and automotive markets. NVDA stock has been showing strong bullish momentum and is currently trading at its all-time high range. In fact, it increased by over 33% just within the past month. So, let us see what the catalyst to this strong movement is.

Nvidia’s chief executive on Thursday said the company will spend at least $100 million on a supercomputer in the United Kingdom. Not only that, it appears that this could just be the “starting point” according to CEO Jensen Huang. Nvidia is in the process of acquiring U.K.-based chip technology firm Arm Ltd for $40 billion from Japan’s SoftBank Group Corp. The company is optimistic over the regulatory approval despite facing pushback from Nvidia’s rivals and is under regulatory scrutiny. Once the deal goes through, Nvidia could potentially bring Arm’s technology to new markets. 

Fundamentally, the company is very strong as well., Nvidia posted record revenue of $5.66 billion, up by a whopping 84% year-over-year. A large part of this revenue came from its gaming revenue, at $2.76 billion. Also, data center revenue was $2.05 billion, up by 79% year-over-year. When you couple its strong financial figures with the exciting developments surrounding the company, wouldn’t you consider NVDA stock as a top semiconductor stock to buy?

[Read More] Best Stocks Moving Today? 4 Biotech Names To Watch

Xilinx, Inc 

Xilinx is a company that engages in designing and developing programmable devices and associated technologies. Through its highly flexible programmable silicon which is enabled by a suite of advanced software and tools, it drives rapid innovation across a wide span of industries and technologies. XLNX stock has been trading sideways since the start of the year. However, you would have profited over 40% if you had invested a year ago. 

Last week, the company acquired Silexica, a privately-held provider of C/C++ programming and analysis tools. Xilinx will integrate Silexica’s SLX FPGA tool suite with the Xilinx Vitis™ unified software platform to substantially reduce the learning curve for software developers building sophisticated applications on Xilinx technology. This goes in line with its long-term goal to accelerate the path from software to application-optimized hardware systems.

In May, Xilinx announced its fiscal fourth-quarter and fiscal 2021 financial results. It posted record revenue of $851 million in the quarter, an increase of 13% year-over-year. Also, its net income came in at $188 million which represents an increase of 16% from the previous year’s quarter. The company is able to deliver record revenues and double-digit year-over-year growth in the midst of a challenging supply chain environment. With that in mind, would you consider adding XLNX stock to your watchlist?

[Read More] 3 Growth Stocks That Could Be Better Investments Than AMC Stock Right Now

Another top semiconductor stock in the stock market today is Broadcom. The company designs, develops, and supplies a range of semiconductor and infrastructure software solutions. Its semiconductor solutions segment includes semiconductor solution product lines, as well as its Internet protocol (IP) licensing. Meanwhile, the infrastructure software segment includes its mainframe and enterprise software solutions and fiber channel storage area networking business.

On Tuesday, the company announced new, industry-first capabilities for Value Stream Management (VSM) in its ValueOps software portfolio. It combines the features of Clarity™ with the advanced Agile management capabilities of Rally® software. This new integration delivers a unified solution for business and IT leaders to create and manage consistent value streams. By doing so, it would eliminate friction between roles, reduce cycle times, and ultimately improve the overall quality.

Broadcom also reported a strong second-quarter earnings report earlier in June. The company’s revenue came in at $6.61 billion for the second quarter, up 15% from the prior-year quarter. Also, GAAP net income was reported to be $1.49 billion. This strong financial figure reflects the high demand for semiconductors across its multiple end markets. The company expects its third-quarter to have sustained year-over-year growth. All things considered, would you buy into the future of AVGO stock?

https://www.entrepreneur.com/article/375107

June 19, 2021 6 min read

This story originally appeared on StockMarket

3 Growth Stocks To Watch In The Stock Market This Upcoming Week

It has been rather volatile for growth stocks in the stock market this week. With the Fed now forecasting two rate hikes in 2023, instead of the prior forecast of zero rate hikes until 2024, the stock market took a hit. Nevertheless, Powell reiterated that the Fed still believes in the transitory inflation thesis and won’t do anything to change monetary policy anytime soon. I guess what he’s trying to say is that “cheap money” is here to stay. Perhaps that is why the stock market rebounded strongly on Thursday, led by top growth stocks in the market.

Growth stocks have been one of the favorite choices for investors looking to allocate their hard-earned money. This is mainly because they have been providing outsized gains compared to the broader market, at least for the past two decades. We only need to look at the likes of Amazon (NASDAQ: AMZN) and Apple (NASDAQ: AAPL) to understand the power of growth companies. There are plenty of top growth stocks that are experiencing explosive growth in the current volatile stock market environment. But I think we all can agree that growth stocks that are delivering impressive results today and can continue to be great long-term investments can be quite hard to find.

How To Find The Best Growth Stocks To Buy?

Investing in the stock market hasn’t been easy since the pandemic. Whether you are new or experienced in the market, you have certainly witnessed one of the most volatile periods in the history of the stock market. That said, if you are looking for growth names to include in your portfolio, you should look for companies that could expand their top-line quickly. The hallmark of the best growth stocks to buy now may typically include improving fundamentals and a history of bullish trading activity in the shares. With rising inflation risks and investors rotating their portfolios toward value stocks, picking a growth stock to buy is becoming increasingly difficult. 

Nevertheless, to help safeguard your investment, looking at stocks with good growth potential and justifiable valuations could be a great way to start. Of course, looking for growth stocks that have extremely strong fundamentals is even better. That may require a lot more research and hard work. But the good news here is we are laying some of them out for you. With all that being said, do you have the following growth stocks on your list in the stock market today?

Top Growth Stocks To Watch This Week

Upstart Holdings

Upstart is a growing online leading platform that utilizes artificial intelligence to automate the lending process. With the company’s platform, banks can provide personal loans using non-traditional variables like education and employment to predict creditworthiness. At the same time, it helps banks reduce the risk and costs of lending. Upstart’s platform uses sophisticated machine learning models to more accurately identify risk and approve more applicants than traditional credit-score-based lending models. Upstart has also expanded into auto loans. In March, it acquired Prodigy Software, a provider of cloud-based automotive retail software, which some describe as the Shopify (NYSE: SHOP) for auto dealers.

Recently, Upstart announced that Customers Bank, a full-service community bank and subsidiary of Customers Bancorp (NYSE: CUBI) has expanded its bank partnership with Upstart. The extended partnership would include scaling its personal loan program through the Upstart Referral Network and Customers Bank’s own consumer banking website. Customers Bank’s partnership with Upstart has helped it grow its loan portfolio over the past few years, and it expects that trend to continue. 

What’s more impressive is that the company has already achieved profitability. Upstart reported a net profit of $6 million in 2020, making it one of the few profitable fintech companies. That said, an investment in Upstart stock could prove to be extremely rewarding. With more predictive underwriting models and lower fraud rates delivered by the platform, the potential for Upstart to keep growing is enormous. Considering all these, is UPST stock a buy and hold growth stock over the long term?

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Futu Holdings

Futu is a leading tech-driven online brokerage and wealth management platform in China. Impressively, the company has strong backing from notable shareholders like Tencent (OTCMKTS: TCEHY), Matrix Holdings, and Sequoia Capital. With the backing of a company like Tencent, coupled with the trending tailwinds, the potential for Futu to cement itself as a leader in China’s mobile and online brokerage is bright indeed. With strong expectations of the company’s business performance, FUTU stock has risen more than 200% year-to-date.

From the company’s first-quarter report, revenue came in 349% higher year-over-year to $283.6 million. Its total gross profit was even more impressive, as it came in 372.6% higher year-over-year to $226.6. That handily beat the estimates from Wall Street. However, despite the impressive earnings beat, FUTU stock has been trading sideways in recent months. 

While that might cause some investors to shy away from growth stocks like Futu, some are scooping up the stock on the dip. FUTU stock could be your best bet on tapping on the rapid growth of China’s retail investing industry. After all, the rise of retail investors is pretty much a global phenomenon. Considering Futu’s robust financials and the growth of the markets it operates in, we could be looking at a long growth runway indeed. Could FUTU stock be a multibagger in the making?

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Cloudflare

Cloudflare is a content delivery network (CDN) provider. Its aim is to build a better and safer internet.  Some of the company’s potential growth drivers include serverless computing, internet of things (IoT), and 5G. These present massive opportunities for the company to tap into. With more businesses moving their operations to the cloud, Cloudflare could see explosive growth in this burgeoning cybersecurity industry. That’s because of its role in safeguarding and speeding up the internet.

From the company’s first-quarter earnings, revenue came in 51% higher year-over-year to $138.1 million. The network security and CDN provider also sees strong large customer growth. It saw a record addition of roughly 120 large customers in the quarter. This cloud stock has rewarded shareholders with more than 450% growth since going public in September 2019.

Of course, the strong bullish sentiment is mainly due to the company’s dominance in the CDN market. Admittedly, there may be speculations of tech giants jumping into the CDN bandwagon and stealing market shares. But Cloudflare stock is still a relatively safe bet with excellent long-term growth prospects for now. With NET stock showing upward momentum, would you agree that it is the best growth stock to buy right now?

https://www.entrepreneur.com/article/375084