Stock Market Today: Articles To Start The Day On June 16, 2021
Hot Penny Stocks to Buy? 3 to Watch As Vaccine Rates Hit New Highs
As vaccine rates around the world continue to spike, many believe that penny stocks could benefit from the end of the pandemic. Of course, penny stocks are not the only securities that will see improvements in financials in the coming months.
Rather, a massive reopening economy could be a major benefit to the entire stock market and world economy. To take advantage of this, it is best to create a list of penny stocks that could benefit greatly from reopening. These are aptly known as reopening penny stocks.
However, this term expands into many different industries, meaning a large range of penny stocks could be considered. Now as always, it is best to do as much research as you can before investing in a given penny stock. This ensures that you know exactly what you’re getting into. And in June of 2021, there is a lot to consider. Factors such as Reddit and social media investors alongside inflation fears have both set a very volatile tone in the stock market.
While the past two months have been marked by relatively negative investor sentiment and sideways trading, investors are looking forward to the future. It is difficult to say exactly when the pandemic will end, but if vaccine trends continue, we could see a light at the end of a year and a half long tunnel. With all of this in mind, here are three hot penny stocks to watch as vaccine rates hit new highs.
2 Marijuana Stocks To Watch The Second Half Of June 2021
The current trading for marijuana stocks has started to look better over the last month. At the start of May, cannabis stocks were still trading down. However, towards the second week of trading marijuana stocks started to show signs of volatility.
Which in this case during that time was more market action since mid-February. After the 2nd week of May, marijuana stocks were fluctuating in price at a fast rate to where the last half of May cannabis stocks had trouble sustaining trading momentum.
Yet during the last week and half of May was the time when the sector started to show more consistency with its upward push in the market. This increase in trading momentum continued into the following month and currently, things are looking better for the overall sector.
Trading in June has started to look much better for marijuana stocks. Many companies have been releasing earnings as well as expanding operations through mergers and acquisitions. Just these factors alone have helped play a part in seeing a rise in the sector. Analysts believe a bigger jump will ultimately happen.
As well some feel it possibly can be this month. Yet with how unpredictable the market is it’s hard to be exact. Currently, as the sector continues its climb there is still time to find top marijuana stock to buy. Even with investors feeling a bit more cautious with the sector they still are adding cannabis stocks to their portfolio.
Right now it’s a game of patience as the majority of investors are waiting for a big enough recovery to take profits. Furthermore with the possibility of better cannabis legislation and more states going legal the progress of the cannabis industry is looking good. Below are 2 marijuana stocks to watch for the rest of the month.
Top Stock To Buy Now? 4 Social Media Stocks To Watch
Social media stocks have been on the rise in the stock market over the past few years. After all, it has become an integral part of our lives. Certainly, the coronavirus pandemic has accelerated the growth in social media as traditional in-person social activities were disrupted. Yet, even before the pandemic, the industry has been thriving. According to Statista, there are over 3.6 billion people across the globe who utilize social media. And the number is still increasing.
In this era, we have people with full-time jobs on social media platforms such as Amazon’s (NASDAQ: AMZN) Twitch and Alphabet’s (NASDAQ: GOOGL) Youtube. Furthermore, if you’re running a business or company, it also provides a great opportunity to build customer relations by gathering inputs, answering questions, and listening to their feedback. This would then lead to a better understanding of what’s working and what’s not. Therefore, it is only natural that investors will be looking for top social media stocks to buy. With all these in mind, here’s a list of top social media stocks in the stock market today.
The markets are on edge before the Federal Reserve’s policy update in the face of surging inflation
The Federal Reserve is not expected to take any policy actions after its two-day meeting this week, but it is likely to signal that it is thinking about them.
Stock futures were flat on Wednesday morning as investors awaited the 2 p.m. ET Fed statement and Chairman Jerome Powell’s news conference 30 minutes later.
Some economists expect the Fed to mention a coming tapering of its bond-buying program and give preliminary guidance on the discussion but not fully commit to tapering yet. The Fed will also release new economic forecasts, which it does quarterly.
There’s a chance it could pencil in an initial rate hike in 2023. In its previous forecast, there was no consensus for a rate hike among Fed officials though 2023.
“I think the commentary and the press conference will be interesting. There’s clearly a division on the board and among the Fed presidents about how strong the economy is, and whether it’s time to start evolving the policy,” said Rick Rieder, chief investment officer global fixed income at BlackRock. “How the chairman describes that is going to be very interesting. It’s hard to say it’s [going to be] hawkish because ... I think it’s going from uber dovish to overly dovish.”
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