Stock Market Today - Top Stories From Around The Internet On June 28, 2021
7 Hot Penny Stocks Analysts Like To Watch In 2021
When it comes to finding top penny stocks to buy, everyone has their own strategy. Some look for unusual volume or higher volatility to make a quick trade. Others look for sound fundamentals to sink their teeth into for a long-term investment. Meanwhile, there are plenty of other things to factor in, no matter if you’re trading or investing in penny stocks. These are things like social sentiment, the overall market trend, different industry events, and what analysts are saying.
All of these things combined can help put together a sound strategy when it comes to putting your watch list together. One single factor doesn’t generally play the only role, but each carries some weight when it comes time to hit buy. In this article, we’re going to discuss a few current and former penny stocks that analysts have recently weighed in on. Thanks to major milestones and progress, these analysts appear bullish on some of these names right now.
Dow Jones Lags As Nasdaq Muscles Higher; Apple Stock Nears Buy Point; AMC Stock Surges
The Dow Jones Industrial Average slumped in a mixed session, even as Apple (AAPL) closed in on a new buy point. In contrast, the Nasdaq hit fresh heights as tech stocks showed strength. AMC Entertainment (AMC) was surging again, while fellow meme stock GameStop (GME) also gained.
A number of stocks also attempted breakouts to new highs despite the challenging conditions. Bioventus (BVS), Zebra Technologies (ZBRA) and Texas Instruments (TXN) all passed buy points, though fortunes thereafter were mixed.
Top Stocks To Buy Now? 4 Entertainment Stocks To Watch
With the broader stock market starting off the week on a high, entertainment stocks could be in focus this week. Ideally, as investors look towards core economic figures ahead, the growth of the reopening trade would come into question. Should these metrics indicate signs of recovery for the economy, top entertainment stocks are likely to see some gains. For the most part, this would serve to benefit travel stocks who are well-positioned to make the most of post-pandemic in-person entertainment trends. Sure, some of the more prominent airline stocks today have mostly taken a breather over the past month. This would be the case as investors rotated out of reopening stocks towards growth stocks. However, given the current weakness among leading names such as American Airlines (NASDAQ: AAL) and Southwest Airlines (NYSE: LUV), some could see a buying opportunity now.
S&P 500 Flat After Hitting Record as Energy Slumps
The S&P 500 was flat Monday after hitting fresh record highs as gains in tech were offset by an oil-led slump in energy ahead of a meeting by major oil producing nations later this week.
The S&P 500 fell 0.1% after hitting a record high of 4,287.90. The Dow Jones Industrial Average slipped 0.62%, or 212 points, the Nasdaq was up 0.60%.
Energy slipped more than 3% as oil prices came under pressure ahead of the OPEC meeting Thursday. Major oil producers are expected to decide to increase production by 500,000 barrels per day from August, following the planned production hike by 800,000 barrels per day in July.
”If OPEC+ signals its willingness to produce more oil in the future, the price rally on the oil market should come to an end for the time being,” Commerzbank (DE:CBKG) said in a note.
Best Marijuana Stocks For Your Watchlist This Week? 3 To Check Out Right Now
Are you looking for different ways to invest in marijuana stocks in July? After months of consolidating at lower market levels, June has shown some upside for many top cannabis stocks to invest in. So, can top marijuana stocks to buy reach the highs they achieved in February? Currently, that depends on which area of the cannabis industry you’re researching. In the US leading cannabis companies have been delivering strong revenue growth for the first quarter of 2021.
In addition, most have also given large increases in revenue guidance for this year as well. But these companies have not seen their earnings translate into market gains in the first quarter. Since the start of 2021, the only momentum booster for the cannabis sector is federal reform and legalization. Last week state marijuana regulators met with federal officials and lawmakers from congress to discuss the impact of national legalization and other cannabis policy changes on local programs.
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