4 Penny Stocks To Watch Hit It Big In 2021, 1 Up Over 2,200% Right Now
When it comes to finding penny stocks to buy, everyone has the same goal. Naturally, that goal is to make money and repeat the process. But with so many 1 and 2-day breakouts captivating the attention of retail traders, it’s easy to forget that these cheap shares aren’t solely “built for speed,” so to speak. In many other cases, these companies represent early-stage opportunities for both companies and investors. Though there is a much higher risk of focusing on early-stage companies versus well-established ones, the potential rewards can be that much greater.
Looking back at June 11th of 2020 compared to June 11th of this year shows what I’m talking about. Then, GME stock was trading around $4 a share, AMC stock hovered around $5, and the Dogecoin price was sitting at $0.0026. In just 12 months, to date, GME is up over 5,600%, AMC shares are trading higher by 760% (much higher if you go off of the 2020 low), and Dogecoin sits 12,700% higher than where it was last June. Does this mean all penny stocks are good investments? No, that isn’t generally the case, but plenty have made strong moves over the last year and turned some heads along the way.
[Former] Penny Stocks To Watch Right Now
Best Stocks To Buy Now? 5 Autonomous Vehicle Stocks To Watch
It has been an invigorating year for autonomous vehicle stocks so far. Why do I say that? That’s because self-driving technology has been one of the hottest investing themes on Wall Street in recent years. Autonomous vehicles (AVs) or self-driving cars bring a unique dimension of transportation to the table. In terms of benefits, it could improve road safety and offer convenience for users. According to a study conducted by the Center for Disease Control and Prevention, crash injuries are estimated to be the eighth leading cause of death globally. If we were able to switch to autonomous driving overnight, we would save more than 1 million lives per year globally.
From a macro perspective, the newly emerging shift of transportation to AV has started to catch the attention of many investors in the stock market today. With so many big players entering the industry, it’s no wonder why investors are excited about being a part of the current autonomous vehicle craze. Though we still remain in the early stages of the AV industry, let’s take a look at five of the top autonomous vehicle stocks to watch in the stock market right now.
Hot Marijuana Stocks For 2021, Will These Be Top Gainers In June?
If you have been watching marijuana stocks over the last several months then you see how things are starting to turn around. Now some of these factors can stem from several variables. For one many marijuana companies have been releasing their most current earning reports. Which for the most part has fared pretty well. Due to the majority of companies announcing good earnings, it has resonated well amongst marijuana stocks.
Next, you have many top cannabis companies expanding and growing through mergers and acquisitions. This has helped the current and future growth and innovation of the cannabis industry. So when investors catch wind of positive news that impacts the industry in a good way it can also lead to a rise in trading. As well over the last few years, the cannabis industry overall has shown a huge amount of growth.
For instance, in 2020 alone the U.S. cannabis industry generated over $17.5 billion. This was a record amount of revenue for just one year of legal cannabis sales both recreational and medical. Some have projected to see an even higher number of cannabis sales at the end of 2021. As of now, some states are on course to see multi-billion dollar sales this year. One of the bigger contributors to seeing a rise in momentum is the promise of better cannabis reform.
Especially federal reform as well as state-level too. Analysts believe on the day marijuana is federally legal it may lead to a breakout for many marijuana stocks. Yet nothing is set in stone but many investors and advocates are left waiting on an upcoming reform vote that is soon to take place. So for those who are interested in investing in cannabis, there is still time. Just make sure you do your due diligence before investing.
The Dark, Democratizing Power of the Social-Media Stock Market
In early March, about fifty investors received links to an anonymously created, password-protected Web site. On the site was a seven-page white paper, which opened with the question “What Is BitClout?” BitClout, the paper explained, is a social network that runs on blockchain technology, allowing users to “speculate on people and posts with real money.” Every user is given a public price, which is the amount of money that it costs to buy his or her “creator coin.” With the platform’s native cryptocurrency (also called bitclout), users could buy the coin of any other user on the site. Purchasing a creator coin is a way to invest in someone’s reputation. According to the white paper, the coin is meant to be “correlated to that person’s standing in society.” If Elon Musk launches a rocket to Mars, his value should go up. If he uses a racial slur during a press conference, then, as the paper explained, “his coin price should theoretically go down.”
The investors were encouraged to explore the site, and to send the link to two to three other “trusted contacts” who might be interested. Soon enough, the link began making the rounds on social media. Within weeks, users were spending millions of dollars a day on the platform.
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