The Stock Market Today - Top Stories For July 22, 2021

7 Penny Stocks To Buy According To Analysts With Targets Up To 316%

Should you buy penny stocks today? If you like volatility, quick gains, handle high-risk situations and understand trading basics, I say, why not? But the stock market today isn’t like it was even just a year ago. The fact is, millions of new traders have flooded into the markets since the pandemic. The goal is making money without a 9 to 5, and so far, many are finding real opportunities to profit.

Over the last few days alone, we’ve seen seriously bullish action in the stock market. Today former penny stock ImmunoPrecise (NASDAQ:IPA) was the latest to grab attention from retail traders. On Monday (7/19), IPA stock was traded around $5 with a volume of fewer than 60,000 shares. Fast-forward to today (7/22), and IPA stock reached highs of $16.47 before the afternoon session got into full swing, with more than 60 million shares traded.

This wasn’t an outlier either. Other stocks this week like Chembio Diagnostics, Inc. (NASDAQ:CEMI) and NeuroMetrix Inc. (NASDAQ:NURO) made parabolic moves as well. CEMI stock jumped from lows of $2.20 to highs of $6.95, while NURO stock jumped from around $3 on Monday to over $40 today.

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Small Caps Slide While Main Stock Market Indexes Strengthen; GDP Forecast Cut

The small-cap rebound took a day off, as the Russell 2000 gave back most of Wednesday's 1.8% gain. The major stock market indexes gained some strength in afternoon trading.

The Russell 2000 was off 1.2% and still up nearly 2% for the week. The small-cap benchmark made positive action this week, finding support at the 40-week moving average. It also successfully tested the lows from January and March. But the index now faces a test of resistance at the 50-day moving average.

The main stock market indexes cooled off after two days of solid gains. In afternoon trading, indexes bounced off session lows.

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What Stocks To Buy Today? 4 Restaurant Stocks To Know

When it comes to investing in the stock market, knowing the market sentiment and the next trend is paramount. It is no secret that restaurant stocks had not the best time during the pandemic. Those that have an online presence would do well, while those that operate traditionally were badly affected. However, the industry is slowly getting back on its feet, and it could even be time to start paying attention to restaurant stocks. Furthermore, many restaurants have started to adapt to the new normal, employing ways to attract customers even at the hardest times. This includes the emphasis on contactless deliveries, digital ordering, and takeaways.

For instance, Kura Sushi USA Inc (NASDAQ: KRUS) had all 31 of its restaurants open with indoor dining capacities of 100%. During its third quarter, the company grew its revenue by a whopping 561% to $18.5 million. Meanwhile, companies that have loyalty programs for customer retention such as Papa John’s International, Inc (NASDAQ: PZZA) have done well throughout the pandemic. Its Papa Rewards reached a milestone with the signing up of its 20 millionth member earlier this month. With all said and done, it does appear that restaurant stocks are well-positioned to grow with the economic recovery. So, let us look at some of the top restaurant stocks in the stock market today. 

Best Restaurant Stocks To Buy [Or Sell] Today

Bipartisan infrastructure plan could get another chance after Senate setback

• The $1.2 trillion bipartisan infrastructure plan failed in a Senate test vote, but it could get another chance to move forward as soon as Monday.
• If the proposal fizzles out, Democrats will have to consider whether to pair it with their $3.5 trillion plan to expand the social safety net.
• President Joe Biden sees infrastructure, climate change and child care as his top legislative priorities, viewing them as critical to boosting the economy.

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