Penny_Stocks_Today

Penny_Stocks_Today

The country’s ninth-largest bank, Capital One (NYSE: COF), shocked the finance world when it announced that it will buy Discover Financial Services (NYSE: DFS) for a staggering $35 billion. This all-stock deal is set to be one of the biggest M&A deals of 2024, bringing together two of the nation’s credit card giants to create a true global payments...

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Very recently, OpenAI shocked the entire world when it revealed its newest AI tool, Sora, an extremely impressive tool capable of transforming text prompts into captivating and realistic videos. The boundaries of what OpenAI can achieve seem to be expanding at an unprecedented rate, first with text-to-image conversions, and now with text-to-video magic. Some...

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WBD stock and FOXA stock increased by 3% and 3.6%, respectively, when three giants of the media industry, Fox Corporation (NASDAQ: FOXA), Warner Bros. Discovery (NASDAQ: WBD), and Disney’s ESPN (NYSE: DIS), announced their plans to join forces and create a game-changing sports-streaming service. This streaming service promises the very best content from all the...

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Like every other social media platform out there, Pinterest (NYSE: PINS) recieved a massive boost in users during the Covid-19 pandemic when everyone was stuck at home, adding more than 100 million users to the platform. Now, the company is planning to expand its user base beyond 500 million monthly active users in 2024, and hopes to get these new users to click...

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EV startup Rivian (NASDAQ: RIVN) caught the market’s attention recently when it revealed that its vans would no longer be exclusive to Amazon as the four-year exclusivity agreement between the two companies ended. This opened the door for other companies to do business with the EV company, and AT&T quickly jumped on the opportunity, signing an agreement to...

Penny_Stocks_Today

Over a billion people worldwide suffer from obesity. Physical exercise and various treatments often require a lot of effort and time to have any noticeable result. If a pharmaceutical company comes along and invents a magical drug that can help people lose weight without making any effort, that would undoubtedly revolutionize the industry. This is essentially...

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2023 stood out as a great year for global stocks, unleashing strong rallies across the U.S., Europe, Japan, and India. Yet, the same sentiment wasn’t felt in China. In fact, Chinese and Hong Kong stocks ended 2023 as the world’s worst-performing equity markets. While this bad performance can be blamed on the various issues with China’s economy, such as the real...

Penny_Stocks_Today

In the wake of the opiod epidemic, brought on in part by the success of Oxycodone, a new exceptional drug is being developed by Vertex Pharmaceuticals (NASDAQ: VRTX). With the intention of providing relief from severe pain without the addictive properties of opioids, Vertex’s new drug could be on track to replicate the success of Oxycodone – making VRTX stock one...

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Zim Integrated Shipping Services (NYSE: ZIM) is gaining momentum with ZIM stock rising 43% since mid-December. However, it is still down 90% on the year. However, this low float stock has caught the attention of investors due to a number of factors including its short squeeze potential and its position to benefit from ongoing Houthi attacks on commercial ships...

Penny_Stocks_Today

America’s largest department-store chain, Macy's, Inc. (NYSE: M) made headlines when the WSJ reported that it had received a $5.8 billion takeover bid from an investor group made up of Arkhouse Management and Brigade Capital. Macy’s has previously rejected takeovers of this kind, making many wonder if it’ll be the same case with this one. However, these doubts...

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Known as the "Oracle of Omaha," Warren Buffett is renowned for his ability to move markets through Berkshire Hathaway's disclosed buys or sells. This phenomenon has been termed the "Warren Buffett Effect”.  Buffett is arguably the best investor ever to live, and due to his success and the large number of investors attempting to emulate his every move, any company...

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Holiday season is finally underway and shoppers are already waiting to capitalize on Black Friday and Cyber Monday deals. This is great news for all retailers including Newegg Commerce, Inc. (NASDAQ: NEGG). The e-commerce retailer specializing in electronics has been struggling lately due to the weakness of the PC market resulting from weak demand, excess supply,...

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In recent years, plant-based food products have become mainstream due to their alleged benefits that far outweigh those of normal meat. With this growing hype, several plant-meat producers capitalized on this interest by making their public market debuts, including Beyond Meat, Inc. (NASDAQ: BYND). However, the tides are changing, and interest in plant-based food...

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In a previous article, we were short on ChargePoint Holdings, Inc. (NYSE: CHPT) after several EV makers struck deals with Tesla, Inc. (NASDAQ: TSLA) to adopt its NACS port to gain access to its expansive supercharger network. Since then, the stock has been in a free fall as it’s down more than 63% and recently reached a new all-time low at $2.38. However, after...

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Ever since its public market debut in 2022, investors have been constantly comparing Pagaya Technologies Ltd. (NASDAQ: PGY) and Upstart Holdings, Inc. (NASDAQ: UPST) since they are both AI-driven fintechs. However, there is no merit to this comparison due to both fintechs’ drastically different business models. Upstart works directly with consumers to provide them...

Penny_Stocks_Today

Ever since its public market debut in 2022, investors have been constantly comparing Pagaya Technologies Ltd. (NASDAQ: PGY) and Upstart Holdings, Inc. (NASDAQ: UPST) since they are both AI-driven fintechs. However, there is no merit to this comparison due to both fintechs’ drastically different business models. Upstart works directly with consumers to provide them...

Penny_Stocks_Today

Before NIO Inc. (NYSE: NIO) reported its Q2 earnings, we expected the EV maker to miss revenue estimates while posting an EPS in line with estimates. As the company missed both estimates, it is not surprising that its stock is down more than 45% since then. That being said, Nio is expected to post its Q3 earnings later this month where analysts expect it to report...

Penny_Stocks_Today

Affirm Holdings, Inc. (NASDAQ: AFRM) is a BNPL service provider that rose to prominence during the pandemic. Currently, the stock is up more than 60% since releasing its 2023 annual report, despite the Fed’s tightening policy showing its impact on the company’s operations. With the student loan repayments resuming last month after a 3-year pause, the company may...