Penny_Stocks_Today

Penny_Stocks_Today

Smashing its EPS and revenue estimates by $0.17 and $670 million respectively, NVIDIA Corporation (NASDAQ: NVDA) jumped more than 25% in after-hours trading. Almost 60% of the $7.19 billion NVDA recorded in revenue was from AI-related activity and NVDA expects that the vast majority of its sequential increase in revenue in Q2 will come from data centers. After...

Penny_Stocks_Today

Smashing its EPS and revenue estimates by $0.17 and $670 million respectively, NVIDIA Corporation (NASDAQ: NVDA) jumped more than 25% in after-hours trading. Almost 60% of the $7.19 billion NVDA recorded in revenue was from AI-related activity and NVDA expects that the vast majority of its sequential increase in revenue in Q2 will come from data centers. After...

Penny_Stocks_Today

Smashing its EPS and revenue estimates by $0.17 and $670 million respectively, NVIDIA Corporation (NASDAQ: NVDA) jumped more than 25% in after-hours trading. Almost 60% of the $7.19 billion NVDA recorded in revenue was from AI-related activity and NVDA expects that the vast majority of its sequential increase in revenue in Q2 will come from data centers. After...

Penny_Stocks_Today

Despite recording impressive revenue growth in Q1, American Rebel Holdings, Inc. (NASDAQ: AREB) remains an overlooked play since the market may have not reacted correctly to its news. The reason for this may be due to AREB not issuing PR highlighting its impressive financial performance in Q1. With this in mind, AREB stock could be poised for a significant...

Penny_Stocks_Today

With Memorial Day weekend approaching, the summer season is set to kick off and in turn the cruise line season. One of the cruise line stocks that are well-positioned to become a major winner this summer season is Carnival Corporation & plc (NYSE: CCL). Over the past years, CCL stock has always made a summer run extending through June till August and this summer...

Penny_Stocks_Today

Trial failures can sometimes be opportune events for investors. After Rain Oncology Inc. (NASDAQ: RAIN)’s Mantra treatment for Liposarcoma presented with subpar trial results, RAIN stock plummeted to a new all-time low. However, this sell-off could be an overreaction by the market since RAIN still has two treatments in its pipeline, one of which is in phase 1 and...

Penny_Stocks_Today

Telecommunications giant Lumen Technology (NYSE: LUMN) is in the process of turning around its business as it looks to keep up with the market. While LUMN stock is down 60% YTD, the company’s turnaround plan appears to be moving in the right direction which is backed up by the high institutional ownership in the stock. With this in mind, LUMN is currently trading...

Penny_Stocks_Today

With the wider adoption of green hydrogen energy and Plug Power, Inc. (NASDAQ: PLUG) being one of the leaders in the hydrogen energy market, PLUG seems to be one of the frontrunners to benefit from the new trend. Earlier this week PLUG landed three electrolyzer deals for European green hydrogen projects which further shows Europe’s commitment to green hydrogen as...

Penny_Stocks_Today

It is not every day that a textbook example of a short squeeze presents itself as clearly as it has for TORO Corp (Nasdaq: TORO). TORO recently announced an extremely significant sale that would assist it in cutting expenses and will provide it with a sizable sum of cash, which will assist it in renewing its fleet. Meanwhile, TORO stock’s float is extremely low,...

Penny_Stocks_Today

The Bitcoin mining leader Riot Platforms, Inc. (NASDAQ: RIOT), is, to no one’s surprise, deeply tied to Bitcoin prices, which have seen a 65% increase YTD. With the government forecast to run out of money as early as June 1, talks about a debt ceiling deal to be finalized by next week started arising. The general sentiment at the moment is that a deal will be made...

Penny_Stocks_Today

While most oncological treatments focus on bombarding the body with toxic materials in hopes of killing cancerous cells, ImmunityBio, Inc. (Nasdaq: IBRX) utilizes immunology in order to find a solution. Its treatments usually focus on catalyzing NK cells, and T cells, which then kill cancerous cells. Currently, IBRX has a chance to showcase one of its treatments...

Penny_Stocks_Today

After its board approved the spin-off of Entrepreneur Resorts Limited back in January Genius Group Limited (NYSE American: GNS) has now also gained its shareholders’ approval for the spin-off. The spin-off is expected to be completed by Q3 and will likely help expose the naked short sellers that have been targeting GNS for a while, which may lead to a short...

Penny_Stocks_Today

After announcing an agreement to transfer its operational infrastructure to FreshRealm, Blue Apron (NYSE: APRN) saw a 25% jump. APRN also announced plans for a long-term operations and logistics relationship with FreshRealm. The $50 million deal will see APRN shift to an asset-light business model in an effort to decrease cash burn, improve capital, and focus on...

Penny_Stocks_Today

Shoplifting is a serious issue that major US retailers need to contend with. ADT Inc. (NYSE: ADT) is likely to become a notable solution for this crisis since its security systems are custom-made to suit a variety of industries, which makes it suitable for combating shoplifting at major retail locations. ADT’s litany of services and products provide tailored...

Penny_Stocks_Today

After getting approval to start its phase 3 clinical trial for PIKA, its rabies vaccine candidate in Pakistan, YS Biopharma Co., Ltd. (NASDAQ: YS) is one of the biotech stocks to watch this week as the company is set to participate in the Virtual Benchmark Healthcare House Call Conference on May 23, 2023, to discuss its progress regarding its various products and...

Penny_Stocks_Today

Ripples of enthusiasm echoed in the Luminar Technologies, Inc. (Nasdaq: LAZR) shareholder community after CEO and founder Austin Russell purchased $21.3 million worth of stocks. This move was not the result of blind gusto, but rather it reflects Russell’s confidence in LAZR’s expansion, which is reliant on its two new facilities. Given the timing of the purchases,...

Penny_Stocks_Today

After approving an 8:1 reverse split, the retail favorite Alpine 4 Holdings, Inc. (NASDAQ: ALPP) stock jumped more than 11% as it regained compliance with Nasdaq’s requirements. As of now, ALPP stock has a low float of only 22 million and high short interest with no more available shares to borrow, which should make its 100,000 investors happy as it may be prone...

Penny_Stocks_Today

The pioneer in space as a service market, Sidus Space, Inc. (NASDAQ: SIDU) announced the execution of a significant service agreement with Leaf Space. After the announcement, SIDU stock has seen a 12% jump in its trading price. SIDU also announced extremely positive Q1 earnings increasing its satellite revenue by 100%, and with its CEO buying 500 thousand shares,...