Penny_Stocks_Today

Penny_Stocks_Today

After the new integration of Affirm Holdings, Inc. (NASDAQ: AFRM)’s pay-over-time technology in Amazon (NASDAQ: AMZN) Pay, AFRM stock jumped more than 21% considering the potential revenue boost AFRM may receive from this deal. Meanwhile, the improving macroeconomic situation in the U.S. can help AFRM as Americans’ purchasing power increases again. With the stock...

Penny_Stocks_Today

On June 7th GameStop Corp. (NYSE: GME) fired its CEO Matt Furlong and appointed Ryan Cohen as the new executive chairman. These consecutive decisions were made after GME’s Q1 earnings report revealed a YoY decline in sales which caused the stock to plummet by 18.4%. The board’s decision to appoint Cohen on the other hand was likely due to three important reasons....

Penny_Stocks_Today

After its stock plummeted almost 20%, Coinbase Global, Inc. (NASDAQ: COIN) faces losing more than 30% of its revenue due to the SEC’s lawsuit. With that said, COIN stock and the crypto market may be set to rebound thanks to the newly introduced draft bill in Congress that would add much-needed clarity to the crypto market. As Cathie Woof has been adding shares of...

Penny_Stocks_Today

Confident in its ability to complete its Spirit Airlines (NYSE: SAVE) acquisition, JetBlue Airways Corporation (NASDAQ: JBLU) kicked off the 2023 fiscal year with strong Q1 earnings. JBLU is now preparing for the second half of the year, which has historically been its strongest. Furthermore, JBLU provided positive EPS guidance for the full year which means JBLU...

Penny_Stocks_Today

One of the most notable orthobiologics-centered biotech stocks is Bone Biologics Corporation (NASDAQ: BBLG). With the company not compliant with the NASDAQ requirements, BBLG recently effected a 30 for 1 reverse split to maintain its NASDAQ listing. Given that BBLG now has an extremely low float, BBLG stock could be set to run soon thanks to the popularity of...

Penny_Stocks_Today

The global data center Cyxtera Technologies, Inc (NASDAQ: CYXT) announced that it is starting Chapter 11 proceedings. After the announcement, CYXT stock plummeted almost 60% to its all-time low. Although bankruptcy is generally a negative catalyst, the popularity of bankruptcy stock could see CYXT stock have a major run in the near term in a similar fashion to...

Penny_Stocks_Today

After its recent 349% run, Cann American Corp. (OTC: CNNA) was considered one of the OTC’s hot stocks until it started contemplating grace. Grace periods in the OTC market can be nerve-racking due to the implications of OTC tier demotion. CNNA is currently experiencing the brunt of this predicament as its Pink Limited status lies in the balance. If demoted, CNNA...

Penny_Stocks_Today

Saudi Arabia announced another voluntary 1 million barrels per day cut of its oil production which is set to be implemented in July. As a result, oil prices are expected to rise which is promising news for oil producers, like Houston American Energy Corp. (NYSE: HUSA). As the supply of oil decreases, demand for it increases which leads to oil prices surging....

Penny_Stocks_Today

With Saudi Arabia voluntarily reducing its oil production once more, Southwestern Energy Company (NYSE: SWN) is expected to benefit as gas rises due to the production cut since oil and gas prices move in tandem. It is also expected that gas prices will increase by Q3 due to demand increase according to the Energy Information Administration. Considering that SWN...

Penny_Stocks_Today

Leading the AI transportable solutions market, One Stop Solution, Inc. (NASDAQ: OSS) is amidst a huge transition to shift its focus to its AI transportable business and abandon its low-margin media business. With the company expecting to realize $850 million in identifiable value over the next 3 years, OSS stock may be undervalued at the moment. OSS Fundamentals...

Penny_Stocks_Today

Stocks are reflections of human interest, and as such they are not paragons of truth. A single strand of misinformation could have catastrophic implications for a stock, which is what happened to PDS Biotechnology Corporation (NASDAQ: PDSB). After an allegation concerning the validity of its trial results was circulated online, the stock sank 51%. That said, the...

Penny_Stocks_Today

Global EV sales are projected to reach 18 million by 2025 of which 50% is credited to the Chinese EV market. One of the promising figures in that market, Chijet Motor Company, Inc. (NASDAQ: CJET) just entered the NASDAQ. Currently, CJET is receiving investors’ attention after running by as much as 119%. However, thanks to its focus on research and development, as...

Penny_Stocks_Today

After years of back and forth regarding the Mountain Valley Pipeline, Equitrans Midstream Corporation (NYSE: ETRN) finally got the green light after the debt ceiling deal. Following the news, ETRN stock made a record gain of more than 40%. Furthermore, OPEC Plus has announced further oil production cuts, increasing global gas prices, which may push ETRN stock even...

Penny_Stocks_Today

With quantum computing becoming a hot topic, IonQ, Inc. (NYSE: IONQ) has been making strides this year with IONQ stock up 166% YTD. After hitting its Algorithmic Qubit (AQ) target for 2023 in Q1 and publishing a paper on modeling human cognition using quantum computing, IONQ could be on track to become an undisputable industry leader. In light of this, IONQ stock...

Penny_Stocks_Today

The optimal short squeeze consists of a low float stock, high short data, and a strong catalyst. It is for that reason Intuitive Machines, Inc. (NASDAQ: LUNR) should be on investor’s radars thanks to its micro float and swelling short data that is about to collide with a momentous catalyst that gives it a major advantage among space stocks. With plans to execute a...

Penny_Stocks_Today

As its hearing with the NASDAQ for an extension to regain compliance is underway, Mobiquity Technologies, Inc. (NASDAQ: MOBQ) could be one to watch closely this week as it could be poised to have a delisting run. Meanwhile, if an extension is granted, MOBQ stocks could be one of the election stocks to buy as the election season is approaching thanks to its new...

Penny_Stocks_Today

Ahealthy immune system is like Goldilocks’s pudding where if it is too active, then the immune system attacks healthy tissue causing an autoimmune disease, while if it is not that active, then a simple cold could be fatal. The immune system has to be just right to combat diseases without harming healthy tissue and immuno-oncology biotech companies are looking to...

Penny_Stocks_Today

Plagued with production issues and declining demand, Lucid Group, Inc. (NASDAQ: LCID) is attempting to turn around its business to compete in the EV space. In order to scale up production, LCID recently announced a $3 billion offering that would significantly dilute current shareholders. In light of this, LCID stock dropped by as much as 21% on the news. However,...