Penny Stocks To Watch Ahead Of The Presidential Debates
Who would have ever thought that penny stocks and Presidential debates would be in the same sentence? This year, however, we’ve got a very different landscape to consider. There’s the coronavirus, protests, global trade wars, and more to keep in mind. For better or worse, comments made in relation to any of these topics could sway markets. Furthermore, any reaction by the media could also become a catalyst on its own.
So, what are the topics on the docket for the Presidential Debate on Tuesday? According to the Commission on Presidential Debates, subject to possible changes, the topics for the September 29 debate are as follows:
- The Trump and Biden Records
- The Supreme Court
- Covid-19
- The Economy
- Race and Violence in our Cities
- The Integrity of the Election
While these are in no particular order, it could give a window into some of the sectors of the market that might see an impact; good or bad. Obviously, we can see a correlation between COVID and the economy with some of the similar trends we’ve already witnessed. Things like biotech penny stocks, retail, hospitality, and even some tech names could be a focus. Needless to say, we’ll have to see how things unfold during September 29th’s debates. At the end of the day, Wednesday is an entirely new day. Any speculative moves ahead of the Presidential Debate tonight, may actually not see follow-through depending on what happens tonight. So keep that in mind heading into the end of the Tuesday session.
Penny Stocks To Watch: Digital Ally Inc. Digital Ally, Inc. (NASDAQ:DGLY)
Digital Ally, Inc. (NASDAQ: DGLY Stock Report) has been one of the penny stocks to watch recently in light of this year’s riots. Back in April, we started to watch Digital Ally as it “diversified” a bit. At its core, the company focuses on a/v technology. In light of coronavirus shutting down certain businesses, Digital Ally made a play at a partnership with Trust Think Products, LLC, the exclusive distributor of the Danolyte® disinfectant. Obviously, this far from its main business model. However, in light of more recent events, the company has gained investors’ attention for its wearable body cam products.
Last month the company focused on its video solutions. A few weeks back, Digital Ally announced a partnership with DANA Safety Supply to be a certified domestic outfitter of the company’s law enforcement video solutions. Then just recently Digital Ally received an order from Linn County Kansas for its ThermoVu non-contact temperature screening devices. If you also remember, earlier this year, the company’s body cams were spotted in a news story coming out of Kansas City. Specifically, this was a report citing Kansas City securing over $2 million for bodycams for its police.
Read More
- Looking For Hot Penny Stocks To Buy Today? 5 With Bullish Ratings
- Biotech Penny Stocks Get A Boost After Aptorum’s 1,066% Move
Late last week, we saw Digital Ally receive a Notice of Allowance for its US patent application 15/916,654 titled “SYSTEM FOR AUTOMATICALLY TRIGGERING A RECORDING”.1 In light of recent events, it wouldn’t be a surprise for police reform to include enhanced body cam systems. In any case, DGLY stock experienced a strong Tuesday session with shares reaching highs of more than $2.25.
Penny Stocks To Watch: Broadway Financial Corporation (NASDAQ:BYFC)
Broadway Financial Corporation (NASDAQ: BYFC Stock Report) has been a big focus recently. The penny stock saw a strong breakout to both end last week and start the week this week. On Monday, shares hit a high of $2.33 during the early morning session. It was a follow-through from Friday’s action, which stemmed from a few different events.
First, news coming out of Bank of America added a spark to certain financial stocks. The Bank said it would issue a $2 billion Equality Progress Sustainability Bond to advance racial equality, economic opportunity, and environmental sustainability. According to its press release, this is the first of its kind in the financial services industry.
Furthermore, last week President Trump unveiled his “Platinum Plan”. In the wake of this, we saw many minority-owned or managed businesses and stocks gain interest. One of the specifics cited in his plan was, “Increase access to capital in black communities by almost $500 billion.”2
Earlier this year, Broadway announced that it entered into a transformational Merger of Equals agreement with CFBanc Corporation. The company said this would effectively create the largest Black-led Minority Depository Institution in the nation equating to more than $1 billion in combined assets under management.
Penny Stocks To Watch: Gevo, Inc. (NASDAQ:GEVO)
Another topic of discussion could be the growing debate around greenhouse gas and alternative fuels. Gevo, Inc. (NASDAQ: GEVO Stock Report) has been on the radar since the start of July. Since then we’ve watched Gevo gain significant attention. The company signed a Renewable Hydrocarbons Purchase and Sale Agreement with Trafigura Trading LLC.
[Read More] Top Penny Stocks To Watch Today; 5 Energy Names Up Big Premarket
This deal has Trafigura taking delivery of 25MPGY of renewable hydrocarbons starting in 2023. It also marked one of the biggest deals in Gevo’s history bringing Gevo “to over $1.5B of revenue in long term contracts when added to the other contracts we have in place” according to the company.
Gevo has gotten wrapped up into this alternative fuels trend and it makes sense as to why attention is beginning to focus on this niche. Sweden has a goal of becoming “fossil-free” by 2040. Norway also announced a move to introduce biofuel blending through its own mandate. Furthermore, California is taking that a step further for. Gov. Gavin Newsom signed an order that could put an end the sale of new gasoline and diesel-powered passenger cars in the state by 2035.
During the Tuesday session, GEVO stock saw a late-afternoon surge. The penny stock broke back above $1 for the first time since September 8th.
Penny Stocks To Watch: Ambow Education Holding Ltd. (NYSE:AMBO)
Ambow Education Holding Ltd. (NYSE: AMBO Stock Report) is another one of the penny stocks we talked about this year. It first came to light as online education stocks were beginning to make some noise during June. This week, the penny stock ended up breaking to some of its highest highs in recent history.
This week the company the company announced that it has expanded its strategic partnership with Amazon built on its online-to-offline education SaaS platform, Huanyujun Education Hub.
Dr. Jin Huang , President and Chief Executive Officer of Ambow, commented, “Our expanded strategic cooperation with Amazon is an acknowledgment of our successful professional education, training and certification system. With this partnership program, the influence of Ambow online education platform will be further enhanced and benefit more people and institutions through Huanyujun Education Hub.”
Through the deal, Ambow will provide Amazon Web Service training for cloud skills, specific and catered to various enterprise hiring needs. Online education has become a hot topic as of late. Whether or not the debates actually impact it is up in the air. Regardless, AMBO stock has started trading higher late in the Tuesday session.
End Notes:
- Digital Ally: https://patentcenter.uspto .gov/#!/applications/15916654
- Broadway Financial: https://cdn.donaldjtrump. com/public-files/press_assets/president-trump-platinum-plan-final-version.pdf
