Check These 3 Penny Stocks Out For Your 2022 Watchlist
With 2022 here and in full effect for penny stocks, there are quite a few things for all investors to understand. Right now, we are seeing sizable bullish sentiment following a stellar end to 2021. And while the Omicron variant is still causing upset and instability in the stock market, many believe that 2022 could be a major year for penny stocks and blue chips.
To make money with penny stocks, investors need to have a full understanding of what is going on in the stock market. In addition, knowing how to trade penny stocks will be a major asset to your portfolio. If we consider the sheer number of factors impacting stocks right now, we see that there is plenty of momentum to take advantage of.
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With a new year comes the potential to find trends that can be taken advantage of. And while the pandemic may not last forever, the effects of Covid will likely be around for quite some time. Considering all of this, let’s take a look at three hot penny stocks to watch in 2022.
3 Penny Stocks to Watch in January 2022
- Vinco Ventures Inc. (NASDAQ: BBIG)
- Transocean Ltd. (NYSE: RIG)
- Zomedica Corp. (NYSE: ZOM)
Vinco Ventures Inc. (NASDAQ: BBIG)
One of the bigger gainers of the day so far is Vinco Ventures. By midday, shares of BBIG stock had shot up by a respectable, 5.2%. However, in the past twelve months, shares of BBIG stock have climbed by over 100% which is no small feat. Now, it’s worth understanding why Vinco Ventures is so popular right now and what the company could have to offer.
For starters, Vinco is a digital holdings company that has several units of interest. Its wholly-owned, Cryptyde business unit has been a major focus for investors as crypto has gained popularity in the last few years. Cryptyde works in NFT’s, metaverse-related business practices, and more relating to blockchain. In addition to this and one of the main reasons that investors are focused on BBIG stock is its ZVV joint venture with ZASH Global. This venture has an 80% stake in Lomotif as well as complete ownership of the company, Adrizer.
The company has been working to grow the advertising potential of Lomotif, which offers video sharing and is comparable to TikTok. Now, it’s worth understanding that BBIG stock is no stranger to volatility. The company has seen massive price moves in both directions over the past few months. But, if you’re willing to take a risk, BBIG stock could be worth adding to your list of penny stocks to watch.
Transocean Ltd. (NYSE: RIG)
Another big gainer today and a company that we’ve covered numerous times in the past few months is Transocean Ltd. Today, shares of RIG stock shot up by over 12%, which is quite substantial considering its 33% twelve-month gain. As an energy stock, Transocean’s price movement is subject to momentum from larger industry news. And today, the oil and gas industry got a boost following an OPEC+ meeting.
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The meeting states that output will increase in February which is big news for the industry. In addition to this, the group appointed Haitham al-Ghais as its new secretary-general. Right now, it is hard to see where the energy industry will go. As a result of the Omicron variant, we have seen decreased travel over the last few weeks. While the impact may not be long-term, it should affect the energy industry as a whole in the short term.
As we’ve seen throughout the pandemic, rising case numbers directly and inversely affect the price of many energy stocks. So, as a pure-play provider of offshore drilling services for oil and gas wells, Transocean has a large exposure to the oil and gas market. Considering all of this, do you think that RIG stock is worth buying this month?
Zomedica Corp. (NYSE: ZOM)
Zomedica Corp. is a penny stock that has remained quite popular over the past year or so. And with an 11% gain on January 3rd at midday, ZOM stock is once again in the spotlight. While there is no news that is sparking today’s gain, we can look at what Zomedica does and its recent announcements to understand why ZOM is moving up. If you’re not familiar, Zomedica is a veterinary health company that provides a range of diagnostic products. These products are aimed at increasing the efficiency of common diagnostic procedures as well as patient health.
Recently, the company announced that it would be presenting at the upcoming H.C. Wainwright BioConnect 2022 Conference. This conference will take place on January 10th through the 13th. While this alone is not a major deal, it is enough to look for speculative moves with ZOM stock during that time. Outside of this, many investors view ZOM as a meme stock. This is due to its constant mentions on social media sites such as Reddit and Twitter. And while it only launched its Truforma product last year, the company is still working hard to grow.
So right now, it seems that a combination of social sentiment and fundamentals are driving ZOM stock’s price. In addition, the pandemic has resulted in more people having domestic pets than in many years prior. So considering all of this information, do you think that Zomedica stock is worth watching or not?
Which Penny Stocks Are on Your 2022 Watchlist?
While 2021 was in no way a banner year for stability, many investors believe that 2022 could be a year to watch for penny stocks. Although it is difficult to try and predict what will happen in the stock market this year, we do know that there is a lot of bullish sentiment abound.
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As always, investors should stay as up-to-date as possible with all the latest news and events going on. Because penny stocks are so speculative, any events are crucial to understanding how penny stocks will move. With all of that in mind, which small caps are on your 2022 watchlist?
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