3 Top Penny Stocks to Watch As We Turn the Corner in January
With such a large range of penny stocks to choose from, finding the best ones for your watchlist can be challenging. But, with the right amount of research and a dedicated trading strategy, finding the best penny stocks to buy can be much easier than previously imagined. To find penny stocks that could be worth it, it takes a thorough understanding of what is going on in the stock market and how to trade.
When it comes to trading penny stocks, there are two main strategies that investors utilize. On one hand, we have long-term trading. While this is less common given the sheer amount of volatility that penny stocks see, it is a viable strategy. On the other hand, we have short term or swing trading. This tends to be the most popular trading method solely because penny stocks move frequently.
[Read More] Best Penny Stocks To Buy Now? 3 To Watch After Trump Stocks Surge
While no one strategy is better than another, it all comes down to what type of trader you are. So, knowing what type of trader you are is paramount to making money with penny stocks in 2022. Considering all of this, let’s take a look at three penny stocks to watch right now.
3 Penny Stocks to Add to Your Watchlist in January
- Borqs Technologies Inc. (NASDAQ: BRQS)
- Ambev ADR (NYSE: ABEV)
- Ideanomics Inc. (NASDAQ: IDEX)
Borqs Technologies Inc. (NASDAQ: BRQS)
One of the bigger gainers of the day so far is BRQS stock. By EOD, shares of BRQS stock had shot up by over 20% to north of $0.44 per share. While many large gains occur without news, only a few weeks ago, Borqs made an exciting announcement. The company stated that it has entered into the EV smart cockpit market.
“We are very pleased to team up with Cheyin to leverage our deep expertise in the IoT and embedded software solutions. Borqs has developed software for In-Vehicle-Infotainment systems in the past several years which were installed in some of the China-made automobiles. Digital transformation in the automobile industry is accelerating in the coming years because of the robust growth of electric vehicles.”
Pat Chan, the CEO of Borqs Technologies
If you’re not familiar, Borqs is a Qualcomm portfolio company, and is a large player in the IoT, products, and software market. The company has a large range of IP as well as software that it offers to its customers. Recently, Borqs has also moved into the 5G market through new products for phones and hotspots. Right now, there is a major amount of emphasis on tech penny stocks. And, with this new update putting Borqs into the EV market, it’s clear the company could remain in the public eye. With that in mind, will it be on your penny stocks watchlist?
Ambev ADR (NYSE: ABEV)
ABEV is a penny stock that we’ve covered numerous times over the past few weeks. And again today, shares of the beverage company are climbing during trading. In the past five days, ABEV stock has shot up by over 7%. While shares are still down for the year period, it looks like we are witnessing a small bullish turnaround with Ambev right now.
So, why the bullish sentiment with Ambev ADR in January? Well, since its earnings report for the third quarter came out a few months ago, investors have showed a renewed confidence in the future of the company. It stated that in its keys markets, it was able to grow in volume by around 8%.
[Read More] 4 Top Penny Stocks To Watch For A Short Squeeze
One of the interesting aspects of Ambev or any beverage company is that they tend to see sales increase in both positive and negative economic times. For example, when people were at home due to the pandemic, the sale of alcohol rose significantly. And now that people are once again going out, we’ve seen those same sales continue to rise. While ABEV stock can be quite volatile, it could also be worth looking into for your list of penny stocks to watch.
Ideanomics Inc. (NASDAQ: IDEX)
Another popular penny stock to watch right now is Ideanomics Inc. Today, shares of IDEX managed to climb by almost 5%, ending the day at just under $1.20 per share. If you’re not familiar, Ideanomics operates under two main categories. On one hand, its Ideanomics Mobility division invests in budding EV technology. On the other hand, its Ideanomics Capital division does the same but with new Fintech related offerings. The most recent news from IDEX came as the company announced an investment into InoBat. This is a company working on the development of new electric batteries.
“InoBat prides itself on providing innovative solutions across the entire battery value chain thanks to our own ‘cradle-to-cradle’ approach. We are thrilled to join hands with Ideanomics, a like-minded company with vehicles across a wide range of industries.”
The CEO of InoBat, Marian Bocek
With the major bullish emphasis on EV penny stocks right now, it’s clear that IDEX is in focus. Whether this makes it worth adding to your watchlist however is up to you. But, investors should continue to consider the future of both industries that Ideanomics works in before making a decision.
Which Penny Stocks Are You Watching Right Now?
If you’re looking for the best penny stocks to buy, there are hundreds of options to choose from. But, investors need to have a consistent trading strategy on hand and a thorough understanding of how to trade in order to have the best chance of making money with penny stocks. Right now, there are quite a few industries that investors are interested in. This includes biotech penny stocks, tech penny stocks, and in the near future, reopening penny stocks.
[Read More] Stock Market News For Today, January 14th, 2022
Within each of these industries are penny stocks that could be worth it; but it depends on specific companies and their fundamentals. At the end of the day, trading is a very individual task, and should be approached as such. With all of that in mind, which penny stocks are you watching right now?
If you enjoyed this article and you’re interested in learning how to trade so you can have the best chance to profit consistently then you need to checkout this YouTube channel. CLICK HERE RIGHT NOW!
