3 Penny Stocks to Add to Your Watchlist This Week
Penny stocks are, without a doubt, a risky investment. They are often highly volatile and can be subject to large amounts of market movement. However, there are also many penny stocks that have the potential to offer investors substantial returns.
So, the question is: are penny stocks worth investing in right now? The answer depends on a number of factors, including your investment goals and risk tolerance. If you’re willing to take on a bit of risk, penny stocks could be worth considering as part of your investment portfolio. Just remember to do your research before investing, and always keep an eye on the market to make sure you’re making smart investment choices.
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So, are penny stocks worth investing in right now? It depends on your individual circumstances and investment goals. Just remember to do your research and stay up-to-date on market conditions before making any decisions. Because penny stocks are so speculative, they may not be right for everyone. This level of speculation means that paying attention to the news is critical for penny stock investing, as company-specific and sector-wide news can have a big impact on penny stock prices.
When evaluating whether penny stocks are worth investing in, it’s important to remember that these stocks can be very risky. However, if you’re willing to take on a bit of risk, they could potentially offer substantial. With that in mind, let’s take a look at what happened in the stock market on October 7th.
What Happened in the Stock Market on October 7th, 2022
On October 7th, both penny stocks and blue chips fell in value. By EOD, the Dow Jones, S&P 500, and NASDAQ, had all dropped by over 600 points, 2,8%, and 3.8% respectively. These are major losses that come after a few days of sizable positivity in the stock market.
Recently, data came out showing that the U.S. economy added around 263,000 jobs. Although the dropping rate of unemployment should be positive, it gives a green light for the recent rate hikes. So, with all of this in mind, let’s take a look at three penny stocks to watch right now.
3 Penny Stocks to Watch Right Now
- Credit Suisse Group (NYSE: CS)
- Aditxt Inc. (NASDAQ: ADTX)
- Camber Energy Inc. (NYSE: CEI)
Credit Suisse Group (NYSE: CS)
With over 13% in gains on Friday, CS is a penny stock that many investors are watching right now. The main news for the company comes as it is working on raising new capital. An announcement came out stating that about 10 bidders have so far submitted offers for several securitized products.
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With the goal of conserving its capital and continuing to build more, the company is clearly working hard to grow despite poor economic conditions. So, while it is difficult to say that CS stock is worth buying or not right now, it could be a worthwhile addition to your penny stocks watchlist.
Aditxt Inc. (NASDAQ: ADTX)
Another gainer from Friday, October 7th was ADTX stock. With over 9% in gains during trading, shares of ADTX stock have fallen by around 55% in the past month. As a result of that, it’s clear that this recent bullish movement is exciting for investors to consider.
The most recent news from the company came when FedEx featured ADTX’s AditxtScore Immune Monitoring Center. Currently, blood specimens are delivered by FedEx for the benefit of ADTX. And because of that, investors are showing a heightened amount of interest in the company. Whether this makes it worth adding to your list of penny stocks to buy or not, is up to you.
Camber Energy Inc. (NYSE: CEI)
While CEI did not make much in terms of gains on Friday, it did have a much greater than average volume. With its Friday volume coming in at around 35 million, it is obvious that speculation is causing more interest in CEI stock than usual. So, is there any news behind this movement, or is it simply the result of popularity?
The most recent news from the company came a few days ago when the company announced that it is now in compliance with the NYSE’s continued listing standards. With this, investors have a bit more confidence in the future of the company now that this issue is out of the way. So, is CEI stock worth buying today or not?
Which Penny Stocks Are You Watching Right Now?
To summarize, penny stocks are a high-risk investment, but they can also be profitable. If you do your research and invest in companies with good fundamentals, then penny stocks could be worth considering.
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However, if you don’t have the stomach for risk, or if you don’t know what you’re doing, then penny stocks are probably not the right investment for you. With small-caps, it all comes down to who has the most information on hand. This is the best and only way to have a heightened chance of profitability. With that in mind, which penny stocks are you watching right now?
