10 Penny Stocks to Watch With AMC in Focus
With July in full swing, there is plenty to consider when looking for penny stocks to buy. We’ve covered what factors are in play right now numerous times in the past few weeks. But if you’re unfamiliar, here’s a short summary. First and foremost, we have the pandemic. While case numbers are still low, they are steadily increasing due to the impact of the delta variant.
Because vaccinations are still a high-power threat against this variant, it’s unlikely that we will see case numbers surge to the levels they were at a few months ago. This means that investors are still highly focused on reopening penny stocks and others that could benefit from the pandemic ending.
Next, we have to account for long-term inflationary effects as a result of the pandemic. With billions of money given out and printed in the past year, inflation is inevitable. But, there are plenty of ways to benefit from this such as with safeguard stocks, and others that remain stable during times of economic uptrends and downtrends.
Additionally, right now we have the effect of #AMCBonds trending on Twitter. This has to do with the NYSE adding AMC stock to the list of Threshold Securities. These are “equity securities that have an aggregate fail to deliver position for five consecutive settlement days.”
This has resulted in anger from the retail traders buying shares of AMC and holding, as it is another way for the big banks to secure their investment. Additionally, this continues to be the story with AMC as massive hedge funds try to recoup their $12 billion losses from mega shorts on AMC stock. While this is a developing story, it is something to consider. While there are more things to consider, these two should help to get you on the right track.
This article is a continuation of ‘7 Trending Penny Stocks That You Need to Know About in July 2021”, so if you haven’t read that, go and give it a look. With all of this in mind, let’s take a look at three more penny stocks to watch right now.
3 More Penny Stocks For Your July 2021 Watchlist
India Globalization Capital Inc. (NYSE: IGC)
India Globalization Capital Inc. is a penny stock pushing up by around 9% late in the day on July 1st. If you haven’t heard of IGC stock, you’re probably not alone. India Globalization is a biotech penny stock developing cannabinoid-based therapies for use in those with Alzheimer’s and general pain.
Based in Maryland, the company is split into two unique sectors. On one hand, it engages in the infrastructure industry and on the other, in life sciences. Both of these make up its overall business strategy. While no news is causing today’s gain for IGC stock, we are seeing certain similar companies climb.
The latest news from IGC comes around a week ago when it announced the completion of the final cohort of its Phase 1 clinical trial on Alzheimer’s. In this, its IGC-AD1 compound was given to a group of individuals suffering from this condition, and it will soon present the data to the FDA. The company believes that this is the first human clinical trial using low doses of THC on Alzheimer’s patients. And for that reason, it believes it could have success in this regard. With all of this in mind, is IGC stock on your watchlist?
AYRO Inc. (NASDAQ: AYRO)
We’ve covered AYRO quite a few times in the past couple of weeks due to its sizable rises in value. In the past year, shares of AYRO stock are up by over 75%, despite some less than stellar trading in the past week or so. A few weeks ago, the company announced a $2 million purchase order for its 2022 Club Car Current.
This is an electric vehicle that can be used by universities and restaurants to golf clubs and more. It offers multiple bed configurations and could be the next generation of light-duty electric vehicles. Today, it announced that the Karma Innovation and Customization Center revealed the first of these vehicles in production.
Dr. Lance Zhou, CEO of Karma states that “Having the first of these vehicles roll off the line at our KICC facility is a great step forward in our relationship with AYRO and Club Car and will help us deliver on our climate pledge efforts to become net-zero by 2040.” This is big news and shows how fast AYRO is working toward the commercialization of its vehicles. Whether this makes AYRO stock worth watching or not is up to you.
Auddia Inc. (NASDAQ: AUUD)
AUUD stock is another penny stock that we have talked about frequently in the past few weeks. After several big announcements and a new analyst rating, shares of AUUD are climbing right now. Additionally, AUUD shares are no longer in penny stock territory at $6.15 per share as of July 1st at midday. In the past month, Auddia has climbed by over 155% in value, indicating very solid investor sentiment.
And in the past five days alone, shares of the media company have shot up by around 70%. A few days ago, it announced the release and national launch of its new Auddia App, which is ahead of schedule. This was made possible by the earlier announcement of a new AI technology that brings the price of radio production and broadcast down substantially.
“The launch of the Auddia App represents the culmination of an incredible amount of vision, innovation, dedication and persistence across the entire Auddia team.
Courage never quits, and I could not be prouder of the steadfast resilience our team displayed in achieving this remarkable milestone. It is invigorating to be at the forefront of changing a massive industry that represents such an enormous growth opportunity.”Jeff Thramann, Founder and Executive Chairman of Auddia
With the substantial updates given from AUUD stock in the past few weeks, it could be an interesting company to keep an eye on.
Are Penny Stocks Worth It?
The question of whether or not penny stocks are worth it is a difficult one to answer. Because each investor is different, it all comes down to what your strategy is as well as your risk tolerance.
Considering that there is so much going on in the stock market right now, it is nearly impossible to keep up with everything occurring at once. But, if we pick a few topics and stick to them, making money with penny stocks can be more than doable.
To read about the rest of the penny stocks on this list head to 7 Trending Penny Stocks That You Need to Know About in July 2021′