7 Penny Stocks That You Need to Know About in July 2021

Top Penny Stocks for Your July Watchlist

With July in full swing, investors continue to search for the best penny stocks to buy. But, this is a challenging prospect considering how much the market is fluctuating right now. In order to create the best watchlist possible, investors need to understand which penny stocks could be worth watching and which are not.

This involves looking at what is going on in the world, and how those events may impact a specific penny stock or industry. And because the entire list of penny stocks is so speculative, this is extremely important. In July 2021, there are quite a few things to look out for. This includes Covid, long-term inflation, and the reopening economy. With all of this in mind, let’s take a look at seven penny stocks that you need to know about.

7 Penny Stocks For Your July 2021 Watchlist

Professional Diversity Network Inc. (NASDAQ: IPDN)
GEE Group Inc. (NYSE: JOB)
Ocean Power Technologies Inc. (NYSE: OPTT)
Ambev ADR (NYSE: ABEV)
ENGlobal Corp. (NASDAQ: ENG)
McEwen Mining Inc. (NYSE: MUX)
ShiftPixy Inc. (NASDAQ: PIXY)

Professional Diversity Network Inc. (NASDAQ: IPDN)

An interesting penny stock to look into this July is Professional Diversity Network. IPDN is known globally as a developer and operator of a professional platform used by many industry leaders. Its online and in-person network consists of networking, training, education, and employment opportunities. Meant for a broad range of sectors, IPDN is specifically focused on connecting professionals in order to improve businesses globally.

The two operating segments of IPDN are its Professional Diversity Network (PDN) and it’s National Association of Professional Women (NAPW). The way IPDN generates revenue is through its paid membership subscriptions and other related services. This includes recruitment services, product sales, consumer marketing solutions, education and treating, and consumer advertising. Over the past month, IPDN has seen over 20% growth and continues to show potential. With this in mind, will IPDN be on your watchlist?

GEE Group Inc. (NYSE: JOB)

Another business-oriented penny stock to look into is GEE Group. This company focuses on staffing solutions for businesses, connecting employers to potential employees. JOB has been in business for over a century and focuses on two industry segments: staffing services and commercial staffing.

JOB provides professional services to the technology, engineering, finance, and accounting sectors while commercial staffing is operated through different SNI brand names. Its success comes from its history of finding the right candidate for each open job position. So with job numbers continuing to rise around the nation, JOB could have an opportunity as the economy reopens.

Ocean Power Technologies Inc. (NYSE: OPTT)

A technology and energy penny stock to look at right now is Ocean Power Technologies. This penny stock is directly focused on harnessing large power supplies from natural ocean movement. Through this, it is able to provide power to mainland electric grids. Its hallmark product is the PowerBuoy, which uses a wave energy converter (WEC). This WEC provides autonomous, zero-carbon power in order to meet the needs required by systems that use it.

Industries that use it typically require consistent 24/7 power. These can include offshore business, scientific research, and territorial security. The hybrid PowerBuoy and Subsea Battery use the existing offshore power systems which keeps costs low and efficiency high. Recently, OPTT acquired 3Dent Technology, an offshore engineering service that supports oil, gas, offshore wind, and other industries. This is big news and could be something to keep in mind moving forward. Whether OPTT stock is worth watching, however, is up to you.

Ambev ADR (NYSE: ABEV)

Another penny stock to look into as the economy reopens is Ambev ADR. As the world begins to reopen, people are more and more likely to re-engage in social activities. This can include going to bars or hosting people in their homes. During both times of economic hardship and prosperity, alcohol sales tend to be increasing and generally quite high.

As a company ABEV specializes in beer, carbonated soft drinks, and other products. Its worldwide operations are based out of Central America, the Caribbean, Canada, and Brazil. From there, it is able to ship internationally to places such as the Dominican Republic, Saint Vincent, Antigua, Dominica, Cuba, Guatemala, Barbados, and Panama. Meanwhile, its Canadian subsidiary serves the United States. As one of the largest alcohol and beverage suppliers in the world, ABEV could deserve a place on your watchlist.

ENGlobal Corp. (NASDAQ: ENG)

When looking into energy penny stocks, another one worth looking at is ENGlobal Corp. This company operates in the energy industry and is a leader in renewable energy technologies. Specifically, ENG focuses on solution strategies for its domestic and international clientele. In particular, it works for engineering, procurement, and construction management. Here its goal is to implement better energy practices for each business it works with.

Recently, ENG was selected to join the Russell Microcap Index which is a big deal for both investors and the company alike. ENGlobal CEO, Mark Hess, commented, “We are pleased to have been selected for addition to the Russell Microcap® Index. We believe this addition validates the stability of our business and our future business prospects and will be an added opportunity for us to heighten investor awareness as we work to build shareholder value.” Whether this makes ENG stock worth keeping an eye on is up to you.

McEwen Mining Inc. (NYSE: MUX)

As the economy goes through a period of unprecedented recovery and high inflation, many are turning their heads to precious metals. A penny stock that deals directly with these types of assets is McEwen Mining. MUX is a silver and gold producer based out of North and South America. Specifically, MUX focuses on its production, development, and exploration of specific unique mining opportunities.

Rob McEwen, the Founder, and CEO of MUX, stated, “The market seems to prefer a pure copper play as opposed to a large copper project in a smaller precious metals company. With the increase in copper price, there’s more interest.” This increased interest in precious metals right now is something that could continue to benefit MUX stock. Considering this, will it be on your list of penny stocks to watch?

ShiftPixy Inc. (NASDAQ: PIXY)

The last penny stock on our list today is ShiftPixy. This is a company that focuses specifically on next-gen mobile engagement technology. It specifically does this by working with businesses in order to optimize administrative burdens and better connect with potential employees. As the pandemic comes to a close and businesses begin to reopen unemployment is expected rates are expected to decrease. This means more opportunities for hires and shift-based employees to find positions in the work field.

“We’re excited to be working with ShiftPixy and our local colleges and universities to address the latest labor challenges in the wake of COVID-19, and show our continued support of the local restaurant and hospitality industries.
Through the upcoming job fair, and other efforts to connect workers with businesses in these sectors, we’re helping our businesses solve their current staffing issues by promoting the economic, social and cultural health of downtown Miami, and leading the city through its post-pandemic recovery.”
City Commissioner and Chairman of the Miami DDA, Manolo Reyes

Again, this is a company that has both a clear and straightforward benefit from the ending of the pandemic. For this reason, it could be worth watching in the near future.

Are These Penny Stocks on Your Watchlist?

Finding the best penny stocks to buy is all about understanding the current world we live in. With so much going on that is affecting the market, it can be difficult to keep track.

But, with careful research and a dedication to finding information, it can be easier than previously imagined to be a profitable trader. With all of this in mind, are these penny stocks on your watchlist?

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