9 Penny to Consider For Your Watchlist in 2021
In 2021, there are quite a lot of penny stocks that are worth watching. This is marked by consistent movement and a high degree of overall volatility. Because most investors choose to swing trade penny stocks, large intraday fluctuations are a major plus. And with hundreds on the list of penny stocks to choose from, the only hard part is which ones are worth it and which are not. But, this can be easily deduced by spending some time researching different small-caps and developing your own trading strategy.
The best traders are always the ones with the most information at hand. And with the power of the internet, every trader has access to all the tools out there. While the influence of Reddit and Robinhood on penny stocks is high, these are again, factors that contribute to the overall volatility of the stock market. And as stated earlier, penny stocks tend to be some of the most volatile assets out there. With all of this in mind, here are nine penny stocks to consider for your watchlist in 2021.
5 Penny Stocks For Your 2021 Watchlist
- OncoSec Medical Inc. (NASDAQ: ONCS)
- Jaguar Health Inc. (NASDAQ: JAGX)
- Harmony Gold Mining Company Ltd. (NYSE: HMY)
- Federal National Mortgage Association (OTC: FNMA)
- Clear Channel Outdoor Holdings Inc. (NYSE: CCO)
OncoSec Medical Incorporated (NASDAQ: ONCS)
Shares of the biotech penny stock, OncoSec Medical Inc., shot up by a staggering 21% during trading today. This is a company that develops cytokine-based intratumoral immunotherapies to stimulate the body’s immune system. The goal of this medical technology is to target and attack cancer.
Its lead product candidate is ImmunoPulse IL-12, which uses an electroporation device to deliver a DNA-encoded interleukin-12 for reversing the immunosuppressive microenvironment in the treated tumor. On July 6th the company entered a collaboration agreement with Merck for a pivotal global Phase 3 study KEYNOTE-C87.
“We are thrilled to enter into this collaboration and supply agreement with Merck – one of the world’s leading immuno-oncology companies – to help bring TAVO™ to patients with metastatic melanoma whose disease did not respond to initial checkpoint inhibitor therapy or who have developed progressive disease and therefore do not have additional treatment options available.”Interim Chief Executive Officer Brian Leuthner
The company’s stock price has gone up more than 21% on the day of July 7th. The company’s volume is at 80 million on the same day, while its average is just 227,000. The solid momentum with ONCS stock is one of the reasons that so many investors are keeping an eye on it. So will ONCS be on your penny stock watchlist this week?
Jaguar Health Inc. (NASDAQ: JAGX)
The next biotech penny stock, Jaguar Health Inc., is also seeing increased momentum in the market right now. JAGX is a commercial-stage pharmaceuticals company that develops prescriptions for people and animals. These medicines are for those with GI distress, specifically chronic, debilitating diarrhea. The company’s subsidiary Napo Pharmaceuticals Inc. develops and commercializes proprietary plant-based human gastrointestinal pharmaceuticals.
On June 28th, Jaguar Health joined the Russell MicroCap Index. This is the latest update that has come from the biotech penny stock. The CEO and President of Jaguar Lisa Conte said, “We are very pleased that Jaguar has been added to the Russell Microcap® Index – an important milestone that we believe will increase the overall awareness and visibility of the Company within the global investment community and broaden our institutional shareholder base.”
JAGX stock is up 6.71% on July 7th. The company’s volume is nearly double its average as well on the same day. With all of this in mind, will JAGX stock be on your list of penny stocks to watch?
Harmony Gold Mining Company Limited (NYSE: HMY)
Harmony Gold Mining Company Limited is a mining penny stock that explores, extracts, and processes gold. The company’s operations take place in South Africa and Papua New Guinea. It also explores for uranium, silver, and copper deposits. So when these metals perform well, HMY stock usually can see correlative momentum. It currently has nine underground operations in the Witwatersrand Basin and various other projects in the works as well.
Harmony Gold Mining Company Limited has not released any recent company-specific updates in recent weeks. So, why is its stock price increasing in value? Well, HMY stock is likely increasing as mentioned before, due to the increase of precious metals prices. When these metals increase in price, HMY can see increased momentum. The company’s volume is lower than average but it did increase by a respectable 1% on July 7th. So will HMY be on your list of penny stocks to watch this month?
Federal National Mortgage Association (OTC: FNMA)
Federal National Mortgage Association (Fannie Mae) is a penny stock that provides financing opportunities for those looking to get home loans. The U.S.-based company securitizes mortgage loans originated by lenders into Fannie Mae mortgage-backed securities. Federal National Mortgage Association operates in two sections: single-family and multifamily. The company services mortgage banking operations, savings and loan companies, savings banks, commercial banks, credit unions, and more.
On June 30th, Fannie Mae released its May 2021 monthly summary which includes year-to-date, monthly activities, and more. FNMA stock recently went down on a large scale because of a court case that received sizable market attention. The Supreme Court rejected a shareholder lawsuit by several hedge funds that claimed the FHFA exceeded its authority in handling the two government-sponsored entities.
As a result, FNMA shares went from $2.24 per share on average to $1.51 per share on average and continued to fall. As of July 7th, FNMA stock is at $1.40 per share. Despite this, the real estate market is huge in 2021, which could be good news for FNMA in the future. But, as it stands, is FNMA worth watching?
Clear Channel Outdoor Holdings Inc. (NYSE: CCO)
Clear Channel Outdoor Holdings Inc. is a penny stock that owns, operates, and sells advertising displays. It offers billboards, bulletins, posters, transit displays, and much more. The company has more than 71,000 advertising displays in the Americas, and 430,000 advertising displays in Europe. Additionally, CCO provides street furniture equipment, cleaning and maintenance services, production of advertising materials, and more.
There is a great deal of popularity surrounding CCO right now. This is due to its planned second-quarter earnings release that will take place on July 29th, 2021. On the day of July 7th, CCO stock went up by 4% in the market. Its volume is lower than average, but this makes sense as investors anticipate the upcoming announcement. So, with more people traveling right now, the advertising market could begin to pick up. But, only time will tell. For now, CCO stock could be worth keeping an eye on.
4 More Penny Stocks to Watch in 2021
- Digital Brands Group Inc. (NASDAQ: DBGI)
- Antelope Enterprise Holdings Ltd. (NASDAQ: AEHL)
- Humbl Inc. (OTC: HMBL)
- Adomani Inc. (OTC: ADOM)
Which Penny Stocks Are on Your Watchlist Right Now?
Finding the best penny stocks to buy in 2021 is all about understanding what makes the market move. With so many factors affecting both penny stocks and blue chips, there is a lot to keep track of.
However, with a proper trading strategy and a commitment to understanding the ebb and flow of the stock market, making a profit with penny stocks can be completely possible. With all of this in mind, which penny stocks are you watching right now?