4 Popular Penny Stocks to Watch in July 2021
While finding the most popular penny stocks to watch can be a great strategy, there are a few other factors to consider. Depending on what type of investor you are, this includes where an industry or penny stock, in particular, may be headed in either the short or long term.
Now, some of those who invest in penny stocks tend to do so for short-term gains. This happens to be the most popular strategy when it comes to trading penny stocks. However, others seek to find penny stocks that may have long-term potential, therefore pushing them out of penny stocks territory.
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Regardless, it is extremely important to understand what type of trader you are and how to use that to your advantage. Considering that there is so much potential in the stock market right now, there are also hundreds of penny stocks to watch. So, with all of this in mind, here are four penny stocks to watch right now.
4 Hot Penny Stocks to Watch Right Now
- Cemtrex Inc. (NASDAQ: CETX)
- Vinco Ventures Inc. (NASDAQ: BBIG)
- Advaxis Inc. (NASDAQ: ADXS)
- Tellurian Inc. (NASDAQ: TELL)
Cemtrex Inc. (NASDAQ: CETX)
With the tech industry growing every day, investors continue to look for the best tech stocks to watch right now. As a part of this sector, Cemtrex is a leader in areas such as IoT, artificial intelligence, computer vision, augmented reality, and virtual reality. Within these sectors, CETX produces a range of consumer products and engages in the manufacturing of digital applications, surveillance systems, and intelligent security.
While Cemtrex did report a decrease in revenue in its most recent second-quarter report, the company attributes this to the pandemic. Covid has served to limit its operations, however, it still incurred roughly $5.9 million in operating expenses.
It’s worth noting that CETX did see an increase in its net income due to other income opportunities such as a settlement agreement and unrealized security gains. With CETX stock pushing around 11% in gains YTD, what do you think of its potential for July and beyond?
Vinco Ventures Inc. (NASDAQ: BBIG)
Another technology penny stock to consider right now is Vinco Ventures. We’ve been covering BBIG stock for quite some time due to its constant market momentum and the trending nature of its business. For some context, the company utilizes its B.I.G. strategy to further new opportunities and grow as a business.
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BBIG’s business model is to first acquire another company where it then leverages internal traffic platforms to scale the business for the best chances of long-term growth. Recently BBIG announced the ‘spin out’ plans for Emmersive Entertainment to become its own standalone entity.
“This is a great opportunity for the shareholders of record on the effective date. The technology that Emmersive continues to develop is I believe industry-changing and we felt the best way to ensure the shareholders receive that value is by splitting the two entities and providing the shareholders the proverbial ‘two bites of the apple.’ We look forward to what Brian and the team can build and have full confidence in their ability to execute.”
CEO of Vinco Ventures, Christopher Ferguson
This is big news for the company and investors alike and could prove to be a profitable endeavor in the long term. While it may take some time to see the financial benefit of this announcement, in the meantime, is BBIG stock worth watching?
Advaxis Inc. (NASDAQ: ADXS)
In the past few months, the biotech industry has gained a great deal of traction. This is due to both the impact of the pandemic and the resulting focus on biotech stocks. And, Advaxis has benefitted greatly from both of these.
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This biopharmaceutical company focuses specifically on the clinical-stage development of its proprietary compounds. In greater depth, ADXS is working on immunotherapies based on live attenuated Listeria monocytogenes (Lm). These Lm-based antigen delivery products are bioengineered to secrete antigen fusion proteins. Additionally, these products are thought of as a novel technology in the field. Recently, Advaxis planned a merger with BioSight, an oncology company.
“After an extensive and thorough review of strategic and potentially transformative options for Advaxis, we are very pleased to announce a proposed merger with Biosight.
We believe the combined company’s strong and diversified oncology pipeline with late-stage and early-stage assets, near-term milestones, seasoned leadership team, and focus on both hematological malignancies and solid tumors have the potential to provide transformative benefits to patients while also providing value to our stockholders.”
Kenneth A. Berlin, President, and CEO of Advaxis
While mergers can be quite common with biotech penny stocks, they are always exciting for both investors and the companies involved. And, this merger should help to promote both companies futures, as they work toward creating new compounds to help patients lives. Considering this, is ADXS stock worth adding to your list of penny stocks to watch?
Tellurian Inc. (NASDAQ: TELL)
Right now, the price of gas and other energy costs are rising. This increase is due to inflation and the higher demand for fossil fuels, energy penny stocks are performing well. As a major player in the U.S. liquefied natural gas industry, Tellurian, has a sizable role in the industry.
TELL also focuses on its merger and acquisition department, which has helped it to gain a sizable foothold in several unique areas of the energy industry. Additionally, its current development of its Driftwood LNG export plant in Louisiana, is one of the constant reasons that so many investors are showing interest in TELL stock.
Charif Souki, Executive Chairman of Tellurian Inc., states that the companies continued goal of M and A, is “a once in a lifetime opportunity” for producers to merge with or be acquired by TELL. On July 16th, Tellurian announced that it had canceled a deal with the French company, TotalEnergies SE, as it relates to the Driftwood LNG plant. It states that “The total agreements were terminated because they are not consistent with the commercial agreements that Driftwood…has reached with other counterparties.”
In the past six months, shares of TELL stock have shot up by a solid 44% or so. And, in the past 12 months, that number jumps to over 264%. This is a sizable gain and one that should not be ignored by investors whatsoever. Considering the state of the energy sector now and in the future, will TELL be on your watchlist in July?
Are Popular Penny Stocks Worth Buying?
Finding the best penny stocks to buy is all about understanding how the markets move. While right now things are highly volatile, many expect an economic rebound in the near future.
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Because of this, it is important to stay as up-to-date as possible with everything going on that could affect your penny stocks watchlist. But, with so much potential in the market, it can be easy to make a profit with penny stocks. Considering this, are popular penny stocks worth buying or not?
