Are These Epicenter Penny Stocks on Your Watchlist?
As the pandemic began and penny stocks/blue chips sunk in value, many investors quickly scooped up shares at low prices. Soon after, the stock market began to rise in value, and many penny stocks moved toward record highs.
On the other hand, the stocks that were hit the hardest by the pandemic, are referred to as epicenter stocks. As the name suggests, these are stocks at the epicenter of the Covid-19 pandemic, and alternately, those that could benefit the most if things go in the right direction.
For example, some epicenter stocks include those in the travel industry, energy, financial, materials and more. And although it is difficult to say just when these stocks will begin to bounce back, we can use the trajectory of the pandemic as a way to identify a potential time frame.
Right now, we are in the midst of a Delta-variant-inspired Covid-19 spike. While this is disheartening, if we look at the U.K., only a few weeks after their spike began, numbers are now declining substantially day to day. So, we can all hope that the pandemic will end soon. But, in the meantime, let’s take a look at four epicenter penny stocks that you should know about in 2021.
4 Epicenter Penny Stocks to Watch Right Now
- Tellurian Inc. (NASDAQ: TELL)
- Blue Apron Holdings Inc. (NYSE: APRN)
- Creatd Inc. (NASDAQ: CRTD)
- Scworx Corp. (NASDAQ: WORX)
Tellurian Inc. (NASDAQ: TELL)
Up by around 12% at EOD are shares of the energy penny stock, Tellurian Inc. YTD, shares of TELL stock have shot up by over 220%. And while this is a reflection of the bullishness on the oil and gas industry, it is also a great sign for Tellurian Inc. as a whole.
Today, Tellurian made big news after announcing that it finalized an agreement with Shell NA LNG for the sale of its liquified natural gas. This is the third deal that the company has completed in the past two to three months, and together, they represent almost all of its production capacity at the Driftwood LND’s first two plants.
The CEO of Tellurian, Octavio Simoes, states that “Tellurian welcomes Shell to the Driftwood project. Shell manages one of the largest and most diverse portfolios of LNG in the world, and is leading the industry in delivering CO2e neutral LNG cargoes.”
This is positive news for both Tellurian’s short and long-term prospects, and should help to keep its Driftwood operation flowing. With a major emphasis on LNG right now, TELL stock could be worth keeping an eye on.
Blue Apron Holdings Inc. (NYSE: APRN)
Another big gainer of the day so far is Blue Apron Holdings Inc., up by over 10% at EOD. While YTD, shares of APRN stock have shed around 34% of value, there are some interesting factors for investors to consider. If you’re unfamiliar with what the company does, Blue Apron is a provider of at-home meal kits.
Its motto is “better living through better food.” And while the trend of chef-inspired meal delivery is widespread now, Blue Apron was one of the earliest players on the scene. The company is devoted to providing high-quality ingredients that can be made quickly at home. Ahead of its financial results for Q2 2021 which will be released on August 3rd, we can take a closer look at the company.
There are two factors to consider before deciding if APRN stock is worth watching. On one hand, the impact of the pandemic has meant that more people are at home or choosing to forgo eating out. And while this has changed with vaccines in the past six months or so, the sentiment remains largely the same. For this reason, demand for Blue Apron’s products has increased during the past year or so.
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The second thing to consider is that if case numbers decline, more people could be headed back to work and therefore, have less time to cook meals. This could also result in a demand increase for Blue Apron’s products. Regardless, the financial results released by the company will be quite telling as to its current business model. So before the numbers drop, do you think that APRN stock is worth keeping an eye on?
Creatd Inc. (NASDAQ: CRTD)
Creatd Inc. is a tech penny stock that is the parent company of the platform known as Vocal. It works with creators and brands worldwide to provide leading content and partnerships.
Today, Creatd announced that it had entered into a non-binding Memorandum of Understanding or MOU, to buy a large stake in the DTC company, Wobble Wedge. Wobble Wedge is a disruptor in the home improvement market, that sells its products both directly to consumers and through wholesale sources. The agreement will give CRTD a 55% stake in Wobble, in exchange for both cash and stock.
“I am thrilled about this opportunity to add Wobble Wedge to Creatd’s e-commerce portfolio and to integrate their incredible management team. After closing, we expect the transaction to be immediately accretive to EBITDA and generate between $1.5-1.7 million in net revenues over the next 12 months.”The CEO of Creatd, Jeremy Frommer
While we likely won’t see the result of this until Creatd’s next balance sheet, it is still exciting news for investors to consider. Whether this is enough to make CRTD stock worth buying, however, is up to you.
Scworx Corp. (NASDAQ: WORX)
Scworx is a tech penny stock that builds data warehouse machine learning and artificial intelligence-based software. These SaaS products are in use for healthcare providers and other customers. Within the platform, customers can access data cleansing and normalization, contract management, automated rebate management modules, and much more. A few weeks ago, the company announced that it had regained compliance with the NASDAQ listing requirements.
At the same time, it announced that Tim Hannibal, current COO, would become the new CEO. He stated that “over the last 10-15 years, technology within the healthcare industry has evolved both in cost and complexity. Unfortunately, the technology which was implemented within different hospital departments and with disparate objectives has failed to provide the promised advancements.”
As a leader in providing software to healthcare institutions, there is a clear benefit that Scworx could gain from the pandemic’s current state and the ending of Covid-19. With all of this in mind, is WORX stock worth keeping an eye on?
Which Epicenter Penny Stocks Are You Watching?
Finding the best epicenter penny stocks to buy is all about considering which companies may benefit the most. While the pandemic is still ongoing, if more people can get vaccinated, we could see cases begin to decline in the near future.
However, for now, it could be the time to find potentially valuable penny stocks to buy. With all of this in mind, which epicenter penny stocks are you watching?