3 Trending Penny Stocks to Add to Your Watchlist
Finding trending penny stocks can be a great way to stay ahead in the stock market. And while it may be easier said than done, there are plenty of ways to stay on top of which stocks may become trending in the near future.
The first and most important step will always be the research stage. And when it comes to finding trending stocks, this research can be done outside of the traditional method. And with penny stocks, this mostly involves looking at the news and understanding how certain events may lead to gains in certain industries.
For example, the recent infrastructure bill has massive implications for EV penny stocks, energy stocks, and many more. And if you pour through the data and find stocks that have a high correlation, you could be putting yourself one step ahead of other traders.
In addition, scouring social media such as Reddit and Twitter will help to show which penny stocks are popular right now, and which are rising in the ranks. So, considering all of this, let’s take a look at three trending penny stocks that you don’t want to miss.
3 Trending Penny Stocks to Watch in August 2021
BEST Inc. (NYSE: BEST)
BEST Inc. is an industrial penny stock that has climbed by almost 20% since late July. For some context, this company is a smart supply chain service provider in China. Its technology is used in network optimization, smart warehouses, and store management among other processes. Because of the massive industrialization that has occurred in line with the pandemic slowing in China, BEST Inc. could see the demand for its services increase. Many warehouses have transitioned to digital management services, meaning that smart supply chain needs are higher than ever.
On August 1st, the company partnered with Cainiao to launch a cross-border logistics services program from China to Thailand, as well as Vietnam and Cambodia. Following this announcement, BEST stock managed to climb substantially. This is an exciting announcement and one that shows how BEST Inc. is working hard to continue growing.
“Southeast Asia has been a key focus area of BEST’s global strategy, and we plan to invest more in the business and the region. We have developed express delivery networks into five markets in the region, providing customers with speedy, reliable, and cost-efficient services, while facilitating the growth of cross-border e-commerce.”The Chairman and CEO of BEST Inc., Johnny Chou
Moving forward, the company plans on releasing its second-quarter financial results on August 17th. Ahead of this date, will you add BEST stock to your watchlist?
ENGlobal Corporation (NASDAQ: ENG)
In the past five days, shares of ENG stock have pushed up by around 8%, while albeit correcting slightly today on August 11th. For some context, ENGlobal Corporation is an industrial company that provides engineering and automation services to energy corporations. It’s engineering, procurement, and construction management business provides multi-disciplined services to companies requiring professional engineering and project management. This broad reach ensures that ENGlobal has market demand in several industries around the world.
On August 5th, the company released a strategic update and its second-quarter financial results. While ENGlobal was hit hard by the pandemic, it still managed to raise roughly $19 million in the quarter to continue operations. As a result, the company ended the quarter with roughly $29 million in cash on hand. And, it stated that it could have the ability to succeed in the coming quarters.
The company’s CEO has also stated that the company could have a large range of opportunities as it related to expanding renewables and green energy. This is an industry that has grown substantially in the past few years. And, it does not look like it will be slowing down anytime soon. As a result, ENG stock could be placed in the ESG (environmental, social, governance) category.
The CEO of ENGlobal Corp., Mark A. Hess said, “These opportunities, plus the continued energy industry recovery from the COVID pandemic, will, we believe, produce improved results for our company for the remainder of this year and beyond.” With all of this in mind, will ENG stock be on your penny stocks watchlist moving forward?
Enzolytics Inc. (OTC: ENZC)
Enzolytics Inc. is a biotech corporation that focuses on commercializing proprietary proteins for the treatment of debilitating infectious diseases. It has patented anti-HIV therapeutics and a proprietary practice for producing human lgG1 monoclonal antibodies. Enzolytics additionally has a proprietary cell line that produces human monoclonal antibodies that have shown in studies, to have neutralizing potential against HIV as well. On July 29th, the company reported its progress towards the completion of clinical trials for its ITV-1 anti-HIV therapeutic.
“As this is the second time our ITV-1 therapeutic has progressed through clinical trials and the first trials were successful, we are fully confident that we will succeed in the permitting process. With the reciprocal treaty between the EMA and FDA, we believe that the EMA approval with lead to further advancement of our ITV-1 as a successful therapy.”The CSO of Enzolytics, Harry Zhabilov
This is a major breakthrough for ENZC and the millions that suffer from HIV worldwide. While it is still a ways away from being commercialized, steps like these are extremely important on the pathway to doing so.
This is the latest update that has come from Enzolytics and is something that investors may want to keep track of. It’s worth noting that we’ve mentioned ENZC stock quite a few times in the past several months as a result of its momentum and consistent progress in the biotech industry. Now, it will be interesting to see what the next update on these clinical trials is in the future. Considering this, will ENZC stock make your August penny stocks watchlist?
Are These Penny Stocks Worth Buying?
Finding the best penny stocks to buy in 2021 is all about understanding where the market is headed. With so many factors occurring simultaneously, it can seem difficult to stay ahead of the game.
However, investors can do their best to think one step in front of other traders, and make moves based off of information. Considering all of this, are these penny stocks worth buying or not?