Are These 3 Penny Stocks Worth Buying This Month?
With September almost at the halfway point, there are plenty of penny stocks that investors are watching. And despite some major turbulence in the market in the past few months, we are seeing penny stocks trend higher during certain trading sessions.
Now, to understand which penny stocks to buy, investors need to have a solid understanding of the market conditions and their own unique investing style. This will help to keep your portfolio in a place that is comfortable for your threshold for risk.
Right now, the elephant in the room is Covid and specifically, the Delta variant. While cases have been declining in some areas of the world, it is still running rampant. And as a result, many investors have turned to penny stocks that could benefit from the pandemic now, or as it ends in the future.
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Some industries that investors are watching right now include tech, biotech, reopening penny stocks, and a few others. But, in each of these industries are penny stocks that require further investigation. And with any penny stock on your list, investors need to understand how it will move, and why. So, with all of this in mind, let’s take a look at three penny stocks to watch in mid-September.
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3 Penny Stocks to Watch in September 2021
- Camber Energy Inc. (NYSE: CEI)
- New Oriental Education & Technology Group Inc. (NYSE: EDU)
- Ambev S.A. (NYSE: ABEV)
Camber Energy Inc. (NYSE: CEI)
Camber Energy Inc. is an oil and gas penny stock that has been making headlines in several recent trading sessions. While it does have an interesting business model, the main reason for its recent gains is due to its placement as a meme stock.
These are stocks that are heavily trending online, and as a result, they tend to see large bullish sentiment. For some context, this company acquires and develops land for crude oil, natural gas, and natural gas liquids, which it sells to various industries. As of March 31st, 2020 the company had estimated proved reserves of 133,442 million barrels of oil equivalent.
On August 24th, the company secured an exclusive IP license for the “ESG Clean Energy System”, a patented carbon-capture system. The company’s license is exclusive for all of Canada and non-exclusive for up to 25 locations in the U.S. The ESG clean energy system can generate clean electricity from internal combustion engines and utilize waste heat to capture about 100% of the CO2 emissions.
“In my view, this transaction positions us as an industry leader in terms of being able to assist with the power generation needs of commercial and industrial organizations while at the same time helping them reduce their carbon footprint to satisfy regulatory requirements or to simply follow best ESG-practices.”
President and CEO of Camber, James Doris
With this big news in mind and Camber’s major recent upticks, it could be worth keeping an eye on. Considering this, will CEI be on your penny stocks watchlist?
New Oriental Education & Technology Group Inc. (NYSE: EDU)
New Oriental Education & Technology Group Inc. is an educational penny stock that is trending in the market right now. This company offers K-12 private educational test preparation services. As of May 31st, 2020 the company’s services and programs were offered in 104 schools, 1,361 learning centers, and 12 bookstores.
On August 18th, the company provided an update on regulatory development. This has to do with the government in China changing the laws around regarding education. The Beijing Municipality Government and the Beijing Municipal Committee of the Communist Party of China jointly issued the “Beijing Municipality’s Measures to Further Reduce the Burden of Homework and After-School Tutoring on Students in Compulsory Education in Beijing”.
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The Beijing Measures state that Academic AST providers can no longer provide services on national holidays, weekends, summer or winter break, and more. There are a lot of other restrictions that the company must follow as well. EDU stock initially fell due to this news, but now the company’s price is increasing in the market once again.
If you’re interested in EDU stock, it’s worth keeping up with the regulatory happenings in China, as they play a major role. Keeping this new information in mind, will EDU be on your list of penny stocks to watch?
Ambev S.A. (NYSE: ABEV)
Ambev S.A. is another penny stock that has been rising in the past few trading sessions. For some context, Ambev is a company that sells beer, food, and carbonated soft drinks. Its brands include Skol, Budweiser, Bud Light, Stella Artois, Corona, and many other large names. Under its non-alcoholic brands are offerings such as Gatorade, Lipton, Pepsi, and many more. As you can see, ABEV has quite a portfolio of beverages. And, during times of both economic hardship and prosperity, we often see the alcohol industry move up.
Back in July, the company provided an update on its earnings and business for the second quarter of 2021. Its net revenue grew by over 36% during this period. Its normalized profit grew 116% during this period as well. In addition to this great news, Ambev’s operating cash flow went up by 2%. This is all a major positive and shows that ABEV is working hard to grow in the face of the pandemic.
“This quarter, we completed one year since the negative impact of the first wave of COVID-19 pandemic. And I’m happy to see that the choices we made in the past 12 months continue to deliver results. We achieved the highest consolidated volumes in a second-quarter on record, which led to an all-time high rolling 12 months volumes, 5 million hectoliters above the peak back in 2015.”
The CEO of Ambev, Jean Jereissati
Keeping this information in mind, will ABEV be on your penny stocks watchlist?
Which Penny Stocks Are You Watching in September?
Finding the best penny stocks to buy all comes down to understanding your own tolerance for risk. With so many to choose from, it can be difficult to pick the best ones for your list.
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However, if we consider what is going on in the world, and how we can use that as an advantage, it becomes much easier. In addition, having a thorough understanding of your own portfolio goals is something that will benefit you in both the short and long term. With all of this in mind, which penny stocks are you watching in September?
