3 Penny Stocks For Your End of September Watchlist
With the end of September only a week away, penny stock investors are hopeful that October could turn over a bullish leaf. It’s worth noting that September is historically a month when the stock market does not perform extremely well.
In ‘The Stock Traders Almanac’, data shows that since 1950, the Dow Jones Industrial Average (DJIA) has on average, declined by around 0.8% in September, with a similar story occurring in the S&P 500. This is known as the ‘September Effect’. And while no one can pinpoint one cause, many say the changing of the seasons mark a paradigm shift in the market, and that many traders cash out their portfolios at the end of Summer.
Regardless, if we use this data, we see that October could have more in store for those who trade penny stocks and blue chips. Of course, it’s important to remember that penny stocks trade highly off of speculation. Because of this, any event no matter how big or small can affect penny stocks.
For this reason, investors should stay as up-to-date as they can on news related to penny stocks on their watchlists or industries at large. While 2021 has been a difficult year for trading stocks to say the least, the hopes are that October can present a clean slate to work off of. Considering all of this, let’s take a look at three penny stocks to add to your end of September watchlist.
3 Penny Stocks to Watch in October 2021
DarkPulse Inc. (OTC: DPLS)
DarkPulse Inc. is a tech penny stock that increased by 9.7% in the market on September 23rd. If you’re not familiar, Darkpulse is a company that creates installation, engineering, and security management solutions. These solutions are then sold to various industries and governments around the world. It’s BOTDA dark-pulse sense technology allows a data stream of critical metrics to assess the health and security of the infrastructure. This is its flagship product, and what the company is known for right now.
Recently, the company announced that its subsidiary Optilan, has attained compliance with the International Organization for Standardization 9001:2015 and 14001:2015 requirements and earned re-certification through November 2023. The company also successfully transitioned over to ISO 45001:2018 Occupational Health and Safety Management for the same time period. This continues the company’s goal of improving its overall sustainability.
“I am delighted we have renewed our certifications with ISO. This allows us to not only demonstrate how robust our business practices are, but also reassures our clients when working with us we have all the controls in place to ensure high quality.”Optilan’s HSEQ Director, Tony Alexander
On the day of this announcement, shares of DPLS stock understandably climbed in value. Keeping this in mind, will DPLS make your penny stock watchlist next month?
Gran Tierra Energy Inc. (NYSE: GTE)
Gran Tierra Energy Inc. is a penny stock that we have discussed several times over the past month or so. During that time, shares of GTE stock have shot up by over 30% which is quite substantial. This brings its YTD and one-year gain to over 77% and 155% respectively. For some context, Gran Tierra explores for and produces energy at various oil and gas properties. These properties are all located in South America, specifically in Colombia and Ecuador. As of December 31st, 2020, the company had total proved undeveloped reserves of 26.2 million barrels of oil equivalent.
Last month, the oil and gas producer reported its second-quarter results for 2021. Gran Tierra achieved an average total production of 23,035 BOPD, which was a 14% increase year over year. Because of this, the company has reaffirmed its same full-year production guidance. Gran Tierra’s credit facility balance has been paid down to $175 million as well. Previously, protests and blockades hurt many key transportation routes needed by the company. Now that these blockades have ended, Gran Tierra’s operations can continue in full effect.
“Despite the challenges with blockades during the Quarter, we are very pleased that we have now safely and diligently ramped operations back up throughout our Colombia portfolio. Although the blockades temporarily impacted Gran Tierra’s production volumes, the stronger Brent oil price environment more than offset the effect of lower production volumes, as demonstrated by our higher oil sales and EBITDA figures.”President and CEO of Gran Tierra, Gary Guidry
In the last month since these results came out, GTE stock increased in value. On September 23rd, the company’s stock price and volume increased in the market. Considering all of this, is GTE stock making your watchlist in October?
1847 Goedeker Inc. (NYSE: GOED)
1847 Goedeker Inc. is a penny stock we mentioned earlier this week, as it has been climbing in the market substantially in recent trading sessions. This company operates an e-commerce platform that sells a large variety of products. The products sold by 1847 Goedeker include televisions, fitness equipment, appliances, and furniture among many others. Additionally, Goedeker provides installation and removal services for its products.
On September 21st, the company issued a letter to stockholders that talks about its leadership team’s vision and strategy. There is a lot in this letter that potential investors should take a look at. 1847 Goedeker stated that it wants to ensure expansive product selection, prioritize competitive pricing, provide fast and reliable shipping, and much more. Other goals for the company include strengthening its customer services and initiating a rebrand that would combine its Appliances Connection and Goedeker brands.
“Although we guided significant revenue growth for fiscal year 2021 in our August 12th earnings release, our opportunity is long-term in nature. I firmly believe that executing on the aforementioned initiatives in the coming quarters will give us the opportunity to grow sustainably and profitably for years to come.”CEO of 1847 Goedeker, Albert Fouerti
Two days after this letter came out, GOED stock climbed by around 11.8% in the market, with higher than average volume. So will GOED make your list of penny stocks to watch this month?
Which Penny Stocks Are You Watching Next Month?
Making a list of penny stocks to watch next month can be challenging. But, with such a wide variety of stocks to choose from, making money with penny stocks can be done.
One of the best ways to ensure potential success is to do all of the research that you can and figure out a trading strategy that works for you. This should be individual, and align with your tolerance for risk and your trading goals. So, with all of that in mind, which penny stocks are you going to watch next month?