Are These Penny Stocks on Your Watchlist Right Now?
With October around the corner, which penny stocks are the top investors watching? Well, it may be difficult to say with certainty, but we can look at current industry trends to identify which industries at large could be of interest.
Some of which include biotech penny stocks, reopening penny stocks, energy penny stocks, and more. While this is not a complete list by any means, it should help to offer some inspiration for where the market could be headed. Right now, the most prominent factor on investors’ minds is Covid.
Although the pandemic has lessened in severity in some areas of the world, cases are still around. And as a result, some investors are choosing to trade with a higher degree of restraint; searching for potentially less volatile stocks to watch. Of course, it depends greatly on your own tolerance for risk and what your investing goals are.
However, for every investor, there are penny stocks that could be worth buying. In line with this, all traders should put in the time to do the research necessary for each stock on their list. This means understanding the company’s financials, it has going on in the future, and any speculative events that may have an impact. So, with all of that in mind, let’s take a look at three penny stocks that top investors are watching right now.
3 Penny Stocks to Watch Next Month
- BRF S.A. (NYSE: BRFS)
- Clovis Oncology Inc. (NASDAQ: CLVS)
- Harmony Gold Mining Company Limited (NYSE: HMY)
BRF S.A. (NYSE: BRFS)
BRF S.A. is a penny stock that has climbed by over 11% in the past five days and 45% in the past twelve months. If you’re not familiar, this company is in the food industry and produces a large variety of products. BRF raises, produces, and slaughters poultry and pork for processing, production, and sale. It sells chicken, turkey meat, hot dogs, bacon, salamis, ham, beef, and much more. The company also sells pre-made frozen food like pasta and pizza. Its products are sold under the Sadia, Chester, Qualy, Kidelli, and Perfix brand names among others.
Throughout the pandemic, groceries have remained top performers. And similarly, the companies that produce the food that lines the shelves, have also done quite well. So, well it isn’t necessarily a pure-play reopening penny stock, it is one of the largest food companies in the world.
A few months ago, BRF announced an investment of $54 million to modernize its facilities in Parana state through 2022. The company also recently pledged to cut its net carbon emissions to zero by 2040. BRF has now joined a group of its competitors with similar goals.
This is part of BRF’s plan to triple the size of the company by 2030, which will require investments of $10.04 billion. Chief Executive Lorival Luz said, “We know it is not going to be an easy trajectory. A goal of this magnitude demands participation of the entire supply chain.” With this in mind, will BRFS stock make your penny stocks watchlist in October?
Clovis Oncology Inc. (NASDAQ: CLVS)
Clovis Oncology Inc. is a biotech company that actively has agreements for licenses with Pfizer Inc. and AstraZeneca UK Limited. If you’re unfamiliar, Clovis is a company that acquires, develops, and commercializes anti-cancer products.
One of Clovis’ products is Rubraca which is for epithelial ovarian, fallopian tube or primary peritoneal cancer. The company’s anti-cancer products are dispensed through pharmacies and distributors to health care providers and patients. In the past five days, shares of CLVS stock have shot up by around 6%. This indicates a rather bullish turnaround for the company, as shares have not performed above expectations in the past few months.
At the end of August, the company announced the availability of and reimbursement for Rubraca tablets for women with relapsed ovarian cancer in Switzerland. Rubraca provided statistically notable improvement in progression-free survival versus placebo in all of the studied patients. Switzerland is the newest of the countries that offer Rubraca, some of the others being Germany, the United States, and Italy.
“There has been a significant need for additional treatment options for women with relapsed ovarian cancer, and we are proud that women who may benefit will have access to rucaparib. We remain committed to making rucaparib available to eligible patients in the US and Europe.”President and CEO of Clovis, Patrick J. Mahaffy
This could be one of the reasons that shares of CLVS stock have been increasing in recent trading sessions. Noting this, will CLVS stock be on your September watchlist?
Harmony Gold Mining Company Limited (NYSE: HMY)
Harmony Gold Mining Company Limited is a mining stock that we have discussed a handful of times in the past few months. As its name may suggest, Harmony is a company that explores for, extracts, and processes gold. All of the company’s operations take place in Papua New Guinea and South Africa. Harmony engages in various surface treatment operations as well. One of its main properties is the Witwatersrand Basin open-pit mine on the Kraaipan Greenstone Belt.
Last month Harmony released an operations update for the year ended June 30, 2021. The company had a large increase in revenue and earnings during this period. In total, Harmony’s revenue went up 45.2% year over year. Its reported translation gain on its U.S. dollar-denominated debt was higher year over year as well. Harmony’s net debt fell 52% year over year, which was great news for the company.
All of this shows that HMY is moving in a financially advantageous direction right now. And, it’s worth noting that HMY stock often moves with the price of gold itself in the market. This means that if you’re interested in HMY stock, it could be worth paying attention to the performance of gold itself. With all of this new info in mind, will you add HMY to your list of penny stocks to watch?
Which Penny Stocks Are on Your Watchlist Right Now?
Finding the best penny stocks for your watchlist can be challenging with so many options out there. But, if we consider what the market is doing, and how to take advantage of that, making money with penny stocks can be entirely possible.
So, if we look at all that’s going on in the world right now, making a decision about which penny stocks belong on your watch list is not easy. However, with the right research on hand, it can be much more doable than previously imagined.