best penny stocks buy now

Are These 3 Penny Stocks on Your November Watchlist?

If you’re making a penny stocks watchlist for November, there are a few things to keep in mind. Right now, there is a sizable amount of bullish momentum with both penny stocks and blue chips. This is the result of Covid cases slowing down, meme stock mania, and the sheer number of factors that are positively impacting the stock market right now. 

As a result, there are plenty of opportunities to make money with penny stocks in 2021. To do so, investors need to take a few steps. The first step is identifying what type of trader you are. This is usually broken down into those that trade either in the short or long-term time frames. Understanding which you are will help to guide your watchlist in the right direction. 

[Read More] 4 Penny Stocks To Watch That Are Exploding Today

The next step to take is to compile all the stocks you’re interested in and learn as much as you can about them. This is a step that many investors forget to take, and it can mean the difference between profits and losses. 

While most stocks and penny stocks, in particular, trade more off of speculation than fundamentals, the two can work hand in hand. And because of this, it’s important to consider the speculative factors that are impacting a company alongside its fundamentals. All of this information is widely available online, and as a result, there’s no reason that investors should skip this step. 

So, while this is not nearly a complete list of how to buy penny stocks, it should help to put you in the right direction. With that in mind, let’s take a look at three penny stocks to watch to start November strong. 

3 Penny Stocks to Add to Your November Watchlist 

  1. Color Star Technology Co. Ltd. (NASDAQ: CSCW)
  2. RISE Education Cayman Ltd. (NASDAQ: REDU
  3. Exela Technologies Inc. (NASDAQ: XELA

Color Star Technology Co. Ltd. (NASDAQ: CSCW)

Color Star Technology Co. Ltd. is a communications penny stock that we have discussed frequently in the past several months. If you’re unfamiliar, CSCW is a communications company that has climbed in the double-digit percentage points in just the last five days. Color Star offers music education services throughout the United States and China. The company’s Color World platform provides music, sports content, animation, film, and much more for children. It also offers celebrity lectures, concert videos, and artist interactive communication.

On October 12th, Color Star announced a collaborative event with musicians, music producers, and screenwriters to create a “virtual world” live musical. The theme of the musical led by Color Star is “Dream”. This event will bring in renowned artists to make a situational musical as a traditional theater-style performance. All of the background and fixed props were independently created in the form of non-fungible tokens (NFT). Because NFT’s are so popular right now, investors continue to search for the next big opportunity that relates to them.

“We are committed to creating new art forms and combining these artistic works with the use of technology. The innovative, situational musical, “Dream”, which we created this time, will be a bold attempt and breakthrough for us.”

CEO of Color Star, Mr. Basil Wilson

On October 22nd, CSCW stock’s volume was over 33 million compared to an average of about 3.2 million. Its stock price also increased by more than 14% on the same day. This is a clear indicator that CSCW stock is very popular right now. Considering all of this solid momentum for Color Star, does it deserve a spot on your penny stocks watchlist

Penny_Stocks_to_Watch_Color_Star_Technology_Co_Ltd_CSCW_Stock_Chart

RISE Education Cayman Ltd. (NASDAQ: REDU) 

One of the biggest gainers of the day so far is RISE Education Cayman Ltd. By EOD, shares of REDU stock had shot up by over 85%, bringing its five-day gain to more than 125%. This is a major gain, and one that reflects both the bullish sentiment in the market right now and the company itself. Because there is no company-specific news causing this gain, we have to take a closer look at RISE to deduce why shares shot up so much during today’s trading. 

[Read More] 5 Top Penny Stocks To Watch Under $1 Trending Right Now

For starters, RISE Education is an education service provider utilizing the OMO or online-merge-offline teaching model. The company focuses on younger students in the age range of three to eight. With this, it offers products such as its WhySTEAM and RISE Study Tour. The latest update from the company came at the end of August. It announced that it had shifted its management following the resignation of the former CFO of the company. 

More recently, news came out regarding the company that it needed to bring its price up or else it would face potential delisting from the NASDAQ. However, with today’s gain, shares are well above the $1 minimum bid price compliance threshold. So, while REDU stock is highly volatile, investors do seem to be interested in the company. Whether this makes it worth adding to your list of penny stocks to watch or not is up to you. 

Penny_Stocks_to_Watch_RISE

Exela Technologies Inc. (NASDAQ: XELA) 

Another major gainer of the day today is Exela Technologies Inc., pushing up by over 50% by EOD. This brings XELA stock’s YTD gain to over 90%, which is no small feat. Today, we saw several major tech companies push up alongside Tesla Inc.’s (NASDAQ: TSLA) 12% move. This also comes as several major FAANG stocks are set to report balance sheets as the week goes on. In addition to this, Exela announced today news surrounding its DMR or digital mailroom solution. 

“The ever-evolving hybrid work environment has been a catalyst to our DMR solution and demand continues to rise across both enterprise and SMB customers. DMR’s comprehensive feature set enabled us to sign one of the most recognizable logos on the globe.” 

The President of Exela, Suresh Yannamani

This is big news for the company and is likely a major reason why shares of XELA stock pushed up during trading. If you’re not familiar, Exela is a BPA or business process automation leader working to provide its tech to companies around the world. This includes several major Fortune 100 businesses that are on its roster of over 4,000 customers. Considering its role as a leading tech company, XELA stock could be worth keeping an eye on moving forward. 

Penny_Stocks_to_Watch_Exela

Which Penny Stocks Are You Watching Right Now?

If you’re making a list of the best penny stocks to buy in 2021, there are plenty of options. As a result of the major bullish sentiment we’re seeing in the market, many investors are excited about the future.

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This excitement is illustrated by the major double-digit gains we witnessed today and the recent upward trajectory of the market. With all of this in mind, which penny stocks are you watching right now?


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