3 Penny Stocks to Add to Your November Watchlist
After another interesting day of trading penny stocks and blue chips, investors continue to search for the best small caps to buy. Now, it can be complicated given the sheer number of factors that are impacting the stock market right now. But, with penny stocks, investors tend to look for market fluctuations. Typically, those who invest in penny stocks work to make short-term gains. This is known as swing trading, and is a method that can be done with all stocks.
However, due to the high volatility and low price, many investors choose to trade penny stocks with this method. The main way to make money with swing trading is by staying up to date with all the latest news and events in the stock market. Because small-caps tend to be more speculative than any other stocks, news and announcements will always have a major effect on price.
As a result, those who have the most information on hand, can have a better chance at making money with penny stocks. In 2021, factors such as inflation, the pandemic, and geopolitical tensions mean that the market is more volatile than ever. But, this volatility also offers plenty of opportunities to make money for investors of all types. With that in mind, let’s take a look at three penny stocks to watch in 2021.
3 Penny Stocks to Watch in November 2021
- Greenpro Capital Corp. (NASDAQ: GRNQ)
- Federal National Mortgage Association (OTC: FNMA)
- TAL Education Group (NYSE: TAL)
Greenpro Capital Corp. (NASDAQ: GRNQ)
Greenpro Capital Corp. is a financial consulting and corporate services company that works with companies in a variety of industries. Mainly, the company works with businesses in Hong Kong, Malaysia, and China. Tax planning, bookkeeping, transaction, and record management are among Greenpro’s available offerings. It also deals with the purchase and rental of real estate properties that are for investment or sale.
Greenpro announced on November 5th that Angkasa-X, a startup it incubated, is joining the SpaceTech ecosystem. In Malaysia, the company is establishing a SpaceTech ecosystem. The Malaysian Space Agency and the National ICT Association of Malaysia are anticipated to support this. According to SpaceTech’s September 2021 industry analytic research, the global SpaceTech sector is continually growing and is valued at $4.7 trillion in 2021.
“We will plan the Security Token Offering (STO) as an alternative fundraising strategy to finance the companies within the SpaceTech eco-system. We are confident in such an innovative fundraising mechanism as recently one of our STO projects (Brighsun New Energy) with world-record-holding energy innovation recognized by Guinness Book of Record and $2B+ independent valuation has been approved by CEZA to list on our CryptoSX Digital Asset Exchange.”CEO of Greenpro, Dr. Lee
In the last 30 days, GRNQ stocks have increased by 31%. This is a sizable gain and one that should be in mind if you’re interested in Greenpro. Based on this info, will GRNQ be on your penny stock watchlist?
Federal National Mortgage Association (OTC: FNMA)
Fannie Mae, also known as the Federal National Mortgage Association, securitizes mortgage loans provided by lenders into Fannie Mae’s mortgage-backed securities. There are two components to the Federal National Mortgage Association: single-family and multifamily. Mortgage banking, savings and loan companies, savings banks, commercial banks, credit unions, and other financial institutions are all served by the corporation.
On November 3rd, the company completed its first Credit Insurance Risk Transfer transaction of the year. This CIRT covers $31.7 billion in unpaid principal balance of generally 30-year original term, fixed-rate loans acquired earlier this year. This deal moved $1 billion in mortgage credit risk. Through the CIRT program, Fannie Mae has acquired about $13.9 billion of insurance coverage on $506 billion of single-family loans.
“We are pleased with the execution of CIRT 2021-1 and appreciate our partnership with the 20 insurers and reinsurers that wrote coverage for this deal”.VP of Credit Enhancement Strategy & Management, Rob Schaefer
In the last 30 days, FNMA stock has gone from $0.73 per share on average to about $1 per share on average. Noting this, will FNMA stock make your penny stocks watchlist this month?
TAL Education Group (NYSE: TAL)
TAL Education Group is a penny stock that just went up on November 10th. This company offers educational services in China. Primarily, TAL Education Group focuses on after-school tutoring services. It services tutoring to K-12 students that cover various academic subjects. The company’s courses include physics, chemistry, biology, math, geography, and English among many others. Some of TAL’s brands include Xueersi, Mobby, Firstleap, Shunshun Liuxue, and more.
On September 24th, the company announced that the board of directors appointed the current VP of Strategy, Dr. Alex Zhuangzhuang Peng as the CFO effective November 1st. The previous CFO, Dr. Rong Luo resigned from the position to pursue another opportunity. Dr. Peng has a lot of experience in corporate strategy and management, so the company expects this to be a positive change.
The Founder and CEO of TAL, Bangxin Zhang said, “We are confident that there will be a smooth transition as Alex will serve as the Company’s CFO with his valuable expertise and experiences and that the Company will be able to drive its business growth under the continued leadership of Alex.” With substantial movement in the past week or so, will TAL be on your list of penny stocks to watch?
Are These Penny Stocks on Your Watchlist?
Finding the best penny stocks to buy can be challenging. But, with so many different penny stocks to watch, it all comes down to understanding where the most value is. As a result of a volatile investing environment, many investors continue to search for penny stocks that could gain in the current state of the stock market.
[Read More] 3 ‘Must Watch’ Penny Stocks in Mid-November 2021
And to do so involves thoroughly understanding what and how certain factors are impacting penny stocks and blue chips. Considering the sizable movement that we are seeing right now, which penny stocks are you adding to your watchlist?