3 Penny Stocks to Add to Your Mid-December List
If you’re making a penny stocks watchlist in December 2021, there are quite a few things to keep in mind. For one, both penny stocks and blue chips are extremely volatile right now. This is the result of the range of factors that are impacting the stock market. Those include high inflation, the Omicron variant, and geopolitical upsets. While volatility may seem scary at first, most investors tend to use this momentum to make money with penny stocks.
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The best way to do so is to have both a thorough amount of research by your side, and a well thought out trading strategy. The combination of these assets will help to give you the greatest chance of profitability. Considering all of this, let’s take a look at three penny stocks to watch in December 2021.
3 Penny Stocks For Your Watchlist in December
- Clover Health Investments Corp. (NASDAQ: CLOV)
- Gaotu Techedu Inc. (NYSE: GOTU)
- Camber Energy Inc. (NYSE: CEI)
Clover Health Investments Corp. (NASDAQ: CLOV)
Clover Health Investments Corp. is a penny stock that has pushed up by over 3% in the past five days. While this doesn’t signal a full bullish turnaround from its 58% loss throughout the past twelve months, it could indicate some positivity for CLOV stock. If you’re not familiar, Clover is a company that provides patient care in a sustainable manner by focusing on improving medical outcomes while minimizing avoidable expenditures. Clover’s goal is to make care more accessible while giving the patients the choice of doctors.
On November 10th, the company announced that it has strengthened its presence across Georgia with new medicare advantage network contracts. This has increased the depth of its provider network in the state, adding dozens of hospitals, health systems, and key provider partners. The contracts in question align roughly 5,000 new primary care physicians and specialists with Clover’s Medicare Advantage PPO network.
“With our wide network we strive to empower members to see the physician they choose and trust, whereas HMOs tend to dictate that choice through narrow networks.
It’s essential as an insurer to foster the trusting relationships seniors already have in place with their doctors, because we believe it encourages them to engage more regularly with the healthcare system and that it can ultimately lead to improved health outcomes”.
President and CEO of Clover, Andrew Toy
Amid new positive developments, will CLOV stock be on your December penny stocks watchlist?
Gaotu Techedu Inc. (NYSE: GOTU)
Gaotu Techedu Inc. is a Chinese educational stock that shot up by a very solid 11% by EOD on December 8th. For some context, Gaotu provides K-12 after-school tutoring services throughout China. Some of the subjects that it offers tutoring in, include Math, English, chemistry, biology, Chinese, and others. In addition, Gaotu provides foreign language classes, professional courses, English test prep, and qualification tests.
On November 15th, the company announced a new business update that is important for investors to consider. Gaotu has declared that it will no longer provide tutoring services to pupils in grades K-9 by the end of 2021. This is due to new laws implemented by the Chinese government. Outside of this, the company’s other operations will continue.
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Despite this negative recent info, GOTU stock has seen bullish momentum in the last few days. The legislation put in place by the Chinese government is not ideal for Gaotu, however, the company is working hard to find a new viable business plan. This is a similar scenario that several other Chinese education stocks are in right now as the legislation effectively bans for profit tutoring in China.
The good news is that the bulk of losses from this legislation occurred a few months ago when it was announced. And, it resulted in shares of GOTU stock dropping significantly in a short time frame. So, whether GOTU stock has value at its current levels or not could be worth looking into. With that in mind, will GOTU be on your list of penny stocks to watch for the remainder of this year?
Camber Energy Inc. (NYSE: CEI)
Camber Energy Inc. is an oil and gas penny stock that we have discussed frequently over the past few months due to its popularity and trending nature. And in the last six months, shares of CEI stock have shot up by over 63%. While it isn’t near its September high of over $3.80 per share at its current price of $1.16, it is still up by almost 20% for the year. If you’re not familiar with Camber Energy, it develops and sells crude oil, natural gas, and natural gas liquids. As of March 31st, 2020, the company’s total estimated proven reserves were 133,442 barrels of oil equivalent.
On December 2nd, Camber’s majority-owned subsidiary Viking Energy Group Inc. signed a Membership Interest Purchase Agreement. This arrangement calls for the acquisition of a 100 percent stake in a collection of companies working on a processing factory in Reno, Nevada. The collection of companies are building, engineering, developing, and working on putting the facility into commercial use. While it is still very early on, there’s no doubt that this is an exciting prospect for Camber and its investors.
Once operational, the plant’s production capacity is projected to be roughly 43 million gallons per year. This factory will be used to produce renewable diesel, a biofuel that is chemically identical to petroleum diesel fuel. On December 8th, CEI stock increased over 4.5% by EOD. This is a substantial gain and one that has once again brought CEI stock into the spotlight. Considering all of this, will CEI stock be on your watchlist this month as a result of this recent advancement?
Which Penny Stocks Are on Your Watchlist Right Now?
If you’re looking for the best penny stocks to buy, there are hundreds of options to choose from. Although it can seem difficult at first to make a penny stocks watchlist, having information by your side will make it much easier.
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In 2021, the best way to have a high chance of profitability is to understand exactly what makes penny stocks move. With that in mind, which penny stocks are on your watchlist right now?
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