3 Penny Stocks to Add to Your End of 2021 List
As we continue to move toward the end of 2021, there are plenty of penny stocks showing opportunity. While it may be difficult to weed out the winners from the losers at first, with the right research, making money with penny stocks can be accomplished.
The best first step is to understand how to trade penny stocks. This is a time-consuming process that should result in traders having a well-thought-out trading strategy. The next step is to understand what factors are impacting the stock market and how to take advantage. Right now, this includes the Omicron variant, Fed policies, inflation, and more.
While this is not a finite list, it should help to put you on the right track. All of these factors are also adding up to make the stock market more volatile than it has been in many years. While volatility may seem scary at first, it is usually a desired trait among those who trade penny stocks. So, with all of this in mind, let’s take a look at three penny stocks that could be worth adding to your year-end watchlist.
3 Penny Stocks to Watch As 2021 Comes to an End
- Federal National Mortgage Association (OTC: FNMA)
- Powerbridge Technologies Co. Ltd. (NASDAQ: PBTS)
- Electrameccanica Vehicles Corp. (NASDAQ: SOLO)
Federal National Mortgage Association (OTC: FNMA)
The Federal National Mortgage Association is a company that securitizes lender-originating mortgage loans into Fannie Mae mortgage-backed securities. If you’re not familiar, the firm primarily provides single-family and multi-family mortgage loans or securities. FNMA also offers credit risk and loss management services. Credit unions, banks, insurance firms, and other organizations use its services and it is a mainstay in the U.S. housing market. While the price of real estate has skyrocketed in the past two years, we have also seen major inflation play a role, resulting in above-market value housing. Because of this, investors are both interested in and weary of FNMA stock right now.
On November 22nd, the company priced its $640 million social multifamily DUS REMIC. This was made possible under Fannie Mae’s Guaranteed Multifamily Structures program. For some context, this is Fannie Mae GeMS’s eighth issuance so far this year. The company’s current mission is to assist in providing affordable and worker housing across the country.
“As we head into the holiday this week, we are thankful for our investor community who, despite a crowded quarter of competing issuances and increased pressure on spreads, was able to come out in support of the over 4,200 units of restricted affordable housing and 2,000 affordable manufactured housing community pads backing this deal.”Senior Vice President of Multifamily Capital Markets & Pricing at Fannie Mae, Dan Dresser
With bullish momentum in the last few trading days, will FNMA be on your penny stocks watchlist before the year comes to a close?
Powerbridge Technologies Co. Ltd. (NASDAQ: PBTS)
Powerbridge Technologies Co. Ltd. is a technology firm that develops software programs and offers technological solutions. Its services, which include Trade Enterprise, Trade Compliance, Powerbridge System Solutions, and others, are predominantly offered in China. Powerbridge’s Blockchain-as-a-Service solution has solidified the company’s entrance into the blockchain ecosystem. Because blockchain is so popular right now, PBTS stock has received a lot of attention in the past year. And despite large pullbacks with popular cryptocurrencies like Bitcoin, investors remain bullish on the long-term future of crypto as a whole.
On October 8th, the corporation announced the creation of crypto mining fleets for Bitcoin and Ethereum. Powercrypto Holdings, a subsidiary of Powerbridge, will complete the fleet establishment. The company plans to install 2600 high-performance mining machines in Hong Kong and overseas.
“We are very excited about our launch and positioning as a global presence in the cryptocurrency mining business. We expect our high-performance environmental-friendly crypto-mining fleets to significantly accelerate our revenue.”The President of Powerbridge Technologies, Stewart Lor
Despite bearish momentum throughout the past year, it looks like we’re witnessing a small bullish turnaround with PBTS stock right now. With this in mind, will PBTS be on your list of penny stocks to watch?
Electrameccanica Vehicles Corp. (NASDAQ: SOLO)
Electrameccanica Vehicles Corp. is as its name may suggest, an electric vehicle company, working on the production of various cars. Currently, the company is developing the Tofino, which is an all-electric two-seater electric vehicle. It is also developing another electric vehicle called the SOLO, which is a single-seater car aimed at the short-distance commute market. Its single-driver SOLO vehicles have recently started arriving to customers who placed orders months ago. Electrameccanica also has various displays in shopping centers around North America showing its SOLO vehicle.
On December 6th, the company announced that 42 of its SOLO EVs have been delivered to reservation and fleet holders. The company also recently presented at the Sequire Clean Tech & EV Conference. This virtual conference took place on December 6th, and SOLO stock has increased in popularity since then.
“Electrameccanica continues to execute, delivering 42 SOLO EV vehicles as of November 30th. The excitement surrounding our flagship SOLO EV continues to gain momentum, further evident in the overwhelming number of visitors and test drive participants during the recent Los Angeles Auto Show.”The CEO of Electrameccanica, Kevin Pavlov
While SOLO stock has not increased YTD like some other EV stocks, it has shown positive performance at many points throughout 2021. And, it appears as though many investors are willing to play the long game when it comes to EV penny stocks. Considering all of this, will SOLO be on your penny stock watchlist before the year comes to a close?
Which Penny Stocks Are on Your Watchlist?
While 2021 has in no way been a banner year for stability, there are plenty of opportunities to make money with penny stocks. With the right information by your side and a commitment to having a proper trading strategy, there are plenty of ways to benefit from the current market volatility.
[Read More] 5 Penny Stocks To Buy For Under $5 This Week
If we consider that movement is a desired factor for trading penny stocks, then there is a lot to take advantage of. With all of that in mind, which penny stocks are on your watchlist right now?
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