3 Penny Stocks to Add to Your Watchlist Right Now
After another highly volatile day of trading, there is a lot for penny stocks investors to look forward to. But, to understand how to make money with penny stocks, traders need to understand exactly what is going on in the stock market.
And right now, there is a lot to consider. First and foremost, we have the current war going on between Russia and Ukraine. This has caused major panic in the market over the past few weeks, and continues to do so. As a result, we’ve seen energy penny stocks climb, and many others fall.
But, there are several implications for the stock market as it pertains to this ongoing conflict. And, it also appears as though there is no end in sight right now. While there are some days of bullish trading for the whole of the stock market, others are completely bearish. But, knowing exactly what factors are at play and how they will impact the stock market is paramount to success.
In addition to the crisis going on in Ukraine, we also have to look at rising interest rates. While it was rumored that a rate hike would occur in March, it appears as though this may not be the case considering the conflict at play. So, with all of this in mind, let’s take a look at three penny stocks to watch tomorrow.
3 Penny Stocks to Watch During Tomorrow’s Session
- Color Star Technology Co. Ltd. (NASDAQ: CSCW)
- Farmmi Inc. (NASDAQ: FAMI)
- Camber Energy Inc. (NYSE: CEI)
Color Star Technology Co. Ltd. (NASDAQ: CSCW)
One of the bigger gainers of the day so far is CSCW stock. At EOD, shares of CSCW shot up by over 6.9%. This is a sizable gain and reflects a five day gain of more than 21%. So, why is there so much bullish sentiment with CSCW stock right now? Well, only a day ago, the company stated that it has partnered with France’s Galtiscopo Gatti.
In the deal, Color Star will work with the company to provide brand marketing and help achieving new market opportunities. As the French brand becomes more popular, the company states that it wishes to move into the 21st century by offering customers the ability to view products in virtual stores and in 3D.
“French brand Galtiscopio Gatti has already established itself as a luxury brand with a respectable level of influence and fans’ base; this is also good publicity for Color World.
At the same time, we will begin exploring ways of carrying out in-depth cooperation in regard to digital marketing, including digital products, etc. Ultimately, online sales and offline sales will combine into one, allowing us then to set our sights on the international market.”The CEO of Color Star Technology, Lucas Capetian
This is all great news for the company and Color Star alike. And, it should help to show other businesses what Color Star has to offer moving forward. While CSCW stock is highly volatile, it is also a company with a lot to offer. Considering that, will CSCW be on your list of penny stocks to watch?
Farmmi Inc. (NASDAQ: FAMI)
Another big gainer of the day and a company that we have covered numerous times in the past few weeks is FAMI stock. By EOD, shares of FAMI had climbed by more than 2.2%, which is quite substantial as an add on to its five day gain of over 24%. This bullish move is the result of several large announcements from Farmmi recently. On one hand, the company announced the closing of a $6 million private placement at market close on March 2nd. Prior to this, it stated that it has won a U.S. product order for export of dried Shiitake mushrooms to New York.
“This is another nice win for our sales team, as we leverage our brand and supply chain to capture additional growth opportunities in key markets worldwide.
The U.S. represents an important market, where consumers have been willing to incorporate fungi into their diets and lifestyles. We see more room to run in the U.S. and our other key markets, as we work to strategically increase the volume and size of the orders we are fulfilling.”The Chairwoman and CEO of Farmmi, Ms. Yefang Zhang
Right now, the company’s main goal is continue growing its distribution channels. And with this latest order, that seems to be the reality for Farmmi right now. With all of this in mind, will FAMI be on your penny stocks watchlist this coming week?
Camber Energy Inc. (NYSE: CEI)
Camber Energy is a penny stock that we have covered numerous times in the past few weeks. And today, shares of CEI stock jumped by around 2% at EOD. This brings its one month gain to more than 15%, which is substantial considering losses sustained by the company in the weeks prior. Before we get into why CEI stock is climbing right now, it’s worth looking into recent updates.
It’s important to consider that CEI is also highly volatile as it is often mentioned on Reddit. This means that it is likely to see shares of CEI stock climb or fall substantially in any given trading day.
The most recent news from Camber Energy came a few weeks ago when it announced that several of top leadership of its subsidiary, Viking Energy, were recognized as industry leaders. This was and is big news and shows the commitment that Viking and subsequently Camber are making for growth. Whether this makes CEI stock worth buying or not is up to you.
Which Penny Stocks Are On Your Watchlist Right Now?
Finding the best penny stocks to buy can be challenging. But, with such a wide variety of penny stocks out there, it can be much easier than previously imagined. As we continue to see an extremely volatile stock market unfold in front of us, there is a lot for investors to consider.
But, with a strong trading strategy and a commitment to learning all that is going on, making money with penny stocks can be entirely possible. With that in mind, which penny stocks are on your watchlist right now?