3 Hot Penny Stocks to Add to Your April 2022 Watchlist
There are a number of ways to find penny stocks to buy, and the best method depends on your investment goals and strategy. If you’re looking for long-term growth, you might want to focus on penny stocks with strong fundamentals and solid management teams. If you’re interested in penny stocks that may make you money in the short term, you might want to look at trending/meme penny stocks or momentum stocks.
In addition, there are a wide variety of online resources that can help you find penny stocks to buy, including social media platforms like Twitter and Reddit. But, keep in mind that finding stocks online that are trending, can lead to an extremely volatile portfolio.
When looking for penny stocks to buy, be sure to do your research and only invest in companies that align with your strategy. Also, remember to diversify your portfolio so that you’re not putting all of your eggs in one basket. And finally, don’t forget to have a exit plan so that you know when to sell if things go south. If you’re short term or swing trading, this could be as simple as a stop loss. But, if you’re long term trading, you may want to have price targets and exit/entry points.
Because penny stocks are very speculative, it’s important to remember that you could lose all of your investment. So, only invest what you’re willing to lose. And, make sure that you know what news is going on and how it is affecting the penny stocks on your list. With that in mind, let’s take a look at three hot penny stocks that investors are watching in the second half of April.
3 Penny Stocks That Investors Are Watching Right Now
DiDi Global Inc. (NYSE: DIDI)
One of the bigger gainers of the day on April 13th was DIDI stock. At EOD, we saw shares of DiDi Global climb by more than 3%. While this may not seem like a substantial gain, it does add to the company’s one month uptick of more than 44%.
In the past six months, shares of DIDI stock have fallen by over 69%. This is a disappointing result for investors, however its recent moves have signaled a bullish turnaround. To understand why DIDI stock is climbing right now, we have to take a closer look at the company. The most recent announcements from the company concern its potential delisting from U.S. exchanges.
With Beijing posing a challenge to U.S. listed Chinese companies, many investors have been fearful about the future of DIDI stock and other similar companies. Recently however, these fears have eased for the most part, resulting in positive momentum for DIDI. So, while it is hard to say if DIDI stock is worth buying with its high volatility, it could be worth adding to your list of penny stocks to watch.
Arrival SA (NASDAQ: ARVL)
Another penny stock that investors are watching right now is Arrival SA. Arrival SA is a U.K. based provider of electric vehicles. With over 2.6% in gains today, ARVL stock is in focus. One of the main reasons for this comes as investors are more aware of renewable energy based stocks.
With the price of oil and gas rising significantly over the past few weeks, many investors have turned to green-focused companies. This includes those working in the EV industry and more. Recently, Arrival has been working on production of electric busses in the U.K., where the demand for these products is very high.
And although the company has halted electric bus production at its Rock Hill factory, many believe in the future of Arrival SA and its electric vehicles. Instead of working on growing its Rock Hill Factory, the company states that the high demand in the U.K. makes it more feasible to continue production domestically. So, with the large interest in EV penny stocks, will ARVL be on your watchlist or not?
Transocean Ltd. (NYSE: RIG)
Transocean is a penny stock that we have covered multiple times in the past few months. And today, shares of RIG stock managed to shoot up by more than 4% at EOD. In the past month and six month periods, RIG stock has pushed up by more than 9% and over 15%. This highlights the bullishness on the energy industry right now and fossil fuels in particular.
If you’re not familiar, Transocean is one of the largest offshore drilling contractors in the world. The company has operations in many countries around the world including the US, Norway, Scotland, India, and more. In its most recent announcement, the company stated that it would release its Q1 2022 earnings report on May 3rd. Earnings reports are always important for investors to consider as they present insight into how a company is doing. Considering that, does RIG deserve a spot on your list of penny stocks to buy this month?
Are Penny Stocks Worth Buying in April?
The answer to if penny stocks are worth buying, completely depends on what you’re looking for. For some people, penny stocks can be a great way to make a quick profit. However for others, they can be a very risky way to lose your entire investment.
If you’re thinking about buying penny stocks, it’s important to do your research and understand the risks and what your own investing style is. In addition, know your goals and what you’re looking for in an investment. Considering this, do you think that penny stocks are worth buying in April or not?