3 Penny Stocks For Your Watchlist This Coming Week
With a new week of trading penny stocks and blue chips comes new opportunities to learn and new chances to make (or lose) money. It is usually a good idea to take some time at the beginning of each week to review what happened in the market over the past week, and to set some goals for the coming week. This doesn’t have to be a long or difficult process; just a quick look at your game plan for trading penny stocks.
Now, if you’ve invested in the past few weeks, you’ve likely seen the detrimental effects of recent market momentum. And while this is not easy for any traders, there are some ways to utilize this to profit. Recently, a trend that has been beneficial for some penny stock traders is the increased volatility in the markets. This volatility has caused many stocks to fluctuate rapidly in price, which gives traders the opportunity to buy low and sell high.
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While some traders are looking for stability in an investment, others are more interested in short term movements. And, the latter lends itself heavily to penny stocks as they tend to move very rapidly.
So, while buying and selling penny stocks is not for the faint of heart, the hopes are that we can see some bullish sentiment return to the stock market. However, as we know all too well with penny stocks, anything can happen at any time. So be sure to always do your due diligence and never risk more than you can afford to lose. With that being said, here are a few penny stocks to watch this coming week.
3 Penny Stocks to Add to This Week’s Small-Caps Watchlist
Camber Energy Inc. (NYSE: CEI)
Camber Energy is a penny stock that investors have been watching for quite some time. And with some bullish momentum occurring in the last few trading days, CEI could be worth keeping an eye on. Now, before going any further, understand that Camber Energy is one of the more volatile penny stocks out there. This is the result of massive speculation that surrounds the company.
And after touching over $3.40 per share last year, CEI has fallen back down to around $0.60. This is a perfect example of just how speculative and volatile Camber Energy is. The most recent news from the company comes as the company is going to report its earnings by May 20th. If it doesn’t, it may be delisted from the NYSE. So, with this in mind, do you think CEI stock is worth adding to your list of penny stocks to watch or not?
Uranium Energy Corp. (NYSE: UEC)
While UEC stock has not benefitted heavily from the growth in the energy sector recently, its 50% MTD drop could signify some value. As a uranium penny stock, Uranium Energy Corp. is a major part of the clean energy initiative. And, many investors have been searching for the best clean energy penny stocks to buy recently.
In the past year, shares of UEC have climbed by over 14%, with shares touching above $6.50 back in April. Since then, we have seen UEC stock fall down to around $3.08 per share. While it’s tough to say if Uranium Energy can get back to the over $6 price range, it’s clear that there is enough positivity around the company to keep it relevant right now. With that considered, will UEC be on your penny stocks watchlist this coming week?
Vinco Ventures Inc. (NASDAQ: BBIG)
Vinco Ventures is a penny stock that we have covered multiple times in the past few months. And recently, we have seen some bullish sentiment with the company. Much of this has to do with its upcoming announcement that investors will receive one share of Cryptyde stock for every ten shares of BBIG that they own.
This is great news for investors, and is something that they have been waiting for, for quite some time. Vinco states that after the separation occurs, Cryptyde will trade under the symbol TYDE on the NASDAQ Capital Market. With this major prospect in mind, does BBIG deserve a spot on your list of penny stocks to buy right now?
Which Penny Stocks Are You Watching This Week?
Finding the best penny stocks to buy in 2022 can be challenging. And because there is so much going on in the stock market right now, investors need to be careful, and understand all of the risks. In May, some major issues include rising inflation, interest rates climbing, and geopolitical tension.
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All of this has created a very tense and bearish situation in the stock market. So, while this can be challenging, it can also present opportunities for some investors. With this in mind, which penny stocks are you watching this week?