3 Best Penny Stocks to Watch in July
With another flat day of trading for penny stocks and blue chips, there is a lot for traders to know right now. Of course, one of the main concerns in the stock market is inflation. While this has been a major issue in the past few months, its effects have been peaking as of late. This means that we have seen an incredibly high amount of volatility, with mostly bearish sentiment across the board.
Despite last week’s positive trading patterns, this week, we have seen that mostly reverse. As a result, investors need to stay on their toes and understand exactly what is going on in the stock market. This means finding out all you can about the penny stocks on your list and the market as a whole.
Because penny stocks are so speculative, they tend to move much more frequently and in larger amounts than blue chips. So, keeping all of this in mind, let’s take a look at three penny stocks to add to your July watchlist.
3 Penny Stocks to Add to Your July Watchlist
- HTG Molecular Diagnostics Inc. (NASDAQ: HTGM)
- Blue Hat Interactive Entertainment Tech (NASDAQ: BHAT)
- Tuniu Corp. (NASDAQ: TOUR)
HTG Molecular Diagnostics Inc. (NASDAQ: HTGM)
One of the largest gainers of the day on June 29th is HTGM stock. At midday, shares of HTGM stock had shot up by a staggering 45% to over $1.22 per share. And if that’s not enough, in the past five day period, HTGM stock has exploded by more than 125%. During that time, we have covered it on several occasions. And to understand why shares of HTGM stock are climbing right now, we have to take a closer look at recent news.
The main update from the company came today when it announced a publication that highlighted the potential clinical applications of its HTG Transcriptome panel. The article which was published in ‘Frontiers in Medicine’ showed how the panel is able to work on those who are not identified by routine tissue staining for bladder cancer.
“We are proud of the scientific progress that is being enabled by researchers using our cutting edge technology, such as the team at University Hospital Frankfurt.
I believe the growing number of customer publications and presentations made by researchers who have experienced the unique utility of our HTP reflect the transformational impact that this product can have both in oncology and in other areas of scientific research and innovation.”The CEO of HTG, John Lubniewski
Blue Hat Interactive Entertainment Tech (NASDAQ: BHAT)
Another penny stock that we have covered numerous times recently is BHAT stock. And on June 29th, we saw shares of BHAT stock shoot up by over 14%. In the past five day period, BHAT has exploded by more than 125%, which is one of the reasons that it has continued to be extremely popular. And because of that, many are wondering, why is BHAT stock climbing right now?
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One of the largest reasons that BHAT stock has been climbing its due to the recent termination of its proposed shelf takedown offering. The company stated that it will not proceed with this previously announced underwritten public offering, which was a big positive for investors when it came out last week.
For some context, Blue Hat is a provider of AR interactive entertainment games and toys in China. This includes a large range of educational materials, games, toys, and much more. With the education industry in China seeing major attention recently, BHAT could be worth adding to your penny stocks watchlist.
Tuniu Corp. (NASDAQ: TOUR)
With over 9.4% in gains by EOD on June 29th, TOUR is another penny stock that investors are watching right now. In the past five days, TOUR stock has exploded by over 60%, which is one of the reasons why it is so popular as June ends. And since covering it on June 28th, we have continued to see this sizable bullish sentiment.
The main reason behind its uptick comes as China recently began no longer enforcing the same quarantine rules it did a few weeks ago. This means that travelers and locals are much more free to move around the nation than they were recently.
As a result, we have seen travel stocks continue to push up in the past few days. This includes TOUR, which was badly beaten after China implemented it’s ‘Zero Covid’ policy earlier this year. And since then, many travel companies have worked to regain a footing in the market. So, while China’s travel industry is in no way back in full force, it looks like TOUR could be worth keeping a close eye on moving forward.
Which Penny Stocks Are You Watching Right Now?
If you’re looking for the best penny stocks to buy, there are hundreds of options to choose from. In 2022, we also have a variety of factors that are impacting the stock market. These must all be considered before making a penny stocks watchlist.
Although investing is not easy, it can be profitable if done correctly. And with the right research and information on hand, anyone can be as good of an investor as the pros. Considering this, which penny stocks are you watching right now?