3 Top Penny Stocks to Add to Your July Watchlist
If you’re looking for the best penny stocks to buy right now, there is a lot to consider. With the stock market showing an extreme amount of volatility, there are many factors that investors need to understand. In the past few days, we have witnessed mostly bearish sentiment across the board.
And because of this, now is a crucial time to figure out exactly what your trading strategy is and how to use that as an advantage. In the past few months, the largest movers and shakers in the industry have been the result of rising inflation and subsequently, climbing interest rates.
Because of that, many investors have also lost confidence in the future of the stock market and the U.S. economy. This has caused some major bearish movement as we all have likely seen in the past few weeks. Considering this, let’s take a look at three top penny stocks to add to your watchlist in July 2022.
3 Penny Stocks to Watch in July 2022
- Faraday Future Intelligent Electric Inc. (NASDAQ: FFIE)
- Tuniu Corp. (NASDAQ: TOUR)
- HTG Molecular Diagnostics Inc. (NASDAQ: HTGM)
Faraday Future Intelligent Electric Inc. (NASDAQ: FFIE)
One of the largest gainers of the day on July 1st is FFIE stock. At EOD, shares of FFIE stock managed to shoot up by over 25%. This is a sizable gain for the company and adds to its five day uptick of over 35%. The most recent news from the company came on June 6th when it announced its participation in the Deutsche Bank Global Auto Industry Conference. If you’re not familiar, Faraday Future is a luxury EV company.
As a result of the popularity of electric vehicles recently, the company has received greatly increased attention. While it is tough to say if FFIE stock is worth buying, there is no doubting the bullish sentiment that investors are showing for Faraday. Aside from this, there has not been any other news relating to FFIE stock. So, with all of this in mind, do you think that FFIE stock is worth adding to your list of penny stocks to buy or not?
Tuniu Corp. (NASDAQ: TOUR)
Another major gain on July 1st is TOUR stock. At EOD, shares of TOUR stock managed to shoot up by over 13%. This big gain adds to its explosive uptick of over 150% in the past five days. The main reason behind TOUR stock gaining as of late comes as China loosened quarantine requirements.
As a travel company, Tuniu is at the mercy of regulations put in place by the Chinese government. And as of late, these regulations have been extremely strict. So, with the loosening of these now that Covid cases are on the decline, there is a lot that investors are hopeful about.
One thing to keep in mind is that TOUR stock is incredibly volatile. This means that it is likely to continue fluctuating greatly in that time. And as a result, investors need to be sure to stay on their toes to avoid losing money. Considering this, does TOUR stock deserve a spot on your list of penny stocks to buy in July?
HTG Molecular Diagnostics Inc. (NASDAQ: HTGM)
With over 4.5% in gains on July 1st, HTGM is a penny stock that investors have been keeping a close eye on. And, during its five day gain of over 100%, we have covered HTGM stock on numerous occasions. The most recent news from HTG Molecular came on June 29th when it announced the clinical applications of its HTG Transcriptome Panel for bladder cancer.
The CEO of HTG, John Lubniewski, “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.”
This was a big announcement for the company when it came out and continues to be the main reason behind its recent uptick. And, with the rise in bullish sentiment for biotech penny stocks, it’s clear that HTGM could be worth adding to your penny stocks watchlist.
Which Penny Stocks Are You Watching Right Now?
If you’re looking for the best penny stocks to buy in 2022, there is a lot to choose from. But, just because there are plenty of options, does not mean that they are all worth buying.
Rather, investors need to have a full understanding of exactly what is going on in the stock market and how to take advantage. While it may seem complicated, finding penny stocks to buy can be much easier than previously imagined. Considering this, which penny stocks are you watching right now?