3 Trending Penny Stocks to Watch This Coming Week
With another week coming to a close for penny stocks and blue chips, there is a lot for investors to keep track of. As a result of the high volatility in the stock market as of late, investors have worked tirelessly to make money with penny stocks. And, the best way to do so is by having a thorough understanding of exactly what is going on in the stock market.
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On Friday, July 8th, both penny stocks and blue chips benefited from the most recent jobs report. In the report for June, jobs beat expectations, which is a big deal for investors. As a result of this, we did see a bullish spike early in the day, however, July 8th ended mostly flat. So, keeping all of this in mind, let’s take a look at three trending penny stocks to watch right now.
3 Trending Penny Stocks to Add to Your Watchlist
- Ambev SA (NYSE: ABEV)
- Color Star Technology Co. Ltd. (NASDAQ: CSCW)
- G Medical Innovations Holdings Ltd. (NASDAQ: GMVD)
Ambev SA (NYSE: ABEV)
At EOD on July 8th, shares of ABEV stock managed to shoot up by over 1.9%. And, in the past five days, ABEV stock has climbed by over 8%, which is no small feat. While there is no company-specific news that is causing this gain, it’s clear that investors are showing bullish interest in the company. And, one of the main reasons for this is due to the industry that Ambev is in. As a provider of alcoholic and non-alcoholic beverages, Ambev is able to leverage both industry ups and downs.
And because of that, the company has benefited greatly during the past few years of economic turmoil and positivity. According to Statista, the global market share of alcoholic beverages is over $1.49 billion as of 2020. And, by 2025, the research group states that it could be worth more than $2.2 trillion. As a result of this, many investors are looking for companies like Ambev to take advantage of this potential growth. So, with all of this in mind, will ABEV be on your penny stocks watchlist or not?
Color Star Technology Co. Ltd. (NASDAQ: CSCW)
With over 9% in gains at EOD on Friday, Color Star is another penny stock that investors are watching right now. This is a sizable gain for the company and one that comes after a one month drop of over 17%. To understand why shares of CSCW stock are climbing and whether or not Color Star is worth buying, we have to take a closer look at any recent news. On June 30th, it announced that its partner team, Villarreal CF organized a youth training camp the U.S.
The company states that it is highly supportive of making soccer available to the youth, and therefore, it can benefit greatly from this partnership. If you’re not familiar, Color star is a company that works in entertainment and education.
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It offers online entertainment performances and more through its subsidiaries, Color China Entertainment Ltd. and CACM Group NY Inc. While CSCW has lost over 70% of its value in the past six months, some investors are viewing it as a value penny stock to watch right now. And with its trending nature in the last few days, it’s clear that CSCW could be worth an addition to your list of penny stocks to watch.
G Medical Innovations Holdings Ltd. (NASDAQ: GMVD)
One of the larger gainers of the day on Friday was GMVD stock. During trading and into after hours, shares off GMVD stock shot up by over 20% and more than 1.4% respectively. These sizable gains add to its five day and one month uptick of over 35% and more than 70%. Considering these explosive gains, why is GMVD stock climbing right now?
The most recent news from the company came on July 8th. On the 8th, it announced the receipt of a minimum bid notice from the NASDAQ. Since then, the company has seen some major bullish sentiment. Although it is strange as to why it would climb with this notice, it does happen on occasion. Much of the time, it is the result of investors working to push shares back above the $1 threshold. And, because this is its latest news, the company could be worth keeping an eye on if any new updates come out.
Which Penny Stocks Are You Watching Right Now?
Finding the best penny stocks to buy in 2022 is all about what you know. By understanding what is going on in the stock market and how to take advantage, investors can have a much easier time making money with penny stocks.
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Right now, the main factors at play with both penny stocks and blue chips include inflation and rising interest rates. And because of this, investors only expect volatility to continue climbing in the coming weeks and months. So, with all of this in mind, which penny stocks are you watching right now?
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