3 Hot Penny Stocks for Your July Watchlist
With so many penny stocks to choose from, it can be difficult to know where to start. While investing in penny stocks can be difficult, understanding the stock market is a great place to start. But, there are a few things you should know before you begin investing. For one, penny stocks are stocks that trade for less than $5 per share.
[Read More] Top Penny Stocks to Buy Now? 3 to Watch in July
They are typically volatile and can move significantly in value during the course of a trading day. For these reasons, it is important to do your research before investing in penny stocks. Additionally, it is important to understand what factors are at play and how to take advantage. The stock market is constantly changing, so it’s important to keep up with the latest news and trends.
Penny stocks can be a great way to make money, but they can also be an easy way to lose money. So, it is important to understand what you are doing before you invest. Right now, we continue to see a high rate of volatility with both penny stocks and blue chips. So, to avoid losing money, it is crucial to have a trading strategy and make sure that you use it. With this in mind, let’s take a look at three penny stocks to watch right now.
3 Penny Stocks to Add to Your Watchlist Right Now
Arrival SA (NASDAQ: ARVL)
During trading and after hours, shares of ARVL stock shot up by over 2.5% respectively. And in the past month, we’ve seen ARVL stock climb by more than 11%. After a six month drop of over 75%, this recent bullish sentiment is a welcomed advancement. The most recent news from the company came on July 13th, when it announced a business reorganization plan. This plan will offer a 30% reduction of Arrival’s global employees.
“Arrival continues to see a huge amount of interest in its products, and believes that its proposals are the right step at this time to ensure the long-term success of the business and enable it to service this demand in the face of a unique economic environment that is seeing both new players and traditional OEMs facing supply chain issues, an ongoing pandemic, geopolitical tensions and rising inflation.”A Company Announcement from Arrival SA
Recently, many company’s have worked to reduce costs associated with business as a potential recession is on the rise. With this in mind, will ARVL be on your penny stocks watchlist?
Missfresh Ltd. (NASDAQ: MF)
While MF stock only gained around 1% during trading on July 15th, during after hours, MF stock shot up by 5%, which is no small feat.
The most recent news from the company came on July 14th, when it announced a strategic partnership and an equity investment with Shanxi Donghui. The equity investment is worth RMB200 million, which should give it plenty of capital to continue operations.
“We are excited to welcome Shanxi Donghui as our strategic investor and distinguished partner. This partnership will help us advance our fresh food supply chain capabilities and provide a superior grocery shopping experience for consumers in China.
Furthermore, the investment is a meaningful source of capital to fund our business development. We look forward to working closely with Shanxi Donghui to cultivate high-quality agricultural brands and pursue excellence in supply chain management within the farming sector and a seamless experience for our customers.”The Founder and CEO of Missfresh
While this is the reason for its recent gain, it’s clear that the company could have a lot to offer. Whether this makes MF worth adding to your list of penny stocks to buy is up to you.
Express Inc. (NYSE: EXPR)
After shooting up by over 6% during trading, EXPR stock managed to climb by another 2.2% in after hours. In the past few months, we have covered EXPR stock numerous times due to its large market fluctuations. As a retailer with both a physical and online presence, EXPR has a large amount of exposure to the economic situation globally.
With a six month drop of over 44%, EXPR has not been a favorite among investors. However, its recent bullish movement makes it a popular choice among some right now. So, whether or not Express Inc. is worth adding to your list right now, is up to you and your trading strategy.
Which Penny Stocks Are You Watching Right Now?
Finding penny stocks to buy can be complicated. But, with so many penny stocks to choose from, there are ones for every type of investor. As a result, it all comes down to knowing your investing strategy and how to take advantage.
Penny stocks, or stocks that trade for less than $5 per share, are some of the most volatile investments on the stock market. And because of this, they can offer huge returns in a short period of time. But, on the flip side, they can also cause large losses if you’re not careful. With that in mind, which penny stocks are you watching right now?