Best Penny Stock Trading Strategy: How to Create a Watchlist of Potential Stocks
Are you looking for penny stocks to buy now? Maybe you’re searching for the top penny stocks to invest in. Whatever your goal is, it’s important to have a solid game plan in place before entering any position. One effective strategy is to create a watchlist of penny stocks, and a great way to build this list is by focusing on a specific theme.
Identify Penny Stocks With News
One theme that can be particularly effective in identifying companies that have recently made headlines. News can act as a catalyst in the market, and by closely examining announcements, investors can identify additional or potential triggers that could prompt speculation in the market. For example, a company that has announced a significant partnership or acquisition could be a potentially bullish catalyst for investors to consider.
In addition to company-specific news, it’s also good to stay updated on the industry or broader markets that could impact the performance of penny stocks. For example, technological advancements or shifts in consumer preferences could significantly impact specific companies.
Once you’ve identified a list of companies that fit your theme, it’s time to research and analyze each one. This includes looking at financial metrics, considering the management team, and the overall business model.
It might also help to read analyst reports about penny stocks and keep an eye on any insider trading activity. This article looks at a few more cheap stocks with news. It’s a continuation of our list from the update, “4 Penny Stocks To Watch With Big News This Week.”
Penny Stocks With News
Express Inc. (EXPR)
Fashion retail brand Express has been one of the household name stocks to watch this year. After hitting new 52-week lows at the end of 2022, EXPR stock has steadily recovered. One of the catalysts behind the recovery was its full-year 2022 outlook. Express confirmed earlier this month that it is within the prior outlook range.
“Against a backdrop of extremely challenging macroeconomic, consumer, and competitive environments, we expect to deliver full year 2022 comparable sales and diluted loss per share within the ranges of our prior outlook,” said CEO Tim Baxter in a January 9th update. This week, news has helped accelerate that jump.
EXPR Stock News
This week Express announced the closing of a transaction with WHP Global as a strategic partner. The idea is for WHP to help enhance branding for Express and allow it to scale through non-core domestic licensing opportunities and global expansion. In addition, WHP will make a $25 million equity investment and commit $235 million to the Express/WHP IP joint venture. Since the news hit wires after the market closed on Wednesday, retail traders have reacted to it during premarket hours on Thursday.
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OpGen, Inc. (OPGN)
Shares of OpGen, Inc. ticked higher on Thursday, just days after hitting fresh 52-week lows. The precision medicine company uses molecular diagnostics and informatics to fight infectious diseases. Its subsidiary, Ares Genetics, has been in the news this year and focuses on bacterial genomics and AI-powered prediction of antimicrobial resistance (AMR). This week Ares grabbed attention after the latest company update.
OPGN Stock News
This week the company’s subsidiary announced it was granted a patent by the China National Intellectual Property Administration. Titled “Genetic resistance prediction against antimicrobial drugs in microorganism using structural changes in the genome,” it covers bioinformatics to figure out an initial step of genomic difference between bacteria. In particular, the comparison is between bacteria susceptible to antibiotic therapy and strains that are resistant.
Dr. Arne Materna, CEO of Ares, commented, “We believe there is an urgent need for new diagnostics to detect AMR outbreaks, particularly for healthcare-associated infections, and to identify individually effective antibiotic regimen to reduce transmissions, improve patient care, and ultimately curb the spread of AMR.”
LogicMark, Inc. (LGMK)
LogicMark provides personal emergency response systems and health communication technology for the care economy. The first half of the week has been challenging for the company. A significant sell-off took shares to new 52-week lows after LogicMark announced a public offering. However, this same event could have prompted the bullishness in the stock market today. Let’s explain.
LGMK Stock News
A few hours after the closing bell on Wednesday, LogicMark announced the closing of the public offering. It took in $5.2 million through the offering, and now, with cash in hand, the market may be paying closer attention to how the company will use this new capital to its advantage. Among other things, LogicMark said it intends to use proceeds for new product development.
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List Of Penny Stocks To Watch With News This Week
- Express Inc. (NYSE: EXPR)
- OpGen, Inc. (NASDAQ: OPGN)
- LogicMark, Inc. (NASDAQ: LGMK)
- Axcella Health Inc. (NASDAQ: AXLA)
- Jasper Therapeutics, Inc. (NASDAQ: JSPR)
- BigBear.AI (NYSE: BBAI)
- Fortuna Silver Mines Inc. (NYSE: FSM)