Penny Stocks & News: What To Know & Stocks To Watch
Investing in penny stocks can be a complex process. But staying informed about the latest news and events can play a significant role in making intelligent investment decisions. The world is constantly changing, and keeping up with the latest news and developments can help investors stay ahead of the curve and make informed choices. In this article, we’ll explore how news can impact investments. We also look at how investors can use the information to make more informed decisions.
Economic News Today
Economic news is one of the most important factors that can impact the stock market today. This includes reports on economic indicators such as gross domestic product (GDP), employment, inflation, and interest rates. These reports give investors a sense of the current state of the economy.
They can also help to make predictions about its future trajectory. For example, if the GDP is growing, this could suggest the economy is expanding. Other factors, like rising inflation, can mean the cost of goods and services will increase. As we’ve seen recently, this can lead to a decrease in purchasing power and negatively impact markets.
Interest Rates
Interest rates are another thing that can impact the market. The Federal Reserve sets the interest rate, and changes to this rate can significantly affect the economy. As we’ve seen over the last year, rising interest rates can make it more expensive for people and businesses to borrow money. That can lead to decreased spending and slower economic growth. On the other hand, if interest rates fall, it can make it easier for people and businesses to borrow money. That can increase spending and boost economic growth, as we saw when rates were slashed a few years ago.
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Company News
News about or released by individual companies can also be catalysts. It can include announcements about earnings, mergers and acquisitions, new product launches, etc. For example, if a company announces strong earnings, this may indicate that the company is performing well. As a result, its stock price might increase. On the other hand, if a company announces weak earnings or faces a lawsuit, its stock price might fall.
Political News
Political news can also play a significant role. This can include announcements about new laws and regulations, elections, and other political developments. For example, if a more business-friendly government is newly elected, it may increase investment in the country. In turn, that might also help boost the stock market. On the other hand, if newly elected government officials are more hostile to business, it may lead to decreased investment and a decline in the stock market.
How to Use Penny Stock News To Your Advantage
Now that we’ve discussed how news can impact investments let’s discuss how to use it to your advantage. One of the most important things investors can do is stay informed about the latest news and developments. This can include reading penny stock news articles, watching financial news programs, and subscribing to penny stock newsletters. By staying informed, you can better understand the current state of the economy and the factors that are affecting it.
It’s also important to consider the source of the news. Not all sources are equal. Some may have a vested interest in presenting information a certain way. For example, a financial news program that a particular investment firm sponsors may be more likely to give information that is favorable to that firm. Investors should carefully consider the source’s credibility when evaluating news and making investment decisions.
This article looks at a handful of penny stocks to watch with news making waves in the stock market this week.
Penny Stocks To Watch
AMTD IDEA Group (AMTD)
Shares of AMTD IDEA Group have been on the radar for months. The attention originates in the company’s tie-in with AMTD Digital Inc. (NYSE: HKD). Last year, HKD stock made a splash and brought a huge boost to small-caps thanks to its epic rally from around $12 to highs of over $2,550 in a few days.
The Asian digital solution provider saw its shares explode as it made its public debut. The company’s parent AMTD Group was launched in 2003 by Hong Kong’s telco giant CK Hutchison, founded by billionaire Li Ka-shing. AMTD Digital was spun out in March.
AMTD Idea Group is a subsidiary of AMTD Group Company Limited. According to AMTD Idea, it was expected to own 88.7% of the issued and outstanding shares and 99.4% of the total voting power in AMTD Digital following the IPO. Fast-forward to this year, and the two stocks continue moving in sympathy with one another.
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This week’s update from AMTD Digital’s AMTD Digital Media business is where stock market news comes to light. The company announced the successful completion of the shooting of the movie “My First of May,” which is also ready for market release. Following the update, shares of both AMTD and HKD stocks surged higher.
Bright Green Corporation (BGXX)
Shares of cannabis stocks haven’t been the best to watch over the last year. But sporadic trading action has made them some of the volatile stocks to watch daily. Bright Green’s plans to raise half a billion dollars under the government’s EB-5 capital program lit the initial fuse that sparked the rally in February. The company reported that it would leverage the program to help generate over 7,100 jobs in New Mexico and across the U.S. to support the construction of greenhouses and general operations.
This week, Bright Green continued releasing updates. The company appointed its Chief Operating Officer, Seamus McAuley, to the CEO position. That news seems to have helped turn things around for BGXX stock after a week of trending lower.
Vallon Pharmaceuticals, Inc. (VLON)
In many cases, company news doesn’t have to be from a newswire alone. When it comes to public companies, filings come in handy. The fact that these are considered public disclosures means there doesn’t need to be a formal press release in conjunction with a filing. Vallon Pharmaceuticals is an example. This week, the company filed an amended S4 registration statement.
In it, Vallon outlined its proposed merger with GRI Bio Inc. so that shareholders could be well-informed for the upcoming vote. Following its plan of searching for strategic alternatives in mid-2022, the company found an option in a merger with GRI.
In December, Vallon detailed the plan for the tie-up, explaining that the focus will be on advancing GRI’s pipeline of NKT cell regulators for treating inflammatory, fibrotic, and autoimmune diseases. Since this deal is expected to close this quarter, speculation on its timing and, of course, the outcome of the shareholder vote has begun fueling market momentum for VLON stock.
List Of Penny Stocks To Watch
- AMTD IDEA Group (NYSE: AMTD)
- Bright Green Corporation (NASDAQ: BGXX)
- Vallon Pharmaceuticals, Inc. (NASDAQ: VLON)
