Penny_Stocks_Today

Penny_Stocks_Today

After receiving an investment from leading car manufacturer Volkswagen AG (OTC: VLKAF), XPeng Inc. (NASDAQ: XPEV) has become one of the hottest EV stocks in the market at the moment. Through this deal, the company’s cash balance will be boosted substantially which could allow it to further develop its ongoing projects – including the development of a new MPV....

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Going short on Tupperware Brands Corporation (NYSE: TUP) may at first seem absurd given the stock’s recent 428% run, however, due to the company’s current circumstances a short play could be viable for multiple reasons. TUP’s sales have dwindled significantly since the pandemic due to its lack of adaptability. Additionally, the company is late in filing its...

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The House Financial Services Committee recently passed a bill for crypto regulation which may see cryptocurrencies running in the coming weeks. The reason for this anticipated run is the authenticity and sense of security this bill would add to cryptocurrencies. Since Bitcoin is the world’s largest cryptocurrency, it is likely to be impacted the most by this...

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On July 25, DISH Network Corporation (NASDAQ: DISH) struck a deal with Amazon.com, Inc. (NASDAQ: AMZN) to sell its 5G plan. This deal has major implications for the company since Amazon is the world’s largest online retailer and the exposure its plan will receive could boost its revenues in the coming quarters. With the company competing with Mint Mobile on...

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Arguably one of the most promising 3D printing stocks to keep an eye on in the coming weeks is 3DX Industries, Inc. (OTC: DDDX). As things stand, DDDX promised to release multiple PRs this week and next week. This is significant since it successfully completed its NIST assessment to become eligible for JCP certification back in March and is pursuing a...

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Although it is up 43% YTD, Snap, Inc (NYSE: SNAP) is witnessing some concerning signs due to the slowdown in active users growth as well as the decline in average revenue per user. Based on these factors it is highly likely that the company misses on its revenue estimates in its Q2 earnings set to be released on July 25 after hours. Despite this, the company has...

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Arguably the best performing stock in 2023, Carvana Co. (NYSE: CVNA) remains on a steady upward trajectory following its impressive Q2 performance. With the company smashing analyst expectations for Q2 revenue and EPS, the company shared more positive news regarding its debt. As is, the company reached an agreement with its noteholders to eliminate a substantial...

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The space industry has been gaining momentum this year, with several space stocks appreciating in value. One of the most exciting space stocks in the market at the moment is Rocket Lab USA, Inc. (NASDAQ: RKLB) which is known for providing a wide range of services, chief of which is its launch services. With 6 successful launches in the first half of the year, more...

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Supported by several heavyweight conservative figures, Colombier Acquisition Corp. (NYSE: CLBR) is an exciting stock to watch this week as the SPAC intends to close its merger with anti-woke app Public Sq. on July 20. Given that the company caters to the same conservative audience as Digital World Acquisition Corp. (NASDAQ: DWAC), CLBR stock could see a similar...

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Thanks to a new deal introduced on July 13, Nikola Corporation (NASDAQ: NKLA) experienced a short squeeze that helped the stock run nearly 116% last week. That said, the recent short squeeze may be a prelude to a substantial fall or even bankruptcy. In the meantime, NKLA is attempting to gain shareholders’ approval to raise its authorized shares in order to be...

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The recent acquisition of pharmaceutical laboratories CANA S.A. (CANA) by Cosmos Health Inc. (NASDAQ: COSM) could be seen as a bullish indicator regarding the company’s long-term prosperity. As a result of this development, the company now controls a 54 thousand square ft. manufacturing facility in Athens and multiple functioning product lines that will assist in...

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After disappointing Q2 production and delivery numbers, Lucid Group, Inc. (NASDAQ: LCID) stock dropped 12% – ending the stock’s impressive 22% run on the news of its new deal with Aston Martin (LSE: ALM) for the latter to use some of LCID’s technology. Despite announcing underwhelming numbers, the drop in the LCID stock price could be an overreaction as the...

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The United States may be experiencing a faster-than-expected economic recovery as inflation numbers have cooled faster than the Fed’s expectations. This could explain why Opendoor Technologies Inc. (NASDAQ: OPEN) spiked nearly 10% since the announcement. The reason the stock could maintain its momentum is the decline in US treasury bond yields which are strongly...

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When it comes to digitally streaming sports one company stands apart from the rest. fuboTV Inc. (NYSE: FUBO) offers a wide range of content that is meticulously selected to target key demographics. It is due to this wide range of selective content that FUBO experienced a $82 million increase in revenue, which caused FUBO stock to run 150%. These gains may very...

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As it looks to develop its line of EVs, Fisker Inc. (NYSE: FSR) is gaining attention after securing a sizable sum of cash in convertible debt which sent the stock on a 20% run as the conversion price of the notes is much higher than the stock’s current PPS. While the stock cooled down slightly following its run, FSR stock could further run this week as more...

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Chinese stocks are gaining momentum with a bullish zeal after China ended its 2 year long tech crackdown. As a result, Chinese tech stocks could be poised to run this week thanks to this industry wide catalyst. A possible way to capitalize on this potential run could be going long on FingerMotion, Inc. (NASDAQ: FNGR). As a Chinese telecom company with a low float,...

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At its current pace, Carvana Co. (NASDAQ: CVNA) is showing no signs of ending its impressive 612.4% run since the start of the year. Recently, CVNA broke its $32 resistance which if confirmed could see the stock continue climbing to its next resistance at $41 which would indicate a 20% upside. There are several factors that can push CVNA stock to its next...

Penny_Stocks_Today

Despite news of inflation remaining near zero in China in May, Nio Inc. (NYSE: NIO) has finally ended months of declining sales and has reached its June delivery target. Furthermore, NIO’s investment in the Australian lithium miner Greenwing Resources Ltd. may prove its importance with the expected shortage of lithium batteries as early as 2025. It is also worth...