Making a penny stocks watchlist for July? In order to do so, investors need to consider a few factors. First and foremost are the various geopolitical and economic factors at play right now. This includes the end of Covid, high vaccine rates, movement in the cryptocurrency industry, and fears of long-term inflation. Taking all of this into account will help to ensure that there are no unwanted surprises in your portfolio.
The next thing to factor in is what your trading strategy is. Are you more focused on long-term holdings? Or is short-term swing trading your thing? Knowing the difference between these will help to guide your watchlist closer to your portfolio goals. With that in mind, a lot is going on with the entire list of penny stocks right now. And, to stay ahead, investors need to consider everything wholly.
This article is a continuation of ‘Hot Penny Stocks to Buy? 3 to Watch As Vaccine Rates Hit New Highs’. So if you haven’t read it, go back and take a first look. With all of this considered, here are four more penny stocks to watch right now.4 More Penny Stocks to Watch as Vaccine Rates Hit All-Time Highs
- Globalstar Inc. (NYSE: GSAT)
- BEST Inc. (NYSE: BEST)
- Genius Brands International Inc. (NASDAQ: GNUS)
- 1847 Goedeker Inc. (NYSE: GOED)
Globalstar Inc. is a communications penny stock that provides mobile satellite services. It offers duplex two-way voice and data products such as mobile voice and data satellite communications. These are used for emergencies, remote business continuity, recreational use, and more. Rural villages and ships can also benefit from the company’s products and any business that operates off-grid. Its SPOT retail products such as the SPOT satellite GPS messenger have brought great success to the company in the past few years.
The latest update from Globalstar came from May 19th. This is when the company announced that it has partnered with Desert Vets Racing, which is an off-road racing organization. The company will enable communication and driver safety while off-roading in areas with no terrestrial connectivity.
“The partnership with Desert Vets Racing is a great fit for SPOT as we are able to provide reliable communication and connectivity. The organization has a great mission and SPOT is proud to help keep these impressive individuals safe while they are doing something to help better their lives while having a lot of fun.”The CEO of Globalstar, Dave Kagan
GSAT stock has been increasing substantially in the market recently. Considering this, will you add GSAT to your list of penny stocks to watch?5. BEST Inc. (NYSE: BEST)
BEST Inc. is an industrial company based in China. The company operates as a smart supply chain service provider. Its BEST Cloud technology platform enables its ecosystem participants to operate through various SaaS-based applications. The company applies its technology to network and route optimization applications as well as smart warehouses and store management.
It offers integrated services and solutions across the supply chain as well. This includes offerings such as warehouse management and order fulfillment. On June 8th the company released its first-quarter financial results.
“Our first-quarter results reflected a mix of both the progress brought about by our November 2020 strategic refocusing plan and the ongoing challenges we are still facing.
Our execution of the strategic refocusing plan delivered substantial improvement in Freight, Supply Chain Management, and Global, as reflected in their top-line growth along with strong gross margin expansion.
We continued to solidify our leading position in the freight market while refocusing our efforts on high-margin accounts for Supply Chain Management.”Founder, Chairman, and CEO Johnny Chou
The company’s revenue increased by 29.9% in this period. Additionally, in the last month, BEST stock has gone from $1.25 per share up to $1.78 per share on average. This has placed a lot of bullish sentiment on the company, which is further indicated by its higher than average trading volume. Whether this makes BEST stock worth keeping an eye on is up to you.Genius Brands International Inc. (NASDAQ: GNUS)
Genius Brands International Inc. is a content and brand management company that creates and licenses multimedia content. Its content is created for the toddler-to-tween demographic and includes offerings such as Llama Llama, Rainbow Rangers, and much more. The company has seen a lot of positive momentum in 2021 so far. On June 8th it announced that it has joined the Russell 3000 index. Its official listing will take place on June 28th when the US market opens.
“We’re pleased to be included in the Russell 3000 and Russell 2000 Indexes, as we believe this reflects the dramatic growth we have experienced over the past year. In particular, our recently launched tentpole brand, Stan Lee’s Superhero Kindergarten, starring Arnold Schwarzenegger, has now surpassed 28 million views, averaging now over 4 million views per episode, making this one of the most highly viewed new cartoon launches in history.”The CEO of Genius Brands, Andy Heyward
At the start of 2021, GNUS stock was at $1.36 per share on average. At one point GNUS stock went up past $3 per share earlier this year despite correcting shortly after. Throughout the year GNUS has seen a large number of spikes and dips, indicating high volatility. As of June 25th, the company is at $2.06 per share on average. So, will GNUS be on your list of penny stocks to watch in July?1847 Goedeker Inc. (NYSE: GOED)
Home improvement has been a growing market in the last year, which has significantly helped 1847 Goedeker Inc. to outperform. 1847 Goedeker operates an e-commerce platform for appliances, furniture, fitness equipment, plumbing equipment, and much more. These are all items that have been in high demand because of the pandemic. During this time, many individuals decided to embark on home renovation projects given the large stay-at-home orders. This resulted in a massive demand spike for the products that 1847 Goedeker makes.
On June 16th, the company announced that it has continued strong second-quarter performance. Its May revenue broke company records up 41.9% to $44.3 million on a combined proforma basis. The company’s CEO Doug Moore said, “We continue to operate at more than a $500 million annual revenue run rate through May. While our fill rate of 61% remains well below our historical 85% rate, we continue to believe we will see a return to normal shipping trends as manufacturers catch production up to consumer demand in the latter part of the third quarter.”
Only five days ago GOED stock price was at $3.47 per share on average. Now on June 25th, GOED stock has reached around $4.31 per share on average. This huge momentum we’re witnessing with GOED stock has helped to greatly popularize GOED in the past few weeks. So will GOED make your list of penny stocks to watch?Finding the Best Penny Stocks to Buy Can be Easy
By making a penny stocks watchlist, finding the best penny stocks to buy can be easier than previously imagined. Of course, it will take plenty of research and having a trading education won’t hurt.
But, to understand how the market moves and how to benefit, a watchlist will always be your best friend. Considering this, which penny stocks are on your watchlist for next week and into the rest of 2021?
To read about the other penny stocks on this list head to Hot Penny Stocks to Buy? 3 to Watch As Vaccine Rates Hit New Highs