With August only a few days away, investors continue to search for the best penny stocks to buy. While this is challenging given the wide breadth of world events going on right now, it is entirely possible.
To make your penny stocks watchlist as competitive as the best traders out there, you need to consider how certain factors will impact the stock market. In 2021, this includes the pandemic, inflation in the U.S. and abroad, and specifically, the new impact of the Delta variant. All of these aspects are shifting the way that the market is moving right now. And for that reason, they are all extremely important to consider.[Read More] 3 Hot Penny Stocks Seeing Bullish Interest Right Now
So, while no watchlist is perfect, investors can attempt to think outside of the box and search for top penny stocks that may benefit situationally. With this in mind, let’s take a look at three you may want to add to your August watchlist.3 Hot Penny Stocks For Your Watchlist Right Now
- Aegon N.V. (NYSE: AEG)
- Seanergy Maritime Holdings Corp. (NASDAQ: SHIP)
- Borqs Technologies Inc. (NASDAQ: BRQS)
Aegon N.V. is a penny stock that focuses on financial services. The company offers insurance products for life, accident, and health purposes. It also offers property and casualty insurance, as well as car insurance, and much more. On the more financial side of its business, it provides retail and institutional investment management solutions and other financial services.
All of these together show that AEG is quite diversified in the financial and insurance products industry. And because of this, it has been able to capture quite a large market share in the past few years. Back in May, Aegon reported its first-quarter financial results for 2021.
“We have made early progress toward delivering on our strategic priorities, and I am encouraged to see this reflected in our first-quarter results. Despite the pandemic, our employees remain committed to supporting our customers and business partners. I continue to be deeply impressed by the energy that they bring to transform Aegon into a more focused, high-performance company.”CEO of Aegon, Lard Friese
In other recent news, the company repurchased shares on July 7th to neutralize the impact of its 2020 final stock dividend, as well as share-based variable compensation plans. AEG stock was under $4 per share when 2021 started, and now it is at $4.14 per share on July 26th.[Read More] Top Penny Stocks to Invest In 2021? 3 For Your List Next Month
Over the past year, shares of AEG stock have shot up by around 35%. And, during that time, it has also remained relatively stable, which is not something many companies can say throughout the pandemic. So, considering this is AEG a contender for your penny stock watchlist?Seanergy Maritime Holdings Corp. (NASDAQ: SHIP)
Seanergy Maritime Holdings Corp. is a penny stock that we have discussed quite frequently over the past few months. This company is focused on shipping dry bulk commodities by sea. Primarily, the company ships iron ore and coal, but it ships a wide range of other dry bulk materials as well. Currently, the company has 11 Capesize vessels with a carrying capacity of nearly 2 million deadweight tons. On July 14th, the company announced a new time charter agreement and a financing agreement of $30.9 million.
“I am very pleased to announce these important transactions for our Company. The debt financings we have secured so far for our recent vessel acquisitions are competitively priced and conservatively structured, resulting in low break-even rates that enhance our significant free-cash-flow generating capacity.”The Chairman and CEO of Seanergy, Stamatis Tsantanis
Right now, rates for shipping are higher than they have been in many months prior. This means that SHIP is seeing higher revenue for the same routes it was running before the pandemic. And, with this financing, it should be able to embark on new business opportunities in the near future.
At the start of 2021, SHIP stock was at about $0.51 per share on average. Now, shares of SHIP stock sit at around $1.05. YTD, SHIP stock has shot up by a solid 103%, indicating a sizable bullish sentiment on both the company and the shipping industry as a whole. Considering this, will SHIP be on your penny stocks watchlist?Borqs Technologies Inc. (NASDAQ: BRQS)
Borqs Technologies Inc. is a penny stock with a focus on software and development services. Its commercial-grade Android platform software has been a major revenue stream for it in the past few months. And in addition to this, its BorqsWare Client software and BorqsWare Server software are amid its more popular products on the enterprise side of its business. These products are used by mobile device manufacturers, chipset manufacturers, and other related tech companies.
On July 19th, an interview with Borqs Technologies was aired on Bloomberg U.S. on the RedChip Money Report show. Bloomberg TV is available in about 73 million homes in the U.S., so this could be one of the reasons that BRQS saw some sizable bullish sentiment during that time.
In addition to this recent news, the company completed manufacturing facilities at its 5G industrial park project located in Huzhou, China. The facilities are intended to reduce production costs instead of using third-party manufacturers. This initial phase of the facility has the ability to produce 700,000 units per year.
Right now, 5G penny stocks are all the rage. And with new phones coming out regularly that are 5G capable, the market could continue to grow in the coming months and beyond. As a sizable player in the 5G industry, Borqs could stand to benefit if the adoption of 5G continues at the level it currently is. While BRQS stock has been affected heavily by the pandemic, many investors believe in the future of the company. Considering this, will it be on your list of penny stocks to watch this month?Which Penny Stocks Are You Watching?
With so many penny stocks out there to choose from, picking the best ones for your watchlist can be challenging. However, with the right insight into how the market is moving right now, it can be much easier than previously imagined.
Considering that there is a lot of movement in the market in July 2021, there are also plenty of ways to benefit. With this in mind, which penny stocks are you watching right now?