Finding the best penny stocks to add to your watchlist is the most difficult part of being an investor. While there are hundreds of penny stocks to choose from, not all will have either short or long-term value. So, to determine which on the list of penny stocks could be the best to buy, there are a few strategies to consider.
On one hand, investors need to have a thorough understanding of what type of trader they are. This is the best way to separate which penny stocks may be right for you and which may not.
[Read More] 4 High Volume Penny Stocks to Watch in July 2021
Second, investors should consider what is going on in the market right now and how that may affect an individual penny stock or industry. So, with plenty of penny stocks to choose from right now, it all comes down to finding the best for your individual portfolio. Considering this, let’s take a look at four that could be worth adding to your watchlist.4 Hot Penny Stocks to Watch in July
- Yamana Gold Inc. (NYSE: AUY)
- Express Inc. (NYSE: EXPR)
- Genius Brands International Inc. (NASDAQ: GNUS)
- Jaguar Health Inc. (NASDAQ: JAGX)
Yamana Gold Inc. is a precious metal mining stock that operates in a variety of locations around the world. Its primary mining operations are in Brazil, Canada, Chile, and Argentina. The company explores for gold and silver ores at these locations. Specifically, Yamana holds interest in the Malartic mine, Cerro Moro mine, Minera Florida mine, and additional properties.
On July 12th, the company provided notice of a feasibility study update for its Wasamac Project alongside a conference call. This will take place on Tuesday, July 20th, 2021. The update will provide a great deal of insight into what the company is up to right now.
Only a few days before this AUY was continuing to show solid bullish sentiment from investors. The company’s volume is also much higher than its market average at the moment. 5 days ago the company was at $4.18 per share, and now it is at $4.35 per share. With this upcoming update, will you add AUY to your penny stock watchlist?Express Inc. (NYSE: EXPR)
Express Inc. is a popular penny stock that has been gaining traction in several recent trading sessions. If you’re unfamiliar, EXPR is a provider of clothing across retail markets in the U.S. As of the start of 2021, the company held 570 stores across 46 different states. In addition, EXPR sells its products via its e-commerce website express.com and it also franchises several locations in Latin America.
This is another one on the long list of companies that have been coined “meme stocks”. Meme stocks are those that increase in attention and volume due to social media hype. EXPR stock has been frequently mentioned on subreddits such as the infamous r/wallstreetbets, and r/DDintoGME.
When the year started, EXPR stock was under $1 per share. At one point in February, the company saw one day of huge momentum, reaching above $13 per share. This momentum was short-lived and the company became a penny stock once again. Now on July 15th, EXPR stock is at $4.69 per share. So despite it not being near its 2021 high, it is much higher than it was at the start of the year. With this in mind, will EXPR make your list of penny stocks to watch?Genius Brands International Inc. (NASDAQ: GNUS)
Genius Brands International Inc. is a content and brand management penny stock working in the entertainment industry. The company offers a variety of series such as Llama Llama and Warren Buffet’s Secret Millionaire’s Club. All of its series are shows meant for the age group of toddlers to tweens. The company serves broadcasters, licensees, manufacturers, retailers, and more.
One of the company’s shows, “Stan Lee’s Superhero Kindergarten” just surpassed a huge milestone. The show has now exceeded 40 million views on the company’s “Kartoon Channel!”. This was a big accomplishment for the company that shows the success of its new show. The company also recently debuted its “Christmas In July” show, presented by Chuck E. Cheese.
“We are determined to build Kartoon Channel! into the #1 most successful children’s streaming network, and will continue to bring bold initiatives such as ‘Christmas in July.’ To that end, we will continue to offer a family entertainment destination that brings unique viewer experiences that appeal to a broad demographic with content that celebrates diversity and inclusivity.”The President of the Kartoon Channel
With these advancements in mind, will you add GNUS to your list of penny stocks to watch?Jaguar Health Inc. (NASDAQ: JAGX)
Jaguar Health Inc. is a biotech penny stock that develops prescription medicines. The company’s main area of focus is medicines for GI distress in both people and animals. One of the products it sells is Mytesi, which consists of crofelemer 125mg tablets for treating noninfectious diarrhea in those with HIV/AIDS.
On July 14th, the company announced the completion of an investigator-initiated Phase 2 HALT-D study evaluating Mytesi. This is to test its effectiveness for the symptomatic relief of diarrhea in HER2-positive breast cancer patients receiving chemotherapy.
The company’s President and CEO, Lisa Conte said, “We’re very happy that the HALT-D study has been completed, and we look forward to the potential acceptance and publication of the study results later this year.” While trading has not been ideal for JAGX stock in the past month or so, it looks like it could have a lot of potential in the near future. But on July 15th, JAGX once again showed some solid bullish sentiment. Considering all of the information that has been mentioned, will JAGX enter your penny stock watchlist in July?Penny Stocks Continue to Heat Up in July 2021
In July, there are hundreds of penny stocks that are showing potential. This includes both the more popular small-caps and those that you may not have heard of. But, it is always extremely important to consider what a company is doing right now, and what factors are impacting its stock price. With this in mind, it’s no wonder that penny stocks are continuing to heat up in July 2021.