Trading Penny Stocks This Week? 3 For Your April 2021 Watch List

3 penny stocks to see this week

Are you looking for penny stocks to buy this week? If you answered yes, you are not alone. Every weekend we receive thousands of requests for new information about the markets and what to see. Whether you are trading penny stocks or looking for investment opportunities, the starting point is usually the same: creating a watchlist.

How do you compile a penny stocks watchlist?

It may seem relatively self-explanatory. To put together your list of penny stocks to watch, you need to find some letters and put them on a piece of paper or a simple word file, right? Of course, this is the process, but how do you find the best penny stocks to add to the list?

In my experience, the weekends are the best because you don't struggle with active market trends. You also have a lot more time to research. This process involves watching the news and anticipating if there are any market trends that might play a role.

In the coming week, the biggest story is likely to be the flurry of earnings results that will come out. Tech stocks in particular are drawing attention. Everyone from Apple (NASDAQ: AAPL) to Tesla (NASDAQ: TSLA) will be in the spotlight, reporting results from the first quarter of 2021.

These results alone could act as potential catalysts for sympathy dynamics. But there is a lot more to consider. You also need to look at other things like upcoming conferences or industry events.

Catalysts that can play a role in penny stocks

Earlier this weekend, PennyStocks.com reported on several biotech Penny stocks with dates upcoming. While there is no guarantee that these will actually become catalysts, they are important as new information can be reported as these events occur.

There is also the company registration page to consider. Of course, when insiders or institutions are buying or selling it is usually an indication of the general sentiment of a company. Look for things like Form 4s and Schedule 13s to see how positions in specific companies go up or down.

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It doesn't hurt to take social feelings into account, either. Are there certain things retailers talk about? While rumors or chatter alone shouldn't dictate your strategy, it doesn't hurt to tap into the retail market to see which day traders are focused on.

See Penny Stocks This Week

These are just a few things to consider when putting together your list of penny stocks. Whatever your strategy, make sure you understand what you are seeing and how it could play a role in the stock market this week. With that in mind, here are a few names that have gained momentum recently.

1. Vinco Ventures (NASDAQ: BBIG)
2. Predictive Autonomy (NASDAQ: FRSX)
3. Clear Channel Outdoor Holdings (NYSE: CCO)

Vinco Ventures (NASDAQ: BBIG)

Cryptocurrencies recovered somewhat this weekend. Digital asset prices fell sharply last week when it was revealed that new capital gains taxes could exceed 40%. As cryptocurrencies like Bitcoin would encounter such taxes, a surge in profit-taking came on the market. This seems to have bounced back over the weekend with everything from Ethereum and Bitcoin to Dogecoin and even things like Safemoon. Whether or not this trend will continue will be seen as the week progresses.

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However, if the trend continues, cryptocurrency-related names could be in the spotlight. Vinco Ventures was recently highlighted for its recent debut in the non-fungible token (NFT) arena. The company announced earlier last week that it had established a subsidiary, EVNT Platform, LLC. (DBA Emmersive Entertainment). EVNT acquired celebrity endorsed software assets from Emmersive Entertainment, Inc.

According to the company, the EVNT platform will combine proprietary technology with celebrity viewers to create “E-NFT” experiences. What does that mean? Vinco has stated that the EVNT strategy for its E-NFTs includes opportunities for collectors to automatically become members of an exclusive community of fans. They get unique access to digital events and experiences by owning a token from their favorite celebrity.

Given the speculative excitement behind this new breed of digital asset, BBIG could be on the list of penny stocks to watch as cryptocurrencies reboot.

Predictive Autonomy (NASDAQ: FRSX)

This year, Foresight Autonomous has gained momentum thanks to the focus on different technologies in development. Automotive vision technology in particular is gaining ground after product testing showed significant progress.

Last month, the Eye-Net subsidiary completed its phase 1 pilot project with a division of a global Japanese vehicle manufacturer worth billions of dollars. The Eye-Net Protect accident prevention solution was reviewed and its potential as an option for safety traffic systems in a smart city project was demonstrated. Following these results, the company announced that it would initiate technical discussions on integrating the technology into the Smart City project.

Last week Foresight's Eye-Net Mobile signed a distribution agreement with WebSIA in Brazil. The company's cell-based accident prevention solution Eye-Net Protect is promoted exclusively by WebSIA in Sao Paulo, Brazil.

“The integration of our solution into various smart city projects in this city with 12 million inhabitants can help us to reach a critical mass of Eye-Net Protect users in a defined area and increase the chances of preventing accidents and living to rescue. Through our partnership with WebSIA, we hope to expand further into Latin America in the future and to increase our market penetration, ”said Dror Elbaz, COO and Deputy CEO of Eye-Net Mobile. With companies like Tesla reporting business updates this week, autonomous technology could become a topic of discussion. Whether or not it will be a catalyst for companies like Foresight remains to be seen. In the meantime, recent advances could put FRSX on its list of penny stocks to watch.

Clear Channel Outdoor Holdings (NYSE: CCO)

You will hear all about "reopening trading" and "buying epicenter stocks". All of this has to do with the world returning to a certain normalcy. This could allow some of the hardest hit sectors to benefit from reopening businesses to the public. One of them is the advertising industry. Overall, restrictions on public gatherings, closings of entertainment venues, and the introduction of travel and leisure restrictions have affected numerous markets.

Clear Channel is one of the largest outdoor advertising companies in the world. Its platform includes around half a million print and digital advertisements in 31 countries. With reopening efforts starting this year, CCO stock has clearly benefited from market optimism surrounding the reopening. In addition, the company has already hinted at a stronger performance in 2021. In its full 2020 and fourth quarter business update, CEO William Eccleshare stated that the company continues to focus on maximizing Performing in the current uncertain environment while continuing to invest in things like technology to strengthen and expand the effectiveness of Clear Channel's assets. The company beat fourth quarter revenue estimates by nearly 10%

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Looking to the future, the focus will be on the result in the coming weeks. Clear Channel is expected to release its first quarter 2021 results on May 10th. The company is expected to lower its sales in the Americas segment by the "high 20 percentage points" from previous years, based on previous forecasts.

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