Penny Stocks or Blue Chips? Which Should You Watch in 2021?


3 Penny Stocks To Watch Out For That Could Be Better Than Blue Chips

With June in full swing, penny stocks are currently the focus of many investors. And there are some good reasons why that is. For one thing, because penny stocks are so volatile, they can make big gains (and losses). In the past few months, the market volume for blue chips has been extremely low.

As a result, many investors have turned to penny stocks to fill the void. The next reason is that penny stocks are among the most speculative financial instruments out there. When news of a particular event, company, or industry falls, penny stocks tend to follow suit. This is standard and can be a huge benefit if you know how to use it.

After all, the penny stocks opportunity is like no other. Since all penny stocks are under $ 5, not only are they cheap to invest, but we tend to see bigger moves than blue chips. For example, it's common for a penny stock to rise double-digit percentage points over the course of a day. However, this is not often the case with blue chips.

Former penny stocks that skyrocketed in value, up over 3,500%

Although the two assets are comparable, they are often used by different investors for different purposes. Before investing, think about what type of trader you might be and what your goals are. With all of that in mind, let's take a look at three penny stocks that could be better than blue chips.

3 penny stocks to watch out for in June 2021

  1. Borqs Technologies Inc. (NASDAQ: BRQS)
  2. China Xiangtai Food Co. Ltd. (NASDAQ: PLIN)
  3. Note Holdings Inc. (NASDAQ: MARK)

1. Borqs Technologies Inc. (NASDAQ: BRQS)

Borqs Technologies Inc. is a tech penny stock that is performing better today. With that in mind, let's dig deeper into what Borqs Technology does. BRQS focuses on development services, software and products that provide Android-based smart devices and cloud service solutions. The demand for these services has increased dramatically during the pandemic. With more people calling on their phones than ever before, service providers like BRQS are seeing increasing momentum.

Big news came in early May when the company closed a $ 23 million private placement to support its growth. The proceeds will be used for contract procurement and 5G project investments. It claims to be investing in the Borqs Huzhou 5G project for a research and development center and manufacturing facilities in the same area. This is expected to be completed by the end of the second quarter of 2021. While it's not just a 5G penny stick, this has become a huge part of his operation.

About a month ago, the BRQS share recorded a sharp decline, presumably parallel to the overall market at the time. Since then, however, the tech company's stocks have soared to just under $ 1, suggesting potential upward momentum. Could this be the turning point for this company? We can't say for sure. However, it is worth noting that the company's volume is currently much higher than average. With that in mind, is BRQS a tech penny stock to put on your watchlist?

2. China Xiangtai Food Co. Ltd. (NASDAQ: PLIN)

The next company on this list is China Xiangtai Food Co. Ltd. We have spoken about PLIN stock many times over the past few months for a variety of reasons. One of them is the rapid rise in value that PLIN shares have seen during this period.

But what exactly does China Xiangtai Food Co. Ltd. do? Well, this company is engaged in the slaughter, processing, packaging and distribution of a wide variety of foods. Its main product is pork, but it also features beef, chicken, lamb, duck and rabbit meat.

Best Penny Stocks To Buy For June? 3 green energy stocks to watch out for

Despite today's growth of almost 10%, there is no company news for this. Instead, that dynamic could possibly be attributed to the pandemic. In China, the pandemic is almost over and many of the countries have started operations again. For this reason, food production and export could return to pre-Covid levels and increase demand for PLIN products in this way.

China is not out of the woods yet, but the decline in the number of cases could push the need for intensive food production to a high level. While this is pure speculation, it is a likely reason why the PLIN stock is rising in value. In addition, this company is also frequently mentioned in subreddits such as r / Pennystocks and r / robinhoodpennystocks. Given all this, will PLIN make it onto your penny stock watchlist?

Note Holdings Inc. (NASDAQ: MARK)

Remark Holdings is a communications penny stock that is up more than 7% through June 4th EOD. Remark is a company that develops and provides artificial intelligence solutions for businesses and software developers. It owns and operates an online media property that focuses on a luxury beach lifestyle. The products are sold in the United States under the Remark AI brand and in China under the KanKan brand.

In mid-May, Remark Holdings released its financial results for the first quarter of 2021. The company's US sales rose more than half a million dollars for the reporting period. Sales from China increased more than tenfold. This is an overwhelming gain that could be reflected in the upcoming financial reports as well.

“Our first quarter was highlighted by significant sales increases from the US and China, although each country has slowly overcome the COVID-19 lockdowns that dampened business in the first quarter of last year.

The momentum from the second half of last year continued, with US sales increasing over half a million US dollars in the first quarter and sales from China increasing more than ten-fold compared to the first quarter of 2020. "

The Chairman and CEO of Remark Holdings, Kai-Shing Tao

The company assumes that this sales growth has set a “positive tone” for 2021. The company will now hold an extraordinary shareholders' meeting on Thursday, July 8th. Just 4 days before the meeting, MARK shares are up more than 7.5%. Given all of this information, is MARK stock going to make your watchlist this month?

Pennystocks or blue chips? It's your decision

When deciding between penny stocks and blue chips, the choice is ultimately yours. Both financial instruments have different purposes, but both can be potentially profitable. The best course of action is to fully understand your investment goals and which stocks are best for you.

5 Penny Stocks analysts say to buy now with targets of up to 219%

While not every penny stock or blue chip is going to be a winner, with careful research and a range of information, it can be a lot easier to find who might be. With that in mind, the choice is yours. Pennystocks or blue chips?

Midam Ventures, LLC | (305) 306-3854 | 1501 Venera Ave, Coral Gables, FL 33146 | news@pennystocks.com

https://thedailytradingnews.com/penny-stocks-or-blue-chips-which-should-you-watch-in-2021/

Comments

Post a Comment

Popular posts from this blog

Open call: ACC Residency 2023 - Announcements

Asia Culture Center (ACC) is seeking participants for ACC Residency 2023. ACC has been organizing international residency programs not just as a form of artistic support policy, but a superlative creation/production program to produce novel and diverse content with creative talents from all over the world. As a forum for experimentation and exchange it envisions alternative futures based on a spirit of artistic engagement with reality. This year, the residency will be held in collaboration with ACC Sound Art Lab under the theme “Futures of Listening” which is also a long-term project led by ACC Sound Art Lab. As part of the collaboration, the two programs will be jointly organizing creative support programs for participants including talks and workshops by four world-renowned soundscape experts. Based on these, residency participants are to develop and present concepts for individual projects exploring the theme. This will be followed by the actual production and realization of t...
Read more

Radian's Pyramid Platform automates every step of the real estate process

Image
As the real estate industry prepares for the end of the forbearance moratoria, real estate experts anticipate an increase in foreclosures and REO activity. In preparation for this influx, asset managers, servicers and investors need to make sure they have the tools and technology to successfully navigate this unpredictable time. Pyramid Platform, Radian's award-winning asset management technology, can help users quickly adapt to fluctuations in the REO environment. Pyramid Platform automates and organizes every step of the REO asset management process through a secure web-based portal. Pyramid Platform users can customize their REO administration workflow to trigger tasks based on their individual needs. This helps users implement and manage investment strategies, from listing to liquidation. In addition, the Pyramid Platform offers users a variety of other workflows, including replacement deeds, short sales, acquisitions, rental management, and more. "After an un...
Read more

2021 Tradovate Review • Pros, Cons + More • Benzinga

Image
With such a wide range of options available, choosing a futures trading platform can be tricky. Tradovate is an innovative futures broker offering proprietary desktop and mobile trading platforms. Our Tradovate review will help you learn more about the pros and cons of opening an account. Tradovate is a specialized broker that provides users with access to the futures trading market. Unlike some brokers who require traders to fund the purchase of their own trading platform, Tradovate offers its own proprietary platform - and it's surprisingly comprehensive and powerful. Some of our favorite features on the Tradovate platform are the following: Depth of Market (DOM): If you have a trading strategy that relies on quickly executed, frequent trades, you will appreciate Tradovate's DOM feature, which allows you to quickly analyze price information, manage your positions and place orders at increased speed. Cross-platform charting: Not only can you use the Tradovate ...
Read more