The iShares Micro Cap ETF (NYSEARCA:IWC) has declined by 19% year-to-date. However, several penny stocks have witnessed a correction of more than 50% in the last two quarters. Every correction provides investors with a medium to long-term entry opportunity. There are penny stocks trading at a discount that are worth considering at current levels. Investors need to tone down their…
Chris sits down with Charlotte Mcleod from the Investing News Network to discuss the upcoming big move in gold and the stock market in general. Long story short, looking at the quarterly chart, gold has been in a very strong rally since 2019. Though trading in an overall sideways pattern, the bearish stock market may keep pressure on gold and…
With inflation at a 40-year high, it is not surprising that investors in the stock market may be rotating into more defensive sectors. In detail, they may be searching for companies that have the ability to pass on higher costs to consumers. With that, food stocks could be in focus right now as consumers will always need to eat. As…
After a tumultuous first half for the global stock market, you would expect investors to put their money into safer investments. After all, a looming recession, runaway inflation, and an energy crisis are all suggesting investors to dump stocks and look for safer investments such as bonds. But that doesn’t mean that it is all gloom and doom. After all,…
Given the stock market’s performance lately, adding penny stocks to buy (i.e. stocks trading for under $5 per share) to your portfolio may at first glance sound like not the right move. However, today’s market conditions have created a situation where there are many great penny stocks to buy. “Great” in two ways. First, “great” in terms of their fundamentals/prospects.…
After Elon Musk disclosed that he had decided to refrain from buying Twitter (NYSE:TWTR), Digital World Acquisition (NASDAQ:DWAC) stock is rallying 16% in pre-market trading. DWAC stock is a special-purpose acquisition company (SPAC) that has agreed to merge with the Trump Media and Technology Group, or TMTG. TMTG is a social media company founded by former U.S. President Donald Trump.…
One of the worst scourges of our time, experts estimated that nearly two million new cancer cases were diagnosed last year. However, the advent of advanced therapeutics that the coronavirus pandemic engendered bodes well for biotechnology firms like Aprea Therapeutics (NASDAQ:APRE), which on Friday received positive coverage from Wedbush analyst Robert Driscoll. In response, APRE stock is up over 14%…
With volatility persisting in the stock market, investors may be thinking of rotating into lower-risk utility stocks. In fact, with all that has been going on this year, utilities have been one of the few corners of the stock market that has shown resilience. For the uninitiated, the industry includes companies that provide us with electricity, gas, and water. These…
On paper, Wallbox NV (NYSE:WBX) has been one of the best-performing electric vehicle (EV) brick-and-mortar companies. The Spanish-headquartered company continues to report excellent sales and financial results, including record revenue growth in the first quarter of 2022. Despite the raft of good news and strong guidance, Wallbox stock has been, for the most part, trending lower since peaking in November…
It is that time of the year again when U.S. banks are subjected to their annual stress test exercise. A bank stress test is essentially a simulation conducted to analyze how banks would react to adverse market conditions. For instance, a recession or a financial market crash. Fortunately, all the U.S. banks cleared their annual stress test last week. Following…