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4 OTC Stocks to Add to Your Portfolio: ALPP CBTC MJWL SPQS

US stocks have been driven by mixed signals on Wednesday. On the one hand, the upbeat ADP job market data put pressure on stocks amid growing fears that the Fed will reduce the bond-buying program without any hesitation. On the other hand, optimism that Democrats and Republicans will manage to raise the debt ceiling supported the market.

Top US Senate Republican Mitch McConnell said his party would support an extension of the debt limit, which is currently at $28.5 trillion, into December, thus preventing a historical default that would lead the US economy and the whole world into a major crisis.

Jay Hatfield, founder and portfolio manager at Infrastructure Capital Advisors, told Reuters:

“McConnell made some dovish comments about temporarily extending the debt ceiling. That’s going to be interpreted in the short-run as positive.”

The rebound in stocks is capped by fears of a more hawkish Fed after the ADP National Employment Report showed private payrolls rose 568,000 jobs in September, beating forecasts suggesting a rise of 428,000 jobs.

Mike Loewengart, managing director, investment strategy at E*TRADE Financial, stated:

“Positive labor market data comes with the implication that the Fed can tighten policy at a quicker pace. But the fact that hiring is up shouldn’t be discounted — it’s definitely a good thing in terms of recovery.”

The stock market has had some difficult weeks and there is still a lot of tension, but there are plenty of OTC stocks getting ready to make the big moves into the seasonally strong Q4.

OTC STOCKS THE PLACE TO BE

Smart investors know that if you want to make the big money off a small account, the place to be is the OTC Markets. There are many good OTC stocks that can boost your portfolio’s value in the long term. For investors, we preach the key to trading penny stocks is finding momentum BEFORE it happens and ahead of the crowd.

We alert our subscribers with our best ideas before our regular readers. This is the value of having a subscription to Insider Financial, which you can sign up for here.

If you watch the Insider Financial YouTube channel, you can get a sense of the ideal time to book profits. We warned our subscribers not to get greedy or get caught up in the diamond hands/paper hands BS.

We also recommend you own a portfolio of penny stocks. For some, that can be as many as 10 to 20 or more OTC stocks. This provides diversification and allows one to manage the market’s moods much easier. It also helps to own shares in the following 4 hot OTC stocks.

In this article, we look at 4 OTC stocks that will greatly reward patient investors. They are Alpine 4 Holdings, Inc (OTCQB: ALPP), XTRA Bitcoin Inc (OTCPK: CBTC), Majic Wheels Corp (OTCPK: MJWL), and SportsQuest, Inc (OTCPK: SPQS).

OTC stocks #1 ALPP

OTC stocks #2 CBTC

OTC stocks #3 MJWL

OTC stocks #4 SPQS

OTC STOCKS #1 ALPP

Alpine 4 Holdings, Inc has been on the rise since last Friday, with the OTCQB stock gaining over 70% during the last five trading days alone, currently trading at $3.8, which is the highest level since mid-June. The share price peaked in February at over $8 and has consistently declined since then, but it recently broke above the resistance line of the bearish trend for good and is ready for new challenges.

ALPP has been a tremendous success for our subscribers. We first paid attention to this stock in February 2020, when the share price was just $.075 a share.

ALPP owns small market businesses and acquires businesses that fit into its disruptive DSF business model of Drivers, Stabilizers, and Facilitators. It provides electronic contract manufacturing solutions in the US. The company also offers automotive technologies, including:

  • 6th Sense Auto – a connected car technology that provides various advantages to management, sales, finance, and service departments in the automotive dealership industry to enhance productivity, profitability, and customer retention;
  • BrakeActive – a safety device that enhances vehicle’s third brake light’s ability to reduce or prevent a rear-end collision.

Besides this, ALPP provides fabricated metal parts, assemblies, and sub-assemblies to original equipment manufacturers, and designs, fabricates, and installs dust collectors, commercial ductwork, kitchen hoods, industrial ventilation systems, machine guards, architectural work, water furnaces, and others, as well as specialized spiral duct work.

Recently, the company developed its blockchain-enabled Enterprise Business Operating System called SPECTRUMebos.

Its aerospace business, Vayu, Inc., is developing aircraft, conducts research, tests markets, and builds relationships with early adopters, suppliers, and regulatory authorities around the globe. Vayu has conducted flight operations in six different countries, and has partnered with dozens of organizations including Bill & Melinda Gates Foundation, USAID, and Verizon.

Investors are excited about this $500 million company as it plans to get uplisted on NASDAQ. The share price has surged shortly after the company presented its new logo that suggests it’s closer to NASDAQ.

Some investors were worried that ALPP hadn’t provided many updates in the last few months, but the company suggested that it had been advised to stay quiet on social media while working for the uplisting.

Interestingly, the logo submission form is the last item from the document checklist for the NASDAQ listing, and it seems that the major announcement is just around the corner.

OTC STOCKS #2 CBTC

XTRA Bitcoin Inc has bounced back after bottoming out on September 22 at $0.0026, which is the lowest since December last year. The share price has surged by four times since then to peak on Wednesday at $0.011, which is the highest since May. The Pink Current stock peaked in February at over $0.035.

XTRA is a Bitcoin mining company that operates in North America. The $20 million company is focused on expanding operations by increasing its Bitcoin mining hash rate and infrastructure capacity.

The company is leasing 2.5MW capacity and facilities and is currently raising funding to develop a 10MW Bitcoin mining facility in 2.5MW phases.

Investors are excited about the new website that has been updated recently.

Meanwhile, CBTC CEO Paul C Knudson has managed to get the Pink Current status for its real estate business Protocall Technologies, Inc, which demonstrates his ambition and competence.

More importantly, the share price of CBTC has been driven by the surge in the price of Bitcoin itself, which is currently trading near $55,000, which is the highest since May, this becoming a $1 trillion market again.

The largest cryptocurrency by market cap has managed to break above a strong resistance at $48,000, which was tested several times in September and October. Bitcoin benefits from improved sentiment on crypto and increasing concerns that new COVID variants could delay the global economic recovery.

Matt Blom, global head of sales trading at the digital-asset firm Eqonex, said in a newsletter seen by Coindesk:

“If the bulls are looking for a pain point, then the next stop is $60,000, and if they don’t find a pocket of shorts to force out, then confidence will only grow.”

Denis Vinokourov, head of research at Synergia Capital, said that the main factor driving Bitcoin at the moment was the US Securities and Exchange Commission (SEC) Chair Gary Gensler’s statement to Congress on Tuesday that the financial watchdog had no plans to ban cryptocurrencies.

Needless to say, mining profitability benefits from an increase in the Bitcoin price, so CBTC is a winner.

We also like the company’s share structure, with over 2 million outstanding shares against 2.9 million authorized shares. CBTC is a solid crypto play to own.

OTC STOCKS #3 MJWL

Majic Wheels Corp is another crypto play, and this is one of the OTC stocks that we recommend holding. The share price of MJWL has not performed quite well during the last few months, but this is a great opportunity to buy the dip. At the time of writing, the price hovers above $0.09, down 10% over the last month. The OTC stock peaked at the beginning of July at over $0.25, surging over 13,000% since the beginning of the year. We presented our bullish case for MJWL in May when the OTC stock was trading at only $.014 a share.

Majic Wheels turned to fintech and software markets after discontinuing its waste management business.

Earlier this year, MJWL acquired CGCX Ltd, a cryptocurrency exchange and custody service platform generating $150 million in revenue. In April, CGCX launched its first insured over-the-counter (OTC) crypto trading desk in India, offering traders a direct medium of exchange. Besides the India Crypto Exchange, it generates revenues from the Custody Solutions and the Crypto Mining business lines.

But Majic doesn’t stop here. On October 1, the $180 million company said that it had signed a letter of Intent (LOI) to acquire a majority interest in Bamboo Wellness Holdings Limited. Bamboo Blockchain and Analytics Competency Center aims to create a holistic healthcare ecosystem that will drive a data-driven decision-making model. Supported by artificial intelligence (AI) and machine learning, the Bamboo ecosystem aims to drastically bridge the health protection gap and bring insurance to everyone.

According to a market size, share & trends analysis report by Grand View Research, the global insurtech market size was valued at $2.72 billion in 2020 and expected to expand at a CAGR of 48.8% from 2021 to 2028.

Bamboo’s business model derives its incomes streams from several product offerings:

  • Smart Contracts for Life & Health Insurance
  • Smart Contracts for Agriculture Insurance
  • (RE)Insurance Profit Commissions Sharing
  • Food Traceability
  • Network Fee
  • Data Insights

Bamboo Wellness co-founder and executive chairman Ian Lim Teck Soon said:

“Blockchain as a technological infrastructure to create value for users and shareholders is part of our DNA. With this first step towards becoming part of the Majic family, we expect our combined journey to take us further and higher than we ever imagined when we first started Bamboo.”

So far, the share price hasn’t reacted to the news at all, but Majic is quietly expanding. The company said that another acquisition would be announced within two weeks:

OTC STOCKS #4 SPQS

SportsQuest, Inc has been on the rise, almost tripling in price during the last five days alone. The OTC stock has surged over 1,200% over the last month, currently trading at $0.0135, after peaking on Tuesday at $0.017, which is the highest in a decade. Thanks to the tenfold increase, SPQS is now a $60 million company.

The company updated its financials with the OTC Markets only recently and now goes with the Pink Limited Information status, and it will become Pink Current soon.

SPQS operates a smart wireless devices sales and distribution business from New York. It resides at the center of the convergence of connected and smart building technologies. Its intelligent sensor technologies perform advanced computing functions at the edge level and can also integrate to larger, data analyzing platforms. The company also operates a finance division from the Florida location and is exploring the opportunities in sports and entertainment sector.

Investors are excited about SPQS as the company said that it was working on two merger deals. The company’s website reads:

“The second planned merger is with a well-known (and we mean well-known) personal transportation vehicle that can best be defined as a unicorn or a business on the verge of a $1 billion dollar value.”

It’s one billion with a b! The news is huge, but we don’t know anything at the moment.

Besides that, SPQS plans to buy a minor league baseball franchise. The pandemic has created a climate for buying low and selling high, so the company decided to acquire a minor league team for a fraction of its true worth. Prior to COVID, revenues were in the millions of dollars.

All in all, SPQS is really onto something, and you can still buy this OTC stock at a low price. One of the mergers is in the final stages, and if it turns out to be the $1 billion business, the sky is the limit for this stock which by the way has a great share structure.

THE FINAL NOTE

All of the 4 OTC stocks discussed today are on the rise and are good stocks to hold. Nevertheless, our best advice is to be patient and enter the market during corrections. Buying dips and selling rips as swing trades remains the best strategy in the penny stock market. Still, whenever a penny stock is in the middle of a bull run, we recommend our subscribers to book profits.

It’s very important to eye the best OTC stocks that have room for growth and have yet to make their explosive move. There are plenty of opportunities, and we take our time to monitor hundreds of penny stocks to buy each week, trying to find the best alerts for our subscribers.

Remember, all you need is one or two penny stocks to succeed in order to crush the market averages.

As always, good luck to all (except the shorts)!

WHEN INSIDER FINANCIAL HAS A STOCK ALERT, IT CAN PAY TO LISTEN. AFTER ALL, OUR FREE NEWSLETTER HAS FOUND MANY TRIPLE-DIGIT WINNERS FOR OUR SUBSCRIBERS. WE SPECIALIZE IN FINDING MOMENTUM BEFORE IT HAPPENS!

Disclosure: We have no position in any of the securities mentioned. We wrote this article ourselves and it expresses our own opinions. We are not receiving compensation for it. We have no business relationship with any company whose stock is mentioned in this article. Insider Financial is not an investment advisor and does not provide investment advice. Always do your own research and make your own investment decisions. This article is not a solicitation or recommendation to buy, sell, or hold securities. This article is meant for informational and educational purposes only and does not provide investment advice.

4 OTC Stocks to Add to Your Portfolio: ALPP CBTC MJWL SPQS
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