The US stock market, including OTC stock indexes, is flashing red after the Federal Reserve turned hawkish during its Wednesday meeting. Obviously, the central bank left the interest rate at 0.25% as expected, but it said it was expecting to increase it in 2023, about one year earlier than initial projections. The Fed cited a better economy supported by the vaccine rollout.
Brian Coulton, the chief economist at Fitch Ratings, stated:
“The central case growth and inflation expectations for the next couple of years have not changed by much since March, but there is an explicit recognition that the vaccination program has reduced the risks to the economy from the health crisis. Against that backdrop the projections show that the Fed will have achieved both its inflation and maximum employment goals by 2023, warranting a start to interest rate normalization.”
The statement caused a visible correction in stocks, as both blue-chip and small-cap indexes turned red.
Still, the decline is temporary and actually quite needed for a market that has been hovering at its all-time high for a while. The economy is recovering and that’s the most important thing to consider.
NOW IS A GREAT TIME TO BUY OTC STOCKS
This is a great time to invest in OTC stocks, as the US and the global economy are gradually recovering from the devastating impact of the COVID-19 pandemic.
With blue chips, you can’t generate substantial returns given their massive market cap. One option would be to employ leverage, but it is risky, and there are few brokers and trading instruments that allow leverage on major stocks.
The good news is that there are OTC stocks with robust fundamentals that are trading at bargain prices, and we’re here to bring them to light.
Generally speaking, trading OTC stocks is much easier than getting exposure to blue chips. You don’t need a big account, and it’s technically extremely easy to make the first steps. All you need is a laptop and a brokerage account.
Nevertheless, you should keep in mind that small-cap stocks are subject to enormous volatility like what we have witnessed in the February-April period.
Also, remember these two important points when it comes to investing in small caps.
- Buy low and sell high.
- Don’t be afraid to book profits.
However, don’t rush to book profits too early.
Finding the right balance is not that difficult if you’re not getting too greedy and stay disciplined.
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.
The key to trading small caps is finding momentum BEFORE it happens and then be patient. Now, when we say that we find momentum BEFORE it happens, we are investors looking to position our subscribers BEFORE the move happens.
We recommend you to own a portfolio of small-cap stocks. For some, that can be as many as 10 to 20 or more OTC stocks. Obviously, our recommendation to build a portfolio means that day trading is not an option for us. Day trading doesn’t suit our personality, and we don’t like the intraday moves markets make. We have found we made more money being patient and ignoring the day-to-day noise of the markets.
We always alert our subscribers first before we publish for our regular readers. This is the value of having a subscription to Insider Financial, which you can sign up for here. We alert our subscribers with our best ideas before our regular readers.
Today, we’ll share 4 OTC stocks that haven’t previously been covered. They are Alternet Systems, Inc. (OTCPK: ALYI), Cantech Holding Inc (OTCPK: BSSP), Image Protect Inc (OTCPK: IMTL), and Sun Pacific Holding Corp (OTC: SNPW).
OTC Stock to Watch #1 ALYI
Alternet Systems, Inc. is confidently uptrending after breaking above key resistance at 4 cents. At the time of writing, the OTC stock is trading at $0.059, up 60% on June 17 and up over 50% over the last five days. ALYI has just touched the highest level since the beginning of May, but it has much room to go up until the year-to-date peak touched in mid-February at over $0.16.
ALYI used to be a fintech firm focused on digital payments and data analytics, but it redirected to electric mobility a few years ago. It has developed a comprehensive, long-term electric mobility business strategy focused on Africa’s Sub-Saharan market. The strategy is about producing its proprietary ReVolt Electric Motorcycle meant to perform in a rugged environment and be able to support the multi-passenger ride-share industry in Africa already recognized by Uber and Lyft.
The company has advanced from managing a portfolio of patented lithium technologies and maintains initiatives in alternative energy storage research and development and energy storage needs specific to military applications. ALYI’s three main products lines are:
- Energy storage – ALYI is building a portfolio of Lithium technologies in partnership with a Fortune-500 company, though it explores other energy storage options as well, such as graphene-based supercapacitors.
- Electric vehicles – the company already has a product – it’s the ReVolt Electric Motorcycle, which has been developed through several pilot phases. An industrial engineering firm is now designing the manufacturing capacity to mass-produce the motorcycle. ALYI says it’s only its first electric vehicle, and it’s currently working on electric delivery trucks built for the Sub-Saharan market.
- Military apps – ALYI’s management team has the first-hand experience with many of the military, special operations, and clandestine uses of batteries. It is familiar with many of the vendors that provide the military with current contained power solutions today. The management team has conducted training operations with small nation-states to empower those entities to support the UN’s consensus on allied sovereign authority.
On June 16, the company announced that it had completed a scheduled review of its electric motorcycle development program with the dedicated design team from MODUS Applied Innovations. MODUS is working with iQSTEL on connected, state of the art, electric vehicle technology in support of ALYI’s overall electric vehicle program objectives. ALYI management is working on a shareholder update on the EV Rideshare and Self-Drive Rental pilot program to be published this Friday, June 18, 2021.
More importantly, the company has an order to deliver 2,000 electric motorcycles in Kenya to be deployed into the motorcycle taxi (boda) market. The first delivery schedule for July is intended to support a first phase, pilot rollout of the ride-share service. The motorcycle ride-hail market in Africa is estimated at $4 billion.
Besides its pilot ride-share service starting in July, ALYI plans to introduce a self-drive rental program. Specifically, ALYI plans to rent its electric motorcycles in Kenya that can be unlocked via a mobile phone app.
We think that this Pink Current OTC stock deserves investors’ attention given that the company has a working product delivered in a market with relatively low competition, it collaborates with a Fortune 500 company, and it is confidently expanding.
OTC Stock to Watch #2 BSSP
Another OTC stock on the rise is Cantech Holding Inc, formerly known as Bassline Productions Inc and Reve Technologies Inc. The price has surged by over 125% on June 17 and has gained over 190% during the last five days to trade at $0.0032. It peaked on June 16 at $0.0037, which is the highest level in over 5 years.
The company is working to become Pink Current, and that means that something big might happen. We think that such opportunities should be eyed by investors in the first place because OTC stocks seeking to become current are onto something and can increase in value by several times.
On June 14, BSSP said that it had updated its corporate filings on the OTCIQ system and intended to become OTC compliant by retaining a Pink Sheet current listing in order to create a path towards revamping its corporate identity with a directive towards acquiring operating assets within its holding company. While we don’t know anything about the potential merger or acquisition, but it’s something to keep an eye on.
Cantech was previously operating in the medical and pharmaceutical industries. Nevertheless, most recently, the company was exploring several opportunities in other industries.
We still don’t know much info about BSSP’s plans, but one thing to consider is that Harry H. Zhabilov acts as BSSP’s treasurer and chief science officer, while Diana Zhabilov (probably his wife or relative?) is the company’s president.
Well, Harry Zhabilov is also chief scientific officer and founder of Enzolytics Inc, one of the best-performing OTC stocks in 2020-2021, on which we reported on several occasions. We still don’t have any official confirmation about a potential merger, but the connection is meaningful.
OTC Stock to Watch #3 IMTL
Image Protect Inc has been bullish in June, gaining over 77% over the past 5 days alone. The OTC stock is now trading at $0.0071. IMTL peaked in mid-March at about two cents on the hype around non-fungible tokens (NFTs).
On June 11, the company became Pink Current again.
$IMTL is back to PINK CURRENT status.
— ImageProtect (@ImageProtect) June 11, 2021
IMTL is promoted as a media company that focuses on microcap news, information, and disclosure, as well as crypto, blockchain, and digital assets. IMTL recently acquired OTC PR Wire, LLC, a revenue stage service provider and news platform catering to microcap and small-cap companies on a global scale.
IMTL also has a digital asset library and proprietary technology through its subsidiary Fotofy. It is building an NFT marketplace, which will be launched in the coming months.
On June 15, IMTL launched Mcap MediaWire, a full-service press release distribution, publishing, and multimedia solutions company focused on issuers and investors in the microcap space. The product is led by IMTL’s division McapMedia LLC, which has been rebranded from the recently acquired OTC PR Wire LLC – an established multimedia/publishing firm with an expanding client base and revenues of over $500,000 as of 2020.
Official Launch of @mcapmediawire – $IMTL @ImageProtect @WeAreFotofy @PreyaCo Image Protect, Inc. Announces Official Launch of Mcap MediaWire: Expansive Press Release Dissemination and Multimedia Solutions for Microcap Companies and Investors https://t.co/5zlUJxIdcd pic.twitter.com/r2eJKx0QnI
— Mcap MediaWire (@mcapmediawire) June 15, 2021
Mcap MediaWire produces, contracts, and publishes several content assets for microcap firms, including CEO/executive interviews, press releases, disclosure statements, video news, and more. It plans to expand its portfolio of offerings to include loyalty programs, hosted shareholder town halls/meetings, social media management, professionally produced podcasts for clients, and more.
CEO Larry Adams commented:
“We are thrilled with the acquisition and launch of Mcap MediaWire and the potential it holds for growth and overall shareholder value.”
Meanwhile, IMTL is working on launching its NFT marketplace through Fotofy, a free photo share site that pays both creators and publishers when an image is used online. Fotofy is developing a portfolio containing celebrity NFTs. All Fotofy celebrity NFTs are unique images created by an elite team of creators, such as Idris Erba, who’s been the exclusive photographer for Jaime Foxx, Floyd Mayweather, Cristiano Ronaldo, and Dwayne Johnson, among others.
All in all, we think that IMTL is poised to expand thanks to its newly launched product and the NFT marketplace to be launched soon. Also, the company is Pink Current again and confirmed that it didn’t plan any reverse split.
OTC Stock to Watch #4 SNPW
Sun Pacific Holding Corp has recently broken above a key resistance line at 3 cents, gaining 50% during the last five days and over 110% during the last month. The OTC stock is now trading at $0.043, the highest level since mid-April. SNPW has been correcting since late January when it hit 20 cents, but it’s about 2,000% up year-to-date and has the potential to potentially update the YTD peak.
The $46 million company promotes itself as a green energy firm focusing on solar and waste-to-energy technologies. It is working to deploy its subject matter expertise and experience in green energy solutions to design, develop, build, and manage advanced green technologies that support renewable energy solutions.
Sun Pacific has several subsidiaries, including Sun Pacific Power Corp, Street Smart Outdoor Corp, Medrecycler Inc, Bella Electrical LLC, National Mechanical Corp, and Sun Pacific Security Corp. The company’s solar power bus shelters and energy-efficient lighting solutions provide clients with ready-to-use systems that cut the costs of ownership while being environmentally friendly.
— Sun Pacific Holding Corp (@SunPacificPower) June 14, 2021
On June 15, Sun Pacific announced that its wholly-owned subsidiary, National Mechanical Group, had entered into a partnership agreement to develop Queensland Australia Solar Farm. National Mechanical Group and Renewable Energy Engineers Aust. (REEA) will develop an initial 100-megawatt solar farm in Queensland, Australia, to help the energy grid in that area.
The team has received a lands rights agreement for 750 acres and one power purchase agreement for the solar farm and is in discussions with component manufacturers and investment partners.
Sun Pacific CEO Nicholas Campanella commented:
“We are excited to work with the team at REEA in developing this opportunity and more in Australia. The initial discussions and development so far have been successful, and we look forward to developing this opportunity for all of our stakeholders.”
— Sun Pacific Holding Corp (@SunPacificPower) June 16, 2021
The announcement proves SNPW’s ambition to expand its company. In March, the company updated its shareholders, providing a positive outlook for 2021. SNPW is also working on a 50-megawatt solar farm project in Durango, Mexico, following a delay caused by the pandemic.
THE FINAL NOTE
Today is a great opportunity to benefit from the stock market’s bullishness and invest in OTC stocks with great potential during a reviving economy. Our job is to identify the best OTC stock alerts with strong fundamentals and let our subscribers pick the ones they like to build a well-diversified portfolio oriented at penny stocks.
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 an OTC stock is in the middle of a bull run, we recommend our subscribers to book profits.
It’s very important to eye 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 OTC 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.