Government and private data continue to suggest that the US economy is recovering, with many small businesses restarting operations.
On Thursday, the Labor Department said that the number of initial jobless claims had declined for the third straight week, which is a good sign for the job market. Applications for unemployment benefits fell 12,000 to 375,000, in line with expectations.
Meanwhile, fresh concerns related to COVID-19’s Delta variant caused the US consumer sentiment to plummet to the lowest level in a decade early this month, which was quite unexpected. The preliminary reading declined to 70.2 from 81.2 in July. There have been only two larger declines in the index over the past 50 years.
Andrew Hunter, an economist at Capital Economics, said:
“The renewed plunge suggests the latest wave of virus cases driven by the Delta variant could be a bigger drag on the economy than we had thought.”
The pandemic may indeed become a problem again, but full lockdowns will likely be avoided, especially given the massive vaccination campaign. Despite the economic struggles, this is a great time to invest in OTC stocks, with stock indexes fluctuating their all-time highs.
OTC MARKETS THE PLACE TO BE
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 hot OTC stocks is finding momentum BEFORE it happens and then be patient.
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 OTC 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 trending OTC stocks gaining momentum.
In this article, we look at 4 OTC stocks to watch that will greatly reward patient investors. They are DMG Blockchain Solutions Inc (OTCPK: DMGGF), Cybernetic Technologies Ltd (OTCPK: HPIL), Labor Smart, Inc (OTCPK: LTNC), and Trans Global Group, Inc (OTCPK: TGGI).
OTC Stocks to Watch #1 DMGGF
DMG Blockchain Solutions Inc has been on the rise these days, gaining over 23% over the last five days and more than 85% since mid-July to trade at $1.06. The price touched a swing high on August 10 at $1.18, which is the highest level since April. The share price of the penny stock exempt company hit its year-to-date high in February at over $3.6.
DMG is a blockchain and cryptocurrency company, and it has partially benefited from the general bullish trend of the crypto market, with Bitcoin surging about 14% during the last seven days. Another reason why the DMGGF has been bullish has to do with the company’s new appointments. On Wednesday, DMG announced that Heather Sim had been named Chief Financial Officer (replacing Ryan Cheung, formerly CFO and Corporate Secretary) and John Kim as Corporate Secretary.
DMG is not quite popular on social media, although the OTC stock has great potential thanks to the company’s crypto operations. DMG manages, operates, and develops end-to-end digital solutions to monetize the blockchain ecosystem. Its businesses are segmented into three main divisions:
- Data centre operations, which focus on earning revenues from block rewards and transaction fees by mining primarily Bitcoin, as well as providing hosting services for industrial mining clients.
- Data analytics and forensics services provide technical expertise software products such as Blockseer Pool, Mine Manager, and Walletscore, as well as working with auditors, law firms, and law enforcement organizations.
- Developing enterprise blockchains – DMG’s permissioned blockchain technology is focused on developing enterprise software for the supply chain management of controlled products.
DMG’s strategy is to become the domain experts across the business verticals it focuses on.
We are quite bullish on DMG, considering the expected rapid growth of the cryptocurrency industry, despite regulatory risks.
We like that DMG is ambitious and working on expanding its operations, which are already well-diversified. At the end of July, DMG said that it had been engaged by a new client to host 2,000 Bitcoin miners. All miners were expected to arrive at DMG’s 85 megawatt (MW) Christina Lake, BC Data Centre, at the beginning of August. Mining is a profitable activity right now, with Bitcoin mining difficulty dropping to the lowest level in months after China’s crackdown on local miners.
OTC Stocks to Watch #2 HPIL
Cybernetic Technologies Ltd has been one of the hottest OTC stocks these weeks, as the company is getting ready to become Pink Current. The share price has increased by over 55% during the last five days, currently trading close to the June high at almost one cent, which is the highest level since 2017.
Insider Financial readers know that companies with pending applications to become Pink Current can provide massive returns. We first reported on HPIL for our subscribers at the beginning of June when it was trading at just $.002 a share.
We believe that HPIL is still undervalued despite the recent price surge. HPIL CEO Stephen Brown is developing a fast-growing business through multiple partnerships and acquisitions. The company rebranded from HPIL Holding to Cybernetic Technologies only recently, and now it focuses on several technologies, including blockchain, which will continue to attract much interest in the years to come.
A few months ago, HPIL acquired 100% of NFT Procurement Ltd, which already partnered with Origin Protocol, a well-known blockchain project focused on non-fungible tokens (NFTs) and decentralized finance (DeFi). NFT Procurement will NFTs and offer them for sale to third parties on a website created by Origin and displaying its IP on a dot-com subdomain owned by HPIL. NFT Procurement launches its first NFT auctions on August 17. The first three auctions are nftjanisjoplin.com, nftspicegirls.com, and nftmarilynmonroe.com.
In June, HPIL acquired World Gaming Group Inc, which had been working on blockchain projects and had developed “GAMEZCASH” and “TUNEZCASH” – two tokens to be used as a new form of currency in the esports/gaming world and the online music industry. Previously, World Gaming Group announced that it had finished building ZIPPA – a unique multi-gaming global platform for gamers that is set to launch on September 1. The platform is about to compete with the likes of ‘TWITCH’,’TIKTOK’ and ‘TRILLER’.
Also in June, HPIL launched a new subsidiary called Medusa Intel Technology Ltd, which aims to tap into the world of Artificial Intelligence (AI) along with select partners the company has been working with for the past few months. Two days later, Medusa said that it would launch META DATA ANALYTICS – a tracking program for the entertainment industry.
Meanwhile, HPIL is also working on its own electric vehicle. Recently, it partnered with a group led by L. Ferrox Tutinean to launch Apogee Dynamics Ltd – a company that Cybernetic Technologies is a majority owner of. HPIL said it was developing its own electric vehicle called APOGEE D7, using the powertrain developed by Tutinean and Apogee Dynamics Ltd. In mid-July, HPIL signed an NDA with ANSYS (https://www.ansys.com/) to enter into discussions about how the two will work together on Apogee D7 and its Power Train Management System, currently in development.
On August 11, HPIL said that its application with the OTCIQ had been approved effective immediately. CEO Stephen Brown said:
“The Company will now remain as a parent holding company to the divisions: Cybernetic Technologies, Apogee Dynamics, NFT Procurement, World Gaming Group and Medusa Artificial Intelligence.”
So we have a company that is about to become Pink Current and is operating in blockchain, AI, and NFT industries while starting operations for its own electric vehicle. Is there anything better than this?
OTC Stocks to Watch #2 LTNC
Labor Smart, Inc has been performing well this week, gaining 128% since Monday and about 62% during the last month. Currently, the OTC stock is trading at $0.016 after touching a swing high at $0.018, which is the highest since mid-June. Still, there is much room for growth until the YTD high at $0.08.
LTNC is seeking to become Pink Current, and it already has a trusted transfer agent.
At the beginning of the year, LTNC acquired Takeover Industries, which produces sports drinks, such as NXT LVL hydrogen water. It is currently one of the company’s main operations and a major step to diversify the company’s business from its personnel services.
Shortly after LTNC acquired Takeover Industries, the latter signed an MOU to create a joint venture with Faith Springs, LLC, doing business as H2ForLife. LTNC secured a minority stake in Faith Springs and will benefit from exclusive rights to sell and promote all hydrogen drinks powered by H2forLife® technology for a period of two years. The statement reads:
At the end of April, Takeover Industries signed an endorsement deal with boxing legend Manny Pacquiao and The Manny Pacquiao Foundation.
On August 9, Takeover Industries said that its product would be available at retail powerhouse Hy-Vee stores across the Midwest. The company will distribute its NXT LVL Hydrogen Water to Des Moines-based Hy-Vee’s chain of 265 grocery stores and 175 convenience shops throughout Iowa, Illinois, Kansas, Minnesota, Missouri, Nebraska, South Dakota, and Wisconsin.
— SniperTrades (@Snipertrades_) August 12, 2021
Thus, in only a few months, Takeover has managed to launch its NXY LVL brand, partner with Pacquiao and Jacksonville Jaguars Chris Manhertz, and launch three products into the US market. LTNC through its new subsidiary has become more active and visible. The company has an active social following centered around the #LTNCArmy hashtag. As we saw what can happen with GameStop and DOGE cryptocurrency, social is indeed driving asset prices these days.
OTC Stocks to Watch #4 TGGI
The share price of Trans Global Group, Inc has doubled since the beginning of the month, with most of the gains coming during the last few days. The OTC stock is now trading at $0.0043, up 90% over the last five days. It hit a swing high on August 12 at $0.0056, the highest level since April.
Investors have been waiting for a reverse merger, although nothing was officially confirmed since our latest mention of TGGI.
Trans Global used to be a green company that focused on the renewable energy and solar energy sector. After a major restructuring, it now considers itself to be an investment company. According to a recent SEC filing, the company reiterated its plan to acquire companies operating in China’s liquor industry, and this leads us to believe a reverse merger is on the horizon.
The new CEO, Ren Chen owns a wine/liquor firm in China that is listed on the Shanghai Market. Previously, he wanted to get listed on the NASDAQ but failed with his $6 billion Chinese firm, so he acquired TGGI to turn it into his wine company and list it on NASDAQ. The current market cap of TGGI is $30+ million, so there is much room for growth after the reverse merger happens, especially with the NASDAQ goal. This might be one of a kind opportunity for investors.
— ClairvoyantAlphaTrader (@ClairvoyantINVT) August 11, 2021
We expect some big press releases to be published, so make sure you hold TGGI by that time, as the share price will explode following the reverse merger news.
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 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)!
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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.