The US economy has recovered to pre-pandemic levels, but the surge of COVID-19 cases due to the Delta variant might reduce the pace of GDP growth.
On Tuesday, the US Centers for Disease Control and Prevention extended a federal moratorium on evictions affecting 90% of the US for 60 days. The move is meant to curb the spread of COVID and support residents who have been impacted by the pandemic. Senate Majority Leader Chuck Schumer (Democrat) said:
“I applaud the CDC for imposing an eviction moratorium for the vast majority of the population. For anyone to lose their home through no fault of their own is devastating.”
Meanwhile, the New York Federal Reserve said that US consumers’ demand for new debt increased in Q2 and credit card use bounced back. Total household debt rose $313 billion in Q2 to $14.96 trillion. Mortgage debt was the main driver, rising by $282 billion to $10.44 trillion by the end of June.
Joelle Scally of the New York Fed said:
“We have seen a very robust pace of originations over the last four quarters with new extensions of credit for mortgages and auto loans combined with rebounding demand for credit card borrowing.”
All in all, the latest data shows that consumer spending is increasing, pointing to a reviving economy, even though hiring doesn’t keep the pace. With so much free money injected by the Fed, the best you can do is to invest, and OTC stocks currently show the greatest return.
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 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.
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.
Today, we’ll look at 4 OTC stocks to watch that will greatly reward patient investors. They are Healthier Choices Management Corp (OTCPK: HCMC), KYN Capital Group, Inc (OTCPK: KYNC), Net Savings Link, Inc (OTCPK: NSAV), and Wearable Health Solutions Inc (OTCPK: WHSI).
OTC Stocks to Watch #1 HCMC
Healthier Choices Management Corp has seen its share price correcting since mid-February when it touched the highest level in many years at $0.0049. After months of bearish pressure, it seems that the OTC stock is getting ready for another bull run that may send its prices much higher, though everything depends on one particular event. We explained why HCMC is one of the best OTC stocks to hold, including in a dedicated post.
Healthier Choices Management provides consumers with healthier daily choices relating to nutrition and other lifestyle alternatives. The company is operating through at least three wholly-owned subsidiaries as follows:
- HCMC Intellectual Property Holdings, LLC – through this subsidiary, HCMC is working on expanding on its intellectual property (IP) portfolio. The company operates nine retail vape stores in the Southeast region of the US, through which it sells e-liquids, vaporizers, and related products.
- HCMC operates Ada’s Natural Market, a natural and organic grocery store, through its subsidiary Healthy Choice Markets, Inc.
- Healthy Choice Markets 2, LLC operates Paradise Health and Nutrition, stores that provide fresh produce, bulk foods, vitamins and supplements, packaged groceries, meat and seafood, deli, baked goods, dairy products, frozen foods, health & beauty products, and natural household items.
- Through Healthy U Wholesale, Inc, the company sells vitamins and supplements on the Amazon.com marketplace.
HCMC also promotes its Q-Cup patented technology under the vape segment, which is based on a small, quartz cup called the Q-Cup, which a customer can buy already filled by a third party or can partially fill themselves with either cannabis or CBD concentrate, also purchased from a third party. The Q-Cup can then be inserted into the patented Q-Unit, which heats the cup from the outside without coming in direct contact with the solid concentrate.
At the end of July, HCMC announced that it had been granted a patent entitled ‘Electronic Vaporizer Cartridge with Encased Heat Source’, which covers novel HCMC technology directed at a vaporizer cartridge with internal components encased in a non-reactive material such as quartz, ceramic or the like. This process avoids a potentially toxic reaction between e-liquid, cannabis or CBD oils, or other substances, and the heated metal components of the cartridge.
HCMC CEO Jeff Holman said:
“The issuance of this patent is significant in our attempts to make vaping safer. Essentially, this patent is technologically the reverse process of our previously issued patents for our Q-Cup technology.”
He explained that liquids and oils may act as solvents when they sit in direct contact with a metal coil, thus leeching out heavy metals which can then be ingested during the vaping process.
However, while HCMC has many products and operations, investors are particularly interested in the company’s patent infringement lawsuit against Philip Morris (PM). On July 23, the District Court for the Northern District of Georgia granted Philip Morris USA, Inc. and Philip Morris Products S.A.’s motion to dismiss HCMC’s patent infringement action against them. Nevertheless, the company doesn’t give up – it has fourteen days to file a motion for leave to file a further amended complaint, which it intends to do. The entire case is about whether PM’s IQOS device combusts and if HCMC can prove that it does so.
$HCMC The judge granted PM's motion to dismiss. BUT, but, but, he gave HCMC a chance to file an updated (amended) complaint. This means that really, HCMC has to add the stuff they were missing and refile it (alleging combustion basically) and it probably goes through. More soon.
— jawsomesauce (@TheJawsomesauce) July 23, 2021
Thus, the next few days will be exciting, with the share price of HCMC expected to become more volatile. As we said before, HCMC is a lotto play that can pay off huge depending on its lawsuit against PM. We will be updating our subscribers about the lawsuit as soon as we know more.
OTC Stocks to Watch #2 KYNC
KYN Capital Group, Inc. is extending its gains, currently trading near the highest level since October 2018. The OTC stock has increased by 117% during the last five days, touching a peak at $0.034 before correcting to the current level at $0.03.
Everyone is excited about KYNC because it is launching its cryptocurrency exchange, which is expected to be massive.
Getting close to a launch date for Koinfold exchange trading app. $kync
— Kyncap (@kyncap) August 3, 2021
KYNC has turned into a $140 million business after restructuring. It has managed to surge by over 3,600% since the beginning of the year. We introduced our subscribers to KYN Capital at the end of May when the penny stock was fluctuating near one cent. KYNC has a great share structure and we believe it may continue with its bull run in the months to come.
This is a small company that has recently become Pink Current and is in the process of expanding its new business after a major restructuring. It has repositioned itself to be a holding company for acquisitions and technology development in the entertainment, professional sports, blockchain, cryptocurrency, and NFT (non-fungible token) markets. The company changed its name from New Taohuayuan Culture Tourism Co, after dismissing its business related to capital finance leasing services for cars and trucks, construction equipment and tools, and earth moving equipment.
At the beginning of June, the company announced the launch Koinfold™, a future-forward crypto app suite, which goes live later this week. It lets users trade cryptocurrencies at low fees directly from their smartphone. It has all the tools to buy, sell, or store cryptocurrency securely.
At the same time, KYNC also announced Koinfoldpay, a contactless crypto payment gateway for businesses, which allows them to receive Bitcoin, Ethereum, Bitcoin Cash, and Litecoin for online payments. Several days after the launch, KYNC presented its Koinfold Debit Card, which is designed to be directly linked to the user’s Koinfold account.
Koinfoldpay is about to expand rapidly, with many businesses already looking to integrate it into their systems.
Things are moving quickly and on schedule with Koinfoldpay. Our pipeline of companies looking to use Koinfoldpay for crypto payments is growing rapidly. This market is huge and we expect hundreds of thousands of users on our payment gateway. $KYNC https://t.co/UWp2Pzg1xf
— Kyncap (@kyncap) July 28, 2021
Later this month, KYNC is launching the Koinfold crypto exchange, which is expected to generate massive revenues.
Thus, KYNC is fully launching its two main products – Koinfold exchange and Koinfoldpay – and we expect the share price to reflect the rapid adoption of these great platforms.
We’re impressed by how fast KYNC is growing and developing its products. The company has managed to come with some great platforms weeks after restructuring. More importantly, KYNC is tapping into the fastest-growing industry. KYNC is one of the best OTC stock picks for your portfolio.
OTC Stocks to Watch #3 NSAV
Net Savings Link, Inc. is another extremely bullish OTC stock, and it’s also launching a cryptocurrency exchange relatively at the same time as KYNC. It’s really a great time to fill your pockets with crypto stocks! Our subscribers who bought into this penny stock after our several recommendations on NSAV can now take hefty profits. Since the beginning of July, the OTC stock has surged by 871%, with NSAV becoming a $565 million company.
As we see it, NSAV is one of the most promising crypto runners on OTC markets. The company is about to launch its proprietary cryptocurrency exchange. On Monday, NSAV broke above the psychological level of 10 cents, hitting $0.12, which is the highest level in 10 years. The recent Bitcoin rally has also contributed to the bullish sentiment.
In mid-July, NSAV said that it would launch its cryptocurrency exchange on August 9. It will own 100% of the exchange, which will carry the NSAV brand name. The company added a countdown timer to its website, https://nsavholdinginc.com/.
The exchange is led by NSAV Director, Yuen Wong, who is also the CEO of LABS Group Limited – the world’s first end-to-end blockchain-powered real estate investment ecosystem. He is also a managing partner at Bitmart, a crypto exchange with 2+ million users worldwide and ranked on CoinMarketCap.
At the same time, VirtuaBroker, which NSAV acquired a few months ago, continues to run as a crypto investment platform powered by AI and offering a full range of trading services, including portfolio management and price search function.
NSAV is becoming a fully integrated technology company that offers turnkey technological solutions to the cryptocurrency, blockchain, and digital asset industries. Over time, the company intends to provide a wide range of services related to software solutions, e-commerce, financial services, and information technology.
We have high expectations of NSAV, which will become the second public company in the US after Coinbase operating a crypto exchange. The company has a great share structure and is growing rapidly. Earlier this week, NSAV said that it would enter the North American blockchain market. At this point, the company has partnered with Silverbear Capital Inc and others.
OTC Stocks to Watch #4 WHSI
Wearable Health Solutions Inc has been trading within a horizontal channel since the beginning of the year, trying to break and consolidate above a strong resistance line near 3 cents on several occasions, though it always pulls back. On Monday, the OTC stock hit $0.0304, getting close to the year-to-date high of $0.031 reached in mid-February, but it eventually gave up to the current level of $0.0188. Still, it’s an OTC stock with great long-term potential. You should be ready when it consolidates above three cents.
The Pink Current company produces medical alarm devices that are used to summon help in the event of an emergency for users. The products and innovative solutions are designed and marketed primarily to the elderly, physically disabled, and individuals living alone.
WHSI’s flagship product is MediPendant – a personal emergency alarm that is used to summon help in the event of an emergency at home. Today, about 60% of all medical alarms sold in the US are first-generation technologies that require the user to speak and listen through a central base station unit. Medipendant offers a speaker in the pendant enabling the user to speak and listen directly through the pendant in the event of an emergency.
Meanwhile, the company is implementing a new product called iHelp MAX. This device is a cellular medical alert system, blue tooth and Wi-Fi enabled, that operates on a 4G network. Operating capabilities commence on AT&T network (GSM-Global) with further capability on Verizon (CDMA-USA) as well. The iHelp MAX device showcases new features, functionalities, fall detection, and geo-fencing, referencing the ability to pre-set an area and alert loved ones if the device user enters or leaves a pre-determined area.
The device will serve mostly baby boomers and address the growing markets of Telehealth needs and services, thereby helping reduce healthcare insurance costs.
Last year, WHSI acquired certain assets from Hypersoft Ventures, along with Boapin.com, a commodities trading platform and registry that was initially designed and marketed to promote and increase trade between Brazil and China.
BOAPIN is a technology platform meant to support the import and export trade sector by delivering innovative business-to-business (B2B) solutions levering technologies like blockchain, big data analytics, and artificial intelligence (AI). The goal of this B2B cross-border e-commerce platform is to grow global trade by shortening the trade cycle and increasing efficiencies.
Investors are excited about Boapin, as it was reportedly valued at tens of millions, though there are no fresh updates on WHSI and its trade platform.
— Coastal South Enterprises 🏄♂️🌴 (@CSELLCNC) August 3, 2021
You should watch this OTC stock because it has some great products, and it taps into the blockchain space with its unique platform.
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.