The US stock market has extended its recovery at the end of the week following the Federal Reserve’s statement. Investors found out that the Fed doesn’t rush reversing the accommodative monetary policy, which means cash will continue to be pumped into the economy for a while, and stocks are the first beneficiaries under these circumstances.
On Wednesday, the central bank said that it could start reducing its monthly bond purchases by as soon as November, and this deadline had been already priced in. However, in a more dovish statement, the Fed said that interest rates could rise quicker than expected by next year, although Fed Chair Jerome Powell said the bar for lifting rates from zero is much higher than for tapering.
Tim Ghriskey, chief investment strategist at Inverness Counsel, told Reuters:
“This is a follow-on rally from a very good Fed meeting. To me that showed there were no surprises and things were as expected. Any Fed rate hike is still quite a ways off and so much can change between now and then.”
One of the main concerns for investors is high inflation. The central bank projected inflation at 4.2% by the end of 2021, more than twice its target rate of 2.0%. Still, the Fed insists that high inflation is temporary.
Today, as the economy continues to recover, there is a great opportunity to invest in OTC stocks with growth potential, as they have more room for growth compared to blue chips.
OTC STOCKS 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 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 Nexus Energy Services, Inc (OTCPK: IBGR), Mucinno Holding, Inc (OTCPK: MCNO), Tonner-One World Holdings, Inc (OTCPK: TONR), and Viper Networks, Inc (OTCPK: VPER).
OTC STOCKS #1 IBGR
Nexus Energy Services, Inc has been on the rise in September, currently trading at the highest level in over six years. The share price has almost doubled since last week and is fluctuating near $0.70, up almost 900% during the last six months. IBGR is on its way to hit the $1 mark, as we anticipated in a previous article when the OTC stock touched a swing high at around $0.40.
In 2020, Nexus was acquired by Canadian Dryworld Industries Inc through a reverse merger, and the IBGR ticker now represents the Dryworld subsidiary in the first place.
Dryworld is a performance athletic brand offering innovative, superior quality apparel, footwear, and gear for athletes in all of the US. Previously, Nexus operated as an application development company.
The company has been working to change its ticker from IBGR to DRYW.
In the summer, Dryworld started a huge marketing campaign. For example, Russian long jump athlete Darya Klishina joined the Dryworld family as a Dryworld Athlete, Ambassador, and shareholder. Darya has an impressive collection of titles to her credit. The collaboration starts with two initial projects: HauteD by Dasha, a collection of athletic pieces for women, and DRYWORLD “Take Flight” collection of t-shirts, tank tops, hoodies, hats, and more for her fans.
Besides Haute D, Dryworld has other product lines, including Dryfeet, Bioskin, and Aggression Apparel.
Meanwhile, the $110 million company has got the Pink Current status and is ready to release more meaningful announcements, which will eventually be reflected in the share price. Investors are particularly excited about Dryworld’s e-commerce platform to be launched soon.
$IBGR News today: RegA offering announced to happen in the next 35 days. Money to be used to launch their e-commerce portal. FINRA is also coming soon. October is going to be wild!
— WeaponsFactory (@RoboticGladiat1) September 21, 2021
On September 21, the company announced that it had entered into financing agreements to provide bridge financing to support the launch of the e-commerce platform as well as complete the filing of a Regulation A offering. IBGR plans to have the Reg A filed within 35 days.
IBGR has enormous potential and is making all the right moves to become a major brand.
OTC STOCKS #2 MCNO
Mucinno Holding, Inc has been in bullish mode recently, gaining 30% over the last five days, but the share price has been actually declining on larger timeframes, and this might be a great opportunity to buy the dip. MCNO is now trading at almost five cents, which is a strong resistance level. The OTC touched its YTD high in March at over $0.60.
MCNO has been around for about two decades and is focusing on mining activities such as the extraction and transportation of minerals and aggregates. It is the national leader in recycling, giving quality to silica sand. It owns two mines and transport equipment that allows it to supply its customers.
The recent price spike came after MCNO said it was negotiating a contract with CEMEX to supply silica sand and provide transport services. It is agreed to keep supplying the multiple concrete plants located in the center region of Mexico with 75,000 tons of silica sand annually. The strategic location of the mine is a beneficial factor for the company since it eliminates the competition in the region.
The total demand for MCNO’s sand and freight has increased by 34% in this circuit, with respect to last year, a figure that is estimated to continue its growth throughout the year due to an increase in the construction sector that exists in the country. According to INEGI, there was a 16% increase of cement production in June alone.
Mucinno has worked with CEMEX for more than 15 years, managing to build a solid commercial relationship. CEMEX is a global building materials company that provides high-quality products and reliable service to customers and communities throughout the Americas, Europe, Africa, the Middle East, and Asia. It produces, distributes, and sells cement, ready-mix concrete, aggregates, and related building materials in more than 50 countries, and they maintain trade relationships in approximately 102 nations. It has annual revenues of over $13 billion.
$MCNO Cemex is a Fortune 500 company with BILLIONS IN REVENUES! Founded in 1906, it is a global company and the revenues of 2020 are 13 BILLION US DOLLARS! Again, that is BILLIONS in REVENUES in just 2020. The company which they have the contract with. $MCNO pic.twitter.com/UvFKjTIsqe
— 88Stock~Investing88 (@88Investing88) September 21, 2021
The new contract with CEMEX is a big deal, but we’ll see how much it will add to MCNO’s revenues. So far, we’re quite bullish on this OTC stock, especially given the growth of the construction sector.
OTC STOCKS #3 TONR
Tonner-One World Holdings, Inc is gaining momentum. The OTC stock, which has the Pink Limited Information symbol, has exploded by over 370% in the last five days alone, touching a swing high at $0.0068, which is the highest since over five years.
TONR used to be a developmental company that provided multi-cultural doll products to the specialty, affinity, and mass merchandise retail marketplace via a focus on direct and online sales platforms. Now it has no current operations and is adopting a new business direction. It plans to merge with an operating cryptocurrency, DeFi or fintech business. Cryptos have been the fastest-growing market, and there is still room for growth until global adoption is fully achieved.
TONR’s areas of interest include mining, cryptocurrency operation, green energy, digital banking, real estate lending, residential, commercial, and industrial sectors.
TONR will soon get the Pink Current status as it recently released the quarterly and annual reports, as well as the Attorney Letter.
Once it decides the M&A candidate, be ready for an explosion of the share price. Despite the already bullish move, this still is a great opportunity to buy TONR at a bargain price.
OTC STOCKS #4 VPER
Viper Networks, Inc has gained almost 30% since last week to trade at the highest since June. However, larger timeframes point to a sideways move, with the OTC stock being forced to break above $0.015 to claim the reversal of the long-term bearish trend that started in February at the YTD high at six cents.
VPER produces and distributes LED lighting products. It offers LED street lights, and parking lot, and indoor lighting products, as well as intelligent lighting solutions with camera, sensor, and wireless technologies.
Earlier this year, VPER secured some great deals and reached some partnerships.
The recent price increase came on the backdrop of VPER’s announcement that it had further reduced its total debt by $12.7 million. The company has been working diligently to improve financial performance and had announced a debt reduction of $38.5 million back in May. In light of this, VPER has reached an agreement to reduce another $12.7 by negotiating accrued executive compensation and issuing 10.6 million restricted shares of Series B Preferred stock, leaving a debt of approximately only $500,000 – a substantial 96% netting over 99% debt reduction through the year.
To date, VPER has managed to strike an alliance with Toledo Solar, and successful kick-off of smart city projects in Sri Lanka and 21 suburban cities in the Greater Chicago area.
We reported on the Sri Lanka project in a previous article. As for the Chicago project, it came last month. VPER reached a final 20-year agreement with a consortium of 21 cities throughout suburban Chicago to build and operate a variety of smart city projects. The cities are looking to take advantage of the latest $1.2 trillion infrastructure bill, and Viper Networks is prime to partner with the latest technology and services, and launch Smart City Projects nationwide.
As US cities begin to transform their infrastructure, Viper focuses on providing municipalities with the ability to efficiently control and adjust street lighting, monitor activities, provide state-of-art communication, enhance security and manage traffic, achieving all of this while reducing the environmental footprint and creating new revenue sources.
The Chicago project is commencing in the cities of Palos Hills and Justice, gradually adding infrastructure with a target rollout of approximately 2,000 smart poles by the second half of 2022. This will drive an annualized revenue of $10 million before adding the revenue share. Viper will showcase new smart poles with smart wireless control, camera and wireless 6E and 5G interconnection, digital advertising panels, smart LED lights, WiFi, and fiber optics interconnection in the Greater Chicago area this fall. We will have media companies for live streaming at the opening of the project.
Through this financial reengineering, VPER’s management is demonstrating full trust in the company’s continued growth. VPER said that it expected an active fall season and anticipated new client updates and other exciting developments to be announced.
VPER seems to be reversing its long-term downtrend and is ready for new highs. With no debt and major deals, this is a great OTC stock to own.
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)!
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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.