October has been a great for NASDAQ, OTCQX Composite, and the rest of stock market indices, suggesting that the stock market is back on track after the major correction from last month. On Wednesday, NASDAQ rose on solid forecast from Microsoft, which contributed to the general optimism about the Q3 earnings season.
Anthony Denier, CEO of trading platform Webull, told Reuters:
“Markets were in a lock-step higher and a lock-step lower phase and we now see signs of healthy markets with interest for individual companies based on their earnings rather than market wide moves right now. We see tech as a clear leader on strong earnings and due to supply chain and inflation issues affecting other sectors.”
The earnings season has supported the bullish mood as the majority of reporting companies are presenting upbeat results. The S&P 500-listed companies might be a good reference that reflects this trend. Out of almost 200 companies that have already revealed their cards, over 82% exceeded expectations.
We recommend investors keep an eye on penny stocks that are traded both on OTC markets as well as on NASDAQ because there are great opportunities everywhere. The important thing is to anticipate momentum, and that’s what we try to do consistently.
FINDING OPPORTUNITIES IN TOP PENNY STOCKS
There are plenty of opportunities for investors if they follow us here at Insider Financial.
The key to trading stocks is finding the 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.
It’s also best to own a portfolio of penny stocks. For some that can be as many as 10 to 20 or more penny stocks that include both OTC stocks and NASDAQ penny stocks.
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.
The fact is that there is always a bull market somewhere. That’s why it’s important for penny stock investors to trade both OTC and NASDAQ stocks, and sometimes get exposure to larger companies that still seem to have massive growth potential. There are always opportunities if you give yourself the flexibility to trade all markets.
In this article, we take a look at 4 penny stocks worth watching, two of which are listed on NASDAQ. They are Conservative Broadcast Media & Journalism Inc (OTCPK: CBMJ), Global Entertainment Holdings, Inc (OTCPK: GBHL), Remark Holdings, Inc (NASDAQ: MARK), and Powerbridge Technologies Co., Ltd (NASDAQ: PBTS).
PENNY STOCKS #1 CBMJ
Conservative Broadcast Media & Journalism Inc saw its price spiking to almost 10 cents, hitting the highest level since the end of July. Nevertheless, the price then corrected to the current level at $0.044 and longer-term timeframes show a horizontal channel with strong support at four pennies and resistance near $0.08. In fact, CBMJ’s share price hasn’t consolidated above $0.08 during the last decade, so it makes to buy it especially when it breaks above this level.
CBMJ is a digital marketing and e-commerce company. The primary e-commerce site is www.store.flagandcross.com. The company operates numerous social media accounts across several platforms and has a total opt-in email database of 12 million names. CBMJ also maintains www.constitution.com – one of the largest collections of historical documents, www.thrashercoffee.com, www.militarygradecoffee.com, www.valloranicigars.com, and www.shaftleinreport.com. The company specializes in reaching a conservative/libertarian/religious audience.
On October 21, CBMJ reported revenue of $1.3 million for the third quarter of this year, up 82% compared to the same period last year. The net revenue for the first nine months was $3.12 million compared to $1.64 million in the first nine months of 2020. The primary drivers have been the e-commerce stores store.FlagandCross.com and PatriotDepot.com.
Besides the financials, the $17 million company announced the launch of a new superstore is planned for Black Friday. The superstore will centralize the products from all 5 of our e-commerce properties under one brand and leverage economies of scale to lower costs and increase sales. CEO Mark Schaftlein said:
“During the third quarter, we focused on the integration of our recent acquisition of Patriot Depot along with developing new holiday products for our customers. Going forward, we’re putting forth substantial efforts to develop our media assets to create a recurring revenue model.”
In addition to growing the e-commerce business, the company’s plan is to focus on recurring advertising revenue. This will be achieved by increasing traffic to its news site, www.flagandcross.com, utilizing the extensive email database.
While the stock has been moving within a sideways channel, it has some great potential to grow thanks to the increasing demand for conservative media, especially as Trump is launching his media company. Also, the latest price surge came on record volumes, which suggests that bulls are ready to back this stock.
.11 Independent Conservative Media
New 52 wk high 61.8% extension .2427
Sympathy: Trump Social Media Platform rumor
News CBMJ Featured on Under the Radar Minute on Bloomberg as Emerging into the Spotlight Because of Recent Censorship of Certain Media Segments 🔽🔽 pic.twitter.com/yuu71QePig
— Charted Investments (@ChartedInvests) February 9, 2021
PENNY STOCKS #2 GBHL
Global Entertainment Holdings, Inc also saw a surge in the price followed by a major correction. Nevertheless, unlike CBMJ, CBHL’s larger timeframes clearly indicate a long-term bullish mood. The share price has increased by 50% during the last five trading days despite the major correction that has wiped out most of the gains. At the end of last week, CBHL surged by over 400% on record volumes to touch a swing high at $0.0179, the highest so far this year. The price eventually faced pressure and is currently trading at $0.0049.
GBHL is an entertainment and media holding company with a primary focus on motion picture production and sales, as well as internet presence in social media networks and digital marketing. The company also distributes Hollywood classic movies, TV shows, and shorts, and vintage cartoons. It develops You’ve Got The Part, a social media web platform, and operates WeedWeb.com, a professional cannabis network.
Investors are excited about GBHL mainly because it’s yet another stock associated with Trump and conservative values.
Specifically, GBHL has produced a documentary movie about Trump, called “The Martyr.” This was interpreted as great news by investors, who anticipate that conservatives will increase their visibility thanks to Trump’s new social media platform and a potential increase in anti-Biden mood. By watching the trailer, the production seems to be good enough, but I personally find the voice-over horrible, to say the least, but let’s wait to see how the documentary looks as a whole when it’s released fully.
All in all, GBHL looks set to benefit as soon as the “TrumpPump” rolls on.
$GBHL Compiled DD thread after the #Trump 🚀
– Solid platform with real #TrumpPump connections ⛽️
– 2.1B volume FRIDAY ; 30 day avg volume is 83M 👀
– Lots of 🩳's to squeeze on Monday 🍋
– 1.2B O/S & 925M Float ✔️
– RSI in 30's – oversold territory 📈
More will find this gem 🔜 pic.twitter.com/1JYTH5L1L9
— Trader Daddy (@TraderDaddy777) October 24, 2021
PENNY STOCKS #3 MARK
Remark Holdings, Inc saw a similar up and down move like the previous two OTC stocks, although this one has nothing to do with the former US President, and it’s listed on NASDAQ. Despite the correction, MARK has managed to preserve a 130% gain since last week. You can buy the stock for $2.09 as of today, although the price peaked at over $6 on Monday, hitting the highest level year-to-date.
Remark is developing and deploying artificial intelligence (AI) solutions for businesses and software developers. It owns and operates an e-commerce digital media property focused on a luxury beach lifestyle. The company sells its AI-based products and services under the Remark AI brand in the US and the KanKan brand in China.
Earlier this month, the $220 million company announced the launch of an upgraded KanKan AI Platform for school campus management intended to meet educational reform and technology requirements in China. Additionally, the company announced the expansion of its distributor network, adding five resellers in existing and new territories throughout China. The company’s goal is to install its platform in more than 3,000 of those schools, which is an $18 million opportunity.
Kai-Shing Tao, Chairman and Chief Executive Officer of Remark Holdings, said:
“For the past two years, our engineers have been developing a proprietary platform to help automate certain repetitive functions previously performed by teachers and administrators in each school district. We have deployed initial systems in more than 300 schools across China, including 135 schools in Hangzhou City, covering 70% of the schools in the Xihu District of Hangzhou, while undertaking the construction of the relevant platform for the Xihu District’s Education Department. In the coming year, we plan to replicate this successful business model in additional areas of Hangzhou, as well as other major cities such as Shanghai, Nanjing, Chengdu and Chongqing.”
Even though this news points to MARK’s ambition to expand, the stock price hasn’t reacted that much to the announcement. The latest spike came as retail investors put MARK on their “next stock to buy” list by discussing it actively on Reddit and other social media channels. The NASDAQ stock was identified as one of the most searched ones on the newly launched site Hype Equity, which tracks meme stocks on Reddit, Twitter, and other social media sites. Twitter user Stock Geek also added to the hype.
— Stock Geek (@StockMarketLife) October 24, 2021
PENNY STOCKS #4 PBTS
Powerbridge Technologies Co., Ltd has added over 12% during the last five days, currently trading at $1.19. The NASDAQ-listed stock peaked on Friday at almost $2, the highest since August. After correcting from February’s YTD high at over $9, the share price has been moving sideways for months, finding strong support at $1, which is the lowest limit accepted for a NASDAQ stock. This means that you can buy the dip today, as PBTS will have to make sure to bring value to shareholders and consolidate its position in the big league.
PBTS provides software application and technology solutions and services primarily in China, but investors are more interested in it as it’s a blockchain and crypto play. It has crypto mining operations and offers a blockchain-as-a-service that comprises compliance blockchain services and supply chain blockchain services.
The company’s other solutions include Trade Enterprise and Trade Compliance, as well as Import & Export Loan and Insurance Processing for customers to streamline their trade operations, trade logistics, and regulatory compliance. It also offers software-as-a-service solutions, which include Logistics Service Cloud and Trade Zone Operations Cloud, as well as Inward Processed Manufacturing Cloud, Cross-Border eCommerce Cloud, and Import & Export Loan and Insurance Processing Service Cloud.
We’re bullish on this stock as it’s increasing its focus on blockchain and crypto mining. Earlier this month, the company launched its new division Powercrypto Holdings, a subsidiary based in Singapore. This will allow PBTS to mine crypto outside China, which recently cracked down on local crypto mining operations. Crypto mining veteran Sean X. Wang joined the company as General Manager and Chief Technology Officer.
Stewart Lor, President of Powerbridge commented:
“We are thrilled to have Mr. Wang on board, as he is the right candidate to lead Powercrypto through its development and into operations. His deep expertise and relationships in collaborating with others in the cryptocurrency industry gives us huge confidence in his ability to lead Powercrypto. We look forward to expanding on our global crypto mining and digital assets business, as well as increasing our BTC and ETH computing power.”
Powercrypto has already announced that it was launching crypto mining in Hong Kong, with a focus on Bitcoin and Ethereum. These cryptocurrency operations will utilize environmental-friendly, green and sustainable energy. Powercrypto expects to complete the deployment of 2,600 high-performance mining rigs in Hong Kong, encompassing 600 high-performance BTC mining machines with a hashrate of approximately 60 PH/s, and 2,000 high-performance ETH mining machines with a hashrate of approximately 1,000 GH/s.
Crypto mining is still a profitable business for those who can operate ASIC devices, and we think PBTS is undervalued at this point, especially given it healthy balance sheet.
$PBTS 🔥Singapore🔥 based subsidiary for its Crypto Mining and Digital Asset operations ("Not in China") Elon Musk stating his concern earlier this year. Where PBTS thrive is their focus on maximising the use of carbon free clean energy power52W Range 0.95💎$9.65$METX $NEW $FAMI pic.twitter.com/dLubZpWRVy
— The Professor (@Angel14539545) October 28, 2021
THE FINAL NOTE
Now is a great opportunity to invest in top penny stocks with great potential. Our job is to identify the best penny stocks with strong fundamentals and let our subscribers pick the ones they like to build a well-diversified portfolio.
Buying dips and selling rips as swing trades remains the best strategy in the stock market. Still, whenever a hot stock is in the middle of a bull run, we recommend our subscribers to book profits.
It’s very important to eye penny 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 run 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.