The stock market is finally showing more evident signs of recovery after struggling at the end of January. This is the right time to benefit from the rebound.
Right now, one needs to be quick to take profits and go where the opportunities are. For us and our subscribers here at Insider Financial, that means trading both OTC and Nasdaq stocks.
Our subscribers have plenty of opportunities in OTC, Nasdaq, and NYSE penny stocks with low floats, news, and a significant short position.
Smart investors know that if you want to make the big money off a small account, the place to be is in penny stocks. There are many good penny 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.
In this article, we take a look at 4 penny stocks that can do well in the following weeks. They are American Battery Technology Company (OTCQB: ABML), Bell Buckle Holdings, Inc (OTCPK: BLLB), Social Life Network, Inc (OTCPK: WDLF), and Exela Technologies, Inc (NASDAQ: XELA).
PENNY STOCKS #1 ABML
American Battery Technology Company, which recently changed its name from American Battery Metals Corporation, has returned back to the $1 level after bottoming out near 60 cents on January 19, touching the lowest level in over a year. The OTCQB stock is trading at $1.02, up 43% over the week.
While ABML has been correcting for months, it was a big winner for our readers at the beginning of last year. We reported on this stock in mid-February 2021, when the share price was trading at only five pennies. Thus, our subscribers that purchased then could have secured generous profits of 3,000+%, not to mention the potential profit of about 8,000% at the February peak near $5. Despite the long-term correction, we expect ABML to thrive.
ABML is an advanced technology battery recycling and resource production company. It explores, mines, extracts, and recycles battery metals. It is focused on its Railroad Valley battery metal project in Nevada with the goal of becoming a substantial domestic supplier of battery metals to the increasing electric vehicles and battery storage markets in America.
While the EV rally is heating up, few companies think about battery recycling. However, this will become a major problem in a few years when hundreds of thousands of batteries will have to be disposed of en masse. ABML is positioned to become a leader in the battery recycling market. Besides this, the company is exploring and mines lithium and other components indispensable for batteries.
Currently, ABML is building its lithium-ion battery recycling Pilot Plant, which will consist of three functional building areas totaling approximately 100,000 square feet of floor space with 60,000 square feet dedicated to production space. The new building spaces in Fernley, Nevada, will include a production building, an office building with laboratories, and a warehouse.
After laying the rebar for our Pilot Plant's wall panels, the team (+@Miles_Const) is ready to pour concrete for the walls within the next week. Once the concrete has cured, we will mobilize a crane to tilt the walls up for our Phase 1 Process Building. #abtc_plantupdates $ABML pic.twitter.com/s5XSWSXQos
— American Battery Technology Company (@abt_company) January 25, 2022
Last year, we reported that ABML had received a competitively bid $2 million contract award from the United States Advanced Battery Consortium LLC (USABC), in collaboration with the US Department of Energy (DOE), for the commercial demonstration of its integrated lithium-ion battery recycling system and production of battery cathode grade metal products, the synthesis of high energy density active cathode material from these recycled battery metals by cathode producer and lithium-ion battery recycler BASF, and then the fabrication of large format automotive battery cells from these recycled materials and the testing of these cells against otherwise identical cells made from virgin sourced metals by cell technology developer C4V.
Meanwhile, ABML is also working on the Tonopah Flats Lithium Exploration Project, which currently encompasses the exploration of 427 unpatented lode mining claims covering approximately 8,540 acres of land that is administered by the Bureau of Land Management (BLM) near Tonopah, Nevada.
The $640 million company is only making the first steps towards becoming a major leader in a potentially fast-growing market. When the plant is ready and lithium mining reaches full capacity, this won’t be a penny stock anymore.
The company is also becoming more visible among institutional investors. Recently, CEO Ryan Melsert participated in the Bloomberg New Energy Finance (BNEF) Summit in San Francisco.
ABML is undervalued at $1, as this stock has massive potential.
PENNY STOCKS #2 BLLB
Bell Buckle Holdings, Inc is making waves as the OTC stock saw its Caveat Emptor designation removed, and it now goes with the Pink Current symbol. The company is now trading near the one penny mark, about ten times higher than at the beginning of the month.
BLLB is focusing on generating revenue in the debt, receivables collection, and debt recovery sectors. The company has recently hired new legal counsel, a new PCAOB Auditor, and an accredited CPA. The business plan of the company includes potential equity investments (acquisitions) and or merger opportunities and joint ventures for the sole benefit of the company and its shareholders.
Last week, BLLB announced that it no longer had the Caveat Emptor symbol, which the OTC Markets is using to mark companies suspected of activities related to spam campaign, questionable stock promotion, known investigation of fraudulent activity committed by the company or insiders, regulatory suspensions, or disruptive corporate actions.
While we don’t know any acquisition candidate, some investors believe that this is a hidden gem, as Paul Colangelo, who owns 6.7% stake in BLLB, represents Avenu Insights Analytics LLC, which generates about $50 million in revenue and might be a great merger candidate.
— Giangy (@7219Giangy) January 31, 2022
Even if Avenu may not be the target, BLLB might be a great bet given that it’s only starting its journey, which comes with great opportunities anyway. The $6 million company may explode when the catalyst shows up, making the recent 900% spike unnoticeable.
— Penny Stocks Today (@Pennystockznews) January 28, 2022
PENNY STOCKS #3 WDLF
The last time we discussed WDLF in November, the OTC stock was trading relatively at the same price as of today near $0.0045. The two-month period was full of events for Social Life Network, Inc, which is already doing business as Decentral Life. The share price seems to have bottomed out at the end of last year at $0.0015, the lowest in about a year. Now WDLF seems to be reversing the long-term downtrend that started at February’s peak near three pennies. We first covered WDLF at the end of 2020, well before the Pink Current stock jumped 400% to the February peak.
WDLF has been promoting itself as a Technology Business Incubator (TBI) that, through individual licensing agreements, provides tech startups with seed technology development, legal and executive leadership, making it easier for startup founders to focus on raising capital, perfecting their business model, and growing their client base.
Recently, the company found it necessary to highlight that it empowers startups through the strategic allocation of its blockchain and AI technology. Its blockchain ecosystem rewards social networking users for creating their own private and secure social experience, with WDLF Tokens that are minted through their social networking activity. WDLF Tokens are Ethereum ERC20 utility tokens, rewarded to users of WDLF’s social networking and e-commerce platform that it licenses through a SaaS agreement to tech business startups that participate in its Social Life Network TBI program.
The WDLF token just launched to the public through an Initial Coin Offering (ICO). The token has a dedicated website that comprises the roadmap and the whitepaper.
— Decentral Life (OTC: WDLF) (@sociallifenetwk) January 29, 2022
As for Social Life’s TBI companies, they operate in the Hunting, Fishing, Camping, RV Travel, Motor Racing, Racket Sports, Cycling, Golfing, Cannabis, Hemp, Space Exploration, Soccer, Blockchain NFT, and Residential Real Estate industries.
WDLF generates its revenues through its TBI licensees by charging a 5% fee on their revenue and a 15% common stock stake in the TBI licensee if they reach the liquidity event of going public or selling their business. In fact, one of WDLF’s largest companies, MjLink.com, Inc is about to be acquired, which will make WDLF’s first liquidity event. MjLink social networks connect the millions of global cannabis and hemp consumers, business professionals, companies, and brands that make up the now global legal industry.
Did Anyone else receive the mjlink Acquisition Email?
$5×20M = $100M
$7.5×20M = $150M$WDLF MC $27.6M
IMO the Chicken is more valuable than a Single Golden Egg.
— Wayne (@ApeDDCrusader) January 31, 2022
Meanwhile, MjLink is going public separately by issuing 20 million shares.
MjLink alone can boost the share price of WDLF, but the latter benefits from the rest of the companies as well as its blockchain-oriented approach. We think this is a great chance to buy WDLF as 2022 looks to be a big year for the company and its shareholders.
PENNY STOCKS #4 XELA
NASDAQ-listed Exela Technologies, Inc bounced back last week from the lowest level on record, with volume figures surging to the highest since July. The penny stock rose from about 35 cents on January 24 to $0.95 on Friday, currently trading at $0.88.
The $230 million company provides transaction processing solutions, enterprise information management, document management, and digital business process services worldwide. The company operates through three segments:
- Information & Transaction Processing Solutions (ITPS), which offers lending solutions for mortgages and auto loans; banking solutions for clearing, anti-money laundering, sanctions, and interbank cross-border settlement; property and casualty insurance solutions for origination, enrollments, claims processing, and benefits administration communications; and public sector solutions for income tax processing, benefits administration, and records management.
- Healthcare Solutions (HS), which provides revenue cycle solutions, integrated accounts payable and accounts receivable, and information management for healthcare payer and provider markets.
- Legal & Loss Prevention Services (LLPS), which processes legal claims for class action and mass action settlement administrations, involving project management support, notification, and outreach to claimants; and collects, analyzes and distributes settlement funds.
The latest price surge came after the company announced that it started its offer to holders of XELA outstanding shares of common stock, to exchange up to 100 million of Common Stock for up to $100 million aggregate principal amount of its unsecured 6.00% senior notes due 2029. Thus, shareholders can exchange blocks of 25 shares of common stock into a tradable $25 note due 2029 with a 6% annual interest rate. The offering price represents an 82% premium to the closing share price of $0.55 on January 25. Shares tendered will be retired, reducing share count by almost a third.
Exela’s Executive Chairman Par Chadha said:
“After deploying more than $400 million of capital in 2021 to substantially reduce debt and extend maturities, we are now deploying capital to unlock shareholder value for our large and growing shareholder base.”
This bullish sign may put the share price on a long-term bullish path. Recently Investment company First Bancorp, Inc added positions in a number of companies, including XELA. Meanwhile, earlier this month, XELA renewed a $35 million contract with consulting firm Digital Mailroom and expanded its partnership with a major bank.
$XELA interesting buy at these levels. Giving me a CEI vibe from its run back in October;
1.) 100million share buyback at $1 this week
2.) $35 million contract renewal this week
3.) $4 PT released this week
4.) First Bank Corp added to their long position today also#Bullish
— Mcfly Investing (@JoeDevola2) January 28, 2022
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)!
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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.