Robinhood Penny Shares To Watch Proper Now
One of the fashionable platforms for buying and selling penny shares is Robinhood. There’s actually no getting round it. Even in gentle of the technical points, the shortage of entry to issues like OTC penny stocks, and the questionable occasions that’ve come about just lately, it’s nonetheless the highest canine amongst retail buying and selling apps.
For those who have a look at a number of the penny stock brokerage growth statistics from final yr, you’ll additionally see this pattern. Amongst most mainstream platforms, Robinhood reigned supreme. Hundreds of thousands of recent merchants wanting entry to shares flocked to the app for its easy interface. Although issues like execution occasions on trades take longer than Constancy or Etrade, for example, it’s nonetheless one of many most-used platforms on the market.
What About Penny Shares On Robinhood?
I alluded to it briefly above. In relation to shopping for penny stocks on Robinhood, your selections are restricted. For essentially the most half, solely NASDAQ and NYSE corporations can be found to commerce. The overwhelming majority of OTC penny shares aren’t allowed on the platform. Have there been some exceptions? Sure, however most of those had been based mostly on corporations that had been listed internationally and domestically, like Rolls Royce Holdings (OTC: RYCEY), for example. Evidently, there are nonetheless a whole bunch of shares beneath $5 to select from on Robinhood.
One thing else to remember is the publicity of those shares is way broader than OTCs. Let me clarify what I imply. In relation to Wall Road corporations and issues like hedge funds, many are restricted from buying and selling any inventory not listed on a significant change. Which means in the case of Robinhood penny shares, the pool of merchants is normally a lot bigger than that of their OTC cohorts. This could result in larger liquidity and extra volatility. Since execution occasions are typically slower on Robinhood, customers want to grasp that “the very best worth” is probably not attainable. However for the common person, this may not even be an element.
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One other factor that has attracted customers is entry to greater than shares. Choices and even cryptocurrencies are made accessible. Sure, this consists of Dogecoin, which noticed an unlucky sell-off over the weekend after feedback from Elon Musk on Saturday Night time Dwell. However, whether or not you’re trading penny stocks or cryptocurrencies, if Robinhood is your platform of selection, it’s good to know a number of the fundamentals of buying and selling normally. This consists of understanding how you can handle danger.
Buying and selling Penny Shares This Week
The rise of cryptocurrencies like Dogecoin has led to a brand new sentiment within the inventory market this yr. That sentiment tends to lean towards a extra “risk-on” method. This could possibly be another excuse why issues like penny stocks have taken a entrance seat amongst retail merchants. Whereas it’s nice to herald a acquire of 13% for the yr from a inventory like Microsoft (NASDAQ: MSFT), it doesn’t evaluate to the each day breakouts we’ve seen from penny shares. Is it the next danger? Undoubtedly, but when you understand how to commerce shares, managing danger and volatility are second nature. Listed here are just a few trending names that could possibly be on the radar this week in gentle of continued curiosity in reopening shares.
- Southwestern Vitality Firm (NYSE: SWN)
- Crescent Level Vitality Company (NYSE: CPG)
- Tetra Applied sciences Inc. (NYSE: TTI)
- Kosmos Vitality Ltd. (NYSE: KOS)
- Ur-Vitality Inc. (NYSE: URG)
Robinhood Penny Shares To Purchase [or avoid] #1: Southwestern Vitality Firm (NYSE: SWN)
You’ll see on this article that the pattern is targeted on power shares. Southwestern Vitality has seen an awesome yr up to now in 2021. In January, SWN inventory opened for commerce at $3.03. As of Might seventh, shares reached highs of $4.75. Remember that its 52 week excessive sits round $4.88. However all the identical, because it stands proper now, the penny inventory is up over 50% year-to-date.
The current surge got here in tandem with the bullish momentum in oil and fuel shares this quarter. The corporate additionally reported stronger than anticipated earnings in Q1. Southwestern’s earnings per share of $0.29 beat analyst estimates of $0.23. Moreover, the corporate’s quarterly gross sales of $1.07 billion far surpassed Wall Road’s expectations of simply $850.51 million.
“The Firm’s returns-driven technique is underpinned by a decrease price construction, enhancing operational efficiency, a powerful stability sheet, the technology of free money movement and capturing the advantages of scale, all whereas working safely and responsibly. Within the first quarter, we delivered on every of those features of our technique. Our groups proceed to innovate and create alternatives to additional enhance outcomes.”
Invoice Manner, Southwestern Vitality President and Chief Government Officer.
Given the truth that reopening is on the rise, power consumption might turn out to be a significant focus. Remember that this isn’t simply from oil and fuel however from various & renewable power as properly. That is one thing I’ll focus on later within the article.
2. Crescent Level Vitality Company (NYSE: CPG)
Shares of CPG inventory is one other energy penny stock that has surged in 2021. In reality, shortly after the 2020 U.S. Presidential election, shares had been on the transfer. In December, after outlining its 2021 manufacturing plan, Crescent Level’s focus started to focus on a streamlined enterprise. The corporate got down to have capital expenditures of between $475 million and $525 million in 2021 to generate as a lot as 112,000 barrels of oil equal per day. The corporate additionally earmarked funds for ESG efforts.
For those who’ve learn a few of our different articles just lately, ESG stocks have gotten a scorching matter. This concept focuses on corporations strategizing for environmental, social, and governance enhancements. In Crescent Level’s case, the corporate is dedicating funds to environmental stewardship packages. It mentioned that it’s on monitor to fulfill or exceed emissions depth discount targets of 30% by 2025. This included a 50% discount in methane emissions and plans for extra environmental targets.
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Quick-forward to this month, and we’re on the verge of seeing how the primary quarter of 2021 has unfolded. This week, Crescent Level will ship its first-quarter figures. If CPG inventory is in your watch checklist, be certain to have Might twelfth in your calendar. The corporate can even focus on its outlook for the yr on a mid-morning convention name.
Robinhood Penny Shares To Purchase [or avoid] #3: Tetra Applied sciences Inc. (NYSE: TTI)
Tetra is one other one of many power penny shares surging in 2021. Whereas the top of 2020 was bullish, issues started actually taking off for the inventory and firm this yr in January. The preliminary transfer got here after the corporate introduced the divestment of its curiosity in CSI Compressco LP. This deal noticed Tetra promote the belongings and pursuits for a complete worth of $30.7 million. The corporate aimed to refocus efforts on operations that generated vital money movement, together with its completion fluids enterprise.
Following the divestment, the analyst group rallied behind Tetra. Evercore ISI boosted its score to Outperform and set a $3 worth goal. Stifel analysts additionally upgraded TTI inventory. The agency boosted its score to a Purchase and raised its goal from $1 to $3.
For the reason that power sector has benefited significantly from reopening efforts, the rising tide has helped raise most shares, together with TTI. Nonetheless, current developments from the corporate haven’t harm both. In its Q1 earnings outcomes final week, Tetra gave a really bullish outlook for Q2. Particularly, CEO Brady Murphy mentioned the corporate is experiencing stronger exercise ranges in Q2 which can be “properly above” the March run charge. He mentioned his optimism for “delivering a really strong second quarter that will likely be consultant of what we are able to obtain within the present market setting,” as properly.
4. Kosmos Vitality Ltd. (NYSE: KOS)
When speaking about power penny shares or reopening shares, Kosmos Vitality has additionally been a part of the dialog. The corporate focuses on deepwater oil and fuel exploration with belongings in Ghana, Equatorial Guinea, and The Gulf of Mexico. Kosmos additionally has fuel improvement offshore in Mauritania and Senegal.
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This yr the corporate hasn’t launched many updates. Nonetheless, as I’m positive you’ve come to appreciate, the rise in power consumption and costs has positioned a vivid highlight on associated corporations. Within the case of Kosmos, the corporate has continued specializing in growth and enhancing operations. In March, it closed a $450 million providing specializing in paying down debt and business amenities.
This week could possibly be an vital one to have KOS inventory on the watch checklist. Why? Monday marks the date of the corporate’s subsequent earnings launch for Q1 2021. There can even be a convention name mid-morning to debate the outcomes.
5. Ur-Vitality Inc. (NYSE: URG)
Whereas oil and fuel are a number of the extra apparent reopening tendencies, you may’t ignore various power shares. Because of the U.S. President’s power initiative, issues like photo voltaic, wind, and even nuclear power are within the highlight. In consequence, uranium mining shares are a spotlight for some merchants.
Ur-Vitality focuses on its mining operations in Wyoming. The corporate has utilized a restoration methodology that enables for environment friendly mining that’s much less invasive, referred to as in-situ restoration. The corporate has obtained all main permits and authorization to start out development on the Shirley Basin for a second in-situ restoration uranium facility.
Final week, Ur-Vitality introduced this improvement in a proper press launch associated to the Shirley Basin. Not solely does this develop its working footprint, but it surely additionally marked a significant milestone. The corporate successfully doubled its licensed and permitted manufacturing capability. Ur-Vitality defined that the Shirley Basin Venture hosts 8.8M kilos of Measured and Indicated Uranium Sources. There’s additionally a 3 unit mining plan for the Venture.
On prime of this, the corporate additionally launched its Q1 2021 outcomes final week. Of be aware had been feedback from CEO Jeff Klenda. “The rising bipartisan assist for nuclear power within the U.S. creates a powerful basis for our business…Broad assist for nuclear is clear when evaluating the suggestions of the U.S. Nuclear Gasoline Working Group report from April 2020 with the present priorities of this Administration. The placing similarity between the 2 signifies sturdy assist for the reinvigoration of our business and the long-term stability of the nuclear gasoline cycle for many years to return.”
Reopening Penny Shares In Focus
In relation to reopening penny stocks or epicenter penny shares, the choices are huge. You’ll be able to think about journey and leisure, or you may give attention to issues like power and infrastructure. No matter your focus, understanding how you can navigate this pattern and establish key drivers are vital. The “trigger and impact” of every step of reopening can translate to new alternatives within the inventory market in 2021.