If you find yourself wanting to invest in penny stocks in 2021, there is no better time than now. With so much momentum and the market overall hitting all-time highs, penny stocks are on fire right now. However, not all penny stocks are worth buying. By using the power of the internet, investors can stumble upon the best penny stocks to watch.
This involves understanding what makes them move, how they are moving, and how to buy and sell and turn a profit. These questions alone will help to avoid making unnecessary losses in your portfolio.
And, with hundreds of penny stocks to choose from, it can be a daunting task to pick just a few. But, that’s why we’re here right? The goal with penny stocks is to make a list and then look at the specifics of each company involved. This way you can be confident in your penny stocks watchlist moving forward. With this in mind, here are eight hot penny stocks for your early July watchlist.6 Penny Stocks to Watch in July 2021
- 1847 Goedeker Inc. (NYSE: GOED)
- Clear Channel Outdoor Holdings Inc. (NYSE: CCO)
- Opko Health Inc. (NASDAQ: OPK)
- Greenpro Capital Corp. (NASDAQ: GRNQ)
- Cocrystal Pharma Inc. (NASDAQ: COCP)
- Regulus Therapeutics Inc. (NASDAQ: RGLS)
1847 Goedeker Inc. is a penny stock we have mentioned frequently in the past few months due to its continued gains and high momentum. This company operates an e-commerce platform for appliances, furniture, fitness equipment, televisions, and more. If you have paid attention to the market, home improvement was huge in 2020 and continued to climb into 2021.
While people were stuck at home, home improvement, home gyms, and more all became very popular. This could be one of the reasons that GOED stock is showing so much momentum right now. On July 1st, 1847 Goedeker announced that Lambert & Co. will lead its strategic investor relations program.
“As we continue to strategically grow our operations, we are taking steps to reach a wider array of investors by leveraging Lambert’s expertise in this area.
Lambert has a consistent track record of implementing first-class investor relations programs and will assist in our foundational efforts to communicate our value proposition across all of our stakeholder bases following the transformational acquisition of Appliances Connection.
We are incredibly pleased to bring the firm’s diverse experience and expertise alongside our management team and Board.”CEO of 1847 Goedeker Doug Moore
One month ago, GOED stock was at $2.15 per share on average. Now GOED stock has reached $3.90 per share on average as of only a day ago. While gains like these are not unheard of, they are worth noting for investors. With this information in mind, will GOED make your penny stock watchlist this week?Clear Channel Outdoor Holdings Inc. (NYSE: CCO)
Clear Channel Outdoor Holdings Inc. is a penny stock that owns, operates, and sells advertising displays. If you look around at billboards and outdoor advertisements, you likely will see the company’s logo under a great deal of them. It offers these billboards, plus transit displays, bulletins and posters, street furniture displays, and many other types of physical advertising. The company currently owns about 71,000 advertising displays in the Americas, and 430,000 in Europe.
On June 23rd, the company announced it will release its second-quarter earnings and hold a conference call very soon. This is always an interesting aspect to consider as it allows for investors to get in a glimpse into what a company is doing right now.
The company recently participated in the Cowen Technology, Media, & Telecom Conference. Other than this, CCO has not put out a great deal of press releases in the past few weeks. But, it’s worth noting that one month ago the company was worth under $2.40 per share on average. Now CCO stock is at $2.63 per share on average. With its financial results upcoming, will CCO make your list of penny stocks to watch?OPKO Health Inc. (NASDAQ: OPK)
OPKO Health Inc. is a biotech penny stock that creates both diagnostic products and pharmaceuticals. It operates BioReference Laboratories as a subsidiary, which offers lab testing services to detect, diagnose, evaluate, monitor, and treat diseases. The company has multiple clinical trials that are active right now, including one in partnership with Pfizer Inc. (NYSE: PFE).
On June 22nd, BioReference Laboratories announced the first COVID-19 testing program for the cruise industry. This will help provide a safe environment for those who cruise with Royal Caribbean Group (NYSE: RCL).
The executive chairman of BioReference Laboratories Jon R. Cohen said, “Royal Caribbean Group has worked diligently with us to develop a set of testing protocols in conjunction with other mitigation strategies to provide the safest possible environment for all passengers and crew. Our first in the nation custom solution for the cruise industry was developed so that each passenger will be tested, and results provided within 40 minutes of their arrival at the port.”
In the last month, OPK stock has increased significantly. The company’s stock price was at $3.66 per share on average one month ago, and now the company is at $4.24 per share on average. With this in mind, will OPK be on your list of penny stocks to watch this month?Greenpro Capital Corp. (NASDAQ: GRNQ)
The next company on this list, Greenpro Capital Corp., operates differently than the others mentioned on this list. This company provides financial consulting and corporate services to businesses. Its services are provided to companies in Hong Kong, Malaysia, and China. Some of its offerings include tax planning, bookkeeping, transaction, record management, and more. It also is involved in the acquisition and rental of real estate properties held for investment and sale.
Back in May, GRNQ stock increased after it updated shareholders on its NFT investment. The company bought an exclusive series of 7,700 NFTs for $16 million. The company profited $15,892,800 via the transaction.
“I’m proud to report that GRNQ will be profitable this quarter, furthermore we anticipate a full-year profit. Our investment in this exclusive NFT series has doubled in value in 2 weeks to $32 million. We are planning a series of corporate actions around this unique NFT series to reward our shareholders.”The CEO of GreenPro, Dr. CK Lee
NFT technology is one of the hottest market trends right now, and something that companies are only just beginning to capitalize upon. Now it has been announced that Greenpro has reached an agreement with Odenza Corp. (OTC: ODZA) to advise and assist in uplisting to a senior stock exchange by the first quarter of 2022. While this is not a major announcement, it is one to consider. Up 3.79% on July 1st, will GRNQ stock make your watchlist, up 3.79% on July 1st?Cocrystal Pharma Inc. (NASDAQ: COCP)
Cocrystal Pharma Inc. is another biotech penny stock that has experienced some momentum in the market. This company discovers and develops antiviral therapeutic treatments for serious and chronic viral diseases. It has antiviral drugs to treat hepatitis C, influenza, coronavirus, and more. Its CC-31244 HCV non-nucleoside polymerase inhibitor has completed Phase 2a clinical trial to treat HCV infection.
On June 28th, COCP joined the Russell Microcap Index. Interim co-CEO and CFO James Martin said, “We are delighted that Cocrystal will now be included in the Russell Microcap® Index, which is a broadly used performance benchmark for smaller growth stocks in the U.S. This is a notable milestone for Cocrystal that will further raise awareness of our company within the global investment community as we advance development of our antiviral programs including the planned initiation of an influenza A Phase 1 trial in the third quarter.”
Since November of last year, shares of COCP stock have increased by over 50%. Considering this, it could be worth keeping an eye on in the near future.Regulus Therapeutics Inc. (NASDAQ: RGLS)
Regulus Therapeutics Inc. is a clinical-stage biotech penny stock that discovers and develops drugs for targeting microRNAs to treat diseases. Its RG-012 candidate is in clinical trials to treat Alport syndrome, which is a life-threatening kidney disease. It also has RGLS4326 which is an anti-miR targeting miR-17 in Phase 1 development to treat autosomal dominant polycystic kidney disease.
On June 25th, Regulus presented additional data from its rare kidney disease program. The data demonstrated clinical proof of mechanism by showing target engagement in the kidneys by a statistically significant increase in urinary biomarkers PC1 and PC2. This validates miR-17 as a target for ADPKD treatment. The company’s RGLD4326 was well-tolerated with no serious adverse events.
One year ago, RGLD stock was under $0.70 per share. Now on July 1st, RGLS stock price is at $0.82 per share on average. While trading in the past month has been slightly underwhelming, investors seem hopeful about the future. Keeping this information in mind, will RGLD stock make your watchlist in July 2021?2 More Penny Stocks For Your Watchlist Right Now Is July the Month That Penny Stocks Take Off?
Investors looking for penny stocks right now are in an advantageous position. While the market was trading mostly sideways in the past few months, now we seem to be witnessing a bullish reversal.
With the stock market hitting all-time highs right now, many investors are confident in the future of both penny stocks and blue chips. And for that reason, some traders are wondering if July will be the month that penny stocks take off.