Check These 3 Penny Stocks Out in January 2022
With so much going on in the stock market right now, it can seem difficult to find the best penny stocks to buy. However, because there are so many factors at play, understanding where to look can mean the difference between profits and losses. While trading penny stocks today and in the past week has not been easy, there are several penny stocks that are still making headway.
In the past few trading days, we’ve seen biotech stocks take a front-row seat, with other industries following behind. As you may know, today, we witnessed the Dow drop by more than 600 points with bond yields rising and earnings season getting off to a shaky start. All of these are worth considering as they have major and material effects on how penny stocks trade.
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So, while it is complicated to understand how to make money with penny stocks given these extraordinary factors, it can be done. Because penny stocks are so speculative, understanding how each of these factors will affect your portfolio is crucial. And, with the pandemic still in full effect, there are a lot of aspects to keep track of in 2022.
But, with the right information by your side and a commitment to understanding how to trade, it can be much easier than previously imagined. With that in mind, let’s take a look at three penny stocks to add to your watchlist in January 2022.
3 Penny Stocks to Add to Your Watchlist in January
DatChat Inc. (NASDAQ: DATS)
Today, shares of DATS stock shot up by over 44% by EOD. Before we get into why, we have to take a look at what DatChat Inc. does. DatChat Inc. is a tech penny stock working in the fields of blockchain, cybersecurity, social media, and much more.
It offers its DatChat Messenger and Private Social Network technology which is a major service for its customers. Today, the company announced that it has initiated a development platform for web 3.0. This platform will facilitate the protection of NFTs and encrypted messaging.
“The construction and implementation of this innovative platform is a critical step in DatChat’s strategic growth plan. By utilizing our proprietary technology, our platform will allow users to safeguard their data and digital assets in a completely decentralized environment.”
The CEO of DatChat, Darin Myman
Right now, blockchain, NFTs and anything pertaining to those are extremely popular. And as a result, DATS stock has increased significantly in value today. In addition, the company has big plans to move further into the Metaverse with Mark Mathis as its Chief Blockchain Architect. So, with all of this exciting news in mind, will DATS be on your list of penny stocks to watch?
Kosmos Energy Ltd. (NYSE: KOS)
In the past month, shares of KOS have climbed by over 47% with an 8% and 4.8% gain in the past five days and today respectively. Because of this, we’ve covered KOS stock several times since December of 2021. But, today’s gain comes from exciting news regarding the company’s plans to complete drilling at its Winterfell-2 appraisal well in the Green Canyon area of the Gulf of Mexico. The company states that this well could have better oil saturation than the company expected, and could hold up to 100 million barrels gross.
“The positive result from Winterfell-2 appraisal well demonstrates the greater potential in the Winterfell area. The well results are encouraging and provide the support needed to advance a low-cost, lower-carbon development scheme that could be brought online in around two years.”
The CEO of Kosmos Energy, Andrew G. Inglis
In the past few months, we’ve witnessed major momentum in the energy industry. This momentum has been with both green energy companies and those like Kosmos, working in the fossil fuel sector of the market. So, considering all of this, will KOS be on your penny stocks watchlist this month?
Gaotu Techedu Inc. (NYSE: GOTU)
With a 4% gain at EOD today, GOTU stock is once again focus for many investors. In the past five days, that number jumps to over 13%, which is no small feat. And with the previous yearly performance of the Chinese education sector, these recent gains are a welcomed advancement. The most recent news from the company came in an update on January 13th.
In the update, the company stated that it has begun moving to streaming e-commerce as well as the sale of agricultural products online. After months of working on what to do following the major crackdown on Chinese education companies, many are still figuring out how to proceed. The founder of Gaotu, Yu Minhong, has stated his refusal to shut the company down with over 50,000 employees depending on him. Because of this, the company is now looking for any opportunity to keep its business afloat.
Additionally, Gaotu is not alone in this regard with other players like EDU stock, also following suit. So, while there is a lot for the company to figure out right now, there is also a lot on the horizon. And with its high volatility, it may be worth taking a step back. But, with this movement has also come potential for some investors. So, with all of that considered, it’s up to you whether GOTU stock is worth buying or not.
Which Penny Stocks Are You Watching Right Now?
If you’re looking for the best penny stocks to buy, there are hundreds of options to choose from. But, to make money with penny stocks you have to have a thorough understanding of what is going on in the stock market. And right now, this includes the pandemic, high inflation, interest rate increases, and the potential for more Covid cases.
So, keep all of these things in mind and use them in your trading strategy. In 2022, having a trading strategy is the best thing you can do to increase your chances of profitability. With all of that in mind, which penny stocks are you watching right now?
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