There’s plenty to get excited about in the stock market today, and penny stocks are part of the equation. Broader indexes have rallied on the back of the FOMC meeting along with Fed Chair Powell’s commentary. Thanks to that, growth stocks were back in clear focus. This saw industries like tech gain some much-needed steam heading into the session. The tech-heavy Nasdaq was up nearly 1% by the lunch hour. Meanwhile, the S&P 500 reclaimed the 50-day moving average, a significant technical level, by mid-day on Thursday.
The unbridled optimism has traders taking a risk-on approach. It has also helped give a boost to small- and micro-cap stocks. The Russell 2000 Small-Cap ETF (NYSE:IWM), for example, was already up 1.5%by the early afternoon. The trend echoed from a similar move made by the iShares Microcap ETF (NYSE:IWC), which had climbed more than 1.6% during the first half of the day.
In this article, we’ll take a look at some penny stocks that have followed this trend in tech. Bullishness has extended gains for many; momentum is red hot right now, and they are also trading below the $1 threshold.
Hot Penny Stocks To Watch
Alpha Esports Tech (OTC:APETF)(CSE:ALPA)
One of the hot areas of the tech space this year is esports and online entertainment. Thanks to the pandemic, we’ve gotten used to viewing things from afar. Esports has fit easily into this fold thanks to its natural online habitat. Alpha Esports is one of the recently debuted public companies that entered into this arena in 2021. Thanks to a rapid initiative to build market share, the company’s approach to strategic partnerships & working relationships has helped expand Alpha’s reach in esports.
It’s all about data and userbase and has been one of Alpha’s core focuses so far. In fact, if you look at the last few updates, they include more than ten new partnerships designed to expand its global reach and userbase. Alpha’s GamerzArena platform is being leveraged to create a unique ecosystem that wraps in novice and professional gamers alike. There are also ways gamers can go beyond simple gameplay and gain access to a pool of scouts looking for the next generation of pro esports athletes.
What To Watch With Alpha Esports
What’s more, Alpha said it has already partnered & worked with big names in sports, entertainment, and education. This includes a roster of names like The New Jersey Devils, The Vancouver Whitecaps, Barstool Sports, ESPN Radio, Devil Child, Oxygen Esports, Notre Dame, Syracuse University, and Penn State, to name a few.
Most recently, Alpha became the Official Online Gaming Portal of Nets Gaming Crew, the NBA 2K League affiliate of the Brooklyn Nets. Spanning the global scale, including India, Brazil, and North America, Alpha is quickly building a solid footing in the market. Led by experienced names from Red Bull, Reel One Entertainment, The Golden State Warriors, Mount Sinai, Victory Square Technologies, Activision, and Atari, Alpha is emerging as one of the esports stocks to watch in 2021.
DarkPulse Inc. (OTC:DPLS)
We’ve discussed Darkpulse numerous times in the past. With the growing interest in expanded infrastructure initiatives, companies involved in everything from raw materials and construction to new smart city technologies have emerged. DarkPulse specializes in security management solutions and, more precisely, ultra-high sensitivity infrastructure monitoring technology.
Its tech allows users to access a stream of metrics for assessing the health and security of certain infrastructure. According to the company, its sensing technology can monitor everything from pipelines and mining data to identifying structural issues within the aerospace and aeronautic engineering settings.
What To Watch With DarkPulse
The recent acquisition of TJM Electronics helped the company expand its R&D and manufacturing capabilities. Dennis O’LearyDarkPulse, Chairman and CEO, said that “Acquiring TJM will bring DarkPulse immediate expansion of our Research and Development capabilities including prototyping while allowing us to develop additional proprietary components and manufacture those components in house.”
Adding to momentum this week was news that DarkPulse signed a research and development deal with the University of Arizona. It aims to develop a patented instrumented rock bolt for monitoring the stability of underground openings in mining applications.
HUMBL Inc. (OTC:HMBL)
Another one of the tech penny stocks we’ve discussed plenty this year is HUMBL Inc. The company specializes in financial technology applications. These include everything from non-fungible tokens (NFTs) and blockchain technology to digital payments and ticketing.
September has become an active month for the company. HUMBL launched its NFT gallery with an initial 15 original collections. The company has also included an offering of what it calls “white glove” creative services. HUMBL can partner with clients, including pro athletes, photographers, designers, and the like. The primary goal is to curate original content to offer on its platform.
What To Watch With HUMBL
Furthermore, HUMBL launched its ticketing platform for providing low-cost premium seating options for numerous events, including live sports and concerts. This new arm is set for cross-brand inclusion with HUMBLs existing subsidiaries, Monster Creative and Tickeri, to develop immersive digital experiences and even commemorative ticketing NFTs in HUMBL’s Mobil Pay wallet. With growing interest in the Internet of Things, HMBL stock has been one that some retail traders have watched closely over the last few quarters.
Sesen Bio Inc.
Tech doesn’t have to only be information technology. Biotechnology has also taken a bright spotlight in the stock market today. Sesen Bio remains one of the penny stocks under $1 to watch this quarter. Shares plummeted after lackluster results sparked concern in the market. The company reported that the FDA couldn’t approve a Biologics License Application for its Vicineum bladder cancer treatment. The FDA then gave recommendations to Sesen in providing additional clinical data to move forward. Since then, SESN stock has struggled to reclaim previous levels.
What To Watch With Sesen
Momentum has remained a focus for traders, and Sesen stock has held a range between $0.75 and $1 over the last few weeks. The company has also focused on advancing its existing pipeline. Earlier this month, an 8K showed an update related to a research agreement entered into in 2017 with the National Cancer Institute. It was for Vicineum combined with AstraZeneca’s (NASDAQ:AZN) durvalumab for treating bladder cancer. Preliminary data from an interim analysis of 12 patients showed the combination was well-tolerated. No new safety signals emerged either.
In light of this, SESN stock has remained one of the biotechs to follow as speculative trading plays its part in the market this month.
Are Penny Stocks On Your Watch List This Month?
Thanks to recent bullishness in the market, traders seem to have taken on some additional risk. Small-cap stocks & micro-cap stocks have gained ground and have become well-known for this higher ratio of risk/reward. If you know how to handle that type of volatility, there may be a few penny stocks to add to your watch list before the end of the week.
Pursuant to an agreement between Midam Ventures LLC and Alpha Tech INC Midam has been paid $300,000 for a period from February 12, 2021, to April 2, 2021. We may buy or sell additional shares of Alpha Tech INC in the open market at any time, including before, during, or after the Website and Information, to provide public dissemination of favorable Information about Alpha Tech INC. Now extended from 6/30/2021 to October 29, 2021 & no additional compensation of any kind has been received by MIDAM. Click Here For Full Disclaimer.
The post Hot Tech Penny Stocks Under $1 To Watch Right Now appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.