3 Penny Stocks For Your August 2021 Watchlist
In 2021, penny stocks and the entire stock market has seen its fair share of ups and downs. Marked by the pandemic and resulting market influences, 2021 has been a banner year for market volatility.
As with the past year and a half, right now, the largest mover and shaker in the market is Covid-19. With the advent of the Delta variant, many investors have returned to their pre-recovery investing mindsets. This means that more stable penny stocks are in focus, alongside the more volatile ones.
And this week, we will see many retailers such as Target Corp. (NYSE: TGT), and Walmart Inc. (NYSE: WMT) report their latest numbers. Many expect the reports to be quite good as retail sales have increased in the past year or so which could be a good sign for economic growth.
But, in tandem with this, Delta variant-related cases continue to rise nationwide and worldwide. While a few weeks back, many thought the darkest days of the pandemic were over, the recent uptick in cases has changed that. So, with a lot of uncertainty in the air, let’s take a look at three penny stocks to watch in August 2021.
3 Penny Stocks to Watch in August 2021
Genius Brands International Inc. (NASDAQ: GNUS)
Genius Brands International is an entertainment company that creates and licenses content. The company has various content assets such as SpacePop, Llama Llama, Warren Buffet’s Secret Millionaire’s Club, and many more. Genius Brands’ content is targeted towards children from toddlers to tweens.
Over the course of the pandemic, the demand for content has driven up dramatically. Initially, this was the result of more people being at home. But, in August 2021, that demand remains high despite no stay-at-home orders still in place in the U.S.
On August 2nd, the company announced that its Rainbow Rangers series is rapidly growing in popularity. Genius Brands stated that the show has now broken into the top 10 of all children’s programs on Netflix.
“Rainbow Rangers is a special series that is clearly resonating with young audiences around the world as we continue to build our viewership with new partners, such as Netflix, coming on board.
To crack the Top 10 for the first time so quickly on Netflix, coupled with the traction we’re gaining on Amazon and our own platform, Kartoon Channel!, is a testament to the strong appeal of the themes and positive messaging of the show.”
The EVP and General Manager of Global Franchise Management at Genius Brands, Kerry Phelan
New shows are always exciting for entertainment companies. And in the world of children’s entertainment, this is the method that companies use to continue progressing. Keeping all of this information in mind, will GNUS make your list of penny stocks to watch in August?
MICT Inc. (NASDAQ: MICT)
MICT Inc. is a tech penny stock that’s climbed in value by almost 7% in the past five days. This company sells mobile computing devices and software for fleet operators. MICT is involved in the design, development, manufacturing, and sale of these products. The company also offers online brokerage services for trading equities and insurance product sales through a trading tech platform.
Right now, tech penny stocks are on fire, and investors cannot get enough. However, it is important to consider what the company does, and what the long term of that business could be. While MICT is a B2B company, it likely has been taking advantage of the shortage of microprocessors and therefore, higher demand. Since mid-May, shares of MICT stock have climbed by almost 60%, which is quite substantial.
On June 7th, the company announced that its board has approved $60 million in capitalization for its wholly-owned subsidiary Magpie Securities. This capitalization is for Magpie to fund its stock trading platform launch. $30 million will be in the form of equity capital, and if the Hong Kong Securities and Futures Commission approves, the other half will be by intercompany subordinated loan.
“With the upcoming launch of our mobile stock trading app, the $60M investment in Magpie will properly capitalize the business to support our ambitious growth plans and provide the ability to offer competitive margin and IPO funding to our underlying customers.”
CEO of MICT, Darren Mercer
Now the company plans on releasing its second-quarter financial results on August 16th. With this to note, is MICT stock a contender for your penny stocks watchlist?
McEwen Mining Inc. (NYSE: MUX)
McEwen is a mining penny stock that has climbed by around 6% in the past few trading days. This company develops, produces, and sells mineral resources. McEwen sells silver, gold, and copper. The company owns a 100% interest in the El Gallo project, Fenix project, and the Black Fox mine. All of McEwen’s properties are located in the United States, Mexico, Canada, and Argentina. Because of this broad scope, McEwen is positioned to take advantage of the growth of several different mining industries.
On August 4th, the company reported its second-quarter and first-half results for 2021. The company announced that it is on track to meet its 2021 production guidance at its current rate. In addition, McEwen has continued to update investors on several new projects that are in the works.
Back in July, the company announced that a subsidiary holding 100% of the Los Azules copper project would be raising financing for the continued development of the project. The subsidiary will also fund a modest exploration program for its Elder Creek copper exploration property. McEwen plans to raise $80 million in a private offering, in which the CEO of the company Rob McEwen has committed $40 million of. Keeping this information in mind, is MUX going to make your list of mining penny stocks to watch?
Which Penny Stocks Are You Watching Right Now?
With so much going on right now, it can be difficult to pick a strategy and stick to it. However, after periods of economic uncertainty, we usually see a recovery in play.
While there are a lot of factors to consider for your penny stocks watchlist, thinking outside of the box could help to keep you in the green. With all of this in mind, which penny stocks are you watching right now?