3 Penny Stocks to Add to Your 2022 Watchlist
If you’re looking to make a penny stocks watchlist, there are plenty of factors to consider. As always, understanding what is going on in the economy and how to take advantage, will be a major asset to trading penny stocks. One of the major factors for investors to consider today is Fed Chair Jerome Powell’s testimony in front of the Senate.
This is part of the re-confirmation process for the Chair, and Powell will discuss policies that could affect the economy moving forward. If we look from a broader perspective, we see that the bulk of movement right now is centered around Covid and the Omicron variant. While it is hard to say with certainty what will happen with Covid in the coming months, we do know that investors expect case numbers to begin falling in that time.
But, the lasting effects of the pandemic such as inflation and employment, will continue to pose a threat to the stock market. In relation to penny stocks, it’s important to consider how markets are moving and how to take advantage. This can be done with a consistent understanding of how to trade and what industries could be affected moving forward. With that in mind, let’s take a look at three top penny stocks to add to your watchlist right now.
3 Penny Stocks top Watch in January 2022
Splash Beverage Group Inc. (NYSE: SBEV)
One of the largest gainers of the day so far is SBEV stock, which shot up by over 50% at midday. This is a sizable uptick and comes alongside big news for the company. While many gains like this can occur without reason, it’s important to deduce answers when a stock climbs this substantially. Today, Splash Beverage announced that it received authorization to put its beverage TapouT in Walmart stores in Florida.
“We are thrilled with this Walmart authorization, and this is a wonderful way to start 2022. Walmart is extremely selective in the brands they choose to offer their shoppers and selecting TapouT is great validation that TapouT can compete at the highest level with the biggest global brands. We are grateful to Walmart for the opportunity, and equally grateful to our distribution partner AB One and the Anheuser Busch network.”
The CEO of Splash Beverage, Robert Nistico
With the beverage industry, the largest factor to growth will always be distribution. And as a result of this authorization, SBEV has another channel for distributing its products in a widespread manner. While the full effects of this likely won’t be felt for some time, this is without a doubt an exciting prospect. Considering that, do you think that SBEV is worth adding to your list of penny stocks to watch?
Farmmi Inc. (NASDAQ: FAMI)
Another decent gainer during trading today is FAMI stock, pushing up by over 4.8% at midday. In the past month, shares of FAMI have climbed by around 9.5%, which is no small feat. Before we get into it any further, it’s crucial to consider that FAMI stock is highly volatile. Because of its low price and the rate at which it puts out news, shares of Farmmi Inc. can move very frequently and in large amounts.
If you’re not familiar, Farmmi is a producer of a large range of agricultural products. These products consist of edible Fungi such as Mu Er mushrooms, Shiitake mushrooms and so on. Based in China, Farmmi exports these products around the world to countries such as Israel, and many across Europe. Only a week ago, the company announced that it received a municipal-level agricultural leading enterprise designation and monetary award from the Chinese government.
“We are honored to receive this important Government’ designation. Farmmi has invested significantly in our core agriculture business, helping to create meaningful jobs and benefitting local economies along the way, as we built out our supply chain, storage, processing and logistics capabilities.”
The CEO of Farmmi, Ms. Yefang Zhang
This is great news for the company and should help it significantly in the near future. Whether this makes FAMI stock worth buying however, is up to you.
Meten Holding Group Inc. (NASDAQ: METX)
While Meten’s 2.4% gain today is nothing to write home about, we have seen a small bullish streak with the company in the past few trading sessions. Now, shares of METX stock are seeing higher volume today following an exciting announcement from the company.
Early in premarket, Meten announced that it has begun preliminary trial operations for its cryptocurrency mining business in Pennsylvania. This comes alongside its previously announced strategic partnership with AGM Group Holdings Inc. now, the company states that its miners should be fully operational by the end of this month. If you’re not familiar with this deal, the company states that AGMH has already delivered 1,335 Bitcoin mining machines.
Now, it plans to increase its computing power capacity to 135P. While Bitcoin has seen a bearish past week or so, many investors still believe in the long term bullish future of the cryptocurrency. And for this reason, this deal could be worth considering. So, do you think that METX is worth adding to your penny stocks watchlist this month?
Which Penny Stocks Are You Buying Right Now
If you’re looking to find the best penny stocks to buy, there are hundreds of options to choose from. While it can seem like a daunting task to pick just a handful for your watchlist, knowing what is going on in the stock market and the world can be a great place to start. Because penny stocks are so volatile, having a consistent understanding of how penny stocks are moving will be a major benefit to your investing.
In addition, knowing how to trade penny stocks, will contribute greatly to you taking advantage of the current state of the market. Right now, the largest impact continues to be the Omicron variant of Covid. However, we also have economic factors to consider such as Powell’s testimony today and long term inflation. With all of this in mind, which penny stocks are you buying right now?
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