You cannot question this… Penny stocks have been smoking hot so far in 2020. It hasn’t mattered if you were just looking for penny stocks to trade or if you’ve been trying to make an investment in penny stocks, with a relatively inexpensive price, these stocks have been rife with potential to earn major gains. That said, some of these penny stocks are not even worth giving the time of day and haven’t been able to make short-term surges.
What is important is this: You need to keep learning. Do your research and due diligence, Find new penny stocks to track. It is key, however, that you have a strategy/plan in place while doing so. Sure, I might mention this a lot, but it’s only because it is vital to have potential success. If this was easy, everyone would do it. To be consistently making profits does not come easy. A strategy must be in place to succeed.
One thing you can always be working on is trying to identify trends. It could start by looking at a penny stock’s chart or its Level 2. Those are two ways you may find an entry or an exit point that could make your trade potentially profitable (or save your butt). Taking profit is never a bad thing. Sure, at some point you might kick yourself, but as long as you take a small profit, you’re not losing. To get you started today, I want you to look at these handful of penny stocks with significant news releases. Remember, have a strategy.
Top #1 Penny Stock To Watch This Thursday: GNC Holdings, Inc.
GNC Holdings, Inc. (Nasdaq: GNC), together with its subsidiaries, operates as a specialty retailer of health, wellness, and performance products. It operates in three segments: U.S. and Canada, International, and Manufacturing/Wholesale. The company’s products include protein, performance supplements, weight management supplements, vitamins, herbs and greens, wellness supplements, health and beauty products, food and drink products, and other general merchandise. It also provides third-party contract manufacturing services. The company sells its products through company-owned retail stores and its GNC.com Website, e-commerce and wholesale partnerships, and domestic and international franchise activities under the GNC proprietary brands, as well as other third-party brands.
GNC Holdings Inc. has filed for bankruptcy, with plans to close at least 800 to 1,200 locations and possibly sell itself.
The 85-year-old company filed for Chapter 11 protection late Tuesday night in the U.S. bankruptcy court in Wilmington, Delaware.
GNC had been trying to reduce its nearly $900 million debt load amid falling sales at its brick-and-mortar stores when the coronavirus pandemic forced thousands of locations to close temporarily, cutting off a major revenue source. About 2,100 of its 11,000 employees remain furloughed.
The Pittsburgh-based company, whose name is an acronym for General Nutrition Centers, plans a “dual-path” restructuring where it would either be sold as a going concern, or improve its balance sheet by shedding more than $300 million of debt.
Top #2 Penny Stock To Watch This Thursday: Safe-T Group Ltd.
Safe-T Group Ltd. (Nasdaq: SFET) develops and markets cyber security solutions in Israel, North America, the Asia-Pacific, Africa, Europe, and internationally. The company offers on-demand software defined perimeter solutions, which protect access to data and services by separating the access layer from the authentication layer, as well as by segregating internal networks and granting access only to authorized users; and software-defined access solutions that controls and secures data exchange, as well as prevents data exfiltration, leakage, malware, ransomware, and fraud. It serves customers in healthcare, financial services, insurance, retail, manufacturing, law firms, and defense and law enforcement industries, as well as governments and education institutions.
Safe-T® Group Ltd. announced the launch of its Perimeter Access Orchestration Fabric (PAOF) designed to take its leading Zero Trust Network Access (ZTNA) solution to the next level.
ZTNA solutions are designed to help organizations adopt, more effective, security models based on the “never trust, always verify” principle. With the expansion of network boundaries, the required perimeter-based defenses can no longer rely only on firewalls and VPN technologies. At the same time, there is still a huge gap between exploiting the potential of ZNTA technologies, and the actual use cases, capabilities, implementations, and end results.
“Organizations tend to think that the adoption of a Zero Trust-based network is difficult, expensive and entails operational risks,” said Amir Mizhar, Co-Founder, director, President and Chief Software Architect at Safe-T Group. “The result is that the huge technological potential of ZTNA is unfulfilled. Using Safe-T’s transparent deployment, we offer a unique network-centric ability to implement our solution within corporate network VPNs, firewalls and application services, allowing seamless integration across all legacy infrastructure and authentication services.”
Top #3 Penny Stock To Watch This Thursday: IZEA Worldwide, Inc.
IZEA Worldwide, Inc. creates and operates online marketplaces that connect marketers and content creators. Its technology solutions enable the management of content workflow, creator search and targeting, bidding, analytics, and payment processing. The company engages creator for influencer marketing campaigns, or to create content for the marketers’ use and distribution. It primarily sells influencer marketing and content campaigns through sales team and platforms.
IZEA Worldwide, Inc. provided an operations update to investors today. The company has revised and increased its Q2 2020 Managed Services bookings outlook from 25%+ to 40%+ following a series of new customer wins and renewals from existing customers. In addition to previously announced contract wins, the company has seen the return of another Global Fortune 500 customer, an electronics manufacturer, since the last update the company provided.
“Managed Services has seen meaningful year over year growth in Q2 despite the customer impacts surrounding COVID-19,” said Ted Murphy, IZEA’s Chairman and CEO. “I am incredibly proud of what our team has been able accomplish during a time of unprecedented global change. Many businesses are seeing dramatic decreases in sales and disruption of operations. The ability to deliver growth in these times underscores our adaptability and customer sector diversification. We also believe that COVID-19 has accelerated the shift in marketing spend for large advertisers, with the influencer marketing category being a net beneficiary. We are still very much so monitoring the changing landscape as it relates to COVID-19, but we are optimistic given the recovery of the core business since the effects of the pandemic were first felt.”
Bookings are a measure of all sales orders, minus any known or expected cancellations or refunds with respect to such sales orders or refunds. Management uses bookings to inform expectations of total sales activity. Subsequent revenue recognition and effective margins vary by revenue stream, and bookings are not always an indicator of revenue for the quarter and could be subject to future adjustment.