The world of penny stocks is fast moving. To be successful, you need to make a daily list of stocks to watch and potentially trade.
Many new traders feel a little overwhelmed at first. How do you choose which stocks to put on the list? It all starts with looking for big percent gainers. Keep reading for more about how to create your own penny stock watchlist.
First…
News Making Penny Stocks On This List Move
Cannabis stocks are on the move. A House vote on the Marijuana Opportunity Reinvestment and Expungement (MORE) Act is set for this week. If passed, it could expunge thousands of cannabis-related convictions. Also, it would raise money through a 5% tax on cannabis product sales.
If the House passes the bill, it still needs to get through the Senate. With control of the Senate still undecided, there are hurdles.
Read More
Read these posts to learn about more penny stocks I’m watching and why…
- Top Penny Stocks To Watch (Updated monthly)
- 5 Top Tech Penny Stocks to Watch in 2020
- 10 Top Penny Stocks on Nasdaq to Watch in 2020
Weekly Top Penny Stocks List: November 30, 2020
Top Penny Stocks To Watch This Week #1: Alpine 4 Technologies Ltd (OTCQB: ALPP)
ALPP started spiking recently after announcing a merger with drone maker Impossible Aerospace. (IA)
Alpine 4 CEO Kent Wilson said, “The essence of Alpine 4 is our business model of DSF — Driver, Stabilizer, Facilitator. For the past 4 years we have been actively acquiring revenue-generating companies that fall into the Stablizer and Facilitator categories. […]
“I recognized early on that Impossible Aerospace was what I call a unicorn Driver company. They checked off all the boxes; patented or patentable IP, leading-edge technology, well-funded development behind its IP, and market space of $5 billion or larger.” Read the full press release here.
ALPP spiked again on news that Impossible Aerospace completed the final milestone of a U.S. Air Force contract.
The Alpine 4 CEO said, “This was a big milestone for IA of which we find confidence inspiring for procurement of future contracts. […] Going forward, the team will be working hard to secure additional service-related contracts associated with this drone delivery.”
Here’s the ALPP one-year chart:
ALPP is up 771% since the merger with Impossible Aerospace was announced. It’s tough for me to chase, especially since I was buying it in the 8 cent per share range. So even though ALPP closed strong on Friday, I’d prefer to wait for a potential dip buy into any big intraday panic. See my ALPP trades here.
Top Penny Stocks To Watch This Week #2: Enzolytics Inc. (OTCPK: ENZC)
Enzolytics develops drugs for the treatment of HIV and, more recently, coronavirus. ENZC started spiking after an investor update on development of anti-HIV and anti-Coronavirus monoclonal antibodies…
“We are making great progress on our plans to further develop additional anti-HIV monoclonal antibodies and to now begin the production of fully human monoclonal antibodies targeting the CoronaVirus.
“On December 1, we are expanding our lab to the campus of Texas A&M University at its Institute for Preclinical Studies. This expansion will allow us to complete production of monoclonal antibodies against both the HIV virus and the CoronaVirus and collaborate with the biopharma experts on the campus.
“Although we have NIH grant applications pending for the production of anti-HIV and anti-CoronaVirus monoclonal antibodies, we have secured funding that allows us to proceed without delay.” Read the full press release here.
Here’s the ENZC 1-year chart:
ENZC is up 497% since the investor update on November 13. As with ALPP, I’d prefer dip buys into any big intraday panic. See my ENZC trades here.
Top Penny Stocks To Watch This Week #3: Very Good Food Company Inc. (OTCQB: VRYYF)
Canadian based The Very Good Food Company is a new entrant to the meat-alternative sector. The company has traded in Canada since June (CSE: VERY) and in the U.S. since August.
VRYYF trading volume picked up in mid-October. Record orders for the company’s popular “The Stuffed Beast” prompted this from CEO Mitchell Scott…
“We are delighted to see not only record demand for one of our most popular products, but continued repeat orders from key partners Whole Foods and Sobeys.
“As we look to expand across their large combined network, the robust sales velocity we are experiencing at the stores we’re currently in gives us a lot of optimism for the future.” Read the full press release here.
An announcement of a veteran plant-based food production executive as the new company president sent VRYYF to new highs last week.
Ana Silva, the incoming president, said, “I’m so excited! The possibilities in the plant-based food industry are endless, and I believe the plant-based movement will secure our long term global food supply.
“So why Very Good Food? Three things: The founders are innovative risk-takers with a great vision. The core values and purpose are truly inspiring. And finally, this company is at the early stages of growth, which for me, is another critical element that has me excited. What more could I ask for?”
Check out the VRYYF three-month chart:
VRYYF is up 261% since it debuted in August and 76% in November. I’m watching VRYYF for any big intraday — preferably morning — panic. I won’t chase. See my VRYYF trades here.
Let’s close out this week’s penny stocks list with two companies poised to benefit should Congress pass the MORE Act of 2019…
Top Penny Stocks To Watch This Week #4: Aurora Cannabis Inc. (NYSE: ACB)
Aurora Cannabis is active in the U.S. CBD market. But in Canada, Aurora has several medical and recreational cannabis brands. If the U.S. cannabis prohibition gets lifted, the company could take advantage of the sizable U.S. market.
Being a leader in the sector, ACB is getting a lot of mention in the financial press. But keep in mind that for the MORE Act of 2019 to become law, it must pass both the Democrat-held House and the Senate. Which means there are still hurdles.
In the meantime, ACB is riding the speculation. Notice the uptrend to the right of this one-year chart…
ACB was up 16% last Friday. I don’t usually like 3-letter tickers and higher-priced stocks. But the entire sector spiked on news of the House vote this week. I’m watching closely for potential dip buys. I won’t chase as this one trades very choppy.
The final stock on this week’s penny stock list is another cannabis company riding the hype…
Top Penny Stocks To Watch This Week #5: Tilray Inc. (NASDAQ : TLRY)
Tilray is a Canada-based cannabis company with a global footprint. The company has subsidiaries in Europe, Australia, and Latin America. Decriminalization of cannabis by the U.S. government would open a new market for its products.
On November 23 and 24, Tilray announced debt-reduction measures. It agreed to repurchase a portion of its 5.00% Convertible Senior Notes due in 2023 at a discount. Read both press releases on this recent 8-K filing. (SEC filings got you confused? Learn to read them with my “Read SEC Filings” guide.)
Here’s the TLRY three-month chart:
Like the other high priced tickers on this week’s penny stock list, I’ll watch TLRY closely for potential dip buys. Preferably into any big morning panic.
How to Create Your Own Penny Stock List
Want to know how to create your own watchlist? To start, look for big percent gainers. For two decades, big percent gainers has been my #1 criteria. After that, I look at trading volume and catalyst or reason behind the price action. Read “Stock Watchlist Guide: Tips & Examples to Develop Your Own” for details about the entire process.
How to Use the Weekly Top Penny Stock List
When you read the weekly penny stock list (and the monthly watchlist), don’t think of them as hot picks. Frankly, sometimes they’ll be duds. That’s why it’s called a watchlist. Welcome to penny stocks.
👉🏼SUBSCRIBE to my FREE weekly stock watchlist here.
Instead, try to figure out why I’ve put the stocks on my list. Study so you can become a self-sufficient trader. Only fools chase hot picks.
What do you think about the weekly penny stocks list? Comment below, I love to hear from all my readers!
The post Weekly Top Penny Stocks List: November 30, 2020 appeared first on Timothy Sykes.