Looking For Penny Stocks To Buy Now? 3 To Know About As 2021 Ends
Are These 3 Penny Stocks Worth Watching Right Now
If you’re looking for the best penny stocks to buy, there are hundreds to choose from. As a result of the sheer number of penny stocks out there, finding the best ones for your watchlist is all about understanding where to look. In addition, traders will benefit heavily from having a strong bank of research as to what is affecting the stock market right now.
As we’ve talked about numerous times, the largest impacting factor on the stock market in the end of 2021 is the Omicron variant. Right now, cases around the world are surging in response to the variant, and markets are doing just the opposite. While today, the stock market managed to climb significantly, the past few trading days have not been so lucky. It’s also worth noting what the ‘Santa Claus rally’ is. This is a phenomenon where at the end of the year, both penny stocks and blue chips tend to rise in value.
Jim Cramer, a CNBC talkshow host tweeted, “Historically, today is the day the Santa Claus rally starts. It worked during 2007-2009. So it is hard to doubt.” Although it is hard to say with 100% certainty, this is an interesting fact to keep in mind. With that considered, let’s take a look at three penny stocks to add to your watchlist right now.
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Category: Penny Stocks to Buy
