3 Hot Penny Stocks To Add To Wish List For 2022
With the New Year only a few days away, there is a lot of bullish sentiment with the small stocks at the moment. Although the past month or so hasn’t been an easy time for those investing in either the low-interest or blue-chip stocks, we’re seeing a major bullish rally right now.
What is the Santa Claus Rally?
One of the main reasons for this is what investors refer to as the March of Santa Claus. This is a phenomenon where the stock market tends during the last five days of the year to an upward trend. The rally took place over the past several decades and was not characterized by any fundamental trading style, but rather a purely social one. With Tuesday showing a bullish start to the fifth consecutive day of trading, investors are getting excited and apprehensive about the near future.
[Read More] 3 Trending Penny Stocks To Add To Your Wish List Right Now
Now, before the rally, the entire stock market seemed to be dropping dramatically. This came on the back of the Omicron variant that has wreaked havoc on global markets over the past month or so. As a result, many stocks were experiencing significant bearish sentiment. So, are we really out of the bear market from the Omicron variant? Or is this just the result of Santa Claus’ walk? Either way, let’s take a look at three penny stocks to watch as they soar right now.
3 Penny Stocks to Watch During the Santa Claus Rally Right Now
- Reliance Global Group, Inc. (NASDAQ: RELI)
- Biondvax Pharmaceuticals Inc. (NASDAQ: BVXV)
- Kandi Technologies Group Inc. (NASDAQ: KNDI)
Reliance Global Group, Inc. (NASDAQ: RELI)
RELI stock is one of the biggest gainers in the pre-market today, up more than 33% during early morning trading. It’s worth noting that we covered RELI stock several times in the past few days due to its five-day gain of over 88%. As we mentioned yesterday, the majority of the movement with RELI stock now has to do with the proposed acquisition of Medigap.
Additionally, other company assets such as 5MinuteInsure.com have proven beneficial to Reliance. Regarding this, the company announced private placement pricing of $20 million just a few days ago. The offering, which will sell shares at $4.09, should give the company ample capital to move forward with acquisitions as well as marketing activities for its other assets. If you’re not familiar, Reliance has combined advanced technology with traditional insurance services. This includes the 5MinuteInsure.com platform as well as the companies that have been acquired.
Although its main gains in the past few trading days have been highly speculative, investors are showing bullish interest in the company. However, with a move like this, traders should also be careful about a possible correction. Given all of this, will RELI stock be on your small stock watch list going forward?
Biondvax Pharmaceuticals Inc. (NASDAQ: BVXV)
Other big gainers in the pre-market on Dec. 28 were BVXV stock, which was up about 31% during morning trading. This brings her five-day gain to a very respectable 46%. Despite losing more than 28% year-to-date, BVXV shares have seen a massive bullish turnaround in the past few trading days which has investors excited. So why is BVXV stock moving now?
[Read More] Top penny stocks to buy now? Check out these three for the New Year
The main reason for this comes as the company is working with the Max Planck Society and the University Medical Center Göttingen to develop antibodies to Covid-19. These nano-sized antibodies are aptly known as NanoAbs. The company states that NanoAbs have the ability to deliver “super affinity to the target, neutralizing SARS-COV-2 virus, in vitro, at drug concentrations approximately 100 times lower than those required by currently available monoclonal antibodies.”
This is major news and the obvious reason why BVXV stock is moving at the moment. To capitalize on its recent equity gains, the company also announced pricing for its $9 million IPO yesterday, December 27. It states that it will offer approximately 3.8 million US deposit shares at a price of $2.36. This proceeds will go directly to the NanoAbs project. Whether all of this makes BVXV stock worth adding to your list of cash stocks to keep an eye on is up to you.
Kandi Technologies Group Inc. (NASDAQ: KNDI)
KNDI stock is another solid gainer during the pre-market period, up more than 12%. While many big wins have been speaking without news, Candy recently announced an exciting business update. The company stated that its subsidiary, Jiangxi Province Huiyi New Energy Co., Ltd. Ltd. , concluded an agreement for the mass production of lithium iron phosphate battery. It states that the battery density of the LFP 18650 battery is a significant achievement.
“With technology-leading LFP batteries entering the market, we believe Kandi and Huiyi can benefit from synergies based on our complementary strengths in research and development and target markets. We are confident that Kandi can strengthen its market position in the supply chains of various vehicles. electric while we integrate Huiyi into our operations.”
Chairman and CEO of Kandi Technologies, Mr. Hu Xiaoming
If you are not familiar with the company, Kandi is engaged in the research, development, manufacture and sales of a wide range of vehicle related products. This includes electric vehicles and batteries for electric vehicles. It has a large number of subsidiaries that all contribute to its overall product offering, making it one of the leading manufacturers of electric vehicle parts and off-road vehicle parts. Given all this, do you think KNDI stock is worth buying now or not?
What Penny Stocks Should You Buy Next Year?
While finding the best cash stocks to buy in 2022 can be challenging, there are hundreds of options to choose from. As a result of the huge number of options available, investors need to be selective and have a complete understanding of the cash stocks in their listings. This is the best way to get a great opportunity to make money from small stocks.
[Read More] 5 penny stocks to buy in 2021 that turned $2,500 into $31,530
Now, investors also need to think about what’s going on in the stock market and how that will contribute to the stocks on their watch lists. Since cash stocks are highly volatile, mundane factors tend to have a large role in how they are traded. With all that in mind, what cash stocks will you buy next year?
If you enjoyed this article and you are interested in learning how to trade so that you have the best chance of earning consistently, then you need to check out this YouTube channel. Click here now!