I increased my stake in Penn West (NYSE:PWE) earlier this week because the market provided me with an opportunity to lower my cost basis. Crude oil has just experienced a renewal of bearish fundamentals, a change from what seemed to be rather neutral fundamentals post-cut by OPEC in Vienna back in late November. Inventories are clearly the large problem, but it’s going to take a substantial....More>>>
With legal marijuana sales in North America expected to climb from $6.7 billion in 2016 to over $20 billion by 2020, the prices of some marijuana penny stocks will skyrocket right along with the 198% increase in sales.
Marijuana penny stocks are still speculative investments, and only some will see their share prices jump thanks to the industry’s growth. But we want to make sure....More>>>
Hot penny stockscan bring investors double-digit returns in a short amount of time. For instance, AVEO Pharmaceuticals Inc. (Nasdaq: AVEO) surged 332%, from $0.73 to $3.15, from June 22 to July 10. That means any investor who bought in on June 22 more than quadrupled their initial investment in less than three weeks.
VideoThe 3 Best Strategies for Trading Penny Stocks Today
Tech heavyweight Apple Inc. (NASDAQ:AAPL) is on the move, threatening to lift out of its two-month consolidation range as it coils up beneath its 50-day moving average. Shares have been languishing near $145, a level first reached back in May, after the so-called “FAANG” technology stocks got hit with selling pressure back in early June.
There is no specific catalyst for....More>>>
A big leg up by the euro is one of the weeks biggest market stories. Its also a bit boggling for some investors, with a big push coming after an ostensibly dovish performance Thursday by European Central Bank President Mario Draghi that nevertheless seemed to add fuel to the shared currencys surge.
See: Nobody told the euro that Mario Draghi was dovish
The euro continued its rally....More>>>