Are These Biotech Penny Stocks On Your Watch List Right Now?
The tech wreck continues this week, but that hasnât put a pause on other sectors. Furthermore, the marketâs appetite for risk appears to be growing stronger once again. Earlier today, we saw the list of Reddit penny stocks begin to move once again. Some of those names ended up reaching levels not seen since the January breakout.
Another point of focus is on small-cap stocks, in general. If you look at the benchmark ETFs like SPY, QQQ, and IWM, you should see what Iâm talking about. By midday, the Russell 2000 Small-Cap Index ETF (NYSE: IWM) was up nearly 2%. Meanwhile, the S&P 500 ETF (NYSE: SPY) hadnât breached the 1% level, and the Nasdaq ETF (NASDAQ: QQQ) was actually negative. Reddit & Robinhood Traders Focus On Small-Cap Stocks