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Marijuana Penny Stocks For Your June 2021 Watchlist


Investing In Marijuana Penny Stocks For 2021
As May comes to a close most leading marijuana stocks are showing some potential upside for the month. After a few months of market declines for the cannabis sector, it could be time to rebound and begin moving higher. One area of the cannabis sector that has seen the most momentum in 2021 is marijuana penny stocks. In general penny stocks are any stocks that are trading under the $5 share price.
Given that these stocks are typically known for being some of the more volatile securities on the market they are considered a high-risk high-reward investment. In many cases, traders prefer to hold these penny stocks on a short-term basis using day trading and swing trading methods. At the present time with the cannabis sector recovering pot penny stocks could be at decent levels to look for an entry point for a position. ....

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Buy-the-dip strategy may not work this time in auto stocks


Buy-the-dip strategy may not work this time in auto stocks
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Last Updated: May 03, 2021, 12:51 PM IST
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Synopsis
Unfortunately, markets do not repeat what they did last year. After the first lockdown we saw a huge uptick in demand for consumer durables, two-wheelers, cars, etc as personal mobility was the focus. This time, the damage to household income is much more severe.
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In this interview with ET Now, independent market expert Sandip Sabharwal argues that the outlook for auto stocks remains weak and advises against using the dip to buy. I do not think large ticket buying is going to come back anytime soon. These stocks need to be avoided at this stage. Maybe on a significant decline they will give opportunities, but I do not see that happening right now, Sabharwal said. Edited excerpts from the interview. ....

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covid stocks: Tanla to Cupid, the pandemic's hot favourite stocks


Tanla to Cupid, the pandemic’s hot favourite stocks
Cynical as it may sound, “Covid stocks” is the latest fashion among momentum traders and short-term stock investors.
Synopsis
Shares of little-known companies that make products, services in heavy use in second wave rising sharply in volatile market
MUMBAI: What links Route Mobile and Tanla Platforms to the coronavirus pandemic? Wily punters on Dalal Street have the answer. These companies provide push notification and one-time-password services to OTT platforms and financial services firms, and are likely to benefit on account of people staying indoors amidst rising covid cases.
The stock market is known to make absurd tenuous connections sometimes. But some of these become investment ....

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