No matter how many warnings experts issue regarding penny stocks, people invariably find their way into this speculative arena. And that issue has become even more prominent thanks to mobile trading apps like Robinhood (NASDAQ:HOOD). With the ability to wager on the full spectrum of investment vehicles right at your fingertips, Robinhood is somewhat of a mixed bag.
On the one hand, let’s at least give credit where it’s due. Prior to the novel coronavirus pandemic, financial analysts bemoaned that younger people were investing at a lower rate than prior generations at their age milestones. Suddenly, with extra time on their hands and government stimulus checks in the mail, many folks started making up for lost time. However, quite a few did so through penny stocks.
That’s not to say that this segment of the market is inherently a poor choice. Many of today’s blue chips once started off as little more than a dream, with share prices reflecting this risk profile. But with patience and truckloads of good fortune, you can make a killing with penny stocks.
Best Blue Chip Stocks To Own For 2023: Etsy, Inc.(ETSY)
Etsy, Inc. (Etsy), incorporated on February 14, 2006, operates a marketplace to connect people around the both online and offline for making, selling and buying goods. The Company’s geographical segments include United States and International. The Company’s community includes Etsy sellers, Etsy buyers, wholesale partners, manufacturers and Etsy employees. The Company’s platform includes marketplace, Seller Services, technology and community, both online and offline. The Company offers a range of services to help Etsy sellers build their personal brands, engage customers and complete transactions. The Company has over three seller services: Promoted Listings, Direct Checkout and Shipping Labels. Its Promoted Listings offering enables an Etsy seller to pay a cost-per-click-based fee to feature and promote her goods in search results generated by Etsy buyers on its platform. This service allows an Etsy seller to target Etsy buyers searching for goods similar to those she offers for sale.
The Company’s Direct Checkout offering allows Etsy sellers to accept various forms of payment, such as credit cards, debit cards, PayPal and Etsy gift cards. Its Direct Checkout is available in approximately 20 countries and over 10 currencies. Etsy sellers can purchase United States Postal Service and Canada Post shipping labels through its platform. The Company has developed its Sell on Etsy mobile application to help Etsy sellers operate their shops and manage orders. Etsy sellers can also access communication, shop management tools and help resources through the Sell on Etsy mobile application. Etsy sellers can analyze visits to their shop and listings, estimate the effectiveness of their spending on Promoted Listings, monitor orders and track sales using its online seller dashboard. Etsy sellers can access analytics on the dashboard on its Website or on its Sell on Etsy mobile application. It provides educational resources to teach Etsy sellers how to build and grow their businesses on its platform, including blog posts, video tutorials, the Etsy Seller Handbook (available on its Website), access to its online forums and insights from its support teams. In addition to its own educational resources, Etsy sellers connect through Etsy Teams to build personal relationships, collaborate and educate, and support each other.
Etsy Sellers
The Company supports a group of artists, makers, designers and collectors from around the world from the solo artisan to the full-time jewelry maker with staff, and from the antique furniture collector to the textile graphic designer partnering with a small-batch manufacturer. Etsy sellers range from hobbyists to professional merchants, and have a range of personal and professional goals.
Etsy Buyers
The Company’s Etsy buyers visit its marketplace to discover a selection of goods in dozens of retail categories ranging from ornament to hand-knit sweater to a custom-made coffee table. Etsy buyers can also purchase customized items or other bespoke goods from Etsy sellers.
Wholesale Partners
The local boutiques to national chains, such as Land of Nod, Lou & Grey, Macy’s and Whole Foods, retailers use its platform to connect directly with Etsy sellers. It also allows adding items to their store offerings.
Manufacturing Partners
In addition to finding manufacturers on its own, Etsy sellers can find manufacturers through its new Etsy Manufacturing marketplace. Its Etsy Manufacturing helps Etsy sellers connect directly with manufacturers committed to certain practices and value transparent connections.
The Company competes with Amazon, eBay, Alibaba, Square, Intuit, Shopify, Pottery Barn and Target.
Advisors’ Opinion:
- [By Thomas Yeung]
Since July, daily volatility of the video game retailer has declined by around half. On a per-day basis, GME stock now moves only as much as tech firms like Etsy (NASDAQ:ETSY) and Snap (NYSE:SNAP), lulling short sellers into a sense of false security. Short interest now sits at 51.1 million shares, a 63% increase from this time last year. The put-call also ratio remains bearish; 1.52 puts now exist for every January 2023 call outstanding.
- [By Neil Patel (tmfbuyandhold)]
The specific stock I am talking about is Etsy (NASDAQ:ETSY), the global online marketplace for handmade and vintage goods. While the coronavirus pandemic certainly boosted its business as people flocked to the website to purchase face masks, the company was already thriving in the years leading up to 2020. From 2014 through 2019, revenue skyrocketed 318%. And during that same five-year stretch, Etsy went from producing a net loss of $15 million to a bottom-line profit of $96 million.
- [By ]
Etsy (ETSY) – Get Report shares rose Thursday as the online arts-and-crafts retailer joined fellow Internet retailers in a continuing roller-coaster ride.
Best Blue Chip Stocks To Own For 2023: PharmaCyte Biotech, Inc.(PMCB)
PharmaCyte Biotech, Inc., a biotechnology company, focuses on developing and commercializing cellular therapies for cancer and diabetes in the United States. Its cellular therapies are developed based on Cell-in-a-Box, a proprietary cellulose-based live cell encapsulation technology used as a platform to treat various types of cancer, including advanced and inoperable non-metastatic pancreatic cancer, as well as diabetes. The company is developing therapies for pancreatic and other tumors, including encapsulated genetically modified living cells. It is also developing a therapy for Type 1 diabetes and insulin-dependent Type 2 diabetes; and therapies for cancer based on the constituents of the cannabis plant. The company has a research agreement with the University of Technology, Sydney to create a version of melligen cells to treat diabetes; and the University of Northern Colorado to develop methods for the identification, separation, and quantification of constituents of cannabis. The company was formerly known as Nuvilex, Inc. and changed its name to PharmaCyte Biotech, Inc. in January 2015. PharmaCyte Biotech, Inc. was incorporated in 1996 and is based in Laguna Hills, California.
Advisors’ Opinion:
- [By Thomas Niel]
Full-on approval for any possible treatments remains far away. But progress otherwise with the FDA continues, such as the company putting in its Investigational New Drug (IND) application, which it is slated to do this quarter. Is MNMD stock high-risk and richly-priced? Yes. But it may be worth it as the chances of eventual commercialization grow.
PharmaCyte Biotech (PMCB)
- [By ]
PharmaCyte Biotech (PMCB) – Get Report, which debuted on the Nasdaq last week, was skyrocketing as the chief executive laid out plans for the biotech company.
Best Blue Chip Stocks To Own For 2023: Putnam Municipal Opportunities Trust(PMO)
Putnam Municipal Opportunities Trust (the Fund) is a non-diversified, closed-end management investment company. The Fund’s investment objective is to provide a high level of current income exempt from federal income tax. Putnam Municipal Opportunities Trust invests in investment-grade and some below investment-grade municipal bonds. In February 2008, the Fund acquired Putnam Investment Grade Municipal Trust and Putnam Municipal Bond Fund.
The Fund invests in various sectors, including hospital systems, power, water/sewer/gas utilities, air transportation and tobacco. Putnam Municipal Opportunities Trust is managed by Putnam Investment Management, LLC, an indirect wholly owned subsidiary of Putnam, LLC.
Advisors’ Opinion:
- [By Stephan Byrd]
News coverage about Putnam Municipal Opportunities Trust (NYSE:PMO) has trended positive this week, Accern Sentiment Analysis reports. The research firm ranks the sentiment of news coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Putnam Municipal Opportunities Trust earned a coverage optimism score of 0.36 on Accern’s scale. Accern also gave media stories about the financial services provider an impact score of 44.4937566813447 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
- [By Ethan Ryder]
Headlines about Putnam Municipal Opportunities Trust (NYSE:PMO) have been trending somewhat positive this week, according to Accern Sentiment Analysis. The research group identifies negative and positive news coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Putnam Municipal Opportunities Trust earned a media sentiment score of 0.11 on Accern’s scale. Accern also gave media coverage about the financial services provider an impact score of 45.534048831996 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Best Blue Chip Stocks To Own For 2023: Transdigm Group Incorporated(TDG)
TransDigm Group Incorporated, through its subsidiaries, designs, produces, and supplies aircraft components in the United States. The companys Power & Control segment provides mechanical/electro-mechanical actuators and controls, ignition systems and engine technology, specialized pumps and valves, power conditioning devices, specialized AC/DC electric motors and generators, and cargo loading and handling systems. This segment serves engine and power system and subsystem suppliers, airlines, third party maintenance suppliers, military buying agencies, and repair depots. Its Airframe segment offers engineered latching and locking devices, rods and locking devices, engineered connectors and elastomers, cockpit security components and systems, aircraft audio systems, lavatory components, seat belts and safety restraints, engineered interior surfaces and related components, lighting and control technology, military personnel parachutes, and cargo delivery systems. It serves airframe manufacturers, cabin system and subsystem suppliers, airlines, third party maintenance suppliers, military buying agencies, and repair depots. The companys Non-aviation segment provides seat belts and safety restraints for ground transportation applications; mechanical/electro-mechanical actuators and controls for space applications; and refueling systems for heavy equipment used in mining, construction, and other industries. It serves off-road vehicle and subsystem, child restraint system, and satellite and space system suppliers; and manufacturers of heavy equipment. The company also offers aerospace pneumatic and hydraulic components and subsystems for commercial transport, regional, business jet, and military applications; extruded plastic interior parts for use in the commercial aerospace industry; faucets and related products for use on commercial transports and regional jets; and unit load devices. TransDigm Group Incorporated was founded in 1993 and is based in Cleveland, Ohio.
