Shares in Marathon Digital (NASDAQ:MARA) are on the move again. A penny stock through half of 2020, MARA posted over 400% growth at the start of 2021 before shedding more than half its value by mid-May. Along the way, trading in MARA stock was even halted by the U.S. Securities and Exchange Commission (SEC).
Source: biggunsband / Shutterstock.com
And did I mention that this name’s primary business is mining Bitcoin (CCC:BTC-USD)? Those are two strikes for many investors. Plus, if you want a third, how about the fact that Marathon Digital is the parent company of notorious patent troll Uniloc?
That said, despite elements that may make investors turn up their noses, you can’t overlook Marathon’s success. After a meme-stock rollercoaster ride as well as drama in the crypto world, MARA stock is up 264% year-to-date (YTD). So, here’s a look at the good and the bad with this pick.
Best Penny Stocks To Own For 2023: United Bancshares Inc.(UBOH)
United Bancshares, Inc. operates as a bank holding company for The Union Bank Company that engages in the provision of commercial banking services to small and middle-market businesses and individuals. It accepts various deposit products, including checking accounts, savings and money market accounts, time certificates of deposit, time deposits, and demand deposits. The company also offers various loan products that consist of commercial, consumer, agricultural, residential mortgage, and home equity loans. In addition, it provides automatic teller machine services, safe deposit box rentals, and other personalized banking services. The company serves primarily in the Ohio counties of Allen, Hancock, Putnam, Sandusky, Van Wert, and Wood, as well as with office locations in Bowling Green, Columbus Grove, Delphos, Findlay, Gibsonburg, Kalida, Leipsic, Lima, Ottawa, and Pemberville, Ohio. United Bancshares, Inc. was founded in 1904 and is headquartered in Columbus Grove, Ohio.< /p>
Advisors’ Opinion:
- [By Logan Wallace]
United Bancshares Inc. OH (NASDAQ:UBOH) and Bank of America (NYSE:BAC) are both finance companies, but which is the better investment? We will contrast the two businesses based on the strength of their valuation, dividends, earnings, risk, institutional ownership, profitability and analyst recommendations.
Best Penny Stocks To Own For 2023: Archer-Daniels-Midland Company(ADM)
Archer Daniels Midland Company procures, transports, stores, processes, and merchandises agricultural commodities and products in the United States and internationally. It operates in three segments: Oilseeds Processing, Corn Processing, and Agricultural Services. The Oilseeds Processing segment engages in originating, merchandising, crushing, and processing oilseeds, such as soybeans, cottonseed, sunflower seeds, canola, rapeseed, peanuts, flaxseed, and palm into vegetable oils and protein meals. This segment also produces edible soy protein products, including soy flour, soy grits, soy protein concentrates, soy isoflavones, and soy isolates that are used in processed meats, baked foods, nutritional products, snacks, and dairy and meat analogs. The Corn Processing segment involves in corn wet milling and dry milling activities; and produces alcohol, amino acids, and other specialty food and animal feed ingredients, as well as ethyl alcohol. This segment also produces citr ic and lactic acids, lactates, sorbitol, xanthan gum, and glycols that are used in various food and industrial products, as well as astaxanthin, a product used in aquaculture to enhance flesh coloration. The Agricultural Services segment buys, stores, cleans, and transports agricultural commodities, such as oilseeds, corn, wheat, milo, oats, rice, and barley, as well as resells these commodities as food and feed ingredients for the agricultural processing industry. This segment also processes and distributes edible beans, formula feeds, and animal health and nutrition products. In addition, the company engages in milling wheat, corn, and milo into flour, as well as produces bakery products and mixes, wheat starch, gluten, and cocoa products that are sold to the baking industry; and involves in financial activities related to private equity fund investments, and futures commission merchant activities. Archer Daniels Midland Company was founded in 1898 and is based in Decatur, Illinois.
Advisors’ Opinion:
- [By ]
Get a free copy of the Zacks research report on Archer-Daniels-Midland (ADM)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
- [By Money Morning Staff Reports]
If you know the agricultural sector, you likely know Archer Daniels Midland Co. (NYSE: ADM), private firm Cargill, and Deere & Co. (NYSE: DE). They are all members of the “ABCDs” of agribusiness. The forgotten child is the “B” – or Bunge. This agricultural giant is engaged in global food processing, fertilizer production, and the soybean export game.
- [By Joseph Griffin]
Get a free copy of the Zacks research report on Archer Daniels Midland (ADM)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Best Penny Stocks To Own For 2023: Sanderson Farms Inc.(SAFM)
Sanderson Farms, Inc., an integrated poultry processing company, engages in the production, processing, marketing, and distribution of fresh, frozen, processed, and prepared chicken products. The company?s prepared chicken product line includes institutional and consumer packaged partially cooked or marinated chicken items. It sells ice pack, chill pack, bulk pack, and frozen chicken in whole, cut-up, and boneless form under the Sanderson Farms brand name. The company sells its products to retailers, distributors, and casual dining operators in the southeastern, southwestern, northeastern, and western United States, as well as to the United States based customers who resell frozen chicken into export markets. Sanderson Farms, Inc. was founded in 1947 and is headquartered in Laurel, Mississippi.
Advisors’ Opinion:
- [By ]
Sanderson Farms, Inc. (NASDAQ:SAFM) has been given an average rating of “Hold” by the nine brokerages that are currently covering the stock, Marketbeat Ratings reports. Seven research analysts have rated the stock with a hold recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $193.14.
- [By Motley Fool Transcribers]
Sanderson Farms Inc (NASDAQ:SAFM)Q1 2019 Earnings Conference CallFeb. 26, 2019, 11:00 a.m. ET
Contents:
Prepared Remarks Questions and Answers Call Participants
Prepared Remarks:Operator
- [By Shane Hupp]
Get a free copy of the Zacks research report on Sanderson Farms (SAFM)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
- [By Shane Hupp]
Sanderson Farms, Inc. (NASDAQ:SAFM) announced a quarterly dividend on Friday, September 21st, Wall Street Journal reports. Stockholders of record on Tuesday, October 2nd will be given a dividend of 0.32 per share on Tuesday, October 16th. This represents a $1.28 annualized dividend and a dividend yield of 1.29%. The ex-dividend date is Monday, October 1st.
Best Penny Stocks To Own For 2023: Eagle Bulk Shipping Inc.(EGLE)
Eagle Bulk Shipping Inc. engages in the ocean transportation of bulk cargoes in the dry bulk industry. The company primarily transports iron ore, coal, grain, cement, and fertilizer along worldwide shipping routes. As of December 31, 2009, it owned and operated a fleet of 27 oceangoing vessels with a combined carrying capacity of 1,412,535 deadweight tons. The company was founded in 2005 and is headquartered in New York, New York.
Advisors’ Opinion:
- [By Rich Smith (TMFDitty)]
For another — and perhaps taking a cue from the first catalyst — investment bank H.C. Wainwright waded into the dry shipping waters Monday to deliver a series of buy recommendations for nearly every stock in the industry. Diana and Safe Bulkers both got buy ratings, for example, as did Genco Shipping (NYSE:GNK), Eagle Bulk (NASDAQ:EGLE), and Seanergy, too. Castor, though, did not.
- [By Motley Fool Transcribers]
Eagle Bulk Shipping Inc (NASDAQ:EGLE)Q4 2018 Earnings Conference CallMarch 06, 2019, 8:00 a.m. ET
Contents:
Prepared Remarks Questions and Answers Call Participants
Prepared Remarks:Operator
