Feb 23

Oil Fizzles, Penny Stocks Look Good

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After trading near the flatline yesterday, the stock market continues its slow decline again today.

Consumers are gun-shy as gas prices rose, even as oil prices stopped short of $80 a barrel. Commodities are always sensitive to supply and demand influences, so we can probably expect to see mainstream oil stocks fall. It’s not particularly surprising that the market is particularly cautious around these volatile energy prices.

In this scenario, it makes sense for traders in penny stocks to look at the cheap stocks available on the OTCBB and Pink Sheets Stock Exchange. Serious penny stock traders can find some of the best penny stocks to buy in the Penny Pic newsletter. (Subscribe to this amazing FREE resource and get immediate access to the best penny stocks to buy right now.)

Meanwhile, the Conference Board reported its Consumer Confidence Index for February fell much more than expected. Naturally, this news didn’t help stocks or energy commodities, which dropped following the report.

Oil prices rose for more than two weeks as a steady series of reports suggested that manufacturing, home building and other pillars of the American economy were improving. But the high unemployment numbers in the U.S. have barely shifted, and if a slump in consumer confidence continues, it may foreshadow another summer in which Americans cut back on travel and hospitality-related buying.

The news wasn’t all bad, though. In an encouraging sign, the dollar moved higher against the euro today. This is good news because crude is traded in dollars, so it becomes less expensive when the dollar rises. In turn, this forces investors holding other currencies like the euro to pay more for the same amount of oil.

With so much uncertainty, it makes sense for investors to be cautious about where they place their bets. And it makes even more sense to try to squeeze the most return out of every investment dollar.

This means that, in this “best of times/worst of times” type scenario, smart investors are looking towards micro-cap stocks and penny stocks to produce the most potential. These investors know carefully chosen investments in micro-cap stocks and penny stocks can yield substantial gains, while protecting the bulk of their nest egg.

Click this link to get the profit-making information about the best penny stocks to buy right now!

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Feb 01

Exxon Earnings Boost Energy Sector, Including Penny Stocks

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In the major markets, the month of January started strong and ended with its face in the sand.  In the first week of January, the S&P 500 was up 2.7%. In the last week of January, it finished down 3.7%. Meanwhile, penny stocks investors continued to make steady gains with a few major breakouts.

Last month, investors in the major markets had more jitters than a virgin groom on his wedding night. And it seemed that nothing could soothe them. Good news was met with skepticism, while bad news was treated with borderline hysteria.

Even a recovery high of 1150.45 on Jan. 19 failed to turn things around. The end result was that the S&P 500 slid steadily to an aggregate loss of 1.6%.  However, the new month may be a harbinger of a new attitude.

Today’s early indicators are that the market may be trying to make up some lost ground. The retail index is still down but the energy sector got a nice boost from Exxon Mobil’s better-than- expected earnings report. Expect to see some overflow of goodwill to other energy sectors, including energy-related penny stocks. On the OTCBB, Rainchief Energy Inc (OTCBB: RCFEF) saw a nice 105% jump, while Geneva Resources (OTCBB: GVRS) is looking with 100% increase from last week .

Overall, things looked promising as the midday trading tickers showed the Dow +106.10 at 10173.43, Nasdaq +19.79 at 2167.43, S&P +12.58 at 1086.45.

Still, this is an important week in the market, with another heavy slate of earnings reports and a slew of economic releases set unfold. So it may be too early to make sweeping assumptions. Investors can’t go wrong by looking for the best value for their dollar, particularly in the penny stock market.

The biggest driver is the presumption that the market is due for a bounce following the large losses of late.

The most important release of the week will be the January employment report, which hits the wires Friday at 8:30 a.m. ET.  This will give another snapshot of the overall health of the economic conditions. Earlier today, the Personal Income and Spending report for December was released, and the results were mixed. Personal income rose 0.4% (consensus +0.3%) (after an upwardly revised 0.5% gain in November )while personal spending jumped 0.2% (after an upwardly revised 0.7% increase in November).

In the meantime, penny stock and micro-cap investors (or, for that matter, anyone looking for cheap stocks to buy) should keep a close watch on the OTCBB, where some very interesting gains are being made today. Strong sectors include diversified metals and miners; steel; gold; home furnishings; oil and gas drillers; oil and gas explorers; investment banks; casinos and gaming.

Happy hunting!

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Jan 27

Penny Stock Investors Hold Steady as Wall Street Slides

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Overall, the stock market remains wary today as it waits for the Federal Reserve’s announcement on interest rates and the President’s State of the Union Address. But while Wall Street trembles, penny stocks remain healthy.

Most analysts expect the Fed to keep rates pretty much where they are now – at historic lows. Even so, the market will be examining every nuance of the Fed’s assessment of the economy for clues as to when the Fed will begin to reduce its support of the financial system.

Additionally, traders across the globe will be tuning in for President Obama’s primetime State of the Union Address. The President is expected to expand on his plans to tighten up on the American banking system.

Meanwhile, the housing market remains weak. Sales of new homes dropped 7.6% in December, bringing new worries about how fast the economy is really recovering. And in midday trading, the Dow Jones industrial average fell 19.12, or 0.2 percent, to 10,175.17. Standard & Poor’s 500 index fell 2.10, or 0.2 percent, to 1,090.07, while the NASDAQ composite index rose 1.36, or less than 0.1 percent, to 2,205.09.

In contrast to Wall Street’s jitters, the penny stock market remains steady, with many stocks holding firm, and some showing some breakaway power.

The major markets were badly rattled by President Obama’s announced intent to restrict the trading activities of major financial institutions. The uncertainty that Fed chairman Ben Bernanke may not be reconfirmed for a second term, has not helped. In response, stocks have fallen in five of the last seven days, showing just how gun-shy investors on the major exchanges are.

But penny stocks are still delivering for investors. The energy and mining sectors remain strong with good penny stocks to buy. For example, in midday trading, Unico, Inc (OTCBB: UNCO) was up 25% and Bonanza Oil and Gas (OTCBB: BGOI) was up 36.32% even on relatively light trading volume.

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