Jun 02, 2022 (Penny Stocks via COMTEX) -- Penny stocks are a great way to make a quick buck if you know what you're doing. While some new traders might treat these cheap stocks like lottery tickets, there are ways to consistently profit as long as you have a strategy. Knowing how to set proper entry and exit targets, learning how to use catalysts to your advantage, and taking emotion out of your trades can help.
In many cases, low-priced stocks have given novice and experienced traders and investors ways to leverage volatility in their favor. Companies in start-up phases and others falling on hard times have become prime candidates. Today, we look at a handful of names that are gaining momentum in the stock market on Thursday. Will they be on your list of penny stocks to watch before next week?
Penny Stocks To Buy [or avoid]
Best Penny Stocks To Buy & How To Find Them
How do you find the best penny stocks to buy? A lot goes into it, but it isn't very complicated. If you are interested in learning more about penny stocks and the stock market as a whole, then you need to check out True Trading Group, the fastest growing & highest-rated online premium educational platform available today. True Trading Group offers a 7-day Trial of its platform for FREE! To Learn More Click Here .
I'll also provide a few links at the end of this article that discuss some of the most requested information by new traders. Now, let's check out today's list of penny stocks .
NU Holdings /zigman2/quotes/231028167/composite NU -7.69%
Warren Buffett doesn't buy penny stocks…I'm sure you've heard that a few times in the past. While that may be up for debate, Buffett sure does own them. NU Holdings (NYSE: NU ) is one of the names that started off trading above $5, but it fell below the threshold amid the stock market crash in 2022. According to the most recent quarterly filing for Berkshire Hathaway, the Oracle of Omaha has a 2.3% stake in the company. While NU stock only takes up about 0.1% of Berkshire's total holdings, it resembles a few different things going against the typical investment strategy of the company.
Other than being a penny stock, NU Holdings focuses on digital banking, including exposure to cryptocurrency. Buffett has been a staunch opponent of things like Bitcoin, with his cohort, Charlie Munger, going as far as saying that BTC is 'stupid and evil' among other things. Nevertheless, NU remains a popular penny stock to watch especially when cryptocurrencies are moving.
The company was also coming off of a solid first quarter and reported its strongest in history. NU reached nearly 60 million customers and reached quarterly revenues of $887 million. This growth has contributed to the bullish interest taken by retail traders.
Comscore Inc. /zigman2/quotes/202855400/composite SCOR +2.75%
Media planning company, Comscore Inc. (NASDAQ: SCOR ), is trying to make a rebound and has maintained an uptrend since early May. The company merges digital entertainment and viewership intelligence to use audience insights to help media buyers and sellers to make better decisions. Thanks to new earnings results, SCOR stock has turned heads lately.
"This was another solid quarter of year-over-year growth for Comscore. I am proud of the progress we are making across all our lines of business. As the measurement landscape evolves, Comscore remains focused on delivering superior products that drive the best outcomes for our clients. Throughout the quarter, we continued to sign new clients and renewed long-standing currency relationships with industry-leading companies. There continues to be a tremendous opportunity for Comscore as it positions itself as the leading cross-platform currency, which we expect will continue to drive revenue growth throughout 2022," said Bill Livek, CEO and Executive Vice Chairman of Comscore.
SCOR stock is on the radar this week after insiders voiced a bullish tone. Take a look at the latest filings, and you'll see what I'm talking about. Director Paul Livek picked up 600,000 shares of SCOR stock at average prices ranging between $1.74 & $1.95 on May 31st and June 1st. This has echoed a bullish sentiment in the stock market today, and it will be interesting to see if it continues into the month.
Gevo Inc. /zigman2/quotes/208747069/composite GEVO +2.87%
Shares of GEVO stock have been on the radar for a few weeks now. It was one of the top 5 penny stocks to watch for June . One of the reasons traders have followed Gevo Inc. (NASDAQ: GEVO ) is the surge of interest in energy penny stocks . Specifically, it's a renewable energy company making headway in the alternative fuels industry.
Earlier this year, Gevo signed a contract with oneworld Alliance members who plan to purchase up to 200 million gallons of sustainable aviation fuel per year for a five-year term. According to management, this is expected to bring up to $800 million in revenue. Gevo also signed a "take-or-pay" agreement with British Airways plc to supply 30 million gallons per year of sustainable aviation
fuel over a five-year term, during the first quarter.