Epicenter Stocks To Watch This Quarter
What are epicenter stocks? Originally coined by Fundstrat’s Tom Lee early in the pandemic, “epicenter stocks” are companies that were hit hardest by the virus blowback but could benefit the greatest from an economic reopening. The umbrella of epicenter stocks is broad and covers anything from energy to consumer cyclical stocks. But it is a relatively logical take on the stock market today.
All things considered, one of the only reasons many companies were crushed last year had to do with the coronavirus. While some industries still have yet to recover fully, others have begun flourishing. Given the circumstances in Europe, however, it’s important to keep in mind that we aren’t out of the woods by a long shot.
Vaccine distribution and a hopeful round of stimulus have boosted sentiment in the market despite finding new strains of the coronavirus in certain parts of the world. This trend also has the “Robinhood community” looking into beaten-down penny stocks. We discussed the general lack of low-priced stocks accessible on the app since it doesn’t allow OTC penny stocks. In light of this, Robinhood penny stocks will be those listed on major exchanges like the NYSE and Nasdaq.
So this begs the question, are there still epicenter stocks to watch on Robinhood, or have we surpassed the “oversold” stage in most names? Take one look at things like leisure, travel, energy, and even mortgage companies, and you’ll see that the “big recovery” has yet to return many of these companies to their pre-pandemic levels. With that in mind, there’s likely plenty of epicenter penny stocks to keep track of this year.
Epicenter Penny Stocks To Watch On Robinhood
- Drive Shack Inc. (NYSE: DS)
- Rave Restaurant Group (NASDAQ: RAVE)
- Muscle Maker Inc. (NASDAQ: GRIL)
- Kosmos Energy (NYSE: KOS)
- Ring Energy (NYSE: REI)
Restaurant & Entertainment Penny Stocks To Watch: Drive Shack Inc.
The standard hospitality and leisure industry was hit hard and has still yet to come close to recovering. However, as social distancing restrictions have begun to lift and certain states are reopening their economies, this industry has gained momentum. Drive Shack has been one of the top penny stocks to watch over the last few months. In fact, since the start of the 4th quarter last year, DS stock has managed to bounce back strongly from around $1 to highs this year of $3.65.
The biggest focus, aside from obviously reopening, is building out a new brand. In particular, the company is rolling out the launch of its Puttery locations this year. Part of this roll-out included a recent partnership with famed golf star Rory McIlroy. He will invest in the future growth of Puttery through his investment vehicle, Symphony Ventures. Furthermore, Drive Shack recently brought in fresh capital it has earmarked for this new initiative. A portion of this $50 million round will initially go toward the planned…