Are These Penny Stocks Worth Buying in 2022?
With another week of trading penny stocks ending, there is a lot for investors to understand about the future. When it comes to trading penny stocks, investors need to consider what’s going on in the world. Right now, the largest impacting factor on the stock market is Covid and specifically, the Omicron variant. This has led to other impacts such as inflation, unemployment, and shifting economic policies in the future.
In the past week, trading both penny stocks and blue chips has been difficult. A symptom of this is the massively heightened volatility we’ve witnessed during the past week or so. When it comes to penny stocks, investors also need to understand how to trade. This means having a well-thought-out trading strategy that can adapt to the current conditions of the stock market. Having a trading strategy involves understanding what type of trader you are.
Are you more of a long term trader and someone that is looking to hold on for months at a time? Or are you looking for short term positions that can make sizable moves in a matter of a few hours or days? Regardless, understanding which one you are is extremely important. With all of this in mind, let’s take a look at three penny stocks that could be worth watching in 2022.
3 Penny Stocks to Add to Your 2022 Watchlist
Exela Technologies Inc. (NASDAQ: XELA)
Exela Technologies is a penny stock that we have covered numerous times in the past few weeks. But, if you’re not familiar, let’s take a closer look. Exela is a leader in what is known as BPA or business process automation. It has over 4,000 customers around the world in more than 50 countries which vastly broadens its reach. This includes more than 60% of the Fortune 100 list. The company offers services such as workflow automation, integrated communications, finance and accounting, and human capital management.
All of these together make up Exela’s large portfolio of offerings. On Wednesday, January 12th, the company announced that it has expanded its relationship with Mastercard in Europe to begin supporting Giro payments automation. This concerns Exela’s XBP platform in the EMEA region, specifically, Norway.
“We are proud to continue developing our partnership with Mastercard and look forward to servicing the entire Norwegian Giro payments market. This solution is part of our global XBP rollout.”
The President of Exela EMEA, Vitalie Robu
Expansions like this are great news for the company and investors alike and it could help to inspire confidence in the future. So, with all of this exciting news in mind, will XELA be on your penny stocks watchlist moving forward?
Camber Energy Inc. (NYSE: CEI)
Another penny stock that…