3 Penny Stocks to Watch in December 2021
With a highly volatile stock market, how can we make money with penny stocks in 2021? Well, the short answer is that there are plenty of ways to do just that. But, to truly take advantage of current market momentum, investors need to have a thorough understanding of what is causing the movement.
For starters, we have the newly announced Omicron variant. In only a few days, this variant has caused major concern globally and has sparked several sizable market drops. However, we have also seen plenty of days where the market takes a bullish turn, rebounding from previous bearish momentum.
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Of course, we also have the other effects of the pandemic, such as inflation, and a general uncertainty about the future. As a result of all of this, the stock market is more volatile right now than it has been in years. So, with all of that in mind, let’s take a look at three penny stocks that could be worth watching in 2021.
3 Penny Stocks For Your Early December Watchlist
- Federal National Mortgage Association (OTC: FNMA)
- Sphere 3D Corp. (NASDAQ: ANY)
- IAMGOLD Corp. (NYSE: IAG)
Federal National Mortgage Association (OTC: FNMA)
Federal National Mortgage Association is a penny stock that is up by more than 14% in the past five days plus a 7% gain during premarket today. This is a corporation that offers mortgage funding. It provides mortgage-related products for both single-family and multifamily properties. Furthermore, the company provides credit risk and loss control services. Its primary goal is to securitize lender-originating mortgage loans into Fannie Mae mortgage-backed securities.
The business executed its first Credit Insurance Risk Transfer transaction of the year on November 3rd. This CIRT covers the outstanding principal amount of $31.7 billion in typical 30-year original term, fixed-rate loans obtained earlier this year. This transaction transferred $1 billion in mortgage credit risk. Fannie Mae has obtained about $13.9 billion in insurance coverage on $506 billion in single-family loans under the CIRT program.
The VP of Credit Enhancement Strategy & Management, Rob Schaefer said, “We are pleased with the execution of CIRT 2021-1 and appreciate our partnership with the 20 insurers and reinsurers that wrote coverage for this deal”. In other recent news, the company just posted its October 2021 monthly summary with a lot of positive information in it.
Right now, as you may know, the real estate market is on fire. And while we don’t know how long this will last, low-interest rates and a seller’s market mean that FNMA is seeing increased attention. Noting these advancements, will FNMA be on your list of penny stocks to watch?
Sphere 3D Corp. (NASDAQ: ANY)
Sphere 3D Corp. is a penny stock that has skyrocketed by over 150% in the past six months. This company develops virtualization solutions…