4 Reddit Penny Stocks Looking to Ride a Recovery Wave

InvestorPlace2021-05-03

Look to these penny stocks as the economic recovery gathers momentum this year. The economic recovery from the global pandemic is expected to lift all boats, and that includes penny stocks. So-...

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精彩评论

Huazai
2021-05-04
Huazai
Really or not
KingMickey
2021-05-04
KingMickey
Buy moree..🥰
pralala
2021-05-03
pralala
$HOFV🚀
ZhiYuan
2021-05-03
ZhiYuan
Please Like my comment
- XNOP593:
  Response back pls
Investigater
2021-05-03
Investigater
Go go go
- Jennifer58:
  Buy buy buy
- Investigater:
  Thanks
- Jennifer58回复Investigater:
  Haha
Heng83
2021-05-03
Heng83
Good
- WZY999:
  👍
- Huatchin:
  👌
- Heng83:
  👍

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The latest round ofstimulus measurescoming out of Washington should provide an added boost.\nIn this article, we take a look at four Reddit penny stocks that are looking to ride a recovery wave.\n\nExpress(NYSE:EXPR)\nHall of Fame Resort & Entertainment(NASDAQ:HOFV)\nAmerican Resources(NASDAQ:AREC)\nRave Restaurant Group(NASDAQ:RAVE)\n\nPenny Stocks: Express (EXPR)\nColumbus, Ohio-based fashion retailer Express will be hoping that the economic recovery will lead American consumers back into its 607 retail stores in this year’s second half, perhaps eager to spend some of their latest stimulus check on the company’s signature line of casual men’s and women’s clothing.\nThe company’sdress casualitems may also prove popular as people either continue working from home or return to the office on a part-time basis.\nAny increase in sales and revenue growth will help EXPR stock, which has come down hard after skyrocketing 1,40% in January of this year, vaulting from just 93 cents to a 52-week high of $13.97 after it was driven higher by Reddit traders. Now down 76% from those lofty heights, Express stock is again back in penny stock territory at $3.30 a share.\nThe pandemic has been tough on the retailer. Emerging from Covid-19, Express hastotal debtof $1.12 billion, about five times larger than its market capitalization. Its revenues were in decline for years before the pandemic.\nUnfortunately, Express has been the type of legacy retail company that Reddit investors love to pump up to unreasonable levels. As the economy recovers, Express will be hoping forimproved salesand a more stable share price.\nHall of Fame Resort & Entertainment (HOFV)\nHeadquartered in Canton, Ohio, Hall of Fame Resort & Entertainment owns and operates the Hall of Fame Village that adjoins the Pro Football Hall of Fame where die-hard NFL football fans make pilgrimages to when times are good.\nThe pandemic has caused a downturn and Hall of Fame Resort is thinking outside the box when it comes to generating revenue. The company, which isfocused on“leveraging the power and popularity of professional football,” recently announced  a newfantasy football leaguethat it hopes will attract interest.\nHowever, what has drawn the attention of the Reddit crowd has been Hall of Fame Resort’s move intonon-fungible tokens(NFTs). The company has announced that it plans to create the equivalent of digital trading cards focused on football players. Using the same underlying technology as many cryptocurrencies, NFTs marketed as “digital art” havesold for millionsof dollars at auctions this year.\nCan Hall of Fame Resorts achieve success with an NFT-version of trading cards? The jury is out.\nRegardless, the move into digital trading cards has helped lift HOFV stock. The company’s share price rose 633% to $12.31 a share following its NFT announcement. Now back down to $3.90, the stock should get some help this summer if tourists return to the Pro Football Hall of Fame.\nPenny Stocks: American Resources (AREC)\nAs the economy rebounds and infrastructure projects get underway this summer, it should help American Resources. The Fishers, Indiana-based company produces the coal products that are used insteel manufacturing.\nDemand for steel products should increase sharply as the economy begins running at full tilt. With coal operations in Kentucky and West Virginia, American Resources is ideally positioned to respond to demand from U.S. steel mills. Additionally, the company is diversifying its operations with plans toexpand into rare earth elementsthat are used in smartphones and electric vehicles, notably the batteries that power such devices and machines.\nAREC stock was pushed up 324% to an all-time high of $8.02 a share from just $1.89 earlier this year. The big leap was due entirely to the stock being targeted by Reddit investors. Since that big run, the share price has been cut in half and the stock now trades at $3.40.\nBetter days should be ahead though as the economic recovery gathers momentum.\nRave Restaurant Group (RAVE)\nWill people ever tire of eating pizza? Not if Rave Restaurant Group has its way. The Dallas, Texas-based company that has been in business since 1958 and operates pizza restaurants under the Pie Five and Pizza Inn brands is hoping that the economic recovery will lead to a return ofin-person diningat its franchise locations even as people continue ordering delivery and takeout from its more than 500 outlets around the U.S.\nRave Restaurant saw its net income increase 629% in 2020 to $102,000. The company also finished last year with cash on hand of $6.3 million. Rave Restaurant will want to build on its success as people emerge from Covid-19 hibernation and begin eating out again.\nRAVE stock has had an up-and-down year so far but remains 56% higher year-to-date at $1.39 a share. The share price is down from its 52-week high of $2.36 a share following aReddit rallyin March, but there remains room for the stock to run.","kind":"news","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":106082296,"gmtCreate":1620076255815,"gmtModify":1634208115249,"author":{"id":"3575368380492738","authorId":"3575368380492738","name":"Huazai","avatar":"https://static.tigerbbs.com/b49ee8932c56a165de373cdc1d186dc4","vip":1,"crmLevel":3,"crmLevelSwitch":0,"authorIdStr":"3575368380492738","idStr":"3575368380492738"},"htmlText":"Really or not&nbsp;","listText":"Really or not&nbsp;","text":"Really or 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moree..🥰","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/108777091","repostId":1174121512,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":108537480,"gmtCreate":1620039924140,"gmtModify":1634208330974,"author":{"id":"3573383772698946","authorId":"3573383772698946","name":"pralala","avatar":"https://static.tigerbbs.com/a6018cc8ea8414980b33b04dfc9fc497","vip":1,"crmLevel":6,"crmLevelSwitch":0,"authorIdStr":"3573383772698946","idStr":"3573383772698946"},"htmlText":"$HOFV🚀","listText":"$HOFV🚀","text":"$HOFV🚀","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/108537480","repostId":1174121512,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":108275100,"gmtCreate":1620036019100,"gmtModify":1634208356780,"author":{"id":"3566114945046020","authorId":"3566114945046020","name":"ZhiYuan","avatar":"https://static.tigerbbs.com/15b3a0a1c00b230d42759119b008de43","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3566114945046020","idStr":"3566114945046020"},"htmlText":"Please Like my comment","listText":"Please Like my comment","text":"Please Like my comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/108275100","repostId":1174121512,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4208355,"gmtCreate":1620037037832,"gmtModify":1635504665869,"authorId":3577092942653022,"author":{"id":3577092942653022,"idStr":"3577092942653022","authorId":3577092942653022,"name":"XNOP593","avatar":"https://static.tigerbbs.com/732877c9630f22cc8eb6bebac5e10f6d","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":108275100,"type":1,"supId":0,"prevId":0,"content":"Response back <u>pls</u>","text":"Response back <u>pls</u>","html":"Response back <u>pls</u>"}],"langContent":"EN"},{"id":108271795,"gmtCreate":1620035653417,"gmtModify":1634208358995,"author":{"id":"3571011001777364","authorId":"3571011001777364","name":"Investigater","avatar":"https://static.tigerbbs.com/6cc9755a32715757af2686d3467dc2be","vip":1,"crmLevel":5,"crmLevelSwitch":0,"authorIdStr":"3571011001777364","idStr":"3571011001777364"},"htmlText":"Go go go","listText":"Go go go","text":"Go go 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