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15 Hot Penny Stocks On the Move

In this article, we will take a detailed look at the 15 Hot Penny Stock On the Move. For a quick overview of such stocks, read our article  5 Hot Penny Stock On the Move.

Strong inflation data from January and the Fed’s indications that it would take its time before initiating rate cuts threw cold water on investors’ hopes of getting rid of uncertainties. But more and more economists and analysts are starting to believe the US economy might dodge recession altogether.

UBS and Goldman Sachs recently increased their 2024 targets for the S&P 500. A Wall Street Journal report cited Brian Rose, senior U.S. economist at UBS Global Wealth Management, who said that “it’s still looking good” based on a “very big picture perspective.” Rose was sharing his views on the latest reports on inflation, economic growth and the labor market.

Market Experts Believe There Will be No Recession

Another hope comes from Jan Hatzius, Goldman Sachs’ chief economist, who has a history of making prescient calls about the US economy in the past. Hatzius held a contrarian opinion before the 2007-2008 financial crisis and warned that mortgage defaults could lead to a recession. A latest report by Wall Street Journal said Hatzius’s opinion is given a lot of importance in Washington and Wall Street. The Journal also said Fed Chair Jerome Powell has met Hatzius “several times.” So what does Jan Hatzius think about the US economy’s future? Hatzius believes the US economy would be able to avoid a recession and tame inflation without high unemployment. He thinks the jobs market would cool down due to reduced vacancies instead of massive layoffs.

Given the economy’s resilience and expectations that the US won’t see a recession, it’s time to see which risky equities with high upside potential are making moves.

Methodology

For this article we used a stock screener to identify penny stocks (trading under $5) that have gained significantly over the past few weeks and have average daily volume of over 500,000. From these stocks we picked the penny stocks with the highest share price gains over the past few weeks.

15. Rigetti Computing Inc (NASDAQ:RGTI)

Stock Performance Over the Past One Month: +48%

Rigetti Computing Inc (NASDAQ:RGTI) makes quantum ICs used in quantum computing. The stock has gained about 48% over the past one month.

Insider Monkey’s database shows that 11 hedge funds out of the 910 funds tracked by Insider Monkey had stakes in Rigetti Computing Inc (NASDAQ:RGTI). The most notable stake in Rigetti Computing Inc (NASDAQ:RGTI) is owned by Israel Englander’s Millennium Management which owns a $5 million stake in Rigetti Computing Inc (NASDAQ:RGTI).

14. MicroAlgo Inc (NASDAQ:MLGO)

Stock Performance Over the Past One Month: +26%

MicroAlgo Inc (NASDAQ:MLGO) ranks 14th in our list of the hot penny stocks on the move. MicroAlgo Inc (NASDAQ:MLGO) provides central processing algorithm solutions to customers in the internet and chips industries.

13. Lexicon Pharmaceuticals Inc (NASDAQ:LXRX)

Stock Performance Over the Past One Month: +75%

Lexicon Pharmaceuticals Inc (NASDAQ:LXRX) ranks 13th in our list of the hottest penny stocks on the move as of February 16.

The stock has gained about 75% over the past one month.

Near the end of 2023 Lexicon Pharmaceuticals Inc (NASDAQ:LXRX) signed an open market sale agreement to sell its common stock, having an aggregate sales price of up to $75 million.

A total of 12 hedge funds out of the 910 funds tracked by Insider Monkey had stakes in Lexicon Pharmaceuticals Inc (NASDAQ:LXRX). The biggest stake in Lexicon Pharmaceuticals Inc (NASDAQ:LXRX) is owned by Mark Lampert’s Biotechnology Value Fund / BVF Inc which owns a $22 million stake in Lexicon Pharmaceuticals Inc (NASDAQ:LXRX).

12. Inspira Technologies Oxy BHN Ltd (NASDAQ:IINN)

Stock Performance Over the Past One Month: +45%

Inspira Technologies Oxy BHN Ltd (NASDAQ:IINN) shares have gained about 45% over the past one month as the company said it received a US patent for its orbiting blood oxygenation delivery system.

As of the end of the third quarter of 2023, seven hedge funds had stakes in Inspira Technologies Oxy BHN Ltd (NASDAQ:IINN).

11. Hyliion Holdings Corp (NYSE:HYLN)

Stock Performance Over the Past One Month: +28%

Hyliion Holdings Corp (NYSE:HYLN) is on the move after the company posted Q4 results and gave an update on its planned closure of electric powertrain operations.

Hyliion Holdings Corp’s (NYSE:HYLN) CEO Thomas Healy talked about Hyliion’s long-term plans:

“For 2024, we expect to begin paid deployments with customers. However, the exact timing of payment may be subject to customers’ acceptance of the generator, including meeting certain performance requirements. For 2025, we expect to generate revenue in the low double-digit million in sales from the KARNO generator, and we’ve already begun building a backlog of customers who we expect will purchase these units. Lastly, I’d like to share some operational updates on Hyliion so that you can have a greater understanding on how we are shaping the organization post this transition.

Our headquarters will remain in Texas at our existing Cedar Park facility in the outskirts of Austin. Long term, our plan will be to utilize this 120,000 square foot facility for manufacturing and assembly of the KARNO generator as we move into production. We also have a significant presence in Cincinnati, Ohio, which is where most of the engineering development and testing of the generator is taking place. We now have around 100 people in the company with a little over half of the team in Austin and the remainder in Cincinnati.”

Read the entire Q4 earnings call here.

10. Jumia Technologies AG – ADR (NYSE:JMIA)

Stock Performance Over the Past One Month: +53%

African ecommerce company Jumia Technologies AG – ADR (NYSE:JMIA) stock is on the move after Jumia Technologies AG – ADR (NYSE:JMIA) posted Q4 results.  Jumia Technologies AG – ADR (NYSE:JMIA) narrowed its losses significantly thanks to decreased tax provisions in some countries, a decline in advertisement and general expenses.

As of the end of the third quarter of 2023, seven hedge funds tracked by Insider Monkey had stakes in Jumia Technologies AG – ADR (NYSE:JMIA).

9. Canaan Inc – ADR (NASDAQ:CAN)

Stock Performance Over the Past One Month: +15%

Canaan Inc – ADR (NASDAQ:CAN) is a China-based company which makes hardware equipment used in bitcoin mining. The stock has gained about 15% over the past one month through February 22. Canaan Inc – ADR (NASDAQ:CAN) shares are gaining along with other crypto-related stocks after Bitcoin’s surge.

8. BioXcel Therapeutics Inc (NASDAQ:BTAI)

Stock Performance Over the Past One Month: +26%

BioXcel Therapeutics Inc (NASDAQ:BTAI) shares recently jumped after the FDA granted fast track designation to its experimental prostate cancer therapy, BXCL701.

On February 13, BioXcel Therapeutics Inc (NASDAQ:BTAI) said it terminated its proposed public offering of $60 million of shares of its common stock or, pre-funded warrants to purchase shares of its common stock.

As of the end of the third quarter of 2023, 10 hedge funds had stakes in BioXcel Therapeutics Inc (NASDAQ:BTAI).

7. D-Wave Quantum Inc (NYSE:QBTS)

Stock Performance Over the Past One Month: +144%

Canadian quantum computing company D-Wave Quantum Inc (NYSE:QBTS) shares are up about 144% over the past one month.

In November D-Wave Quantum Inc (NYSE:QBTS) posted third quarter results. GAAP EPS in the period came in at -$0.12, beating estimates by $0.05. Revenue in the quarter jumped 50% year over year to $2.56 million, missing estimates by $0.33 million.

6. SoundHound AI Inc (NASDAQ:SOUN)

Stock Performance Over the Past One Month: +99%

Sound technology company SoundHound AI Inc (NASDAQ:SOUN) ranks sixth in our list of the hot penny stocks on the move. The stock jumped a whopping 99% over the past one month. Nvidia recently revealed a $3.7 million stake in the company. SoundHound AI Inc (NASDAQ:SOUN) is behind the Houndfly platform that is used by companies to develop voice assistants.

As of the end of the third quarter of 2023, 10 hedge funds out of the 910 funds tracked by Insider Monkey had stakes in SoundHound AI Inc (NASDAQ:SOUN).

Click to continue reading and see 5 Hot Penny Stocks on the Move.

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Disclosure. None. 15 Hot Penny Stock On the Move was initially published on Insider Monkey.

AI, Tariffs, Nuclear Power: One Undervalued Stock Connects ALL the Dots (Before It Explodes!)

Artificial intelligence is the greatest investment opportunity of our lifetime. The time to invest in groundbreaking AI is now, and this stock is a steal!

AI is eating the world—and the machines behind it are ravenous.

Each ChatGPT query, each model update, each robotic breakthrough consumes massive amounts of energy. In fact, AI is already pushing global power grids to the brink.

Wall Street is pouring hundreds of billions into artificial intelligence—training smarter chatbots, automating industries, and building the digital future. But there’s one urgent question few are asking:

Where will all of that energy come from?

AI is the most electricity-hungry technology ever invented. Each data center powering large language models like ChatGPT consumes as much energy as a small city. And it’s about to get worse.

Even Sam Altman, the founder of OpenAI, issued a stark warning:

“The future of AI depends on an energy breakthrough.”

Elon Musk was even more blunt:

“AI will run out of electricity by next year.”

As the world chases faster, smarter machines, a hidden crisis is emerging behind the scenes. Power grids are strained. Electricity prices are rising. Utilities are scrambling to expand capacity.

And that’s where the real opportunity lies…

One little-known company—almost entirely overlooked by most AI investors—could be the ultimate backdoor play. It’s not a chipmaker. It’s not a cloud platform. But it might be the most important AI stock in the US owns critical energy infrastructure assets positioned to feed the coming AI energy spike.

As demand from AI data centers explodes, this company is gearing up to profit from the most valuable commodity in the digital age: electricity.

The “Toll Booth” Operator of the AI Energy Boom

  • It owns critical nuclear energy infrastructure assets, positioning it at the heart of America’s next-generation power strategy.
  • It’s one of the only global companies capable of executing large-scale, complex EPC (engineering, procurement, and construction) projects across oil, gas, renewable fuels, and industrial infrastructure.
  • It plays a pivotal role in U.S. LNG exportation—a sector about to explode under President Trump’s renewed “America First” energy doctrine.

Trump has made it clear: Europe and U.S. allies must buy American LNG.

And our company sits in the toll booth—collecting fees on every drop exported.

But that’s not all…

As Trump’s proposed tariffs push American manufacturers to bring their operations back home, this company will be first in line to rebuild, retrofit, and reengineer those facilities.

AI. Energy. Tariffs. Onshoring. This One Company Ties It All Together.

While the world is distracted by flashy AI tickers, a few smart investors are quietly scooping up shares of the one company powering it all from behind the scenes.

AI needs energy. Energy needs infrastructure.

And infrastructure needs a builder with experience, scale, and execution.

This company has its finger in every pie—and Wall Street is just starting to notice.

Wall Street is noticing this company also because it is quietly riding all of these tailwinds—without the sky-high valuation.

While most energy and utility firms are buried under mountains of debt and coughing up hefty interest payments just to appease bondholders…

This company is completely debt-free.

In fact, it’s sitting on a war chest of cash—equal to nearly one-third of its entire market cap.

It also owns a huge equity stake in another red-hot AI play, giving investors indirect exposure to multiple AI growth engines without paying a premium.

And here’s what the smart money has started whispering…

The Hedge Fund Secret That’s Starting to Leak Out

This stock is so off-the-radar, so absurdly undervalued, that some of the most secretive hedge fund managers in the world have begun pitching it at closed-door investment summits.

They’re sharing it quietly, away from the cameras, to rooms full of ultra-wealthy clients.

Why? Because excluding cash and investments, this company is trading at less than 7 times earnings.

And that’s for a business tied to:

  • The AI infrastructure supercycle
  • The onshoring boom driven by Trump-era tariffs
  • A surge in U.S. LNG exports
  • And a unique footprint in nuclear energy—the future of clean, reliable power

You simply won’t find another AI and energy stock this cheap… with this much upside.

This isn’t a hype stock. It’s not riding on hope.

It’s delivering real cash flows, owns critical infrastructure, and holds stakes in other major growth stories.

This is your chance to get in before the rockets take off!

Disruption is the New Name of the Game: Let’s face it, complacency breeds stagnation.

AI is the ultimate disruptor, and it’s shaking the foundations of traditional industries.

The companies that embrace AI will thrive, while the dinosaurs clinging to outdated methods will be left in the dust.

As an investor, you want to be on the side of the winners, and AI is the winning ticket.

The Talent Pool is Overflowing: The world’s brightest minds are flocking to AI.

From computer scientists to mathematicians, the next generation of innovators is pouring its energy into this field.

This influx of talent guarantees a constant stream of groundbreaking ideas and rapid advancements.

By investing in AI, you’re essentially backing the future.

The future is powered by artificial intelligence, and the time to invest is NOW.

Don’t be a spectator in this technological revolution.

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A New Dawn is Coming to U.S. Stocks

I work for one of the largest independent financial publishers in the world – representing over 1 million people in 148 countries.

We’re independently funding today’s broadcast to address something on the mind of every investor in America right now…

Should I put my money in Artificial Intelligence?

Here to answer that for us… and give away his No. 1 free AI recommendation… is 50-year Wall Street titan, Marc Chaikin.

Marc’s been a trader, stockbroker, and analyst. He was the head of the options department at a major brokerage firm and is a sought-after expert for CNBC, Fox Business, Barron’s, and Yahoo! Finance…

But what Marc’s most known for is his award-winning stock-rating system. Which determines whether a stock could shoot sky-high in the next three to six months… or come crashing down.

That’s why Marc’s work appears in every Bloomberg and Reuters terminal on the planet…

And is still used by hundreds of banks, hedge funds, and brokerages to track the billions of dollars flowing in and out of stocks each day.

He’s used this system to survive nine bear markets… create three new indices for the Nasdaq… and even predict the brutal bear market of 2022, 90 days in advance.

Click to continue reading…