Breaking News
Ad-Free Version. Upgrade your experience. Save up to 40% More details

3 Hot Penny Stocks For Your Watchlist

By (Thomas Hughes )Stock MarketsMar 30, 2021 06:28AM ET
3 Hot Penny Stocks For Your Watchlist
By (Thomas Hughes )   |  Mar 30, 2021 06:28AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items

Today’s Penny Stock Is Tomorrow’s NASDAQ Bell Ringer

Penny stocks, when positioned correctly, can become the next NASDAQ bell-ringer. While none of the stocks on today’s list are quite ready for that spotlight they all have it in them. The unifying factor in all cases is a secular need for not only the industry but the business model as well. These companies all operate in industries experiencing high demand driven by national if not global trends that promise to linger for years if not decades. If you’re looking for a couple of stocks to put in your penny stock or speculative account these may be what you are looking for.

1. Labor Smart, Inc Keeps Blue-Collar America Working

The labor market is strong despite the fact upwards of 16 million Americans are still out of work. The sad truth is that many industries and businesses were wiped out because of the economic shutdown and will never come back. The silver lining is that other industries have boomed and blossomed in the wake of the pandemic and many of them are the blue-collar industries serviced by Labor Smart Inc (OTC:LTNC).

What makes Labor Smart, Inc so much more interesting than the average labor market stock is its entrance into the cryptocurrency scene. The company recently announced it would begin accepting Bitcoin and Ethereum as payment in an effort to aid client flexibility. So, while we expect to see this company grow along with the economic boom we expect for the second half of 2021, we also see it as a play on cryptocurrency.

Labor Smart, Inc Stock Chart
Labor Smart, Inc Stock Chart

2. CarSmartt Will Get You Where You Are Going

Carsmartt (OTC:CRSM) operates an app connecting travelers and packages with rides for long-distance drives across America. The app is interesting to us more for the packages angle but ride-sharing is a hot-ticket item now too. With apps like Uber (NYSE:UBER) and Lyft (NASDAQ:LYFT) competing for market share, small operators like this are going to get gobbled up in the growth and drive value for shareholders.

Regarding the packages angle, the shipping/freight market is very tight right now and we see an opportunity for enterprising individuals to capitalize on that fact with this app. Shares of the stock bottomed over the last year confirming long-term support and appear to be in a reversal. Price action is above a key resistance line and testing it now for new support. If new support is confirmed this stock could see triple-digit gains in the near to short-term.

CarSmartt, Inc Stock Chart
CarSmartt, Inc Stock Chart

3. Drive Shack Gets A Bullish Rating

Drive Shack (NYSE:DS) operates multiple golf venues and destinations in the Carolinas and southeast making it a high-value property in COVID-related times. The pandemic sparked a 14% increase in the number of rounds played last year and we think those numbers will stick and so do the analysts. The analysts at Craig-Hallum Capital initiated this $3 stock with a buy rating and a $5 price target citing momentum in both business segments. Shares of the stock are moving down in the wake of the release but the trend is up making this a potential buying opportunity.

Drive Shack Stock Chart
Drive Shack Stock Chart

Original Post

3 Hot Penny Stocks For Your Watchlist

Related Articles

Tim Knight
Approaching $900 Billion By Tim Knight - Oct 22, 2021 6

Tesla (NASDAQ:TSLA) has defied all the critics and is at a new lifetime high today. The P/E is nearly 500, by the way. Here’s the lifetime history of this money-maker:

3 Hot Penny Stocks For Your Watchlist

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at’s discretion.

Write your thoughts here
Are you sure you want to delete this chart?
Post also to:
Replace the attached chart with a new chart ?
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Are you sure you want to delete this chart?
Replace the attached chart with a new chart ?
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Continue with Google
Sign up with Email