Stocks that traded heavily or had substantial price changes Thursday:
Quanta Services Inc., up $3.48 to $84.61.
The contractor for utility and energy companies reported surprisingly good fourth-quarter profits.
L Brands Inc., up 71 cents to $52.36.
The owner of the Victoria’s Secret and Bath & Body Works chains beat analysts' fourth-quarter profit forecasts.
Twitter Inc., up $2.67 to $74.59.
The social media company gave investors an encouraging update on its long-term goals.
Domino’s Pizza Inc., down $25.59 to $339.
The pizza chain reported weak fourth-quarter earnings and revenue.
ViacomCBS Inc., down $3.10 to $62.50.
The media and entertainment conglomerate's fourth-quarter revenue disappointed investors.
J.M. Smucker Co., up $1.81 to $115.03.
The maker of Smucker's jam and Folgers coffee raised its annual profit forecast and reported good third-quarter earnings.
Wayfair Inc., down 8 cents to $258.05.
The online home goods retailer handily beat Wall Street’s fourth-quarter profit forecasts.
Best Buy Co., down $10.52 to $102.94.
The consumer electronics retailer’s fourth-quarter revenue fell short of Wall Street forecasts.7 Penny Stocks That Don’t Care About Robinhood
By the time you read this Vladimir Tenev, the CEO of the trading app Robinhood, will be testifying in front of Congress. The company’s role in the GameStop (NYSE:GME) short squeeze will be called into question.
However, the real issue at stake is the right of traders to buy and sell the equities of their choice. In the case of Robinhood, some traders are buying a lot of penny stocks. While definitions vary, penny stocks are generally considered stocks that are trading for less than $10 per share. These stocks are largely ignored by the investment community.
One reason is that many of these stocks are cheap for a reason. For example, the company may have a business model that is out of date. In other cases, they operate in a very small, niche market that doesn’t drive a lot of revenue.
And most of these stocks are ignored by the investment community. They simply aren’t considered significant enough to spend time debating.
But some penny stocks do have the attention of Wall Street. And they’re being largely ignored by the day trading community. The focus of this special presentation is to direct you to penny stocks that have a story that the “smart money” thinks will eventually be trading at much higher prices.
And that’s why you should be looking at them now.
View the "7 Penny Stocks That Don’t Care About Robinhood"
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