Trading Penny Stocks? Main stock market news for March 17, 2022 |

Buy Penny Stocks today? Here’s what you need to know

If you’re looking for penny stocks to buy right now, there are plenty of options to choose from. Additionally, there is also a significant amount of volatility with penny stocks and blue chips given the current state of geopolitics and the US economy.

For this reason, it’s worth looking at what exactly is going on in order to understand how to make money with penny stocks in 2022. With that in mind, let’s take a look at what you need to know about trading penny stocks today. today.

What to Know About Trading Penny Stocks Today

In Thursday’s pre-market session, U.S. equity futures were flat. After raising interest rates for the first time in three years, the stock market managed to climb substantially. This is a telltale sign that investors may be comfortable with the direction the stock market is currently heading.

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At the meeting, the Fed said it would raise the benchmark federal funds rate by 0.25%. The objective here is to reduce inflation and begin the process of rebuilding the economy. With that in mind, let’s take a look at three penny stocks to watch that are climbing right now.

3 Penny Stocks That Are Climbing During Trading Right Now

  1. Imperial Petroleum Inc. (NASDAQ: IMPP)
  2. TD Management Inc. (NASDAQ:GLG)
  3. Mullen Automotive Inc. (NASDAQ: MULN)

Imperial Petroleum Inc. (NASDAQ: IMPP)

One of the biggest pre-market gainers and a penny stock we’ve covered several times recently is the IMPP stock. During today’s premarket session, IMPP shares jumped over 15%. And, over the past month, IMPP shares have soared more than 280%. This comes after a year of loss of more than 70%.

The main reason for its gain comes from the rise in the price of oil over the past few weeks. This boosted IMPP and other energy penny stocks such as Camber Energy Inc. (NYSE: CEI) and Indonesia Energy Corp. ltd. (NYSE: INDO) during this period. Given all of this, will IMPP be on your penny stocks watch list?

TD Management Inc. (NASDAQ:GLG)

During premarket trading, GLG shares soared more than 68%, which is no small feat. The big news for TD Holdings came after markets closed yesterday when the company released its financial results for the year ended December 31, 2021. In the results, it recorded revenue from commodities trading of 201 million dollars, an increase of 612%.

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Additionally, it resulted in a net loss of $0.94 million, compared to $2.4 million the previous year. These numbers are very positive and show that GLG’s stock is growing right now. And, it’s clear why GLG shares are rising in today’s session. With that in mind, are GLG stocks worth adding to your list of penny stocks to buy?

Penny_Stocks_to_Watch_GLG Holdings (GLG stock chart)

Mullen Automotive Inc. (NASDAQ: MULN)

Mullen Automotive is a penny stock we’ve been discussing for several weeks at this point. Up more than 19% in premarket, MULN shares have soared more than 50% and 120% in the past five days and one month, respectively.

Today, the EV penny stock rose due to an appearance on a Yahoo Live financials segment. It’s great for exposure and comes after Mullen continued to grab headlines over the past few trading sessions. While Mullen still has a long way to go before he can compete with the EV majors, he’s working hard to get there. That said, is MULN on your watch list this month?

Penny_Stocks_to_Watch_Mullen Automotive (MULN stock chart)

What Penny Stocks are you looking at right now?

Finding the best penny stocks to buy is all about understanding where to look and what’s happening in the stock market.

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While this may be difficult given the large number of factors in play right now, there are plenty of ways to have a better chance of profiting from it. This includes having a trading strategy, knowing your investment goals, etc. With that in mind, what penny stocks are you looking at right now?

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