Terra Tech Corp (OTCMKTS:TRTC) 2 Prong Approach

Terra Tech Corp (OTCMKTS:TRTC) 2 Prong Approach

A hot OTC penny stock is Terra Tech Corp (TRTC) , which is a cannabis-focused agriculture company. Shares of the company are currently trading in the $0.33-$0.34 range, and the current market capitalization of the company is just over $118 million. Over a 52-week period, shares of the company have traded in the $0.08 to $0.75 range. The company engages in two primary fields of business – hydroponic produce (including produce, herbs, cigarettes and floral products) and cannabis products (including the design, marketing and sale of equipment). TRTC is looking to make a major move within the expanding cannabis industry. In fact, a number of other cannabis and medical marijuana companies are also seeing heavy trading volume right now in the OTC markets. Investors refer to this as the “Green Rush” – the great race to become a market leader within the emerging cannabis industry. Obviously, there is a tremendous amount of regulatory risk surrounding California-based TRTC (and every other company in the industry), but the growing consensus appears to be that this is a fast-growth field with enormous market potential. There’s one upcoming stock catalyst for TRTC, and that’s new ballot initiatives currently under consideration within California and Nevada that would further legalize marijuana use within the country. The company has already launched plans to operate medical marijuana facilities in Nevada through a number of subsidiaries. Recent concerns about a reverse stock split at the company seem to be over, and that could free up the stock to make a move upward if the ballot initiatives pass. What makes TRTC stand out from other competitors in the industry is its...

Penny Stocks to Buy Now: (NYSE:XCO), (NYSEMKT:AUMN)..

Penny Stocks to Buy Now: EXCO (NYSE:XCO), Golden Minerals (NYSEMKT:AUMN) and Banro (NYSEMKT:BAA)   In both the energy and mining sectors, sharp swings in commodity prices could turn several speculative penny stocks into real winners. It’s important to keep an eye not only on spot market prices for commodities such as oil, gas and gold, but also on long-term secular changes that are changing the balance between supply and demand.   Within the oil & gas sector, one major change has been the embrace of shale gas & oil exploration, and one company that could be poised to profit from this trend is EXCO Resources (NYSE:XCO), a Texas-based oil and natural gas company with strong shale resource plays within the continental United States. The company’s three big shale oil deposits are located in Texas, Louisiana and Appalachia.   Right now, investors are down on the company, with a consensus “sell” rating on the company. Shares of the company currently trade at $1.10, and the price target for the company is only $0.50. That would seem to suggest that shares of the company are going to collapse to a 52-week low ($0.51), compared to a 52-week high of $1.94.   But it’s exactly this pessimistic market sentiment that might lead to a real bargain for the stock. This is not a tiny company – the total market capitalization of EXCO is $290 million, with 65% institutional investor ownership. Think of this as a chance to go contrarian.   As recently as July 2015, RBC Capital Markets had upgraded the company from “Sector Underperform” to “Sector Perform.” There’s also been a...

Penny Stocks to Watch (NASDAQ:CTIC & NASDAQ:PTX)

Penny Stocks to Watch (NASDAQ:CTIC and NASDAQ:PTX)   Penny stocks to watch in this volatile market can be hard to find.  The bio-tech sector has some of the fastest-growing companies with the greatest potential for upside gain. Often, these companies can skyrocket to massive highs if a new clinical trial goes well, or if the company undergoes a major reorganization that brings in fresh investor capital. There are two biotech penny stocks – CTI BioPharma Corp (NASDAQ:CTIC) and Pernix Therapeutics (NASDAQ:PTX) that appear to have exactly that kind of upside potential.   The first on our list of penny stocks to watch, CTI BioPharma Corp (CTIC), offers targeted therapies for a wide range of blood-related cancers and other serious blood conditions. The stock is currently trading at $0.403, and over a 52-week period, has traded in a relatively narrow range of $0.25 to $1.75. However, right now, Piper Jaffray currently has a $0.75 price target for the stock, which has a market capitalization of over $120 million. There appear to be at least three primary catalysts for the stock to move nearly 50 percent higher. One is the recent release of data about PERSIST-2, a Phase 3 clinical trial from the company to develop a treatment for patients suffering from myelofibrosis, a debilitating blood condition that leads to lower quality of life and shortened survival time.   Another primary catalyst is the improved earnings picture for the company. On August 4, the company reported earnings per share of $0.07, topping analysts’ consensus estimates of $0.10. Finally, the third primary catalyst is the changing ownership structure of the company, with...

MX Gold (MXLGF): Does Gold Bounce?

MXLGF now has a Buy rating at barchart.com. http://www.barchart.com/quotes/stocks/MXLGF Why? We told you about MXLGF last week and it saw a ton of action. Well, while precious metals may rise another fifteen percent over the next year, remember a junior miner like MXLGF can rip triples of that… in the short term. Some of this we have covered but its important to remind readers. Nuggets themselves are in a major upward bull trend, with analysts and fund managers in committed long positions, protecting price and placing near-term targets in the $1500 range (representing a huge rally still to come). Oil is important as well, because MXLGF has one problem: how to power its mining equipment. An oil bear market is still in play with OPEC just announcing that Saudi pumping in July reached a new all-time record. That’s spectacular for junior miners like MXLGF: Cost of mining is down, sales prices are up, and the market is favoring speculative stocks. All of that is reflected in the recent news out of MXLGF that they had to actually increase their Private Placement due to Significant Interest. In other words, there was too much demand for private placement investment in shares of the company, so they had to increase the deal. That’s about the best news a stock can have. And it comes in a stream of strong catalysts: MXLGF – Development Work on 10,000 Tonne Bulk Sample Proceeding as Scheduled and on Budget MXLGF Announces Increase in Private Placement due to Significant Interest MXLGF Announces Private Placement This is a pretty simple equation right now: Costs Down Prices Up Spec...

Top 10 Hot Tech Stocks You Need for 2016

Here are 10 Hot Tech Stocks every investor needs in 2016. Hot tech stocks can deliver huge returns for savvy traders, here are some of the best. ATVI,  Activision Blizzard, Inc has been on fire in 2016, the stock has more than tripled in the past 5 years and is showing no signs of slowing down. Growth in mobile gaming has pushed sales to record highs.  $ATVI is a must own tech stock in 2016. GOOG, Alphabet Inc. $GOOG has been a ATM for Tech trader the past 5 years.  Face it they dominate the space and Yahoo is a mess.    $GOOG tends to perform best in the 4th quarter, watch it close in 2016. MSFT, Microsoft the Tech Giant based out of Redmond, WA is a must have in any tech portfolio.  Microsoft Stock $MSFT has doubled in the past 5 years while maintaining a steadily rising dividend of $.36/share.   A safe bet in any market. AMZN, Amazon.com Inc. The end of Staples and Office Depot is just another boost for $AMZN.  It continues to grow at a torrid pace, opening new distribution centers around the world.   Investors are very Bullish when in comes to AMZN if you can handle $200 swings, this may be the best of the bunch in 2016.  Key Figure: P/E Ratio 293.1 INTC, Intel has long been a popular tech stock, but has fallen out of favor in resent years.  Look for a shift to the upside in the near future as $INTC shifts its focus away from mobile chip expansion to a more suitable market- data center chips, where it dominates the market and boasts...