As 2022 kicks off, it’s time for a penny stock watchlist refresh. Plus, there are more people looking for stocks to invest in than ever before thanks to an uptick in new brokerage accounts and trading apps.
Many beginner investors believe that they must invest a large sum of money in pricey equities to achieve high returns, but that isn’t always the case.
Stocks on your watchlist should not always be firms that are affiliated with well-known names, executives, or directors. That isn’t where success begins and ends.
One of the benefits of penny stocks is that they allow you to buy more shares at a price often below $5 and thereby generate profits faster due to their higher volatility. However, it is worth mentioning that penny stocks also carry more risk.
In 2022 your watch list might include the following stocks:
- Crexendo Inc. (NASDAQ:CXDO)
- Martin Midstream Partners (NASDAQ:MMLP)
- US Xpress Enterprises Inc. (NYSE:USX)
- Conduent Incorporated (NASDAQ:CNDT)
Crexendo Inc. (NASDAQ:CXDO)
Crexendo is a firm that provides business communications solutions from anywhere and on any device. From the list above, Crexendo Inc. is one of the firms with a lot of interest among experts due to its low volatility.
The company was recognized with a TMX Labs Innovation Award for its VIP platform, which is intended and built for remote employment, in early 2022. For the company’s development and positioning, Service (UCaaS) and Call Center as a Service (CCaaS) have been highly beneficial.
Martin Midstream Partners (NASDAQ:MMLP)
Martin Midstream is a limited partnership with four main lines of business. One of these is natural gas and other energy liquids marketing, distribution and liquid transportation services. In February, energy stocks are red hot as oil and gas prices have soared. And in general the energy industry has been experiencing volatility.
The company at this time remains focused on its refinery services asset base this year, this initiative was taken after unveiling its fourth-quarter 2021 results.
Bob Bondurant, President and Chief Executive Officer of Martin Midstream GP LLC, the general partner of the Partnership explained, “The rebound in the global economy and strengthening commodity prices resulted in solid annual results across all segments, and particularly in our fertilizer, land transportation, and butane optimization businesses…As we focus on 2022, I remain confident in our diversified refinery services asset base which has performed well through the last two years of economic instability.”
US Xpress Enterprises Inc. (NYSE:USX)
US Xpress Enterprises, a company that offers asset-based truckload transportation services in the U.S. The company has gained new momentum after recovering from a downturn. Among the services they offer include brokerage solutions and fleet services for huge shipping lines.
Last year, USX and Aurora Innovations announced a partnership to bring the company’s Driver-as-a-Service offering into the commercial sector.
Conduent Incorporated (NASDAQ:CNDT)
Conduent Incorporated provides business process outsourcing (BPO) solutions to drive savings and revenue growth in any industry. The company recently announced that it renewed its approximately $285 million contract with BATA to process automated toll transactions on seven state bridges in the Bay Area region. A few days before closing the deal, investors purchased shares at average prices of $4.45 and $4.75.
If you’re thinking about purchasing penny stocks right now, the answer is up to you. Before researching and investing in equities, you should consider a variety of factors. Diligent and careful study may help you make a more informed selection, but always keep in mind that you should be investing in companies you understand.
