Penny Stocks to Buy Right Now? 3 to Watch as the Stock Market Falls

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3 Penny Stocks to Watch During the Stock Market Crash 

After another day of the stock market crashing, finding penny stocks to buy is proving to be quite challenging. However, even during times of high volatility, there are still penny stocks that show substantial gains. 

Now, in 2022, if you’ve traded penny stocks or blue chips, you’re likely used to a high degree of volatility. And, this volatility is no more clear than it has been in the past two months or so. While this may not make buying penny stocks any easier, it should help to show that trading stocks right now is more geared toward those with higher risk tolerance. 

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And, today, we saw another day of negative momentum, with the Dow falling substantially. This fall was driven by tech stocks, and the underlying factors include rising inflation, climbing interest rates, and geopolitical uncertainty. So, with all of that in mind, let’s take a look at three penny stocks that managed to climb during trading on May 9th, 

3 Penny Stocks to Add to Your Market Crash Watchlist 

  1. Better Therapeutics Inc. (NASDAQ: BTTX
  2. Iamgold Corp. (NYSE: IAG
  3. Ambev ADR (NYSE: ABEV

Better Therapeutics Inc. (NASDAQ: BTTX) 

Better Therapeutics is a penny stock that we have covered multiple times in the past few months. And with an over 15% gain on May 9th, it’s clear that BTTX stock is still on many investors watchlists. In the past five days, we’ve seen BTTX stock climb by over 30%. And this gain comes after a YTD drop of more than 55%. 

So, why the sudden uptick for BTTX stock? Well, ahead of its upcoming Q1 2022 financial report release on May 13th, Better Therapeutics made some exciting announcements a few weeks ago. It stated that the first study of its nutritional cognitive-behavioral study for fatty liver disease showed very promising primary endpoint data. 

“With a quarter of American adults affected by NAFLD, including 70% of diabetes patients, fatty liver disease is a growing public health crisis made even more challenging by a lack of effective, FDA-approved therapeutics. We are hopeful that the nCBT approach offered by Better Therapeutics can prove effective in treating this condition and alleviating the pressure it places on our health system, including the $100 billion annual cost incurred as a direct result of this condition.”

The Director of Cedars Sinai Fatty Liver Program, Mazen Noureddin, MD

This is exciting news for the company and should continue to play out in the next few months. With that in mind, will BTTX be on your penny stocks watchlist or not?

Iamgold Corp. (NYSE: IAG) 

Another penny stock moving during trading today is IAG stock. While shares were up at midday, by EOD, we saw shares of IAG stock fall down slightly. In the past five days, IAG stock has dropped by around 25%. This was mostly driven by a major loss on May 4th that drove shares down by over 20%. Before we go any further, it’s important to understand what IAG does.

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Iamgold is a mid-tier gold mining company with operations in several countries around the world. This includes those in North and South America as well as in West Africa. In its Q1 2022 results, the company posted gold production of 174,000 ounces with strong performance at its key mines. And, with a Mine-site free cash flow of $87.5 million, the company brought in net earnings attributable to equity holders of $0.05. While these numbers were up to par, many investors are concerned about the future of the company. 

“The Company delivered good results in the first quarter of 2022, resulting primarily from solid operating performance at Essakane. However, preliminary cost estimates from the ongoing risk analysis at our Côté development project, coupled with the need for additional liquidity represent significant near- and mid-term challenges.”

The Chair of the Board and Interim President and CEO of Iamgold, Maryse Belanger

So, with these challenges in mind, does IAG deserve a spot on your list of penny stocks to buy in May?

Ambev ADR (NYSE: ABEV) 

Another penny stock that we have discussed numerous times recently is ABEV stock. In the past six months, ABEV stock has fallen by around 17%. But, during that time, we’ve also seen some major gains alongside the large losses. While there have not been many recent updates from the company, it did make an announcement in early April. On April 13th, the company’s CEO stated that this year should be good for the beer sector. 

While there is a large amount of volatility right now, the company states that the ending of the pandemic could lead to increases in demand for alcoholic beverages. On top of this, high priced alcohol brands have seen consistent sales despite inflation continuing to climb. 

In Brazil, the most popular brands for it are Brahma and Skol, with Stella Artois acting as its premium product. Right now, the company is working hard to try not to be affected by the rising price of aluminum and barley, which are its main commodities. So, considering this, do you think ABEV stock is worth buying or not?

Can You Make Money With Penny Stocks During a Market Crash?

If you’re looking for penny stocks to buy during a market crash, it can be quite challenging. However, if you know where to look and what stocks to buy, it can be a great way to make money with penny stocks. 

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The main idea is to understand exactly what is going on in the stock market and how to take advantage. By knowing what factors are impacting your watchlist, you can have an easier time attempting to profit with small caps. So, with that in mind, do you think making money during a stock market crash is possible?

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