?
MOMENTUM & GROWTH
4 OTC Stocks to Add to Your Portfolio: ALPP CBTC MJWL SPQS
?
ByJim Bloom
Written Post on October 07 2021
COMMENTS
US stocks have been driven by mixed signals on Wednesday. On the one hand, the upbeat ADP job market data put pressure on stocks amid growing fears that the Fed will reduce the bond-buying program without any hesitation. On the other hand, optimism that Democrats and Republicans will manage to raise the debt ceiling supported the market.
Top US Senate Republican Mitch McConnell said his party would support an extension of the debt limit, which is currently at $28.5 trillion, into December, thus preventing a historical default that would lead the US economy and the whole world into a major crisis.
Jay Hatfield, founder and portfolio manager at Infrastructure Capital Advisors, told Reuters:
“McConnell made some dovish comments about temporarily extending the debt ceiling. That’s going to be interpreted in the short-run as positive.”
The rebound in stocks is capped by fears of a more hawkish Fed after the ADP National Employment Report showed private payrolls rose 568,000 jobs in September, beating forecasts suggesting a rise of 428,000 jobs.
Mike Loewengart, managing director, investment strategy at E*TRADE Financial, stated:
“Positive labor market data comes with the implication that the Fed can tighten policy at a quicker pace. But the fact that hiring is up shouldn’t be discounted — it’s definitely a good thing in terms of recovery.”
The stock market has had some difficult weeks and there is still a lot of tension, but there are plenty of OTC stocks getting ready to make the big moves into the seasonally strong Q4.
OTC STOCKS THE PLACE TO BE
Smart investors know that if you want to make the big money off a small account, the place to be is the OTC Markets. There are many good OTC stocks that can boost your portfolio’s value in the long term. For investors, we preach the key to trading penny stocks is finding momentum BEFORE it happens and ahead of the crowd.
We alert our subscribers with our best ideas before our regular readers. This is the value of having a subscription to Insider Financial, which you can sign up for here.
If you watch the Insider Financial YouTube channel, you can get a sense of the ideal time to book profits. We warned our subscribers not to get greedy or get caught up in the diamond hands/paper hands BS.
We also recommend you own a portfolio of penny stocks. For some, that can be as many as 10 to 20 or more OTC stocks. This provides diversification and allows one to manage the market’s moods much easier. It also helps to own shares in the following 4 hot OTC stocks.
In this article, we look at 4 OTC stocks that will greatly reward patient investors. They are Alpine 4 Holdings, Inc (OTCQB: ALPP), XTRA Bitcoin Inc (OTCPK: CBTC), Majic Wheels Corp (OTCPK: MJWL), and SportsQuest, Inc (OTCPK: SPQS).
?
OTC stocks #1 ALPP
?
OTC stocks #2 CBTC
?
OTC stocks #3 MJWL
?
OTC stocks #4 SPQS
OTC STOCKS #1 ALPP
Alpine 4 Holdings, Inc has been on the rise since last Friday, with the OTCQB stock gaining over 70% during the last five trading days alone, currently trading at $3.8, which is the highest level since mid-June. The share price peaked in February at over $8 and has consistently declined since then, but it recently broke above the resistance line of the bearish trend for good and is ready for new challenges.
ALPP has been a tremendous success for our subscribers. We first paid attention to this stock in February 2020, when the share price was just $.075 a share.
ALPP owns small market businesses and acquires businesses that fit into its disruptive DSF business model of Drivers, Stabilizers, and Facilitators. It provides electronic contract manufacturing solutions in the US. The company also offers automotive technologies, including:
6th Sense Auto – a connected car technology that provides various advantages to management, sales, finance, and service departments in the automotive dealership industry to enhance productivity, profitability, and customer retention;
BrakeActive – a safety device that enhances vehicle’s third brake light’s ability to reduce or prevent a rear-end collision.
Besides this, ALPP provides fabricated metal parts, assemblies, and sub-assemblies to original equipment manufacturers, and designs, fabricates, and installs dust collectors, commercial ductwork, kitchen hoods, industrial ventilation systems, machine guards, architectural work, water furnaces, and others, as well as specialized spiral duct work.
Recently, the company developed its blockchain-enabled Enterprise Business Operating System called SPECTRUMebos.
Its aerospace business, Vayu, Inc., is developing aircraft, conducts research, tests markets, and builds relationships with early adopters, suppliers, and regulatory authorities around the globe. Vayu has conducted flight operations in six different countries, and has partnered with dozens of organizations including Bill & Melinda Gates Foundation, USAID, and Verizon.
Investors are excited about this $500 million company as it plans to get uplisted on NASDAQ. The share price has surged shortly after the company presented its new logo that suggests it’s closer to NASDAQ.
Some investors were worried that ALPP hadn’t provided many updates in the last few months, but the company suggested that it had been advised to stay quiet on social media while working for the uplisting.
Interestingly, the logo submission form is the last item from the document checklist for the NASDAQ listing, and it seems that the major announcement is just around the corner.
OTC STOCKS #2 CBTC
XTRA Bitcoin Inc has bounced back after bottoming out on September 22 at $0.0026, which is the lowest since December last year. The share price has surged by four times since then to peak on Wednesday at $0.011, which is the highest since May. The Pink Current stock peaked in February at over $0.035.
XTRA is a Bitcoin mining company that operates in North America. The $20 million company is focused on expanding operations by increasing its Bitcoin mining hash rate and infrastructure capacity.
The company is leasing 2.5MW capacity and facilities and is currently raising funding to develop a 10MW Bitcoin mining facility in 2.5MW phases.
Investors are excited about the new website that has been updated recently.
Meanwhile, CBTC CEO Paul C Knudson has managed to get the Pink Current status for its real estate business Protocall Technologies, Inc, which demonstrates his ambition and competence.
More importantly, the share price of CBTC has been driven by the surge in the price of Bitcoin itself, which is currently trading near $55,000, which is the highest since May, this becoming a $1 trillion market again.
The largest cryptocurrency by market cap has managed to break above a strong resistance at $48,000, which was tested several times in September and October. Bitcoin benefits from improved sentiment on crypto and increasing concerns that new COVID variants could delay the global economic recovery.
Matt Blom, global head of sales trading at the digital-asset firm Eqonex, said in a newsletter seen by Coindesk:
“If the bulls are looking for a pain point, then the next stop is $60,000, and if they don’t find a pocket of shorts to force out, then confidence will only grow.”
Denis Vinokourov, head of research at Synergia Capital, said that the main factor driving Bitcoin at the moment was the US Securities and Exchange Commission (SEC) Chair Gary Gensler’s statement to Congress on Tuesday that the financial watchdog had no plans to ban cryptocurrencies.
Needless to say, mining profitability benefits from an increase in the Bitcoin price, so CBTC is a winner.
We also like the company’s share structure, with over 2 million outstanding shares against 2.9 million authorized shares. CBTC is a solid crypto play to own
AI
