4 Penny Stocks To Buy Now (Early 2024)

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Hello folks in today’s video I’m going to be taking you through the top four penny stocks for growth heading into February 2024 and Beyond now each of these stocks has either a clear Catalyst clear momentum a clear reason to be undervalued and or a setup that suggests

Rapid movements coming very very soon in this video I’ll present you with each ticker what’s going on why you need to know about it and then you should go off and do your own due diligence remember if you’re the one taking the risk you got to be the one doing the ultimate

Frisk lots of people they get real risky but they don’t do their frisky and the only thing I ask in return for this video is that you hit that ravishing like button and also don’t forget to subscribe and hit that notification Bell we appreciate each and every single one

Of you if you have a stock that you’d like us to cover or you have a new play idea let us know in the comment section down below and we’ll consider it okay number one Sofi the FI of the so Sofi is a leading online personal finance company with an earnings report coming

Tomorrow Sofi offers a range of services including student loan refinancing personal loans and investing options now what whether you are looking at new member additions year-over-year or product growth year-over-year well sofi’s progress is very very consistent and Sofi right now is trading at $762 and had almost been completely

Decimated by the growth crash of late 21 and 22 and funny enough SOI the five of the so is actually down 6969 exactly from alltime highs which do without what you will but since last year she’s been on an overall recovery attempt that has come in several ways

With the stock bouncing up and then reverting back to the directional SMA line and back and forth now the company is very very relevant right now because not only is it trading pretty damn low but also earnings are tomorrow and if you have followed sofi’s earnings the

Last four quarters you know that the story is that Wall Street keeps expecting Sofi to do horribly and then they beat over and over and over again sofi’s earnings tend to Sly far over wall Street’s heads now before that Q3 report that we got back in September

Analysts were saying that Sofi was about to be buried 6 ft under but instead what happened well selfi beat Expectations by 65.3 n% and once again get heading into earnings tomorrow what did analysts do well they downgraded Sofi they let their expectations and standards Hit the Floor

Now look folks I don’t know what Sofi is going to report tomorrow on earnings or how it’s going to react but I can see the long-term Trend here last quarter so far reported some 45% growth in members and that will provide a lot of long-term monetization opportunity and it’s hard

To ignore that the more people that a company has in its ecosystem the more opportunities it has to make Moola selling them more and more products and services sofa is simply a stock that has such low expectations that it tends to be very very very easy

For it to beat SOI as a stock that analysts and big money count out time and time again and that creates a nice Arbitrage opportunity I mean of the 15 analysts that Seeking Alpha registers as covering selfi well 13 or 86% of them revised Sofi downward which means if

Sofi beats again it could cause a massive shock wave to spike the price similar to how it has done in the past the last thing I want you to think about is who is backing Sofi back in October Sofi and black rock partnered on a $375 million loan securitization black rock

Is also the number two institutional holder for the F of the SE and has been on a binge buying more and more shares black rock is the type of firm that wants to take over the world and they do that by buying good nextg companies with growing markets they also like to buy

Single family homes in middle class neighborhoods but that’s a whole another story but my guess here is that Sofi whether it gets beat down tomorrow or goes up well it doesn’t really matter because Black Rock will still be happily buying because they see the long-term potential here and I think that if

You’re looking at this stock I think there’s a lot of opportunity for us too so from a chart perspective we have three major gaps to fill in the Gap to resistance at $1050 the Gap to January 2023 resistance at $11.70 and then after surpassing those resistance levels you

Can start the potentially long Pathway to get back to the 2021 levels where we hit into the $20 region I think SOI at these prices and certainly any price below this is in a very very unique situation because the company is very very solid the growth trajectory is very

Very solid it’s a very well-known name that continues to get more more attention and we happen to be in a market that is recapitalizing a lot of Mega cap stocks and what tends to happen after that well after those have become recapitalized well you tend to start

Seeing those funds flow into the smaller cap segments okay number two Mara lovely Mara now of course we have been very very big fans of Crypt minor Mara for years and as of late we correctly called out Mara before her last big upswing we called her out as an idea December 5th

And she nearly doubled to highs over the coming weeks that was a very very solid trading opportunity but Mar has had much much bigger moves in the past and will have much much bigger moves in the future and since she ran into the crypto ETF approval she’s been in a big dip

Takeprofit cycle and quite frankly a lot of this has to do with the short sellers trying to push her down some 20% of her lovely float is sold short and the short volume is 55.58 per. now of course Mar is a crypto Miner and bears were of the

Opinion that Bitcoin was going to go down toward zero so what did they do well they shorted Mara down into the ground Unfortunately they did that at much much lower prices and when Mars started going up they were like shake this a ain’t too good and that squeezed

Caused Mar to be one of the biggest runners in the crypto mining Market even though it already has such a massive market cap but the minute that you had Mara start selling off as people took profits you had short dump insane amounts of shares onto Mara hoping she

Would fall down to a point of no return and this is a common tactic that you see problem well short sellers are getting kind of screwed because guess what MAA has already found a support and is bouncing shorts were wrong again on Mara yes Mara will go up and down in

Aggressive waves like she always has but I firmly believe you’ll see this Gap filled between $17.61 and $31.97 before having in April more so than that I believe she’s going to absolutely destroy those cycle highs break well into that $30 region she in my view is in an accumulation Zone and

Attempting to fortify this bottom once she gets above that long-term resistance at $20 that $20 crucial level well her risk versus reward will start flipping out of favor and that’s why she’s so important to know right now if you’re somebody that likes Mara you like the

Momentum on MAR you like the setup on Mara and you think that Bitcoin is going to repeat its historical trend of running into having and then beyond well in my view it’s probably not the best idea to wait until she breaks out past 20 it’s probably a better idea to focus

On her while she’s under 20 in an accumulation Zone and having bottomed be aware though that Mara she can be quite a dirty little teas with massive massive dump cycles and massive massive rebound cycles and periods of time where it just looks like Mar’s never going to come

Back but history and the overall momentum Trend that we’re on right now suggest that right now is a pretty opportune place for Mora not as good as it was back on December 5th when we talked about it but certainly still an opportunity for Traders number three SG

Surge pays so Serge pays is in an interesting Niche and I doubt you’ve heard of this before while I Was preparing for this video I looked through a couple hundred stocks that have consistent momentum and this is one of the only ones I found that have both consistent momentum over the last four

Months are super super low cap and and also have an underlying business that is performing this company is a tech and Telecommunications firm that focuses on specific underbanked and underserved communities they offer things like Wireless Services payment processing and e-commerce Solutions now if you go to a

Lower end store you might see one of their tablets offering free government subsidized wireless service this is one of their main components of their business offering subsidized stuff to lower income communities and perhaps low income subscribers doesn’t sound like a juicy Market but this Niche can be especially lucrative because many many

Companies haven’t targeted them and of course they also have those federal subsidy programs which help quite a lot and you look at the market size well their Market size is estimated at over 250,000 low-income subscribers who certainly need a lot of the services that they offer and this helps the

Subscribers and it also helps surge pays because they benefit from serving a market that very very few companies want to serve and at the same time the government helps and likewise if you look at the fundamentals of Serge pays what they brought in from 2021 versus

2023 well in 2021 they reported a net loss of 13.5 million but at the last report that they did in 2023 for about half the year well they reported 6 million in in net income with grow profit margin increasing 27.9% though Serge’s stock has grown from

$426 hit in late October and gone on an overall Journey above our red Direction L the M line and is now trading at $6.38 the momentum has been some of the most consistent in the small cap sector now it seems to me that the stock and the company itself have a lot more

Growth opportunity heading into 2024 and it has to do with this Catalyst tier from investor place quote the company’s management team anticipate significant scaling ahead with surge pays aiming to expand tablet distribution from from 13,000 to 25,000 stores over the next year it grew its Revenue by 64%

Year-over-year in q1 and expects to ramp up its Revenue growth even more moving forward accordingly analysts have pegged the company’s Ford Revenue growth at 62% for all of 2023 not too shabby surge lies in a very very interesting Niche that it can really really expand into and if it continues with the performance

It’s seen the last year or two in growing this business well that could be a really really big deal for a stock as it starts rolling out all these extra tablets on top of that if you other stats to know average analyst price Target on surge is

$13.25 Seeking Alpha also gives surge an A in terms of momentum raking with sa analysts Wall Street and Quant funds all ranking it as a strong buy so with that being said I’d say surge is an interesting play at the moment and one to consider looking at very aggressively

Number four paler pltr the tier of the palent at its core paler is a leader in Big Data integration and analytics a field that’s becoming increasingly crucial across sectors it’s PL forms like paler Gotham and paler Foundry while they are at the Forefront of handling complex data environments

Offering a Competitive Edge that’s hard to replicate and increasingly needed in a corporate world where everyone and their mother is rushing to adopt AI just to stay competitive paler is one of the least appreciated major AI players in the world I know she’s popular on the retail trading space on YouTube but

That’s about it everywhere else people shy it on volunteer over and over and over again and this quite frankly has always been a big mistake and soon more people will realize it because its momentum has been some of the strongest it’s ever been now for context for

Better or worse I’ve argued that paler was a buy at virtually every price during its bare cycles that took it into the5 six and $7 range I said it was a great buy during its bull cycles that took it really really high I also said it’s a great buy during its flat Cycles

I said it’s a good buy I’ve made a ton of arguments for it to go up to $500 over the long run 2 10x so on and so forth I’ve shown my numbers my math the spreadsheets and overall projection for years but the reason that I’ve argued

For paler at virtually every price is because it’s one of the only small caps in the market that I believe has a clear path to magnificent 7 status to Mega cap Apple Microsoft nvda Tesla status I believe that paler stock even though now

It’s at 16 even when it was at 20 25 30 well I believe at all prices paler stock has been underappreciated because people just don’t see the exponential growth curve that it’s on now of course this might age to be wrong but I don’t think

So I think if you look at the data and you look at the numbers and you look at the charts you’ll come to the same conclusion yourself so any who now that momentum is once again back on paler stock it’s hard for me not to continue

To argue for paler to realize even more upside this year the next earnings date for paler is on February 5th and like many other small caps in this market markets are completely sleeping on it last time paler reported earnings they beat earnings per share Expectations by

25% and the stock proceeded to run from 15 to nearly 22 bucks a share in the span of a couple weeks since then we’ve erased more than half that gain but paler has continued keeping its head down and working and so I think it’s a mistake to ignore paler at this

Discounted price folks watch the stock fill in the gap between $16.32 and $21.85 in the coming 6 to 8 weeks and then markets are going to be increasingly back in a fomo cycle for the tier of palet once that happens we’ll see if we can start getting into

Newer and newer cycle highs that we haven’t hit in a couple years we’re in a market condition that allow allows this to happen now if a company is showing adequate results paler I believe will but anyways that concludes our top four penny stocks and just a quick rundown on

What’s coming up this week we’ve got a ton of big Tech earnings reports coming out and considering that they are the ones driving the rally in the overall Market this is going to be a crucial week for Market Direction main earnings on watch this week besides of course

Sofi which is a pick in this video but the main ones to watch that are important for Market direction are Microsoft and alphabet on Tuesday MasterCard on Wednesday to gauge consumer spending Apple Amazon and meta on Thursday many of these stocks are at their own all-time highs many have

Factored in the moon and Beyond and expectations are pretty high going into this with overall markets themselves entering this week at around all-time highs any misses could be potentially pretty damn devastating for the stock market and we could see a leg down but by the same token any beats could add a

Lot more froth to the market and right now we’re in a market that wants more and more and more froth and people are greedy right now they’re not fearful they’re greedy they’re buying they’re happy and they’re looking at statistics that show that this q1 pump might

Continue for a while also be aware we got Jerome powpow at the fed and the overall Federal Reserve meeting happening on Wednesday where they’re going to talk about their thoughts on the economy they’re likely going to be asked questions about the stock market and asset prices and of course they’re

Also going to be talking about interest rates anyways folks that caps off the video make sure to hit that ravishing like button and subscribe let us know if you have a top play that you’d like us to talk about or or just let us know

What your top plays are for this week in the comment section down below and of course our 50% off New Year sale on zip Trader options expires this Wednesday at midnight so make sure to check it out before then coupon code hello 2024 anyways anyways folks we’ll see you in the next one