BREAKING: US Stock Markets Fall Over 250 Points But Several Penny Stocks Are Breaking Out. GeoGlobal Resources, HyperSolar, Inc., Santo Mining Corporation, Yahoo Inc.
Huntington Beach, CA (PRWEB) October 23, 2012
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Stocks were sharply in negative territory Tuesday, with the Dow down nearly 250 points, following a batch of disappointing quarterly results and amid worries over Spain's economy.
The Dow and S&P 500 are seeing their worst one-day drop since June.
“The revenue line is getting hurt the worst—it shows how nimble and savvy companies are, but that’s not going to continue forever,” Art Cashin, director of floor operations at UBS Financial Services, said of the latest quarterly results. “We’ve already broken through an important level at 1,418 to 1,421, the next level is 1,408 to 1,411 and then we challenge 1,400 itself.”
Penny Stocks are extremely risky but the profits can be massive when they break out. PSPicks feels all investors should at least watch them. Here are several stocks PSPicks is watching right now.
Santo Mining Corporation engages in the acquisition, exploration, and development of mineral properties in the Dominican Republic. The stock is up over 9% currently and has been trading very well recently.
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GeoGlobal Resources Inc., through its subsidiaries, engages in the exploration and development of oil and natural gas reserves in India, Israel, and Colombia. The stock is up over 30% this Tuesday.
HyperSolar, Inc., a development stage company, engages in the research and development of a solar-powered nanoparticle system that separates hydrogen from water. The stock was up 30% on Tuesday after announcing the filing of a patent.
PSPicks mentioned last weekend to watch Yahoo Inc. during earnings season for a surprise and sure enough the stock is up over 5% today after what investors touted as a positive earnings call.
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