Over the past decade, as private equity firms like Blackstone, KKR and Carlyle Group have grown into a gargantuan size and raised buyout funds nearing or eclipsing $20 billion, one critique of their cash gusher was that it would inevitably drive fund returns lower. Now, as the U.S. economy emerges from the Coronavirus pandemic and markets soar to new record highs, recent earning results from America’s big buyout firms reveal a trend of rising returns even as funds surged in size.
Fueled by piping-hot financial markets, returns from the flagship private equity funds of Blackstone, KKR and Carlyle are on the rise. Mega funds from these firms that recently ended their investment period are all running ahead of their prior vintages and raise the prospect that PE firms can achieve net investment return rates nearing or exceeding 20%.
Carlyle, which reported first quarter earnings on Thursday morning, is the newest firm to exhibit rising performance. Its $13 billion North American buyout fund, Carlyle Partners VI, which was launched in 2014 and ended its investment period in 2018, is now being marked at a 21% gross investment rate of return and a net return of 16%, or a 2.2-times multiple on invested capital.
The fund has realized $8.8 billion of investments, like insurance brokerage PIB Group and consultancy PA Consulting, and sits on a portfolio marked at nearly $20 billion. The returns are two-to-three percentage points ahead of Carlyle Partners V, the flagship buyout fund it raised just before the financial crisis. That fund is on track to earn a net IRR of of 14%, or a multiple of 2.1-times its invested capital.
Rising fund profitability, even at scale, is helping to fuel Carlyle’s overall profitability. Net accrued performance fees from Carlyle VI ended the quarter at nearly $1.4 billion and Carlyle sits on a record $3.2 billion in such performance fees that will likely be fully realized in 2021. The firm’s once-lagging stock has recently risen to new record highs.
Blackstone’s flagship $18 billion private equity fund, Blackstone Capital Partners VII, was closed in May 2016 and ended its investment period in February 2020, just before the Covid-19 economic meltdown. After taking public or exiting investments like Bumble, Paysafe and Refinitiv, this fund is now marked at a 18% net investment rate of return, five percentage points better than its prior fund, which raised in the aftermath of the 2008 crisis.
In the past two quarters, the fund has been the single biggest driver of Blackstone’s record profitability, generating over $1.6 billion in combined accrued performance fees. In the first quarter, the fund was responsible for 82-cents in quarterly per-share profits, filings show. Overall, Blackstone sits on a record $5.2 billion in net accrued performance fees.
At KKR, it’s a similar story. The firm’s $8.8 billion Americas XI fund, which was raised in 2012 and ended its investment period in 2017, is generating net IRRs of 18.5%, or a 2.2-times multiple on invested capital, according to the its annual 10-k filing from February. That sets up the fund to be KKR’s most profitable buyout fund since the 1990s.
KKR’s first quarter results, set to be released in early May, may show even bigger windfalls and higher returns. Its recent public offering of Applovin looks to be one of the greatest windfalls in the firm’s history, bolstering returns and profits for its even newer $13.5 billion Americas Fund XII. Asia could also be an area of big returns as its $9 billion Asian Fund III monetizes investments.
As returns rise, PE firms have seen their stocks soar to new record highs.
Once a laggard, Carlyle is up 36% year-to-date to a new record high above $42, according to Morningstar data. The firm, now led by chief executive Kewsong Lee, has returned an annual average of 23% over the past five-years.
KKR has done even better, rising 40% this year alone and 125% over the past 12-months. It’s five and ten-year total stock returns are now 33% and 13.5%, respectively.
The top performer in the industry is Blackstone Group, which recently eclipsed a $100 billion market value. Up 39% this year alone, Blackstone’s generated an average annualized total return of nearly 19% over the past decade, which is about five-percentage-points better annually than the S&P 500 Index.
Bottom Line: With public markets hitting new record highs, buyout firms are reporting LBO returns not seen since the 1990s. Their stocks, which once badly lagged the S&P 500, are beginning to beat the market.
I’m a staff writer and associate editor at Forbes, where I cover finance and investing. My beat includes hedge funds, private equity, fintech, mutual funds, mergers, and banks. I’m a graduate of Middlebury College and the Columbia University Graduate School of Journalism, and I’ve worked at TheStreet and Businessweek. Before becoming a financial scribe, I was a member of the fateful 2008 analyst class at Lehman Brothers. Email thoughts and tips to agara@forbes.com. Follow me on Twitter at @antoinegara
After closing at record highs last week, stocks are falling for the second day in a row as corporate earnings—which lifted the market to new highs during the pandemic—start to show signs of weakness, all while speculative pockets of investor mania continue to rage on.
Shortly after the open, the Dow Jones Industrial Average fell 147 points, or 0.4%, while the S&P 500 also slipped 0.4%, and the tech-heavy Nasdaq, which underperformed Monday, shed 0.3%.
Far outperforming any other stock in the S&P, shares of railroad company Kansas City Southern are soaring 15% after Canada National proposed to acquire the company in a $33.7 billion deal—topping Canadian Pacific’s $25 billion bid from last month and setting the stage for a potential bidding war.
Heading up the S&P’s losses, Marlboro parent Altria Group’s stock is slumping 6% after reports that Joe Biden’s administration (which has not commented on the matter) is considering a reduction in the amount of nicotine allowed in tobacco products.
On the earnings front, shares of IBM are climbing 2.5% after the software giant surpassed first-quarter expectations with revenue of $5.4 billion—bolstered by ongoing growth in its enterprise cloud business—and adjusted earnings of $2.2 billion.
Meanwhile, medical device company Abbott, which makes Covid-19 test kits, reported worse-than-expected revenue of $10.5 billion Tuesday morning as Covid-related sales fell nearly 10% quarter to quarter, sending shares down about 3%.
Reflecting ongoing uncertainty over the economic recovery, epicenter stocks—or those belonging to companies hard-hit by the pandemic—are also driving losses Tuesday, with chemicals firms Dupont De Nemours, cruise-liner Carnival Corp. and Delta Air Lines all falling about 2%.
Crucial Quote
“The reopening news is directionally positive, but the big problem is that many epicenter stocks have already seen their enterprise values return to pre-Covid levels, while some are well beyond where they stood in 2019,” Vital Knowledge Media Founder Adam Crisafulli said in a Tuesday morning note.
Tangent
In a break from tradition, the Bank of Japan revealed Tuesday that it opted out of buying exchange-traded funds despite weakness in Japanese stocks. Crisafulli says the move is “perhaps the most important piece of news today” because it signals the central bank is dialing back its economic support—at a time when central banks around the world, including the Federal Reserve, have revved up their accommodative policy to help the economy and usher in new stock-market highs. Japan’s Nikkei 225, the nation’s benchmark index, fell 2% Tuesday and is now down 4.5% from a February high.
Key Background
Boosted by massive fiscal stimulus, an accelerating vaccine rollout and falling unemployment, stocks have had a strong start to the year, with the S&P pulling off 23 new all-time highs in 2021, according to LPL Financial Chief Market Strategist Ryan Detrick. “Many of our favorite sentiment gauges are becoming extremely bullish, which could be a near-term contrarian warning,” Detrick says of indicators like sentiment, at a three-year high, and low cash allocations from portfolio managers increasingly piling into stocks.
Surprising Fact
The price of dogecoin is soaring Tuesday, climbing back near record territory from last week, as retail traders around the world stage a rally around cannabis holiday 4/20. The cryptocurrency, modeled after a meme and originally developed as a joke, has climbed eight-fold over the past month, nabbing a staggering $49 billion market capitalization.
I’m a reporter at Forbes focusing on markets and finance. I graduated from the University of North Carolina at Chapel Hill, where I double-majored in business journalism and economics while working for UNC’s Kenan-Flagler Business School as a marketing and communications assistant. Before Forbes, I spent a summer reporting on the L.A. private sector for Los Angeles Business Journal and wrote about publicly traded North Carolina companies for NC Business News Wire. Reach out at jponciano@forbes.com.
Here we highlight three stocks that offer a steady dividend and some peace of mind as the economic recovery unfolds. They aren’t likely to make you rich anytime soon, but they will make for some more restful nights ahead
Is Coca-Cola Still a Buy-and-Hold Stock?
If Coca-Cola (NYSE:KO) is a refreshing investment for value legend Warren Buffet, it should be good enough for the rest of us. Regardless of the economic backdrop, there will always be consumer demand for sodas, juices, teas, and other beverages.
With this said, restrictions on large gatherings during the pandemic have impacted Coke’s recent financial performances and brought more volatility than usual to the stock. However, with the worst likely over, the company appears to be on the path back to more normalized sales patterns. As family picnics and outdoor concerts gradually return along with restaurant traffic, Coke should start to see higher volumes based on group size rather than stockpiling.
Despite recording 11% lower revenue in 2020, Coke kept its dividend hike streak going serving up a $1.64 payout to loyal shareholders. The 2.4% dividend increase made it 59 straight years of higher dividends.
In the near-term Coke is a conservative way to play the economic reopening theme. Its beverage portfolio is more in tune with health and wellness trends with brands like Vitaminwater, PowerAde, and Minute Maid. As activities like youth sports and amusement park attendance normalize, Coke’s performance should improve.
Longer-term Coke’s rising dividend and defensive nature make it the classic buy and hold stock. So, investors can simply opt to have what Warren’s drinking.
What is a Good Non-Cyclical Dividend Stock?
Speaking of defensive stocks, Unilever (NYSE:UL) is about as non-cyclical as its gets. The U.K.-based consumer products giant is the company behind many of our favorite personal care and food items. Dove soap, Axe body spray, Q-tips, and Vaseline are all Unilever brands. So too are popular indulgences like Ben & Jerry’s ice cream, Lipton iced teas (and soups), Hellmann’s mayonnaise, and even the beloved Popsicle brand.
Unilever is definitely, a mature, low growth business, but sometimes slow and steady wins the race. After rising 9% and 6% in 2019 and 2020, respectively, the low volatility stock is down approximately 8% this year offering investors a good chance to stock up.
Although the elevated demand for Unilever’s food products has waned in recent quarters, it’s pretty much a sure bet that people will still be scooping up their go-to items as shopping patterns normalize. And as usual, this should lead to some solid profits for Unilever and sizeable dividends for shareholders.
Unilever has one of the strongest balance sheets in its peer group that supports an ability to pursue growth opportunities such as product expansion and establishing a greater presence in developing markets. The ADR currently has a 3.4% trailing dividend yield which about twice the average dividend yield of the consumer staples sector. This is an easy stock to throw in the cart as a core long-term holding.
Is it a Good Time to Buy 3M Stock?
3M (NYSE:MMM) has been one of the least volatile U.S. large cap stocks over the last ten years. Although it’s not a consumer defensive company, it’s highly diversified end markets generate some reliable financial results. With broad exposure to the automotive, aerospace, transportation, electronics, and health care industries as well as the consumer space, a downturn in one segment can be easily offset by strength in another.
The company has had some choppy performances in recent quarters. Some of it has related to the pandemic and some has not. Demand for home improvement, cleaning, food safety, and personal safety products has been strong. On the other hand, COVID-19 restrictions have forced the automotive, industrial, office supplies, and oral care businesses to re-evaluate how to adjust to the post pandemic economy.
Fresh off a corporate restructuring, though, 3M looks to be in a good position to capitalize on improving conditions in its key markets and achieve its earnings growth goal. Management is aiming to reduce annual operating expenses by at least $250 million. Based on the initial progress, this looks feasible and should drive higher margins and steady single digit growth over the long-term.
3M consistently rakes in some $30 billion in revenue each year and even in slow or no growth years it rewards shareholders with a higher dividend. In fact, 3M has gone toe to toe with Coca-Cola in raising its annual dividend in each of the last 59 years. The Dow Jones index mainstay has a 3.1% dividend yield and at 23x earnings is trading at the lower end of its historical valuation range. It deserves to be a mainstay in any long-term investment portfolio.
In this video, I’m going over 5 top dividend stocks to buy now that pay up to 8.5% dividend yield! I am a big fan of dividend investing for passive income – some of these stocks are a litter riskier, and some are definitely on the safer side.
NEW YORK, NEW YORK – JULY 23: People walk along Broadway as they pass the Wall Street Charging Bull statue on July 23, 2020 in New York City. On Wednesday July 22, the market had its best day in 6 weeks. (Photo by Michael M. Santiago/Getty Images)
Credit Suisse analyst Jonathan Golub introduced his 2021 price target for the S&P 500 (^GSPC) of 4,050, implying 12.2% upside from Tuesday’s closing levels. Underpinning this upbeat call is his assumption that two years from now, the post-virus economic recovery will have already hit a peak.
“Our 2021 forecasts are designed to answer a simple question: what will the future (2022) look like in the future (end of 2021),” Golub said in a new note Wednesday. “From this perspective, we are forced to de-emphasize the near-term, focusing instead on the return to a more normal world.”
“As we look toward 2022, the virus will be a fading memory, the economy robust, but decelerating, the yield curve steeper and volatility lower, and the rotation into cyclicals largely behind us,” he added.
Based on Golub’s analysis, economic activity as measured by GDP growth will renormalize at levels slightly above trend, or with quarterly annualized growth rates just over 3%, starting in the second half of 2021.
Since the stock market discounts future events, each of these prospects for further improvement down the line should translate into a higher S&P 500 as investors price in these events.
Analysts have already begun to account for an anticipated improvement in corporate profits, as S&P 500 earnings per share (EPS) have on aggregate sharply topped consensus expectations so far for each of second and third quarter results this year.
“We expect 2020 estimates to rise, 2021 to remain stable and 2022 to moderate,” Golub said.
His 2021 S&P 500 price target of 4,050 is based on earnings per share of $168 next year, for an improvement of 20% over the expected aggregate EPS this year. He expects EPS will then rise to $190 in 2022.
Sector leadership
On a sector basis, Golub rates technology stocks as Overweight for 2021, given their “faster sales growth, superior margins, robust FCF [free cash flow], and low leverage. He also rated financials, one of the laggard sectors so far for the year-to-date, as Overweight, given their propensity to lead during recoveries.
“Consistent with a typical recovery, banks should benefit from improving credit conditions, increasing transaction volumes, and a steepening yield curve,” Golub said. “The group is adequately reserved, likely. resulting in a greater return of capital.”
Golub designated cyclicals with a Neutral rating for next year, saying he is “positively inclined toward economically-sensitive groups and believe[s] their momentum should persist over the near-term.” But he added that he thinks the largest quarter-over-quarter improvements in economic activity have already come and gone, leaving more tepid further upside potential for stocks with profits closely tethered to economic growth.
He rated non-cylicals like consumer staples as underweight, while giving health care specifically an Overweight rating.
“Non-cylicals should lag in an improving economy as falling volatility supports higher P/Es (price-earnings multiples) for riskier assets, and rising rates make their high dividend yields less appealing,” he said. “The one exception is health care, which should outperform given a more robust earnings trend.”
Markets are set to sink yet again today for the fifth time in six days. If the pace holds up today, this will also be the second consecutive monthly loss for the markets. While volatility is normal pre-election, investors are continuing to grapple with COVID surging to record numbers and resulting in new shutdowns and lockdown measures. Additionally, with zero sign of another stimulus package, fear is certainly rampant about a double dip recession. The Dow dropped 100 points or .38%, while the S&P dropped .41% and the Nasdaq NDAQ-0.8% declined .75%.
Although yesterday’s news revealed strong economic data regarding US GDP growth and jobless claims, investors largely ignored that today. Apple AAPL-5.6% sharply declined after reporting a 16% decline in iPhone sales and failing to provide guidance for the upcoming quarter. Despite a big beat on revenue, Amazon AMZN-5.4% also declined. Twitter led the declines falling over 15% after reporting user growth that fell short of expectations. For investors looking to make sense of the markets, the deep learning algorithms at Q.ai have crunched the data to give you a set of Top Buys. Our Artificial Intelligence (“AI”) systems assessed each firm on parameters of Technicals, Growth, Low Volatility Momentum, and Quality Value to find the best long plays.
Sign up for the free Forbes AI Investor newsletter here to join an exclusive AI investing community and get premium investing ideas before markets open.
Broadridge Financial Solutions (BR)
Corporate services company Broadridge Financial Solutions BR-0.4% is our first Top Buy of the day. The company, which was founded in 2007, is a spin-off from Automatic Data Processing ADP-0.1%. Our AI systems rated Broadridge C in Technicals, B in Growth, B in Low Volatility Momentum, and B in Quality Value. The stock closed up 1.95% to $138.12 on volume of 560,940 vs its 10-day price average of $141.94 and its 22-day price average of $139.91, and is up 13.2% for the year.
Revenue grew by 1.52% in the last fiscal year and grew by 6.19% over the last three fiscal years, Operating Income grew by 0.88% in the last fiscal year and grew by 5.42% over the last three fiscal years, and EPS grew by 2.0% in the last fiscal year and grew by 13.17% over the last three fiscal years. Revenue was $4529.0M in the last fiscal year compared to $4329.9M three years ago, Operating Income was $624.9M in the last fiscal year compared to $598.0M three years ago, EPS was $3.95 in the last fiscal year compared to $3.56 three years ago, and ROE was 37.39% in the last year compared to 40.79% three years ago. Recommended For You
Amdocs DOX+1.7% is our next Top Buy of the day. A leading software and services provider for communications and media companies, Amdocs is also the largest vendor by revenue in the monetization platforms segment by a wide margin. Our AI systems rated Amdocs C in Technicals, B in Growth, A in Low Volatility Momentum, and B in Quality Value.
The stock closed up 0.84% to $55.42 on volume of 732,226 vs its 10-day price average of $56.85 and its 22-day price average of $57.62, and is down 22.2% for the year. Revenue grew by 1.46% in the last fiscal year and grew by 7.22% over the last three fiscal years, Operating Income grew by 3.9% in the last fiscal year and grew by 14.43% over the last three fiscal years, and EPS grew by 3.5% in the last fiscal year and grew by 21.33% over the last three fiscal years.
Revenue was $4086.67M in the last fiscal year compared to $3867.16M three years ago, Operating Income was $569.75M in the last fiscal year compared to $517.33M three years ago, EPS was $3.47 in the last fiscal year compared to $2.96 three years ago, and ROE was 13.63% in the last year compared to 12.43% three years ago. Forward 12M Revenue is expected to grow by 1.82% over the next 12 months, and the stock is trading with a Forward 12M P/E of 11.82.MORE FROM FORBESAmdocs (DOX)
Price of Amdocs compared to its Simple Moving Average YCharts
Fastenal Co (FAST)
Industrial supplies company Fastenal FAST+0.3% is our third Top Buy of the day. Fastenal is the largest fastener distributor in North America. Our AI systems rated Fastenal C in Technicals, B in Growth, A in Low Volatility Momentum, and B in Quality Value. The stock closed up 0.42% to $43.12 on volume of 2,291,171 vs its 10-day price average of $44.02 and its 22-day price average of $44.72, and is up 18.72% for the year. Revenue grew by 4.36% in the last fiscal year and grew by 26.78% over the last three fiscal years, Operating Income grew by 5.57% in the last fiscal year and grew by 26.57% over the last three fiscal years, and EPS grew by 5.82% in the last fiscal year and grew by 46.01% over the last three fiscal years.
Revenue was $5333.7M in the last fiscal year compared to $4390.5M three years ago, Operating Income was $1056.0M in the last fiscal year compared to $880.8M three years ago, EPS was $1.38 in the last fiscal year compared to $1.0 three years ago, and ROE was 31.84% in the last year compared to 28.71% three years ago. Forward 12M Revenue is expected to grow by 0.89% over the next 12 months, and the stock is trading with a Forward 12M P/E of 28.7.MORE FROM FORBESFastenal (FAST)
Price of Fastenal Co compared to its Simple Moving Average YCharts
Lockheed Martin Corp (LMT)
Major aerospace and defense contractor Lockheed Martin LMT-0.7% is our fourth Top Buy of the day. As of 2014, Lockheed Martin is the world’s largest defense contractor based on revenue, with half of that revenue coming from the US Department of Defense. Our AI systems rated Lockheed Martin B in Technicals, B in Growth, A in Low Volatility Momentum, and A in Quality Value. The stock closed up 0.45% to $352.44 on volume of 1,545,758 vs its 10-day price average of $368.71 and its 22-day price average of $377.48, and is down 10.08% for the year.
Revenue grew by 7.41% in the last fiscal year and grew by 28.59% over the last three fiscal years, Operating Income grew by 11.3% in the last fiscal year and grew by 53.19% over the last three fiscal years, and EPS grew by 5.74% in the last fiscal year and grew by 243.8% over the last three fiscal years. Revenue was $59812.0M in the last fiscal year compared to $49960.0M three years ago, Operating Income was $7698.0M in the last fiscal year compared to $5593.0M three years ago, EPS was $21.95 in the last fiscal year compared to $6.75 three years ago, and ROE was 269.7% in the last year compared to 455.42% three years ago. Forward 12M Revenue is expected to grow by 3.07% over the next 12 months, and the stock is trading with a Forward 12M P/E of 13.68.MORE FROM FORBESLockheed Martin (LMT)
Price of Lockheed Martin Corp compared to its Simple Moving Average YCharts
Take-Two Interactive Software (TTWO)
Our final Top Buy of the day is Take-Two Interactive Software TTWO-4.8%. Take-Two is a leading video game publisher most known for owning video game companies Rockstar Games and 2k. Take-Two is best known for video game franchises such as Grand Theft Auto, NBA2k, and Red Dead. Our AI systems rated Take-Two D in Technicals, A in Growth, B in Low Volatility Momentum, and A in Quality Value. The stock closed down 0.99% to $162.77 on volume of 1,257,438 vs its 10-day price average of $165.0 and its 22-day price average of $164.76, and is up 33.33% for the year.
Revenue grew by 9.42% in the last fiscal year and grew by 88.51% over the last three fiscal years, Operating Income grew by 11.69% in the last fiscal year and grew by 213.83% over the last three fiscal years, and EPS grew by 10.07% in the last fiscal year and grew by 153.42% over the last three fiscal years. Revenue was $3088.97M in the last fiscal year compared to $1792.89M three years ago, Operating Income was $425.35M in the last fiscal year compared to $151.38M three years ago, EPS was $3.54 in the last fiscal year compared to $1.54 three years ago, and ROE was 17.66% in the last year compared to 13.92% three years ago. The stock is also trading with a Forward 12M P/E of 46.84.MORE FROM FORBESTake-Two Interactive Software (TTWO)
Price of Take-Two Interactive Software compared to its Simple Moving Average YCharts
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89.2K subscribers// This is the best penny stocks to buy now 2020 November edition.Join our private community over at Patreon https://www.patreon.com/stockmoe to talk stocks that could grow your portfolio to new levels. I will have exclusive materials as we move forward and my own stock purchases and a brand new high growth portfolio that I am sharing with everyone. If you want to have a one on one person to help you, then this is a must for any serious investor. We just got our private Discord up and running as well. SIGN UP FOR WEBULL: (It’s only a $100 deposit and you get 3 free stocks worth $8 a piece to $1600 from this referral link…I recently signed up…love it and I also get a free stock) https://www.webull.com/activity?invit… Sign up for Robinhood here for a free stock: https://join.robinhood.com/brittnm610 NEW STOCK MOE AMAZON STORE UP AND RUNNING: https://www.amazon.com/shop/stockmoe This is all about getting the best penny stocks to buy now 2020 for November. It is a good time to look at some big penny stocks that are moving and see if there is a way to make a quick profit off of them or if there is a long term play there. There are many penny stocks out there, but most end up at zero eventually . Finding the best penny stocks to buy now is not an easy task. The first of the best penny stocks to buy now is one that I feel has some upward pressure that gives us a chance to make a few dollars. I am not sure how it will go, but this best penny stock opportunity helps us moving forward. It is interesting to see all of this. In looking at the top penny stocks to buy now, there are a few opportunities out there to invest in. The penny stocks 2020 list I made in this video helps to identity these penny stocks. There are a few out there that can work our way, but we need to be careful. These are very volatile and should be handled with care. These are some good penny stocks to watch for 2020 and 2021. These are the best penny stocks to buy now 2020 and not the only ones though. There are a few other opportunities out there for us to consider. These top stocks can go bad very quickly if the market turns south. I still see these as an option for stocks to buy now in my mind. These are great penny stocks for beginners that will get them in with a chance at profit. These are high risk and should be traded knowing that. If you are looking for cheap penny stocks, these best penny stocks to buy now fit the bill. There are many penny stocks to look at and I am sure there are probably many more that could outperform these penny stocks, but it gives you an idea of how I look for a penny stock to invest in. These are the best stocks to buy now and possibly in the future if you are looking for extreme risk and possible massive profits. There is always a chance of losing everything when buying one of the best penny stocks to buy now. These penny stocks 2020 are what I think will have the most action. In summation, the best penny stocks to buy 2020 November edition is all about giving you the opportunity to make massive amounts of money or loss massive amounts of money investing in the top penny stocks to buy now. If you are looking for penny stocks to watch or are investing in penny stocks for the long term, then be aware of the dangers. These can be the best stocks to buy now or the top stocks to buy now if they end up turning their business around. What stocks to buy now is a good question to always ask yourself. These best penny stocks to buy now help to answer that. ARK had bought NNDM stock price and added it…are they still buying NNDM? NNDM should definitely be in the penny stocks to watch list, if you have one. 🙂 Stock Moe’s content is for entertainment only. In no event will Stock Moe be liable for any loss or damage including, without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of Stock Moe content on YouTube, Patreon, and Discord. Stock Moe is no longer a licensed broker/financial planner. All financial decisions made by the viewer should be done after talking with a licensed professional. Everything on the Stock Moe channel is for entertainment only. Stock Moe’s video content may change over time, or become outdated or invalid. Stock Moe reserves the right to change his opinions and entertainment content at any time. I also have affiliate links in this description that I can earn money off of to help support the channel. Thank you from Stock Moe. #stocks#pennystocks#pennystock
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