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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!.

By Stock Chat

where the coffee is hot and so is the chat

28 thoughts on “4 penny stocks to buy now early 2024”
  1. Avataaar/Circle Created with python_avatars @ardizd says:

    Bro, I guess you have some influence; $SURG is up 10%! lol

  2. Avataaar/Circle Created with python_avatars @braindead6450 says:

    Mpw…

  3. Avataaar/Circle Created with python_avatars @mitoz688 says:

    Mara lovely mara is transitory 😁🐐💨💨💨💨💨👀✨✨✨

  4. Avataaar/Circle Created with python_avatars @rdbreno559 says:

    Thanks Charlie…👍
    1. SOFI
    2. MARA
    3. SURG
    4.PLTR

  5. Avataaar/Circle Created with python_avatars @silverjava1one971 says:

    Surg, Mara, PLTR, sofi.

  6. Avataaar/Circle Created with python_avatars @fahadm3002 says:

    Sofi has a 7billion market cap. How is it a penny stock by any definition? Smh. Also some discussion on Financials and balance sheets will be good. Not just trends

  7. Avataaar/Circle Created with python_avatars @David-qc3sl says:

    This guy called out chargepoint when it was at 35 dollars, he has been consistently wrong. Don’t trust his stock advice

  8. Avataaar/Circle Created with python_avatars @ryanosmond9178 says:

    Given the uncertain economic conditions and heightened global tensions, I'm considering investing over $400k in stocks. However, I'm uncertain about how to minimize potential risks.

  9. Avataaar/Circle Created with python_avatars @charleymogus5080 says:

    Sir Soli's trading strategy is the best 💯. Making 7lakh biweekly is incredible! | Enjoyed a fun-filled retirement with amazing vacations!

  10. Avataaar/Circle Created with python_avatars @donkndave7811 says:

    Chasing penny stocks is a fool's errand. Don't do it.

  11. Avataaar/Circle Created with python_avatars @christopherdoolittle2629 says:

    LPTV Loop Media. Made deal with Microsoft last summer. Reporting earnings on 2/6.

  12. Avataaar/Circle Created with python_avatars @SylviaJames-oc1ll says:

    GREAT info…Thank you. You hit three of the penny stocks I am dealing with.

  13. Avataaar/Circle Created with python_avatars @pharmhound68 says:

    I don't consider a 15 dollar stock a penny stock.

  14. Avataaar/Circle Created with python_avatars @Tabbyh7 says:

    Blackrock also bought more shares in Mara and Riot.

  15. Avataaar/Circle Created with python_avatars @luvlife212 says:

    What about SDIG

  16. Avataaar/Circle Created with python_avatars @cptcaveman1835 says:

    Please check Amd

  17. Avataaar/Circle Created with python_avatars @jwass321 says:

    These suggestions are not penny stocks

  18. Avataaar/Circle Created with python_avatars @LivaHolst says:

    Do you think it's a good time to consider selling some stocks, or is it better to hold onto them for the long term? I’m considering rebalancing my $2M portfolios, So I'm curious about the best strategies for potential market downturns

  19. Avataaar/Circle Created with python_avatars @nealbrown5524 says:

    DEx swaps are glitched, when you are exchanging you get sent like x 10

    I just added video to show that

  20. Avataaar/Circle Created with python_avatars @ChrisRy says:

    Promoting penny stocks should show you guys he cares about lining his pockets through these sponsors than your financial well being. He don’t not care about you losing money.

  21. Avataaar/Circle Created with python_avatars @ClaraAnderson-br4mx says:

    Money is not meant to control people, rather it is meant to be put to work producing more money for you. You cannot build wealth without putting money in its rightful place.

  22. Avataaar/Circle Created with python_avatars @fattymcfattzz says:

    Guess my definition of penny stocks is different than Charlie’s

  23. Avataaar/Circle Created with python_avatars @akiraakira5057 says:

    Penny stocks?? LMAO. Bruh. Are you a rookie or something

  24. Avataaar/Circle Created with python_avatars @yafiasounds2316 says:

    SOFI FOR TOMORROW LOADED UP 350 shares at 8.00 📈

  25. Avataaar/Circle Created with python_avatars @TomasSab3D says:

    NAS – norvegian air shuttle… restructuring was a success. Profit – recovered. Buying out competition. PE at 9… Solid looking. Check it?

  26. Avataaar/Circle Created with python_avatars @SuperChaosTTV says:

    $ANY

  27. Avataaar/Circle Created with python_avatars @user-ew6rs1tm7z says:

    I guess 10-100 dollars stock is a dollar stock

  28. Avataaar/Circle Created with python_avatars @ZipTrader says:

    Folks – what are your favorite penny stocks right now? Let us know below!

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