BuzzFeed Triples in Value afte AI-Assisted Technology Implementation

Welcome back and thanks for joining us this week.

I’ve got a good one for you today, so stay tuned to our weekly Penny Land Activities.

Today we discuss some of the wildest price actions and penny stocks in the Nasdaq and Amex Markets. I bet the biggest penny stock news of the week for most people is BZFD

Did anything really exciting happen this week enough to claim the top spot? Not really.

Then you are probably wondering what all the Buzz is about? Well, tailored social media marketing campaigns that instantly reach a range of target audiences are clearly advantageous to any business. We may be on the verge of an AI tech rally.

In fact,Shares of BuzzFeed had tripled on Thursday after the Wall Street Journal released an article on them. The report shared their plans to implement AI-assisted technology in their ongoing work. History tells us the viral marketing technique of borrowing the promise of future technology works just as well as it did in the past. Rewind back to before the tech bubble popped and it was all about Tesla and the Metaverse. That same technology was available last year, and popular in all creative professions. Jumping on the latest trend is nothing new but what made this hype become a novel idea all of a sudden?

The day before the article, Instagram and its parent company META, spent millions to hire BuzzFeed to create new content to lure in more creators. A new partnership was born. What better way to increase a few “dying” companies' fundamentals than to mainstream another future tech project, that’s not the Metaverse. This decision to "personalized" content for Social Media giants using ChatGPT Creator “Open AI” came just in time. It is not a coincidence that the report comes just before the release of the earning report Sunday. Also, it comes at no surprise when BZFD tripled from two exclusive contracts expanding its brand name recognition improving its qualitative fundamentals. The biggest uproar comes from the indirect affirmation of A.I related content. Social media giants have segwayed its utility into the culture. All the doubters are forced to adapt now.

A wind is blowing in another direction already because sympathy plays and articles related to A.I tech have already started to circulate.The articles on sympathy plays and constructive feed from tickers like MARK and CNET will only pave the way for a new secular trend. Everyone should remember back in March 2022 when the Energy sector was hot for a few months. There is a recap of the runners like INDO and HUSA. We may be entering into a similar phase to smart devices being used everywhere. It's just a matter of time before your favorite creative works may be made by artificial intelligence.

The amount of volume it attracted is massive, which caused this ticker to become a hype play that does not follow normal statistics. The headline was big enough to cause the stock to parabolic over 200% on Thursday. Ultimately these are penny stocks but are now attached to blue chips “real companies'' in the S and P 500. The hype will fade but a lot of the volume will stick. It could be days if not weeks of grinding up from the lower price range before it comes to a halt.

It has a higher sized Small cap and with a Low float of 60M but don’t let that fool you. This stock trades like its stock price is 100+dollars. BZFD is not Shortable. Investors who trade into BZFD stock need to be ready for a steady uptrend with mix signals and heavy volume. Lead with risk management. How else do you expect to out last the movers in transitioning multi day parabolic activity only seen in Mid Caps.

Trust me, you're not gonna want to miss its developments or its analysis throughout the week in our live premarket-prep morning show. .. This could be a big deal since anyone can use these key factors in your next trade.

Other honorable mentions come from an active week in the consumer defensive and healthcare sectors. Which has created several opportunities this week from gap ups, bounce shorts to multi day scalping opportunities. You may be looking at your future resistance play for the coming months.

There are many tickers in Penny Land this time around that just didn’t cut it.

However, if any of these stocks are something you may be interested in trading. You may do well to join our discord chat to check out our daily watchlist. Till next week. Happy Trading!

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