The US economy is doing great despite concerns about the spread of the new Delta variant. On Wednesday, the Institute for Supply Management (ISM) said that its non-manufacturing activity index surged to 64.1 in July, the highest level on record and up from 60.1 in June. Analysts expected an increase to 60.5.

The services industry accounts for over 65% of the US economy, and the latest data proves that the economic recovery is robust, even though the labor market shows some signs of weakness.

Demand for services is returning as about half of the US population is fully vaccinated against COVID-19, which allows people to go to restaurants, travel, attend sporting events, and so on.

The ISM survey’s gauge of new orders received by services companies rose to 63.7 from 62.1 in June.

At this point, higher-than-expected inflation and slower growth in the labor market are the two major issues capping the rapid economic recovery.

Still, as more small businesses restart operations after the pandemic, it’s a great time to get exposure to OTC stocks.

OTC MARKETS THE PLACE TO BE

There are many good OTC stocks that can boost your portfolio’s value in the long term. For investors, we preach the key to trading hot OTC stocks is finding momentum BEFORE it happens and then be patient.

We alert our subscribers with our best ideas before our regular readers. This is the value of having a subscription to Insider Financial, which you can sign up for here.

If you watch the Insider Financial YouTube channel, you can get a sense of the ideal time to book profits. We warned our subscribers not to get greedy or get caught up in the diamond hands/paper hands BS.

We also recommend you own a portfolio of OTC stocks. For some, that can be as many as 10 to 20 or more OTC stocks. This provides diversification and allows one to manage the market’s moods much easier. It also helps to own shares in the following 4 trending OTC stocks gaining momentum.

In this article, we look at 4 OTC stocks to watch that will greatly reward patient investors. They are 88 Energy Limited (OTCPK: EEENF), ProText Mobility, Inc (OTCPK: TXTM), UA Multimedia, Inc (OTCPK: UAMM), and Social Life Network, Inc (OTCPK: WDLF).

OTC stocks to watch EEENF

OTC stocks to watch TXTM

OTC stocks to watch UAMM

OTC stocks to watch WDLF

OTC Stocks to Watch #1 EEENF

88 Energy Limited has been bullish since July 20, after bottoming out at $0.024. The share price has ascended to the current level of $0.038, up 40% during the last five days, and momentum is still there. Trading volumes have been consistently hovering above 200,000 shares.

We’ve repeatedly mentioned EEENF in our posts, presenting our bullish case for the Pink Current company that is exploring oil and gas properties in Alaska and is now very close to confirming the existence of oil in one of its fully owned sites. We shared our take on the OTC stock in mid-March, well before the year-to-date high touched the following month. This demonstrates once again the great value of subscribing to us and accessing the best OTC stock picks.

In Alaska, EEENF now holds a 59% working interest in the Icewine project, which covers an area of about 231,000 acres, a 100% working interest in the Yukon Gold leases with an area of 15,235 acres, and another 100% working interest in the Peregrine project, with an area of about 195,373 acres.

Investors have been closely watching the Peregrine project after the company announced that it would test the Merlin exploration well by drilling. Earlier this year, it launched operations and confirmed the potential existence of hydrocarbon-bearing zones at the site. On June 24, the company said that geochemical analysis of fluid extracts from selected core samples definitively demonstrated the presence of hydrocarbons. Next, EEENF will continue with the quantitative screening on remaining samples and start phase two of side-wall core trim analysis, including: quantitative extraction, SARA, isotopes, and biomarker analysis.

Last month, EEENF confirmed that it repaid all of its debt after completing the sale transaction for its Alaskan Oil and Gas Tax Credits.

EEENF’s Merlin exploration well is great news, but now there are more reasons to bet on this OTC stock. On August 4, 88 Energy Limited provided some updates on its Umiat oil field, which it acquired earlier this year. EEENF, via its wholly-owned subsidiary Emerald House LLC, which owns 100% of Umiat oil field leases AA-084141 and AA-081726 (Umiat Unit Leases), got notified from the Bureau of Land Management of approval of its request for a 24-month extension to the Year 2 Unit Obligations, and corresponding extensions for the Unit obligations in Years 3, 4 and 5. Emerald House requested an extension of 24 months to enable the Company to analyze the extensive amount of historical data acquired from the sellers of the Umiat oil field. The 24-month extension to the Year 2 Unit Obligations allows the company to optimize a full field development plan, which will include evaluating potential synergies with plans associated with the Project Peregrine acreage.

It will also allow 88 Energy to leverage the knowledge and experience gained from drilling the Merlin-1 well to come up with an efficient operational program to maximize the chance of success at Umiat. 88 Energy plans to utilize the additional 24 months to:

  • Investigate previous scoping studies and explore possible alternative development scenarios to improve the economics of the Umiat oil field.
  • Update and perform revised sensitivity analysis around project development scenarios, incorporating knowledge gained from the drilling of Merlin-1.
  • Develop a detailed understanding of the potential environmental impacts of further exploration and development in the region.
  • Identify and map potential future drilling locations.
  • Engage with local communities, subsistence groups and the North Slope Borough to inform them of anticipated plans for the Umiat (and Peregrine) area.
  • Incorporate the Merlin-1 drilling results and ascertain (via biostratigraphy and/or new seismic acquisition) whether Umiat and Project Peregrine targets share the same reservoir interval.

Umiat is a known oil field of high quality (38-degree API) crude at shallow depth.

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http://clients3.weblink.com.au/pdf/88E/02403513.pdf

While the company is only exploring oil and gas properties, we believe this stock is undervalued. Note that EEENF’s largest shareholders include subsidiaries of Merrill Lynch, Citigroup, BNP Paribas, and JPMorgan. Also, the top 20 shareholders increased their stake from 36% to 64%. We will continue to update you on EEENF.

OTC Stocks to Watch #2 TXTM

ProText Mobility, Inc corrected on Thursday, but the general trend is still bullish. From February to July, the OTC stock moved horizontally within a range between $0.0014 and $0.0018. At the end of last month, TXTM suddenly surged and hit $0.0068 on August 4, which is the highest level since 2014.

The bullish move intensified after the company finally obtained the Pink Current status. Bulls are dominating the market amid rumors of an upcoming merger, though no official information has been released.

TXTM operates two wholly-owned subsidiaries, Plandai Biotechnology South Africa (PTY) Ltd and Cannabis Biosciences. The former has the exclusive global license to develop pharmaceutical applications and products using the Phytofare catechin complex, which was developed by the company. Phytofare is a highly bioavailable extract produced from live green tea leaves. It has been clinically shown to have 10x greater bioavailability over generic catechin extracts. As for Cannabis Biosciences, it developed a proprietary processing and extraction technology that utilizes live plants for producing a full-profile cannabis extract, which contains the precursor acid form of THC (THC-A and THC-B) found in live cannabis plant.

After getting the Pink Current status, investors are waiting for the announcement of a massive reverse merger with Republic of South Africa Medical Marijuana Dispensaries Pty Ltd. (RSAMMD), a huge cannabis company. In 2020, TXTM and RSAMMD joined forces to test Protext’s proprietary extraction technology using live cannabis and hemp plants and commercialize the resultant cannabis and hemp-based extracts. Prior human clinical trials have shown Protext’s licensed extraction technology to be effective at significantly improving absorption rates and bioavailability, as well as delivering the full phytonutrient spectrum.

In exchange for covering all the costs associated with testing and commercialization, RSAMMD received an exclusive global license to the technology for hemp and cannabis extracts, excluding North America.

Now it seems that RSAMMD is about to reach the OTC Markets with the TXTM ticker through an upcoming reverse merger. While there is no announcement, the company posted an interesting tweet that may be interpreted as a hint at the merger:

#TeamCannabisSouthAfrica 🇿🇦#RSAMMD🇿🇦#TXTM🇺🇲 #CannabisGlobal🌱

No comments at this time😜

Shes a Runner🚀Shes a Track ⭐#TeamHumanity⚛️#ZERO_HARM_FOUNDATION🌍#masscollaboration #unity#LetsEndPovertyTogether#LetGreenBeTheOnlyColorWeSee#proudlysouthafrican #proudlyafrican pic.twitter.com/6rGiIWOB9y

— RSA Medical Marijuana Dispensaries RSAMMD™🇿🇦 (@RSAMMD) August 4, 2021

TXTM current CEO, David Lewis, was appointed more than a year ago. He is also the CEO of CYIOS Corporation (OTCMKTS: CYIO), a $16 million Pink Current company that runs three subsidiaries, including Dr’s Choice CDB, which is a close partner of RSAMMD.

We think the merger news will push the TXTM to new highs, so pay close attention to this OTC stock.

OTC Stocks to Watch #3 UAMM

UA Multimedia, Inc has also been correcting on Thursday after almost hitting six pennies on Wednesday, reaching the highest level since April. At the time of writing, UAMM is trading at $0.0401. Insider Financial first paid attention to UAMM in March, well before the OTC stock hit the YTD peak the following month.

Investors are excited about UAMM because it is expected to announce the launch of its cryptocurrency exchange, and this is a big thing because crypto is one of the fastest-growing industries. However, UAMM already has serious competitors across OTC Markets, as NSAV and KYNC are also launching their crypto exchange platforms later this month.

UAMM, a Pink Current company, promotes itself as a solution provider in the area of cryptocurrency, blockchain, fintech, Decentralized Finance (Defi), and artificial intelligence (AI). It is also a holding company seeking to acquire entities that are in similar space.

DeFi is one of the fastest-growing sectors within the crypto space and probably the most important trend since the launch of Bitcoin. In fact, giants like Bank of America and ING admitted that DeFi was more disruptive than Bitcoin itself, as it aims to transform all financial services by adopting decentralized infrastructures.

UAMM is currently developing its proprietary crypto exchange that will be based in the state of Georgia. It is also working on a decentralized exchange, a non-fungible token (NFT) marketplace, and an ERC-20 token.

The formation of the specialist crypto exchange company in Georgia has been completed. Working on a few minor items before ramping up. Updates are coming. Please stay tuned. $UAMM

— UA Multimedia (@UAMultimedia) July 1, 2021

The share price may explode when UAMM announces its crypto exchange. UAMM is certainly one OTC stock to be watching.

OTC Stocks to Watch #4 WDLF

Social Life Network, Inc has been trading sideways since August 4, after bouncing back from Monday’s low at $0.0028, which was the lowest since the beginning of February. At the time of writing, the OTC stock is fluctuating near $0.0038, still far from the YTD high at $0.035 reached in February.

We first reported on WDLF at the end of last year, providing our subscribers with the chance to leverage the February rally. While the share price has been correcting for months, the company has the potential to get back to new highs.

WDLF, which recently became Pink Current, promotes itself as a Technology Business Incubator (TBI) that, through individual licensing agreements, provides tech startups with seed technology development, legal and executive leadership, making it easier for startup founders to focus on raising capital, perfecting their business model, and growing their client base. WDLF’s technology is an AI-powered social network and ecommerce platform that leverages blockchain technology to increase speed, security, and accuracy on the niche social networks that it licenses to the companies in its TBI.

Starting with 2015, WDLF has added niche social networking tech startups to its TBI that target consumers and business professionals in real estate, space, Hunting, fishing, racket sports, soccer, golf, cycling, and motorsports industries. Each of the company’s TBI licensees have a goal to grow their network users to a size enabling the sale to an acquiring niche industry company or taking the TBI licensee public through an IPO. WDLF generates its revenues through its TBI licensees by charging a 5% fee on their revenue and a 15% common stock stake in the TBI licensee if they reach the liquidity event of going public or selling their business.

As we mentioned in our previous posts, WDLF is seeking $45 million in total damages with its two ongoing lawsuits that go after toxic funders, who allegedly violated federal securities laws, which reflects the current CEO’s shareholder-oriented attitude and ambition. In mid-July, the company announced that it had filed a $43+ million First Amended complaint against a convertible debt funder for multiple alleged federal securities laws violations.

WDLF is also grabbing investors’ attention thanks to its subsidiary MjLink.com, Inc, one of the largest social networks that connect millions of global cannabis and hemp consumers, business professionals, companies, and brands that make up the now global legal industry.

WDLF has great fundamentals. It’s just a matter of time before the stock price reflects all that WDLF has going on.

THE FINAL NOTE

Today is a great opportunity to benefit from the stock market’s bullishness and invest in OTC stocks with great potential during a reviving economy. Our job is to identify the best OTC stock alerts with strong fundamentals and let our subscribers pick the ones they like to build a well-diversified portfolio oriented at penny stocks.

All of the 4 OTC stocks discussed today are on the rise and are good stocks to hold. Nevertheless, our best advice is to be patient and enter the market during corrections. Buying dips and selling rips as swing trades remains the best strategy in the penny stock market. Still, whenever an OTC stock is in the middle of a bull run, we recommend our subscribers to book profits.

It’s very important to eye OTC stocks that have room for growth and have yet to make their explosive move. There are plenty of opportunities, and we take our time to monitor hundreds of penny stocks to buy each week, trying to find the best alerts for our subscribers.

Remember, all you need is one or two OTC stocks to succeed in order to crush the market averages.

As always, good luck to all (except the shorts)!

WHEN INSIDER FINANCIAL HAS A STOCK ALERT, IT CAN PAY TO LISTEN. AFTER ALL, OUR FREE NEWSLETTER HAS FOUND MANY TRIPLE-DIGIT WINNERS FOR OUR SUBSCRIBERS. WE SPECIALIZE IN FINDING MOMENTUM BEFORE IT HAPPENS!

Disclosure: We have no position in any of the securities mentioned. We wrote this article ourselves and it expresses our own opinions. We are not receiving compensation for it. We have no business relationship with any company whose stock is mentioned in this article. Insider Financial is not an investment advisor and does not provide investment advice. Always do your own research and make your own investment decisions. This article is not a solicitation or recommendation to buy, sell, or hold securities. This article is meant for informational and educational purposes only and does not provide investment advice.

4 OTC Stocks to Watch: EEENF TXTM UAMM WDLF

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