6 Major US OTC Stocks to Watch in 2023

In the dynamic world of financial markets, over-the-counter (OTC) stocks often fly under the radar of many investors. However, these stocks can present significant opportunities for those willing to do their homework. This article highlights six major US OTC stocks that are worth keeping an eye on in 2023. From emerging tech companies to established players, these picks could offer promising returns for the right investors.

1. BioMarin Pharmaceutical Inc. (BMRN) BioMarin Pharmaceutical Inc. is a leader in the biotechnology industry, specializing in the development and commercialization of therapies for rare genetic disorders. With a market capitalization of over $20 billion, BioMarin has a strong track record of bringing innovative treatments to market. Its pipeline includes several promising drug candidates, making it a key player in the OTC market.

2. Marathon Digital Holdings Inc. (MARA) Marathon Digital Holdings is a leading provider of high-performance computing solutions. As the cryptocurrency market continues to grow, companies like Marathon are in a prime position to benefit. With a focus on mining operations and the development of new technologies, Marathon Digital Holdings is a compelling OTC stock to watch.

3. Voyager Digital Ltd. (VOYR) Voyager Digital Ltd. is a digital asset platform that provides access to a wide range of cryptocurrencies. As the demand for digital assets continues to rise, Voyager Digital is well-positioned to capitalize on this trend. The company offers trading, lending, and staking services, making it a key player in the OTC market.

4. Green Thumb Industries Inc. (GTBIF)

Green Thumb Industries Inc. is one of the largest multi-state operators in the US cannabis industry. With a strong presence in key markets and a diverse product portfolio, Green Thumb Industries is well-positioned for growth. As the legal cannabis market expands, this OTC stock could offer substantial returns for investors.

5. Axon Enterprise Inc. (AXON) Axon Enterprise Inc., formerly known as Taser International, is a leading provider of public safety products. The company's products include Taser devices, body cameras, and software solutions. With a growing focus on public safety technology, Axon Enterprise is a compelling OTC stock to consider.

6. Global X Gaming & Leisure ETF (NYSEARCA: BATS) While not a traditional OTC stock, the Global X Gaming & Leisure ETF offers exposure to a basket of OTC gaming and leisure companies. This ETF provides investors with a diversified way to invest in the gaming industry, which has seen significant growth in recent years. With a focus on companies like DraftKings and Flutter Entertainment, this ETF could be a valuable addition to any OTC portfolio.

Case Study: Marathon Digital Holdings Inc. Marathon Digital Holdings has seen significant growth in its stock price over the past year, driven by the surge in cryptocurrency demand. In February 2022, the company announced a major expansion of its mining operations, which contributed to a surge in its market capitalization. This case study highlights the potential for high returns in the OTC market, particularly for companies involved in the cryptocurrency space.

In conclusion, the OTC market offers a wealth of opportunities for investors looking to diversify their portfolios. By focusing on companies with strong fundamentals and promising growth prospects, investors can find hidden gems in the OTC space. As always, it's crucial to conduct thorough research and consult with a financial advisor before making any investment decisions.

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