The top 10 cheap stocks to invest in so far this year offer plays in several different sectors, but they all have something in common. While the major benchmarks are basically flat for the year, there are some cheap stocks have logged meteoric gains.
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Penny Stocks Today
The biotech industry is offering some of the best cheap stocks to invest in now.
You see, biotech stocks have faltered in the last two weeks. Since March 20, the Nasdaq Biotechnology Index has dipped nearly 7%.
This new list of the top 10 penny stocks to buy now includes some of the hottest tech, pharma, and high-yield investments to buy today.
When done correctly, penny stock investing can indeed be lucrative. But it can also be risky. That's why it's important to be prudent with any penny stock investment. And, limit orders are a must.
Criminals have taken full advantage of the burgeoning marijuana industry - which grew from $1.5 billion in 2013 to $2.7 billion in 2014.
Investors in marijuana penny stocks lost a whopping $23.3 billion in 2014.
The top 10 penny stocks so far this year offer plays in several different sectors, but they all have something in common. While the major benchmarks are basically flat for the year, these penny stocks have logged meteoric gains.
A few are in the biotech sector, and several are in the oil industry. All carry some risk, but also have the potential for even bigger gains.
Biotech penny stocks take a while to gain momentum, but once they acquire FDA approval, there's no telling how much and how fast they can earn.
Suddenly, their share prices have the potential to skyrocket.
Several of this year's penny stocks with the biggest gains surfaced unexpectedly. They boasted share-price growth as high as 104%.
While many investors are hesitant, if not completely opposed, to the penny stock game, others know that it's all a matter of properly conducted research separating the successful from the fruitless.
Shares of drug companies developing Ebola treatments have at turns soared and tanked over the past couple months amid speculation and hype.
But other companies not chasing after a treatment for the disease have also attracted interest amid the worst Ebola outbreak in history. One such company is Alpha Pro Tech (NYSEMKT: APT), which made penny stock news in October when shares soared to an all-time high of $10.73.
The best penny stocks to buy for 2015 have something many penny stocks don't give investors. They all belong to solid companies.
You see, penny stock investing is full of risks, but you won't find any of that here. These five stocks all trade on the New York Stock Exchange or Nasdaq. They have strong 2015 guidance figures. Some operate in a high-growth industry.
For investors looking for the best penny stocks to buy, the biotech sector offers some of the best investment opportunities on the market.
Despite the fact that biotech stocks have been up and down in 2014, Money Morning's Bioscience Investment Specialist Ernie Tremblay sees great profit opportunities for the rest of 2014.
The top 10 penny stocks of 2014 have seen tremendous gains, one as high as 33,000% since January.
That's exactly why some investors are so enamored with penny stocks - they have the potential to transform entire portfolios in a very short period of time.
Penny stocks across a variety of sectors have logged impressive gains year to date - but there have also been a few penny stock fiascos.
Many penny stocks are legitimate companies that generate revenue and have healthy prospects. The key is finding those engaged in niche businesses offering a product that will serve many.
Penny stocks to watch update: Global mergers and acquisitions have been occurring at an astonishing pace in 2014, with more than $2 trillion in transactions announced year to date. And the pace of M&A activity is only expected to continue thanks to low interest rates and companies' flush cash hoards.
Some of the richest takeover premiums resulting in big stocks gains can come from penny stocks.
Some of the stock market's best and most unexpected gains over the last year have come from a penny stock destined not to remain in this low-priced stock category much longer.
Penny stocks can offer huge profit potentials, but penny stock investing can also be risky when it's not done right.
This month's meteoric rise of CYNK Technology Corp. (OTC: CYNK) stock is the perfect example. It turns out the gains may be for naught as the SEC has suspended trading while it investigates the company.