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Penny Stocks Today

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One of the Best Penny Stocks to Buy Now Will Soar 2,275%

best penny stocks

Finding the best penny stocks is the cheapest way to turn a big profit.

It allows you to make triple-digit returns by investing just a small amount of money.

But the best penny stock we're recommending today will see quadruple-digit returns...

Penny Stocks List of Top Winners in 2016

list of penny stocks

To see which cheap shares are doing stellar in 2016, here's a penny stocks list with the year's top winners, and why they are succeeding.

Check out these seven top penny stocks now...

How to Invest in Penny Stocks Today – and 3 Top Picks

Investing in penny stocks can bring triple-digit profits in a short period of time, but it can also be very risky. That's why we developed a guide for the best way to invest in penny stocks today.
penniesThe best way to succeed at penny stock investing is to find solid companies that generate real revenue. That's the first step we take when looking for the best penny stocks to buy. By doing so, you'll weed out the penny stock scams that catch many investors off guard.

You see, spotting the top penny stocks can be very risky. Shell companies pass themselves off as profit machines. Pump-and-dump scams can leave investors penniless. And over-the-counter (OTC) and Pink Sheets stocks don't report financial information.

You won't find any of that here. The penny stock picks we cover at Money Morning trade on the New York Stock Exchange or Nasdaq.

And the penny stocks we talk about don't trade for fractions of a penny. They also won't liquidate after selling all of their worthless shares to unwitting investors.

To avoid those penny stock traps, here are the guidelines we followed to pinpoint the complete list of penny stocks for 2016…

How to Buy Penny Stocks, Tip #1: Stick to Major Indexes

Most penny stocks trade on the Over-The-Counter Bulletin Board (OTCBB) or the Pink Sheets. But those come with a major downside. The OTC markets and Pink Sheets do not require the same reporting standards for financial information as the NYSE or Nasdaq. That means scam companies can pass themselves off as being among the best penny stocks to buy.

For very conservative penny stock investors, sticking to the major indexes is the best bet. That will however narrow down your list of penny stocks to buy.

If you want to venture to the Pink Sheets, use their classification system. The Pink Sheets puts stocks in the "PremierOX," and "PrimeOX" categories.

How to Buy Penny Stocks, Tip #2: Do the Proper Research

Like any investment, research is important when it comes to determining the best penny stocks to buy.

pennies_listThe first place to look is the company's index. Check out the NYSE or Nasdaq websites for stock information, research reports, and company profiles. Always check the company's own website as well.

It's also a good idea to contact the company directly and request any information available. Most will offer financial and product information to investors. If a company does not provide this information, there is probably a reason why. Be wary of these penny stocks.

If the company is located outside of the United States, research the political, economic, and social situations of the country. Don't forget to review the business laws of the country. Frequently, the company will provide this information for penny stock investors.

How to Buy Penny Stocks, Tip #3: Find Buyout Candidates or "Ready for Market" Stocks

Find penny stocks that are ready to bring major products or medications to market. That could serve as a major catalyst for the stock. If a product takes off, the penny stock will too.

"Many penny stock companies, especially health-related biotechs or innovative technology companies, spend years researching and developing their products," Money Morning's Defense and Tech Specialist Michael Robinson said. "This may include lengthy and rigorous testing. Pharmaceutical biotech products can spend years in trials and tests."

Robinson also says that buyout candidates can make for hot penny stock picks…

"Many small companies are prime buy-out candidates," Robinson said. "Typically these companies have a market niche, a technology, a promising drug, product (even patents) that a larger competitor desires. And many times, the purchase price is much higher than where the penny stock currently trades. This gives those shareholders an instant gain."

Finding a penny stocks company that's ready to be bought out could bring big gains to investors in a short period of time. Robinson suggests following M&A trends to see which industries and penny stock companies are the hottest for takeovers.

How to Buy Penny Stocks, Tip #4: Make a Budget

Finally, it's important to maintain perspective and only allocate a small portion of your portfolio to the best penny stocks you've identified.

Betting on too many long shots is risky, and not a winning strategy. Betting the 50-1 horse every time may result in a winner every once in a while, but it's a foolhardy strategy.

Don't view the list of hot penny stocks as your lottery ticket. Instead, assess your penny stock investments like you would any other stock.

Now that you have the inside tips on how to invest, here's our list of three penny stocks to watch in 2016…

Best Penny Stocks to Watch, No. 1: Lucas Energy Inc.

Lucas Energy Inc. (NYSEMKTS: LEI) is a Houston-based independent oil and gas company. Shares trade near $4. Shares of this penny stock soared in December after LEI announced it will acquire Hunton Properties.

The assets being acquired include varied interests in two large acreage blocks in the "liquids-rich" mid-continent region. The properties currently produce in excess of 1,200 net barrels of oil equivalent per day, of which 53% are liquids from 114 producing wells.

In 2015, LEI shares traded as low as $1.23 and as high as $11.25. Its market cap surged from $2.42 million to $5.81 million during its spike in December. Any significant and sustainable rebound in the energy sector could send LEI shares much higher still. That's why LEI is one of the best penny stocks to watch in 2016.

Best Penny Stocks to Watch, No. 2: TetraLogic Pharmaceuticals

TetraLogic Pharmaceuticals Corp. (Nasdaq: TLOG) is a biopharmaceutical company that discovers and develops small molecule therapeutics for cancer and infectious diseases.

Its clinical-stage product candidate, Birinapant, is in phase 2 clinical trials for the treatment of myelodysplastic syndrome (MDS). In early November, the company opened a U.S. Investigational New Drug application (NDA) in support of a phase 2 clinical trial of suberohydroxamic acid for patients with alopecia areata.

Shares of this top penny stock to watch currently trade near $0.40 each. In January 2016, experts expect results from two phase 2 studies from TLOG's two lead products, Birinapant for MDS, and SHAPE, a treatment for a Hodgkin's class of cancer.

TLOG comes in at No. 2 on our list of the best penny stocks to watch now…

Best Penny Stocks to Watch, No. 3: International Shipholding

International Shipholding Corp. (OTCMKTS: ISHC) provides international and domestic maritime transportation under medium- to long-term time charters or contracts.

Shares of one of 2016's top penny stocks currently trade near $1.15. Shares climbed dramatically in December following the company's most recent update on the implementation of its strategic turnaround plans.

ISHC is reducing debt and will streamline the company by focusing on three core segments in 2016. The moves are expected to have a positive impact on the company's leverage and liquidity positions. ISHC shares were walloped in 2015 as oil shipping rates, which surged in the first half of the year, plunged some 70% by August.

Shipping rates have since rebounded and are expected to rise further to accommodate a world with high oil supplies. That's why ISHC rounds out our list of penny stocks for 2016.

How to Invest in Penny Stocks Today – and 3 Top Picks

Investing in penny stocks can bring triple-digit profits in a short period of time, but it can also be very risky. That's why we developed a guide for the best way to invest in penny stocks today. The best way to succeed at penny stock investing is to find solid companies that generate real revenue. […]

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List of Penny Stocks with Highest Gains Last Week

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Last week was explosive for the following list of penny stocks. We put together the companies with cheap shares that moved the most last week and why.

Go ahead and see if your favorite penny stocks made the list...

Top Tech Penny Stocks in Share Price Gains Last Week

tech penny stocks

Tech penny stocks can be good investments if you do your research and find a good one. We get you started here.

Check out these tech penny stocks and how they performed last week - some are at the top of the sector...

This Penny Stock Will Double Your Money – and Save a Dying U.S. Industry

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It's not easy to find a truly compelling penny stock, which is why this one is such a remarkable find.

Not only is this green energy stock capable of a gain of 100% or more, it's just now rolling out technology with the potential to rescue the struggling coal industry.

Find out why this tech is so amazing - and how it will generate mountains of profits...

The Top 5 Penny Stocks to Watch This Week with Gains Near 100%

Top Penny Stocks

The top penny stocks on the market can bring triple-digit profits in a very short period of time, and that's why we compiled this list of the five top penny stocks to watch this week.

Each of these top penny stocks has posted a double-digit gain this week, with one up almost 100% in just a matter of days...

The 3 Top Penny Stocks to Buy for March 2016

Penny stocks to buy

Investors are always on the hunt for the best penny stocks to buy because of their potential to post triple-digit profits in short periods of time.

And today, we've brought readers our top three penny stocks for March 2016...

This Week's List of Penny Stocks to Watch with Double-Digit Gains

List of penny stocks

The Dow, S&P 500, and Nasdaq closed out last week with gains of 1.51%, 1.58%, and 1.91%, respectively. But this list of penny stocks features five small-cap stocks that all ended the week with double-digit gains.

Investors are always on the lookout for hot penny stocks because they can post double- or triple-digit profits in short periods of time.

That's why we compiled this list of penny stocks to watch. Each has posted a double-digit gain in the last week...

5 Hot Penny Stocks This Week Include This 114% Winner

Hot penny stocks

Investors are always on the hunt for hot penny stocks because they can post triple-digit profits in a short period of time.

That's why we picked out this week's five hot penny stocks outpacing the markets. One even brought in gains of 114%.

Here are this week's top penny stocks...

The 5 Top Penny Stocks This Week All Posted Double-Digit Gains

Top Penny Stocks

The broader markets all climbed last week - the Dow led the way with a 2.3% gain - but the five top penny stocks all outperformed the market and posted double-digit gains.

Last week's best penny stock even posted a gain over 60%.

Here are the five top penny stocks this week and the huge profits they've brought investors...

How to Pick the Best Penny Stocks in 2016

Top Penny Stocks

Investors are always on the hunt for the best penny stocks because they can post triple-digit profits in a short period of time.

But many investors are not aware of the risks that comes along with looking for the best penny stocks...

When picking penny stocks, avoid these three traps...

5 Top Penny Stocks This Week with Gains as High as 100%

Top Penny Stocks

Investors who spotted one of this week's top penny stocks are now sitting on a gain of more than 100% in the last month alone.

That's why we follow the top penny stocks trading today. They have the opportunity to bring investors triple-digit gains in a very short period of time.

Here's a look at this week's five top penny stocks and the huge profits they've brought investors...

Hot Penny Stocks Today Include This Electronics Firm Soaring More Than 200%

penny-stocks-chart

One of the hot penny stocks today (Tuesday) was Giga-tronics Inc. (Nasdaq: GIGA), which rose as high as 234% in morning trading.

Before the markets opened, the San Ramon, Calif.-based electronics company announced a strategic arrangement with a major defense contractor.

Here's the name of that contractor - and why the news had investors snapping up GIGA stock...