Share This Article

Facebook LinkedIn
Twitter Reddit
Print Email
Pinterest Gmail
Yahoo
Money Morning
×
  • Invest
    • Best Stocks to Buy
    • Stock Forecasts
    • Stocks to Sell Now
    • Stock Market Predictions
    • Technology Stocks
    • Best REITs to Buy Now
    • IPO Stocks
    • Penny Stocks
    • Dividend Stocks
    • Cryptocurrencies
    • Cannabis Investing
    • Angel Investing
  • Trade
    • How to Trade Options
    • Best Trades to Make Now
    • Options Trading Strategies
    • Weekly Trade Recommendations
  • Retire
    • Income Investing Guide
    • Retirement Articles
  • More
    • Money Morning LIVE
    • Special Investing Reports
    • Our ELetters
    • Our Premium Services
    • Videos
    • Meet Our Experts
    • Profit Academy
Login My Member Benefits Archives Research Your Team About Us FAQ
  • Invest
    • Best Stocks to Buy
    • Stock Forecasts
    • Stocks to Sell Now
    • Stock Market Predictions
    • Technology Stocks
    • Best REITs to Buy Now
    • IPO Stocks
    • Penny Stocks
    • Dividend Stocks
    • Cryptocurrencies
    • Cannabis Investing
    • Angel Investing
    ×
  • Trade
    • How to Trade Options
    • Best Trades to Make Now
    • Options Trading Strategies
    • Weekly Trade Recommendations
    ×
  • Retire
    • Income Investing Guide
    • Retirement Articles
    ×
  • More
    • Money Morning LIVE
    • Special Investing Reports
    • Our ELetters
    • Our Premium Services
    • Videos
    • Meet Our Experts
    • Profit Academy
    ×
  • Subscribe
Enter stock ticker or keyword
×
5 Ways to Beat the Fed (and Crush Inflation)

Email this Article

Send with mail | ahoo instead.
Required Needs to be a valid email
Required Needs to be a valid email
The 5 Top Penny Stocks This Week All Posted Double-Digit Gains
http://mney.co/1VCSgPf
Required Please enter the correct value.
Twitter
Stocks: ALL

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

By Diane Alter, Contributing Writer, Money Morning • February 1, 2016

View Comments

Start the conversation

Comment on This Story Click here to cancel reply.

Or to contact Money Morning Customer Service, click here.

Your email address will not be published. Required fields are marked *

Some HTML is OK

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 of more than 60%.

With analysts warning about extreme volatility from the broader markets in 2016, many investors are looking for the best penny stocks. That's because penny stocks can reward investors with double-digit profits in a short period of time.

Top Penny StocksStill, penny stockĀ investing can be extremely risky. That's why Money Morning experts advise that penny stocksĀ should only represent a small percentage of any portfolio. And one stock should never account for more than 2% of your investing capital.

Money MorningĀ Chief Investment Strategist Keith Fitz-Gerald says the key to finding the best penny stocks in 2016 is no different than finding other great investing opportunities. You need to know what to look for and have the right risk tolerance and perspective.

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

Top Penny Stocks, No. 5: Histogenics Corp. (Nasdaq: HSGX)

Histogenics Corp. (Nasdaq: HSGX) develops and commercializes regenerative medicine products in the musculoskeletal segment. Its product candidates include NeoCart, currently in phase III clinical trials, a first-line therapy for full-thickness knee chondral lesions in adults. Founded in 2000 and headquartered in Waltham, Mass., Histogenics will present at the ROTH 18th Annual BIO Conference in New York on Feb. 9. Canaccord Genuity has an $8 price target on HSGX. Shares rose 30.3% last week to $3.01. That makes it No. 5 on our list of the top penny stocks this week...

Top Penny Stocks, No. 4: Avon Products Inc. (NYSE: AVP)

Avon Products Inc. (NYSE: AVP) was founded in 1886 and is headquartered in New York. The company manufactures and markets beauty products worldwide.Ā Once widely successful, Avon and its stock have suffered over the last several years. CEO Andrea Jung, whose 13-year tenure at the top unraveled in 2012 in a slew of embarrassing scandals, has weighed on the stock. Avon Products shunned a $10 billion bid by rival Coty that same year, instead aiming for a turnaround. Shares have been trending higher since Jan. 21, when Avon Products announced Cerberus Capital Management is investing $435 million in Avon for a nearly 17% stake and will acquire 80% of the company's North American business. Avon will separate the unprofitable division from its international business, which will make up the remaining public company. AVP shares ended last week at $3.39, a 30.9% gain.

Top Penny Stocks, No. 3: Century Aluminum (Nasdaq: CENX)

Century Aluminum Co. (Nasdaq: CENX) produces primary aluminum in the United States and Iceland. The Chicago-based company produces standard-grade and value-added primary aluminum products, as well as carbon products including anodes and cathodes. Aluminum producers have been feeling the pain from falling metal prices for the last couple years. However, big production curtailments from aluminum producers have not yet been announced. But some aluminum producers have been using falling metal prices as a tool to negotiate fresh energy contracts with power suppliers. CENX, meanwhile, is talking with U.S. authorities about options for stemming a flood of cheap metal imports from China, including a trade case that could bring the escalating dispute to a head. CENX closed last week at $4.72, a 32.2% gain.

Top Penny Stocks, No. 2: OncoCyte Corp. (NYSEMKT: OCX)

OncoCyte Corp. (NYSEMKT: OCX) is engaged in developing non-invasive liquid biopsy diagnostic tests in areas of high unmet needs in oncology. The company's initial focus is confirmatory diagnostics that are used in conjunction with imaging to confirm initial diagnoses. Shares debuted on the NYSEMKT on Jan. 4. On Jan. 27, OncoCyte and The Wistar Institute entered into a global licensing agreement for a simple, non-invasive blood test to aid physicians in the early detection of lung cancer. The agreement provides OncoCyte the exclusive rights to commercialize this lung cancer diagnostic test. The company is working on the test's final validation with the goal of completing work in 2016 to enable its commercial launch. OCX shares closed last week at $4.15, a 44.1% gain.

Top Penny Stocks, No. 1: SunCoke Energy (NYSE: SXC)

SunCoke Energy Inc. (NYSE: SXC) operates as an independent producer of coke in the Americas. The Illinois-based company offers metallurgical and thermal coal for use as a raw material in the blast furnace steelmaking process. On Jan. 28, SunCoke reported better than expected Q4 results after reporting a loss in the same quarter a year ago. Net income came in at $19 million. Adjusted earnings per share came in at $0.16. That easily beat estimates of $0.05. For the full year, the company reported its loss narrowed to $22 million, or $0.34 per share, on revenue of $1.36 billion. On Jan. 29, Mangrove Partners bought 262,712 shares at $2.34 to $2.35. Shares ended last week with a 60.9% advance to $3.78. That puts SXC at No. 1 on our list of top penny stocks for the week.

Stay informed on what's going on in the markets by following us on TwitterĀ @moneymorningĀ or liking us onĀ Facebook.

The Gold Mining Revolution: Technological advancements in gold mining have been stagnant, but one tiny Canadian company is about to change that. Its special extraction method will slash production costs and send gold prices soaring. In fact, this nano cap could disrupt the entire industry...

Join the conversation. Click here to jump to comments…

Login
guest
guest
1 Comment
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
David Johnson
David Johnson
6 years ago

Great list.

0
Reply
LIVE
Visit Money Morning Live


Latest News

January 19, 2023 • By Money Morning Stock Research Team

These Stocks Could Go To $0

January 9, 2023 • By Money Morning Stock Research Team

The Government Is Pouring $391 Billion Into These Stocks - Buy Now

December 27, 2022 • By Money Morning Staff Reports

6 IPOs in 2023 You Can’t Afford to Miss
Trending Stories
ABOUT MONEY MORNING

Money Morning gives you access to a team of market experts with more than 250 years of combined investing experience – for free. Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors.

QUICK LINKS
About Us COVID-19 Announcements How Money Morning Works FAQs Contact Us Search Article Archive Forgot Username/Password Archives Profit Academy Research Your Team Videos Text Messaging Terms of Use
FREE NEWSLETTERS
Total Wealth Research Power Profit Trades Profit Takeover This Is VWAP Penny Hawk Trading Today Midday Momentum Pump Up the Close
PREMIUM SERVICES
Money Map Press Home Money Map Report Fast Fortune Club Weekly Cash Clock Night Trader Microcurrency Trader Hyperdrive Portfolio Rocket Wealth Initiative Extreme Profit Hunters Profit Revolution Warlock's World Penny Nation Quantum Data Profits Live Trading Alliance Trade The Close Inside Money Trader Expiration Trader Vega Burst Trader Flashpoint Trader Darknet Hyper Momentum Trader

Ā© 2023 Money Morning All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning.

Address: 1125 N Charles St. | Baltimore, MD, 21201 | USA | Phone: 888.384.8339 | Disclaimer | Sitemap | Privacy Policy | Whitelist Us | Do Not Sell My Info

wpDiscuz