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So far in November, penny stocks have rocketed as much as 384%. Today, we're going to show you 10 of this month's top gainers.
While these penny stocks have rallied so far this month, investors are more interested in companies with potential gains ahead of them. That's why we're also going to show you one of the best stocks to buy for 2018...
|Top Penny Stock||Current Price||November 2017 Return (as of Nov. 13)|
|China Recycling Energy Corp. (Nasdaq: CREG)||$5.76||+384%|
|KBS Fashion Group Ltd. (Nasdaq: KBSF)||$5.60||+146.8%|
|OncoSec Medical Inc. (Nasdaq: ONCS)||$2.66||+133.6%|
|Rand Logistics Inc. (Nasdaq: RLOG)||$0.69||+109.3%|
|Ekso Bionics Holdings Inc. (Nasdaq: EKSO)||$2.12||+93.5%|
|Pangaea Logistics Solutions Ltd. (Nasdaq: PANL)||$4.55||+89.8%|
|Otonomy Inc. (Nasdaq: OTIC)||$5.15||+74%|
|TOP SHIPS Inc. (Nasdaq: TOPS)||$0.77||+60%|
|Container Store Group Inc. (NYSE: TCS)||$5.48||+51.8%|
|Denbury Resources Inc. (NYSE: DNR)||$1.81||+47.1%|
The biggest penny stock gainer of November is China Recycling Energy Corp., which provides recycling and energy-saving products like turbines and power generation systems. Shares of CREG stock soared 360.6% from Nov. 9 to Nov. 10 on speculative trades made in response to U.S. President Donald Trump's announced deals with China.
During his visit to China on Nov. 9, Trump announced $250 billion worth of new business deals involving several U.S. firms like General Electric Co. (NYSE: GE) and Boeing Co. (NYSE: BA). GE notched three deals, valued at a combined $3.5 billion, while Boeing secured a $37 billion agreement to sell the country 300 planes.
While Trump didn't mention any deal with China Recycling Energy, it's safe to assume CREG stock's 360.6% gain was triggered by speculation. Over 20 million shares of CREG traded just on Friday alone. That's compared to its average volume of just 925,000 shares over the last 30 days.
Speculative rallies are typically dangerous for investors. Since the stock surged based on no news tied directly to the company, shares usually decline following these rallies. That's why we don't recommend buying CREG stock right now.
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Instead, we're going to give you one of the best stocks to buy today. It's one of Money Morning Small-Cap Specialist Sid Riggs's favorite stocks in the growing mobile banking market.
Mobile banking has been on Sid's list of industries to watch, because his research shows its market value - or total revenue from all companies in the industry - is projected to grow by 716%, to $865 billion, through 2021.
Here's one of the best small-cap stocks to buy before 2018...
The Best Stock to Buy in the Projected $865 Billion Mobile Banking Market
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VASCO Data Security International Inc. (Nasdaq: VDSI) is the best way to profit from the rise in mobile banking transactions.
VASCO provides encryption services for companies that offer or use digital and mobile banking. Its most popular services include electronic signatures and mobile app security. The company's 10,000-plus customers include healthcare companies, government agencies, and multinational banks, including BCR, which is Romania's largest bank by clientele.
Sid likes VASCO's main product, DIGIPASS for Apps, which rolled out behavioral, fingerprint, and face authentication in May 2016. By recognizing a person's distinct physical features, DIGIPASS ensures only the intended user can access the banking data. In the past, a hacker could guess a user's password or trick them into divulging it.
This has singled out DIGIPASS as one of the best personal cybersecurity products out there, even earning a 2017 Global Excellence Award from leading security publication Info Security Products Guide.
The growth of mobile banking will let the company expand its customer base and rake in more profits. Analyst data compiled by Yahoo Finance shows that VASCO's yearly revenue could rise from an expected $185.7 million in 2017 to $192 million in 2018.
This will likely lead to a rebound in the VDSI stock price. Shares are down 1.8% this year, to $13.40, as revenue has dipped 8.2% from Q1 to Q2. But we think that makes now a great time to buy at a discount before they climb back up in 2018.
Stocks like VDSI are a great way to profit from both mobile banking's growth and the rise in cyberattacks. Money Morning Chief Investment Strategist Keith Fitz-Gerald has been researching even more aggressive income potential, too. He's found a special class of investments he calls "26(f) programs," which give investors the opportunity to tap into huge monthly income - $2,000... $5,000... or more - every month for the rest of their lives. Click here to learn how it works...