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5 Top Penny Stocks to Buy for December 2017
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Stocks: AMSC, CGNT, CPST, OPGN, TTOO

5 Top Penny Stocks to Buy for December 2017

By William Romov, Associate Editor, Money Morning • December 4, 2017

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Few investments have the profit potential of penny stocks - defined as stocks that trade under $5 per share. Just take a look at Marathon Patent Group Inc. (Nasdaq: MARA), which climbed an astounding 341% during the four trading days of Thanksgiving week.

So today, we're giving you five of the top penny stocks to buy for December 2017, which all have massive upside.

Two of them currently trade for less than a dollar. One of them even trades for less than a quarter.

While these stocks have huge profit potentials, you must keep in mind that penny stocks are speculative investments that often see big pullbacks after making large gains.

That's why Money Morning Chief Investment Strategist Keith Fitz-Gerald recommends that no more than 2% of your stock portfolio consist of such risky investments. And these are only investments for those willing to accept some risk.

But if you're willing to take the risk, one of these stocks could bring you profits of over 500% next year.

FREE PROFIT ALERTS: Get real-time recommendations on the best penny stock opportunities the moment we release them. Just sign up here, it's completely free...

Now here's the first penny stock on our list today...

Penny Stocks to Buy for December 2017, No. 5: T2 Biosystems Inc. (Nasdaq: TTOO)

Currently trading at $4.10 per share, T2 Biosystems Inc. (Nasdaq: TTOO) makes diagnostic products for biological in vitro research. It has the highest share price of the penny stocks on our list today.

top penny stocks to buy for December 2017

In vitro is Latin for "in glass". This type of research is traditionally done on a component of an organism, in test tubes and Petri dishes, outside of the component's normal biological surroundings.

T2's diagnostic products are used specifically for the detection of pathogens and abnormalities - especially Lyme disease - in human body fluids.

The company's stock is covered by four firms, and its Q3 2017 results beat analysts' earnings expectations.

According to S&P Capital IQ, shares of TTOO have an average price target of $5.75, representing 40.24% upside from current levels.

Penny Stocks to Buy for December 2017, No. 4: American Superconductor Corp. (Nasdaq: AMSC)

Massachusetts-based American Superconductor Corp. (Nasdaq: AMSC) makes two-megawatt wind turbines under the Windtec Solutions brand. The company also sells products and services to connect electricity-generating equipment with the power grid.

According to climatecentral.org, the amount of power generated by one two-megawatt wind turbine could power 380 homes during a year.

This is actually a fairly conservative estimate, based on the assumption that a two-megawatt wind turbine only produces a quarter of its maximum power. This is due to the intermittent nature of wind energy-meaning the wind doesn't constantly blow.

Its stock currently trades at $3.24 and is covered by four firms, with an average price target of $7.38, representing 127.77% upside from current levels.

AMSC has beaten analysts' earnings expectations in eight of the last nine quarters, according to S&P Capital IQ.

Penny Stocks to Buy for December 2017, No. 3: Cogentix Medical Inc. (Nasdaq: CGNT)

Based in Minnesota, Cogentix Medical Inc. (Nasdaq: CGNT) makes fiber optic and video endoscopy products for medical use. Endoscopy products allow medical professionals to look inside the body. The company's stock currently trades at $3.07.

The company's flagship PrimeSight endoscopy system provides physicians and hospitals with an all-in-one platform that helps reduce capital and maintenance costs.

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In July 2017, Cogentix announced it had entered into an exclusive licensing agreement with medical device maker Promepla, to launch an endo-urology product line in the United States.

In the company's Q3 2017 earnings call on Nov. 7, CEO Darin Hammers said the rollout of the new product line should allow for 20% revenue growth in the company's urology segment next year. This segment represents about 29% of the company's net revenue.

CGNT shares are covered by three firms and have an average price target of $4.58, with one JP Morgan analyst targeting $5. From the stock's current level at $3.07, those price targets represent 49.19% and 62.87% upside, respectively.

The company has matched or beaten analysts' earnings expectations in the last two quarters.

Now, as promised, here are the final two stocks on this list. Both trade for less than $1, and one has upside of more than 500%...

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argelia amirsolaimani
argelia amirsolaimani
5 years ago

penny stock are good to start? I do not have to much money. I am a retire and
each penny counts

0
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Harry E. Jean-Philippe
Harry E. Jean-Philippe
5 years ago
Reply to  argelia amirsolaimani

Thanks to Money Morning, I am pretty much willing to start investing in Pot Penny Stocks.Since I am a novice , could you tell me , please , how to make it happen. I am very interested in CBIS shares.

Best regards,

Harry E. Jean-Philippe
Charlotte , North Carolina

0
Reply
chris
chris
5 years ago

Need to make some money.

0
Reply
Delores Campbell
Delores Campbell
5 years ago

What pot stocks do you recommend? There are so very many.

I already get your newletter

0
Reply
Delores Campbell
Delores Campbell
5 years ago

Thank you for your response to the above comments

0
Reply
Andrew Long
Andrew Long
5 years ago

I keep running into needing a $25,000 account value in order to purchase some penny stocks. Hopefully if I decide on any of these I can complete transaction.

0
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Helena Petrovich
Helena Petrovich
5 years ago
Reply to  Andrew Long

you dont need 25K to start a brokerage account in order to trade penny stocks. I started with an Etrade account that I deposited $300 into to get started with penny stocks. You dont need to spend a fortune to start trading. Use a discount broker like Etrade to start off. Good luck!

0
Reply
SETH RYAN DAVIS
SETH RYAN DAVIS
5 years ago

Need your plans to invest, do you have an advisor or someone to help me invest? Thank you

0
Reply
Peter j
Peter j
5 years ago

I started my brokerage account with TD Ameritrade with $1000 now they’re brokerage fee if you do all the work online is only like 6.99 per trade. If you’re only buying stocks you don’t need very much to start but if you want to trade options you’ll need more money or they won’t approve you and tell you have more money in their account

0
Reply
Carol
Carol
5 years ago

The OPGN stock you recommended. It did not go up yet. Its been about a month. Could you explain?

0
Reply
Marta Brown
Marta Brown
5 years ago

Hi,

I am new to this, how and where can I get start it investing in the Pot Penny Stocks.
Thank you,

Marta

0
Reply
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