Penny stocks are a great opportunity for investors who want the potential for triple-digit returns without pouring money into expensive stocks or options contracts.
Last Thursday (May 3), VivoPower shares soared 88%. While the solar panel company stated that it had not released any news that would cause a surge in share prices, trading volume spiked ahead of the May earnings report.
As an 88% gain shows, penny stocks can generate significant returns in a short period of time.
However, VivoPower and our other penny stocks to watch this week already saw big gains. After looking at our 10 top penny stocks to watch, we'll show you a small-cap stock with serious profit potential in its future...
|Penny Stock||Current Share Price||Law Week's Gain|
|VivoPower International Plc. (Nasdaq: VVPR)||$3.05||88.57%|
|Euro Tech Holdings Co. (Nasdaq: CLWT)||$3.77||75.11%|
|Boxlight Corp. (Nasdaq: BOXL)||$6.36||65.38%|
|Chine Recycling Energy Corp. (Nasdaq: CREG)||$2.01||45.92%|
|Vivis Inc. (Nasdaq: VVUS)||$0.52||38.82%|
|HC2 Holdings Inc. (NYSE: HCHC)||$6.79||33.49%|
|Biostar Pharmaceuticals Inc. (Nasdaq: BSPM)||$2.67||32.23%|
|Turtle Beach Corp. (Nasdaq: HEAR)||$6.99||30.19%|
|Aegean Marine Petroleum Network Inc. (NYSE: ANW)||$3.30||29.24%|
|Rexahn Pharmaceuticals Inc. (NYSE: RNN)||$2.11||29.19%|
While the gains of last week's top penny stocks are exciting, it's important to note that investing in penny stocks is also incredibly risky.
Yes, there are penny stocks that have tremendous growth potential that can easily dwarf your initial investment. However, most penny stocks lack the solid underlying financials necessary to generate a significant return.
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In order to make sure we protect ourselves from any substantial losses from investing in penny stocks, we follow five rules for penny stock investing. Take look at them on the right.
In addition to following these rules, our team uses the Money Morning Stock VQScore™ to identify stocks that have real growth potential.
Our favorite small-cap stock to buy this week has a VQScore of 4 - meaning it's a stock ready to soar.
In fact, this small cap is looking at possible returns of 430%...
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Top Penny Stock to Watch, No. 3: Partner Communications Co. Ltd.
Partner Communications Co. Ltd. (Nasdaq: PTNR) is an Israeli-based mobile network operator, as well as an Internet and telephone provider. Founded in 1999, Partner was formerly operating under the umbrella of the French telecommunications company "Orange" until 2016.
Partner is in the midst of an aggressive expansion effort that's yielding significant gains. In 2017, the company added 79,000 mobile subscribers and 29,000 Internet customers. These customer increases were more than double than the previous year and resulted in a 2% increase in the company's annual profit.
These numbers are largely the result of lucrative media distribution deals the company has struck over the last few years. In 2016, Partner made a deal with Netflix Inc. (Nasdaq: NFLX) to offer a free subscription to Netflix through its service.
In December 2017, the company announced a similar partnership with Apple Inc. (Nasdaq: AAPL) to include Apple Music in its subscription packages.
Partner has also expanded the company's telecomm abilities, bringing fiber optic service to tens of thousands of households in Israel and introducing a television subscription service in July of last year.
Even after this robust period of expansion, the company shows no signs of slowing down. Last week, Partner announced another collaboration, this time with Amazon.com Inc. (Nasdaq: AMZN). Through the deal, Partner subscribers will now receive access to Amazon Prime Video content - an offering that is likely to have similar impact on subscriber numbers as previous partnerships have.
And Wall Street analysts agree - they've put a high price target of $22.00 on Partner. That's a 435% increase over today's price of $4.11.
Of course, penny stocks aren't the only way to bank triple-digit returns in a matter of days...
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