The 10 Top Penny Stocks This Week and One Pick That Could Soar 471%

When you invest in penny stocks, you have the opportunity to own stocks with spectacular growth potential with very little initial investment.

Just look at Renren Inc. (NYSE: RENN), last week's top-performing penny stock. Last week, Renren stock jumped over 100% after it revealed that Morgan Stanley Inc. (NYSE: MS) holds a significant stake in the Chinese social networking service.

Renren closed the week at $2.36 – a 158% gain over Monday's opening price. Renren's strong gains are exciting, but they're already in the books. After we look at this week's top penny stocks to watch, we'll show you one with even better potential.

We're talking 471% potential gains…

While the gains of last week's top penny stocks are exciting, investors who know where to look can unlock even bigger gains…

In fact, Money Morning Executive Editor Bill Patalon recently identified a small cap that's on the verge of entering an incredibly lucrative market – a market that's estimated to top $60 billion globally by 2022.

And that's a very conservative estimate.

According to Bill, "technology giants like Apple and Microsoft are making huge multimillion-dollar investments in this space, while defense contractors and the U.S. Military are using this market's technology to give soldiers a competitive 'advantage at sea, land, and air.'"

Bill's method has pinpointed a single company at the center of this industry – a 95-year-old technology and research firm based right here in the United States – just north of San Jose in California.

This firm has developed a technology that Bill is 100% convinced will change the way the world "sees" things.

This technology is not only game-changing – it's life-changing…

And the firm just inked four major deals with major players.

One is a partnership with China Mobile Ltd. to assist with the rollout of a new network-service technology to over 588 million Chinese consumers by the end of 2019.

Another is with a U.S.-based semiconductor manufacturer that deals in aerospace and defense.

Yet another was for the $455 million acquisition of communications-business elements of the fifth-largest defense firm in the U.K.

And the fourth is the biggest of all – a deal with the U.S. Department of Defense (DoD).

The firm was just awarded a $26 million, three-year deal with the DoD to use its proprietary technology to test its telecom systems.

All four of these deals just happened within a few months of each other. And all four pretty much guarantee one thing

This firms' technology is set to affect hundreds of millions of consumers – and its revenue is potentially about to explode.

Assuming this firm will follow its industry's average growth and snag a larger share of the DoD market in 2019, I believe revenue could surge from $0.8 billion to $4.533 billion.

That's a 466.62% revenue increase.

And early investors could start reaping huge fortunes – not years from now – but in the months, weeks, or even days ahead.

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