The 10 Best Penny Stocks to Buy in 2019

As 2019 kicks off, there's no better time to find the most lucrative profit opportunities in the year.

That's why we're bringing you the 10 best penny stocks to buy in 2019.

You see, penny stocks are a great profit tool for investors looking for triple-digit returns with minimal up-front investment.

Because of share prices under $5, even a $1 or $2 jump in share price could double your money in a matter of days.

top penny stocks

But finding penny stocks with the potential to shoot up like this can be difficult.

In order to make sure we're only investing in 2019's best penny stocks, we're using our proprietary stock rating algorithm, the Money Morning Stock VQScore™.

It ranks stocks based on their chance of delivering the growth we're looking for. We simply screen the 1,500 most profitable companies that earn a VQScore for stocks trading under $5 a share - the U.S. Securities and Exchange Commission's definition of a penny stock.

This eliminates penny stock scams and companies without real profit potential, leaving us with penny stocks that can generate great returns.

More than half of 2019's best penny stocks could more than double your money.

In fact, our top penny stock to buy in 2019 could soar over 250%...

Best Penny Stock to Buy in 2019, No. 10: The Container Store Group Inc.

The Container Store Group Inc. (NYSE: TCS) is an American retail firm selling storage and organization solutions.

While TCS recently left our current VQ rankings, we're still incredibly bullish on the company's profit potential.

Over the last two years, TCS has undertaken an aggressive expansion effort and established over 80 stores across the nation.

The effort has certainly paid off - TCS's gross income has jumped by 7% since 2016.

And that's not all.

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Over the same period, TCS's net income rocketed 277%. This is a clear indicator that TCS has been able to keep costs down even as its revenue grows.

It's likely to become even more profitable, too.

Since 2013, TCS has reduced its debt, a sign the company's management is thinking strategically about the future.

As of November 2017, TCS operates 90 locations across the United States. Riding the success of its recent expansion, the company is likely to continue to grow both its national presence and its bottom line.

TCS currently trades for $4.69. However, the company's recent momentum indicates this stock has plenty of room to run.

Best Penny Stock to Buy in 2019, No. 9: Mizuho Financial Group Inc.

Mizuho Financial Group Inc. (NYSE: MFG) is a Japanese holding company based in Tokyo.

Controlling $1.8 billion in assets, Mizuho focuses on retail banking, global asset management, financial strategy, and corporate investment.

These sectors provide a diverse stream of revenue for investors and protect the company from the volatility that often rocks financial companies in turbulent markets.

Over the last year, Mizuho managed to generate over $57 million in profit while growing earnings by over 2%.

Mizuho currently trades for $3.04. However, analysts see the company's stock heading to $4 by the end of the year - a 31% gain for investors.

While Mizuho's profit potential is promising, our next penny stock to buy in 2019 is even better...

Best Penny Stock to Buy in 2019, No. 8: Central European Media Enterprises Ltd.

A subsidiary of Warner Media, Central European Media Enterprises Ltd. (NASDAQ: CETV) is a media and entertainment company targeting broadcast markets in Eastern Europe.

Reaching over 40 million people through 29 television channels, CETV is the top broadcaster in Eastern Europe's four major broadcast markets.

This is largely the result of Warner Media's increasing confidence in CETV.

Ten years ago, Warner Media took a 31% stake in the company. Since then, Warner has increased its stake by 44% as CETV has delivered robust returns.

In the last four years, CETV's gross profits have jumped by 14%. Meanwhile, net income has risen by 121%.

And this growth is unlikely to slow down anytime soon.

Over the next two years, paid TV revenue in CETV's four central markets is expected to grow by roughly 20%.

These gains are sure to bolster CETV's bottom line - and line the pockets of shareholders.

CETV currently trades for $2.83. However, analysts believe that CETV's share price will soar in 2019.

One analyst set their 12-month price target at $4.85 a share, a 71% gain for this stock.

Best Penny Stock to Buy in 2019, No. 7: Valhi Inc.

Valhi Inc. (NYSE: VHI) is a Dallas-based holding company that produces goods for three major market segments. These include component products, chemicals, and real estate management and development.

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In order to streamline production in these separate markets, Valhi manages three subsidiary companies, one covering each of these market segments.

VHI operates its components business through CompX International Inc. - a leading provider of security products for industries such as office, healthcare, and the postal service.

For chemical production, VHI has majority control of Kronos Worldwide Inc. Kronos produces and markets additives used in plastics, paper, paint, and other fibers.

Finally, Valhi has majority control of BMI and LandWell, which make up its real estate and development segment.

BMI is concerned with utility services and LandWell with development activities in Nevada.

Thanks to the company's manufacturing diversity, VHI's gross profits have soared almost 170% in only three years.

It produces a staggering 45% return on equity and also pays investors a 3.59% dividend yield, almost unheard of for a penny stock.

There is currently a $4 price target on VHI stock, which means today's investor could net a 97% gain over the next year.

Best Penny Stock to Buy in 2019, No. 6: Himax Technologies Inc.

Based in Taiwan, Himax Technologies Inc. (NASDAQ: HIMX) is a global semiconductor supplier.

But it is even more than that. Himax has become a central supplier for some of the most ambitious tech firms over the last decade.

In 2013, Himax partnered with Alphabet Inc. (NASDAQ: GOOGL) to produce the liquid crystal used in silicon chips for Google Glass.

Following up on the partnership's success, Alphabet took a 6.3% stake in the Himax's display tech subsidiary.

This has paved the way for future collaborations with one of Silicon Valley's largest innovators.

Himax is also perfectly positioned to take advantage of the booming demand for semiconductors due to the rising popularity of esports.

Last year, esports drove a 7% increase in semiconductor sales.

With the North American market for esports expected to expand by an additional 35% in 2019, the semiconductor industry is likely to directly benefit.

In fact, analysts have given HIMX a price target of $8 a share - a 127% gain over today's price of $3.51.

Best Penny Stock to Buy in 2019, No. 5: Fortuna Silver Mines Inc.

Based in Vancouver, Fortuna Silver Mines Inc. (NYSE: FSM) is a Canadian silver mining company with operations in Latin America.

Fortuna operates two primary mines - one in Mexico and one in Peru. These produce a combined 8.4 million ounces of silver per year.

According to Money Morning Resource Specialist Peter Krauth, global geopolitical instability and falling global production rates are creating a perfect opportunity for a "big rally in silver in 2019."

"Geopolitics, stock markets, and central planners are helping to provide a floor for silver prices as uncertainties rise, stocks become volatile, and budget deficits explode," he says.

Analysts are calling for Fortuna to hit $9 a share as geopolitical conflict continues to stoke demand for silver.

This would equal a 142% jump from the stock's current price of $3.71 - a strong return as markets grow increasingly volatile.

Best Penny Stock to Buy in 2019, No. 4: Turquoise Hill Resources Ltd.

British Columbia--based Turquoise Hill Resources Ltd. (NYSE: TRQ) is one of Canada's largest mineral development and exploration companies.

TRQ targets development of large Pacific Rim mines. It operates, for example, in Mongolia, where some of the biggest global gold porphyry and copper deposits can be found.

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That's been hugely profitable for the company too.

On average, Turquoise Hill has beat earnings estimates in the past year by a staggering 225%.

And thanks to significant investment in global expansion, TRQ produced 280,000 tons in gold and 155,000 tons in copper over the course of 2018.

That's a 150% increase in gold production and a 7% increase in copper production over 2017.

The stock currently trades at $1.60. Short term, though, analysts forecast that it could rise to $4. That's a soaring 149% climb over the next 12 months.

While that's a great gain, our top three penny stocks to buy in 2019 have even more room to run.

In fact, our top penny stock to buy this year is an energy firm that could jump over 250%...

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Best Penny Stock to Buy in 2019, No. 3: Southwestern Energy Co.

Southwestern Energy Co. (NYSE: SWN) specializes in natural gas extraction across North America.

Southwestern currently maintains drilling rights to over 918,000 acres across West Virginia and Pennsylvania, in the area known as the Appalachian Basin.

Over the last two years, the company's gross profits have soared 58% thanks to increasing demand and volatility in the energy sector.

This has boosted the company's return on equity to 35%. Compare that to the oil industry's average return on equity of a mere 1.97%.

That's a sign the company is extremely well managed compared to its competitors and it is making excellent use of its capital.

It also indicates that SWN will be able to effectively navigate the energy market's continued volatility in 2019 and beyond.

SWN's current share price is $3.50.

However, analysts are predicting the company stock to jump to $10 over the next year - a staggering 185% return.

Best Penny Stock to Buy in 2019, No. 2: Just Energy Group Inc.

Just Energy Group Inc. (NYSE: JE) is a Canadian energy company with global reach.

It serves 4.5 million customers with some familiar affiliates that include Hudson Energy, Commerce Energy, and Tara Energy.

The company supplies natural gas and electricity to 13 U.S. states and six provinces in Canada.

In Q4 2017, it blew past earnings estimates of $0.13 by 584% thanks to a colder-than-average winter.

Analysts have now issued a price target of $9.99 per share for JE stock. From today's share price of $3.42, this represents 192.40% gains for investors.

Best Penny Stock to Buy in 2019, No. 1: Laredo Petroleum Inc.

Laredo Petroleum Inc. (NYSE: LPI) is a natural gas and petroleum production firm based in Tulsa, Okla.

Founded in 2006, Laredo currently manages reserves in Texas's Permian Basin, equaling 215 million barrels of oil, 62% of which is natural gas.

Unlike most drilling firms, Laredo uses a drilling method known as the mechanical earth model, which uses data analysis of the earth's geological makeup to identify the best drilling locations.

According to Laredo, this method dramatically increases the efficiency of the company's drilling operations, saving energy and cutting costs.

This is certainly evident in the company's bottom line.

Laredo currently maintains a staggering 85% return on equity - that's 83% higher than the industry average of 1.97.

In addition, Laredo has increased its gross profit by a robust 81%.

And it doesn't look like this growth is going to slow down anytime soon. According to analysts, Laredo's share price is likely to jump to $13.

That's a 252% increase over Laredo's current share price of $3.66 - a massive gain for shareholders.

Stocks with the potential to triple your money don't come along every day, but with the right research, you can find these gems.

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