The bull market might be nearly a decade old, but that doesn't mean there aren't any growth stocks left to buy. That's exactly why we're bringing you the 10 best penny stocks to buy this week.
You see, while money has already poured into the most popular stocks on Wall Street, penny stocks offer quick double-digit growth potential.
For example, if you bought 500 shares of a $1 penny stock that went up just $0.50 thanks to volatility, you could capture a 50% return on your investment almost instantly.
The VQScore system is our proprietary stock rating system, and it only analyzes the 1,500 most profitable firms on Wall Street. That eliminates the scams and shell companies that plague the penny stock space.
Today we're going to show you our best penny stock to buy this week. It's a stock that could soar as much as 50%.
Before we get to our latest pick, here are last week's top-performing penny stocks:
|Penny Stock||Sector||Current Share Price||Last Week's Gain|
|Melinta Therapeutics Inc. (NASDAQ: MLNT)||Healthcare||$1.74||104.01%|
|Pernix Therapeutics Holdings Inc. (NASDAQ: PTX)||Healthcare||$0.83||84.40%|
|Top Image Systems Ltd. (NASDAQ: TISA)||Healthcare||$0.82||59.85%|
|Jason Industries Inc. (NASDAQ: JASN)||Healthcare||$2.21||58.99%|
|Maxwell Technologies Inc. (NASDAQ: MXWL)||Financial||$4.66||51.79%|
|Marathon Patent Group Inc. (NASDAQ: MARA)||Healthcare||$0.52||51.47%|
|Forward Pharma A/S (NASDAQ: FWP)||Basic Materials||$1.53||43.57%|
|Dixie Group Inc. (NASDAQ: DXYN)||Healthcare||$1.40||42.86%|
|Trevena Inc. (NASDAQ: TRVN)||Services||$1.41||39.60%|
|Alliance MMA Inc. (NASDAQ: AMMA)||Healthcare||$4.95||36.18%|
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As you can see, penny stocks are still offering money-doubling opportunities even as the broader market slows down.
And the stock we're about to show you is no exception.
It's a media company that's cornered a booming market.
In fact, its stock price could jump as much as 52%. And it's only trading for $3.29...
The Best Penny Stock to Buy This Week
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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 five major broadcast markets: Slovenia, Bulgaria, Romania, the Czech Republic, and the Slovak Republic.
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.
This is largely the result of Warner Media's increasing confidence in CETV.
CETV grew its profits by a whopping 169% between 2017 and 2018, and it's quadrupled its gross income since 2013.
And this growth is unlikely to slow down anytime soon. CETV is now developing on-demand and streaming services through its Voyo property.
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 $3.29. However, analysts believe that CETV's share price will soar in 2019.
One analyst set their 12-month price target at $5 a share, a potential 52% gain for this stock.
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