These 2 Top Penny Stocks to Buy Could Surge Up to 300%

The top penny stocks to buy aren't in sketchy companies you've never heard of. They're actually in profitable companies with real growth potential.

You see, penny stocks are notoriously volatile, and because they offer the potential for huge upside swings, investors can be duped into buying into scams or shell companies.

Penny stocks trading on over-the-counter exchanges or pink sheets where financial reporting requirements are less strict are the most risky. That's why we look for penny stocks trading on the New York Stock Exchange or Nasdaq.

This is where investors can find the best penny stocks in profitable companies with real growth potential.

Take a stock like Denny's Corp. (NASDAQ: DENN). Denny's was trading for just under $3 a share in 2010. Since then, it's exploded by more than 700% to trade for $17.64 a share today.

Or look at Sirius XM Holdings Inc. (NASDAQ: SIRI). It traded for just $0.70 in 2010. Now it's worth $5.90 a share, an incredible 778% surge.

Those are the sorts of potential gains the top penny stocks offer, and you wouldn't have to trade sketchy shell companies on pink sheets to access those gains either.

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Now, even buying penny stocks in real companies on major exchanges isn't risk-free. That's why we recommend that less than 2% of assets be devoted to speculative plays like penny stocks.

But for those willing to tolerate the risk to find explosive opportunities, we've got two of the best penny stocks you can find right now...

Top Penny Stocks to Buy Now, No. 2: ASE Technology Holding Co. Ltd.

Investors looking to buy a penny stock need to apply the same metrics as they do to other stocks. In other words, earnings and revenue growth matter the most in penny stocks and in every stock.

ASE Technology Holding Co. Ltd. (NYSE: ASX), a semiconductor firm, has outstanding earnings and growth potential that should propel the shares upward.

It raked in $838 million in pure profits last year on top of $12 billion in sales. It's grown its profits by 10% a year for the last three years in a row, and the company has boasted a profit margin over 6% for the last decade.

Trading for just $4.01 a share and at a price/earnings ratio of just 9.5, more than half the S&P 500 average, it's a steal right now.

But our top penny stock to buy now is even better.

It offers over 300% potential upside...

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Top Penny Stocks to Buy Now, No. 1: Laredo Petroleum Inc.

Laredo Petroleum Inc. (NYSE: LPI) is an oil and gas exploration company, and it's an excellent play now that oil prices are surging. WTI crude prices are already up 25% on the year and are heading even higher.

That's great news for oil and gas companies, but especially for LPI, which trades for just $3.48 a share. More importantly, it trades for just 2.5 times earnings, making it an absolute steal right now. The industry average is 25 times earnings.

A combination of rising oil prices and Laredo's value catching up to its peers could send the stock soaring.

And it's not just us who see the opportunity here.

Wall Street analysts are giving Laredo price targets as high as $14 a share, a 300% gain.

These 3 Stocks Are the Key to 2019's Greatest Profits

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We expect nothing short of historic profits by the end of the year.

But not all pot stocks will hand you life-changing wins. In fact, often the companies making headlines are least likely to see the biggest gains.

These three stocks, on the other hand, are flying under the radar... for now. Each of them could see exponential stock price acceleration at any moment, and if you get in before that happens, you could turn a token stake into a lifetime of wealth.

I don't know of any other sector providing anywhere near this level of growth now.

Click here to learn more.

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