The 10 Top Penny Stocks to Buy This Week

Earnings season is here. While that might mean profits for Wall Street's big companies, it typically means volatility for the rest of us.

The majority of stocks make 80% of their significant annual market moves during earnings season. Whether a stocks rises or falls can be completely arbitrary based on what part of the earnings report Wall Street focuses on.

top penny stocks to buyHowever, it's not all bad news. In fact, you can make a strong profit on this volatility by trading the top penny stocks to buy.

Because of their low share price, penny stocks can make huge gains on the smallest market move.

That's certainly the case with one of the top penny stocks this week, ATA Inc. (NASDAQ: ATAI). Last week, ATA locked in a 218% gain on high trading volume.

And it did so on just a price gain of just a little over $2 a share.

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While the top penny stocks on our list have already seen big gains, we'll also help you find the next penny stock with breakout potential.

We'll show you all about it after taking a look at last week's top-performing penny stocks:

Penny Stock Current Share Price Last Week's Gain
ATA Inc. (NASDAQ: ATAI) $3.25 218.63%
Future Fintech Group Inc. (NASDAQ: FTFT) $1.44 87.01%
Precipio Inc. (NASDAQ: PRPO) $0.40 62.81%
Vital Therapies Inc. (NASDAQ: VTL) $0.83 61.48%
Vermillion Inc. (NASDAQ: VRML) $1.44 39.81%
Navios Maritime Holdings Inc. (NYSE: NM) $4.78 37.36%
National American University Holdings Inc. (OTCMKTS: NAUH) $0.85 37.10%
ContraFect Corp. (NASDAQ: CFRX) $0.64 36.38%
ENGlobal Corp. (NASDAQ: ENG) $1.74 33.51%
Flex Pharma Inc. (NASDAQ: FLKS) $0.62 32.93%

Last week's penny stocks show the kind of gains penny stocks are making in the wake of earnings season volatility.

In order to help you cash in, we've identified a penny stock that's on the verge of delivering similar returns.

Plus, this is the rare penny stock with a dividend. That's another great way to pad your portfolio during volatile times.

It's an international banking firm with connections across the globe. And it's only trading for $3.41...

The Top Penny Stock to Buy This Week

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A major British financial institution, Lloyds Banking Group Plc. (NYSE: LYG) has offered banking services in Europe for nearly 300 years.

Lloyds employs roughly 68,000 people across the world as part of an international financial network that's valued around $60 billion.

Lloyds focuses on providing traditional banking staples such as commercial banking, pensions and insurance, and international wealth management.

After completing a complex merger in 2009, Lloyds has delivered a significant turnaround for its shareholders, growing earnings by 20% over the last two years.

And these returns show no sign of slowing down. Lloyds boosted its earnings growth to 29% between 2017 and 2018.

In fact, it's grown its profits every year since 2015, raking in a massive $5.3 billion in 2018, a 536% increase over its 2015 bottom line. That's translated into a massive 4.9% dividend yield, which is more than double the S&P 500 average.

Try to find that in another "penny stock."

Even with its massive profits and dividend payout, the stock is still trading for a fraction of what it could be. The bank currently has a price/earnings ratio just over 11 - that's nearly 40% lower than the industry average of 18.6.

Trading for only $3.41, Lloyds is a steal in this economy's robust financial sector. Wall Street analysts are predicting shares of LYG could break out over 50% higher in the next 12 months. But with a superb Money Morning Stock VQScore™ of 4.15, placing it right in the "Buy Zone," we think that's much too conservative.

LYG catching up to the industry's valuation makes more since, giving it closer to 70% upside right now.

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