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Markets have barely moved since April, but you don't have to be saddled with sideways returns. That's why we're showing you the top penny stocks to watch this week, including one winner to buy now.
Since April 1, the S&P 500 has not moved more than 1% in any trading session.
Meanwhile, the CBOE volatility index has fallen over 30% since March 25, a sign stocks are moving very little in day-to-day trading. The last time volatility fell this much was in October 2018 – right before stocks tanked and volatility went through the roof.
That could mean volatility hitting lows again could just be the calm before the storm. Fortunately, the best penny stocks offer the sort of upside that will pad your pockets when volatility returns.
You see, because of their low share prices, penny stocks can be huge winners when volatility spikes, generating massive returns on the smallest price movement.
That's what happened during October's volatility spike, when Inuvo Inc. (NYSE: INUV) jumped 197% at the end of the month.
Thankfully, you can lock in these kinds of returns with ease when the next wave of volatility hits – as long as you have the right penny stocks.
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After looking at last week's top penny stocks, we'll show you a penny stock that's on the verge of delivering huge returns – especially if volatility spikes…
Here are last week's top-performing penny stocks:
|Penny Stock||Current Share Price||Last Week's Gain|
|Precipio Inc. (NASDAQ: PRPO)||$0.48||79.25%|
|ZBB Energy Corp. (OTCMKTS: ESNC)||$0.009||54.17%|
|Ideal Power Inc. (NASDAQ: IPWR)||$0.63||41.48%|
|Monaker Group Inc. (NASDAQ: MKGI)||$2.37||30.53%|
|Boxlight Corp. (NASDAQ: BOXL)||$4.30||29.52%|
|Renren Inc. (NYSE: RENN)||$1.90||26.67%|
|Taseko Mines Ltd. (NYSE: TGB)||$0.74||26.25%|
|Iconix Brand Group Inc. (NASDAQ: ICON)||$1.89||23.53%|
|S&W Seed Co. (NASDAQ: SANW)||$2.99||22.04%|
|SenesTech Inc. (NASDAQ: SNES)||$1.45||21.85%|
As you can see, the low rates of volatility have suppressed the kind of gains penny stocks are typically capable of. However, that means now is a perfect time to set yourself up for when the right penny stock breaks out.
And that's why we're so excited about our top penny stock to buy this week.
It's an international holding company that could double your investment if the market moves.
And it's only trading for $2.72….