The 10 Top Penny Stocks to Watch Will Crush Wall Street's Negativity

On Sunday (August 11), Goldman Sachs Group Inc. (NYSE: GS) released a report suggesting the U.S.-China trade war will lead to a global recession.

And believe it or not, this is great news for our top penny stocks to watch this week.

In fact, it could mean a 158% gain for our very best penny stock.

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According to Goldman's chief economist, Jan Hatzius, "fears that a trade war will trigger a recession are growing" in the wake of increased trade tensions.

That means Wall Street is on edge, and investors are throwing their money at safe havens, bonds, and cash.

But you need to remember that these conditions open a world of opportunity for stock pickers with a higher risk (and reward) tolerance.

If you know which stocks are going to survive - even thrive - in a downturn, there's no need for panic. Even under the worst economic conditions, there are still winners. You just have to look.

And you'll find that, despite signals of recession, some penny stocks are still ready to jump immediately. The only difference is there isn't a mad rush to buy. And that's just fine.

It was the same situation with last week's top penny stock, Arcadia Biosciences Inc. (NASDAQ: RKDA). The market was panicking, and it still shot up 123%.

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But that wasn't even the only penny stock with strong gains.

Here you'll find several other top penny stocks that broke out last week. But read on, and we'll show you our 158% gainer...

Penny Stock Current Share Price Last Week's Gain
Arcadia Biosciences Inc. (NASDAQ: RKDA) $4.65 123.27%
Corindus Vascular Robotics Inc. (NYSE: CVRS) $4.28 79.08%
Yangtze River Port and Logistics Ltd.

(NASDAQ: YRIV)

$0.49 66.12%
Owens & Minor Inc. (NYSE: OMI) $2.70 61.81%
T2 Biosystems Inc. (NASDAQ: TTOO) $0.94 54.22%
TherapeuticsMD Inc. (NASDAQ: TXMD) $3.10 53.47%
Paratek Pharmaceuticals Inc. (NASDAQ: PRTK) $4.65 50.97%
iFresh Inc. (NASDAQ: IFMK) $1.66 46.07%
CannTrust Holdings Inc. (NYSE: CTST) $4.40 39.65%
Iconix Brand Group Inc. (NASDAQ: ICON) $1.10 37.50%

Now, here's this week's pick - a penny stock that stands to benefit from a growing industry this year...

It's a natural gas company raking in huge returns from a rise in demand. And now it's about to surge 158% higher.

But you can pick it up right now for only $2.71...

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Best Penny Stock to Buy in August 2019

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

Founded in 2006, Laredo currently manages reserves in the Texas 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.

Laredo currently maintains a staggering 32% return on equity - bounds higher than the industry average of 1.97.

In addition, Laredo has increased its gross profits over the last year 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 $7.

That's a 160% increase over Laredo's current share price of $2.71.

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