With 2019's market uncertainty, it pays to look at penny stocks. In fact, our pick for one of the top penny stocks to buy now could soar 393%.
This level of uncertainty is no joke. With major global issues like the trade war, Brexit, and hostilities heating up in the Middle East, some analysts have a grim outlook on what's to come.
But this kind of market can potentially make double- or triple-digit gains for penny stock investors. In fact, penny stocks offer the kind of upside you won't find in bigger stocks right now.
The low prices of penny stocks can translate into large gains when there are small moves in the share prices. So, there is a greater chance that investors can achieve market-beating gains.
To find the best penny stocks to buy now, we have put the Money Morning Stock VQScore™ to work. This proprietary system allows us to find the stocks that have the greatest chance for breakout gains.
If You Aren't Investing in Startups, you could be leaving millions on the table. Those who bought Amazon from the jump saw profits as high as 14,000,000%. Sounds too good to be true, we know. Click here to see the proof...
Plus, it's found one of the top penny stocks that could rocket 393%. And we'll show you this stock in just a minute.
But first, it's important to know penny stocks are risky investments. And before you jump into this market, read our quick tips for penny stock investing.
Once you understand penny stocks, their risks, and their benefits, you'll see our top penny stock to buy today.
How to Trade Penny Stocks Profitably
The U.S. Securities and Exchange Commission defines penny stocks as those that trade for $5 or less.
Penny stocks are high-risk, high-reward investments because of this. Even with a low price tag, you have the potential for substantial gains with a small share price move.
But there is also the potential to lose big, so it's important to take precautions with these types of investments.
Essentially, you can't lose what you don't invest. A safe course of action is to only invest what you can afford to lose into penny stocks. A good rule of thumb is the 50-40-10 model. With this model, we recommend investing no more than 10% of your portfolio into penny stocks.
You should also pay close attention to the stock exchanges with penny stocks. In short, Nasdaq- and NYSE-traded stocks are safer because you know that you are investing in a legitimate business. Also, these exchanges have stronger reporting requirements.
Finally, just as with any other investment, be prepared to do some research before you invest in a penny stock. The same principles apply as with other investments. You'll want to find companies that are growing consistently as well as communicating with their shareholders.
Now that you have some tips on these investments, here is one of the best penny stocks to invest in, which could nearly quadruple your money.
One of the Top Penny Stocks to Buy Now - 393% Potential
[mmpazkzone name="in-story" network="9794" site="307044" id="137008" type="4"]
Partner Communications Co. Ltd. (NASDAQ: PTNR) is our pick for one of the best penny stocks to buy now.
Founded in 1999, Partner is a leading Israeli-based telecommunications group. It provides cellular, television, Internet, data communications, transmission, and PRI services.
With roughly 25% of the Israeli market and 2.7 million subscribers, it is a major cellular operator in the region. It was also the first to introduce 4G services in Israel.
Partner has been aggressively expanding its operations over the past three years. Since 2016, it has added an additional 79,000 mobile subscribers and 29,000 Internet subscribers. This doubled the growth and subscribers from the prior year.
While some of its expansion efforts have led to a dip in profits, Partner still reported $15.9 million in net income last year. These figures were largely due to some big partnerships it has formed over the past several years.
In 2016, the company inked a deal with Netflix Inc. (NASDAQ: NFLX) to deliver free subscription services to its customers.
The next year, it partnered with Apple Inc. (NASDAQ: AAPL), which would give its customers free access to Apple music packages.
In September 2019, Partner announced a deal with Amazon.com Inc. (NASDAQ: AMZN), giving its subscribers free access to Amazon Prime Video content.
In addition to this impressive collaboration, the company continues to expand its telecom network. It's adding fiber-optic services to tens of thousands of households throughout the country. It also introduced a television subscription service in Israel in July 2018.
In the second quarter of this year, Partner reported that its fiber-optic network had reached over 480,000 households and that it has a subscriber base for its Internet-based TV service of 170,000.
Despite ongoing competition in this market, the average revenue per user has continued to increase. And its churn rate has gone down. In fact, it's at its lowest level since 2011.
While this may be a more volatile investment as a penny stock, it also has significant potential.
Partner currently has a high price target of $22 per share. That represents a 393% upside over today's share price of $4.46.
With a 4.8 VQScore, it's no surprise.
While there is massive potential with penny stocks, there are other ways to make money through investments. Take a look at just how simple it is to begin investing in firms before they even go public...
Anyone Can Invest in Startups with as Little as $50
Angel investing used to be off-limits to the average American... but Shark Tank's Robert Herjavec said it best during this live broadcast: "The walls have finally come down. You no longer have to be rich, famous, or powerful to become an angel investor!"
Congress has now made it possible for you to take advantage of these life-changing deals.
By becoming an angel investor, you can be right there - one of the first to invest in the next Steve Jobs, the next Bill Gates, or the next Elon Musk.
And because you're there at the beginning, the upside is infinitely greater.
For so long, regular folks have been locked out... but not anymore. Click here for details...