Investing in 2020 will be about getting a head start on world-changing technologies reaching the public. We're going to see wild things that were mere concepts a decade ago emerge into real life – self-driving cars, 5G, and even mind-controlled technology.
And the best penny stocks will surge on growing developments in these fields too. In fact, the best penny stock to buy this week is rising with the tide already – it's got 191% growth potential right now.
But the window is closing on this penny stock. Its trading volume has increased by 38.1% since December. That means interest in it is skyrocketing, and that could jolt the price at any minute.
Of course, this stock is one to hold for the future as well. What it offers is so world-changing that it could become a staple in every society. It's capitalizing on a key trend, something everyone on earth has in common…
But we want investors to get in while the biggest, fastest gains are still up for grabs.
Penny stocks like this one move faster than the large-cap, blue-chip companies in the Dow and S&P 500. Due to their low share price – typically $5 or less – a change of a few cents can double or triple your money.
In the case of our best penny stock today, it's almost triple.
And 100% gains or more are not uncommon with penny stocks. It happens on a weekly basis.
For example, we recommended another penny stock, Senmiao Technology Ltd. (NASDAQ: AIHS) back in November. It shot up 268% just two weeks later.
Here's how we find these winners…
How We Spot the Best Penny Stock
We're able to spot the latest breakout penny stocks each time with our proprietary Money Morning Stock VQScore™ system. It uses an algorithm to read the underlying financials of thousands of stocks and find the ones that are ready to take off.
It scores the stocks anywhere between 0 to 4.9. A 4 or above means the stock has immense breakout potential.
We can narrow down the top stocks to just penny stocks by taking all of our VQ stocks with a 4 or above and looking only at those trading under $5.
Not only is our top penny stock of the week delivering one of the most-wanted products of the decade, but it also has a near-perfect VQScore to prove it.
This penny stock could earn you 191% on your money. But that's not the only way it could change your life…