This Top Penny Stock Could Solve Apple's Coronavirus Worries

The Dow lost 600 points when the news of COVID-19 (the novel coronavirus) first broke in early January. And the markets have been pummeled since then.

Today, the Dow could sink more than 200 points after Apple lowered investor hopes on news that its China supply chain will be affected.

But as our top penny stock today will show you, there is hope for curing the virus - and a profitable silver lining along the way.

The best penny stocks can make huge movements on just a little news. For example, BioNano Genomics Inc. (NASDAQ: BNGO) flew 107% when it sold its technology to Indiana University last year.

Today, penny stocks are even driven by a surge in volatility. The Volatility Index (VIX) is climbing up 10% today. And higher levels on the VIX mean more dramatic swings in stock prices. That can be great for some penny stocks and horrible for others.

For today's top penny stock, it's great.

We'll show you the best penny stock to grab for a 119% return in a moment. But bad news first.

Why Apple Is Worried

Apple said late last month that it expected somewhere between $63 billion and $67 billion in revenue for fiscal Q2 this year. But that has now changed.

Specifically, the company sees iPhone supply shorting due to stoppages in Chinese manufacturing from the coronavirus. It also expects lower Chinese demand over the course of the year.

However, Apple didn't mention a specific number.

The comment from CEO Tim Cook was that the $4 billion range of the projection was larger than usual to begin with. Cook said it "anticipates some level of issue," assuring investors that Apple had already accounted for losses in China.

If that was any assurance, it did not read as one. It knocked the wind out of the Dow today, 200 points and falling.

You see, Apple makes most of its iPhones in China. It has supply chains for most of its products in China. And now, Apple operations in China are trimming their schedules.

In this case, terrible news for the broader market is good news for our top penny stock today.

Here's our 119% gainer...

Why This Top Penny Stock Is Ready to Soar

Since news first broke of the coronavirus epidemic, several firms have been charged with formulating a coronavirus vaccine.

Companies like Moderna Inc. (NASDAQ: MRNA) and Novavax Inc. (NASDAQ: NVAX) specializing in fast, smart vaccines have been racing to a cure.

But one Pennsylvania-based pharmaceutical company is giving them a run for their money.

In fact, it may have just developed a preclinical vaccine in one of its San Diego labs over the weekend.

Inovio Pharmaceuticals Inc. (NASDAQ: INO) specializes in developing immunotherapy technologies to prevent infectious diseases and cancers. It used a special DNA medicine platform to design a vaccine "based on the DNA sequence of the virus," CEO Dr. J. Joseph Kim said on Friday.

There is still a long testing period ahead before it can go public. The company was already doing animal trials in early January. Kim expects tests to begin in early summer.

Shares popped 12% when Inovio announced a contract with the Coalition for Epidemic Preparedness Innovations (CEPI) on Jan. 23. They popped 15% when the company announced it had designed a vaccine on Friday.

And the average analyst expects Inovio to soar as high as $9.43 - 119% from today's $4.24.

Action to Take: News from Apple is devastating the markets. But some penny stocks swing opposite the broader markets. Buying shares of Inovio Pharmaceuticals could still mean 119% return for today's investor.

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