Follow Penny Stock Alerts Start the conversation
Comment on This Story
Or to contact Money Morning Customer Service, click here.
Stocks are kicking into overdrive this week as the economy starts to reopen, with the Dow surging 3% higher in the last two days. And one of the best ways to juice your returns from this latest rally is with penny stocks.
To help you find those winning returns, we're bringing you one of the best penny stocks to buy today that's cashing in on the economic reopening.
In fact, this company will be more essential than ever as employers shift to remote work plans. That gives the stock a double catalyst since you can get a pop from the reopening and get a long-term rise as earnings grow thanks to work from home trends.
You see, because of this company's low share price, a move of just $3 in the stock's share price could net you 120% gains in a matter of days.
Compare that to the price changes we've seen in some other stocks that have popped thanks to the changes to the economy. Chewy Inc. (NYSE: CHWY) jumped by $15 a share since just March. Once traders set their eyes on a stock, especially a stock priced under $5 a share, the upside can be enormous.
Unstoppable: Our new Premium Stock Pick kept climbing while the rest of the market tanked. And as a leader in a new billion-dollar market, the gains are just getting started. Don't miss out - get this pick for free here...
That's especially true of today's best penny stock because it trades on a major exchange. One of the problems penny stock traders run into is buying penny stocks on over the counter exchanges or the Pink Sheets and finding they don't have the trading volume to make big moves. If fewer traders know where to find those penny stocks or aren't willing to trade over the counter, then your potential gains are slashed.
By targeting penny stocks on major exchanges, volume and liquidity won't be an issue.
Plus, our top penny stock has another big advantage over those other penny stocks: It's profitable...