The Best Penny Stock to Buy Today Could Pop 111%

There's a lot happening right now. On top of a worldwide pandemic, you have civil unrest and global trade disputes adding to uncertainty around the globe. The CBOE Volatility Index (VIX) could threaten to rise back above 30 after its retreat following the COVID-19 scare.

But these things don't have to stop you from making money. In fact, our best penny stock to buy today could still earn you 111% on your investment.

You see, the best penny stocks actually do well in volatile times. Their low share price - under $5, according to the SEC - makes it possible to gain huge percentages over a short period. For instance, if you buy a penny stock at $1 and it climbs to $5, that's 500%. Now, imagine putting $100 or $1,000 into one of the top penny stocks trading on the market.

Of course, even putting $10 or $20 in could make for a nice, quick payday.

That's because, whether the markets go down or up, there will likely still be people making and selling things. Sometimes, it just gets a little harder to peer through the fog and find the winners.

At Money Morning, we do that for you every week. And this week, we're eyeing a sector that's on pace to reach $216 billion in value by 2025 from $90 billion in 2018. To be clear, that's a 138% growth projection.

This sector also has a compound annual growth rate (CAGR) of 13.25%. For perspective, the average S&P 500 CAGR is 7%. So it's nearly twice the average yearly growth.

And everyone needs this company's product. In an apocalyptic situation, it might be the last thing to go...

How to Find the Top Penny Stocks

The key to finding penny stocks with extreme upside is to hone in on industries with explosive growth. As these industries grow, they help lift stocks connected to them.

And today's penny stock is plugged right into an essential sector.

Even if we were confined to our homes for the rest of our lives, this stock would stay afloat. In fact, it's going to keep climbing over the next many years.

We're talking about the website hosting industry.

Imagine If You Could Profit Every Time Someone Logged onto Facebook! Click Here to Find Out How...

Just think about how many websites exist. A few million? A few hundred million? No - 1.5 billion. And that number is only growing with time.

Nearly every business you can think of has a website. There are websites dedicated to individual people, activities, and places. Some websites might even be dedicated to a single word. As long as there are ideas, there are websites.

And that means a forever-compounding pool of real estate for this penny stock. But here's why our top penny stock to buy could pop over the next few months...

The Best Penny Stock to Buy Now

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Lots of businesses have been forced to go digital this year. Restaurants that didn't deliver before have been forced to change their models. Some have had to put up new websites.

In addition, the unemployment numbers are skyrocketing. The unemployment rate is over 23% as of last week. And some say it could hit 30% as the pandemic progresses.

That's a lot of potential freelancers and entrepreneurs, which could mean a lot of potential new websites entering the fold.

And that also means potential money for Endurance International Group Holdings Inc. (NASDAQ: EIGI). It's a family of brands that helps small businesses develop their web presence.

What's great about Endurance International is that it's not merely website hosting. It also helps businesses connect to customers using social media and e-mail marketing.

This stock has beat the S&P 500 in bouncing back from the coronavirus crash. And it has plenty of upside left.

Last year, Endurance reduced its debt by $160 million. It did this partly by selling its stake in SinglePlatform, a company that helps restaurants get their menus online. That was for $51 million.

However, it also made a key acquisition: Ecomdash. It's a broader e-commerce platform dealing in inventory and order management. This will be a great tool Endurance can use to support businesses of all kinds.

You can buy shares of Endurance International today for just $3.79. Some analysts are targeting $8 by the end of the year. That's 111% growth for today's investor.

Action to Take: The world is getting more digital with time. That means more websites. And that means money for Endurance International Group Holdings Inc. (NASDAQ: EIGI). You can buy shares for $3.79 today and possibly get a 111% return by the end of the year.

5G Was Following in the Footsteps of 4G Until the FCC Stepped In

By now, you've heard the 5G story a million times over. You've seen the billboards, you've seen the commercials, and you've seen the hype campaigns.

But there's a key reason why there hasn't been a nationwide rollout yet.

It was following in the footsteps of the 10 years it took 4G to roll out... but the FCC just stepped in with a $10 billion initiative to supercharge 5G.

Here's how to take your slice.

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About the Author

Mike Stenger, Associate Editor for Money Morning at Money Map Press, graduated from the Perdue School of Business at Salisbury University. He has combined his degree in Economics with an interest in emerging technologies by finding where tech and finance overlap. Today, he studies the cybersecurity sector, AI, streaming, and the Cloud.

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