Share This Article

Facebook LinkedIn
Twitter Reddit
Print Email
Pinterest Gmail
Yahoo
Money Morning
×
  • Invest
    • Best Stocks to Buy
    • Stock Forecasts
    • Stocks to Sell Now
    • Stock Market Predictions
    • Technology Stocks
    • Best REITs to Buy Now
    • IPO Stocks
    • Penny Stocks
    • Dividend Stocks
    • Cryptocurrencies
    • Cannabis Investing
    • Angel Investing
  • Trade
    • How to Trade Options
    • Best Trades to Make Now
    • Options Trading Strategies
    • Weekly Trade Recommendations
  • Retire
    • Income Investing Guide
    • Retirement Articles
  • More
    • Money Morning LIVE
    • Special Investing Reports
    • Our ELetters
    • Our Premium Services
    • Videos
    • Meet Our Experts
    • Profit Academy
Login My Member Benefits Archives Research Your Team About Us FAQ
  • Invest
    • Best Stocks to Buy
    • Stock Forecasts
    • Stocks to Sell Now
    • Stock Market Predictions
    • Technology Stocks
    • Best REITs to Buy Now
    • IPO Stocks
    • Penny Stocks
    • Dividend Stocks
    • Cryptocurrencies
    • Cannabis Investing
    • Angel Investing
    ×
  • Trade
    • How to Trade Options
    • Best Trades to Make Now
    • Options Trading Strategies
    • Weekly Trade Recommendations
    ×
  • Retire
    • Income Investing Guide
    • Retirement Articles
    ×
  • More
    • Money Morning LIVE
    • Special Investing Reports
    • Our ELetters
    • Our Premium Services
    • Videos
    • Meet Our Experts
    • Profit Academy
    ×
  • Subscribe
Enter stock ticker or keyword
×
Join 100,000+ Like-Minded Investors Today
Twitter
Tags: Penny Stocks
Stocks: TDOC

Best Penny Stock to Buy Now Could Pop 382% on Major 2021 Trend

By Mike Stenger, Associate Editor, Money Morning • October 5, 2020

Start the conversation

Comment on This Story Click here to cancel reply.

Or to contact Money Morning Customer Service, click here.

Your email address will not be published. Required fields are marked *

Some HTML is OK

The cloud computing industry is seeing a huge shift over the next five years. According to Markets and Markets, cloud companies will be generating a total annual revenue of $832 billion by 2025. That's a whopping 212% from what it was in 2019, just $266 billion.

Our best penny stock to buy now is an opportunity to grab a piece of that. In fact, it's poised for 382% growth within the next 12 months.

Penny stocks have great upside potential when they catch the right break. The U.S. Securities and Exchange Commission defines penny stocks as any stock trading under $5.

The best penny stocks will typically pop on a good earnings report or a technological breakthrough. For example, we recommended Gogo Inc. (NASDAQ: GOGO) in July, and it's gained 217% since then.

Gogo is an example of a company on the fringes of a tech revolution. It provides Wi-Fi to airlines, and it's one of the leaders developing their 5G networks right now.

Other top penny stocks can simply gain on a market rally.

Sign up for SMS so you never miss special events, exclusive offers, and weekly bonus trades.
Of course, the direction of the market is incredibly volatile amid a global pandemic. The CBOE Volatility Index is inching close to 30, pointing to high levels of investor worry. Friction ahead of a presidential election doesn't help things at all.

But the volatility could actually be a boost for our penny stock today. Here's why...

Why It's the Best Penny Stock Today

Cloud computing is one of the most resilient trends in the market right now. More enterprises than ever need an agile cloud solution to keep functioning like normal while everyone works remotely.

Forty-two percent of the U.S. workforce had started working from home during the first COVID-19 outbreak. And many of those aren't quitting, vaccine or no vaccine.

Telework was going to be a trend with or without the pandemic. The pandemic merely accelerated it. And that's why you can expect accelerated growth from stocks geared toward remote communications.

Three stocks every investor should consider owning today, and dozens of stocks to drop immediately. Click here...

A great example of this was Teladoc Health Inc. (NASDAQ: TDOC), a stock we have talked about before. This is a company that facilitates virtual communication and records keeping between patients and doctors.

Teladoc's remote appointments soared during the peak of the lockdowns earlier this year. Its stock is now up 171% for the year.

But that company is fairly "niche" compared to our best penny stock today. It's also trading at $226... not exactly a penny stock.

The penny stock we're going to show you has a broader range of potential customers. In fact, almost every business could benefit from its services as the working world undergoes digital transformation.

Here's one of the best penny stocks to buy with 382% profit potential...

The Best Cloud Penny Stock Now

Join the conversation. Click here to jump to comments…

Mike StengerMike Stenger

About the Author

Browse Mike's articles | View Mike's research services

Mike Stenger, Associate Editor forĀ Money MorningĀ at Money Map Press,Ā 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.

… Read full bio

Login
guest
guest
0 Comments
Inline Feedbacks
View all comments


Latest News

June 5, 2023 • By Garrett Baldwin

The (Horrible) Truth About the Vienna OPEC Meeting

June 5, 2023 • By Shah Gilani

earnings
The Best Commodities Stock to Buy Right Now

June 5, 2023 • By Chris Johnson

This 'Rally" is coming to an end - here's why
Trending Stories
ABOUT MONEY MORNING

Money Morning gives you access to a team of market experts with more than 250 years of combined investing experience – for free. Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors.

QUICK LINKS
About Us COVID-19 Announcements How Money Morning Works FAQs Contact Us Search Article Archive Forgot Username/Password Archives Profit Academy Research Your Team Videos Text Messaging Terms of Use
FREE NEWSLETTERS
Total Wealth Research Power Profit Trades Profit Takeover Penny Hawk Trading Today Midday Momentum Pump Up the Close
PREMIUM SERVICES
Money Map Press Home Money Map Report Fast Fortune Club Weekly Cash Clock Night Trader Microcurrency Trader Hyperdrive Portfolio Rocket Wealth Initiative Extreme Profit Hunters Profit Revolution Quantum Data Profits Live Trading Alliance Trade The Close Inside Money Trader Expiration Trader Flashpoint Trader Darknet Hyper Momentum Trader Alpha Accelerators Weekly Profit Cycles Brutus Alerts Resource Traders Alliance

Ā© 2023 Money Morning All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning.

Address: 1125 N Charles St. | Baltimore, MD, 21201 | USA | Phone: 888.384.8339 | Disclaimer | Sitemap | Privacy Policy | Whitelist Us | Do Not Sell or Share My Personal Information

wpDiscuz