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One of the best penny stocks to buy, Gogo Inc.
(NASDAQ: GOGO) banked some traders 360% profits as the company made breakthroughs in the airline wi-fi business.
The stock went from $2.91 to a peak of $13.40 in less than 6 months.
Today, we're going to uncover the next massive growth opportunity in penny stocks.
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A great way to catch penny stocks before they double or triple is to watch for insider buying.
Imagine you're CEO of a company.
You probably own a lot of shares in that company.
That means, if the stock rises, you're looking at a sweet gain.
But what could prompt you to buy even more of the stock?
These executives expect great things to happen for the company and the stock, so they want the only thing that makes sense when you expect huge profits – more shares.
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Interest in penny stocks exploded last year during the lockdown and has continued even with the end of the pandemic in sight.
Especially now that the economy is opening up, the best penny stocks are ready to ride another broad market bull run.
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Investing in clinical stage biotech companies can lead to unimaginable profits.
In fact, one of these penny stocks from the biotech sector has a chance at 130% growth.
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Our best penny stocks today are about to get a $1.9 trillion catalyst this month that could double their share prices.
Congress is about to inject another $1.9 trillion into the economy, including $1,400 stimulus checks, and low-priced stocks are primed to be the big winners of the cash injection.
We saw a surge of cash when the $600 stimulus checks were mailed a few weeks ago.
It is only a matter of time before that $1,400 hits most Americans' accounts.
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The best penny stocks have one thing in common: revenue growth.
This is true for all types of stocks, but especially true when it comes to investing in low-priced stocks.
As we know, penny stocks can be the land of hype sometimes.
Rumors and social media posts can push these stocks higher, but there's no substitute for stone cold financials.
Using revenue growth as our yardstick, we can mine the gems in the trash pile and find those with the potential for enormous gains.
That's why we've dug into the balance sheets of some of the top penny stocks to uncover those with real potential.
Here are three of the best penny stocks to buy right now...
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This could be the breakout year investors have been salivating over for months.
The combination of stimulus packages from Congress, low-interest rates, and widespread vaccination could get the economy roaring as the year progresses.
Most economists are now suggesting that 2021 will have the highest growth rate since 1984.
That economic turnaround is going to do wonders for the stock market, and the best penny stocks could see prices surge higher.
After all, their share price under $5 means even a small move in price can translate to big percentage gains for shareholders.
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Penny stocks are off to a great start in 2021.
And they're just getting started.
We saw some tremendous gains in January, which traditionally bodes well for the rest of the year.
Today's best penny stocks have the potential to double your money.
Specifically, our top penny stock could see a 101% pop in the near future.
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We are told consistently by mainstream media and the fee-driven asset management community that all penny stocks are bad.
That’s simply not true.
Some are hapless speculations, to be sure.
Some are overhyped promotions.
Some are dying companies on their way to the stock market boneyard.
But there are always some low-priced stocks that have the potential for extraordinary gains.
In fact, our best penny stock to buy today has 197% after its latest breakthrough.
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Rather than catching penny stocks on a quick jump, you want to look for trends that could stick around for a while.
For instance, our best penny stock today is a company working on cloud computing and smart cities.
Grand View Research expects the smart cities market to be worth $463.9 billion by 2027.
That would be a 457% gain from $83.9 billion in 2019.
Before that, however, this stock could nearly double within the next 12 months.
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