By Money Morning Staff Reports, Money Morning - • Print | Email
There have been many boxers that entered the ring with just a punchers chance.
They weren't the best students of the sweet science, and they often took a lot of punches from more skilled opponents.
But if they made good contact during the fight, they could beat anybody.
Penny stocks are the big punchers in your portfolio.
Maybe they don't have all the flashy traits of bigger companies, but they have the chance to outgain any of them.
By Mike Stenger, Associate Editor, Money Morning - • Print | Email
The Dow Jones Industrial Average is up 37% since the coronavirus crash.
The index broke 25,000 this week.
This is great news for the best penny stocks for June 2020.
In fact, our top penny stock to buy now could surge 180% before the year is over.
By Mike Stenger, Associate Editor, Money Morning - • Print | Email
U.S. Federal Reserve Chair Jerome Powell was on "60 Minutes" last night.
He said the road ahead would be tough, but that we’re not headed for a second Great Depression.
This is a 417% boon for our best penny stock to buy today.
By Mike Stenger, Associate Editor, Money Morning - • Print | Email
Chances are, you've ordered something online recently.
Amazon.com Inc. (NASDAQ: AMZN) had to hire 175,000 new workers to meet a surge in demand this year.
That's major fuel for our best penny stock in 2020.
In fact, this one could grow 104% in just a few months.
But it won't stop there.
We're talking about a trend set to outlast the pandemic.
It's going to transform domestic shipping as we know it...
By Mike Stenger, Associate Editor, Money Morning - • Print | Email
The economy is tanking, but the Dow Jones Industrial Average is up 29% since March 23.
And our top penny stock to buy today is still due for a 245% pop.
How does this make any sense at all?
Jobless claims have rocketed to 33 million in a matter of weeks from the coronavirus lockdown.
Meat prices are up 8% as closed packing plants have led to an oncoming shortage.
Oil prices are still in the dumps after OPEC restricted supply too little, too late – WTI Crude has lost 57% since the start of 2020.
Yet, stocks are up.
Here's why.
By Mike Stenger, Associate Editor, Money Morning - • Print | Email
The coronavirus pandemic has put the CBOE Volatility Index (VIX) daily average above 33 this year.
That's about double what it was last year.
And high volatility is great for penny stocks.
But it's even better for our top penny stock today.
This cannabis penny stock is poised to gain 445% in a matter of months.
By Money Morning Staff Reports, Money Morning - • Print | Email
The Dow Jones finished April with its strongest month since 1987 as investors poured capital into beaten-down stocks.
At Money Morning, one thing we've been focusing on is penny stocks – shares that you can buy for under $5.00 that are poised to breakout in the coming month.
Just two weeks ago, we outlined three penny stocks that have outperformed the market.
On April 19, we laid out three different penny stocks for April.
Since those recommendations, we've seen solid gains.
We're tapping into several penny stocks that are poised to breakout this month.
Here are the three best penny stocks to buy in May 2020...
By Mike Stenger, Associate Editor, Money Morning - • Print | Email
We're approaching two months of lockdown.
And we don't know how much longer this will go, but it seems like fears only increase with time.
Our best penny stock to buy today is one way to beat the fear.
The CBOE Volatility Index (VIX) daily average is at 33, more than double what it was last year at 15.
But penny stocks tend to do well in these environments.
Our top penny stock today has 98% upside potential.
By Mike Stenger, Associate Editor, Money Morning - • Print | Email
It's now likely the cannabis industry will not only last the pandemic-it could thrive sooner than we thought.
According to the National institute of Cannabis Investors, this industry is headed to $300 billion in value. That's 2,900% from $10.8 billion in 2019.
And our top penny stock to buy today could soar 137% as a result.
By Garrett Baldwin, Executive Producer, Money Morning - • Print | Email
Investors are looking for the next big opportunity as markets rebound from the ongoing COVID-19 outbreak.
And our top penny stocks to buy today are the perfect entry point.
With evidence that more Americans have developed antibodies than previously thought and questions about the models tied to the virus, we are seeing momentum slowly returning to the market.
