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Penny stocks

Top 10 Penny Stocks to Buy This Week as Trump’s Trade War Rocks Markets

On Monday (May 6), the Dow Jones Industrial Average plunged over 470 on reports that U.S. President Donald Trump would impose tariffs on $200 billion worth of Chinese goods if Beijing failed to meet his demands by this Friday.

While the Dow managed to eke out a decent recovery over the course of Monday's trading, the CBOE Volatility Index (VIX) rocketed by 46%, hitting its highest level since late January.

This kind of volatility is great news – especially when you're looking at the top 10 penny stocks to buy this week.

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penny stocks

Top 10 Penny Stocks to Watch as Market Returns Flatten

Over the last month, markets have been quiet – too quiet.

Since April 1, the S&P 500 has not moved more than 1% in every trading session.

Meanwhile, the CBOE volatility index has fallen over 30% since March 25, indicating that stocks are moving very little in day-to-day trading.

The last time volatility fell this much was in October 2018 – right before stocks tanked and volatility went through the roof.

With market indicators suggesting some heavy volatility on the horizon, you're going to want to be prepared - by investing in the top 10 penny stocks to by this week...