Penny Stocks to Watch | Money Morning

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.

The markets are experiencing wild swings every day.

While a 20% jump in markets this week technically ended the shortest bear market ever, don't think for a second that we're passed the worst of this crisis.

We will see significant volatility in the coming weeks as concerns about credit hammer the banking sector and investors fret about the nuclear bomb that is about to hit second-quarter GDP.

With that in mind, there are still a number of stocks out there that are very intriguing as "Buy and Hold" candidates.

Penny stocks - which typically trade for $7 per share or lower - offer high-upside opportunities given the current conditions in the market.