The infrastructure proposal put forth by U.S. President Joe Biden will probably pass without a whole lot of changes. The bill creates jobs and directs billions of dollars toward badly needed upgrades to some of our nation's critical infrastructure.

Good news for you: Some of that money will end up at our best penny stocks today. This may create a chance for triple-digit gains in a matter of weeks or months.

Here's how you can take advantage of it…

Politics being what they are in D.C. these days, there will be some pushing and shoving. But eventually, money will start flowing out of Washington, D.C., to the tune of $2 trillion.

The earnings explosion for all that government cash could send these penny stock prices soaring, giving investors the opportunity for massive gains.

Billions will go toward repairing highways, roads, and bridges in this bill. These projects will require an enormous amount of asphalt to complete. And these companies will provide it.

Here are the best penny stocks to buy before money pours into infrastructure this year.

This Penny Stock Makes the Asphalt

The odds are very high that a lot of the asphalt will be moved through the terminal operations of Blueknight Energy Partners LP (NASDAQ: BKEP).

Blueknight has the largest independent asphalt terminal network in the United States. It can store a total of 8.7 million barrels of asphalt in its 53 terminals spread across 26 states.

Blueknight does not own the asphalt. It stores it for asphalt producers before it is sent onto processing or hot mix plants and then out for delivery to the end user. It provides services on long-term contracts with companies that have strong credit.

This creates a reliable stream of cash flows, a significant percentage of which are paid out to shareholders.

Blueknight recently sold off its crude oil terminal and storage business, along with its trucking operation. The deal raised $164 million, which will initially be used to pay down debt.

It is not just roads and bridges that will cause increased asphalt demand. The bill calls for updates to schools, hospitals, and government buildings, many of which will likely get new parking lots as part of the overhauls. Asphalt is also used for airport runways, many of which will get an upgrade as well.

All the new demand for asphalt will drive this stock much higher than the current quote of about $3.20.

The Penny Stock in Charge of It All

Hill International Inc. (NYSE: HIL) is in the construction and project management business and has overseen tens of billions of dollars worth of projects. Based in Philadelphia, Hill does business with federal, state, and local governments as well other national governments for the most part.

While it does business worldwide, you can be sure that it will end up consulting or overseeing plenty of contracts here in the United States once the infrastructure bill is signed into law and checks are passed out later this year.

In anticipation of the bill being signed, Hill started a new engineering and inspection services business. This will allow it to pursue major aviation, highway, bridge, and rail transit projects. These are areas that will see hundreds of billions of dollars spent under the current proposed bill.

This penny stock is at $2.60 right now. But the wave of infrastructure spending should send this stock back to new highs in 2021.

Finally, here's our top penny stock today…

The Best Penny Stock to Buy Now

President Biden's infrastructure bill also calls for enormous spending on making sure everyone in the United States has access to high-speed broadband. In addition to rolling out high-speed broadband service to rural areas, this is likely to include updating Internet systems in many schools.

That should be good news for Wireless Telecom Group Inc. (NYSE Arca: WTT). Wireless Telecom is a leading provider of specialized solutions for developing, testing, and deploying wireless communications and connectivity. It sells its products to wireless carriers, cell phone tower companies, the military, satellite communications companies, and the aviation industry.

In addition to infrastructure spending by the federal government, Wireless Telecom should also see strong cash flows resulting from the continued rollout of 5G networks across the United States.

In addition to the 5G money in the infrastructure bill, every major wireless carrier is also spending enormous amounts of money to build out 5G networks across the United States.

That's two large piles of cash that could come this company's way the rest of this year and beyond.

The infrastructure bill and the rollout of 5G are two of the biggest financial events of the year, and Wireless Telecom Group will benefit from both.

What Are Penny Stocks?

Penny stocks are shares of stock that trade for under $5. With shares under $5, penny stocks typically have a higher level of volatility, but they also have a higher potential for reward.

Historically, penny stocks traded for less than $1 per share. The Securities and Exchange Commission (SEC) modified the definition to include all shares selling below $5.

While penny stocks sell for under $5, you still might have to put more than $5 in your account if you're just getting started, as brokers often have different account minimums. It's worth investigating broker fees and avoiding offshore brokers altogether if you're just getting started investing.

Penny stocks carry a higher risk than regular stocks. These stocks are great trading vehicles but are not generally considered long-term investments. (Of course, there are always exceptions.)

While some penny stocks trade on large exchanges such as the NASDAQ or NYSE, most do not. Some penny stocks trade OTC (over the counter). OTC are how stocks trade when they aren't listed on a major exchange like NASDAQ or NYSE. This is typically where smaller companies trade when they can't meet listing requirements of a bigger exchange, like having a certain number of publicly traded shares and a certain minimum price per share.

The cons of trading stocks OTC is that they tend to have low volume, so you might not be able to get the sale price you want when you go to sell – or worse, not be able to sell at all.

Something else to watch out for is when stocks are known as "Pink Sheet listings." These are stocks that have the least regulatory oversight and liquidity. They are not required to file financial information with the SEC, so investors don't always know exactly what they're buying. This can make these companies less reliable as investments than those that have traded for years on a regulated exchange.

Researching Penny Stocks to Watch

Because penny stocks tend to be volatile, and because the companies that list penny stocks frequently do not file with the SEC, investor research and due diligence is important. It's also typically recommended to focus on penny stocks that are listed on a major exchange.

Research will help you choose which penny stocks to watch as potential "buys" to help investors meet their profit goals. When looking at penny stocks, there are several pieces of valuable information that can help.

Investors should first be familiar with the market sector that a penny stock is in as well as the industry of the company.

Investors should examine press releases and a company's announcements. These documents can provide information about new contracts, positive earnings, or, in the case of biotech, news of test results, and can forecast potential gains. This can help investors spot companies that are just formed or might be heading for bankruptcy.

Another way to research penny stocks is to look for big percent gainers. Penny stocks that are on the move are penny stocks to watch this week. And a long-term chart with the historical information of a penny stock's performance can tell you if a stock has been climbing steadily higher or been extremely volatile.

Stock liquidity is also important. Because penny stocks are usually associated with small companies and infrequent trading, they may have a lack of ready buyers in the marketplace. A lack of ready buyers means that selling stock can be difficult, and lowers the liquidity of the shares. Investors should look at a penny stock's volume to make sure there's enough daily activity should they want to sell their shares. They should also make sure that the price of the shares accurately reflects the market. A high price with not much volume is a warning sign.

Penny Stocks to Buy Now

Different industries thrive under different economic conditions. When deciding which penny stock to buy, an investor might consider if the current economic environment benefits the company's industry.

For example, penny stocks to buy now are in industries like e-learning, food delivery, tech and biotech because of the global pandemic. Tech companies are creating innovative solutions to current problems, such as how to enable employees to work more effectively from home, and these companies may be developing the next solution for remote collaboration.

Follow Money Morning for continued info on how to successfully trade penny stocks, understand the process, and get lists of penny stocks to buy this week.