Bungie Stock Market – 5 Best Penny Stocks Under $1 to Buy Now
Bungie Stock Market – Most Popular?
These are the best penny stocks for 5- and 10-times your money and all are under $1 per share. See how to find penny stocks to buy and the five penny stocks under a dollar I’m watching.
See the stock screener I use to find the top penny stocks on Stockcard. Use promo code: bowtienation for special 10% discount https://mystockmarketbasics.com/getstockcard
Penny stock investing is a hugely popular topic here on the channel and for good reason. We’ve booked returns of 49% and 70% recently on penny stock ideas just over the last few months.
Now not all penny stocks are priced under $1 per share but that’s exactly what we’re looking at in this video. These are the best penny stocks for the highest return, the smallest companies that could produce triple-digit returns.
I’ll show you a simple stock screener to find the top penny stocks to buy now along with the fundamentals and research to narrow your list of penny stocks to only the best. We’ll start with stocks under $500 million market cap for the smallest companies with the most potential. We’ll then narrow this list to penny stocks trading for under $1 each.
I also want to screen for penny stock companies with strong sales growth, preferably over 20% sales growth annually. That’s going to find us the best growth stocks that are turning a product into cash flow. Beyond this revenue growth though, I also want to watch for companies that are able to do it on lower costs so we find those with a trend to profitability.
I do have to warn you though, there are some huge risks in penny stocks at this price. Most of these are going to be trading on the pink sheets or what’s called the over-the-counter market (OTC). There are less regulations and costs to listing on this market compared to the Nasdaq so it makes more sense for smaller companies but it’s also rife with scams and weak companies.
That’s why you have to do more than just the basic research on penny stocks. You need to find the few with strong upside potential that will survive to grow into those returns. Don’t freak out if one or two of your stock picks fail. In fact, many of these penny stocks may not be around in a year’s time. The idea is to find two or three of the best penny stocks that will produce three- and 10-times returns on your money for a strong double-digit portfolio return.
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Joseph Hogue, CFA spent nearly a decade as an investment analyst for institutional firms and banks. He now helps people understand their financial lives through debt payoff strategies, investing and ways to save more money. He has appeared on Bloomberg and on sites like CNBC and Morningstar. He holds the Chartered Financial Analyst (CFA) designation and is a veteran of the Marine Corps.