Category: Best penny stocks for 2020

One of the quickest ways to find penny stocks is by looking at technical trends. While that type of action could stem from corporate developments, the name of the game is making money with penny stocks. Hopes that a coronavirus vaccine is closer and cities can start reopening have put a positive spin on things. Believe it or not, the broader markets themselves are nearing record levels once again. Needless to say, this has all translated into a great rebound in the stock market today. Where are investors looking right now?

Well there are a few sectors of interest. These include technology, health care, and financials. Will this continue being the case heading into the rest of the week? Pieris Pharmaceuticals Inc. Since then, PIRS stock has slowly but steadily made its way higher. Furthermore, this came just 1 day after reporting Q2 earnings. The company also announced a key collaboration update as well. This is for the second-line treatment of patients with HER2-positive gastric cancer in a phase 2 study.

Additionally, Pieris will present phase 1 dose-escalation monotherapy and combination with atezolizumab data for PRS in an oral presentation session at the European Society for Medical Oncology Virtual Congress in September. Colony Capital Inc. Shares of the company have worked to get back above its day moving average for the last few weeks. You might remember this from early May when we first started following the penny stock.

Just a few days ago the company reported its second-quarter results. Better than expected jobs figures have helped certain stocks.

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Aside from earnings, CLNY stock joined other real estate company stocks trading higher this month. The company segments its operations into real estate equity, real estate debt, and investment management businesses. The company specializes in disinfection and decontamination. It might be hard to believe but at the start ofshares traded around 12 cents.

This is its first-generation technology disinfection robot and will be jointly developed in Hong Kong with RV Automation Technology Co.

best penny stocks for 2020

This week could be an interesting one for TOMZ stock. August 13th is when TOMI reports its second-quarter financial results. Can it go higher or has this run come to a point of exhaustion? Aclaris Therapeutics Inc. The initial spark came after Aclaris reported Q2 earnings and gave a business update.

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We are also proud to be participating in the effort to find effective therapeutics for COVID by supporting an investigator-initiated clinical trial of ATI for cytokine release syndrome in hospitalized patients with COVID and the first subject has been dosed in this trial. Your email address will not be published. Featured Penny Stocks Watch List. Share 4. Tweet 0. Pin it 2. Up next. Share article The post has been shared by 6 people. Facebook 4.Comment on This Story Click here to cancel reply. Or to contact Money Morning Customer Service, click here.

Your email address will not be published. Sign me up for the Money Morning newsletter. Save my name, email, and website in this browser for the next time I comment. The index broke 25, this week. It's not certain if or when the rally may reverse.

We haven't been expecting a full V-shaped recovery anytime soon. But as economies reopen just in time for summer, it will give some sectors a much-needed boost over the next few months. Penny stocks in those sectors will benefit the most.

Securities and Exchange Commission. So a small move in the broad market can send some penny stocks more than doubling in price. But first, here's one making the most of the rebound…. Oil prices are up since the massive crash to negative earlier in the year. Saudi Arabia has recently announced it may continue limiting supply to keep stabilizing the price. We're also entering summer driving season in June, which will supply a bump in demand.

This is a Houston-based oil and gas services company. Helix provides a range of offshore oil production and management services. And as oil demand kicks up, so will its services. This is a company that does well when oil prices do well. This next top penny stock could be a leader in one of the most explosive new sectors on the market….

We're talking about cannabis. Marijuana stocks will be getting more attention this year as we approach the election. They've already had some catalysts driving growth, in fact. Cannabis was considered an "essential" item through the pandemic in several states. And states that hadn't legalized cannabis were forced to think of new revenue streams to deal with the cost of fighting the coronavirus. The best marijuana penny stock to keep your eye on moving forward is Organigram Holdings Inc.

This is a leading cannabis brand in Canada founded inserving both medicinal and recreational purposes. This is one of the top cannabis penny stocks to buy thanks to the fast growth it's seen in the last year. And that's only going to get bigger over the next couple months.

Best Penny Stocks Now Could Gain Up to 447%

The company just rolled out a new line of cannabis products for medical consumers called Edison. We expect that to drive new demand for the company in June. Join the conversation. Click here to jump to comments…. He has combined his degree in Economics with an interest in emerging technologies by finding where tech and finance overlap. Today, he studies the cybersecurity sector, AI, streaming, and the Cloud. Twitter Reddit.Technology stocks have often been the best place for investors to park their money.

And not just in The entire s were a spectacular decade for tech stocks, including tech penny stocks. Chart courtesy of StockCharts.

The perma-bears may be calling for an end to the good times inbut by all appearances, tech stocks should continue their bullish ways into the next decade. For starters, the trade war and the much-feared tech cold war between the U. And with the U. The U. A strong economy would be the best way for Trump to get re-elected. And putting an end to the trade war is one of the best ways to get there. For Trump, the stock market is a barometer on the health of the U.

Meanwhile, as the same old big tech stocks continue to hog the limelight, there are many lesser-known stocks that have even greater potential in The only place to find that kind of outsized gain is tech penny stocks. There are a lot of excellent penny stocks with strong fundamentals, revenue growth, and outlooks.

The company has reported strong revenue growth and it has an enviable balance sheet. Digital Turbine helps mobile apps get discovered. In November, Digital Turbine announced the financial results for its second quarter of fiscal ended September 30, Furthermore, the company has zero debt.

Most of those gains came after the company reported strong second- and third-quarter financial results. GOGO is the leading provider of in-flight broadband connectivity products and services for the business and commercial aviation industry.

The Chicago, Illinois-based company designs and develops software that allows aircraft operators to provide their passengers with Internet and entertainment services. GOGO also provides software that connects aircraft with their crew. The company currently provides broadband connectivity services to about 3, commercial aircraft and approximately 4, business aircraft. During the third quarter ofGOGO had installed 2Ku on 1, aircraft, a sequential increase of 73 aircraft.

Insome on Wall Street were predicting only modest gains for stocks in That outcome fortunately failed to materialize. Mainstream analysts have never been very good at gauging investor sentiment or psychology. Moreover, when it comes to technology penny stocks, there are always going to be some stocks trouncing the rest of the stock market. You can unsubscribe at any time. Credit Card is NOT required.The penny stocks I've been favoring most lately — namely, the junior gold and silver miners — got hammered in September, continuing the disappointing trend we all saw begin back in August after several months of major gains.

The flight to safety that boosted precious metals prices turned back to greed and consequently a selloff as investors started hoping for a return to normalcy after COVID virtually decimated the economy overnight. In my view, this is delusional. In the meantime, I'm taking a step back this month and looking at a few stocks I discussed back in February before highlighting a few new low-priced equities you might like to explore.

None of these picks are intended to get you rich quick Some of the set-ups I describe below may no longer be relevant or intact as of the time you read this article. Please conduct your own due diligence. Many stocks mentioned here were also discussed in the Peter Leeds Newsletter. Peter may own shares in some of the investments mentioned, in which case that fact will be clearly indicated.

Please note that penny stocks are notoriously volatile. When I first started talking about Rekor Systems, Inc. REKR in my newsletter, all the way back in Maythe company was just on the verge of changing its name and ticker from Novume Solutions Inc. NVMM to Rekor. Usually a name change doesn't mean a thing for a failing company and stock.

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But in the case of Rekor, a near-miraculous turnabout happened. Take note, however: trading volume for Rekor stock is low, which means that it will likely continue to see a lot of volatility ahead.

I've talked about Polar Power, Inc. Here's the story behind that explosion in prices: a peer of Polar Power named SPI suddenly received a lot of attention and four-figure gains when it announced that it was preparing to be a possible competitor to Tesla. Quite simply, Polar Power benefited hugely from that positive news flow and sentiment.

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Until there's more certainty, I believe that's where the stock should stay, barring a few possible pops here and there as we saw in July. Better Online Solutions Ltd. In February, I expressed disappointment that the stock hadn't done much since I first introduced readers to it.

Because of the market crash I'm anticipating, I think B. Better Online Solutions' best days may be behind it … for now, at least. Its most recent results were pretty weak, and I believe that the company needs to regain its footing before prices can start to jump again. Lantronix, Inc. No wonder my team and I keep returning to it.

Lantronix may be incredibly volatile due to low average trading volume, but historically it has brought my subscribers huge gains. I like Lantronix's fundamentals a lot.

The group handles everything having to do with the Internet of Thingsor IoT, a network of physical objects connected by the internet. Think home security systems, vending machines, and even "smart" dishwashers and fridges. The IoT has been around for a long time now, but it's still a burgeoning industry with a lot of room to grow, in our opinion. As of Sept. In a time of profound economic and geopolitical uncertainty, I find these numbers profoundly reassuring.

Net income is absolutely a concern here, and readers should be sure to do their due diligence on Lantronix's issues.Comment on This Story Click here to cancel reply. Or to contact Money Morning Customer Service, click here.

Your email address will not be published. Sign me up for the Money Morning newsletter. Save my name, email, and website in this browser for the next time I comment. The start of the new year is always a good time to commit to a goal of making more money.

best penny stocks for 2020

But with the bull market turning 11 and stocks near all-time highs, finding stocks that could more than double your money might seem daunting. Many of our top penny stocks in the energy sector were already anticipating a breakout due to OPEC supply restrictions and further U.

But growing Mideast tensions means this could happen even faster, on a larger scale. Our best penny stocks in come from all over. We're going to show you our favorite penny stocks from the telecom, financial, and retail sectors as well. They all have breakout potential inregardless of anything the pundits say. This stock is set to double or more in the next 12 months. A major catalyst has these shares already on the move, so click here now to get the pick — it's free! But many of these penny stocks could more than double in price over the next year.

So check out our list of the 10 best penny stocks for Then we'll show you our best penny stock pick of them all.

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Denbury Resources Inc. Right now, Denbury's largest operation spans Montana and North Dakota. With this method, Denbury uses carbon dioxide to reactivate oil wells and extract oil that was inaccessible before. This is also hugely cost-effective, trimming much of the cost that goes into setting up a new drilling site. Shareholders can benefit from how this process increases the company's bottom line. Meanwhile, Denbury has been able to beat earnings expectations for the last four consecutive quarters due to strong demand and growth.

And we're just getting started. Here's a telecom company with almost twice the growth potential and a whopping Veon Ltd. This company has several contracts with the Chinese phone company ZTE. When trade talks took a negative turn last year, ZTE's U. The United States lifting a ban on consumer electronics with the phase one deal was a step further in that direction.

If the U. That's why, with some recent headway in U.

best penny stocks for 2020

A special perk with Veon stock is that it delivers a That makes it one of the best dividend stocks in the market, which is really uncommon for a penny stock. So if you're not holding this for a quick return, you can at least collect regular income on this penny stock.

The 10 Best Penny Stocks to Buy in 2020

On Deck Capital Inc. And it's still growing. That's thanks to partnerships with some of the world's largest companies. That began in On Deck also has a referral relationship with several big-name personal finance and accounting firms like CreditKarma, Quickbooks, and Wave Accounting. But it's time to get into the really serious growth stocks.Comment on This Story Click here to cancel reply. Or to contact Money Morning Customer Service, click here.

Your email address will not be published. Sign me up for the Money Morning newsletter. Save my name, email, and website in this browser for the next time I comment. There have been countless studies showing revenue growth to be among the most important characteristics of a successful company. And it's no different with our best penny stocks to buy today. Sure, you can financially engineer short-term profit growth. But at the end of the day, if you are not selling more of your products and adding more customers, your business is not growing.

best penny stocks for 2020

Peter Lynch is one of the most successful fund managers of all time. He was always on the prowl for fast-growing companies. Lynch often said he made the most significant gains on fast-growing companies during his wildly successful year run at the helm of the Fidelity Magellan. The old saw holds when picking penny stocks as well. Companies that are adding new customers and selling more products day after day and month after month have the potential to help investors gain life-changing profits.

Let's take a look at a few. Byrna Technologies Inc. It shoots. It is not a firearm, so you can take it just about anywhere. The combination of the rounds impact and release of pepper spray, tear gas, or even a combination of the two, will disable almost all would-be attackers.

But with unrest and uncertainty growing every day, that demand is only going to keep growing, driving the stock price of this low-priced gem a lot higher. Over the last few years, BoxLight Corp.Are you looking for the best penny stocks to buy now? The extended hours before and after the market closes can be exciting times.

The idea that all penny stocks that gap up before the open or after the close will continue higher is risky. Simply put, extended hours trading has some restrictions. Through platforms like TDAmeritrade, Webull, and Robinhood, penny stocks are accessible with a few features added to a trading account.

In any case, premarket is a great time to start formulating your watch list. Once that opening bell rings, it can turn into a completely different scenario. While some penny stocks gap up and head even higher during the regular session, others drop like a rock as soon as the market opens. Some traders will keep a few rules of thumb. The other school of thought is to record premarket gappers on your watch list and then see how the stock opens during the regular session.

This having been said, are any of these penny stocks on your list to buy or avoid right now? Corvus Pharmaceuticals Inc. The company saw a massive surge back in July after announcing the initiation of a Phase 1 study of its immunotherapy approach for patients with COVID CRVS stock experienced its highest, single-day share volume of the year. This week, however, CRVS stock is back on the radar after another key development.

Miller, M. We are also exploring the potential use in combination with preventative vaccines under development by third parties to enhance and prolong immunity. The deal gives Corvus a Will that continue or will this be a repeat of what we saw back in July? Biocept Inc. But the month of August saw shares plummet. Even after reversing its price on a 1 for 10 basis, BIOC is back to being a penny stock.

Needless to say, it has caught a stronger bullish trend during premarket hours on Monday.

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The study compared its Target Selector cerebrospinal fluid testing to conventional cytology in patients with non-small cell lung cancer and leptomeningeal metastasis. The results were presented on Friday in a virtual poster at the International Association for the Study of Lung Cancer.

Kosmos Energy Ltd. One of the sectors that have remained a focus of traders is the energy sector.

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