Stocks are off to a strong start to 2019, with the S&P 500 rebounding nearly 10% so far year to date. But we’re not looking for just 10% gains. We’re trying to find the stocks that can easily double your money.
That’s why we’re bringing you the 10 best penny stocks to watch this week.
Thanks to their low share price, penny stocks have the ability to deliver investors tremendous gains on a price swing of just a few cents.
For example, if you bought 500 shares of a $1 penny stock that went up just $0.50, you could capture a 50% return on your investment in the blink of an eye.
However, while the gains may seem easy, finding the best penny stock to invest in is harder than it looks.
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You see, there are over 2,800 stocks trading on the NYSE and Nasdaq for less than $5 – the U.S. Securities and Exchange Commission’s definition of a penny stock.
In order to help you identify the top penny stocks to buy right now, we’re looking at last week’s top-performing penny stocks.
You see, analyzing the top penny stocks from last week allows us to identify hot investment trends – and determine which penny stock is going to jump next.
After looking at last week’s top penny stocks, we’ll show you a penny stock that’s on the verge of delivering a return of over 372%…
Here are last week’s top-performing penny stocks:
|Penny Stock||Sector||Current Share Price||Last Week’s Gain|
|JMU Ltd. (NASDAQ: JMU)||Utilities||$2.22||133.68%|
|Aquabounty Technologies Inc. (NASDAQ: AQB)||Healthcare||$4.89||116.37%|
|Seelos Therapeutics Inc. (NASDAQ: SEEL)||Healthcare||$3.39||111.88%|
|Iconix Brand Group Inc. (NASDAQ: ICON)||Industrial Goods||$0.35||84.23%|
|Pulmatrix Inc. (NASDAQ: PULM)||Healthcare||$1.77||63.89%|
|Moxian Inc. (NASDAQ: MOXC)||Technologies||$0.76||60.59%|
|TDH Holdings Inc. (NASDAQ: PETZ)||Basic Materials||$0.90||57.72%|
|Alphatec Holdings Inc. (NASDAQ: ATEC)||Services||$2.49||54.66%|
|Tenax Therapeutics Inc. (NASDAQ: TENX)||Services||$1.99||53.08%|
|Helios and Matheson Analytics Inc. (OTCMKTS: HMNY)||Financial||$0.01||44.91%|
As last week’s returns demonstrate, penny stocks can generate spectacular returns even when the rest of the market is dipping.
And that’s why we’re so excited about our top penny stock to buy this week.
It’s a semiconductor company cashing in on the global gaming boom.
In fact, it could jump as much as 372%. And it’s only trading for $2.96…
The Best Penny Stock to Buy This Week Could Jump 372%
Laredo Petroleum Inc. (NYSE: LPI) is a natural gas and petroleum production firm based in Tulsa, Okla.
Founded in 2006, Laredo currently manages reserves in Texas’ Permian Basin equaling 215 million barrels of oil, 62% of which is natural gas.
Unlike most drilling firms, Laredo uses a drilling method known as the mechanical earth model, which uses data analysis of the earth’s geological makeup to identify the best drilling locations.
According to Laredo, this method dramatically increases the efficiency of the company’s drilling operations, saving energy and cutting costs.
This is certainly evident in the company’s bottom line.
Laredo currently maintains a staggering 85% return on equity – that’s 83% higher than the industry average of 1.97.
In addition, Laredo has increased its gross profit by a robust 81%.
And it doesn’t look like this growth is going to slow down anytime soon. According to analysts, Laredo’s share price is likely to jump to $14.
That’s a 372% increase over Laredo’s current share price of $2.96 – a massive gain for shareholders.
Stocks with the potential to triple your money don’t come along every day, but with the right research, you can find these gems.
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