Many investors get tired of hearing it, but it’s a fact that bears repeating. There was a time when companies like Amazon and Monster Beverage were penny stocks.
It’s hard to believe these two industry and market leaders were once afterthoughts. Most investors couldn’t have foreseen Amazon transforming from an online bookseller into a titan of e-commerce.
And Monster Beverage seemed like one of many products in the energy drink category. There was little hint that it would build such a strong base of customers and investors.
Both companies have made their early speculative investors rich. That’s the allure of penny stocks.
But for every success story, there are five or ten companies that never get beyond penny stock status. Many will even go bankrupt, leaving investors holding the bag. In 2023 alone, 18 biotechnology companies went bankrupt. That was a record that broke the previous record of eight – which was set in 2022.
In this special presentation, we’re looking at seven of the best penny stocks for investorsto consider. Some purists say a penny stock has to be less than a dollar, but we’re using the accepted definition today that a penny stock is any stock that trades for less than $5 per share.
Are there any Amazon’s or Monster Beverage’s in the current crop of penny stocks? This special presentation looks at seven stocks in various sectors that may be ready to make strong, positive moves.
These are speculative stocks, and they are subject to volatile price movement. For some, the payoff may be years away. And as attractive as the fundamentals may look, these companies are not profitable.
Earlier this year President Biden signed the death warrant for America… Executive Order 14067 will essentially cancel your money. You see Biden and the Fed have teamed up to create a controllable, traceable, programmable digital currency to replace the dollar…
