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Jan 14 2020

Best penny stocks april 2019

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Best penny stocks april 2019-In times of market turmoil, a sense of adventure and openness may help careful, thoughtful investors find shelter in the storm.

Penny Stocks to Watch for October 2019

Are you feeling confused about the general state of the global economy these days? Don’t worry; you’re not alone. Even the professionals at the major financial media outlets and investment banks seem deeply divided on which way the world’s going, with some calling for a severe market correction or worse and still others forecasting a continuation of the bull run characterizing the American markets’ performance over the past decade. As I talk about on the Peter Leeds YouTube channel, I’m convinced that recession is already here. Not just in North America either. In Germany, the largest economy in Europe, the manufacturing Purchasing Managers’ Index (PMI) dropped all the way to a miserable level of 41.4 in September from 43.5 in August. At this rate, the Eurozone should find itself in the midst of a recession any day now. Even amid all this confusion and market turmoil, however, my team and I believe that there are plenty of great opportunities out there for diligent investors. For some cautious investors, recession will mean playing it safe by lavishing money on stakes in the blue-chip companies. But we would argue that massive potential upside can also be found in some of the unlikeliest contenders. Yes, that means the lowly and much-maligned penny stocks, including some of the undervalued and overlooked low-priced equities you’ll read about below. Patience, due diligence, and a high tolerance for risk, balanced with a cautious and judicious usage of stop-loss levels – all will be your most valuable tools as you embark on your investing journey. And while penny stocks will likely test your investing skills, they may equally bring great rewards in these trying times.

Penny Stocks to Keep Watching

Many of the stocks mentioned below were also profiled, traded, or otherwise discussed in the Peter Leeds Newsletter. As well, Peter may own shares in some of the investments mentioned, in which case that fact will be clearly indicated. (See below for an additional disclaimer regarding penny stocks.)

Perceptron, Inc. (PRCP)

Overall, 3D metrology solutions provider Perceptron, Inc. (PRCP) has been a nice performer for subscribers of my Peter Leeds newsletter, netting a 45% gain at its peak since I first profiled it as one of my Hot List picks. As of the third week of September, Perceptron stock was continuing its merry way upward, climbing all the way to $5.40 soon after its earnings came out. While the stock currently seems to be taking a breather (with prices dropping to around $4.80 since Sept. 20), I’m pretty confident that Perceptron will resume its positive momentum again shortly. It isn’t rocket science. After all, with 3,400% growth in earnings per share (EPS) expected for the company next year, it’s looking as if the market is finally going to have to stand up and pay attention to Perceptron, in my opinion.

Blink Charging Co. (BLNK)

Blink Charging Co. (BLNK) was one of our Penny Stocks to Watch from June, and shares of the electronic vehicle charging company have seen a triumphant climb of approximately 65% year to date. Despite a multitude of positive news releases about Blink Charging’s expanding footprint in Israel and Greece, however, growth has been slightly more muted lately, with share prices up only around 6% over the past month and approximately 10% over the past quarter. Nevertheless, I’m still really liking Blink Charging as a long-term hold – and I think investors with patience to spare may find the company to be an intriguing proposition.

Lightbridge Corporation (LTBR)

As of the time I was writing this report, nuclear fuel technology company Lightbridge Corporation (LTBR), one of my Penny Stocks to Watch from September, was up around 14% over the month. That’s not quite the sizeable gain I envisioned – but it’s a start, and I typically like to wait at least six months to see how a stock’s performance plays out. Interestingly, in the third week of September, Lightbridge announced in a press release (alongside its joint venture partner Enfission, LLC) the “successful demonstration of the manufacturing process and fabrication of Lightbridge Fuel™ surrogate rods in a length that could be usable in NuScale Power’s small modular reactors (SMR). The demonstration included the production of several coextruded rods using an internally developed and patented coextrusion process. The fuel rod design is expected to increase core performance, extend core life, lessen the number of refueling outages, and offer reduced levelized cost of electricity.” This is exciting news, indeed, and I’m hoping that it will bring Lightbridge stock closer to the $1 level over the next few weeks.

buy HyreCar Inc. (HYRE) at $8 back in the spring of this year, not too long before prices sank all the way down to around $2.65 as of the time I was composing this report. In the past month alone, the stock has dropped around 20%, begging the all-important question: is it time to bid HyreCar stock adieu? I continue to be a fan of the central concept behind HyreCar: namely, it rents out cars that are not currently being used to people who want to drive for Lyft, Inc. (LYFT) or Uber Technologies, Inc. (UBER). With a global recession on the way and the gig economy becoming an increasingly common way to earn some spare cash, my team and I think the idea is nothing short of genius. So far, the market hasn’t agreed too much with me (although I note that investment analysts have given HyreCar a target price of $8.81, suggesting potential upside here of approximately 230%. I wouldn’t be surprised, however, if HyreCar stock prices continued to drop over the month of October. In my opinion, the company needs to get the word out about HyreCar’s services and release some news that will capture the market’s attention for once and for all. Luckily, with a zero debt-to-equity ratio and decent quick and current ratios at 2.50, HyreCar appears to have some time to figure things out. If its leadership is able to get more visibility, then I think shareholders could look very smart six months to a year from now.


Best penny stocks april 2019


Written by CIA

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