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Published on 10 Jun 2022 on Insider Monkey via Yahoo Finance

15 Best Penny Stocks To Invest In


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In this article, we discuss the 15 best penny stocks to invest in. If you want to skip our analysis of these stocks, go directly to the 5 Best Penny Stocks To Invest In.

The US equity market has been volatile since the start of 2022. The Dow 30 Index extended an eight-week consecutive losing streak. Meanwhile, the S&P 500 Index was not far behind with a losing streak of seven consecutive weeks. Numerous negative developments like the Russia-Ukraine conflict, the COVID-19-related lockdowns in China, and the rising inflation in the US due to increasing commodity prices have played a key role in making investors think about potential investment opportunities.

While penny stocks do not offer the security offered by big-cap firms like  Amazon.com, Inc. (NASDAQ:AMZN), Microsoft Corporation (NASDAQ:MSFT), and Apple Inc. (NASDAQ:AAPL), they provide an opportunity for decent short-term returns due to their volatility. One such example is GameStop Corp. (NYSE:GME) which skyrocketed thousands of percentage points in 2021. Similarly, Cassava Sciences, Inc. (NASDAQ:SAVA) was also in the penny stock range a while ago. The stock recorded a gain of over 4000% between 2020 and 2021. These examples reflect the opportunity penny stocks provide investors to earn handsome returns.

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