Published on 10 Jun 2022 on Insider Monkey via Yahoo Finance
15 Best Penny Stocks To Invest In
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.