Published on 13 Jul 2022 on InvestorPlace via Yahoo Finance
7 Top-Rated Penny Stocks to Buy Despite the Downturn
Given the stock market’s performance lately, adding penny stocks to buy (i.e. stocks trading for under $5 per share) to your portfolio may at first glance sound like not the right move. However, today’s market conditions have created a situation where there are many great penny stocks to buy.
“Great” in two ways. First, “great” in terms of their fundamentals/prospects. Each one of them earns an “A” rating in my Portfolio Grader. Second, “great” in terms of current valuation. Still down big due to market volatility, you can buy each of them today at favorable prices.
Add in the “high-risk, high-potential upside” dynamic and penny stocks, and many of these names could wind up being big winners for your portfolio.