Published on 8 Sep 2022 on Insider Monkey via Yahoo Finance
10 Best Penny Stocks to Buy in September
In this article, we discuss 10 best penny stocks to buy in September. If you want to see more stocks in this selection, check out 5 Best Penny Stocks to Buy in September.
As the stock market runs red, investors are wary about spending copious amounts of money and making huge investments amid such macro uncertainty. On the other hand, investors with limited money but high appetite for risk also look for stocks with growth potential. This is where the demand for penny stocks skyrockets. Penny stocks, with proper growth catalysts and funding, have the potential for exponential growth. These stocks can trade higher over time, realizing significant gains for stakeholders.
The S&P 500, Nasdaq, and Dow have all plunged from their highs, effectively concluding a multi-week rally. The stagnant market sentiment has led many investors to seek alpha elsewhere. This is why higher volatility investments like penny stocks are the go-to trades for many right now. Investors who can’t afford the likes of Tesla, Inc. (NASDAQ:TSLA), Microsoft Corporation (NASDAQ:MSFT), and Amazon.com, Inc. (NASDAQ:AMZN) gravitate towards penny stocks, in the hopes of significant gains.