The 3 Top Penny Stocks to Buy Now with 488% Return Potential

Penny stocks have gotten a lot of attention from the media this year. We have seen Robinhood investors drive some ridiculous moves in low price stocks that ended badly when reality interceded... One of the best examples this year is Eastman Kodak Co. (NYSE: KODK). The stock went from being an irrelevant $2.10 bankrupt company on July 24, to as high as $60.00 per share just five days later on July 29. This insanity was driven by speculative retail investors who probably didn't start buying until Kodak was $10 or more... And if they haven't exited the position yet, they're sitting on some pretty hefty losses now that KODK is only trading for about $8 per share. All that being said, this does not mean we should quit looking for low priced stocks with the characteristics that could lead to massive gains. When these low-priced stocks begin to move, and the big institutional money realizes these are real companies with growing profits and sound balance sheets, their buying pressure can drive the shares higher than you ever imagined... Read more... To get full access to all Money Morning content, click here About Money Morning: Money Morning gives you access to a team of ten market experts with more than 250 years of combined investing experience – for free . Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors. Disclaimer: © 2020 Money Morning and Money Map Press. All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. 16 W. Madison St. Baltimore, MD, 21201. The post The 3 Top Penny Stocks to Buy Now with 488% Return Potential appeared first on Money Morning - We Make Investing Profitable .