Penny Stocks To Buy According To Analysts
Whether you love penny stocks or hate them, you canât argue with the fact that big money can be made. By definition, the term itself references stocks to buy for less than $5. So even the slightest 50 cent move from the highest-priced penny stock is a near-market-beating gain.
For the most part, newer retail traders actively learn how to day trade and start by focusing on cheap stocks to watch. Since it doesnât take a whole lot of capital to buy penny stocks, theyâve become somewhat of a âgo-toâ for mom-and-pop investors. This year, in fact, has shed a lot of light on the power that these âdumb moneyâ traders can have on the stock market.
Are Analysts Right About These Penny Stocks To Buy?
Whoâs ready for another busy week with penny stocks? I know after a short week last week â and a volatile one at that â many are anticipating what to expect this week. Surely weâll see continued attention on the pandemic and vaccine data. Weâve also got the outcome of the stimulus decision. Something else thatâs becoming even more evident is the growing bullishness coming from retail traders.
Brian Culpepper, a money manager at James Investment Research, told Bloomberg, âItâs been truly amazing. Everyone just thinks the stock market is going to go, go, go,â he added. âWhether itâs herd mentality, or fear of being left behind, thatâs what youâre seeing.â
5 Penny Stocks To Buy With Up To 219% Upside According To Analysts dailyherald.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailyherald.com Daily Mail and Mail on Sunday newspapers.