Penny stocks, also known as Cent stocks, are a quick, easy, and inexpensive way to dip one’s toe into the share market when you don’t have a lot of money to invest. But it is not really for newbies since it requires some understanding and a decent level of knowledge and understanding of the market.
Historically, investing in penny stocks is considered a risky business, especially during volatile market conditions. But if you want to head down that path, you can maybe start by investing a small portion in a few different ones to see how it impacts your portfolio. It is, however, better to figure out how open to risk you are before doing so. After ascertaining for yourself how open to risk and volatility of the market you are, and understanding your objectives and options, you can go ahead and invest in the penny stocks that you are comfortable with. Whether you manage the stocks yourself or have a professional handle them for you, remember to always evaluate your comfort and needs when making such investments, and always study the sector or industry, before making decisions to buy or sell. That being said, here are some of the companies that are buzzing as worthy penny stock investments right now, due to the industries and sectors they do business in (pharma, food and transport, mining).
John Bean Technologies Corp: Providing materials to the food packaging industry, as well as solutions to air transport sector, this company is on the pulse of modern living, with packaged foods and air travel clearly burgeoning industries with continuing upward trajectory. So, investing in penny stocks of this company will surely offer a good return on your investment.
Hecla Mining Company: Specializing in the mining of precious minerals, the Hecla Mining Company has the distinction of being the oldest minerals stock that’s traded. And with the pro-mining attitude of the administration, that just further sweetens the appeal of investing in Hecla Mining Company’s penny stocks.
Valeant Pharmaceuticals Intl Inc.: At present the price of Valeant Pharma’s penny stock is very low, making it a good investment, since for sure as a biotech company one can expect it to rise again.
Twitter Inc.: Twitter hardly needs an introduction, and with major growth plans in the works, including bringing in half a million new user accounts, this is one of the good bets for dabbling in penny stocks.