Penny stock investing is a great way to diversify your
portfolio, and can also make you money when done properly.
Because of their low trading price, penny stocks can often fly
under the radar despite being very strong buys.
That's the case with these six low-priced bargains that are
trading for about $1 right now but receive my highest possible
grade - an A for Strong Buy - in my proprietary
stock ranking tool.
Let's take a look at these six penny stocks to buy now:
Spanish Broadcasting System Inc. (
Hispanic-controlled media and entertainment company
Spanish Broadcasting System Inc.
) operates 21 radio stations and two television stations in the
U.S. and Puerto Rico. SBSA also owns and operates
LaMusica.com and Mega.tv, along with websites for its various
radio stations. This penny stock has had a productive 2010,
and is up 43.6% since the beginning of January.
Additionally, SBSA's stock has boasted an impressive 52-week
change of 522%.
Newtek Business Services Inc. (
Newtek Business Services Inc.
) provides business services to the small and medium sized
business market. This holding company allows businesses to
obtain electronic payment processing, ecommerce services, Web
hosting, Web design and development, business lending, accounts
receivable financing, insurance services and payroll. This penny
stock has performed well in 2010 and is up 23.5% year-to-date,
which has analysts pleased.
RF Monolithics Inc. (
RF Monolithics Inc.
) designs, develops and manufactures technology-enabled wireless
connectivity products for its clients. RFMI's stock has
been up and down throughout 2010, but currently has a
year-to-date increase of 29.3%. Additionally, in its last
income statement, RF reported a 33.5% quarterly revenue growth
Tower Semiconductor Ltd. (
Tower Semiconductor Ltd.
) is a manufacturer of semiconductors. In addition to
producing semiconductors, this penny stock also provides design
and technical services for its customers. Tower has made
large strides throughout 2010, and has seen a gain of 46.4% since
January. Having outperformed its last earnings estimate by
367%, Tower has become a very strong penny stock in 2010.
Comstock Homebuilding Cos. Inc. (
Comstock Homebuilding Companies, Inc.
) is a real estate development company that builds for-sale
residential and mixed use products. Comstock builds a
variety of properties, including single-family homes, townhouses,
mid-rise condominiums, high-rise multi-family condominiums and
mixed-use (residential and commercial) developments. This
penny stock has seen huge gains in 2010, and currently has a
year-to-day return of nearly 89%.
Manhattan Bridge Capital Inc. (LOAN)
Manhattan Bridge Capital, Inc.
) is a financial service company providing short term secured
non-banking commercial loans, to small businesses. One of
Manhattan Bridge's subsidiaries, DAG Interactive, operates a
website that allows retail businesses and other service providers
to reach customers and clients for their goods and services in an
effective way. With a 50% gain since the start of 2010,
Manhattan Bridge Capital is currently a very strong penny
About Portfolio Grader:
Every Sunday, renowned growth stock adviser Louis Navellier
runs a fundamental analysis on the top 5,000 Wall Street
companies. Armed with this research, Navellier offers a rating
for each company reflected as a simple letter grade, with A
being "strong buy" and F being "strong sell."
Portfolio Grader's stock data is free and open
to the public, and can be accessed online here