Penny stock investing doesn't have to involve super risky stocks
that can erase your retirement money. Penny stock recommendations
also can encapsulate low-priced stocks that are more stable,
trading at bargain prices and low valuations. These bargain
investments trade for between $1 and $3 - very cheap compared to
traditional equities. Though they are not trading for a few cents
like some penny stock recommendations, these stocks are worth the
extra share price because they have added stability.
But to be sure, these low priced stocks are still very
aggressive. That's because the biggest appeal of penny stocks to
most investors is the ability for a stock to double quickly and
deliver huger returns.
Here are 9 pricey penny stock recommendations from this week for
investors looking for low-priced picks with the ability to surge,
but more stable companies that won't collapse overnight.
Abraxas Petroleum Corp. (
AXAS
)
Industry:
Oil, gas and consumable fuels
Market Cap:
$207.4 million
This San Antonio based independent energy company is primarily
engaged in the production of oil and gas.
Abraxas Petroleum Corp
(
AXAS
) has recently seen tremendous growth, and is up +57.3% since
April. While other larger oil companies have fallen on hard
times, Abraxas has continued to improve, and currently holds a
stock price of $3.01. This penny stock has vastly
outperformed the broader markets like Dow Jones Industrial average
and the S&P, which are down -2.3% and -3.2% on the year,
respectively.
Axcelis Technologies Inc. (
ACLS
)
Industry:
Semiconductors and semiconductor equipment
Market Cap:
$164.5 million
Penny Stock
Axcelis Technologies Inc.
(
ACLS
) designs, manufactures and services the semiconductor chips used
by big-name technology companies like IBM, Intel, Texas Instruments
and Samsung Electronics. Based in Boston's North Shore, this
technology company has seen a +22% increase since January, and
currently boasts a modest stock price of $1.71. With the
introduction of a new energy implanter in late June, Axcelis has
its clients excited for higher productivity and lower costs, which
should only improve the stock's value.
Emmis Communication Corp. (
EMMS
)
Industry:
Media
Market Cap:
$82.7 million
Emmis Communication Corp.
(
EMMS
) is a media company primarily focused on radio broadcasting.
This penny stock owns and operates numerous AM and FM radio
stations in major U.S. cities including New York, Chicago and Los
Angeles. Additionally, this media company owns numerous
magazines including
Texas Monthly
,
Los Angeles Monthly
and
Atlanta Monthly
, among others. Emmis Communication's stock has made tremendous
strides in the last several months, and is up 94% since
April. While other media companies are struggling in the
radio and print industries, Emmis is clearly thriving.
Gray Television Inc. (
GTN
)
Industry:
Media
Market Cap:
$164.5 million
Gray Television Inc
(
GTN
) owns 36 television stations in 30 separate television markets
across the U.S. This Atlanta based media company works with several
major affiliates including NBC, ABC, CBS and FOX, and has also seen
large gains in 2010. Since January, this penny stock is up
66.7%, and has a current price of $2.50 per share.
Additionally, Gray Television has outperformed earnings estimates
three of the last four quarters, and looks to continue its success
in the next quarter.
ICO Global Communications Holdings Ltd. (
ICOG
)
Industry:
Wireless telecommunication services
Market Cap:
$405.6 million
Wireless telecommunication service provider
ICO Global Communications Holdings Ltd.
(
ICOG
) is a development stage mobile satellite service operator.
Despite the fact that ICO has not been able to complete any
additional satellites since December 2004, the penny stock has one
satellite in orbit, and 10 satellites currently in the production
stage. ICO has seen a 58.3% increase in stock price during
2010, and is currently selling at a price of $1.72.
Joe's Jeans Inc. (JOEZ)
Industry:
Textiles Apparel and luxury goods
Market Cap:
$119.4 million
Joe's Jeans Inc.
(
JOEZ
) is involved in the developing, marketing and design of its Joe's
products, which include denim jeans, casual wear and accessories.
Joe's sells its products through department stores, specialty
retailers, distributors and its own retail stores worldwide.
This penny stock has seen a rise of +68.2% since the start of 2010
and has outperformed earnings estimates two of the last four
quarters. Joe's is a unique retailer in that it provides
"luxury" denim products, at a price much lower than other luxury
denim competitors.
LTX-Credence Corp. (LTXC)
Industry:
Semiconductors and semiconductor equipment
Market Cap:
$395.0 million
LTX-Credence Corp.
(
LTXC
) designs, produces and markets automated semiconductor test
equipment. Its equipment is used for testing various
technological products including cable modems, cell phones, PDAs,
televisions, digital cameras and automotive electronics. The
product of a 2008 merger between LTX Corp. and Credence Systems
Corporation, this penny stock has fared well in 2010, up +69.1%
since January. Having outperformed earnings estimates each of
the last four quarters, LTX-Credence Corp is looking for another
strong showing this earnings season.
Network Engines Inc. (NENG)
Industry:
Communications equipment
Market Cap:
$110.8 million
Communications equipment company
Network Engines Inc.
(
NENG
), produces server-based platforms and appliance solutions for
information technology networks. Based in Canton, Mass., this
penny stock has seen a major rise in 2010, up $1.46, and increase
of nearly +109%. Likewise, Network Engines has doubled
earnings estimates for the past two quarters, and should remain a
strong stock after its June announcement regarding the completion
of a new frame solution which will support 4G apps.
Tower Semiconductor Ltd. (TSEM)
Industry:
Semiconductors and semiconductor equipment
Market Cap:
$274.6 million
Tower Semiconductor Ltd.
(
TSEM
) is involved with the manufacturing and design of
semiconductors. In addition to producing semiconductors for
its clients, this penny stock also provides design and technical
services for its customers. Having outperformed earnings
estimates by 367% in the last quarter, Tower Semiconductor is up
+42.3% since January. Analysts are also estimating that
Tower's revenue will continue to grow next quarter, as a $5 million
revenue increase is projected.
Vonage Holdings Corp. (VG)
Industry:
Diversified telecommunication services
Market Cap:
$457.2 million
Voice and messaging service company
Vonage Holdings Corp.
(
VG
) uses broadband networks to provide its customers with their
telephone service. With the 2009 offering of Vonage World
Mobile, customers can place calls to 60 different countries for a
monthly flat rate of $24.99. This penny stock also provides
residential services to its customers, and offers discount rates
for bundling mobile and residential services. Since January,
Vonage's stock is up $1.04, representing an increase of
+74.3%. The fact that its mobile calling application is
available for the iPhone and Blackberry makes Vonage a very strong
penny stock at the moment.
GameChanger Stocks to Build Your Wealth
- GameChangers are companies that rewrite the rules,
revolutionizing the way we live and thrive. Companies like Apple
and Dendreon. Their business breakthroughs delivered handsome
profits for savvy investors who got in early. Discover the next
generation of GameChangers you should be buying now.
Download your FREE copy of Hilary Kramer's new
report here
.