One of my favorite
simple trading strategies
for individual investors is to put your retirement money in a
growing stock. That sounds pretty straightforward, but many
investors quickly realize it's not as simple an investing strategy
as it seems - especially when it comes to finding hot penny stocks
to buy now. After all, many of the big-name stocks to buy that you
hear about every day are massive blue chips that have already seen
their biggest growth. And some of the penny stocks that are small
up-and-comers are aggressive, risky investments that could cost you
everything.
So how do you find growing stocks - and specifically for smaller
investors, the best penny stocks to buy? My advice to you is to
look closely at the numbers. That means taking a hard look at
earnings, sales and estimates for each investment you think is
worthy of your retirement money.
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Take one of my favorite penny stocks to buy,
Antares Pharma Inc.
(
AIS
). This penny stock is a leading healthcare equipment company that
focuses on self-injection pharmaceutical products and technologies,
and topical gel-based products. Though the company is not yet
profitable, it has narrowed its loss in each of the last three
quarters and has met or exceeded Wall Street expectations in each
of these periods. That's a sign of positive momentum for this penny
stock. Also worth noting is that investors everywhere have been
snatching up AIS stock - with shares up a whopping 57%
year-to-date! (By the way, antares was one of my favorite
penny stocks to buy
last week, too)
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Another great penny stock to buy is apparel manufacturer
Joes Jeans
(
JOEZ
). JOEZ stock is up more than +70% year-to-date thanks to strong
earnings and sales. Despite its premium clothing with expensive
prices, Joes Jeans has turned a quarterly profit in each of the
last four periods - including fourth-quarter profit that topped
Wall Street estimates by 400%! That's earnings growth you can take
to the bank, making JOEZ a great penny stock to buy now.
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Finally, let's look at
Tower Semiconductor
(
TSEM
). The stock is up +51% year-to-date, and is benefitting from a new
tech boom as consumers continue to snatch up high-tech electronics
even though other areas of spending are lagging. TSEM's 1Q earnings
report topped expectations by 366%, and the semiconductor stock has
seen a number of upwards revisions in recent weeks to next
quarter's numbers. That means yet another impressive earnings
surprise could be in the works as Tower Semiconductor keeps raising
the bar. (P.S. I also highlighted
Tower Semiconductor
last week as a great penny stock to buy. It's up +7% in the last
five trading days, proving I made a pretty good call!)
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You get the idea from these three examples. As you can see,
following the numbers provides the clearest reasons to buy stocks.
That goes for big blue chips, but also for penny stocks too. And
when you're searching for the best low-priced penny stocks to buy,
having concrete numbers is invaluable.
To help you build a portfolio full of some growing penny stocks,
check out these 24 picks that were all trading at less than $3 as
of this morning's opening bell.
|
Symbol
|
Company Name
|
Name
|
Market Cap (
M
)
|
|
AEHR
|
Aehr Test Systems
|
Semiconductors
|
$19.2
|
|
AIS
|
Antares Pharma
|
Health Care Equipment
|
$143.4
|
|
ACLS
|
Axcelis Technologies
|
Semiconductors
|
$179.0
|
|
CTHR
|
Charles & Colvard
|
Textiles and Apparel
|
$55.4
|
|
CHCI
|
Comstock Homebuilding
|
Household Durables
|
$34.3
|
|
EMMS
|
Emmis Communications
|
Media
|
$85.7
|
|
HPOL
|
Harris Interactive Inc.
|
Media
|
$62.5
|
|
IGOI
|
iGo Inc.
|
Computers & Peripherals
|
$47.4
|
|
IMH
|
IMPAC Mortgage Holdings
|
Real Estate Investment Trusts
|
$20.0
|
|
JOEZ
|
Joe's Jeans Inc.
|
Textiles and Apparel
|
$140.8
|
|
LMLP
|
LML Payment Systems Inc.
|
IT Services
|
$53.4
|
|
MGIC
|
Magic Software Enterprises
|
Software
|
$67.0
|
|
MNDO
|
MIND C.T.I. Ltd.
|
Software
|
$39.6
|
|
NENG
|
Network Engines Inc.
|
Communications Equipment
|
$121.8
|
|
NEWT
|
Newtek Business Services
|
IT Services
|
$47.1
|
|
OBCI
|
Ocean Bio-Chem Inc.
|
Household Products
|
$15.9
|
|
PATK
|
Patrick Industries Inc.
|
Building Products
|
$21.4
|
|
ROIAK
|
Radio One Inc.
|
Media
|
$155.3
|
|
SLP
|
Simulations Plus Inc.
|
Software
|
$34.2
|
|
SBSA
|
Spanish Broadcasting System
|
Media
|
$110.5
|
|
TIII
|
Tii Network Technologies
|
Communications Equipment
|
$21.9
|
|
TOF
|
Tofutti Brands Inc.
|
Food Products
|
$14.7
|
|
TSEM
|
Tower Semiconductor Ltd.
|
Semiconductors
|
$280.5
|
|
TTIL
|
TTI Team Telecom
|
Software
|
$44.8
|
As of this writing, Louis Navellier did not own a position in
any of these stocks in personal or client portfolios.
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