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Best 5G Penny Stocks Right Now

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The penny stock market is like the minor leagues in professional baseball. In this space, former high- and mid-priced stocks compete for the possibility of returning to a higher level. Also, it is where new stocks vie for a big break. 

The emergence of 5G — 5th generation — communication technology has energized investor interest in 5G penny stocks. Any company with a connection to super-fast 5G communication technology has a chance of sharing in the growth. Are you interested? Here is a list of 5G penny stocks with great growth potential.

Highlighted 5G Stocks

  • Nokia (NYSE: NOK)
  • ASE Technology Holding Co (NYSE: ASX)
  • BlackBerry (NYSE: BB)
  • Cheetah Mobile (NYSE: CMCM)
  • Wipro Limited (NYSE: WIT)
Symbol Company % Change Price Invest
NOK Nokia
+ 0.38%
$3.97 Buy stock
ASX ASE Technology Holding Co
– 1.43%
$4.15 Buy stock
BB BlackBerry
+ 3.67%
$4.95 Buy stock
CMCM Cheetah Mobile
– 1.53%
$1.93 Buy stock
WIT Wipro
+ 0.53%
$4.76 Buy stock

Overview: 5G Penny Stocks

Investors once considered penny stocks to be any security trading under $1. The Securities Exchange Act of 1934 changed that. The Securities Exchange Commission used this law to establish the penny stock trading rules and set the penny stock price classification at $5 and under. You can trade these stocks over the counter (OTC) or through any of the major exchanges. 

Penny stocks’ low prices allow easy acquisition. This helps investors control their risk while gaining exposure to possible exponential gains. In many cases, you can buy 5,000 shares of a penny stock for $200 — $0.04 per share. A $0.20 per share increase would give you a 500% profit or $1,200. If the company goes bankrupt, you only lose $200. 

Installing 5G super-fast networks has the power to boost the fortunes of technology and telecom companies — big and small. Penny stocks provide investors a low-cost way to share in this growth. 

Trading in the penny stock market, however, can be highly risky. Relying on luck and tips is a strategy for failure. 5G penny stock trading requires you to be as informed as you can.

Best Online Brokers for 5G Stock

Finding relevant information on certain 5G penny stocks can be challenging. By providing extensive research material and historical data, online brokers can help you improve your due diligence. Here’s a list of some of the best online brokers.

Commissions
$0
Account Minimum
$0
Get started securely through Webull’s website
Commissions
$0
Account Minimum
$0
1 Minute Review

Webull, founded in 2017, is a mobile app-based brokerage that features commission-free stock and exchange-traded fund (ETF) trading. It’s regulated by the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA).

Webull offers active traders technical indicators, economic calendars, ratings from research agencies, margin trading and short-selling. Webull’s trading platform is designed for intermediate and experienced traders, although beginning traders can also benefit.

Webull is widely considered one of the best Robinhood alternatives.

Best For
  • Active traders
  • Intermediate traders
  • Advanced traders
Pros
  • Commission-free trading in over 5,000 different stocks and ETFs
  • No account maintenance fees or software platform fees
  • No charges to open and maintain an account
  • Leverage of 4:1 on margin trades made the same day and leverage of 2:1 on trades held overnight
  • Intuitive trading platform with technical and fundamental analysis tools
Cons
  • Does not support trading in options, mutual funds, bonds or OTC stocks
Commissions
$0
Account Minimum
$0
Get started securely through TradeStation’s website
Commissions
$0
Account Minimum
$0
1 Minute Review

TradeStation is for advanced traders who need a comprehensive platform. The brokerage offers an impressive range of investable assets as frequent and professional traders appreciate its wide range of analysis tools. TradeStation’s app is also equally effective, offering full platform capabilities.

Best For
  • Advanced traders
  • Options and futures traders
  • Active stock traders
Pros
  • Comprehensive trading platform and professional-grade tools
  • Wide range of tradable securities
  • Fully-operational mobile app
Cons
  • Confusing pricing structure to leave new traders with a weak understanding of what they pay
  • Cluttered layout to make navigating TradeStation’s platform more difficult than it should be
Commissions
$0 $6.95 for OTC Stocks
Account Minimum
$0
Get started securely through TD Ameritrade’s website
Commissions
$0 $6.95 for OTC Stocks
Account Minimum
$0
1 Minute Review

This publicly listed discount broker, which is in existence for over four decades, is service-intensive, offering intuitive and powerful investment tools. Especially, with equity investing, a flat fee is charged, with the firm claiming that it charges no trade minimum, no data fees, and no platform fees. Though it is pricier than many other discount brokers, what tilts the scales in its favor is its well-rounded service offerings and the quality and value it offers its clients.

Best For
  • Novice investors
  • Retirement savers
  • Day traders
Pros
  • World-class trading platforms
  • Detailed research reports and Education Center
  • Assets ranging from stocks and ETFs to derivatives like futures and options
Cons
  • Thinkorswim can be overwhelming to inexperienced traders
  • Derivatives trading more costly than some competitors
  • Expensive margin rates

Features to Look For in 5G Stock

  • Earnings per share: Many 5G penny stocks have poor earning-per-share numbers. However, this metric is a good way to access the strength of the 5G company. It earmarks the amount of money available to pay shareholders after discounting all expenses, taxes and deductions. The calculation for the earnings per share is the net income minus the preferred stock dividend divided by the outstanding stockholder shares.
  • Transparency: When investigating a penny stock, get accurate information. Exchange-traded penny stock companies must meet minimum listing standards. However, over-the-counter (OTC) traded companies have no minimum requirements. Some of the companies haven’t built a track record yet. Others may have products in the development stages. Either way, your risk factor tends to be lower with transparent 5G penny stocks. 
  • Net revenue: Net income is a sound financial measure of success for a 5G stock. It is the amount of revenue remaining after you subtract all deductions, taxes and costs. Many times, it is the most solid metric you can find for many 5G stocks. Net income can give you a good indication of a penny stock’s past performance. But, it only hints at how a stock will do in the future. Use it with other factors. 

5g Stocks to Watch Out for This Year

As the 5G rollout continues, these 5G stocks show promise of moving up the charts. 

Nokia (NYSE: NOK)

Nokia offers software, services, network equipment and licensing opportunities to customers worldwide. This Finland-based company is a front runner in the development and deployment of 5G networks. It has 2 main business-to-business customers: communication service providers and enterprise companies. 

Enterprise companies develop, sell and install business software. The communication service providers support over 6.4 billion subscriptions to Nokia’s radio network — the enterprise customers have launched over 1,300 industrial networks throughout the world. 

With 93,000 employees worldwide, this company intends to use its global 5G acquisition strategy to become the leader in the industry. Part of this strategy is the addition of award-winning Bell Labs.  This acquisition has an unrivaled history of technological breakthroughs including lasers, UNIX and transistors. 

Nokia’s 2019 year-end net income was  $1.85 billion — the earnings per share was $0.11. 

Symbol Company % Change Price Invest
NOK Nokia
+ 0.38%
$3.97 Buy stock

ASE Technology Holding Co (NYSE: ASX)

ASE Technology Holding Co is a joint venture of Advanced Semiconductor Engineering and Siliconware Precision Industries. The company provides semiconductor manufacturing services in assembly and testing. Also, it does IC packaging and electronic manufacturing services. ASE aspires to offer advanced technical support to companies and organizations with 5G applications.

This Taiwan-based company has plants and offices in China, the U.S., Japan, Malaysia and Singapore. It has over 92,000 employees. ASE Technology’s year-end net revenue for 2019 was $16.8 million — up 4.1% from 2018. It posted an earnings per share of $3.96.

Symbol Company % Change Price Invest
ASX ASE Technology Holding Co
– 1.43%
$4.15 Buy stock

BlackBerry (NYSE: BB)

BlackBerry is a leading provider of end-to-end mobility solutions. This includes artificial intelligence (AI), cybersecurity and the Internet of Things. The Internet of Things defines the process of connecting any type of device to the internet — including laptops, alarms systems and mobile gadgets. Today, BlackBerry has secured 500 million endpoints. An endpoint is any device customers use to communicate with a network.

To meet growing consumer demand, BlackBerry has an extensive partnership program for enterprise companies. The partners have access to BlackBerry’s vast technological resources. The Canadian based 5G company operates in 30 countries. BlackBerry’s 2019 year-end net income was $93 million.  It recorded $0.17 earnings per share.

Symbol Company % Change Price Invest
BB BlackBerry
+ 3.67%
$4.95 Buy stock

Cheetah Mobile (NYSE: CMCM)

This Beijing, China, industrial internet firm concentrates on consumers seeking to upgrade their homes and public spaces for 5G and the artificial intelligence (AI) era. Using AI and robotic technology, Cheetah Mobile makes and sells AI empowerment systems and robot devices designed to improve human-machine interaction, analytics and data management. 

Cheetah Mobile proprietary voice, vision and multimodal technologies form the basis for smart home appliances, smart public services and smart customer services. It develops and markets voice-based service bots capable of greeting customers, providing information, vending and data delivery. 

Cheetah Mobile’s systems have over 3 million voice interactions per day. For the 4th quarter 2019, this 5G company took a net income loss of $125 million. However, Cheetah’s stock price remained steady in the $3.50 range. The company posted a $-0.09 earnings per share.

Symbol Company % Change Price Invest
CMCM Cheetah Mobile
– 1.53%
$1.93 Buy stock

Wipro Limited (NYSE: WIT)

Wipro Limited is a global information technology company that offers consulting and business services. This company helps its clients adapt to the 5G era with the strength of robotics, cloud technology, cognitive computing and hyper-automation. With over 175,000 employees, this company services clients across 6 continents. 

This penny stock company operates within 26 industries — including aerospace and defense, health care, consumer electronics, retail and consumer electronics. As a result, it has many revenue streams. Wipro’s headquarters are in Bengaluru, India. Its net income for 1st quarter 2020 was $1.29 billion — 8% higher than the year before. The company reported earnings per share of $0.22.

Symbol Company % Change Price Invest
WIT Wipro
+ 0.53%
$4.76 Buy stock

Biggest 5G Penny Stock Movers of the Day

Being on the lookout for a promising 5G stock on the movers of the day list is a good idea. It may be its first sign of potential.

Gainers

Session: Sep 21, 2020 4:00 pm – Sep 22, 2020 3:59 pm
Symbol Open Close Change Change % Volume
Buy BB Stock – Trade for Free BB
BlackBerry
4.77 4.95 0.18 3.66% 3.18M
Buy GPRO Stock – Trade for Free GPRO
GoPro
4.09 4.15 0.06 1.34% 2.28M
Buy WIT Stock – Trade for Free WIT
Wipro
4.74 4.78 0.05 0.95% 1.77M
Buy NOK Stock – Trade for Free NOK
Nokia
3.96 3.98 0.03 0.66% 14.09M

Losers

Session: Sep 21, 2020 4:00 pm – Sep 22, 2020 3:59 pm
Symbol Open Close Change Change % Volume
Buy CMCM Stock – Trade for Free CMCM
Cheetah Mobile
1.96 1.93 -0.03 -1.54% 87.04K

Qualities of a 5G Penny Stocks Investor

The penny stock market can be treacherous for the unprepared and reckless. It takes an investor with a high-risk tolerance to trade these securities. Developing a good risk management strategy will serve you well. With the proper preparation, you can use 5G penny stocks to gain exposure to the growth potential of the 5G era.

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