Best NYSE Penny Stocks

Penny stocks present an exciting opportunity to make money for new investors and seasoned traders. The low cost and high volatility of penny stocks provide numerous chances for you to buy and sell your shares at an exponential rate of returns. Are you looking to diversify your portfolio with promising penny stocks? Take a look at these NYSE penny stocks that are going strong in the market.   

Quick Look at the Best NYSE Penny Stocks:

• Gerdau SA
• New Gold, Inc
• Genworth Financial
• Uranium Energy Corp
• XL Fleet Corp

Overview

Generally speaking, penny stocks are small, micro- and nano-sized companies with a quoted price of $5 or less. Many penny stocks trade over the counter on OTC Markets, where there are fewer regulations. However, not all of them do.

Penny stocks that are registered with the U.S. Securities and Exchange Commission (SEC) trade on major stock exchanges like the New York Stock Exchange (NYSE) and NASDAQ. In order to maintain a listing on a U.S. exchange, companies must maintain compliance with the SEC and the exchange’s listing standards. Because of this, stocks that trade on exchanges are more likely to have up-to-date financial information. 

If you are new to investing in penny stocks, you should be careful of “pump and dump” schemes. Company stakeholders will intentionally spread false financial information to create a gold rush for other investors to buy large share volumes of that company. Once the stock price has a significant peak, these stakeholders will sell their equity shares to make a huge profit.   

Liquidity could be a critical measure of a penny stock’s market performance as you need people who are willing to buy stocks that you sell. The low cost of penny stocks has a high potential to double or triple your money in a short span. 

If you had invested $1,000 in Ambev (NYSE: ABEV), a brewing company, trading at $2.1 on May 22, 2020, and sold it on June 6, 2020, for a trading price of $3.02, you could have made a profit of $920 in less than 1 month. However, this doesn’t always happen. You must watch the market carefully and understand when to back out of certain investments.

With the opportunity to make such massive profit margins comes equal risk to land yourself with unprecedented losses. Due to this, some investors aim for as much as a 1,000% return on their investments and end up missing their chances at lucrative rewards along the way. Managing your expectations can be the key to trading penny stocks successfully.

Best Online Brokers for NYSE Penny Stock

You can easily find penny stocks, stocks, mutual funds, exchange-traded funds (ETFs) and foreign exchange with the help of online brokers. These platforms provide insightful data to research stocks before you invest. Most of these online brokers let you trade stocks at a $0 commission rate. 

Here are our top recommendations of online brokers that can get you started on your investment journey.

Penny Stocks that Pack a Punch

Many investors have made millions by extensively trading penny stocks. Starting small has been essential to their success and you can earn such profits as well if you start investing in penny stocks early. 

Frequently Asked Questions