If you want to knowhow to profit from penny stocks in 2017, you have to know how to conduct research to spot shady companies. Today, we’re going to show you one of the most important tips for easily identifying safe penny stocks this year.
VideoThe 3 Best Strategies for Trading Penny Stocks Today
Penny stocks attract investors because they offer triple-digit returns, sometimes in just a matter of days. One such example is Dar茅 Bioscience Inc. (Nasdaq:DARE), a women’s healthcare company whose stock rocketed from $4.44 on June 30 to $11.30 on July 5. That’s a 154.5% profit over just four sessions.
But there are instances when big penny stock gains stem from dishonest or fraudulent activity. For instance, shares of Cynk Technology Corp. (OTCMKTS:CYNK), a shell company with zero revenue and zero assets, skyrocketed 24,900% in 2014, from $0.06 to $15.
The U.S. Securities and Exchange Commission (SEC) ultimately found Cynk to be an illegal pump-and-dumpscheme. The agency ended up sentencing a California stock promoter named Gregg Mulholland to 12 years in jail for spearheading the scam.
Hot Penny Stocks To Watch For 2018: Atlas Air Worldwide Holdings(AAWW)
Advisors’ Opinion:
- [By Paul Ausick]
Amazon leased 40 planes from Air Transport Services Group Inc. (NASDAQ: ATSG) and Atlas Air Worldwide Holdings Inc. (NASDAQ: AAWW). Each carrier is supplying 20 Boeing jets to Prime Air.
Hot Penny Stocks To Watch For 2018: BioDelivery Sciences International Inc.(BDSI)
Advisors’ Opinion:
- [By Lisa Levin]
In trading on Tuesday, healthcare shares fell 0.48 percent. Meanwhile, top losers in the sector included MannKind Corporation (NASDAQ: MNKD), down 10 percent, and BioDelivery Sciences International, Inc. (NASDAQ: BDSI) down 10 percent.
- [By Jim Robertson]
On Friday, our Elite Opportunity Pronewsletter suggested small cap specialty pharmaceuticalstock BioDelivery Sciences International (NASDAQ: BDSI) as a bullish/long trade:
Hot Penny Stocks To Watch For 2018: Tyson Foods Inc.(TSN)
Advisors’ Opinion:
- [By WWW.THESTREET.COM]
On Monday, Cramer said, he’ll be looking out for Tyson Foods (TSN) , Jack in the Box (JACK) and Palo Alto Networks (PANW) . Tyson is good, but out of favor, Cramer said while remaining bullish on Jack and Palo Alto.
- [By WWW.THESTREET.COM]
Cramer recalled buying Tyson Foods (TSN) for the trust in 2015 after the company acquired Hillshire Brands in 2014. The thinking was to get in early before others realized how transformative the merger would be.
- [By Peter Graham]
A long term performance chart shows Bob Evans Farms breaking out while a comparison to possible peers in the remaining core business shows the stock had underperformed large caps Hormel Foods Corporation (NYSE: HRL) andTyson Foods, Inc (NYSE: TSN) and mid cap Pilgrim’s Pride Corporation (NASDAQ: PPC) when it was still in the restaurant business:
- [By Peter Graham]
A long term performance chart shows shares of small cap Sanderson Farms doubling in value while mid cap Pilgrim’s Pride Corporation (NASDAQ: PPC) and large cap Tyson Foods, Inc (NYSE: TSN) have been even better performers albeit shares are below their peaks and have been somewhat volatile:
- [By Elizabeth Balboa]
It’s the same mentality that drove Tyson Foods, Inc. (NYSE: TSN), known primarily for its poultry, beef and pork products, to invest last year in pea protein company Beyond Meat, which produces vegetarian burgers.
Hot Penny Stocks To Watch For 2018: Sirius XM Radio Inc.(SIRI)
Advisors’ Opinion:
- [By Peter Graham]
A long term performance chart shows Pandora Mediapeaking in 2014 before heading back to where it started while other streaming media stocks such as large cap satellite radio stockSirius XM Radio Inc (NASDAQ: SIRI) has performed better and InternetTV stock Netflix, Inc (NASDAQ: NFLX) has been a homerun:
- [By Rick Munarriz]
There are a lot of people betting against Sirius XM Radio (NASDAQ:SIRI)these days, even as the stock is hitting 10-year highs. There were 280.1 million shares of Sirius XM sold short at the end of 2016, just below the late-November peak of 285.1 million shares but nearly double the short interest that we were seeing a year ago.
- [By Jon C. Ogg]
The long saga regarding Pandora Media Inc. (NYSE: P) has finally come to a head. Well, maybe. Rather than KKR & Co. L.P. (NYSE: KKR) investing $150 million, Sirius XM Holdings Inc. (NASDAQ: SIRI) will be investing up to $480 million in the streaming music rival. With its ticketing unit sale taking place as well, it might seem that Pandora is getting a great deal and helping to bolster its books.
Hot Penny Stocks To Watch For 2018: Archer-Daniels-Midland Company(ADM)
Advisors’ Opinion:
- [By WWW.MONEYSHOW.COM]
Aflac (AFL) — yielding 2.5%
Archer-Daniels Midland (ADM) — yielding 2.7%
Chevron (CVX) — yielding 3.8%
ExxonMobil (XOM) — yielding 3.6%
Genuine Parts (GPC) — yielding 2.7%
Johnson & Johnson (JNJ) — yielding 2.8%
T. Rowe Price (TROW) — yielding 3.2%
Hot Penny Stocks To Watch For 2018: SPAR Group Inc.(SGRP)
Advisors’ Opinion:
- [By Jim Robertson]
On Wednesday, our Under the Radar Moversnewsletter suggested going long on small cap international merchandising and marketing services stockSPAR Group Inc (NASDAQ: SGRP):
