One of the lessons learned in 2020 was that we need to improve our supply chain dramatically. This Penny Stock Has 400% Growth Potential Pretty soon, it will be a household name like Beyond Meat, giving penny stock investors a big win. That has it on track to make $60 in revenue this year alone. What makes that even more exciting is the brains behind the Cheetos brand is heading up the launch. Plus, it's launching a plant-based snack food this year. It's got a pipeline of potential acquisition targets ready to help it branch out. Now it’s flying under the radar as a true contender in the industry. That’s not a great risk/reward profile, and it’s a sign its growth is already priced in.įortunately, there’s a better, cheaper alternative in the penny stock space.Įat Well Investment Group (OTC: EWGFF) was formed after a major acquisition in the plant-based sector this year. Wall Street gives it an average price target of $121.36 a share by this time next year. Things have settled down since, but it’s still up about 60% over its IPO price in 2019. (NASDAQ: BYND) went public, investors gobbled up so many shares the stock popped 250% higher in its first two months of trading. Investors looking for the next big thing have taken notice. The industry is expected to grow 220% by 2027. Now you can find plant-based burgers at Burger King, plant-based chicken nuggets at hip New York City restaurants, and plant-based bratwurst in your local butcher’s aisle. But it wasn’t until Beyond Meat and Impossible Foods showed the world that they could be every bit as tasty as the real thing that people started taking it seriously. And the best stock to play in this fast-moving sector might also be the cheapest.Īlternative meat options have been around forever. The plant-based meat industry is going mainstream. We’ll keep you updated on Chris’s latest penny stock picks, but we’ve got some more top penny stocks you need to see today… The Top Penny Stock Is Changing How We Eat That’s why Chris recommends using a 7% trailing stop to make sure you can lock in any gains and limit your loss potential. The stock could fall back to prior resistance levels around $6 a share. Of course, this trade comes with some risk. It’s already done that this time, so it’s just a waiting game to see if it repeats now. The stock broke above its 50-day moving average and upper Bollinger band and then exploded higher. The same trend happened just before that parabolic run too. What Chris is really eyeing here is the stock repeating its run to $15 a share earlier this year. Now it’s over $9 a share, a quick 25% pop. In short, this stock has the right volatility.Ĭhris targeted this stock when it was trading for just over $7 a share last week. While LWLG is an exciting company, what puts this on Chris’s radar is its chance to move higher fast. The bill could become law as soon as September.

Even better, it is in the crosshairs for a huge gain once the $1 trillion infrastructure spending bill passes Congress. That puts it on the cutting edge of technology. It focuses on supplying high-speed fiber optics to improve Internet speeds at lower costs. Lightwave Logic is an Internet infrastructure company. This Penny Stock Checks All the Boxes for an Explosive RallyĬhris's top penny stock right now is Lightwave Logic Inc. You'll still make five times your money, but you'll do it in a few weeks or days instead of years.Īnd now, he's got an energy-tech penny stock in his sights – one he thinks we can expect a $0.05 move that'll hand us 70% in gains. It takes much less for a $0.05 stock to become a $0.25 stock than it does for a $500 stock to become a $2,500 stock. He's turned his scanners loose on the over-the-counter (OTC) market, where stocks can trade for anywhere from mere pennies to a few bucks – an area where he's seen some incredible, head-spinning moves. To help us find the best penny stocks to buy, Chris applies his 30 years of experience using trends, momentum, and volume to find stocks with the sort of volatility that can double or triple your investment. “To make money on low-dollar stocks, you need them to move,” Chris says. That’s why Money Morning Quantitative Specialist Chris Johnson says “volatility is your best friend.” These stocks wouldn’t move very much, even at their low price, without volatility. Stocks trading under $5 a share – the SEC’s definition of a penny stock – or even better, stocks trading under $1, only have to move a few cents to give traders triple-digit returns.īut that’s not the whole story. What gives penny stocks this sort of potential is their low price. Penny stocks offer traders the chance for massive returns over a short period. Penny stocks today Penny Stocks That Will Explode

Stocks predicted to skyrocket