Hot Penny Stocks to Buy
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 first quarter 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!)
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.
|Hot Penny Stocks|
|*Click on Column Heads to Sort|
|Symbol||Company Name||Name||Market Cap (M)|
|AEHR||Aehr Test Systems||Semiconductors||$19.20|
|AIS||Antares Pharma||Health Care Equipment||$143.40|
|CTHR||Charles & Colvard||Textiles and Apparel||$55.40|
|CHCI||Comstock Homebuilding||Household Durables||$34.30|
|HPOL||Harris Interactive Inc.||Media||$62.50|
|IGOI||iGo Inc.||Computers & Peripherals||$47.40|
|IMH||IMPAC Mortgage Holdings||Real Estate Investment Trusts||$20.00|
|JOEZ||Joe's Jeans Inc.||Textiles and Apparel||$140.80|
|LMLP||LML Payment Systems Inc.||IT Services||$53.40|
|MGIC||Magic Software Enterprises||Software||$67.00|
|MNDO||MIND C.T.I. Ltd.||Software||$39.60|
|NENG||Network Engines Inc.||Communications Equipment||$121.80|
|NEWT||Newtek Business Services||IT Services||$47.10|
|OBCI||Ocean Bio-Chem Inc.||Household Products||$15.90|
|PATK||Patrick Industries Inc.||Building Products||$21.40|
|ROIAK||Radio One Inc.||Media||$155.30|
|SLP||Simulations Plus Inc.||Software||$34.20|
|SBSA||Spanish Broadcasting System||Media||$110.50|
|TIII||Tii Network Technologies||Communications Equipment||$21.90|
|TOF||Tofutti Brands Inc.||Food Products||$14.70|
|TSEM||Tower Semiconductor Ltd.||Semiconductors||$280.50|
|TTIL||TTI Team Telecom||Software||$44.80|
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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