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8 Penny Stocks With Soaring Sales

Stocks in this article: CHCIACLSJOEZ

By Louis Navellier of InvestorPlace

Penny stock investing can be slippery, since many of these low-priced offerings are hard to research. Complicating things is that some penny stocks can be characterized by rapid gains and significant changes in numbers, while others haven't seen their balance sheets budge in some time. So how do you pick good penny stocks? Well since I'm a "growth guy," I only recommend buying stocks with growing sales and earnings. And in my book, there is a very short list of low priced stocks that are seeing sales grow at an impressive rate.

Here they are -- the 8 penny stocks that get my highest rating for "Sales Growth" in my Portfolio Grader stock rating tool:

Comstock Homebuilding (CHCI)

Sector: Household Durables

Market Cap: $28.6 million

Comstock Homebuilding (CHCI) is a multi-faceted real estate development company engaged in the development of for-sale residential and mixed use products operating out of the Washington, D.C. metro area. Since this time in 2009, CHCI has gained 742.5% on its shares and its largest increase came in April, when it jumped 117% in one week. Coming off consecutive profitable quarters, Comstock could be a good addition to a portfolio at its current $1.78.

Axcelis Technologies (ACLS)

Sector: Semiconductors and Semiconductor Equipment

Market Cap: $180.1 million

The Massachusetts-based Axcelis Technologies (ACLS) engages in the design, manufacture and servicing of capital equipment for the semiconductor manufacturing industry worldwide. Axcelis provides its services for clients such as IBM, Texas Instruments, and Samsung. Since January ACLS has gone up by 29% and has been showing steady and consistent growth which outpaces its industry rivals, not to mention being half the price with twice the return at $1.83 per share.

Joe's Jeans (JOEZ)

Sector: textiles Apparel and Luxury Goods

Market Cap: $128.3 million

Joe's Jeans (JOEZ) sources and distributes its branded apparel products to over 1,200 retail doors in the U.S. and abroad with its competitive advantages and industry expertise in denim-wear and denim-related products. The company recently announced a 51% increase in net sales for the quarter ending July 15. With stock already showing an increase in return of 237.7% from the same time last summer, JOEZ might turn out to be a steal at its current asking price of $2.06.

Renhuang Pharmaceuticals (CBP)

Sector: Personal Products

Market Cap: $74.5 million

Renhuang Pharmaceuticals (CBP) is a developer, manufacturer and distributor of botanical products, bio-pharmaceuticals and traditional Chinese medicines. Renhuang's key product line is the Siberian Ginseng (Acanthopanax) based product series, a natural medicine effective in treating depression, melancholy and other nerve regulating products. Shares of CBP are currently trading for just more than $2 which marks an approximate 100% increase in the past six months.

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