Navellier: 4 Consumer Penny Stocks to Buy
While the digital revolution may be driving some customers away from cable TV, Hallmark is seeing decent web traffic to its online offerings and is getting its channels included in more packages on more cable providers. This stock has shown its potential to post solid gains in the past year.
Sirius XM Radio Inc. (SIRI)Rounding out the list of top cheap consumer picks to buy now is Sirius XM Radio (SIRI) which broadcasts music, sports, news, talk, entertainment, traffic and weather channels via satellite to any location in the United States -- for a subscription fee, of course.
Over the past 12 months, this penny stock has posted an incredible gain of +128%, compared to much smaller gains by the broader market. It is also important to note that SIRI posted a net profit margin of +9% in its last income statement and has tied up the loose ends on its deal with Howard Stern to give him another five years on SIRI airwaves.
As of this writing, Louis Navellier did not own a position in any of the stocks named here.
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