 HOW TO PICK HIGH-GROWTH PENNY STOCKSTips from our partner's video on Finance Turned Easy Can you turn this penny stock downturn into some real profits? Last week, our partner Leo Rodriguez at Finance Turned Easy showed us how he researches his best picks for the rest of 2021. Here are 5 great tips he shared: 1️⃣ The Russell 2000 index has been quite beaten down in the past month or so. Many small-cap stocks have tanked, giving you the opportunity to pick them up at a discount. 👀 If you can find the right companies, this could be the ideal time to buy. 2️⃣ With these smaller cap stocks, Leo aims for companies under $2B (ideally under $1B) with high growth potential. These are stocks that could pop off easily with growth in revenue or market shares. Combining that with “undervalued” stocks is a recipe for 💰 3️⃣ Good management (or lack thereof) can make or break a small-cap company, particularly when it comes to financials. Leo used one stock as an example that struggles with effective operations and is suffering from heavily negative cash flow as a result. 📊 4️⃣ Keep an eye out when researching stocks for the price targets from economic experts! One pick of Leo’s has a price target that’s double its current value according to the analyst price target on the Stock Card platform. 5️⃣ One of Leo’s picks is a renewable energy software company! A service adjacent to growing industries is always worth looking into, as it piggybacks off of the industry growth. Check out this, and his other 2 picks in the video: Comments are closed.
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