In my view, it’s the best time to grab undervalued penny stocks for multibagger returns.The first reason for this view is the point that rate cuts are impending in the second half of 2024. Easy money policies translate into higher interest (and speculation) in growth and penny stocks. I therefore expect the markets to be supportive in the coming quarters.The second reason is focus on most undervalued penny stocks to buy in April that these companies have potential catalysts. If these catalysts pay-out in th ...

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?Let's take a look at what these Wall Street heavyweights have to say about Bitfarms Ltd. (BITF) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.Bitfarms currently has an average bro ...

Penny stocks are subject to extreme price fluctuations. This makes them appealing to investors looking for explosive returns. Look no further than Advanced Micro Devices (NASDAQ:AMD), for example. Potential rate cuts and steady corporate profits are perking up investor sentiment. This led to the S&P 500 returning around 10% in 2024 this year.Due to their low price, even small increases in share value can result in significant percentage gains. Therefore, even if it has nothing to do with penny stocks specif ...

Low-price stocks under $10 can be quick money-making machines if the entry is timed well. These stocks carry a high risk, and trading should be limited to a small part of the portfolio.However, if stocks double or triple in quick time, even a small allocation significantly impacts the overall portfolio health. This column focuses on three stocks under $10, likely to triple before the end of next year.First, low-price stock does not necessarily imply speculative ideas. These stocks represent companies with g ...

Meme stocks can be likened to altcoins in terms of volatility and the ferocity of price action. Getting into the right meme stock can potentially imply multibagger returns in a matter of months.Without doubt, there is a significant element of speculation when it comes to these stocks. I however prefer to consider exposure to meme stocks that have fundamental reasons for surging higher. Additionally, meme stocks with decent fundamentals and a high short interest are worth buying for stellar returns at the bl ...

Speculative penny stocks, or risky stocks trading for $5 per share or less, can produce big gains, but they can also lead to big losses. As such, not only is position-sizing key. It is imperative to select names in this category that offer sufficient potential reward to outweigh the risk.However, out of thousands of penny stocks that trade either on a major exchange, or in the over-the-counter market, there are plenty that fit the bill. We can break these down into two categories.First, there are names in “ ...

The central idea behind cheap speculative stocks under $3 is simple: small-capitalization investments may lever a greater potential for outsized returns. Of course, that depends greatly on the stars aligning perfectly, which rarely happens. Still, analyst-endorsed ideas could put the odds in the gamblers’ favor.Another reason why speculative stocks are so enticing is accessibility. Not all brokerages offer fractional ownership of shares. Therefore, some retail investors may be blocked out of investing in po ...

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Bitfarms Ltd. (BITF) .Bitfarms Ltd. currently has an average brokerage rec ...

Bitfarms Ltd. (BITF) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.Shares of this company have returned -22.3% over the past month versus the Zacks S&P 500 composite's +3.2% change. The Zacks Technology Services industry, to which Bitfarms Ltd. belongs, has gained 1.1% over this period. Now the key question is: Where could the stock be headed in the near term?Alt ...

At the beginning of 2023, Carvana (NYSE:CVNA) stock was trading at $5. A massive rally ensured, and CVNA stock currently trades near $80. It’s the dream of every investor to get a 10-bagger or 20-bagger in a matter of a year. However, not all penny stocks fire.An important point to note is that the rally in CVNA stock is not purely speculative. While the e-commerce platform for buying and selling used cars faced challenges, financial metrics showed improvement. Without getting into details, the point I want ...