Moving on, let’s briefly discuss the next class of cheap stocks. ![]() With that said, some penny stocks perform incredibly well, which helps them remain attractive. These stocks also carry many other traits that, in many cases, cause excessive volatility. Meanwhile, penny stocks often trade infrequently and hold wide bid/ask spreads. Many investors avoid these stocks because they are speculative in nature. One dollar or less used to be the common threshold for what we call “penny stocks.” Today, the SEC has expanded penny stocks to securities that trade for less than $5 a share. Today we used one of our Zacks screens to show investors how to find highly-ranked Zacks stocks, which means they have improving earnings outlooks, that are trading for under $10 per share to consider buying for March and beyond. Taking this all into account, investors might want to continue buying stocks. And Wall Street is always forward looking. Let’s also remember the Nasdaq is still down roughly 28% from its peaks. The tech-heavy index was up by 0.50% through mid-afternoon trading on Tuesday as the bulls showcase that they are ready to claw back control of the market and fight to keep pushing stocks higher.ĭespite lingering inflation and other unknows, the first two months of 2023 have been largely positive for stocks. The Nasdaq bounced right back above its key 200-day moving average on Monday, after it popped 0.6%. ![]() But the bulls proved they were ready to fight during the final two trading days of February. The great start to 2023 appeared to be on the verge of starting to unravel at the end of last week after the Fed’s preferred inflation gauge came in hotter than projected.
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