Many might disagree, but penny stocks are ideal diversification vehicles. Although they often possess outlying risks, penny stocks have low correlations with traditional investment portfolios, providing investors with diversification benefits.
There are thousands of U.S.-listed stocks categorized as penny stocks, or stocks trading for $5 per share or less but only a few can be considered strong buy penny stocks. “Penny stock territory” contains a lot of busted growth stories, fallen angels and value traps, yet dive deep enough into the space, and you'll find plenty of asymmetric opportunities.
When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?
From a technical perspective, Broadwind Energy, Inc. (BWEN) is looking like an interesting pick, as it just reached a key level of support. BWEN's 50-day simple moving average crossed above its 200-day simple moving average, which is known as a "golden cross" in the trading world.
Here is how Broadwind Energy, Inc. (BWEN) and Apogee Enterprises (APOG) have performed compared to their sector so far this year.
Broadwind Energy (BWEN) made it through our 'Fast-Paced Momentum at a Bargain' screen and could be a great choice for investors looking for stocks that have gained strong momentum recently but are still trading at reasonable prices.
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.
Are you looking for renewable energy stocks to buy? Indeed, global economies are taking major steps to shift to clean energy and reach steep climate change targets to address the need to reduce carbon footprint and emissions.