It feels strange to write an article about the best penny stock to buy on the same day Federal Reserve chairman Jerome Powell upended equity markets. In his testimony before the U.S. Congress, the Fed chairman reiterated that there would be no “Powell pivot” on interest rates. But he also said the Fed might have to raise rates more aggressively than planned if the economy continues to run hot.
Now, many investors may be looking to sell, not buy. And if you are buying, penny stocks may not be on your watchlist.
But if you’re a contrarian investor, that may be a mistake. If you catch these companies at the right time, they can deliver the 10x gains or higher than many investors dream of.
In this article, we’re giving you three options for stocks that make the cut as the best penny stock to buy.
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