If you are looking for ways to invest, here are five penny stocks you should keep an eye on for 2020. Penny stocks are any stock that trades for less than five dollars. They can be a great way to invest, as penny stocks can bring a significant return on your investment. All penny stocks come with some substantial risk, but with the right research, you can find the stocks that hold potential. We made this small list to show you some penny stocks we feel have great potential for 2020.
Western New England Bancorp Inc. (WNEB)
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With a 2% dividend yield and the scare that occurred after a yield curve inversion during 2019 has faded away. Bond markets are showing good things ahead as well. What this can mean is banking stocks have the chance to bring substantial returns in 2020. As a result, Western New England Bancorp Inc. is looking like it’s on its way up.
Veru Inc. (VERU)
Veru Inc. has performed well throughout 2019. Their stock has jumped up from $1.39 to aftermarket highs on December 11 of $3. Veru Inc. has some additional earnings coming in, and their 4th quarter and full-year financial reports will be out soon. CEO Dr. Mitchell Steiner has some big plans for the next year in terms of progress, making Veru Inc. another great stock to keep an eye on.
Nio Inc. (NIO)
Nio Inc. is a Chinese electric vehicle manufacturer. Earlier in the year, Nio stock fell pretty hard. However, over the past few months, the company has created some impressive sales figures. The stock continued to climb for the 4th quarter of 2019, closing at a little less than $1, because of this change, we think this stock is worth following during 2020.
Chesapeake Energy (CHK)
After hitting an all-time low just a few weeks ago, This week, the stock recouped by over 50%. The company just released reports sharing information about a $1.5 billion term loan facility. This deal the CEO has in place stands to make the company’s shares continue to grow substantially. Because of recent moves by Chesapeake Energy, we recommend them as a good penny stock to follow in 2020.
Sirius XM Holdings Inc. (SIRI)
Sirius XM Holdings is a pretty solid penny stock to follow in 2020. As a well-known company that holds a monopoly over the satellite radio service, this is one of the less risky penny stock investments. They carry some significant pricing power, and as a result, they tend to be a safe bet to place, and worth following.
If you want to learn all there is to know about penny stocks, look at this article by Raging Bull. These stocks are worth following, but it’s essential to understand what you’re doing before investing your hard-earned money. Raging Bull has experts ready to teach you the market, with a great blog, and up to date information.