3 Penny Stocks To Buy Now For Big Gains In The Energy Market
Oil prices have been on a turbulent ride, with WTI crude slipping to a six-month low near $66 per barrel due to economic concerns in the United States and China, global trade tensions and a potential supply surplus.
Additionally, geopolitical factors, including ongoing trade wars and the uncertainty surrounding U.S.-Russia sanctions, continue to weigh on sentiment. Despite occasional rebounds — driven by factors like rising gasoline demand and a weaker U.S. dollar — the broader market outlook remains cautious.
Given this backdrop, investors should seek undervalued energy stocks that can capitalize on volatility while limiting downside risk. Stocks trading under $5 (known as “penny stocks”) often present such opportunities, though they also come with heightened risk and price swings. To mitigate this, we have identified three Zacks Rank #2 (Buy) stocks with solid fundamentals and growth potential.
This post originally appeared at Zacks.
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