We’ve been keeping a close eye on the penny stocks market to bring you the winners and losers. It’s a market in which investors have to act fast due to the possibility of major fluctuations happening at any time. They might only set you back a few dollars to get in on, but they have the potential to return some huge gains over time.
Investing in penny stocks requires just the right combination of timing, insight, and luck. Here we’ve picked out two stocks that are looking promising in November and might be worth adding to your portfolio. Let’s take a look:
Phoenix New Media LTD (NYSE:FENG)
Phoenix New Media is a Beijing-based media firm listing on the New York Stock Exchange. Phoenix is a leading provider of premium content via an innovative integrated internet platform for both PC and mobile. With its origins lying in a leading global Chinese language TV network based in Hong Kong, Phoenix TV, this penny stock firm enables consumers to access professional news and other quality information and share user-generated content en-masse.
The reason Phoenix New Media looks like such a good penny stock play right now is because of its quarterly earnings, in which the company reported a 15.4% year-on-year increase in total revenue, and a 10% increase in paid service revenue, highlighting increased demand for the company’s premium products. FENG stock is trading for $3.38 in New York, up 11.5% in intraday trading.
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FuelCell Energy Inc (NASDAQ:FCEL)
As the world moves away from fossil fuels, alternative energy stocks are all the rage. FuelCell designs, manufactures, operates, and services Direct fuel cell power plants, which electrochemically produce energy from a range of basic fuels, including natural gas and biogas. This penny stock has actually been sinking throughout 2019, falling from as high as $10.56 in February to just $0.88 right now amidst bankruptcy concerns, so this is definitely a stock to keep an eye on to see which direction it moves in next.
The stock has been gaining momentum in recent weeks ahead of a planned reverse share split in December. The company had brought in turnaround experts Huron in June to help restructure the firm, and earlier this month announced that its services were no longer needed as FuelCell Energy looks to have finally turned a corner. So, don’t be surprised to see this penny stock rocket back to those highs earlier in the year.
So that’s our pick of penny stocks to watch today; are there any others on your radar?
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