Thread by @HodaMehr

Are penny stocks worth investing in?

Here are 6⃣ things I learned watching Leo Rodriguez, Finance Turned Easy YouTube channel about buying penny stocks now:

Check out his video too!
youtube.com/channel/UCrWFJ…

1⃣Most long-term investors are against investing in penny stocks because most penny stocks are often at risk of bankruptcy if they go through tough times.

2⃣ Investing in penny stocks is only worth it when the company has good cash availability to protect itself in tough times. Cash availability is 100X more important when you invest in penny stocks.

3⃣ Interestingly, the Russell 2000 index that is made up of 2000 small-cap stocks has been underperforming in the past six months. According to Leo, this means there could be a big jump following this stagnant period!

4⃣ You can use @stockcardhq's screener tool to look for hidden gem penny stocks:
- Filter by NASDAQ and NYSE
- Cheaper than $10 = penny or penny-like
- With no cash concerns = derisk
- Good sales record = track record
- And good analyst consensus on the stock = credibility

5⃣ Leo talks about an IoT company focusing on shipping and warehouse logistics - PowerFleet (#PWFL). It has high growth potential, strong operations, and an undervalued share price. But, it has underperformed the market.

6⃣ Leo has two more stocks with similar solid fundamentals that are great for a long-term holding,

Watch his full video here:

Bonus: Leo regularly updates his High Growth Penny Stocks portfolio on Stock Card! 💸 Follow him on Stock Card to get notified when he adds new stocks: stockcard.io/portfoliostore…