Watch these 3 Penny Stocks as Businesses Re-Open
The global pandemic has affected a lot of businesses around the world with almost 20-30% expected to close shop if they don’t innovate or activate their business continuity plan. The global stock market isn’t spared either as investors dump their shares for safe-haven assets.
As more measures are been put in place to control the spread of the virus, it is normal for authorities to plan on the strategic re-opening of the economy. With a more relaxed lockdown expected in the coming weeks, I have picked tow penny stocks that will benefit from the resumption of social activities and events while the third, a banking stock with a unique business model is believed to reap from increased issuance of local fixed-income bonds.
In the last 30 days, these 3 stocks that have appreciated by 20%+ return on average, pulled back, and are already showing signs of recovering (supported by unusual volume) from their respective oversold region.
Watch this video to discover the stocks I am buying next week.
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