Stocks closed down on Wednesday as tech earnings weighted down on the major indices.
Nasdaq briefly fell more than 1% in the open before ending about 0.5 percent lower. The S&P and the Dow remained in negative territory throughout the session, with blue-chip stocks falling over 100 points at their lows.
You’ve most likely heard about penny stocks from advertisements you’ve read on the Internet or from emails you’ve received. If you’ve got some extra money that you’d like to put into the market to generate big returns, you may want to consider small-cap and micro-cap stocks. These stocks can be very risky, though, so you have to know how to trade them well.
Penny stocks (small caps) are winners again. They are even beating big stocks.
The Russell 2000, the most quoted small cap index is up over 6.5% this year. In contrast, the Dow and the S&P 500 are basically breakeven.
Small cap stocks are back in fashion for two main reasons: they aren’t hurt much by the strong dollar or the sluggish global economy.
A strong dollar cuts into profits and makes it harder to export goods made in America. But small companies don’t have that problem. They do most, if not all, of their business in the U.S. On average, the companies in the S&P 500 get 40% of their revenues from overseas.
In the 2nd quarter, the Euro-Zone quivered, as Greece sparred with its creditors. In China, the stock market sank. U.S. markets fell only slightly, with small-cap and growth stocks showing gains and propelling mutual funds that focus on them.
A commitment to buying what Richard H. Gould, a portfolio co-manager, called “pure growth companies” produced two second-quarter standouts for Turner Investments — Turner Small Cap Growth Fund and Turner Emerging Growth Fund. Emerging Growth invests in stocks with a broader span of market capitalizations, Mr. Gould said. Small Cap Growth typically buys only companies with market capitalization of less than $2 billion.
Picked on Tuesday, Sept. 23 when it last traded at $4.03, Planar Systems, Inc. shares traded as high as $8.12 today, Friday, December 5. That’s a new 52-week high as well and a potential peak gain of 101% in just over 10 weeks.
Congrats to our readers that decided our PLNR pick was for them and thanks to all those that complimented us on our research report on the stock.
100% Unbiased, Guaranteed. We do not own shares and are never compensated in any way to pick our stocks. We have no vested interest in the stocks we pick… only to make our readers happy.
Did you miss one of our top penny stock picks of 2014, APT?
We picked Alpha Pro Tech (APT) back on August 26, 2014.
APT hit $10.73 just last week on October 14. That’s a 314% peak gain in just SIX weeks!
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God bless the fallen, the innocent civilians killed on this day. God bless the families, especially the families of our friends and colleagues that died in the WTC towers. We spoke almost every day, until everything fell silent that morning. No phones ringing, not a soul thinking about the tickets on the trading desk.
Just an eerie silence. A silence we could feel, almost touch. A silence I still hear once in a while. A silence for you, my friends.
Gains on Wall Street were led by small-cap stocks on Thursday. Trading was choppy, as an unexpected increase in weekly jobless claims and lower commodities prices encouraged investors to remain cautious.
“I think tomorrow will be focused on economic data unless something happens overnight,” Mark Luschini, CIO at Janney Montgomery Scott, said. “In general there’s the sense the market is wandering a bit and struggling to find a connection to it.
Low oil prices helped transports gain and helped stocks turn positive.
Next week, investors will turn their focus to the Federal Reserve meeting and other events.
“The market is in a quiet phase ahead of the Fed next week and the Scotland, UK vote,” Peter Boockvar, Market Analyst at The Lindsey Group. “The market’s just very reactive, not proactive, which makes it hard to trade.”
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