It has been a volatile week in global markets, and a good penny stock pick list is always good to have on hand.
Penny stocks of course are a high-risk investment, and should be approached with a considerable degree of caution. But, with the right amount of research, you just might find the hidden treasures before they skyrocket in value.
It’s best to diversify your portfolio to cover a well-rounded group of industries. That’s why I’ve brought together an eclectic collection of micro-cap stocks which you can add to your watch list. They all have solid fundamentals and strong long-term growth potential.
Navios Maritime Acquisition Corporation (NYSE:NNA)
Based out of Monaco, Navios Maritime Acquisition Corporation (NYSE:NNA) owns and operates a fleet of crude oil, refined petroleum products, and chemical tankers which provide global marine transportation services. The company’s business strategy is to charter its ships to international energy companies, refiners, and large vessel operators under long-, medium-, and short-term charters. Navios’ fleet consists of approximately 39 double-hulled tanker vessels.
Navios’ stock performance is at a healthy 18.24%, with very steady growth since January of this year. Any company that not only survives but indeed posts robust growth in this environment of low oil prices and transportation services is one which could well be a great penny stock pick.
Oclaro, Inc. (NASDAQ:OCLR)
Oclaro, Inc. (NASDAQ:OCLR) provides optical communications and laser components, modules, and subsystems for a variety of markets; including telecommunications, industrial, scientific, consumer electronics, and medical. Its product lineup includes adjustable laser, lithium niobate external modulators, receivers, transceivers, and transponder modules. Oclaro supplies optical network technology to global telecommunications equipment companies. It designs, manufactures, and sells optical components, modules, and subsystems that generate, detect, amplify, combine and separate light signals.
Oclaro also has specific product lines which focus on the design, manufacturing, marketing, and sale of optics and photonics solutions for a few non-telecom markets.
The company’s stock performance is up 29.21% this year, and it has been making steady gains in the past four weeks. All signs point to this penny stock as an up-and-coming winner.
Crown Media Holdings Inc. (NASDAQ:CRWN)
Crown Media Holdings Inc. (NASDAQ:CRWN) is a pay television network owner and operator. The company offers a variety of entertainment programming, including original series, talk shows, and lifestyle programming, theatricals, movies, miniseries, romances, literary classics, and contemporary pieces. Crown Media’s Hallmark Channel features highly-watched TV series such as Golden Girls, Frasier, and The Middle, as well as original series such as Cedar Cove and When Calls the Heart. Crown Media’s year-to-date stock performance is 45.48%. When combined with its robust lineup and recent surge in value, it makes for a healthy penny stock pick.
Xueda Education Group (NYSE:XUE)
Xueda Education Group (NYSE:XUE) is a company that specializes in private and highly personalized tutoring services for primary and secondary school students in China. On July 27th, Xueda was purchased by a Tsinghua Unigroup-controlled company listed on the Shenzhen Stock Exchange for approximately $350 million.
Xueda’s success is based on its dynamic services and easily quantified track record of providing real results in students’ academic records. With rising income levels allowing more Chinese parents to supplement their child’s public sector education, Xueda’s novel approach is likely to continue its successful record. With the company’s stock up 110.5% this year at $5.03, it doesn’t take an MBA to figure out that this hot penny stock is shooting for the stars.
Mizuho Financial Group, Inc. (NYSE:MFG)
Mizuho Financial Group, Inc. (NYSE:MFG) is a Japanese banking firm engaged in the financial sector, as well as the provision of securities, trust, and providing asset operation and management services. The company also provides personal banking, retail banking, and corporate banking.
It provides banking products and services related to trust, real estate, securitization, and structured finance, among others. As of March 31, 2014, Mizuho held 159 subsidiaries and 21 associated companies, with plans for forth expansion.
Mizuho’s stock price has performed well over the past year at 8.92%, and particularly well since April when it began surging upward. This is the perfect time to acquire shares in a penny stock that seems poised to perform well in the coming year.