Sell in May and go away? Not for these hot penny stocks!
Even though the stock markets seem to be cooling and some big names are selling off, there are quite a few penny stocks out there performing well. Some are up more than 30% over just the past week! Let’s take a look at some of the names…
NLS- Nautilus Inc.
The company reported an increase in net sales of 21% over the previous quarter last year. That was enough to send the stock higher by more than 12% in the same day, and more than 32% on the week.
HDY – Hyperdynamics
The stock more than doubled after Tullow Oil, one of HDY’s drilling partners, lifted its force majeure on a joint project in Guinea, on May 3rd. Since then, the stock has rallied 175% on the week.
SYPR- Sypris Solutions
Sypris revenue was $84.2 million, an increase of 7% from $78.4 million for the first quarter of 2013 and up 14% sequentially from the fourth quarter of last year. Also, earnings improved to $0.08 per diluted share, compared to a loss of $0.34 per share for the prior year period.
On the week, SYPR is up by more than 31%…
These stocks prove the thesis for investing in penny stocks… find the right penny stocks to watch and they can really boost your portfolio!
If you’re looking to add the right penny stocks to your portfolio, take a look at my Penny Stocks To Watch premium newsletter…
Keeping you one step ahead,