Penny stocks have had a great start this year, but with uncertainty starting to rear its head again, investors have started to choose safer options instead. Indeed, the underlying businesses of most penny stocks are loss-making startups that depend on external sources to survive in the long run. That’s not very reliable in an environment where a recession is likely on the horizon, coupled with a hawkish Federal Reserve that is yet to give any clues as to when they might stop hiking rates.
Conversely, I would point out that not all penny stocks are bad right now. There are many small businesses that are sustainable and have tremendous growth potential over the coming years. These businesses have been overlooked by Wall Street in this harsh environment, and buying them at the trough now could deliver multibagger gains on the way up.
With that in mind, here are three of the best penny stocks with millionaire-making potential by 2025.
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