With the vast majority of them trading well below their respective 52-week highs, you may be curious which of these are the penny stocks to buy right now. As the stock market continues to absorb rising interest rates, persistent high inflation and a possible recession, most penny stocks could continue to struggle in the months ahead.
Yet among the scores of names in the penny stock category that trade on major exchanges (1,805, according to Finviz.com), there are a few that qualify as great opportunities. Some of these are growth plays. Others fit better in the value stocks category. There are also names out there with high exposure to some of the few areas of the market thriving right now.
Low-priced stocks offer high-risk, but potentially high returns. That’s not to say all of these seven penny stocks to buy will deliver. However, each one has the potential to do so. In some cases, in the short-term. In other cases, in the long-term.
The post 7 Penny Stocks To Buy In July 2022 originally appeared at InvestorPlace.