The GDP report is out, and not much has changed in the overall stock market after yesterday’s sell-off. The S&P 500 (NYSEARCA: SPY) closed at $380.65, and following the GDP report, the SPY sits within 20 cents of that figure. Whether or not there is a rebound in the stock market today is secondary to what’s happening with some of today’s top trending premarket penny stocks.
While investors digest the latest economic data, traders are focused on several small- and micro-cap stocks surging on Wednesday. This is one of the great things about penny stocks. They tend to move disconnected from broader trends. This article will look closely at a few and discuss what’s driving them today. What you’ll have to decide is, are they a buy or should you avoid them entirely?
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