3 Speculative Penny Stocks That Can Spike To Double Digits In 2024

Penny stocks can surprise. While speculative activity in these stocks is high, the ideas are backed by fundamentals. Further, positive business catalysts are likely to trigger positive price-action.

If an interest rate cut happens in the second half of 2024, it will be another catalyst for these penny stocks trending higher. Despite the pros, investors must consider the cons. Limit exposure to penny stocks at 10% to 15% of the overall portfolio.

So let’s explore the business factors that are likely to support the bullish thesis on these penny stocks.

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