Posted on 14 August 2012. Tags: penny stock recommendations
Specific penny stock recommendations have a short shelf life. Conditions change quickly. A stock that is hot one day might be untouchable the next. The best penny stock recommendations always point you in the direction of certain market sectors that are likely to hold some winning penny stocks.
In 2012, some of the most profitable sectors of the market are those that have dominated for some time. Oil companies have made incredible profits over the last decade and continue to do so. Take a look at the many penny stock companies that have developed in the oil and gas exploration industry. These penny stocks are just one discovery away from becoming financially sound and producing a lot of capital gains for some lucky investors.
Do not forget to look at non-traditional sources of energy as well. Financial scandals aside, solar energy and other green sources of power are becoming more and more popular. Several countries have made solid commitments to convert their energy infrastructure to solar and wind-derived industries in the next decade. Anyone making penny stock recommendations today has to take into account this movement away from oil and gas.
Energy is not the only sector producing profitable investments. Precious metal prices have skyrocketed since the onset of the global economic crisis. Many penny stocks have emerged in this sector as well, hoping to profit from the volatility.
Keep these tips in mind as you seek the right stock picks for you. For the time being, you can focus your energy on finding stocks in these areas, as well as in medical technology. Remember, though, that the market changes constantly. Expect new opportunities to open up and penny stock recommendations to change as time passes.
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