10 Top Penny Stocks to Watch This Week for Under $2

My Size Inc. (Nasdaq: MYSZ) is among the top penny stocks to watch this week after climbing over 152% last week.

My Size is an Israel-based technology company developing apps for online clothing shopping in Israel. Its apps allow consumers to create an online profile containing all their clothing measurements, which are then matched up against retailers’ offerings.

Last Wednesday (Jan. 3), the company announced it would reveal its body measurement technology at the annual Consumer Electronics Show (CES) in Las Vegas on Monday (Jan. 8).

As a result, its share price shot up from $0.65 to $1.66 over four trading days last week in anticipation of the reveal. That represents a 152% gain.

Then, after the company revealed its technology at CES on Jan. 8, MYSZ shares shot up another 75%, to $2.91. That means, since Jan. 2, MYSZ shares have climbed an astounding 340.91% in just five trading sessions.

While MYSZ’s 340.91% gain in just the first five trading days of 2018 is impressive, we’re recommending a different stock to our readers today. The company we’ll show you today has beaten analyst earnings expectations by an average of 542% in the last four quarters, and we expect more earnings growth going forward.

But before we show you our pick, here are the top 10 penny stocks to watch this week…

Penny Stocks Current Share Price (as of Jan. 5) Jan. 2-5 Gain (as of Jan. 5)
My Size Inc. (Nasdaq: MYSZ) $1.66 152.28%
Cytori Therapeutics Inc. (Nasdaq: CYTX) $0.47 89.52%
DelMar Pharmaceuticals Inc. (Nasdaq: DMPI) $1.675 58.02%
CAS Medical Systems Inc. (Nasdaq: CASM) $1.09 55.71%
China HGS Real Estate Inc. (Nasdaq: HGSH) $1.83 47.58%
Aethlon Medical Inc. (Nasdaq: AEMD) $1.56 43.12%
Midatech Pharma Plc. (Nasdaq: MTP) $1.23 43.01%
Comstock Holding Cos. Inc. (Nasdaq: CHCI) $1.87 36.5%
Cenveo Inc. (Nasdaq: CVO) $1.20 31.82%
EV Energy Partners LP (Nasdaq: EVEP) $0.6844 31.62%

While the returns these penny stocks delivered in just five trading sessions look attractive, they come with huge risks.

You see, most penny stocks are speculative investments and can be extremely volatile.

For instance, VistaGen Therapeutics Inc. (Nasdaq: VTGN) shot up from $0.92 to $2.55 on Dec. 6. Since then, the stock pulled back to $1.07. Investors who bought at $2.55 are sitting on a 58% loss today (Jan. 8).

Instead, our Money Morning experts are more interested in finding companies that will increase in value over the long term.

That’s where Money Morning Small-Cap Specialist Sid Riggs comes in.

He’s an expert at bringing readers profit opportunities with massive potential at an affordable price. Consider his pick from December 2013 – Neurocrine Biosciences Inc.(Nasdaq: NBIX). NBIX was trading for just $9 per share when Sid recommended it, and now it has surged 755.11%, to $76.96.

This China-based company is perfectly positioned to capitalize on the rapidly growing Chinese Solar market.

And analysts are projecting China’s solar market alone could grow by 700% through 2035.

The Best Small-Cap Solar Stock to Buy Before 2018

Sid’s pick is JA Solar Holdings Co. (Nasdaq: JASO), which develops silicon wafers for use in solar panels.

JA Solar is a Chinese solar panel component company founded back in 2005. JASO shares currently trade at $7.47.

Since 2012, the company has grown its annual revenue from $1.03 billion to $2.76 billion in 2017. It’s also gone from a net loss of $255 million in 2012 to a profit of $82.8 million in 2017.

That sort of growth isn’t surprising, considering China’s explosive solar industry. Coupled with China’s potential 700% solar industry growth through 2035, JA Solar is well-positioned to take on even more growth as the rest of the world turns to solar energy.

The U.S. Energy Information Administration projects the United States’ solar production alone will grow by 500% by 2040.

“Analysts have almost perennially underestimated the company’s potential – something they won’t do for long,” Sid said. “Which is why you don’t want to delay for a New York minute if you’re as interested as I am.”

*This has been a guest post by Money Morning*

 Related: These 6 Money Lessons Will Serve You Well in 2018

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