The Top 7 Penny Stocks To Buy Now

Penny trade investing has been a risk to be undertaking when market volatility is high. Since this business involves investing in a company's potential, it requires considerable investing experience. 

With names trending higher as best performing stocks to buy, now is likely an excellent time to invest in some (or all) of these hot picks.

​The top penny stocks for 2017 are:

1. Aerotech (NASDAQ: ARTX)

Aerotech is a defense design and manufacturing company that is capitalizing on two of the biggest growing industries next year: Drones and Virtual Reality. The difference between Aerotech and other companies in this space is it services 80% of the growing global aviation industry. They primarily create technology for the military and law enforcement. A recent award for interactive law enforcement training systems has lead the stock to rally this quarter to an all time high of $4.20 followed by a correction to $3.66. We expect this to be a hot stock when they announce fourth quarter earnings early next year, after reporting a strong increase in operating income for the third quarter compared to the previous period, from $357,000 to $1.8 million.

2. Mueller Water Products, Inc. (NYSE: MWA)  

Mueller Water Products, Inc. is the leading fire hydrant maker in the U.S. Having sold over 3 million fire hydrants, Mueller Water Products, Inc. is doing pretty good with one fire hydrant running $1000.

Although hydrants last for decades, the same cannot be said of the gaskets and seals. In this scenario, replacing a worn out hydrant is the best option.

With 10- 20 million fire hydrants in the US, Mueller boasts of an extensive supply base (3 million), which makes them good stocks to buy. Besides, the company receives low commodities prices. This, to a large extent, increases its profit margins.

3. Valeant Pharmaceuticals Intl Inc (VRX)

Although it experienced problems that saw its stock reduce by 82% over the last 12 months, Valeant Pharmaceuticals Intl Inc (VRX) is one of the best penny stocks to invest in since its price very cheap.

At the moment, Valeant Pharmaceuticals is one of the few biotech industries that trade so affordably. Recently, the company gained over 35%, in just three trading days.

Its affordability has served as a beckoning signal to many investors who seem to respond positively to the call. In fact, the company offers one of the cheapest stocks.

4. Twitter Inc (TWTR)

Better monetization is the power behind Twitter's expected growth and expansion. With plans to monetize over 500 million people who don't have accounts yet consume Twitter, the company is going to increase its revenue since the users are going to be charged half of what logged in users are charged.

Having won rights with the NFL, for Thursday Night Football, Twitter’s fanbase is likely to shoot to soaring heights since a massive audience is going to sign up for Twitter to watch their favorite matches. This makes Twitter one of the best penny stocks to invest in.

5. Alibaba Group Holding Ltd (NYSE: BABA)

Alibaba Group Holdings is one of the best cheap stocks. In the next two years, Alibaba is expected to grow 30% sales. This growth will make it the largest retailer by a mile, globally.

With $18 billion additional investments and $200B market capitalization, Alibaba passes as one of the best-performing penny stocks to buy currently. In fact, all pointers indicate that Alibaba is going higher and higher, likely to outperform Apple Inc. and Alphabet Inc. (Google) in the near future.

Alibaba group holdings is among the best cheap stocks.

6. Five Below Inc (NASDAQ: FIVE)

Five Below Inc (FIVE) has witnessed a 25% growth this year. With more than 400 stores, five is a regional brand that has the potential of expanding from inside out, just like any other successful companies.

The company intends to operate 2,000 stores, with a major focus on California, southern Florida Ohio, and southern Texas markets which are still untapped.

Due to the opportunity five has found in regional markets, five should be the penny stocks to get now for investors.

7. Celgene Corporation (NASDAQ: CELG)

The last year saw Celgene Corporation produce over $9.2 billion in revenue. Being one of the best-selling drugs in the world, Celgene is expected to experience 20% and 18% growth over the next two years consecutively.

Celgene Corporation is also poised for $21 billion revenue by 2020, substantially growing to become twice its present size. If you want to buy penny stocks, Celgene is the best penny stock to invest in.

8. John Bean Technologies Corp (NYSE: JBT)

This is a company that supplies air transport and food processing industries with solutions and materials respectively. Thanks to low gasoline prices, many people prefer to travel by air; this spells big business for this company that designs, manufactures and services airport ground support, besides providing other services.

The modern lifestyle has increased demand for food packaging. JBT's input in the production of packaging is cheap, which translates into high-profit margins.

Investors out there wondering how to invest in penny stock should make a deal with JBT, one of the best-performing penny stocks to buy now and the best cheap stocks to buy now.

9. Northern Dynasty Minerals Ltd. (NYSE: NAK)

This Vancouver based company specializes in U.S. mineral exploration. The new administration has set out a pro-mining agenda, especially with the former Exxon Mobil CEO Rex Tillerson nominated for Secretary of State. 

10. Hecla Mining Company (NYSE:HL)

In a time of political and economic uncertainty (Brexit, China, Israel, Trump) the oldest minerals stock on the exchange is a place where investors could turn. Hecla Mining Company (founder 1891) specializes in precious minerals mining and has reported record silver reserves for 10 years in a row.

Conclusion

Traders and investors looking for how to invest in penny stocks can buy stocks from one or more companies highlighted above. The good thing these companies are offering good stocks to buy at the moment.