By WILLIAM ROMOV, Associate Editor, Money Morning • November 20, 2017
SemiLEDS Corp. (Nasdaq: LEDS) is among the top penny stocks to watch this week after climbing an astounding 142% last week.
While that's an impressive gain, we're recommending a different stock to our readers. This stock not only has the potential for even bigger returns than LEDS, but it's also less volatile.
Because most penny stocks are speculative investments, they often see big pullbacks after making large gains. In this case, LEDS would have had a 204% gain for the week if not for a 20.35% pullback on Nov. 17. That brought its total gain down to 142%.
The company we'll show you today has beaten analyst earnings expectations in six of the last seven quarters and is on pace to grow profits by 33% or more this year. Before we reveal the pick, here are the top 10 penny stocks to watch this week…
Penny Stock Current Share Price Nov. 13-17 Gain (as of Nov. 17) SemiLEDS Corp. (Nasdaq: LEDS)
$5.52 142%
OptimumBank Holdings Inc. (Nasdaq: OPHC) $4.98 117.77% MoSys Inc. (Nasdaq: MOSY) $1.30 80.76% Remark Holdings Inc. (Nasdaq: MARK) $6.00 77% Quest Resource Holding Corp. (Nasdaq: QRHC) $2.04 68.61% Micronet Enertec Technologies Inc. (Nasdaq: MICT) $1.23 68.48% Meridian Waste Solutions Inc. (Nasdaq: MRDN) $1.75 67.95%
Clean Diesel Technologies Inc. (Nasdaq: CDTI) $2.30 66.67% Enphase Energy Inc. (Nasdaq: ENPH) $2.77 51.37% Carver Bancorp Inc. (Nasdaq: CARV) $3.31 49.73%
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