As 2023 unfolds into a promising, positive year, investors are looking to load up on the next big opportunity. The consensus amongst the market punditry is that value and reasonably priced stocks with company-specific catalysts are likely to thrive in the current economic environment. With an optimistic outlook, it’s time to turn our attention to the best penny stocks to watch, offering potential multibagger returns.
It’s also imperative to consider that low-priced stocks could also plummet to zero. However, selecting the best penny stocks with wide “moats” could tilt the odds in your favor. That said, here are seven of the most compelling penny stocks to watch.
This post originally appeared at InvestorPlace.