ZNGA - Forget Penny Stocks -- 3 Better Stocks to Buy in October
With promises of huge upside in a short period of time, many investors get pulled into purchasing penny stocks -- very small market cap companies with shares that typically trade for a few dollars or less that often have little in the way of revenue or profit. But most of these get-rich-quick-scheme stocks never pan out.
Rather than focusing on the share price as an investing standard, investors looking for a big upside should instead consider companies with small market caps (share price multiplied by the number of shares outstanding) operating in big industries.
Three companies offering a better alternative than penny stocks you should consider in the month of October are Limelight Networks (NASDAQ: LLNW) , Nano-X Imaging (NASDAQ: NNOX) , and Zynga (NASDAQ: ZNGA) .
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Forget Penny Stocks -- 3 Better Stocks to Buy in October