The 3 Best Penny Stocks To Buy In July Have 400% Upside

TM editors' note: This article discusses a penny stock and/or microcap. Such stocks are easily manipulated; do your own careful due diligence. 

The stock market just notched its best quarter since 1987, and it has plenty of room to run higher in July. Stocks have continued to gain despite a spike in coronavirus cases across the United States, a sign this rally is here to stay.

And you can turn this trend into cash by finding the right penny stocks to buy. That's why we've done the research on the penny stocks with the best chance to break out higher in July.

While stocks have gained, volatility is still double what it was this time last year, which is creating new opportunities for penny stock investors to get positioned for huge long-term gains.

We're still seeing companies that trade well above the $5 penny stock cutoff trading well below their true value since the March crash. Many institutions can't own stocks that trade for less than $5, so they were forced to sell, which drove prices down even further.

This creates a massive opportunity for huge profits.

As the economy and the markets improve, many of these companies will rise above the price barrier and attract institutions back into the stock. This large amount of buying power can often lead to fast moves higher, allowing fallen angel penny stock investors to double, triple, or even quadruple their investment.

Now that the market's rally is solidifying, July is the prime opportunity to get into some of these companies before the institutional money comes flooding in.

Here are the best summer penny stocks to buy, offering upsides of 400%…

The Classic "Fallen Angel" Penny Stock

Pitney Bowes Inc. (NYSE: PBI) is a classic example of a fallen angel penny stock. It's a 100-year-old company that provides shipping and commerce solutions for businesses worldwide. They are best known for their postage machines that, once upon a time, were one of the essential office machines. While they are not as necessary today, Pitney Bowes still sells these machines, but that's not the whole business anymore.

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