5 Best Penny Stocks To Invest In Right Now

LOS ANGELES — The Shelby GT is back — and it’s hotter than ever.

For Ford Mustang fanciers who want more power and to have their car stand out from the crowd, the aftermarket firm founded by the late automotive entreprenuer Carroll Shelby has put the Shelby GT back in its lineup. It was unveiled Thursday at the Los Angeles Auto Show.

How powerful? The stock 2014 Mustang GT is boosted to 430 horsepower or by adding a supercharger and calling it a GT/SC, to 624 horsepower. At a demonstration of the car for USA TODAY last week, the car was easily capable of burning rubber and tearing through corners with ease.

“You can go from a boulevard cruiser to a boulevard bruiser all in one,” says Gary Patterson, a vice president of Shelby. The modifications “really substantially change the performance characteristics of the car.”

5 Best Penny Stocks To Invest In Right Now: Flexsteel Industries Inc.(FLXS)

Flexsteel Industries, Inc., together with its subsidiaries, engages in the manufacture, import, and market of residential and commercial upholstered and wooden furniture products in the United States. Its upholstered and wooden furniture products include sofas, loveseats, chairs, reclining and rocker-reclining chairs, swivel rockers, sofa beds, convertible bedding units, occasional tables, desks, dining tables and chairs, and bedroom furniture. The company distributes its products for use in home, office, hotel, and other commercial applications through its sales force and various independent representatives, as well as to various national and regional chains. Flexsteel Industries, Inc. was founded in 1929 and is based in Dubuque, Iowa.

Advisors’ Opinion:

  • [By Dividends4Life]

    Memberships and Peers: LEG is a member of the S&P 500, a Dividend Aristocrat, a member of the Broad Dividend Achievers™ Index and a Dividend Champion. The company’s peer group includes: Hooker Furniture Corp. (HOFT) with a 2.7% yield, Flexsteel Industries Inc. (FLXS) with a 1.8% yield and Ethan Allen Interiors Inc. (ETH) with a 1.6% yield.

  • [By Ben Levisohn]

    Shares of La-Z-Boy have gained 11% to $27.02 at 1:54 p.m. today. Its performance is also giving other furniture stocks a boost. Flexsteel (FLXS) has risen 1% to $27.60, Hooker Furniture (HOFT) has jumped 1.6% to $17.12 and Ethan Allen International (ETH) has advanced 1.2% to $29.20. Haverty Furniture (HVT) has dipped 0.3% to $27.87.

  • [By Seth Jayson]

    Calling all cash flows
    When you are trying to buy the market’s best stocks, it’s worth checking up on your companies’ free cash flow once a quarter or so, to see whether it bears any relationship to the net income in the headlines. That’s what we do with this series. Today, we’re checking in on Flexsteel Industries (Nasdaq: FLXS  ) , whose recent revenue and earnings are plotted below.

5 Best Penny Stocks To Invest In Right Now: Westinghouse Solar Inc.(WEST)

Westinghouse Solar, Inc. engages in the design, manufacture, integration, and installation of solar power systems under the Westinghouse name. It offers its solar power systems for residential and commercial customers. The company also designs and distributes solar panels with integrated micro inverters (called as AC solar panels). The company sells its AC solar panels to solar installers, trade workers, and do-it-yourself customers through distribution partnerships, dealer network, and retail outlets. It has a strategic partnership with Real Goods Solar, whereby Real Goods Solar operates as an authorized dealer for westinghouse solar power systems for sale to its customers in California and Colorado markets. The company was formerly known as Akeena Solar, Inc. and changed its name to Westinghouse Solar, Inc. on Apr 14, 2011. Westinghouse Solar, Inc. was founded in 2001 and is headquartered in Campbell, California.

Advisors’ Opinion:

  • [By John Udovich]

    Small cap solar stock Andalay Solar Inc (OTCMKTS: WEST) has largely cratered for investors verses solar stock peers Real Goods Solar, Inc (NASDAQ: RSOL) and SolarCity Corp (NASDAQ: SCTY), but is the company finally turning itself around after a failed deal to be acquired?

  • [By Bryan Murphy]

    My enthusiasm regarding Real Goods Solar, Inc. (NASDAQ:RSOL) and Westinghouse Solar Inc. (OTCMKTS:WEST) hasn’t exactly been a veiled secret. Though I’ve favored one over the other at various times since the entire solar panel industry went back into high gear in the middle of the second quarter, I’ve been a fan of both RSOL as well as WEST for a while. The trick has been finding the right entry spot for both of these volatile stocks.

5 Best Penny Stocks To Invest In Right Now: Paragon Shipping Inc.(PRGN)

Paragon Shipping Inc. provides shipping transportation services worldwide. The company engages in the ocean transportation of various drybulk cargoes and containers. Its fleet consists of 11 drybulk vessels with a total carrying capacity of 747,994 dwt. The company was founded in 2006 and is based in Voula, Greece.

Advisors’ Opinion:

  • [By Roberto Pedone]

    Another under-$10 name shipping player that’s starting to move within range of triggering a big breakout trade is Paragon Shipping (PRGN), which is engaged in transporting drybulk cargoes, including such commodities as iron ore, coal, grain and other materials along shipping routes worldwide. This stock has been on fire so far in 2013, with shares up sharply by 114%.

    If you take a look at the chart for Paragon Shipping, you’ll notice that this stock just recently took out its 50-day moving average of $4.19 a share with strong upside volume. Shares of PRGN are showing relative strength today, despite the overall market weakness, which shows this stock is in strong demand at current levels. This move is now starting to push shares of PRGN within range of triggering a big breakout trade

    Market players should now look for long-biased trades in PRGN if it manages to break out above some near-term overhead resistance at $4.90 a share with high volume. Look for a sustained move or close above that level with volume that hits near or above its three-month average action of 25,811 shares. If that breakout triggers soon, then PRGN will set up to re-test or possibly take out its 52-week high at $5.70 a share. If that level gets taken out with volume, then PRGN could easily tag its next major overhead resistance levels at $7 to $8.35 a share.

    Traders can look to buy PRGN off weakness to anticipate that breakout and simply use a stop that sits right below its 50-day moving average of $4.19 a share, or below its 200-day moving average at $3.74 a share. One can also buy PRGN off strength once it clears $4.90 a share with volume and then simply use a stop that sits a comfortable percentage from your entry point. I would add to either position once PRGN takes out its 52-week high at $5.70 a share with strong upside volume flows.

5 Best Penny Stocks To Invest In Right Now: Himax Technologies Inc.(HIMX)

Himax Technologies, Inc., together with its subsidiaries, designs, develops, and markets semiconductors for flat panel displays. Its products include display drivers and timing controllers for various thin film transistor liquid crystal displays (TFT-LCD) panels, which are used in desktop monitors, notebook computers, televisions, and mobile handsets, as well as consumer electronics products comprising netbook computers, digital cameras, mobile gaming devices, portable DVD players, digital photo frame, and car navigation displays; and TFT-LCD television and monitor semiconductor solutions. The company also provides liquid crystal on silicon (LCOS) products for palm-size mobile projectors; power management integrated circuits, which include drivers, amplifiers, DC to DC converters and other semiconductors; complementary metal oxide semiconductor image sensors for camera-equipped mobile devices, such as mobile phones and notebook computers with a focus on lowlight image and video quality; and wafer level optics products. It serves TFT-LCD panel manufacturers, mobile device module manufacturers, and television makers. Himax Technologies, Inc. was founded in 2001 and is headquartered in Tainan, Taiwan.

Advisors’ Opinion:

  • [By António Costa]

    Himax Technologies, Inc. (NASDAQ: HIMX) continues to hold its ground. Breakout watch over 11.50 ( click to enlarge )

  • [By Roberto Pedone]

    A technology player that’s quickly moving within range of triggering a major breakout trade is Himax Technologies (HIMX), which designs, develops and markets semiconductors that are critical components of flat panel displays. This stock has been on fire so far in 2013, with shares up a whopping 355%.

    If you take a look at the chart for Himax Technologies, you’ll notice that this stock has been uptrending strong over the last month and change, with shares moving higher from its low of $8.13 to its recent high of $11.45 a share. During that uptrend, shares of HIMX have been consistently making higher lows and higher highs, which is bullish technical price action. That move has now pushed shares of HIMX within range of triggering a major breakout trade.

    Traders should now look for long-biased trades in HIMX if it manages to break out above some near-term overhead resistance levels at $11.45 a share to its 52-week high at $11.49 a share with high volume. Look for a sustained move or close above those levels with volume that hits near or above its three-month average action of 8.63 million shares. If that breakout triggers soon, then HIMX will set up to enter new 52-week high territory, which is bullish technical price action. Some possible upside targets off that breakout are $14 to $15 a share.

    Traders can look to buy HIMX off any weakness to anticipate that breakout and simply use a stop that sits right below its 50-day moving average of $10.02 a share, or near more support at $9.50 a share. One can also buy HIMX off strength once it starts to take out those breakout levels with volume and then simply use a stop that sits a comfortable percentage from your entry point.

  • [By António Costa]

    Himax Technologies, Inc. (NASDAQ: HIMX) seems to be forming here a possible cup and handle formation ( The bigger white arc is the cup and the smaller white arc indicates the possible handle ). This is a typical bullish pattern and the stock price potential is on the upside. The stock must close above the neckline at 11.5 (White horizontal line ) on heavy volume in order to confirm the pattern.

5 Best Penny Stocks To Invest In Right Now: S&W Seed Company(SANW)

S&W Seed Company engages in contracting the production of alfalfa seed varieties, processing the seeds, and marketing the certified seed to agribusiness firms and farmers worldwide. It also involves in the production of stevia leaf. The company primarily offers high fall dormancy (FD) alfalfa seed varieties, as well as markets and sells other varieties, including FD 7, 6, and 4 varieties. It sells the seed primarily to dealers and distributors who, in turn, sell primarily to hay and dairy farmers who grow hay for dairy cattle and other livestock; and through brokers. The company was founded in 1980 and is headquartered in Five Points, California.

Advisors’ Opinion:

  • [By Glenwoods]

     PureCircle does not grow its own product, but is more of a holding company as it contracts farms scattered around the globe to grow stevia to certain specifications.  One such farm is the S&W SEED Co. (NASDAQ:SANW).  Toward the end of 2011, PureCircle, with a goal of developing stevia in the U.S. for the U.S market, entered into a five-year agreementwith the California-based grower of high-yield alfalfa seeds, to grow stevia to the company’s specifications.  Unfortunately the results have not matched expectationsas reported by S&W Seed: