The post Best Healthcare Penny Stocks by Chris Davis appeared first on Benzinga. Visit Benzinga to get more great content like this.
An aging population and the ongoing need for healthcare makes the healthcare industry expand market caps and offers big trading opportunities. The expansion of healthcare includes many healthcare penny stocks that may benefit from increased attention to the industry. New attention means new dollars for research and development and investors are betting on the companies that will turn out new products.
Quick Look at the Best Healthcare Penny Stocks:
- Revive Therapeutics Ltd.
- Antares Pharma, Inc.
- Medical Marijuana, Inc.
- BIMI International Medical Inc
- Stem Cell Authority, Ltd.
Contents
Overview: Healthcare Stocks
The 2 main groups within the healthcare industry are healthcare equipment and services and pharmaceuticals, biotechnology and related life sciences.
Industry leaders such as Pfizer (NYSE: PFE) and Merck and Co. (NYSE: MRK) can hold value during recessions. As the healthcare market hit lows during the coronavirus scare, these blue-chip companies brought hope for a vaccine from Gilead Sciences (NASDAQ: GILD), Inovio Pharmaceuticals (NASDAQ: INO) and others. Smaller stocks piggybacked on the positive attention and attracted investors.
Penny stocks provide some of the best opportunities for short-term gains in the healthcare industry. The coronavirus also created many buying opportunities and depressed the prices of stocks across the board.
Best Online Brokers for Healthcare Stock
The broker you choose will likely affect the success of your trades within the healthcare industry. If you are a short-term trader, it’s especially important that you pick an online broker that you can trust. You’ll need a broker with good execution, an intuitive user interface to minimize human error and a timely news service for up-to-the-second reports.
Consider these online brokers as a great match for your investment style. Certain brokers don’t deal in penny stocks, so make sure you pick a broker that does.
Brokers that deal with penny stocks may also charge additional commissions, depending on how difficult the stock is to obtain. Consider these fixed costs in your investments.
Interactive Brokers is a comprehensive trading platform that gives you access to a massive range of securities at affordable prices. You can buy assets from all around the world from the comfort of your home or office with access to over 150 global markets. Options, futures, forex and fund trading are also available, and most traders won’t pay a commission on any purchase or sale.
IBKR is geared primarily toward experienced traders and investors but now with the availability of free trades with IBKR Lite, casual traders can also acclimate to IBKR’s offerings.
- Access to international markets
- Active traders
- Detailed mobile app that makes trading simple
- Wide range of available account types and tradeable assets
- IB SmartRouting provides significant price improvement vs. industry
- Fractional trading allows investing regardless of share price
- Industry’s lowest margin rates
- Earn more by lending your fuly-paid shares
- Beginner investors might prefer a broker that offers a bit more hand-holding and educational resources
80% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Plus500 is an online CFD broker focusing on contracts for difference (CFDs). CFDs are similar to binary options in the U.S. where traders take all-or-nothing speculation on the prices of certain securities like indices, commodities or currencies. While not legal to trade in the U.S., CFDs are legal in many jurisdictions across the globe and Plus500 offers a wide array of tradable markets using these instruments.
Plus500 doesn’t charge commission and only profits off the spread, which is the difference between the buy and sell price of a specific security. But Plus500 is not a broker for beginners — the education materials are sparse and CFDs are risky derivatives capable of sapping out all of an investor’s capital. Only trade these instruments if you understand how they operate and the risks involved with buying them.
The Plus500 CFD platform is for CFDs. The Plus500 Futures platform offers futures for U.S. customers, and Plus500 Invest offers stock trading.
- Traders looking for a smooth mobile experience
- Great mobile app
- Low spreads and commissions
- Unlimited demo account
- Only derivatives are available
- Not open to U.S. residents
Public is the only investing platform that lets you trade stocks, ETFs, crypto, bonds, options and alternative assets—like fine art and collectibles—all in one place. Public also provides access to custom company metrics, live shows about the markets, and insights from a community of millions of investors, creators, and analysts.
Today, Public provides more ways to create a diversified portfolio than nearly any other online broker. Members can engage in sophisticated investing strategies and access a wealth of investing insights—from company-specific analysis to live audio shows and town hall-style Q&As. In addition, Public offers a premium membership tier with unique company KPIs, detailed performance metrics, and institutional-grade research.
- Stock and ETF investors
- Crypto investors
- Investors looking to diversify with alternative assets or bonds and options
- Commission-free stock and ETF trading
- Fractional share investing
- Advanced data, tools, and insights with Public Premium
- You can’t transfer crypto to another wallet
- No mutual funds or precious metals
- At this time, only offers individual brokerage accounts and not IRAs
Robinhood is a popular trading platform known for its commission-free trades and user-friendly mobile app. Ideal for novice investors, Robinhood makes it easy to buy and sell stocks, ETFs and cryptocurrencies. The platform offers a straightforward, no-frills experience, making it accessible for users new to investing. With features like fractional shares and a sleek interface, Robinhood lowers the barriers to entry for investing, allowing users to start with just a few dollars. It lacks the advanced tools and research options that more experienced investors might seek. Overall, Robinhood is a great choice for beginners seeking a simple way to invest.
- Beginners looking for simplicity
- Mobile-first investors
- Commission-free trades
- User-friendly mobile app
- Instant double
- Cash management
- Access to cryptocurrencies
- Limited research tools
- No mutual funds available
- Basic customer support options
TradeZero is an online broker and free stock trading platform that provides everything you need to successfully share and trade, including round-the-clock customer support. TradeZero provides four different trading state-of-the-art software programs with its services, a locator for sourcing shares for shorting, commission-free trades, and real-time streaming, to name a few of the features promoted on their website. The software is a unique and (potentially) affordable option for anyone interested in stock trading.
- Traders seeking high transparency and mobility in a stock trading program
- Those attracted to commission-free trades
- Those seeking a free version of a high-quality trading program
- 24/7 live customer support
- Uses ZeroWeb technology, a powerful level 2 online platform with direct market access
- Mobile app allows users to access stocks and trade in real-time while on the go
- Enforces Pattern Day Trading restrictions (accounts need to maintain a daily equity balance of at least $25k)
- Mobile app could offer more features
Profit from Healthcare Penny Stock
Healthcare is an important investment sector to watch. It may become more volatile than normal and provide many trading opportunities.
Don’t let the lure of quick profits distract you from proper research to vet trades. There are plenty of opportunities to make money, but profitability can come at the expense of unprepared investors. Learn how to trade penny stocks and put your healthcare research to work.
Frequently Asked Questions
What is healthcare penny stocks?
Healthcare penny stock is shares of low-value companies that are related to the healthcare industry.
Are healthcare stocks a good investment?
Healtcare is an industry is always in demand, making healthcare stocks a typically good investment.
Which healthcare penny stocks should I invest in?
You can find Benzinga’s list of recommended healthcare penny stocks on the list above.
The post Best Healthcare Penny Stocks by Chris Davis appeared first on Benzinga. Visit Benzinga to get more great content like this.

