Introduction
In the volatile world of the stock market, penny stocks have always been a topic of fascination for investors seeking high returns with relatively low investments. The year 2018 was no exception, as several penny stocks emerged as hidden gems, offering substantial growth potential. This article delves into the top US penny stocks of 2018, highlighting their performance and potential for investors.
1. Cannabis Stocks
Cannabis Stocks were a major highlight in 2018. With the legalization of cannabis in several states and countries, the industry experienced exponential growth. Companies like CannTrust Holdings Inc. (CTST) and Aphria Inc. (APHA) saw significant gains during this period. These companies not only focused on cannabis production but also ventured into hemp-based products, further enhancing their market potential.
2. Blockchain and Cryptocurrency Stocks
The blockchain and cryptocurrency sector also saw remarkable growth in 2018. Penny stocks like Canaan Inc. (CAN) and Marathon Patent Group Inc. (MARATHON) experienced substantial gains due to their involvement in blockchain technology and cryptocurrency mining. As the industry continues to evolve, these stocks present a promising opportunity for investors.
3. Healthcare Stocks
The healthcare sector has always been a stable investment option, and 2018 was no different. Companies like Insys Therapeutics Inc. (INSY) and Amarin Corporation (AMRN) saw significant growth due to their innovative drug products and partnerships. These stocks are expected to continue their upward trajectory as the healthcare industry continues to evolve.
4. Biotech Stocks
Biotech stocks, particularly those involved in gene therapy and immunotherapy, emerged as a major player in the penny stock market in 2018. Companies like bluebird bio, Inc. (BLUE) and Regenxbio Inc. (RGNX) saw substantial growth due to their groundbreaking research and development. These stocks offer investors a chance to be part of the next generation of healthcare innovation.
5. Green Energy Stocks
The green energy sector experienced significant growth in 2018, with several penny stocks making a mark. Companies like Sunrun Inc. (RUN) and First Solar Inc. (FSLR) saw substantial gains due to their focus on solar energy and renewable power solutions. As the world continues to shift towards sustainable energy, these stocks present a promising investment opportunity.
Conclusion
2018 was a banner year for penny stocks, with several companies emerging as hidden gems. From cannabis stocks to biotech and green energy, there were numerous opportunities for investors to capitalize on. As the market continues to evolve, these sectors are expected to grow even further, making them a promising investment option for 2019 and beyond.
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