3 top penny stocks I might buy for the new bull market

first_img I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. See all posts by Royston Wild Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. Enter Your Email Address Royston Wild has no position in any of the shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Image source: Getty Images FREE REPORT: Why this £5 stock could be set to surge Get the full details on this £5 stock now – while your report is free.center_img Okay, the economic outlook remains pretty muddy as the Covid-19 crisis rolls on. But I’ve already started thinking about which stocks to buy for the new bull market. I’ve already zoned in on a number of penny stocks (UK shares that costs less than £1 each) to buy for the inevitable economic upturn.There’s pretty good incentive for me to start planning for the eventual bull market. The FTSE 100 doubled in value in less than a decade after the 2008 financial crisis. The value of the broader FTSE 250 more than trebled too. As a consequence many investors that bought cyclical shares in the depths of the financial crisis made fortunes as profits at many UK shares recovered strongly.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…Of course, investors like me need to remain extremely careful as the pandemic continues. However, with the right amount of research I think it’s possible to find top stocks that should ride out the public health emergency and deliver excellent shareholder returns over the longer term.Here are three penny stocks I’m considering buying in my Stocks and Shares ISA today for a new bull market:#1: Ready for take offThe risks to UK airline shares like Ryanair have grown recently as Covid-19 cases spike in mainland Europe. This threatens to derail a profits bounceback as travel restrictions are extended and, in some cases, expanded. That said, Ryanair has one of the strongest balance sheets in the business to help it ride out this fresh turbulence. And the long-term outlook for the budget travel segment remains robust. Indeed, analysts at GlobalData reckon that “the low-cost airline model will lead post-Covid recovery and help revitalize demand.”#2: Beauty queenI think Creightons is another top penny stock to buy for the new bull market. History shows us that spending on discretionary goods usually recovers strongly during the early parts of an economic recovery. So I expect trading at this UK share — a manufacturer of beauty and personal care products — to pick up strongly in the near future. What’s more, I think the company’s ‘cruelty free’ goods and wide range of vegan products will fly as the importance of ethical shopping grows. Be warned though, Creightons operates in a highly-competitive environment and strong sales growth cannot be guaranteed.#3: Home comfortsI’m also considering buying Topps Tiles in my ISA for the economic recovery. This isn’t just because of the likely uplift in broader consumer confidence once the Covid-19 crisis passes. A strong housing market in Britain should boost sales growth at the company too. UK home sales were 48.5% higher in February and I think ongoing government support and favourable lending conditions should keep the property market well supported. That said, Topps Tiles trades on a slightly-toppy forward price-to-earnings (P/E) ratio of 21 times. This could cause its share price to slump if sales disappoint for whatever reason. Royston Wild | Wednesday, 24th March, 2021 Are you on the lookout for UK growth stocks?If so, get this FREE no-strings report now.While it’s available: you’ll discover what we think is a top growth stock for the decade ahead.And the performance of this company really is stunning.In 2019, it returned £150million to shareholders through buybacks and dividends.We believe its financial position is about as solid as anything we’ve seen.Since 2016, annual revenues increased 31%In March 2020, one of its senior directors LOADED UP on 25,000 shares – a position worth £90,259Operating cash flow is up 47%. (Even its operating margins are rising every year!)Quite simply, we believe it’s a fantastic Foolish growth pick.What’s more, it deserves your attention today.So please don’t wait another moment. 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