The penny stocks to watch in June 2020 cover a wide range of prices and sectors. This market is CRAZY. There are SO many plays. Everything from coronavirus plays to thermal imaging and back-to-work plays.
And now … police equipment plays are heating up.
May was one of my best trading months in years. June is off to a solid start. I almost can’t keep up. This is the best penny stock market I’ve seen in years. So if you’re trading — take advantage of it. If you’re still learning — study. Every. Single. Day.
Every day, I create a watchlist of five to 15 stocks to watch. Then I do a quick write-up of what I’m looking for and why I’m watching the stock. The watchlist then goes out to my students on Profit.ly.
Let’s get right to the list of top penny stocks to watch in June 2020…
Top 5 Penny Stocks to Watch June 2020
Before you read the list of penny stocks to watch in June…
[Disclosure: Some of the stocks mentioned below have been traded or otherwise discussed by Tim Sykes as part of his daily watchlist provided to Trading Challenge, TimAlerts, Pennystocking Silver, and Millionaire Masters Program subscribers. Tim Sykes may or may not hold open positions on these stocks at any given time. This list is not a recommendation to buy or sell any stock. Do your due diligence. Full earnings claim disclosure here.]
You can learn a lot from the first of our five penny stocks to watch in June 2020. Check it out…
Kronos Advanced Techs Inc. (OTCPK: KNOS)
KNOS is a low-priced junker that’s been on my daily watchlist a few times recently. It’s also a stock I’ve traded six times since March.
The company manufactures air purifiers, personal protective gear, and ozone laundry systems. They also sell a portable UV disinfection box for phones and masks.
Here’s the KNOS six-month chart:
As you can see on the chart, the first spikes happened in March when the company sold out of its wearable air purifiers and masks. After trading sideways for most of April and May, the stock spiked again…
One penny stock catalyst I teach is the billionaire play. KNOS spiked on news the company partnered with original Shark Tank investor Kevin Harrington to do infomercials. The announcement doesn’t call Harrington an investor. But the news has a similar message…
“Successful businessman believes in this tiny company.”
Check out the KNOS 10-day chart:
KNOS is a low-priced play still worth watching. Stocks like this can launch into a supernova with the right catalyst. Especially in this crazy market. But don’t just buy randomly, watch for better price action and news with volume. For me, the higher KNOS goes the more I’m watching for a big morning panic.
Genius Brands International Inc. (NASDAQ: GNUS)
Genius Brands International is a media company focused on animated content. It has several animated children’s shows on various platforms. Its portfolio includes a collab with Warren Buffett. Seriously. It’s called “Warren Buffett’s Secret Millionaires Club.”
GNUS first hit my watchlist on May 7. The prior day it ran nicely after-hours thanks to several chat rooms and Twitter pumpers. This registered direct offering announcement caused it to drop roughly 75% on May 8. But the announcement also teased the upcoming Kartoon Channel! and a children’s series called “Rainbow Rangers” on Nick Jr.
Check out the GNUS three-month chart:
On May 13, GNUS spiked more on this shareholder letter talking up the Kartoon Channel! launch. The stock trended up for several days thanks to Twitter pumpers and chat rooms. Then on May 28, Genius announced another offering and the stock tanked over a dollar in a few minutes.
Here’s the GNUS 10-day chart:
The offering on May 28 is obvious — it’s the huge crack. But this stock just keeps coming back. In two days it managed to claw its way back to near the pre-offering high of $2.82 per share.
I’m very cautious with GNUS. It’s been pumped so much on Twitter. It’s crazy that it keeps going. They keep doing offerings, there are warrants at much lower prices … but people don’t seem to care. And that’s just a sign of the times. So watch GNUS … I think it’s gonna have a nice morning panic one of these days.
Transportation and Logistics Systems Inc (OTCPK: TLSS)
TLSS is another low-priced stock benefitting from the coronavirus pandemic. The company operates two subsidiaries: PrimeEFS and ShypDirect. PrimeEFS is a delivery/logistics company for e-commerce sellers. ShypDirect operates GPS-equipped trucks, tractors, and vans.
TLSS was a solid first green day OTC spiker on April 28. The company’s preliminary Q1 results focused on increased online ordering during the pandemic. Then it announced a new website on May 18.
Here’s the TLSS two-month chart:
I’ve traded TLSS five times since April 28 for a total of $14,285 in profit.** The first trade was the OTC first green day already mentioned. The other four were all panic dip buys.
(**My results are not typical. I have exceptional knowledge and skills developed over time. Most traders lose money and trading is risky. Do your due diligence and never risk more than you can afford.)
The big red candle on June 1 was based on 2019 year-end earnings. When stocks like TLSS start to drop it can be like a bouncing ball. It’s shown it can run on big volume with a news catalyst. I’ll also keep watching for more dip-buying opportunities.
Wrap Technologies Inc. (NASDAQ: WRTC)
Wrap Technologies is a security tech company. Its main product — BolaWrap — is a restraint device. It fires an eight-foot kevlar bola tether that wraps around someone from 10–25 feet away.
This stock is spiking based on the rioting and civil unrest we’ve seen around the country for the past week. It offers a non-lethal method of restraint where police don’t need to be too close. Which has benefits during the pandemic.
Check out the WRTC three-month chart:
Wrap Technologies will be featured on Fox Business Networks at 11:15 a.m. Eastern on June 2. WRTC hit a 52-week high on June 1. It could have a clean breakout with the right news catalyst — like a big contract win. I’ll also watch it for any big morning panic.
Now for the last of our top penny stocks to watch in June 2020…
Cemtrex Inc (NASDAQ: CETX)
Cemtrex is a tech company involved with video surveillance. On June 1, its subsidiary Vicon announced the release of a body temperature camera. Thermal imaging is hot right now as the country comes out of lockdown.
As you can see from the two-day chart below, CETX spiked on the news closing up 142% on the day.
CETX has a history of failed spikes. So if you trade it, don’t overstay your welcome. Trading volume on June 1 was the stock’s highest ever, so I’m watching to see what happens.
It’s very choppy — I don’t want to chase. I’m watching for a big morning panic or a morning spike, ideally with news and big volume. If it manages to hold its gains and run higher over multiple days, it could lead to an even better morning panic.
That’s it for the top penny stocks to watch for June 2020. Here are some tips on how to choose stocks for your watchlist. Also, I’ll answer some frequently asked questions…
How to Use This Penny Stocks to Watch List
Keep in mind that my strategies involve trading some of the fastest moving, most volatile stocks in the entire market. That said, some of the stocks on this list could be completely out of play by the time you read this. (Yes, even after only one day, stocks sometimes leave my list.)
The point is … don’t use this list as a signal to buy any stock. I don’t put stocks on my watchlist based on fundamentals. It’s not that I don’t look at fundamentals. But I’m not gonna lie to you. (Like so many other ‘top penny stocks to watch’ articles.) I won’t tell you to buy and hold a stock because “the market is undervaluing this stock.”
Frankly, that kind of thinking with penny stocks is … total BS. Most penny stocks fail. Just like most traders — roughly 90% — lose. So use this list — and each of my monthly penny stocks to watch lists — as a tool for learning to create your own watchlist.
Can You Trade Penny Stocks?
If you’re brand new to penny stocks a great place to start is with my FREE penny stock guide.
Once you go through the entire guide, I suggest you read “The Complete Penny Stock Course” written by my student Jamil (I wrote the forward). That book answers so many of the most frequently asked questions that it blows my mind more people haven’t read it.
With the internet and online brokers, you can trade penny stocks from anywhere in the world. As far as the basic requirements, you only need a decent laptop, solid Wi-Fi, and a trading account. But don’t be fooled into thinking you’re gonna succeed if you jump right in.
Because 90%+ of traders lose. So be willing to invest in your education — because if you don’t, the market will make you pay a much higher price.
Now for five tips on how to choose the best penny stocks to watch…
5 Tips on How to Choose the Best Penny Stocks to Watch
Tip #1: Look for Big Percent Gainers
My method of choosing which penny stocks to watch always starts here. At the end of every day — and again in premarket — I look for the biggest percent gainers. And that’s what I focus on. I’m not interested in stocks that aren’t on the move.
I use StocksToTrade stock scanning software. With 40+ built-in scans — some created specifically for my strategies — it’s amazing right out of the gate. Yes, you can also create custom scans. (Hint: when you start using the software, there are a bunch of training videos on how to set those up. Take advantage.)
Tip #2: Look for Big Volume
The next thing to look for when choosing the best penny stocks to watch is trading volume. Sometimes stocks gain momentum and spike big even without news. Especially when there’s enough volume.
After I find the big percent gainers, I organize them according to trading volume. Be aware of dollar volume traded, too. If you have a true penny stock trading at 2 cents a share, and it trades one million shares, that’s still only $20K. You have to be meticulous.
Tip #3: Look for a News Catalyst
The next thing I look for when choosing penny stocks to watch is what’s making it move? Is there a press release announcing a new contract? What about positive earnings?
In biotech and pharma penny stocks you might see news of test results. Read this post to learn more about catalysts.
(Also read chapter II.7 Understanding Catalysts in “The Complete Penny Stock Course.” If you already have the book … it starts on page 183. If you don’t have it … get it now.)
Tip #4: Look at the Long-Term Chart
When you’re trying to find the best penny stocks to watch, it’s easy to get fooled by one-day or one-time spikers. So look at long-term charts to see if the stock has a history of multi-day runs or has gone supernova in the past.
Which long-term charts? As many as you have time for, really. But at the very least, look at the one-year chart. I like to look back a couple of years depending on the stock and the news. If the stock trades a certain way when the company announces a big contract, I want to know.
Tip #5: Use the Twitter Scanner on StocksToTrade
It might sound a little strange if you’re new to penny stocks. But if you want to understand which penny stocks to watch, one of the best ways is to see what others are watching. Or, more accurately, hyping.
Yes, Twitter has become a vehicle for influence with stock traders. Want to know which penny stocks are being heavily shorted because they’re up 50%? Check out Twitter. Use StocksToTrade because the scanner is built-in. All you have to do is open the Twitter scanner and, voila, you get a running feed of stock tweets. And you can customize the feed if you like.
Frequently Asked Questions About Penny Stocks
I get a lot of questions from students. Thing is, my students already accept that penny stocks provide a massive opportunity. And they’re studying to learn the strategies and rules.
But there are a lot of misconceptions about penny stocks. And I want to address a few of those now…
What Are Penny Stocks?
Penny stocks are micro- and nano-cap company stocks that trade for less than $5 per share. Many trade via OTCMarkets, but penny stocks can also be found on large exchanges like the NYSE and Nasdaq.
Are Penny Stocks Worth it?
Penny stocks are suitable as trading vehicles but not long-term investments. Most penny stock companies eventually fail.
How to Watch Penny Stocks?
1.) Focus on big percent gainers. 2.) Look for high volume 3.) Search for a news catalyst 4.) Look for a history of spikeability on the long term chart. 5. Use a scanner like StocksToTrade. (StocksToTrade was designed for penny stocks.)
Are Penny Stocks Dangerous?
All trading involves risk. If you are willing to learn appropriate patterns, rules, and strategies, penny stocks are no more dangerous than other trading instruments.
For the uneducated — and stubbornly refusing to get educated — penny stocks can be dangerous. Which is exactly why you have to learn my patterns, rules, and strategies. I trade conservatively with a small account to focus on teaching.
If you’re willing to follow the rules and strategies I teach…
… and you’re willing to trade conservatively with small positions as you learn…
… then penny stocks don’t have to be dangerous. That doesn’t mean you’ll never lose. I lose roughly 25% of the time and my winning percentage is exceptional. But you can be successful with a lower winning percentage. So a better question than whether penny stocks are dangerous is…
… are you willing to put in the time and effort to learn what you need to learn? If so, apply for my Trading Challenge today.
If Most Penny Stock Companies Fail, Why Not Just Short Sell?
Because it’s a very dangerous, overcrowded game right now. The level of risk so many moron newbie short sellers take these days is unconscionable. It’s completely crazy.
Of course, you can be successful as a short-seller. Many of my top students focus on short selling and I’ve personally made millions from short selling. But the number of messages I get almost daily from short-sellers getting caught in short squeezes is … scary.
How Much Money Do I Need to Get Started?
I’m going to say, again, invest in your education first. It doesn’t take a huge amount of money to get started trading. Different brokers have different account minimum requirements. (I use these brokers and avoid offshore brokers altogether.)
But the market will make you pay more if you aren’t prepared. Preparation is key. The stock market is a battlefield, so arm yourself accordingly. Keep in mind that my top students all studied hard over time to get consistently profitable. Tim Grittani — arguably the best penny stock trader in the world — didn’t make anything for nine months.
So before you fund a trading account, fund your knowledge account. If you’re not quite ready for the Trading Challenge, try Pennystocking Silver. It gives you access to more than 6,000 video lessons. (You also get access as a Trading Challenge student, of course.)
Conclusion — Penny Stocks to Watch (June 2020 Watchlist)
Your goal as a trader is to become self-sufficient. And my goal is to be the mentor to you that I never had. So I hope you’ll take this list of the best penny stocks to watch in June 2020 and use it as a learning tool.
👉🏼SUBSCRIBE to my FREE weekly stock watchlist here.
Focus on the process. The best way to learn which penny stocks to watch is to make a daily watchlist yourself. Follow the five tips above. It doesn’t matter if every stock on your list is not perfect. Or doesn’t play out the way you thought. You get better by making your daily watchlist and then seeing what happened during the trading day.
… this list of penny stocks to watch is NOT a recommendation to buy. Also, my results are not typical and I’ve developed exceptional skills over two decades of trading.
What do you think of the top penny stocks to watch in June 2020 watchlist? Comment below, I love to hear from all my readers!