Would I buy high-growth cryptocurrency and cannabis stocks? Image source: Getty Images.
Cryptocurrency infrastructure provider Coinbase made a notable debut at the stock markets earlier this week. To me, this brings investor interest in high-growth stocks in segments like cryptocurrency and cannabis into sharp focus.
Cryptocurrency challenges
Consider the UK-listed cryptocurrency miner
Argo Blockchain. Its share price increase since the start of this year has been nothing short of meteoric. It has fallen from its highs in recent weeks, but the share price is still way above its levels last year.
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.
Is the Rolls-Royce share price undervalued?
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Rolls-Royce(LSE: RR) share price has been one of the big losers of the pandemic. However, as the world starts to move on from the crisis, the outlook for the company is improving. As such, I’ve been taking a closer look at the business to see if it could be worth adding the stock to my portfolio as a recovery play.
Rolls-Royce share price outlook
Rolls’ largest business is its civil aerospace division. This accounted for 41% of group revenues last year. Power systems and defence divisions made up 22% and 29% respectively. The remainder was other non-core business lines.
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.
This isn’t entirely true. Any company can qualify as a penny share if its stock is trading for less than £1 (100p). This means even large businesses with multi-billion-pound valuations could be eligible.
With that in mind, here are three penny stocks I’d buy for my portfolio today.
Penny stocks to buy
Photo-Me International(LSE: PHTM) operates and sells so-called instance service equipment such as photo booths, vending machines and laundry machines. This business can be incredibly profitable. Between 2015 and 2018, the company reported an average profit margin of 21%. That’s four times higher than the market average.
Deliveroo shares are bouncing back. Should I buy?
More on: Image: Deliveroo
Deliveroo(LSE: ROO) shares fell sharply immediately after its IPO, which grabbed widespread media attention. That was due to the brand’s high profile, the large value of the IPO, and the scale of the losses.
But it also generated headlines as it was one of the first companies to list after rule changes. These changes created a dual structure allowing founder and CEO Will Shu to hold on to more control of the company than would have previously been permissible.
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.
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