My view is that expansionary monetary policy in the second half of 2024 is likely to be a major catalyst for a broad-based market rally. It’s therefore a good time to accumulate high-quality growth stocks. At the same time, risk taking investors can consider exposure to undervalued penny stocks that can potentially go ballistic.
While I am looking at a near term catalyst, the focus of this column is on penny stocks to buy and hold until 2027. During this period, I believe that the penny stocks discussed are likely to deliver 7-bagger returns.
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