Join the NASDAQ Community today and get free, instant access to portfolios, stock ratings, real-time alerts, and more! Penny stock picks aren't easy to come by, since these stocks are by nature small cap companies with little coverage.

These penny stocks also tend to see red hot volatility, since stock prices can move dramatically even on low volume. To help you get your share with a penny stock investment strategy, I've made a list of 12 hot penny stocks to buy this week -- including investment in Sirius XM Radio Inc. SIRIVonage Holdings Corp. VGTower Semiconductor Ltd. TSEMJoe's Jeans Inc.

JOEZjust to name a few. I always place a high priority on a stock's fundamental strength. That is, how it has performed in previous earnings reports and how profit and sales forecasts look going forward.

NOK stock quote - Nokia Corporation Sponsored American Depositary Shares price - yvajotefihy.web.fc2.com

These are concrete numbers that let you know in black and white how a stock pick will perform. But penny stocks often aren't covered by analysts on Wall Street so there are no earnings estimates to beat, and very little stock news coverage. That means a hot penny stock must be identified by other means. This can be difficult and a bit of work, depending on your investment strategy, but if done properly it can really pay off.

One thing to look at to identify hot penny stocks to buy is a company's sector. Chances are if the industry is booming, that this hot stock has a better chance to be lifted as well. Right now my trading strategies favor healthcare, telecom and technology the most.

Nokia – the original mobile phone, updated | Nokia Phones

That's not to say you can't find a penny stock outside these sectors, but these are the best place to start. Next, I look at buying pressure behind a penny stock -- also known as quantitative pressure, or "quant. In the absence of any buyers, a penny stock can spiral downward in a hurry since there is no quantitative pressure to support stock prices.

It's simple supply in demand -- you want a penny stock with high quant because that signifies more people are buying than selling. Lastly, I look at a stock's fundamentals. Normally I do this first, but as I said it can be tricky for penny stocks since they by nature have smaller sales and profits as a small cap stock and because analyst coverage can be sparse. You also have to have a little perspective when looking at penny stock fundamentals, since these investments are often startups on the verge of big success -- even if they are not wildly profitable right now.

Take Sirius XM SIRIfor example. The stock hasn't turned a profit in the last fiscal year, and that scares off many penny stock state bank of india forex branches in kolkata. Also, Sirius XM has narrowed its quarterly loss for oil forex trading review australia last three consecutive earnings reports, and has seen a number of positive earnings revisions to its next report.

Sirius appears to be on the resurgence, and that means SIRI stock is one of my favorite hot penny stocks to buy now. Media Stock Upgrades, Downgrades - SIRI, SNI, TWX, TV, CVC, BSY, IPG, MORN. VG shares the same attributes of Sirius XM in many respects. You get the idea, and hopefully you can understand why I think these are great penny earnest money deposit receipt to buy now.

So without any further ado, here's the list of my 12 favorite penny stocks as of this week. Remember that you should research each independently before buying to make sure it meets up with your trading strategies, and please use limit orders before purchasing any of these penny stocks. As I have said before, shares can gap up on low volume so you want to protect yourself from overpaying for these penny buy nokia stock now.

Should Investors Bet on a Nokia Recovery? -- The Motley Fool

And whatever your investment strategy is, keep in mind that while penny stocks can deliver big returns they also come with big risk. As of this writing, Louis Navellier did not own a position in any of these penny stock picks in either personal or client portfolios.

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Stock Picks - 12 Hot Penny Stocks to Buy Now May 24, This article appears in: ACLSAEZSAISCRXXICOGIMOSJOEZLTSMQMMSIRITSEMVG. More from Louis Navellier.

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