How & Where To Find Penny Stocks To Buy – Wall Street Survivor

There is no shortage of places that offer a shopping cart full of penny stocks. Finding them is easy, picking the right ones is the tough part.

Alright, so you have a grasp on what penny stock are and you have concluded that the penny stock market is right for you. You may be wondering where to get started, how to find penny stocks, and how to buy penny stocks. This is the tricky part because a lack of research, and purchasing too quickly can lead to costly mistakes and losses.

To Find Penny Stocks:

There are many websites that will offer lists of excellent penny stock investments. This is where it is important to proceed with caution and be able to differentiate between legitimate penny stocks and those that are victims of pump and dump schemes (see list below for tips on how to avoid stock scams). Finding a website that lists penny stocks is only a starting point. A good place to start is Wall Street Survivor’s Investing Ideas page which lists various penny stocks. Another option is to use MSN’s Stock Screener which allows you to filter stocks based on desired criteria like price per share.  But it’s also important to know how to find GOOD penny stocks. After going through various lists online, make sure to research each company individually. You can evaluate companies using a fundamental analysis approach or a technical analysis approach, the latter being more common for penny stocks.

5 Tips To Avoid Stock Scams

The pump and dump and other stock scams are some of the most common internet frauds. An informed investor is able to spot these scams and cut potential significant losses.

Here’s 5 tips how to avoid those scams:

1. Consider it a scam until you can prove otherwise

   If you come across a penny stock recommendation (or any stock for that matter) look for the source of the report. This advice may well come from insiders of the company or paid promoters who stand to profit from your trade. 

2. Investigate the company

   Carefully read their financial statements, the prospectus and any other information you can get your hands on. Although some information may be hard to come by, the more you gather the better.

3. Look for the exchange

   While some penny stocks may be found on the major exchanges such as the Nasdaq and NYSE, they often do not meet their listing requirements. Instead they can be found on over-the-counter bulletin boards and pink sheets which generally involved increased risk and exposure to price manipulation.

4. Verify their claims

   Penny stock promoters will often claim that the company is about to release the next big drug pending FDA approval or has access to a gold mind that once excavated will increase the company’s earnings exponentially. The claims are often the bait to get you to buy, make sure that you can find supplemental information that backs these claims from legitimate sources.

5. 
   

   Always be skeptical

   
   

   There is no way to get rich quick. If it sounds to good to be true, it probably is. If you see a company claiming that they can teach you how to find penny stocks before they explode, do some digging.

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The Best Stock Newsletters as of June 29, 2025

Ranking of Top Stock Newsletters Based on Last 3 Years of Stock Picks

We are paid subscribers to dozens of stock newsletters. We actively track every recommendation from all of these services, calculate performance, and share the results of the top performing stock newsletters whose subscriptions fees are under $500. The main metric to look for is "Excess Return" which is their return above that of the S&P500. So, based on last 3 years ending June 29, 2025:

Rank	Stock Newsletter	Stock Picks	Average Return	Excess Return	Percent Profitable	Max % Return
1.	Alpha Picks	76	63%	40%	73%	969%
	Summary: 2 picks/month based on Seeking Alpha's Quant Rating; Retail Price is $499/yr. See details in our Alpha Picks Review.			July, 2025 Promotion: Save $100
2.	Moby.co	308	43.3%	12.3%	74%	1764%
	Summary: 60-150 stock picks per year, segmented by industry; Retail Price is $199/yr. Read our Moby Review.			July, 2025 Promotion:Next pick free!
3.	Stock Advisor	72	41.2%	6.9%	78%	258%
	Summary: 2 picks/month and 2 Best Buy Stocks lists focusing on high growth potential stocks over 5 years; Retail Price is $199/yr. Read our Motley Fool Review.			July, 2025 Promotion: Get $100 Off
4.	Value Investor	39	17.5%	6.1%	38%	410%
	Summary: 10-25 stock picks per year based on Zacks' Quant Rating; Retail Price is $495/yr. Read our Zacks Review.			July, 2025 PROMOTION:$1, then $495/yr
5.	Rule Breakers	66	40.0%	4.7%	61%	311%
	Summary: 2 picks/month focusing on disruptive technology and business models; Lifetime average return of 355% vs S&P500's 149% since 2005; Now part of Motley Fool Epic. Read our Motley Fool Epic Review.			Current Promotion: Save $200
6.	TipRanks SmartInvestor	121	10.6%	3.7%	55%	340%
	Summary: About 1 pick/week focusing on short term trades; Lifetime average return of 355% vs S&P500's 149% since 2015. Retail Price is $379/yr. Read our TipRanks Review.			Current Promotion: Save $180
7.	Action Alerts Plus	394	20.0%	3.4%	57%	220%
	Summary: 100-150 trades per year, lots of buying and selling and short term trades. Read our Jim Cramer Review.			Current Promotion: None
8.	Stock Advisor Canada	36	32.3%	0.5%	69%	378%
	Summary: 1 pick/month from the Toronto stock exchange; Retail Price is CD$199/yr. Read our Motley Fool Canada Stock Advisor Review.			July, 2025 Promotion: Save $100
Top Ranking Stock Newsletters based on their last 3 years of stock picks' performance through May 31, 2025 as compared to S&P500. S&P500's return is based on average return of S&P500 from date each stock pick is released. NOTE: To get these results you must buy equal dollar amounts of each pick on the date the stock pick is released. Investor Business Daily Top 50 based on performance of FFTY ETF.