Investors are weighing easing inflation and the start of the earnings season with one key question in mind: when will the Federal Reserve move to lower interest rates? Meanwhile, positive sentiment continues to surround the broader markets, including several penny stocks that are riding the bullish wave.
While penny stocks are smaller than mainstream companies, they offer investors the chance to own many shares affordably. However, fractional ownership of larger, stable companies is an alternative with lower risk and volatility.
Arcadium Lithium, a penny stock with a $3.7 billion market cap, is focused on becoming a top-three producer of downstream lithium chemicals needed for clean energy. Despite being a penny stock trading below $5, it has shown positive performance in July.
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