Analyst forecasting 15% growth in these less than $10 stocks for April

Q2 2024: From Bear to Bull – Time to Ride the Wave!

It’s that exciting moment when the markets swing from gloom to glow. The S&P 500 is hitting new highs, and investors are feeling the bullish vibes. This is a perfect backdrop for some specialty stocks that are set to climb, especially in April.

Spotlight on Two Hot Picks: UEC & NGD

Uranium Energy Corp (UEC) – With uranium prices surfing upward, UEC is gearing up to start operations in Wyoming. Analysts predict a 15% jump for April. The combination of rising demand and a fresh production launch makes UEC a standout.
New Gold Corp (NGD) – Gold is soaring, and NGD has outperformed its own production forecasts thanks to a high‑output mine. The firm’s performance, paired with the glowing gold market, suggests a similar 15% lift in April.

Small Market Moves – Big Surprises

While the giants are eye‑catching, some tiny stocks are quietly humming potential gold. Saqib Iqbal, a sharp analyst from Trading.Biz, believes that rising risk appetite can turn these little players into big gains. He picked:

Stock A – Trading under $10, out performance is brain‑y. He expects a 15% gain this month.
Stock B – Similarly priced, but with a slick story behind its growth. The forecast? Same 15% jump in April.

Even though these companies are small, their stories are loud—consistent wins, strategic moves, and a price point that lets investors bet with less money.

Bottom Line: Keep Your Eyes on UEC, NGD and the Tiny Winners!

With the market shifting toward optimism, it’s a perfect moment to consider uranium, gold, and well‑positioned small stocks. The potential 15% return in April could boost portfolios without breaking the bank.

1. Uranium Energy (NYSE: UEC)

Uranium Prices Boom, Investors Buzz

Current Market Pulse

Uranium, the energy‑fuel that powers nuclear reactors, has shot up to a record high of $105 earlier this year. While it dipped a bit after that peak, analysts reckon the upward trend is far from over—welcome back, pocket money hunters!

Why UEC Is a Smart Bet

“If you think the world’s moving toward nuclear power, UEC might be your ticket in,” says Saqib. “Uranium’s playing a starring role, so UEC could be the doorway for investors who want to jump on this wave.”

Wyoming Expansion: A Golden Ticket

UGC will kick off operations in August at a state‑of‑the‑art processing plant.
Its Wyoming holdings boast over 66 million pounds of uranium reserves.

Stock Snapshot & Future Scope

UEC has already surged by 8.85% this year, potentially climbing to $8—a hopeful 15% jump from today’s price. That’s more than just a number; it’s a sign of growing confidence in the nuclear sector.

2. New Gold (NYSE: NGD)

Gold‑Guzzling NGD: Your Portfolio’s New Best Friend?

Buckle up: since the start of 2023, New Gold (ticker NGD) has leapt over 17%. If gold’s price keeps hitting record highs, this penny stock might just be the snack you didn’t know your portfolio needed.

Why Investors are Turning Bankers into Gold‑Hunters

Defensive & Growth Combo: Saqib says NGD can cushion the blows while also giving a nice lift.
Gold‑Price Reflex: When gold nudges above $2,300, expect NGD to reach the $3 mark.
Solid Production: Last year NGD hit 423,517 ounces—well above its 365,000‑425,000 target.
Mining Marvels: Rainy River exceeded guidance, and New Afton outperformed expectations.

With gold prices flirting with all‑time highs, NGD is only a matter of time before it takes off. If you’re after a mix of safety and upside, keep an eye on this little handful of gold.