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These 2 Penny Stocks Could Rally All the Way to $11, Say Analysts

At its January FOMC meeting, the Federal Reserve held interest rates steady – they are near rock-bottom now, and to no one’s surprise, the Fed is keeping them there. Fed Chairman Jerome Powell may have fed some market pessimism when he spoke after the meeting, and pointed out that unemployment, which has been rising in recent months. For market watchers seeking support, there is solace in the Fed’s monetary policy. The central bank is committed to buying $80 billion monthly in Treasury notes, and has put a rate increase on hold, likely until 2023. At least one top strategist sees the current market environment in terms of opportunity. JPMorgan strategist Marko Kolanovic takes a bullish stance, writing, “We expect the global COVID pandemic to decline rapidly in the coming weeks. In fact, the pace of decline in new cases over the last 2 weeks is the highest on record both in the US and globally… Central Banks should remain accommodative given the elevated unemployment levels and over a decade of low inflation running below their targets… Short-term turmoil, such as the one this week, are opportunities to rotate from bonds to equities.” Taking this outlook into consideration, we set out to find exciting opportunities that won’t break
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