5 Best Penny Stocks To Buy Now

2. Clear Channel Outdoor Holdings Inc (NYSE:CCO)

The number of funds from our database that hold shares of Clear Channel Outdoor Holdings Inc (NYSE:CCO) went up to 30 from 27 during the third quarter. Among these funds, Kenneth Mario Garschina’s Mason Capital Management and Don Morgan’s Brigade Capital are the top shareholders with $35.83 million and $18.35 million worth of stock, respectively.

We like outdoor advertising stocks but CCO is a highly leveraged stock. Its market cap is merely $650 million, but its enterprise value is more than $7 billion. Huge leverage means huge upside potential if things go well.