After some volatile trading to start the month of August, the U.S. stock market is regaining its bullish momentum. With the Federal Reserve expected to cut interest rates in mid-September amid signs that inflation is slowing down, investors are hoping the economy is headed for a rare “soft landing,” and investors have rediscovered their appetite for riskier assets. And when it comes to risky assets, penny stocks are worth discussing. These smaller, lesser-known companies have the ability to capture substantial market share in their field with just one major contract win or patent breakthrough,…