Investing in Stocks: What are all these different types?

I believe stocks to be the most valuable and value creating way to invest. I also believe now is one of the best times we have seen in the past 20 years to get into investing. Sure, the stock market is very panicky right now, but that has only led to very large discounts on great stocks that have not lost their value at all. Before we jump into stocks that are very appealing to me, let me go into some of the different types of stocks and what to expect from each genre of stock.
Growth Stocks – These large sized companies do not pay a dividend, but instead reinvest their earnings into ongoing projects in order to maximize their company growth. A good example of a successful growth stock is Apple (APPL).
Value Stocks – Small to medium sized companies that are trading at less than their actual value based on financial data. Value stocks can reap large growth rates once the market reacts to the appropriate value of the stock’s worth.
Blue Chip Stocks – Blue Chip stocks are large companies that are considered low risk, safe options for a slow growth rate. Blue chips usually offer a modest dividend percentage of the stock price usually ranging in the 1 to 3% range. Large sums of money can stay most safely here when investing with stocks.
Domestic Stocks – Any stock that is home and does its business nationally is considered a domestic stock.
ADR’s – ADR stands for an American Depository Receipt of a stock that is supported by a U.S. bank for the shares that the bank owns in order to transfer all dividend yields from the original countries currency to U.S. dollars. ADR’s are popular and an excellent idea for anyone wanting to gain international stock exposure while being able to have actual realized stock gains in U.S. dollars.Penny Stocks – Any stock that trades at a lower price, usually below $5, and is considered to carry much more risk and experience more volatility than the rest of the market. Penny stocks are usually traded on smaller stock markets such as the AMEX stock exchange, Over the counter bulletin board stock exchange and others. While penny stocks are very risky, the flip side is their quick and high dollar gains which ends up either losing or making you a lot of money.