10 Stocks Under $10

10 Stocks Under $10 to Buy Now

Many investors may be scared off in these types of volatile markets. It may seem unwise to buy stocks with the market back so close to its all-time highs. However, those who buy low-priced stocks with big upside potential now will be able to reap the rewards, even if the market rally slows.

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  • With that in mind, there are plenty of great companies trading for less than $10 per share. That’s a price that allows investors to easily scale into an investment. And it can include a number of both large-cap and small-cap stocks, as well as those that provide both growth and value.

    Below are 10 stocks currently trading for under $10 that are poised for benefit from the stock market’s next rally.

    SoFi Technologies (SOFI)
      Industry: Financial Services

    SoFi Technologies operates as a personal finance company, that works to help individuals improve their financial status. The company also operates much like a traditional bank, offering services such as mortgages and refinancings, personal loans, student loans, and even credit card services.

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  • SoFi has quickly become one of the top players in the next generation of financial technology, otherwise known as fintech.

    The company first went public in late 2021, just in time for the most recent market peak. Since then, shares lost more than two-thirds of their IPO price.

    While the markets have been down, SoFi has been performing well. In 2022, SoFi saw a staggering 500 percent year-over-year increase in net revenue. And even with concerns about a slowing economy in 2023, revenues still grew by nearly 46 percent.

    The company continues to both meet and beat guidance expectations.

    Amid that backdrop, interest rates have started to increase, which has put a damper on loan demand. However, shares are looking ahead, and see that interest rates are likely near their peak for this cycle. That may be why shares continue to rise.

    One key sign that shares are undervalued has been the large amount of insider buying following a big drop from SoFi’s IPO. The company CEO alone has picked up millions of dollars of shares starting in the second quarter of 2022 – and continued buying through May 2023.

    With company insiders buying and the market skeptical of the company’s short-term performance, this is one company that may not stay under $10 for long.

    Kinross Gold (KGC)
      Industry: gold mining

    In times of economic uncertainty, investors often turn to gold. Investors first jumped into gold during 2020, amid fears that the pandemic stimulus would fuel inflation. It did. But as inflation peaked, gold prices pulled back. Today, with government spending still running high, money is starting to trickle back in.

    With gold prices off their highs from the last year, gold mining stocks have been performing weakly, even as their operations have been holding up well. When gold rallies again, these stocks tend to perform even better than the price movement in the metal itself.

    One inexpensive stock in this sector is Kinross Gold (KGC).

    The mining producer has operations in locations such as the United States, Brazil, Chile, and Canada. These locations are politically safe, which can be a concern for mining operations in some parts of the world.

    Even with gold prices flat over the past year, Kinross has been a strong performer. The stock is up about 25 percent from the lows it set in March 2023, as the price of gold has started to stabilize and move higher

    In addition to its exposure to the inflation-resistant gold market, Kinross also pays out part of its earnings in the form of a dividend. Investors can obtain a 2.4 percent yield at today’s prices. That’s on top of any price appreciation from shares.

    Transocean (RIG)
      Industry: Offshore oil services

    While most stocks spent the first half of 2022 selling off, energy stocks proved the best performing sector with a strong rally. Oil prices spiked to nearly $120 per barrel, but cooled off in the second half of the year to under $100.

    In 2023, oil prices moved lower, but production cuts from the OPEC+ cartel point towards a bullish cycle for oil in the latter half of the year.

    Investors have plenty of options with expensive, well-known energy companies. A potentially surprising winner here could be offshore oil services company Transocean (RIG).

    The company has been racking up new contacts, which has allowed revenues to rise, even as the energy sector has been unwilling to invest heavily in new sources – onshore or off, at least for the time being.

    The company trades at an excellent valuation relative to other industry players right now. That’s because energy investors tend to prefer onshore oil investments to offshore ones, given the costs. But if oil prices move higher and stay there – demand for offshore services will soar.

    That could lead to Transocean outperforming other names in the space on oil’s next move higher.

    Banco Bradesco (BBD)
      Industry: Regional banking

    2023 saw the second and third largest bank failures in U.S. history. Many smaller banks were beaten down on the news, and remain that way going into the second half of 2023.

    However, international banks have different capital requirements, and operate out of countries on a different interest rate cycle. Today’s bank investors may find better bargains elsewhere, such as Banco Bradesco out of Brazil.

    Besides providing traditional baking products like checking and savings accounts as well as loans for real estate, they also have insurance services. Since insurance tends to be more stable than banks during credit events, that gives Banco Bradesco some extra stability for investors.

    Plus, the bank trades right its book value, and goes for about 8 times earnings, about on par with some of the beaten-down U.S. banks right now.

    On the meantime, Banco Bradesco also pays a dividend. While that’s variable based on foreign exchange and the company’s earnings, the most recent yield was 5.4 percent, and future dividends will likely be in that range.

    With markets trending higher in 2023, foreign markets still look undervalued relative to U.S. ones, especially given the potential risks in the U.S. financial market.

    JetBlue Airways (JBLU)
      Industry: Airlines

    One of the most volatile industries of the past few years has been the airlines. The shutdown from the global pandemic impacted the industry heavily, but government support kept share prices strong in 2020 and into 2021.

    In 2022, that picture has changed somewhat. A weakening economy and rising interest rates could lead to a drop in consumer spending, which could impact spending on travel such as airlines.

    That’s caused some analysts to potentially see the company shares going to zero. However, that outlook appears too pessimistic. Air travel records began setting new highs again in 2023, and the industry is on the way to recovery… but there are still some bargains out there today.

    Even with global travel returning to normal, many of these companies haven’t performed well. JetBlue Airways is down about 20 percent. However, revenues are up 34 percent, and the airline industry is working on improving its efficiency. That bodes well for the trend ahead.

    However, shares have been knocked down as JetBlue is on track to merge with Spirit Airlines. The merger will turn the two regional carriers into a the next potential major national carrier. Less competition, especially in the regional space, could be great for JetBlue shareholders in the years ahead.

    Southwestern Energy Company (SWN)
      Industry: Oil and gas exploration

    Most Americans think of energy strictly as oil and gas. But a potential winner for investors could come from America’s ability to liquefy and export natural gas. With geopolitical events underway in 2022 that could put pressure on European energy use, LNG could be a crucial commodity – and American companies that produce is could be a big winner.

    One such company is Southwestern Energy Company (SWN). Based out of Texas, the company develops and exports oil, gas, and LNG. Unsurprisingly, shares of this company have perfroemd well as energy prices have been on the rise, but have since pulled back.

    While energy stocks are cyclical to energy prices, there’s room for long-term growth thanks to the company’s ability to liquefy natural gas.

    Southwestern Energy Company is just starting to turn a profit, with shares trading at less than 6 times earnings in the most recent quarter. Revenue jumped nearly 300 percent in 2022. Best of all, SWN has 46 percent profit margins, a massive level for an energy stock. If the company can continue with that level of profitability, it will likely start paying a dividend.

    Conventional energy stocks can have large, long-term cyclical moves. Investors who buy into the start of such a swing can create massive amounts of wealth. And with a valuation for the company of just over $7 billion, SWN could also see a buyout offer in the future from a larger energy player.

    BlackBerry (BB)
      Industry: Technology security

    The bear market that mauled stocks in the first half of 2022 hit tech companies considerably hard. One hard-hit company was BlackBerry.

    While best known for being an early leader in the smartphone industry, the company has transitioned into providing wireless security needs. That’s crucial for many technologies being developed today, such as self-driving vehicles.

    BlackBerry is building a leading position in this niche, but shares still trade like a beaten down tech stock. That won’t last forever. Revenues are growing, having topped $373 million in the second quarter of 2023 – a 122 percent jump from the prior year.

    And the company has gone from reporting big losses to nearly breaking even. Shares could be about to soar higher as BlackBerry returns to profitability.

    As a turnaround play, the market remains skeptical. When that tune changes, so will the share price with a big move higher.

    Microvast (MVST)
      Industry: EV battery systems

    Over the past few years, bullish investors flocked towards high tech stocks. One such area is electric vehicles. With sales going from zero nearly a decade ago, today even old-school automotive companies are embracing electric vehicles. They made up 14 percent of sales last year, and are on track for 18 percent of 2023’s sales.

    While still a small part of the market, the growth of EV sales and models in the years ahead should lead to continued growth for anything related to EVs. One key component is battery systems. That’s where a company like Microvast (MVST) comes into play.

    Microvast produces battery systems both for EVs as well as energy storage systems. The company is developing systems specifically for next-generation vehicles such as trains, buses, and mining trucks, and automated systems.

    Microvast went public in 2021 via a special purpose acquisition company. Initially valued at $10 per share, today the stock trades for over 70 percent less than that.

    That’s in spite of the company’s ongoing growth, including a 145 percent jump in revenue in 2021, and a 28 percent rise in 2022. The SPAC deal loaded up the company’s balance sheet with cash, which should prove sufficient to fund growth for the next two years.

    Forward-looking investors can fare better than those of the past year, and grab onto this growth play in the high-yield EV space at a reasonable price before the market goes into smaller tech stocks once again.

    CleanSpark (CLSK)
      Industry: Cryptocurrency infrastructure

    Cryptocurrencies offer investors the potential for some big swings

    2021 was a great year for cryptos. But in 2022, cryptos swung lower. 2023 has seen the start of a recovery, boosted in part by a banking crisis and an increased interest in crypto-themed ETFs to make investing easy for everyday users.

    Investors can buy plenty of inexpensive plays. In the current market for cryptos, it makes the most sense to start with a large, established player. One such company CleanSpark.

    The company provides the infrastructure needed to operate crypto mining operations. That incudes data center services, rack space, power, equipment, and cloud services.

    CleanSpark still isn’t profitable. But operations are moving in the right direction. Revenues are up 14 percent over the past year.

    More importantly, prices tend to move in line with movements in the crypto space. So a continued rally in the next year could lead to massive returns for shareholders who buy today.

    Tilly’s (TLYS)
      Industry: Retail

    For years, investors have claimed that retail stores are a dying breed. Yet many companies have been able to adapt and thrive, many even building a hybrid model of both physical and online stores. One such company making the transformation is Tilly’s.

    Known for selling a variety of apparel, footwear, and accessories in the U.S., Tilly’s operates its own stores, has third-party merchandise agreements, and online.

    Shares have been trading in a range over the past year, and revenues have been down amid a slowdown in consumer spending on apparel. However, Tilly’s may be undervalued, as shares trade at just 0.4 times their price to sales.

    If the company can keep costs down and consumers heading back to buy more, they should be able to thrive in today’s hybrid retail environment – and be a surprising winner as more traditional retailers like department stores continue to struggle.

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