Buying Great Cheap Stocks Under $10 for December and Beyond

Zacks11-20 05:06

Wall Street bulls held their ground at the Nasdaq’s 21-day moving average to start a week that includes earnings reports from Nvidia, Walmart, Target, and other tech and economic bellwethers. See the ...

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Therefore, the market appears far from overheated heading into the final stretch of November and the last month of 2024.Bullish investors who want to keep buying stocks might consider looking at some home run swings.Today we explore how to find great cheap stocks trading for $10 a share or less that investors might want to buy heading into December.On top of their cheap price tags, Wall Street analysts are high on all of these stocks and their improving earnings outlooks earn them strong Z","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"NVDU":"Direxion Daily NVDA Bull 2X Shares","LU0096362180.USD":"CT (LUX) I GLOBAL FOCUS \"DU\" (USD)","LU2083900584.USD":"HSBC GIF US INCOME FOCUSED \"AM2\" (USD) INC","LU1868836757.USD":"CT (LUX) I AMERICAN FUND \"2\" (USD) ACC","LU2264538146.SGD":"Fullerton Lux Funds - Global Absolute Alpha A Acc SGD","IE0004445015.USD":"JANUS HENDERSON BALANCED \"A2\" (USD) ACC","LU2237957811.SGD":"NIKKO AM GLOBAL EQUITY \"F\" (SGD) ACC","IE00BK4W5L77.USD":"HSBC GLOBAL FUNDS ICAV US EQUITY INDEX \"HC\" (USD) ACC","LU0823414478.USD":"法巴经典能源转换基金","NVDX":"T-REX 2X LONG NVIDIA DAILY TARGET ETF","SNVD.UK":"LS -1X NVIDIA","LU0061474705.USD":"THREADNEEDLE (LUX) GLOBAL DYNAMIC REAL RETURN \"AU\" (USD) ACC","LU2023250330.USD":"ALLIANZ INCOME AND GROWTH \"AMG\" (USD) INC","APLD":"APPLIED DIGITAL CORP","LU0215105999.USD":"SCHRODER ISF GLOBAL EQUITY \"A\" ACC","NVD2.UK":"2X NVIDIA ETP","NVDY":"YIELDMAX NVDA OPTION INCOME STRATEGY ETF","LU0724617625.USD":"BGF GLOBAL ALLOCATION \"A4\" (USD) INC","NVD3.UK":"LS 3X NVIDIA","LU1861215975.USD":"贝莱德新一代科技基金 A2","LU0289960550.SGD":"AB FCP I - GLOBAL EQUITY BLEND PORTFOLIO 'A' (SGD) ACC","LU0985320562.USD":"NORDEA 1 GLOBAL STARS EQUITY \"BP\" (USD) ACC","NVDS.UK":"LS -1X NVIDIA","SG9999015341.SGD":"United Income Focus Trust Acc SGD-H","LU0708995401.HKD":"FRANKLIN U.S. OPPORTUNITIES \"A\" (HKD) ACC","LU2602419157.SGD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"AC\" (SGD) ACC","LU1323610961.USD":"UBS (LUX) EQUITY SICAV - LONG TERM THEMES (USD) \"P\" (USD) ACC","LU1316542783.SGD":"Janus Henderson Horizon Global Technology Leaders A2 SGD","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","LU0256863902.USD":"ALLIANZ US EQUITY \"AT\" (USD) ACC","LU1917777945.USD":"安联专题基金Cl AT Acc","SG9999014575.USD":"UOB UNITED INCOME FOCUS TRUST FUND (USDHDG) INC","NVDA":"英伟达","IE0004445239.USD":"JANUS HENDERSON US FORTY \"A2\" (USD) ACC","NVD":"GraniteShares 2x Short NVDA Daily ETF","LU1366192091.USD":"ALLIANZ US EQUITY PLUS \"AM\" (USD) INC","3NVD.UK":"LS 3X NVIDIA","LU1551013342.USD":"Allianz Income and Growth Cl AMg2 DIS USD","LU1791710400.SGD":"Fidelity Global Demographics A-ACC-SGD","LU2417539215.USD":"ALLIANZ GLOBAL INCOME \"AMF\" (USD) INC","NVDD":"Direxion Daily NVDA Bear 1X Shares","LU2125909759.SGD":"Natixis Thematics Safety H-R/A SGD","LU2360032135.SGD":"ALLSPRING GLOBAL EQUITY ENHANCED INCOME \"A\" (SGDHDG) INC","LU2125909916.SGD":"Natixis Thematics Safety R/A SGD","2NVD.UK":"2X NVIDIA ETP","SGXZ81514606.USD":"大华环球创新基金A Acc USD","NVDS":"Tradr 1.5X Short NVDA Daily ETF","SG9999004303.SGD":"Nikko AM Shenton Global Opportunities SGD"},"translate_title":"购买12月及以后10美元以下的廉价股票","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"APLD":1,"NVDA":0.9,"NVDD":0.6,"NVD":0.6,"NVD2.UK":0.6,"NVD3.UK":0.6,"NVDS":0.6,"NVDS.UK":0.6,"NVDU":0.6,"NVDX":0.6,"NVDY":0.6,"SNVD.UK":0.6,"3NVD.UK":0.6,"2NVD.UK":0.6},"content_text":"Wall Street bulls held their ground at the Nasdaq’s 21-day moving average to start a week that includes earnings reports from Nvidia, Walmart, Target, and other tech and economic bellwethers.\nSee the Zacks Earnings Calendar to stay ahead of market-making news. \nThe bulls appear in control of the stock market as they focus on earnings growth, and the likelihood of lower corporate taxes and less red tape during a second Trump term.\nCNN’s Fear and Greed Index (a contrarian stock market indicator) is sitting at Neutral (50) down from Greed last week. Therefore, the market appears far from overheated heading into the final stretch of November and the last month of 2024.\nBullish investors who want to keep buying stocks might consider looking at some home run swings.\nToday we explore how to find great cheap stocks trading for $10 a share or less that investors might want to buy heading into December.\nOn top of their cheap price tags, Wall Street analysts are high on all of these stocks and their improving earnings outlooks earn them strong Zacks Ranks.\nPenny Stocks\nOne dollar or less used to be the common threshold for what we call “penny stocks.” Today, the SEC has expanded penny stocks to securities that trade for less than $5 a share. Many investors avoid these stocks because they are speculative in nature.\nMeanwhile, penny stocks often trade infrequently and hold wide bid/ask spreads. These stocks also carry many other traits that, in many cases, cause excessive volatility. With that said, some penny stocks perform incredibly well, which helps them remain attractive.\nStocks Under $10\nMoving on, let’s briefly discuss the next class of cheap stocks. Stocks that trade in the $5 to $10 range are generally less risky than their penny stock counterparts. Investors might be more likely to have heard of these companies or seen the tickers. They are, however, still inherently more speculative than many other higher-priced stocks.\nInvestors can obviously find winning stocks for under $10 if they are extremely selective. So today, we narrowed the list of thousands of these more speculative stocks down to a more manageable group of $10 and under stocks that might help boost your portfolio.\nScreen Parameters\n• Price less than or equal to $10\n• Volume greater than or equal to 1,000,000\n• Zacks Rank less than or equal to 2\n(No Holds, Sells or Strong Sells.)\n• Average Broker Rating less than or equal to 3.5\n(Average Broker Rating of a Hold or Better.)\n• # of Analysts in Rating greater than or equal to 2\n(Minimum of at least two analysts covering the stock.)\n• % Change F1 Earnings Estimate Revisions -- 12 Weeks greater than or equal to 0\n(Preferably upward earnings estimate revisions, but definitely no downward revisions.)\nHere is one stock out of the nearly 90 highly-ranked names trading under $10 a share that made it through the screen today…\nIs Surging Applied Digital a Must-Own, Cheap Artificial Intelligence Stock?\nApplied Digital Corporation APLD designs, builds, and operates what is calls “next-generation digital infrastructure designed for high-performance computing applications, cloud services, and data center hosting.” The company’s long-term vision is to transform into a platform capable of building and operating multiple HPC data centers.\nApplied Digital crushed our Q1 FY25 earnings estimates in early October. The digital infrastructure solutions provider said it was “finalizing a lease agreement with a U.S.-based hyperscaler for our 100 MW facility currently under construction. This state-of-the-art, 369,000+ square-foot facility is specifically designed for HPC applications, including artificial intelligence. Furthermore, we are in the design phase for two additional buildings at this location, which will increase the total capacity to 400 MW.”\nImage Source: Zacks Investment Research\nApplied Digital’s upward earnings revisions help it earn a Zacks Rank #2 (Buy). APLD is projected to grow its revenue by 64% in FY25 and 42% next year. Wall Stret grew more bullish after reports spread late last week that AI powerhouse Nvidia NVDA disclosed a new investment in Applied Digital. As of Sept. 30, Nvidia held a roughly 3% stake in APLD.\nApplied Digital has improved its balance sheet on the back of “strategic investments from a group of institutional and accredited investors,” Nvidia, and “related companies.” \nAPLD stock has climbed 105% during the last 12 months. Yet it is still down around 65% from its November 2021 levels. Applied Digital stock surged on Tuesday attempting to break out to fresh 52-week highs.\nAPLD trades 38% below its average Zacks price target and six of the seven brokerage recommendations Zacks has are “Strong Buys.” Applied Digital is a cheap stock trading for under $10 a share that is worth buying for its AI-focused upside.\nGet the rest of the stocks on this list and start looking for the newest companies that fit these criteria. It's easy to do. And it could help you find your next big winner. Start screening for these companies today with a free trial to the Research Wizard. You can do it.\nClick here to sign up for a free trial to the Research Wizard today.\nWant more articles from this author? Scroll up to the top of this article and click the FOLLOW AUTHOR button to get an email each time a new article is published.\nDisclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.\nDisclosure: Performance information for Zacks’ portfolios and strategies are available at: www.zacks.com/performance_disclosure\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nNVIDIA Corporation (NVDA) : Free Stock Analysis Report\nApplied Digital Corporation (APLD) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":1,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2484390040"}