Great Cheap Stocks To Buy Right Now
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With any investment, there is a degree of risk as well as return. When deciding which cheap stocks to buy, here are key factors to keep in mind: P/E ratio, price-to-book value, cash flow and earnings reports.
Earnings reports offer a wealth of information on companies, including their profits and losses. They also note whether a company performed as expected for a given period. Digging into past earnings reports can help you anticipate future performance and decide whether cheap dividend stocks are a good buy.
With the stock market stuck in a downtrend, there are plenty of cheap stocks out there. Indeed, the universe of stocks trading for $5 per share or less is large; currently, about 1,800 U.S.-listed companies are selling for less than that amount.
Shares are also outright cheap for such a stable company, as the stock sells for less than 16 times forward earnings. On top of that, Ambev offers a dividend yield of more than 5% today. That should mark a fine entry point and valuation for this powerhouse of beer. The company has also regained operational momentum, with its recent fourth-quarter results showing a 36% year-over-year rise in profitability.
But with the S&P 500 Index suffering its biggest annual loss since 2008 last year, many investors have seen their portfolios decline in value. And one opportunity that comes from a less favorable environment on Wall Street is the presence of more cheap stocks.
If you are interested in cheap stocks, it's vital to do your research beyond just looking at the latest print for prices. You need to take a hard look at risk metrics, recent performance and future outlook in order to invest responsibly.
With that in mind, here are nine cheap stocks under $10 to consider. The following picks all have something to offer: Some are stable low-priced stocks with healthy dividends, while others are tech companies with growth potential in a digital age. And some are simply bargains after recent declines.
That's in part because the company turned around from a 25 cents per share loss in fiscal 2021 to a 24 cents per share profit in fiscal 2022. Furthermore, ADT's full-year report showed annual revenue growth of 21%, as well as a fourth consecutive quarter of record-high customer retention and recurring monthly revenue balances. This fundamental strength is why ADT is on this list of the best cheap stocks to buy now.
It's a lower-margin business, but that means ASE doesn't have to sweat the research side or the marketing of patented semiconductors and therefore offers more stability. Many of the cheap stocks out there in the tech sector can be risky, so ASE's unique business model makes it stand out.
In fact, the dividend is a hefty 9.9% based on its 15 cents per share quarterly payout and current pricing. Even if shares continue to move sideways, that big-time payday could make Equitrans one of the best cheap stocks for income investors to consider.
The icing on the cake for one of Wall Street's best cheap stocks is a 17 cents per share quarterly dividend that is only about 60% of total profits, but adds up to a generous annualized yield of 8.7%. This is more than five times the current S&P 500 yield.
You may think a cheap stock like NL Industries, tied to cyclical manufacturing trends and with a modest market cap of just $315 million in market value, might be a risky bet right now. However, shares are down about 4% in the last 12 months, compared with a nearly 10% loss for the S&P 500 in the same period. It's also up about 130% in the last 36 months, more than doubling the return for the broad market.
Shares of PAYO stock are up more than 40% in the last year thanks in part to its growing business. There's assuredly risk here if we hit a widespread downturn in global spending, and thus reduced transaction volume. But PAYO, one of Wall Street's best cheap stocks to buy, could have a very bright future in a digital age. In 2022, it hired former Alibaba.com (BABA (opens in new tab)) executive John Caplan as its CEO, and it is looking to expand even further in the years ahead.
As proof, shares are up roughly flat over the last year while the S&P 500 has lost about 10% or so in the same period. Yamana pays a healthy 2.3% dividend yield on top of that to provide a decent stream of income along with an inflation hedge via one of Wall Street's best cheap stocks.
Online course platform Coursera ranks 8th in our list of the best dirt cheap stocks to buy now. Coursera, Inc. (NYSE:COUR) has a long-term growth potential since it has a strong position in the online education market which is set to grow as more and more people opt to upskill themselves. Coursera, Inc. (NYSE:COUR) also collaborates with over 275 top universities and businesses to offer an online education.
As noted above, consumers are flush with cash on the back of record government stimulus, the best credit card stocks have massive reserves for losses that have not happened, and the world may see a spending boom. The good news in our view is that even if the spending boom fails to occur, some of the best credit card stocks are priced like things are never going to get better. You are effectively buying some of the only stocks in the market that literally have massive reserves on their balance sheets if things get worse, are priced like things will not improve, and yet have enormous upside if anything should go right.
We strongly encourage people interested in these stocks to learn about the fintech space that is priced like they are going to wipe all these profitable and established firms out. Our post on ARKF Dividend vs XLF Dividend is a great starting point in our view.
Follow Money Morning for continued info on how to successfully trade penny stocks, understand the process, and get lists of penny stocks to buy this week. Also, you may want to consider the best cheap stocks right now. And if you're new to investing, we can teach you how to buy your first stocks. There's lots of information on our site and in our newsletters beyond penny stocks that will explode!
Until the recent rally, shares of Fannie and Freddie were down 25% and 18% respectively this year. And that's while the broad Standard & Poor's 500 index was up 11%. So much for cheap stocks being a safe place to invest.
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This, ironically, gave many cigarette stocks outrageously good returns because the stocks had much higher sustainable dividend yields than they should have had based on their fundamentals, so investors that kept receiving and reinvesting their dividends did very well. The companies themselves also reinvested some earnings to buy back super-cheap shares and boost their earnings-per-share and dividend-per-share metrics.
The problem is that now investors know that value stocks historically outperform most other factors, so humans (and the machines they program) can easily go around buying the cheapest value stocks on the market (specifically the stocks with the lowest price-to-earnings or price-to-book ratios), which drives up their valuations and potentially eliminates their alpha.
In addition, there are disruptive forces at play due to new technology or other aspects that allow some periods to see a greater fundamental rise of growth stocks than others. This past decade has seen a gargantuan rise of tech giants, with Apple inventing the iPhone in 2007, Alphabet taking over the internet, Amazon dominating the retail and cloud spaces, and Microsoft continuing to do well in enterprise and cloud platforms. This has been a more fundamentally-driven period of outperformance for growth stocks than the run-up to the dotcom bubble was.
This results in having a couple dozen cheap companies with high returns on invested capital, implying they have a strong business model and economic moat and are unlikely to be value traps. This formula has beaten the S&P 500 for a long time, but like many value strategies has struggled a bit in recent years compared to growth stocks. 781b155fdc