Good evening, The stock market has rallied since the election, hitting new all time highs before pulling back a bit on Friday due to concerns about interest rates and the jobs reports. Right now, the market as a whole looks relatively expensive compared to historical averages (even despite the market being down today).
Historically, companies on the S&P 500 have traded at about 15 times earnings in a more normal market environment. Despite ongoing inflation, political uncertainty, and international strife, the typical S&P 500 company is still trading at about 29 times earnings as of January 10th.
Bullish investors are keeping prices higher than they probably should be, and this is making it challenging to find cheap stocks to buy.
Most S&P 500 companies continue to look expensive, but there are still a handful of undervalued stocks trading at less than $10.00 per share. Value opportunities exist if you know where to look.
Putting together a list of cheap stocks to buy now requires looking into some smaller, riskier, unloved, or undiscovered parts of the market.
Some of these companies are great ideas because they're too small and too risky to attract most mutual funds and professional money managers.
Others have been beaten up by the market after a period of slowing earnings and profits but are now working to turn around and bounce back.
Each of these 10 stock picks shares a common characteristic, a super-low share price of $10.00 or less.
Click Here to View These 10 Stocks The DividendStocks.com Team |
