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5 Bargain Stocks to Buy for Under $10

Here are a few cheap picks that look promising

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Callaway Golf

stocks to buy now wenCallaway Golf (ELY) is the ultimate consumer discretionary play, since its drivers and golf bags are hardly something people splurge on when times are tough. However, consumer spending continues to improve and the hopes of a decent Christmas shopping season and strong 2014 could bode well for Callaway.

Consider that consumer spending ticked up 0.3% in August for the fourth consecutive month. And the government shutdown may have rattled shoppers a little, but it’s undeniable that rising home values and a bull market for stocks have made Americans much more confident.

Auto sales will hit their highest level since 2006 next year, existing home sales just topped highest levels since 2009 … and discretionary dollars are soon to follow.

Maybe that’s why Callaway Golf is up almost 30% from its low in November 2012 and continues to push higher.

Jeff Reeves is the editor of and the author of “The Frugal Investor’s Guide to Finding Great Stocks.” Write him at or follow him on Twitter via @JeffReevesIP. As of this writing, he did not own a position in any of the stocks named here

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