Finding cheap stocks to buy is no easy task in any market. But after a 30% run-up for stocks in 2013, many of the best cheap stocks have climbed so much that they are no longer so affordable.
But if you know where to look, you can still uncover cheap stocks to buy under $10 per share that hold significant upside in the new year. Sure, some of these cheap stocks are underperformers waiting for their turnaround. But there are a number of stocks out there that started 2013 at $5 but still trade easily under $10 a share — and have serious momentum on their side.
Buying the best cheap stocks involves much more than simply looking for a low stock price, however.
Here are 10 cheap stocks under $10 I have my eye on because they have specific strengths that look to capitalize on the current market rally in 2014: