Buying shares of a company when they are trading in the single digits creates a feeling of buying a bargain.
If you find that you cannot resist the temptation to buy cheap, single-digit stocks, you need to add one habit to your stock selection process to increase your chance of success. Check the fundamentals of your low-priced candidates with Portfolio Grader, and buy only those that have the strong fundamentals that earn a high rating from the stock selection tool.
Here are three cheap stocks that are worth your time and money now:
Vertex Energy (VTNR)
Vertex Energy (VTNR) trades for less than $10 right now but is one of the very best stocks you can buy right now.
Vertex provides services designed to process and recycle industrial and commercial waste streams. Vertex does fun stuff like collect used motor oil and process it into feedstock and replacement fuels and gather gathers hydrocarbon streams in the form of petroleum distillates and other chemical products that are purchased from pipeline operators, refineries and chemical processing facilities and turn it into gasoline feed stocks or fuel oil cutter stock that is sold to oil companies.
Vertex is in a messy business but a profitable one as earnings are up more than 100% this year. Portfolio Grader likes VTNR stock and upgraded it to an “A” rating back in April. Vertex stock is a “strong buy” at the current price.
Planar Systems (PLNR)
Planar Systems (PLNR) makes electronic display products like video display walls, outdoor signage displays and customized LCD signage solution. Planar Systems is seeing strong gains in sales and earnings this year with profits up more than 60% compared to a year ago.
Planar Systems has also exceeded Wall Street’s expectations with three large positive earnings surprises in the past four quarters. Portfolio Grader upgraded PLNR stock to an “A” last month, and Planar Systems stock is a “strong buy” right now.
Amkor Technology (AMKR)
Amkor Technology (AMKR) is also seeing strong results in 2014 with earnings growth of over 100% so far. Amkor has blown away Wall Street’s expectation with four large positive earnings surprises in a row, and analysts have been scrambling to raise their estimates for 2014 and 2015.
Portfolio Grader upgraded Amkor to an “A” back in July, and Amkor Technology is a “strong buy” at the current price.
If you cannot resist the urge to buy lower-priced stocks, be sure to use Portfolio Grader to buy the very best ones that can lead to large gains as they move well into the double digits.
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Louis Navellier is a renowned growth investor. He is the editor of five investing newsletters: Blue Chip Growth, Emerging Growth, Ultimate Growth, Family Trust and Platinum Growth. His most popular service, Blue Chip Growth, has a track record of beating the market 3:1 over the last 14 years. He uses a combination of quantitative and fundamental analysis to identify market-beating stocks. Mr. Navellier has made his proven formula accessible to investors via his free, online stock rating tool, PortfolioGrader.com. Louis Navellier may hold some of the aforementioned securities in one or more of his newsletters.
