As the market continues to power higher and touches new record highs almost every week now, it’s increasingly difficult to find cheap stocks to buy now.
That goes for both price — as many stocks have moved significantly higher on a per-share basis — as well as valuation. Right now, the typical price-to-earnings ratio of an S&P 500 company is about 18 times forward estimates.
However, as the old saying goes, it’s a market of stocks and not just a stock market. There are plenty of opportunities for value if you know where to look. And that means putting together a list of the best cheap stocks to buy now requires looking into some rather unloved or undiscovered corners of the market.
Some of these stocks are great investing ideas that aren’t yet popular because the companies are too small and risky. Others are battered after a period of rough sales or profits, but are now turning around and poised to bounce back. But each one of these 10 picks all share one trait — a super-low share price under $10.
At least, for now.
Many of these picks move fast, so check out these cheap stocks ASAP before they move into double digits and beyond.