10 Cheap Stocks To Buy Now In USA [Under $5 And Under $10 List]

Before talking about 10 Cheap Stocks To Buy Now In USA, let us tell you that a low stock price does not necessarily mean that the stock will grow faster. The cost of a company’s stock depends on its profits and future growth. Many believe that low-priced stocks will grow faster; it will take little time for a $5 stock to become $10. But this is not so. The company will have to double its market cap to make your money from $5 to $10. Let’s leave this topic here… because it is very long.

People find it appropriate to buy low-priced stocks. If a stock trades at less than $10 per share, an investor thinks that such a stock can be purchased for more money for less money. However, in practice, buying low-priced stocks can be dangerous. Low-priced stocks often belong to small companies. The stock price of such companies is low because they are being run by managers who make poor capital decisions, and their balance sheets could be more stable.

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Yet, we have compiled a list of some high-quality companies for investors interested in buying low-priced stocks. These are stocks that are trading below $10. Our list of 10 Cheap Stocks To Buy Now In USA will highlight these companies and their potential for future growth. We will also understand why these stocks should be in your portfolio.

10 Cheap Stocks To Buy Now In USA

5 Cheap Stocks to Buy Under $10

These are low-priced stocks, with prices below $10. (Note: Prices are subject to change as stock prices fluctuate in the market)

According to CFRA, the 5 best stocks to buy under $10 are:

1. Telefonica SA (ticker: TEF)
2. Nokia Corp. (NOK)
3. Korea Electric Power (KEP)
4. Aegon Ltd. (AEG)
5. Arcadium Lithium PLC (ALTM)

Telefonica SA (TEF) : Cheap Stocks To Buy Now In USA

Telefonica is Spain’s leading telecommunications company. It is number one on our list of 10 Cheap Stocks To Buy Now In USA. This stock offers a dividend of 7.6%. Experts say that Telefonica has taken several steps to restructure its business, which has helped streamline it. Telefonica recently acquired E-Plus in Germany and GVT in Brazil.

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Nokia Corp. (NOK)

Nokia is a seller of telecommunications equipment and digital map data. Experts believe that the company will benefit from the start of 5G network upgrades in North America and China. Nokia’s North American mobile network business declined in 2023, but Nokia Mobile’s earnings and revenue will increase in 2024.

Korea Electric Power (KEP) : Cheap Stocks To Buy Now In USA

Integrated electric utility company Korea Electric Power transmits and distributes electricity in South Korea. Experts say that high tariffs will support its demand and compensate for the projected slowdown in Korea’s economy in 2024. Let us tell you that Korea Electric has recorded an operating profit in its recent quarter. Experts believe that investors have high expectations of supportive government policies.

Aegon Ltd. (AEG)

Aegon Ltd. is a Dutch insurance company that provides insurance, savings, pension, and investment products and services worldwide. The company’s management team is currently making good decisions. The company is focusing on strategic assets that will reduce capital ratio volatility and generate attractive returns on capital. Aegon Ltd. is famous for its high dividends and buybacks.

Arcadium Lithium PLC (ALTM) : Cheap Stocks To Buy Now In USA

Arcadium Lithium PLC produces lithium chemical products used in portable electronics, electric vehicles, and stationary storage facilities. Experts say that the demand for lithium will increase in both the short and long term. Political and environmental pressure regarding electric vehicles will drive the global auto market towards adopting electric cars, creating tremendous demand for lithium-containing batteries.

This was the list of 5 Cheap Stocks to Buy Under $10.

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5 Cheap Stocks to Buy Under $5

Now, we will look at a list of 5 Cheap Stocks to Buy Under $5. There are currently about 1,800 companies listed on U.S. stock exchanges that have stocks priced at $5 per share or less. Here are 5 of the top cheap stocks under $5 to buy right now:

1. Sirius XM Holdings Inc. (ticker: SIRI)
2. Fortuna Silver Mines Inc. (FSM)
3. Up Fintech Holding Ltd. (TIGR)
4. W&T Offshore Inc. (WTI)
5. Enel Chile SA (ENIC)

Sirius XM Holdings Inc. (SIRI) : Cheap Stocks To Buy Now In USA

Sirius XM operates a satellite radio platform. Sirius XM also operates the Pandora streaming service. SiriusXM shares have risen in recent times. However, the stock has fallen from $8 per share to less than $4 per share.

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Fortuna Silver Mines Inc. (FSM)

Fortuna Silver Mines Inc. is a Canadian mining company that operates in several Latin American countries. There is currently a huge demand for silver, and prices are skyrocketing. If this continues for some time, silver may rise more than gold due to low supply. In such a situation, Fortuna can benefit greatly.

Up Fintech Holding Ltd. (TIGR) : Cheap Stocks To Buy Now In USA

Up Fintech Holding Ltd. is a brokerage and financial services company with a primary market in China. It is a partner of Interactive Brokers Group Inc. (IBKR). The company’s stock declined amid a prolonged bear market in Chinese equities. However, Up Fintech Holding Ltd. remains profitable at approximately 15 times trailing earnings and only 11 times forward earnings.

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W&T Offshore Inc. (WTI)

Houston-based W&T Offshore Inc. is an oil and natural gas exploration company. Long a loss-making company due to low energy prices, it has had positive profits in the past two years. Oil prices have risen again due to the war in Russia and the Middle East. The company is already profitable and also pays a small dividend.

Enel Chile SA (ENIC) : Cheap Stocks To Buy Now In USA

Enel Chile SA is next on our list of 5 Cheap Stocks to Buy Under $5. It is one of Chile’s largest independent power producers. The company has been at the forefront of adopting renewable energy. Chile’s macroeconomic outlook is improving, which could benefit the company.

Conclusion : Cheap Stocks To Buy Now In USA

Investing in affordable stocks below $5 or $10 can be risky. But, investing in stocks priced below $5 or $10 will diversify your portfolio. Doing so reduces risk and also increases the chances of higher returns. The ten affordable stocks highlighted in this blog post are from various industries, from technology and healthcare to renewable energy and consumer goods. Our 10 Cheap Stocks To Buy Now In USA list has given you the correct information. But, do thorough research and consult a financial advisor before making any investment decision.